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Last updated: 01-06-2026
Axis Bank Magnus Credit Card
Axis Bank

Axis Bank Magnus Credit Card

"Super-premium card with unlimited lounge access and high EDGE reward rate for big spenders"

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Quick Summary
๐Ÿ’ณ Joining Fee
โ‚น12,500 + GST
๐Ÿ”„ Renewal Fee
โ‚น12,500 + GST
Waived: Waived on annual spends of โ‚น25 lakh or more in the card anniversary year
๐ŸŽฏ Best Suited For
High-income individuals who spend โ‚น1.5 lakh or more per month; frequent travellers who want unlimited lounge access globally; those who can leverage EDGE Miles for airline and hotel redemptions
๐ŸŽ Reward Type
EDGE Reward Points (1 EDGE RP = โ‚น0.20 for vouchers; better value via airline/hotel partner transfer)
๐ŸŽ‰ Welcome Benefit
Choose one welcome benefit worth โ‚น12,500: Luxe Gift Card, The Postcard Hotels voucher, or Yatra.com gift voucher โ€” on first transaction within 30 days of card issuance
๐Ÿ’ฐ Reward Rate
12 EDGE RPs per โ‚น200 on monthly spends up to โ‚น1.5 lakh; 35 EDGE RPs per โ‚น200 on incremental spends above โ‚น1.5 lakh/month; 60 EDGE RPs per โ‚น200 on Axis Travel EDGE portal bookings (up to โ‚น2L/month); 5X EDGE RPs on partner Grab Deals merchants (capped at 10,000 EDGE RPs/month)
โœˆ๏ธ Lounge Access
Unlimited domestic airport lounge access for primary and add-on cardholders (requires โ‚น50,000 spend in previous 3 months); unlimited international lounge access via Priority Pass for primary cardholder + 4 complimentary guest visits per year
๐Ÿ’ฑ Forex Markup
2% + GST on international transactions
โญ Rate this Card
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โœ… Pros
  • Unlimited international and domestic lounge access
  • Low forex markup of 2%
  • Zero cash withdrawal fee
  • Low interest rate of 2.5%/month
  • Welcome benefit fully offsets โ‚น12,500 joining fee
  • Good hotel benefits (Oberoi, Trident, Leela)
  • 35 EDGE RPs/โ‚น200 for high spenders (above โ‚น1.5L/month)
โŒ Cons
  • Monthly milestone benefit discontinued since September 2023 โ€” significantly devalued
  • Partner transfer ratio reduced to 5:2 (non-Burgundy) โ€” poor value vs Infinia's 1:1
  • Domestic lounge requires โ‚น50,000 spend in previous 3 months
  • High annual fee with โ‚น25L waiver threshold (very difficult to achieve)
  • No separate Priority Pass for add-on cardholders
  • High income requirement of โ‚น24 LPA

๐ŸŽ Rewards & Benefits

Reward Type
EDGE Reward Points (1 EDGE RP = โ‚น0.20 for vouchers; better value via airline/hotel partner transfer)
Welcome Benefits
Choose one welcome benefit worth โ‚น12,500: Luxe Gift Card, The Postcard Hotels voucher, or Yatra.com gift voucher โ€” on first transaction within 30 days of card issuance
Reward Rate
12 EDGE RPs per โ‚น200 on monthly spends up to โ‚น1.5 lakh; 35 EDGE RPs per โ‚น200 on incremental spends above โ‚น1.5 lakh/month; 60 EDGE RPs per โ‚น200 on Axis Travel EDGE portal bookings (up to โ‚น2L/month); 5X EDGE RPs on partner Grab Deals merchants (capped at 10,000 EDGE RPs/month)
Reward Redemption
Redeem via EDGE REWARDS portal: airline/hotel partner transfer at 5:2 ratio (non-Burgundy) or 5:4 ratio (Burgundy variant); Axis Travel EDGE portal at 1:1; gift vouchers at 1 EDGE RP = โ‚น0.20; travel bookings via Travel EDGE. Partners include Air India, IndiGo, Singapore Airlines KrisFlyer, Air Canada Aeroplan, Turkish Airlines, and 15+ more.
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions between โ‚น400 and โ‚น4,000; maximum โ‚น500 per statement cycle
Lounge Access
Unlimited domestic airport lounge access for primary and add-on cardholders (requires โ‚น50,000 spend in previous 3 months); unlimited international lounge access via Priority Pass for primary cardholder + 4 complimentary guest visits per year
Spend Based Fee Waiver
Annual fee waived on annual spends of โ‚น25 lakh or more
Milestone Benefits
Monthly milestone benefit has been discontinued (effective September 2023). Annual fee waiver on โ‚น25L annual spend is the primary milestone.
Other Benefits
15% discount on stays at Oberoi and Trident hotels (domestic and international); 15% savings at The Leela Palace Hotels (valid till September 2026); up to 30% off at 4,000+ restaurants via Axis Dining Delights; purchase protection of โ‚น2 lakh; credit shield of โ‚น5 lakh; zero cash withdrawal charges (interest applies); golf: 4 complimentary green-fee rounds and 12 golf lessons per year (World Mastercard variant)

โœจ Special Perks & Exclusive Offers

Memberships
Priority Pass (primary cardholder, unlimited)
Insurance Cover
Purchase protection โ‚น2 lakh; credit shield โ‚น5 lakh; baggage loss/delay cover USD 500; zero lost card liability
Add-on Cards
Add-on cards with domestic lounge access; no separate Priority Pass for add-on holders
Concierge Services
Dedicated concierge services via Axis Bank helpline
Special Offers
Grab Deals 5X EDGE RPs on Amazon, Flipkart, instant vouchers; BookMyShow 1+1 movie tickets (up to 5 bookings/month, up to โ‚น500 off second ticket)

๐Ÿ’ณ Fees & Interest Rates

Joining Fee
โ‚น12,500 + GST
Annual Fee / Renewal Fee
โ‚น12,500 + GST
โœ“ Waived on: Waived on annual spends of โ‚น25 lakh or more in the card anniversary year
Interest Rate (APR)
๐Ÿ’ก Pay your balance in full each month and this never applies to you.
2.5% per month (30% per annum) โ€” lower than most premium cards
ATM Cash Withdrawal / Cash Advance
Zero cash withdrawal fee; however, finance charges of 2.5%/month apply on outstanding
Late Payment Charges
โ‚น100 (due up to โ‚น500); โ‚น500 (โ‚น501โ€“โ‚น10,000); โ‚น750 (above โ‚น10,000)
Over Limit Charges
2.5% of overlimit amount
Cheque Bounce / Auto-Debit Return
Details coming soon
Foreign Currency Markup
2% + GST on international transactions
Other Charges
No cash withdrawal fee (interest applies); Grab Deals EDGE RP bonus capped at 10,000/month

๐Ÿ“‹ Eligibility & Credit Limit

Eligibility Criteria
Age 18โ€“70 years; minimum annual salary โ‚น24 lakh (ITR โ‚น24L); strong credit history; existing Axis Bank credit card holders can upgrade if existing limit exceeds โ‚น4 lakh
Credit Score Requirement
750+ CIBIL score recommended
Credit Limit
Based on income and Axis Bank credit assessment; typically โ‚น5 lakh and above

๐Ÿ“… EMI, Balance Transfer & Debt Management

EMI Conversion
Available on transactions above โ‚น2,500; flexible tenures
Balance Transfer Facility
Available on request
Balance Transfer Interest Rate
As per Axis Bank prevailing rates
Balance Transfer Charges
Details coming soon

๐Ÿ”’ Security & Fraud Protection

Card Block Feature
Instant block via Axis Mobile app or helpline
Instant Fraud Alerts
SMS and email alerts for every transaction
Purchase Protection
Purchase protection โ‚น2 lakh; credit shield โ‚น5 lakh
Virtual Card Numbers
Details coming soon
Zero Liability Protection
Zero liability on card loss after immediate reporting

๐Ÿ“ž Customer Service & Digital Experience

Phone Support
1860-419-5555 / 1860-500-5555 (24x7)
Chat / Email Support
Chat via Axis Mobile app and website
Mobile App
Axis Mobile app: manage card, track EDGE RPs, pay bills, access Grab Deals
Online Banking
Full management via Axis Bank NetBanking and Axis Mobile app

Last updated: 01-06-2026

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Printed: 23 Oct 2026, 09:30 PM
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