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Welcome Benefits

Cardholders have the option to choose ₹12,500 worth of gift vouchers from popular brands such as Luxe, Postcard Hotels, or Yatra.

Domestic Airport Lounge Access

Unlimited domestic lounge access at select airports across India for primary as well as supplementary cardholders using the Magnus Credit Card. Cardholders would need to spend ₹50,000 in the previous three months to be eligible for free airport lounge access. This criterion is waived for the first three months for new Magnus Credit Cards. Additionally, the following is the list of lounges accessible through the Priority Pass in India-

• Agartala – Primus Lounge
• Allahabad and Prayagraj – Zesto Executive Lounge
• Amritsar – Costa Coffee
• Bhopal – Primus Lounge
• Cochin – Earth Lounge
• Dibrugrah – Primus Lounge
• Guwahati – The Lounge
• Kannur – Pearl Domestic Lounge
• Madurai – Primus Lounge
• Varanasi – Take Off Bar

Did you know that in addition to receiving free visits for primary cardholders, you also get the perk of 4 complimentary visits for your guests each year? It’s a great way to share the benefits and make your friends and family feel extra special!

International Airport Lounge Access

Unlimited complimentary international airport lounge access with Priority Pass membership for the primary cardholders. Along with free visits for primary cardholders, you also get an additional 4 complimentary visits for the guests per year.

Discounts on Oberoi & Trident Hotels

Take advantage of exciting offers on both international and domestic Oberoi properties. Get a discount of 15% on Best Available Rates (BAR) or enjoy a complimentary 3rd-night stay (limited period offer with blackout dates). This offer is only valid for the primary cardholder.

Additionally, subject to room availability, you can get a complimentary room upgrade to the next category. These offers are applicable on both offline and online bookings, i.e., at the hotel property/website. Use code “AXIS15” for online bookings.

Dining Benefits

Enjoy up to 40% off at partner restaurants, up to a maximum of ₹1000 with the Axis Bank Dining Delights program. With the Birthday Offer, get 50% off at partner restaurants, up to ₹3000.

Insurance Benefits

Fuel Surcharge Waiver

1% fuel surcharge waived for transactions between ₹400 and ₹4,000 at all fuel stations across India. The maximum waiver is capped at ₹400 per month.

Spends Based Annual Fee Waiver

The annual membership fee of the card is waived on an expenditure of ₹25 lakhs in the preceding anniversary year. This threshold does not include wallet reload and rent transactions.

Magnus Credit Card Reward Points Earnings

• Earn 12 EDGE Reward Points for every ₹200 on cumulative monthly spending up to ₹1.5 lakh. Further, earn 35 EDGE Reward Points per ₹200 on cumulative monthly spends above ₹1.5 lakh.
• You can earn 60 EDGE Reward Points for every ₹200 spent on the Travel Edge portal, up to cumulative transactions of ₹2 lakh per month. Earn 35 EDGE Reward Points per ₹200 spent on cumulative transactions above ₹2 lakh per month.
• Edge Rewards for rental transactions accrue only up to transactions of ₹50,000 per month and you have to pay rental transaction charges of 1% of the total amount.
• You can get up to 5X Reward Points on purchases from various brands at Axis Bank Grab Deals. A maximum of 5,000 EDGE Reward Points and a maximum cashback of ₹1000 can be earned per customer per month.

After the calendar month is completed, accelerated reward points are credited within 45 days from the evaluation month’s end. Accelerated reward points are calculated as [Eligible Spends = (Total spends in the month – ₹1.5 Lakhs – Spends in the exclusion list – Spends on Travel Edge up to ₹2 Lakhs – Rent payments) x 23 reward points.

The following categories do not earn reward points: Wallet reloads/payments, EMI spends, fuel, insurance, gold, and jewellery, spends on utilities and government institutions, refunded/reversed/canceled transactions, and cash withdrawals.

Reward Point Redemption for Magnus

You can redeem the Axis EDGE REWARDS Points for instant vouchers, gifts, gadgets, fashion accessories, etc. on the Axis EDGE REWARDS redemption portal. 1 Edge Reward = ₹0.20.

You can also Transfer EDGE REWARDS Points earned to Partner Airlines/Hotels Rewards Program including Club ITC, Marriott Bonvoy, Etihad Guest, KrisFlyer, United, Turkish Miles&Smiles, and much more at a ratio of 5:2. The new ratio is applicable from 1st September 2023 based on the new terms and conditions of the Miles Transfer program on the Magnus credit card.

• The EDGE RPs earned by you can be transferred to domestic as well as international partner hotel and airline loyalty program points. The revised transfer ratio is 5:2, where 5 EDGE RPs = 2 Partner Miles/Points
• The total number of reward points you can convert in a calendar year is capped at 5,00,000 RPs for a single Customer ID. In 2023, cardholders can convert 5,00,000 reward points from 1st September to 31st December 2023.
• You can just link one Customer ID to a partner program loyalty membership at a given time. If you want to link another ID, you will first have to delete the existing primary ID and add the new one.
• The cardholder must wait at least 60 days to update their partner program Customer ID at the Travel EDGE portal.

All current partners on the Miles Transfer Program will now be classified into two groups: Group A and Group B. Customers using the Miles Transfer Program for redemption will be allowed to transfer a maximum of 100,000 EDGE REWARD Points in total to Group A partners, and a maximum of 400,000 EDGE REWARD Points in total to Group B partners.

To continue with the Miles Conversion ratio of 5:4 on the Magnus credit card, you will have to maintain the Burgundy Private account relationship and get the Burgundy Private credit card. 

New Magnus Credit Card for Burgundy

Recently, Axis Bank has started taking in applications for the New Magnus Credit Card for Burgundy.  Customers have been notified regarding the same by Axis Bank via email. With the New Axis Bank Magnus Credit Card, you can earn four partner miles/points for every 5 EDGE Reward Points, which is an upgrade from the previous card.

Joining Fees

The joining and renewal fees for the Axis Bank Magnus Burgundy Credit Card are ₹30,000 + GST. Till 31st January 2024, there was no joining fee for the new Magnus Credit Card for Burgundy account holders.

Rewards

The reward structure is the same as the Magnus Credit Card, except with the new card, you can-

• Earn 4 Partner Miles Against 5 EDGE Reward Points,
• Up to 10 Lakh EDGE Reward Points.

How to Apply for the New Axis Bank Magnus Burgundy Credit Card?

Existing Burgundy account holders who fulfill the eligibility criteria for the new Magnus Credit Card can ask for an upgrade on their card by calling 1800 419 0065. Once your consent is given, your new card shall be dispatched.

Popular Credit Cards Comparison With Axis Bank Magnus

When it comes to super-premium credit cards, the Axis Bank Magnus card faces competition from the HDFC Infinia and Diners Club Black Metal Credit Card. However, there are quite a few differences between the three cards, and we will highlight those in the below table.

Axis Bank Magnus Credit Card Fees and Charges

There are several fees and charges associated with a credit card, of which some of the most important ones are as follows:

• The joining and annual fee of the Axis Magnus Credit Card is ₹12,500. The renewal fee of ₹12,500 is waived on spending ₹25 lakhs or more in the previous year.
• The interest rate on this credit card is 3.0% per month (42.58% annually).
• The foreign currency markup fee on this credit card is 2% of the total transaction amount.
• The cash advance fee on the Magnus credit card is zero, i.e., you don’t need to pay any cash withdrawal charges with this card (interest charges are applicable).

Axis Bank Magnus Credit Card Eligibility Criteria

Every credit card has some specific eligibility criteria that need to be fulfilled by the applicants in order to get approved for that particular card. The eligibility requirements for the Magnus Credit Card are as follows:

• Your age must be between 21 years and 70 years for primary cardholders, and above 18 years for add-on cardholders.
• Your annual income must be at least ₹24 lakh (for both salaried and self-employed applicants).
• If you have a credit limit of ₹3 Lakhs or more on an Axis Bank or any other bank credit card, then you are eligible to apply for the Magnus credit card.

How to Apply for the Axis Magnus Credit Card?

You can apply for Axis Bank Magnus credit cards online as well as offline at your convenience. To apply offline, you will have to visit your nearest Axis Bank branch with all the required documents in order for your application to be processed. To apply online, you can proceed as follows:

• Click on the Apply Now button.
• You shall be taken to the official application form.
• Carefully fill in your details.
• Submit your application for the Magnus Credit Card.

Customer Care

For any queries/assistance regarding the credit card, you may dial Axis Bank’s retail phone banking numbers- 1860 419 5555 or 1860 500 5555. To block your card, you may contact the 24×7 helpline at +91 22 67987700.

Axis Bank Magnus Credit Card Review

Even though the annual joining fee for the Axis Bank Magnus credit card is high, it is an excellent option for high-net-worth individuals who prefer a premium lifestyle. It offers great benefits for both domestic and international travel, exclusive dining, low interest rates, and a relatively low foreign currency markup fee.

The card is similar to HDFC’s Infinia and ICICI Emeralde Private Credit Card. One feature that differentiates this card from the other two is the extra medical benefits that it offers. What do you think of this super-premium credit card by Axis Bank? And how does it stack up against the competition from HDFC and ICICI? Please let us know in the comments below. If you’re an existing customer, feel free to share your experience for the benefit of others.