Elevate your lifestyle with premium rewards and exclusive privileges designed for discerning spenders
Earn up to 25 EDGE Miles per ₹200 on qualifying spends with Magnus for Burgundy
Complimentary airport lounge access and golf privileges across India
₹10,000 Tata CLiQ voucher upon card activation
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| Benefit | Details |
|---|---|
| Premium Rewards Programme | Earn 12 EDGE Miles per ₹200 on most spends (6% value). Travel bookings earn 15 EDGE Miles per ₹200. Magnus for Burgundy members enjoy 25 EDGE Miles per ₹200 on spends beyond ₹1.5 lakhs monthly. |
| Welcome Benefits | Receive ₹10,000 Tata CLiQ voucher upon making your first transaction within 30 days of card activation. |
| Unlimited Lounge Access | Complimentary domestic and international airport lounge access for primary and add-on cardholders through Priority Pass and participating lounge networks. |
| Marriott Bonvoy Gold Elite | Complimentary Marriott Bonvoy Gold Elite status offering room upgrades, late checkout, and bonus points on stays at Marriott properties worldwide. |
| Golf Privileges | Eight complimentary golf rounds or lessons annually at select clubs across India, providing flexibility for enthusiasts and beginners alike. |
| ITC Hotels Benefits | Special privileges at ITC Hotels including room upgrades, dining discounts, and preferential rates across their luxury properties. |
| Milestone Benefits | Accelerated earning rates kick in when monthly spends exceed ₹1.5 lakhs (Magnus for Burgundy variant), rewarding consistent high spending. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Axis Bank |
| Bank / Non-bank | Bank-affiliated |
| Category | Premium Travel / Lifestyle |
| Type of Card | Premium Credit Card (Available in Standard Magnus and Magnus for Burgundy variants) |
| Free or Paid | ₹10,000 + GST Annually (Waived on ₹1.5 lakh annual spends, subject to exclusions from September 2023) |
The Axis Bank Magnus Credit Card is tailored for affluent individuals who seek premium travel benefits and lifestyle privileges whilst maintaining substantial monthly spending. With its attractive base reward rate of 6% value through EDGE Miles, complementary luxury hotel status, and comprehensive travel benefits, this card appeals particularly to frequent travellers and those with Axis Bank Burgundy relationships. The Magnus for Burgundy variant offers exceptional value with accelerated rewards of up to 12.5% on qualifying spends beyond ₹1.5 lakhs monthly, making it one of India's most rewarding cards for high spenders who can navigate the programme's spending thresholds and category exclusions.
Competitive Base Rewards: The Magnus card delivers 12 EDGE Miles per ₹200 spent on most purchases, translating to a solid 6% return when miles are transferred to partner programmes at the standard 1:4 ratio. Travel bookings through Axis Travel Edge earn an enhanced 15 EDGE Miles per ₹200, providing 7.5% returns.
Burgundy Acceleration: Magnus for Burgundy cardholders unlock significantly enhanced rewards once monthly spends exceed ₹1.5 lakhs. Qualifying transactions earn 25 EDGE Miles per ₹200, delivering an impressive 12.5% value. This threshold-based acceleration makes the card exceptionally rewarding for consistent high spenders.
Marriott Bonvoy Gold Elite Status: Cardholders receive complimentary Marriott Bonvoy Gold Elite membership, providing room upgrades (subject to availability), 25% bonus points on eligible stays, late checkout until 2 PM, and enhanced in-room amenities at over 8,000 Marriott properties worldwide.
Welcome Voucher: New cardholders receive a ₹10,000 Tata CLiQ voucher upon making their first transaction within 30 days of activation, offering flexibility to shop across electronics, fashion, and lifestyle categories.
Comprehensive Airport Benefits: The card provides unlimited domestic and international airport lounge access through Priority Pass for both primary and add-on cardholders, ensuring comfortable travel experiences across India and worldwide.
Golf Programme: Enjoy eight complimentary golf rounds or lessons per year at participating clubs across India. These can be flexibly used as either rounds or lessons, catering to both experienced golfers and those learning the sport.
ITC Hotels Partnership: Access exclusive benefits at ITC Hotels including preferential room rates, dining privileges, and spa discounts at their premium properties across India.
Entertainment Privileges: Receive BookMyShow vouchers periodically and enjoy dining benefits at premium restaurants through partnerships with leading dining programmes.
Annual Fee Waiver: The ₹10,000 + GST annual fee is waived upon spending ₹1.5 lakhs in the previous year, though significant category exclusions apply (rent, utilities, insurance, education, wallet loads, jewellery, and fuel have been excluded from September 2023).
Travel Insurance: Comprehensive coverage including air accident insurance, lost baggage protection, and purchase protection for items bought using the card.
Base Earning Rate: Earn 12 EDGE Miles for every ₹200 spent on eligible domestic and international purchases. When transferred to airline or hotel partners at the 1:4 ratio, this provides an effective 6% return.
Travel Bookings: Enhanced earning of 15 EDGE Miles per ₹200 on flight and hotel bookings made through Axis Travel Edge platform, delivering 7.5% returns after partner transfers.
Magnus for Burgundy Acceleration: Cardholders with Axis Bank Burgundy or Burgundy Private accounts unlock accelerated rewards. Once monthly spends exceed ₹1.5 lakhs on eligible categories, subsequent qualifying transactions earn 25 EDGE Miles per ₹200, providing exceptional 12.5% value.
Milestone Structure: The Magnus for Burgundy variant operates on a monthly spending threshold model. Spends below ₹1.5 lakhs earn the base rate, whilst qualifying spends beyond this threshold during the same billing cycle receive the accelerated rate.
Minimum Redemption: A minimum of 500 EDGE Miles is required to begin redeeming or transferring points.
Transfer Partners: Each EDGE Mile converts to 4 partner points when transferred to participating airline or hotel loyalty programmes, significantly enhancing redemption value compared to direct catalogue redemptions.
Annual Transfer Cap: Maximum of 7.5 lakh EDGE Miles can be transferred per calendar year per customer ID across all Axis Bank credit cards.
Travel EDGE Platform: Access the dedicated Axis Travel Edge portal where EDGE Miles can be redeemed directly for flight and hotel bookings or transferred to partner loyalty programmes at the preferential 1:4 conversion ratio.
Partner Transfers: Transfer accumulated miles to over 15 airline and hotel loyalty programmes including major Indian carriers and international hotel chains. The 1:4 ratio ensures maximum value extraction, making this the preferred redemption method for maximising returns.
Rewards Catalogue: Alternatively, redeem EDGE Miles through the Axis Bank Rewards Catalogue for products, electronics, lifestyle merchandise, gift vouchers, and other items, though typically at lower value compared to travel transfers.
Miles Validity: EDGE Miles generally remain valid for an extended period, allowing strategic accumulation for high-value redemptions and transfers.
Tata CLiQ Voucher: Receive a ₹10,000 Tata CLiQ e-voucher upon making your first transaction within 30 days of card activation. The voucher can be used across Tata CLiQ's extensive catalogue including electronics, fashion, home appliances, and lifestyle products.
Activation Requirement: The welcome benefit is credited only after completing at least one eligible transaction on the card within the specified 30-day window from activation.
Waiver Condition: The ₹10,000 + GST annual fee is waived if you spend ₹1.5 lakhs or more in the previous membership year on eligible categories.
Exclusions from September 2023: Significant categories have been excluded from fee waiver calculations including rent payments, utilities, insurance premiums, education fees, wallet loads, gold and jewellery purchases, and fuel transactions. These exclusions substantially impact the effective spend required for fee waiver.
No Waiver on First Year: The first year's annual fee must be paid regardless of spending, with the waiver benefit applying from the second year onwards based on previous year's eligible spends.
Unlimited Domestic Access: Primary and add-on cardholders enjoy unlimited complimentary access to domestic airport lounges across major Indian airports through the Visa/Mastercard lounge programme.
Unlimited International Access: Complimentary Priority Pass membership provides unlimited international lounge access for primary and add-on cardholders at over 1,300 lounges worldwide.
Guest Access: Whilst primary access is unlimited, guest visits may be subject to charges depending on the lounge network and card variant.
Automatic Enrollment: All Magnus cardholders receive complimentary Marriott Bonvoy Gold Elite status, typically requiring 25 nights' stay or significant spending to achieve organically.
Room Upgrades: Enjoy room upgrades to enhanced rooms (subject to availability at check-in) at participating Marriott, Sheraton, Westin, W Hotels, and other portfolio properties.
Bonus Points: Earn 25% bonus points on eligible room rates and other qualifying purchases at Marriott Bonvoy hotels worldwide.
Late Checkout: Request late checkout until 2 PM at participating properties, subject to availability.
Elite Benefits: Access other Gold Elite perks including enhanced in-room amenities, preferred room selection, and dedicated customer service.
Annual Requirement: Marriott Bonvoy Gold Elite status is typically provided on an annual basis and may require re-enrollment or meeting specific criteria for renewal.
Annual Entitlement: Receive eight complimentary golf rounds or lessons per year at select golf clubs across major Indian cities. The eight sessions provide flexibility to use them as either rounds of golf or professional lessons.
Participating Clubs: Access the golf programme at participating clubs in Delhi NCR, Mumbai, Bangalore, Chennai, Hyderabad, Pune, and other major metropolitan areas.
Booking Process: Schedule golf sessions through the Axis Extraordinary Weekends portal or via the dedicated customer service helpline.
Validity: Golf privileges are typically valid for one membership year and reset annually upon card renewal.
Preferred Guest Programme: Access special benefits at ITC Hotels including preferential room rates, priority check-in, dining discounts at ITC restaurants, and spa privileges.
Culinaire Membership: Depending on the card variant and current promotions, cardholders may receive complimentary or discounted ITC Culinaire membership providing dining benefits across ITC properties.
Room Upgrades: Subject to availability, enjoy room category upgrades at participating ITC Hotels across India.
BookMyShow Vouchers: Receive BookMyShow vouchers on a quarterly or periodic basis, allowing you to book movie tickets and event passes at reduced costs.
Dining Privileges: Access exclusive dining offers at premium restaurants through Axis Dining Delights programme and partner dining networks, providing savings on bills at upscale establishments.
Event Access: Occasional access to exclusive events, concerts, and experiences through Axis Bank's partnership programmes.
Waiver Details: 1% fuel surcharge is waived on fuel transactions at authorised petrol pumps across India, subject to minimum and maximum transaction limits as per bank policy.
Note on Rewards: Fuel purchases are excluded from earning EDGE Miles from September 2023 onwards on the Magnus card.
24/7 Assistance: Access dedicated concierge services round the clock for travel bookings, restaurant reservations, gift sourcing, event ticketing, and lifestyle assistance.
Premium Support: Personalised service for complex travel itineraries, hard-to-secure restaurant bookings, and exclusive event access.
Air Accident Cover: Substantial coverage for air travel-related accidents when tickets are purchased using the Magnus card.
Purchase Protection: Coverage against theft or accidental damage of items purchased using the card within a specified period.
Lost Card Liability: Protection against unauthorised transactions following card loss or theft, subject to timely reporting.
Travel Insurance: Depending on the variant, additional travel-related insurance benefits may be available including lost baggage coverage.
EDGE Miles are not earned on the following transaction categories (exclusions expanded significantly from September 2023):
Rent payments
Wallet loads and reloads
Government institution payments
EMI conversions and loan payments
Cash withdrawals and cash advances
Fuel purchases
Insurance premium payments
Jewellery and gold purchases
Education fee payments
Utility bill payments (water, electricity, gas, broadband, mobile recharges)
Card fees and charges
Transaction reversals and refunds
Any other category specified by Axis Bank from time to time
Important Note: The extensive exclusion list, particularly following September 2023 changes, is a notable limitation compared to cards like HDFC Infinia which include utilities, insurance, and education in their rewards programmes. These exclusions also impact annual fee waiver eligibility.
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice. Exclusion categories and earning structures have been significantly revised from September 2023 onwards.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹10,000 + GST (~₹11,800) | One-time charge when the card is issued. |
| Annual Fee | ₹10,000 + GST (~₹11,800) | Charged every year. Waived on ₹1.5 lakh spends in the previous year on eligible categories (significant exclusions apply from September 2023). |
| Add-on Card Fee | Complimentary for up to 3 add-on cards | No additional charge for the first three add-on cards. |
| Interest Rate (APR) | 1.5% to 3.49% per month (18% to 41.88% annually) | Applicable on outstanding balances after the due date. |
| Foreign Currency Markup | 2% + GST (~2.36%) | Standard markup on foreign currency transactions. |
| Cash Withdrawal Fee | 2.5% of cash amount (Minimum ₹500) | Applicable on cash withdrawals from ATMs or banks. |
| Cash Advance Limit | As per bank's policy | Maximum cash withdrawal permitted based on credit limit. |
| Late Payment Fee | Up to ₹1,300 based on outstanding amount | Charged when minimum amount due is not paid by the due date. Scales with outstanding balance. |
| Over-limit Penalty | 2.5% of over-limit amount (Minimum ₹500) | Charged when spending exceeds sanctioned credit limit. |
| Cheque Return/Dishonour Fee | 2% of payment amount (Minimum ₹500) | Charged when payment cheque bounces or auto-debit instruction fails. |
| Duplicate Statement Charges | ₹100 per statement | Charged for requesting duplicate physical statements. |
| EDGE Miles Redemption Fee | ₹99 per redemption transaction | Fee for redeeming points through the rewards catalogue. Waived on certain redemptions. |
| EDGE Miles Transfer Fee | ₹199 per transfer transaction | Applicable when transferring miles to airline or hotel partner loyalty programmes. |
| Rent Transaction Fee | 1% surcharge with no cap | Applicable on rent payments made through the card. |
| Wallet Load Fee | 1% fee on wallet loads exceeding ₹10,000 in a billing period | Charged for loading digital wallets beyond the specified threshold. |
| Goods & Services Tax (GST) | 18% on most fees and charges | Applicable on annual fee, other charges, and foreign currency markup. |
| Criteria | Details |
|---|---|
Age | Primary cardholder should be between 21 and 60 years of age |
Existing Customer | Available to both existing Axis Bank customers and new applicants. Magnus for Burgundy variant requires Axis Bank Burgundy or Burgundy Private banking relationship. |
Citizenship | Must be a Resident of India |
Credit Score | Excellent CIBIL score (ideally 750-900) required due to premium card positioning |
Income | High annual income required (typically ₹18-20 lakhs+ for salaried; higher for self-employed) |
Banking Relationship | Standard Magnus: Available to eligible applicants. Magnus for Burgundy: Requires active Axis Bank Burgundy or Burgundy Private account. |
| Document Type | Details |
|---|---|
| Identity Proof | Any one of the following: Aadhaar Card, PAN Card, Passport, Driving Licence, Voter ID Card |
| Address/Residence Proof | Any one of the following: Aadhaar Card, Passport, Driving Licence, Voter ID Card, Recent Utility Bill (within 3 months), Bank Statement |
| Income Proof | Latest salary slips (last 3 months) / Bank statements (last 6 months) / Form 16 / Income Tax return copy (last 2 years) / Audited financial statements (for self-employed) |
| PAN Card | Mandatory for credit card issuance as per RBI regulations |
| Photograph | Recent passport-size photographs |
| Business Proof (Self-employed) | Business registration documents, GST registration, shop establishment certificate |
Step 1: Click on Apply Now: Hit the 'Apply Now' button to initiate your application process.
Step 2: Fill in Your Details: Enter your personal information including name, date of birth, contact details, employment information, and financial particulars in the online application form.
Step 3: Upload Required Documents: Upload scanned copies of your PAN Card, Aadhaar/Address Proof, Income Proof, recent photograph, and any additional documents requested.
Step 4: Submit Your Application: Carefully review all the details you've entered for accuracy, ensure all mandatory fields are completed, and click the Submit button.
Step 5: Approval & Card Delivery: Once your application is approved after verification of documents and credit assessment, your Axis Bank Magnus Credit Card will be dispatched to your registered address within 7-10 working days.
| Usage Tips | Details |
|---|---|
Target Monthly Spending Thresholds | If you have Magnus for Burgundy, strategically time large purchases to exceed the ₹1.5 lakh monthly threshold to unlock the accelerated 25 EDGE Miles per ₹200 earning rate. |
Prioritise Eligible Categories | Focus spending on categories that earn EDGE Miles. Avoid excluded categories (rent, utilities, insurance, education, fuel, wallets) as they neither earn rewards nor count towards fee waiver from September 2023. |
Book Travel Through Travel Edge | Make flight and hotel bookings via Axis Travel Edge platform to earn the enhanced 15 EDGE Miles per ₹200 rate instead of the base 12 EDGE Miles. |
Utilise Welcome Voucher Promptly | Make your first transaction within 30 days of activation to receive the ₹10,000 Tata CLiQ voucher. Check voucher validity and use it before expiration. |
Activate Marriott Bonvoy Status | Register your complimentary Marriott Bonvoy Gold Elite status and link it to your Marriott account. Use it for room upgrades, bonus points, and late checkout benefits. |
Schedule Golf Sessions | Plan your eight complimentary golf rounds or lessons throughout the year at participating clubs. Book in advance, especially during peak seasons. |
Track EDGE Miles Accumulation | Regularly monitor your EDGE Miles balance to plan strategic transfers to airline or hotel partners when you've accumulated sufficient points for high-value redemptions. |
Transfer Miles Strategically | Transfer EDGE Miles to partner loyalty programmes at the 1:4 ratio for maximum value. Time transfers to coincide with planned travel or promotional bonus offers from partners. |
Use Priority Pass Internationally | Activate and carry your Priority Pass card for unlimited international lounge access when travelling abroad. Download the Priority Pass app to locate participating lounges. |
Leverage ITC Hotel Benefits | When booking stays at ITC Hotels, ensure you're receiving applicable cardholder benefits including preferential rates, room upgrades, and dining privileges. |
Monitor Monthly Spend | Keep track of your spending against the ₹1.5 lakh annual threshold required for fee waiver, remembering that many categories are now excluded from this calculation. |
Pay in Full Monthly | Always clear your entire statement balance by the due date to avoid interest charges of up to 41.88% annually and maintain your excellent credit score. |
Use Concierge Services | Take advantage of the 24/7 concierge for complex travel planning, difficult restaurant reservations, or securing tickets to popular events. |
Plan Annual Spending | Calculate whether you'll meet the ₹1.5 lakh eligible spend threshold for annual fee waiver, factoring in the extensive exclusion categories that don't count. |
Maximise First Year Usage | Since the first year's fee isn't waived, ensure you maximise all benefits including lounge access, golf privileges, Marriott status, and entertainment offers to justify the cost. |
The Axis Bank Magnus Credit Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.
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