Axis Magnus Credit Card Review
Travel card
The Axis Magnus has a ₹12,500 annual fee + GST, waived on ₹25,00,000 annual spend. It earns 1.2% back on regular spends and up to 6% on travel edge, with unlimited domestic + unlimited international airport lounge visits a year. Best for: ultra-high spenders and premium travellers — our verdict: recommended.
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Axis Magnus is a high-end travel and lifestyle card with unlimited lounges, a strong 25,000-point monthly milestone, 5x travel earning and a low 2% forex markup. It rewards very high spenders who hit Rs. 1 lakh/month and use the premium perks, but the Rs. 12,500 fee, Rs. 25 lakh waiver bar and long exclusion list make it unsuitable for moderate spenders.
Travel card
The Bottom Line
The Magnus Credit Card is built for ultra-high spender and premium frequent traveller. With a ₹12,500 annual fee that is waived on ₹25,00,000 yearly spend, it offers 3.5% rewards on other and a welcome benefit worth ₹12,500. It makes the most sense if your spending matches ultra-high spender and premium frequent traveller.
It earns a base reward rate of 1.2% and stacks best when your spending lines up with Ultra-high spender, Premium frequent traveller. The renewal fee gets easier to justify once you can hit ₹25,00,000 in yearly spend.
Who Should Get This Card
Use this as a quick filter before comparing rewards or fees in detail.
Best fit for
IdealSomeone spending Rs. 1 lakh+ a month to bank the 25,000-point monthly milestone and approach the Rs. 25 lakh fee waiver, while using unlimited lounges.
A traveller who exploits unlimited domestic and international lounges, 5x TRAVEL EDGE earning and the 2% forex markup.
Probably not for
SkipWithout Rs. 1 lakh monthly and Rs. 25 lakh annual spends, the Rs. 12,500 fee and excluded categories make the card hard to justify.
Utilities, rent, fuel and insurance earn nothing, so non-discretionary spend is unrewarded.
Is It Worth It For You?
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Reward Rates
Magnus Credit Card offers 1.2% basic reward rate.
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Welcome Offer
Choice of one voucher worth Rs 12,500: Luxe Gift Card, The Postcard Hotels gift voucher, or Yatra travel voucher. Requires making the first transaction on the card within 30 days of card activation; selection is final and cannot be changed.
Milestone Benefits
Annual fee of Rs 12,500 + GST waived on cumulative spend of Rs 25,00,000 in the preceding card-anniversary year. Rental, Wallet, Priority Pass, EMI, Government Institution, Utility, Telecom, Insurance and Gold/Jewellery spends do not count toward this threshold.
Fees & Charges
Eligibility
- Min Income: ₹24 Lakhs
- Min Credit Score: 750
- Age 18-70; min annual income ₹24L (salaried/SE) OR existing credit card limit ₹3L+ from any bank; CIBIL 750+.
Exclusions & Terms
Forex markup
- Foreign currency markup
EMI Conversion
- EDGE Reward Points are debited for transactions converted to EMI; points are not credited back if the EMI is later cancelled.
Cash Advance/Withdrawal
- No EDGE Reward Points earned on cash advances/ATM withdrawals (no cash-advance fee, but standard 3% monthly interest applies from date of withdrawal).
Priority Pass Membership Fee
- Priority Pass fee spends do not earn EDGE Reward Points and are also excluded from the annual-fee-waiver spend threshold.
Fees and Charges
- Card fees and charges do not count toward base or accelerated reward-earning thresholds.
Frequently Asked Questions
8 data-backed answers from our card database
Ready to apply?
₹12,500 annual fee. Apply on the Axis Bank website.
Apply on Axis Bank →We may earn a commission if you apply through this link. It never affects our ratings.
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