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Axis Bank Magnus Credit Card

(4.5)
Premium Best For: Travel
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The Axis Magnus Credit Card gives you everything you'd expect from a credit card. For a yearly fee of ₹12,500, you'll get to enjoy benefits like golf rounds, insurance, wellness, shopping, travel and much more. You can enjoy a base reward rate ranging from 1.25% to 6% on all your purchases, along with unlimited domestic and international lounge access, free airport concierge services, and a 40% discount at over 4,000 restaurants. Whether you're travelling for business or pleasure, this card will make your life easier and carefree. Take a closer look at all the features and benefits of this card. 👇

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Welcome Bonus

Choose any one voucher worth ₹12,500 from below options:

Luxe gift card or The Postcard Hotels gift voucher or Yatra gift voucher

Lounge Access

Domestic Lounge Access

  • Unlimited free access to domestic lounges annually, applicable to both primary and add-on cardholders.

International Lounge Access

  • Unlimited free access to international lounges annually with Priority Pass.
  • Complimentary 8 international lounge access for guests.
     
Travel Benefit
  • Enjoy 8 complimentary end-to-end VIP services at the airport.
  • Global Travel and Medical Assistance like legal & medical service referral, emergency evacuation, etc.
  • Reduced mark-up fee of 2% on foreign transactions.
Reward Points
  • Earn 12 Axis EDGE Reward Points on spends of every ₹200 up to ₹1.5 lakh.
  • 35 EDGE Reward points per ₹200 on incremental spends above ₹1.50 lakh.
  • 5X EDGE Rewards on travel spends via Travel Edge.
  • 2 partner miles for every 5 EDGE Reward points across 19 travel partners.
  • Reward Rate: 1.25% to 6%
Entertainment Benefit

Buy one ticket and get up to ₹500 off on the second ticket for a maximum of 5 movie/non-movie bookings in a month.

Dining Benefit

Enjoy up to 40% discount at over 4,000 restaurants across India.

Fuel Surcharge

Fuel surcharge waiver of 1% for transactions between ₹400 to ₹4000.
 

Concierge Services
  • 24x7 dedicated Concierge Services on flight bookings, table reservations, gift deliveries and more.
  • Avail of special VIP assistance services for a smooth and hassle-free airport transfer.
Insurance Benefit
  • Counterfeit/lost card liability upto credit limit
  • Purchase protection: ₹2 Lakhs
  • Loss/Delay in baggage & Personal Documents: 500 USD
  • Credit shield: ₹5 Lakhs
Other Benefit
  • Annual fee waiver on spend of ₹25 lakhs in the preceding year.
  • Healthcare packages and a range of privileges with SRL diagnostics, Dr. Lal PathLab and Metropolis.
  • Expert medical opinion from a panel of world-class specialists at leading institutions.
  • Virtual health assistance including tele-consultation, health coaching, home quarantine programs, personalized oncology care and more.
Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹12,500

Annual Fee

₹12,500

Annual Percentage Rate

42.58%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

Nil

Cash Advance Limit

NA

Card Replacement Fee

Free

Foreign Transaction Fee

2%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

1%

Reward Point Value

₹0.20
Late Payment Charges

Balance below ₹500

₹ 0

Balance from ₹501 to ₹5000

₹ 500

Balance from ₹5001 to ₹10000

₹ 750

Balance more than ₹10000

₹ 1200
Pros

Aspects that make this credit card amazing.

  1. No cash withdrawal charges.
  2. Low Foreign Transaction charges when compared to other cards.
  3. It offers 24x7 card assistance.
  4. Healthcare packages with SRL diagnostics, Dr. Lal PathLab and Metropolis.
  5. Expert medical opinion from world class specialists.
Cons

Aspects this credit card lacks.

  1. A high joining fee of ₹12,500 may limit accessibility for some.
  2. Obtaining add-on cards can be cumbersome but improvements are underway.
  3. No reward points on wallet, rent and EMI transactions.
  4. 25,000 EDGE Reward Points on monthly spends of ₹1 lakh is discontinued.
  5. High annual fee waiver of ₹25 lakh

Axis Bank Magnus Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(3.5)

Rewards

(4)

Customer Service

(4.2)

Axis Bank Magnus Credit Card Review

Axis Bank Magnus used to be a strong contender in the super-premium credit card segment, competing with HDFC Diners Club Black and HDFC Infinia Credit Card, thanks to its monthly milestone benefit that allowed users to earn 25,000 reward points, which could be converted to 20,000 partner miles at a 5:4 ratio. However, the recent devaluation has disappointed high spenders and travellers as the milestone feature has been discontinued, and the conversion rate has been reduced to 5:2.
Despite still offering unlimited lounge access, generous reward rates, dining and movie benefits, and other premium privileges, Axis Magnus is no longer considered an exceptional premium card.
Overall, the Axis Magnus Credit Card is still a good option for high-spenders who travel frequently. However, it is important to be aware of the card's high annual fee and devalued rewards before applying.

Overview

Best For Luxury Travel and Rewards
Joining Fee ₹12,500 plus applicable taxes

Annual Fee

₹12,500 plus applicable taxes
Welcome Bonus Choose any 1 voucher worth ₹12,500 from the Luxe Gift card/ The Postcard Hotels Gift voucher/ Yatra Gift voucher
Card Network Mastercard

Who should get an Axis Bank Magnus Credit Card?

The Axis Magnus Credit Card is suitable for high-net-worth individuals and frequent travellers who prioritize luxury lifestyle benefits, airport lounge access, and travel privileges. It charges a high annual fee but provides benefits like reward points, travel discounts, insurance covers, and concierge services. It is advisable to assess the card benefits and fees against your usage and requirements before applying.

Reward Points

  • Earn 12 Axis EDGE Reward Points on spends of every ₹200 up to ₹1.5 lakhs.
  • 35 EDGE Reward points per ₹200 on incremental spends above ₹1.50 lakhs
  • 5X EDGE Rewards on travel spends via Travel Edge.
  • 2 partner miles for every 5 EDGE Reward points across 19 travel partners.

How to apply for an Axis Magnus Credit Card?

  • Visit select.finology.in and click on 'Credit Cards' tab.
  • Click on 'Card issuers'.
  • Click on the "Axis Bank" and choose Axis Magnus Credit Card from the list.
  • Click on 'Apply Now'.
  • Fill out the application form with your personal and financial details.
  • Upload the required documents, such as identity proof, address proof, and income proof.
  • Review the information and submit the application.
  • Wait for the bank to process and approve your application.
  • Once approved, the credit card will be dispatched to your registered address.

Alternatively, you can also visit your nearest Axis Bank branch and fill out a physical application form along with providing the necessary documents.

Axis Bank Magnus Credit Card Eligibility

  • Age: 18 to 70 years.
  • Income: Salary of Rs.18 Lakhs per annum or Annual Income Tax Return of Rs.18 Lakhs.
  • Resident: Indian

Documents Required

  • Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address:  Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
Axis Bank Cards Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

Axis Bank

Axis Bank Credit Card Customer Care Number:

1860 419 5555 / 1860 500 5555.

Axis Bank Card Offers:

View Offers

Total Cards:

1,47,92,226
Axis Bank Credit Card News
31 May 2024, Friday
1. Migration of Citi Credit Cards to Axis Credit Cards- All You Need to Know.

As of 1 March 2023, Axis Bank has acquired all consumer banking services from Citibank, including credit cards. The full migration of Citi customers to Axis Bank is anticipated to be completed by 9 June 2024. Existing Citi cards will be substituted with new credit cards from Axis Bank. Below is a list of some of the rebranded cards:

  1. Citi Rewards will become the Axis Rewards Credit Card.

  2. IndianOil Citi Card will become the IndianOil Premium Axis Bank Credit Card.

  3. Citi PremierMiles will become the Axis Bank Horizon Credit Card.

Features of New Axis Bank Credit Cards

1. Axis Rewards Credit Card:

  • Joining/Annual Fee: Rs. 1,000 + GST
  • Welcome Benefits: 5,000 EDGE REWARDS on Rs 1,000+ spend within the first 30 days.
  • Earn up to 20 EDGE Reward Points for every Rs 125 spent.
  • 2 complimentary domestic lounge access.

2. IndianOil Premium Axis Bank Credit Card:

  • Joining/Annual Fee: Rs 1,000 + GST
  • Welcome Benefits: 500 EDGE Miles on the first transaction within 30 days.
  • Earn EDGE Miles for fuel, groceries, and other spends, redeemable at IOCL petrol pumps.
  • Quarterly complimentary domestic lounge access, Zomato discounts, and a fuel surcharge waiver.

3. Axis Bank Horizon Credit Card:

  • Joining/Annual Fee: Rs 3,000 + GST
  • Welcome Benefits: 5,000 EDGE Miles on Rs 1,000+ spent within the first 30 days.
  • Earn EDGE Miles for travel and other categories.
  • International and domestic lounge access, fuel surcharge waiver, EazyDiner discounts.

Post Migration

  • Existing rewards/miles will be converted to Axis Bank EDGE Rewards and/or EDGE Miles with unchanged monetary value.
  • Card number, CVV, annual fees, credit limit, and other details will remain the same.
  • Mandates and saved card information on merchant sites will not change.
  • EMIs and other obligations will be seamlessly transferred to the new Axis card.
13 Mar 2024, Wednesday
2. Axis Bank suspends reward redemptions for credit cards used for Business Spends

Axis Bank has suspended reward redemptions for some credit cardholders and is requesting invoices to verify travel spending. The bank believes that some cardholders are misusing reward points by using their cards for business expenses, which is against the terms of the cardholder agreement. Axis Bank says that this is a routine exercise to monitor suspicious spending, but some genuine cardholders have also been flagged. Experts recommend using separate business credit cards to avoid such problems.

29 Nov 2023, Wednesday
3. Axis Bank has announced a significant devaluation of its Vistara credit cards, effective from 3 January, 2024.

Axis Bank has announced a significant devaluation of its Vistara credit cards, effective from 3 January 2024. The main changes include:

  • No points for government and utility spending: Cardholders will no longer earn any Vistara Points on transactions made towards government dues, utility bills, and insurance premiums. These were previously high-yielding categories that contributed significantly to point accumulation.
  • Loss of monthly milestone benefit: The monthly milestone benefit of 25,000 Vistara Points will also be discontinued. This was a valuable benefit for cardholders who consistently spent a certain amount each month.
10 Oct 2023, Tuesday
4. Axis Bank and Fibe have partnered to launch India's first numberless credit card.

Axis Bank, has teamed up with Fibe (formerly EarlySalary) to introduce the country's first-ever numberless credit card tailored for the tech-savvy Generation Z demographic.

This innovative credit card offers heightened security by eliminating the conventional card number, expiry date, and CVV code typically printed on physical cards. This forward-thinking design is expected to reduce the risk of identity theft or unauthorized access to cardholders' information, ensuring the utmost in security and privacy. The card will be accessible to Fibe's extensive customer base, which exceeds 2.1 million individuals.

13 May 2023, Saturday
5. Axis Bank links Rupay credit cards with UPI.

Axis Bank has enabled linkage of RuPay Credit Cards with Unified Payments Interface (UPI). This means that Axis Bank customers can now use their RuPay Credit Cards to make payments through UPI. UPI is a real-time payment system developed by National Payments Corporation of India (NPCI). It allows users to make instant payments to any bank account in India with just a few taps on their phone.

11 Apr 2023, Tuesday
6. Axis Bank Credit Cards adds six new transfer partners to EDGE Rewards

Taking the number up to 19, Axis bank added 6 new transfer partners to its existing list. These include hotel networks Accor ALL & Wyndham Rewards, Star Alliance’s Air Canada’s Aeroplan & Thai Airways Royal Orchid Plus as well as Oneworld Alliance’s Japan Airlines JAL Mileage Bank & Qantas Frequent Flyer.

These 19 transfer partners are cumulatively a part of Axis bank’s reward program known as the EDGE Rewards.

Axis Bank Magnus Customer Reviews

Overall Rating

3

Based on 1 reviews

Rating Summary

5
0%
4
0%
3
100%
2
0%
1
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Review Analytics

Fees 0 votes

Interest Rate 0 votes

Rewards 0 votes

Benefits 0 votes

Customer Service 0 votes

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Frequently Asked Questions

The travel benefits offered by Axis Magnus Credit Card are:

  • Choose between one complimentary domestic flight ticket and a Tata CLiQ voucher worth Rs.10000 as your annual benefit.
  • Enjoy 8 complimentary end-to-end VIP services at the airport.
  • Enjoy unlimited visits to select airport lounges in India.
  • Avail unlimited complimentary international lounge visits and 8 additional guest visits per year with the Priority Pass card.

Yes, you can withdraw money from the Axis Magnus Credit card, and it charges no cash withdrawal fee.
 

 The annual fee of Axis Magnus Credit Card is Rs 10000 plus applicable taxes and is waived off on spending Rs.15 lakhs in the preceding year.

The interest rate charged on Axis Magnus Credit Card is 3% per month and 42.58% per annum.
 

To apply for Axis Magnus Credit Card you should be atleast 18 years of age and have a salary of Rs.18 Lakhs per annum or Annual Income Tax Return filed for Rs.18 Lakhs. Also, you should be Resident of India.

The process to apply for Axis Magnus credit card is mentioned below.

Step 1: Visit select.finology.in.
Step 2: Click on the Credit Cards Tab from the menu and then click on Card Issuers.
Step 3: Click on ‘View Cards’ in the Axis Bank tab.
Step 4: Click on Axis Magnus Credit Card and then Click on Apply Now Button.
Step 5: Fill necessary details and click on submit to finish the process.

Axis Magnus is a travel credit card offered by Axis Bank. It is a premium credit card that offers various benefits like one complimentary domestic flight ticket, airport concierge service, access to international and domestic lounges, BookMyShow Benefits and many more.
 

The benefits offered by Axis Magnus Credit Card are:

  • Complimentary Flight ticket or TATA Cliq voucher worth ?10000 as a welcome bonus.
  • 8 complimentary end-to-end VIP services at the airport.
  • Unlimited complimentary international lounge visits and 8 additional guest visits per year with the Priority Pass card.
  • Buy one movie/non-movie ticket and get upto Rs.500 off on the second.
  • Enjoy upto 40% discount at over 4000 restaurants across India.
  • Virtual health assistance including tele-consultation, health coaching, home quarantine programs, personalized oncology care and more.
  • Annual fee of Rs 10,000 + Taxes waived off on spend of Rs.15 lakhs in preceding year.
  • 25,000 EDGE REWARDS Points worth Rs. 5,000 on monthly spends of Rs.1Lakh and much more.