Axis Bank Magnus Credit Card
Experience the extraordinary with the power of Magnus
Annual Fee
₹12,500
Base Rewards
1.2%
Forex Fee
3.5%
Expert Verdict
Once the undisputed king of Indian credit cards, the Magnus has seen significant devaluations in its reward structure and milestone benefits. It remains a strong lifestyle card for airport perks but has lost its edge as a pure reward-earning machine for non-Burgundy customers.
Quick Match
Is this card right for you?
Consider other options
Your Estimated Value
Year 1
+₹7,200
Includes ₹12,500 bonus
Year 2+
₹5,300
Why get this card
Unlimited domestic and international lounge access for primary and add-on members
8 complimentary guest visits per year for international lounges via Priority Pass
5X EDGE Reward points on travel bookings via Axis Travel Edge portal
Complimentary VIP Meet & Greet services (8 times a year) at select Indian airports
Watch out for
Significant devaluation of the monthly milestone benefit (previously 25k points)
High annual fee waiver threshold of ₹25 Lakhs
Reduced transfer ratio for EDGE points to Air Miles (5:2 for standard users)
+1 more considerations
- Exclusion of rent, insurance, and utilities from reward point earnings
Who is this card for?
Best for
high spender
Users who can spend over ₹25 Lakhs annually to waive the high renewal fee.
Min: ₹2,00,000/mo
frequent traveler
Travelers who value unlimited lounge access and VIP airport services.
Min: ₹1,00,000/mo
Skip if you're
low spender
Users spending less than ₹1 Lakh monthly will find the fee hard to justify after devaluations.
Base Earning
12 EDGE Reward Points
per ₹200 spent
1.2%
effective rate
Point value: ₹0.20/point
Bonus Categories
Travel Edge - TRAVEL
5×
6% return
Welcome Offer
Choice of one voucher: Luxe Gift Card OR The Postcard Hotels Gift Voucher OR Yatra Voucher worth ₹12,500 upon payment of joining fee.
₹12,500
value
within 30 days
Milestones
Spend ₹25.0L
Annual fee waiver on spending ₹25 Lakhs in the preceding card year.
No rewards on:
Fuel, rent payments, utility bills, government payments, wallet loads, insurance premiums, EMI transactions
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Upgrade Path
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