Axis Bank Magnus Credit Card
- Best For: Travel
- Unlimited lounge visits globally
- Get Rs 12,500 Welcome Voucher
- Get Upto 15% off on International & Domestic
- Earn 12 Edge Reward Points
- Also, earn 5X Reward Points
- Save upto 30% at over 4,000 Restaurants
- Enjoy a 1% Fuel Surcharge waiver
The Axis Bank Magnus Credit Card is a premium credit card designed for people who spend a lot and enjoy luxury benefits. It offers many rewards and special services, especially for those who travel often, eat out regularly, or shop online. This card gives a high welcome benefit, monthly vouchers, and unlimited airport lounge access, which makes it one of the best high-end credit cards in India.
When you get the Magnus Card, you can receive welcome vouchers worth ₹25,000 if you spend ₹1 lakh in the first 30 days. Every month, if you spend ₹1.5 lakh or more, you also get vouchers worth ₹10,000. These can be used on platforms like Amazon, Tata CLiQ, or travel sites. You also get unlimited free access to airport lounges, both in India and abroad, which is a great benefit for frequent flyers.
This card also gives discounts on dining, travel bookings, and earns reward points on most of your spending. However, it comes with a high annual fee of ₹12,500, which is only useful if you spend a large amount every year. Overall, the Axis Magnus Credit Card is perfect for high spenders who want luxury, rewards, and travel benefits in one card.
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- Unlimited lounge visits globally with Priority Pass, including 4 guest visits annually and unlimited domestic lounge access
- Get Rs 12,500 Welcome Voucher from Luxe Gift Cards, The Postcard Hotels, or Yatra upon card activation (Select Any one)
- Get Upto 15% off on International & Domestic stays at Oberoi & Trident Hotels
- Earn 12 Edge Reward Points per Rs 200 on spends upto Rs 1.5 lakh, and 35 Edge Reward Points per Rs 200 on incremental spends above Rs 1.5 lakh
- Also, earn 5X Reward Points on all spends via Travel Edge
- Save upto 30% at over 4,000 Restaurants across India through Axis Bank’s Dining Delights program (upto Rs 1000)
- Enjoy a 1% Fuel Surcharge waiver on transactions between Rs 400 and Rs 4,000 (capped at Rs 400 per month)
Fees & charges
- Joining Fees: Rs 12,500 + GST
- Annual Fees: Rs 12,500 + GST
- Annual Fee Waiver: On spending Rs 25,00,000 or more in a year
Pros
- No cash withdrawal charges.
- Low Foreign Transaction charges when compared to other cards.
- It offers 24×7 card assistance.
- Healthcare packages with SRL diagnostics, Dr. Lal PathLab and Metropolis.
- Expert medical opinion from world class specialists.
Cons
- A high joining fee of ₹12,500 may limit accessibility for some.
- Obtaining add-on cards can be cumbersome but improvements are underway.
- No reward points on wallet, rent and EMI transactions.
- 25,000 EDGE Reward Points on monthly spends of ₹1 lakh is discontinued.
- High annual fee waiver of ₹25 lakh
Fees & charges
- Joining Fees: Rs 12,500 + GST
- Annual Fees: Rs 12,500 + GST
- Annual Fee Waiver: On spending Rs 25,00,000 or more in a year
Conclusion
The Axis Bank Magnus Credit Card is a great choice for people who spend a lot every month and want luxury benefits. It offers big rewards like welcome vouchers, monthly gift cards, free airport lounge access, and discounts on travel and dining. If you travel often or enjoy premium services, this card can give you good value.
However, the high annual fee means it is not the best option for people who spend less. To make the most of this card, you should spend at least ₹1.5 lakh every month. In short, the Magnus card is best for high spenders who want a premium lifestyle with travel and shopping benefits.
Eligibility Criteria
- Required Age: 21-65 years
- Employment Status: Salaried or Self-employed
- Salaried Income: Rs 1,50,000/monthly
- Self Employed: ITR > Rs 18,00,000/annum
- Cibil Score: 735+
- New to Credit not allowed
Documents Needed
- ID Proof: PAN Card/Form 60
- Address Proof: Aadhaar, Passport, or utility bills
- Income Proof: Bank statements or Salary slips
- Photograph: Recent passport-sized photo
Frequently Asked Questions
1. Are there any travel benefits on Axis Bank Magnus Credit Card?
Yes. You get unlimited free access to domestic and international airport lounges. You also get discounts on flight and hotel bookings through the Axis Bank Travel Edge platform.
2. Can I withdraw money from Axis Bank Magnus Credit Card?
Yes. You can withdraw cash using your credit card at ATMs. But please note, interest is charged from the day of withdrawal, and there may be extra fees as well.
3. What is the annual fee of Axis Bank Magnus Credit Card?
The annual fee is ₹12,500 + GST. This fee is waived off if you spend ₹25 lakh or more in a year.
4. What is the rate of interest on the Axis Bank Magnus Credit Card?
The interest rate on this card is usually around 3.6% per month (or 43.2% per year), but it may vary based on your usage and payments. It is best to pay your bills on time to avoid interest.
5. What is the process to apply for Axis Bank Magnus Credit Card?
You can apply online through the Axis Bank website or visit a nearby Axis Bank branch. You will need to provide your PAN card, Aadhaar card, income proof, and address proof. Axis Bank will check your credit score and income before approving.
6. What is Axis Magnus Credit Card?
The Axis Magnus Credit Card is a premium credit card that gives high-value rewards, travel benefits, and lifestyle offers. It is best for people who spend a lot every month and want luxury perks like lounge access, vouchers, and dining discounts.
