Axis Bank Magnus Credit Card
Major Highlights
The Axis Bank Magnus Credit Card is a top-tier super-premium credit card that offers exceptional rewards across multiple categories.
With outstanding travel benefits, reward programs, and exclusive privileges on movies and dining, the Magnus card is designed for high-net-worth individuals. Additionally, its sleek metal design enhances its premium appeal.
This credit card is available to Indian residents with an annual income of ₹18 lakhs or more.
Key Highlights
| Category | Details |
|---|---|
| Suitability | Shopping, Movies, Travel, Dining |
| Joining Fee | Rs. 10,000 |
| Offer | • 12 Axis EDGE REWARDS Points for every ₹200 spent using the card. • Rental transactions earn Edge Rewards only up to ₹50,000 per month • 5X Edge Reward Points on travel bookings made via Travel Edge. |
Benefits and Feature
| Benefit | Description |
|---|---|
| Welcome & Annual Benefits | • Cardholders can enjoy ₹12,500 worth of gift vouchers from top brands like Luxe, Postcard Hotels, and Yatra, giving them the freedom to choose their perfect reward. |
| Reward Points Structure | • Earn 12 eDGE Reward Points for every ₹200 spent up to ₹1.50 lakh in a calendar month. For spending beyond ₹1.50 lakh in the same month, earn 35 eDGE Reward Points for every additional ₹200 spent. • 5x EDGE REWARDS Points on TRAVEL EDGE Portal up to cumulative transaction of Rs. 2,00,000 per month. |
| Travel Benefits | • Unlimited domestic airport lounge access every year • Avail unlimited complimentary international lounge visits and 4 additional guest visits per year with a Priority Pass card. • Get up to 15% off at Oberoi and Trident Hotels, both internationally and domestically. |
| Dining | • 30% discount at 4,000+ restaurants via EazyDiner under the Axis Bank Dining Delights Program |
| Benefits on Fees and charges | • Enjoy a lower interest rate of 3% on extended credit. • Benefit from a reduced mark-up fee of 2% on foreign transactions. • No fees on cash withdrawals. • Get a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 |
| Security & Lifestyle Benefits | • ₹5 lakh Credit Shield Cover for card misuse protection. • ₹2 lakh Purchase Protection on damaged or stolen items • You are covered for up to $500 in case of baggage loss, delay, or the loss of personal documents while traveling. |
Annual Fee Charges
| Fee and Charges | Amount |
|---|---|
| Joining Fees | The annual fee is ₹12,500 + taxes, but it will be waived if you spend ₹25 lakh in the previous year |
| Interest rate | 3.0 % per month |
Annual Fee Charges
| Outstanding Balance | Late Payment Charges (Excl. GST ) |
|---|---|
| Up to Rs.500 | Nil |
| Between Rs.501 to Rs.5000 | Rs.500 |
| Between Rs.501 to Rs.10,000 | Rs. 750 |
| Greater than Rs. 10,000 | Rs. 1200 |
Eligibility Criteria
| Age | 18-70 Years |
| Residence | Indian |
| Income | Rs. 24 lakh p.a. and above |