Axis Magnus Credit Card from Axis Bank is a premium credit card specially designed for those who want a high-end lifestyle. This card provides you with special discounts on your travel expenses and airport lounges.
Card Type: Travel
Welcome Benefit :
- Choose any one voucher worth INR 12,500 from the Blow option
- Luxe Gift Card
- The Postcard Hotels gift voucher
- Yatra gift voucher
Rewards:
- 12 EDGE Reward Points on every ₹200 spent up to ₹1.5 lakh in a month
- Earn 35 reward points on every Rs 200 spent on Rs 1.5 lakh in a month
- 5X Reward points earn on spends via Travel EDGE.
- Earn 2 Partner Miles for every 5 edge reward points Across 19 Travel Partners
Benefits:
- Reduced interest rate of 3% on extended credit.
- Reduced foreign currency markup fee of 2%.
- No cash withdrawal fees.
- Fuel surcharge waiver of 1% for transactions between ₹400 and ₹4,000 (capped at ₹400 per month).
- Other benefits include movie offers, dining discounts, and concierge services.
Eligibility:
- Minimum annual income of ₹24 Lakhs or 24 Lakh ITR
- Age between 18 and 70 years.
Annual Fee:
- Joining Fee: ₹12,500 plus taxes.
- Fee waived off: Your fees are waived if you spend ₹25 lakh in the last year using the Magnus Credit Card.
- Interest Rate: 3% On Extended Intrest
- Mark Up Fee: 2% Of Foreign Transaction
- Fuel Surcharge Waiver: 1% 400 to 4000
Lifestyle & Entertainment
- Movie Offer: Buy 1 ticket and get up to Rs.500 off on 2nd ticket (maximum 5 tickets)
- Dining Delight: Enjoy up to 40% discount at over 4000 partner restaurants on Axis Magnus Credit Card
Travel & Stay
- 15 % Off on International & domestic Oberoi & Trident Hotels.
- Enjoy Unlimited domestic airport lounge access at selected airports
- with Priority Pass 8 complimentary guest visits per year for the airport lounge.
- Enjoy 8 complimentary ents to end Meet & assist services at the airport
Required Document
- Aadhar Card
- Pan Card
- Income Proof
- Address Proof
Pros & Cons
Pros
- High reward rate: Especially for spends exceeding Rs. 1.5 lakhs a month, it offers a good reward rate (35 EDGE Rewards per Rs. 200).
- Unlimited international lounge access: This is a major perk for frequent travelers.
- Travel and lifestyle benefits: You get a 40% discount on dining, travel concierge services, lower foreign transaction markup, and complimentary airport meet and greet service (Mastercard variant only).
- Reward point redemption flexibility: You can redeem these credit card reward points for airline and hotel programs.
- No cash withdrawal fees: If you often travel internationally then this can prove beneficial for you.
Cons
- High annual fee: Your annual fee will be waived only when you spend Rs 25 lakh with the help of this card in a year.
- Reduced reward earning categories: With this card, you no longer get reward points when you purchase fuel, insurance, gold, etc.
- High spending requirement for top reward tier: 1.5 Lakh in a month for normal users for high cashback. It is impossible to spend lakhs
Please Read Our other credit card reviews
Things to Consider:
If you are looking for a credit card that enhances your travel experiences and offers special benefits on spending, the Axis Magnus Credit Card could prove to be a good option for you. This credit card caters to the needs of individuals who spend more on travel. If your spending consistently reaches the top level and you travel internationally frequently, you can opt for this card.
Disclaimer
We have collected the information about this card from the Axis Bank website and the internet. If there is any change in the fees, rewards, or anything else of this credit card in the future, then CredBanking will not take any responsibility for this.
