Axis Magnus Credit Card

Key Features & Benefits

The Axis Bank Magnus Credit Card is engineered for premium cardholders who value accelerated rewards and exclusive travel privileges. With its tiered reward structure, you earn 12 EDGE Reward points per ₹200 (2.4% value) on regular spends up to ₹1.5 Lakhs monthly, but the real magic happens beyond that threshold—earning jumps to 35 points per ₹200 (7% value) on incremental spends. These EDGE points convert seamlessly to miles with 20+ airline partners at a favorable 2:5 ratio, perfect for frequent flyers planning their next international adventure.

Beyond rewards, Magnus cardholders enjoy unlimited international lounge access through Priority Pass with four complimentary guest visits annually, plus unlimited domestic lounge access (subject to ₹50,000 quarterly spend). The ₹12,500 welcome voucher offsets your first-year fee instantly with luxury stays or travel bookings through partners like Postcard Hotels and Yatra.

Additional perks include 1% fuel surcharge waiver (capped at ₹400 monthly), no cash withdrawal fees, and complimentary airport concierge services that elevate every journey. The competitive 2% forex markup makes it viable for international purchases, while 5X bonus points on Travel EDGE bookings maximize your rewards when booking flights and hotels through Axis Bank’s portal.

All You Need to Know About: Axis Magnus Credit Card

The Axis Bank Magnus Credit Card stands as one of India’s most rewarding premium credit cards, issued by Axis Bank on the prestigious Visa Infinite network. Launched for high-net-worth individuals, this card combines accelerated rewards earning with comprehensive travel benefits and lifestyle privileges. With a joining fee and annual fee of ₹12,500 plus GST each, Magnus is positioned in the super-premium segment but justifies its cost through a generous welcome voucher worth ₹12,500 redeemable with luxury partners like Luxe, Yatra, and Postcard Hotels. The annual fee can be completely waived upon spending ₹25 Lakhs in the preceding card membership year, making it essentially free for high-volume users.

The card’s reward structure operates on a two-tier system designed to benefit both regular and heavy spenders. For monthly spends up to ₹1.5 Lakhs, cardholders earn 12 EDGE Reward points per ₹200 spent, translating to a 2.4% reward rate. The proposition becomes significantly more attractive beyond this threshold—incremental spends above ₹1.5 Lakhs per month earn 35 EDGE Reward points per ₹200, delivering an impressive 7% reward rate capped at the assigned credit limit plus ₹1.5 Lakhs. Additionally, booking through Travel EDGE partners fetches 5X EDGE Reward points, maximizing returns on flights and hotel stays. These EDGE points are highly flexible, converting to partner airline miles at a ratio of 2 miles for every 5 EDGE points across 20+ travel partners including major global carriers, making it ideal for frequent flyers accumulating miles for premium cabin redemptions.

Travel benefits form Magnus’s core strength. Primary cardholders enjoy unlimited international airport lounge access through the Priority Pass network covering over 1,300 lounges worldwide, with four complimentary guest visits per year. Domestic lounge access is also unlimited but requires minimum spends of ₹50,000 in the preceding three months—a reasonable threshold given the card’s target audience. Complimentary airport concierge services add another layer of convenience for premium travelers. The card charges a competitive 2% foreign exchange markup on international transactions, making it viable for overseas spending, while offering 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹400 monthly savings.

Eligibility for the Axis Bank Magnus Credit Card requires a minimum net annual income of ₹24 Lakhs for salaried, self-employed, and business applicants. The application process is straightforward through Axis Bank’s online portal, requiring standard documentation including PAN card, income proof (salary slips or ITR), and address verification. Credit limits are assigned based on income and credit profile, typically on the higher end given the income requirements. The card charges 3% monthly interest (36% per annum) on extended credit beyond the payment due date. Notably, Magnus imposes no cash withdrawal fees and maintains transparent fee structures without hidden charges. Designed for affluent professionals, business owners, and frequent international travelers who can leverage its accelerated rewards and premium travel benefits, the Axis Bank Magnus Credit Card delivers exceptional value when used strategically by those meeting its spend and income thresholds.

Pros & Cons

How to Apply

Step 1: Visit the official Axis Bank Magnus Credit Card page on the Axis Bank website or through Carddhundo’s direct application link.

Step 2: Click ‘Apply Now’ and complete the online application form with your personal details, employment information, and contact details. Ensure your net annual income meets the ₹24 Lakhs eligibility threshold.

Step 3: Upload required documents including PAN card, income proof (salary slips or ITR), address proof (Aadhaar/Passport/utility bills), and recent photograph as per specifications.

Step 4: Submit your application for verification. Axis Bank will review your profile and documents, typically completing processing within a few business days. Once approved, your Magnus Credit Card will be dispatched to your registered address with activation instructions.

Detailed Fee Structure

The Axis Bank Magnus Credit Card charges a joining fee of ₹12,500 plus applicable GST, with an identical annual renewal fee of ₹12,500 plus GST from the second year onwards. However, the welcome benefit of a ₹12,500 voucher (redeemable with Luxe, Yatra, or Postcard Hotels) effectively neutralizes your first-year cost. The annual fee can be completely waived if you achieve ₹25 Lakhs in total spends during the preceding membership year—a threshold designed for serious high-value users.

Unlike many premium cards, Magnus imposes no cash withdrawal fees, giving you flexibility for emergency liquidity. Fuel transactions between ₹400 and ₹4,000 attract a 1% surcharge waiver capped at ₹400 monthly savings, though some fuel merchants may levy a minimal ₹10 plus GST transaction charge. Foreign currency transactions carry a 2% markup fee, which is competitive within the premium card segment. Extended credit beyond the payment due date incurs 3% monthly interest (36% annually). There are no hidden charges—Axis Bank maintains transparent fee disclosure, making Magnus a straightforward premium proposition for those meeting the spend and income criteria.

Who Should Get This Card?

The Axis Bank Magnus Credit Card is tailor-made for high-net-worth individuals earning ₹24 Lakhs or more annually who regularly spend ₹1.5 Lakhs or more monthly on their credit card. It’s ideal for frequent international travelers who value unlimited lounge access across global airports and want to maximize airline miles through strategic spending. Business professionals with significant corporate or personal expenses, luxury enthusiasts who appreciate premium concierge services, and reward optimizers seeking industry-leading 7% returns on high-ticket purchases will find exceptional value. If you can realistically spend ₹25 Lakhs annually to waive the renewal fee and leverage the accelerated rewards tier, Magnus transforms from an expensive card into a highly rewarding financial tool that pays for itself many times over.

Alternatives & Competitor Comparison

Feature	Axis Magnus Credit Card	Axis Atlas Credit Card
Card Image
Card Network	Visa	Mastercard, Visa
USP	The Axis Bank Magnus Credit Card delivers exceptional travel rewards with up to 7% returns on high monthly spends above ₹1.5 Lakhs, unlimited international lounge access with Priority Pass, and premium lifestyle benefits including a ₹12,500 welcome voucher, making it the ultimate choice for affluent travelers and luxury seekers.	The Axis Atlas Credit Card is a premium travel rewards card designed for frequent flyers and luxury travelers, offering high EDGE miles on airline and hotel bookings, exclusive lounge access, and milestone bonuses for big spenders. Enjoy seamless travel perks, rewarding redemptions, and global acceptance.
Annual Fee	12500 Plus GST	5000 Plus GST
Joining Fee	12500 Plus GST	5000 Plus GST
Welcome Benefits	Welcome voucher worth ₹12,500 (Luxe, Yatra, or Postcard Hotels)	2,500 EDGE miles credited on spending minimum 3 transactions within 37 days of card issuance, which can be redeemed for travel stays and flights worth roughly ₹5,000.
Lounge Access	Domestic: Unlimited | International: Unlimited On spends of ₹50,000 or more in the last 3 months	Domestic: 2 per quarter | International: 1 per quarter
Reward Rate	Earn 12 EDGE reward points per ₹200 spent (up to ₹1.5 Lakhs monthly) equivalent to 2.4% reward rate. Earn 35 EDGE reward points per ₹200 on spends above ₹1.5 Lakhs monthly (7% reward rate), capped at credit limit + ₹1.5 Lakhs. 5X points on Travel EDGE partner bookings.	5 EDGE miles per ₹100 on travel bookings via Axis Bank Travel Edge up to ₹2 lakh monthly and 2 EDGE miles per ₹100 on all other spends.
Interest Rate	3% per month (36% per annum)	3.49% per month (around 42% per annum)
Best For	Lounge Access, Travel	Lounge Access, Travel
Apply Now	Apply Now	Apply Now

Frequently Asked Questions