Welcome benefit
₹12,500Eligible new cardholders can choose a welcome voucher worth ₹12,500 from the current Axis selection, subject to joining-fee payment and programme conditions.
Axis Bank
Axis Bank Magnus Credit Card
A super-premium Axis card combining high-spend rewards with extensive airport lounge access.
MastercardRuPaySuper PremiumTravelRewards
Best forHigh spenders and frequent travellers who can cross Magnus reward thresholds and use airline/hotel transfer partners.
- Annual fee
- ₹12,500Waived at ₹25 lakh annual spend
- Base rewards
- 12 EDGE Reward Points / ₹200
- Forex markup
- 2%
- Lounge access
- Available
Credofly Verdict
Is this card a good fit?
Magnus becomes much more rewarding once eligible monthly spending crosses its accelerated threshold, while its lounge package remains a major travel advantage. The ₹12,500 fee and ₹25 lakh waiver threshold make it unsuitable for casual spenders, and users should understand the transfer and category restrictions before committing.
What works well
- Accelerated rewards for high monthly spending
- Strong Travel EDGE earning
- Unlimited domestic and international lounge access
- International lounge guest allowance
- 2% forex markup
Consider before applying
- ₹12,500 annual fee
- Very high ₹25 lakh fee-waiver threshold
- Domestic lounge access has a spend condition
- Reward transfer rules and limits add complexity
- Several categories are excluded from rewards
Rewards
How rewards work
- Reward type
- Reward Points
- Reward currency
- EDGE Reward Points
- Base earn
- 12 EDGE Reward Points per ₹200
Key limits & thresholds
- Earn 12 EDGE Reward Points per ₹200 on eligible monthly spends up to the applicable ₹1.5 lakh threshold.
- Earn 35 EDGE Reward Points per ₹200 on eligible incremental monthly spends above ₹1.5 lakh, subject to current limits.
- Eligible Travel EDGE spends can earn 60 EDGE Reward Points per ₹200 up to the applicable monthly threshold, followed by the prevailing higher-spend rate.
Base rewards
Earn 12 EDGE Reward Points per ₹200 on eligible monthly spends up to the applicable ₹1.5 lakh threshold.
Accelerated rewards
Earn 35 EDGE Reward Points per ₹200 on eligible incremental monthly spends above ₹1.5 lakh, subject to current limits. Eligible Travel EDGE spends can earn 60 EDGE Reward Points per ₹200 up to the applicable monthly threshold, followed by the prevailing higher-spend rate.
Redeeming rewards
EDGE Reward Points can be redeemed through the Axis rewards ecosystem. Transfer to eligible airline/hotel partners is generally available at the prevailing conversion ratio; current Magnus partner conversion is subject to Axis limits and programme rules.
Reward exclusions
FuelWallet LoadUtilitiesInsuranceGovernment / TaxEMI TransactionsCash AdvanceDigital Gold / JewelleryOther
Current exclusions/restrictions include specified wallet, gift-card, government, utilities/telecom, insurance, fuel, gold/jewellery and toll/road transactions. Rent has separate reward limits rather than being treated as a universal exclusion.
Benefits
Travel and lifestyle privileges
Domestic lounge access
Unlimited eligible domestic airport lounge visits, currently subject to ₹50,000 card spend in the previous three calendar months. The spend criterion is waived for the initial eligibility period for newly issued cards.
International lounge access
Unlimited eligible international Priority Pass lounge visits for the primary cardholder plus up to 4 eligible guest visits per year under current terms.
Other benefits
DiningInsuranceAirport ServicesFuel Surcharge Waiver
- 1% fuel surcharge waiver on eligible fuel transactions, subject to current caps.
Fees & Charges
What the card costs
- Joining fee
- ₹12,500
- Annual fee
- ₹12,500
- Forex markup
- 2%
- Annual-fee waiver spend
- ₹25 lakh
Annual-fee waiver
Annual fee is waived on eligible annual spends of ₹25 lakh, subject to Axis Bank's current spend-exclusion rules.
Other charges
- Finance charges: 3% per month on extended credit
- Cash withdrawal fee: Nil
- Rent transaction fee: 1%, subject to the current maximum charge
Eligibility & Application
Before you apply
- Application channel
- Online
- Minimum salaried income
- ₹24 lakh / year
- Minimum self-employed income / ITR
- ₹24 lakh / year
- Age
- 18–70 years
Resident Indian aged 18–70. Axis currently specifies net annual salary of ₹24 lakh or net annual ITR of ₹24 lakh for the applicable applicant profiles, subject to the bank's final credit assessment.
Check eligibility ↗Credofly Review
The detailed view
Magnus is designed for users whose spending is high enough to move beyond its base reward tier. Once that happens, the incremental earn rate and Travel EDGE accelerators can make the card considerably more rewarding, particularly for users who transfer EDGE points into travel programmes.
The travel package remains strong, but this is no longer a card that makes sense simply because of its brand positioning. The annual fee is substantial, the waiver threshold is very high and domestic lounge eligibility now depends on prior spending.
Frequently Asked Questions
Answers before applying
What is the annual fee for Axis Bank Magnus Credit Card?
The annual fee is ₹12,500.
Can the annual fee be waived?
Yes. The annual fee can be waived on annual spending of ₹25 lakh.
What forex markup does this card charge?
The forex markup is 2%.
How does this card earn rewards?
Earn 12 EDGE Reward Points per ₹200 on eligible monthly spends up to the applicable ₹1.5 lakh threshold. Earn 35 EDGE Reward Points per ₹200 on eligible incremental monthly spends above ₹1.5 lakh, subject to current limits. Eligible Travel EDGE spends can earn 60 EDGE Reward Points per ₹200 up to the applicable monthly threshold, followed by the…
Does this card include airport lounge access?
Domestic lounge access is included. International lounge access is included.
Does this card support UPI?
Yes. This card supports UPI.
Who can apply for this card?
Resident Indian aged 18–70. Axis currently specifies net annual salary of ₹24 lakh or net annual ITR of ₹24 lakh for the applicable applicant profiles, subject to the bank's final credit assessment.
Is this card currently open for applications?
Applications are currently open.
