Axis Bank’s Magnus Credit Card stands out as a highly rewarding credit card for premium and super-premium customers in India.
From exceptional reward rates to unique benefits like airport meet-and-greet services, the Axis Magnus offers a blend of luxury and value.
In this blog, we delve into every feature, benefit, and drawback of this card to help you decide if it’s worth adding to your wallet.
Is the Axis Magnus Credit Card Right for You?
Find out if this card suits your spending habits and lifestyle!
Estimate Your Monthly Rewards
Enter your monthly spend to calculate the rewards you can earn with the Axis Magnus Credit Card!
1. Overview
The Axis Magnus Credit Card is designed for high-spending individuals who value rewards and exclusive privileges. Here’s a snapshot of the card:
| Feature | Details |
|---|---|
| Card Type | Super Premium Credit Card |
| Reward Rate | 1.2% to 12% |
| Annual Fee | ₹12,500 + GST |
| Best For | Axis Burgundy Customers |
| USP | Airport meet-and-greet services |
| Eligibility | High-income individuals |
2. Fees and Charges
| Fee Type | Amount |
| Joining Fee | ₹12,500 + GST |
| Renewal Fee | ₹12,500 + GST |
| Renewal Fee Waiver | On spending ₹25 lakhs annually |
| Welcome Gift | Yatra, Luxe, or PostCard Hotels vouchers worth up to ₹5,000 (for Burgundy customers) |
Important Notes
- Welcome gift vouchers are provided upon completing the first transaction.
- Customers need to claim vouchers via the link sent on SMS after two billing cycles.
3. Card Design and Type
The Axis Magnus Credit Card comes in a sleek metal form factor on the Visa Infinite platform. The design exudes sophistication, making it an attractive addition to your wallet. However, the previously issued plastic Mastercard variant still retains its functionality, so users with older cards need not worry.
4. Rewards Program
The Magnus card offers impressive reward rates, particularly when points are transferred to partner programs. Here’s the breakdown:
| Spend Type | Reward Points (RP) | Reward Rate (Edge Portal) | Reward Rate (Point Transfer) |
| Regular Spend | 12 RP / ₹200 | 1.2% | 2.4% |
| Axis Travel Edge (5X) | 60 RP / ₹200 | 6% | 12% |
Maximizing Rewards
To fully benefit, utilize the points transfer feature. For example:
- Marriott: ~40p/point
- ITC Hotels or Airline Partners: ~80p/point
5. Accelerated Rewards
High spenders can unlock accelerated rewards:
| Monthly Spend | Reward Points (RP) | Effective Reward Rate |
| > ₹1.5L | 35 RP / ₹200 | ~7% |
| > ₹3L | Even higher returns |
Axis Burgundy customers benefit even more with a 5:4 transfer ratio, enhancing the value of accumulated points.
6. Travel Benefits
TravelEdge Transfer Ratio
The transfer ratio for Magnus cardholders varies:
- Default: 5:2
- Burgundy Customers: 5:4 (requires a ₹10L balance in a Burgundy Savings Account).
Note: The superior transfer ratio for Burgundy customers may be revoked anytime.
7. Milestone Rewards (Discontinued from Sep 2023)
Previously, the card offered:
- 25,000 points on monthly spends exceeding ₹1L.
- These points could translate to significant savings, such as two nights at Marriott hotels.
Although discontinued, this feature was a significant draw for high spenders.
8. Airport Lounge Access
| Access Type | Platform | Limit | Guest Access |
| Domestic Lounges | Visa / Mastercard | Unlimited | None |
| International Lounges | Priority Pass | 8/year | Available |
Guest access for international lounges ensures a comfortable travel experience for family members.
9. Airport Meet & Greet Services (Ending April 2024)
Previously, Magnus cardholders enjoyed complimentary VIP assistance at airports, including:
- Fast-track check-in and security
- Immigration assistance
- Porter and buggy services
This unique feature was a standout offering but will be discontinued in 2024.
10. Golf Benefits
Unlike most super-premium cards, Axis Magnus does not offer complimentary golf privileges. However, holders of the older Mastercard variant can access limited golf benefits.
11. Add-On Cards
Getting add-on cards for Magnus can be challenging due to Axis Bank’s inconsistent processing. Even when issued, managing these cards (e.g., PIN changes) can be cumbersome.
12. BookMyShow Offer
| Details | Value |
| Offer | Buy 1 Get 1 Free |
| Valid On | Movies / Non-Movie Bookings |
| Maximum Cap | ₹500 on the second ticket |
| Monthly Limit | 5 bookings |
This feature is particularly valuable in metro cities where ticket prices are higher.
13. Forex Markup Fee
| Category | Effective Rate |
| Non-Burgundy Customers | ~0% (rewards offset fee) |
| Burgundy Customers | ~2.4% profit |
With a 2% markup fee, Burgundy customers can still gain value when redeeming points with transfer partners.
14. Application Process
Applying for the Axis Magnus is simple:
- Online application through the Axis website.
- Approval within a week (subject to eligibility).
Note: No need to open an Axis Savings Account to apply for the card.
15. FAQs
1. Is the Axis Magnus Credit Card worth it after the 2023 devaluation?
Yes, especially for high spenders and Axis Burgundy customers who can leverage the enhanced transfer ratio.
2. What makes the Magnus card unique?
- High reward rates.
- Unlimited lounge access.
- Airport meet-and-greet services (until April 2024).
3. Can I transfer my reward points to travel partners?
Yes, and it is the most value-driven redemption option.
4. Is there a renewal fee waiver?
Yes, the renewal fee is waived for annual spends exceeding ₹25L.
16. Bottom Line
The Axis Magnus Credit Card is one of the best credit cards for high spenders in India. Its exceptional rewards, lounge access, and unique travel benefits make it a top choice for premium users. However, the lack of golf benefits and inconsistent add-on card support may be drawbacks for some.
If you’re a frequent traveler or an Axis Burgundy customer, the Magnus Credit Card offers unparalleled value. Despite recent changes, it remains a must-have for those seeking luxury and high returns on their spending.
Do you hold an Axis Magnus Credit Card? Share your experiences and opinions in the comments below!
