India's most rewarding super-premium credit card for high net-worth individuals
Up to 24% value-back on travel via partner transfers
Up to 50 days interest-free
Annual fee waived on ₹30,00,000 spends
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| Benefit | Details |
|---|---|
| Exceptional Reward Rates | Earn up to 35 EDGE Reward Points per ₹200 on monthly spends above ₹1.5 Lakh (17.5% base rate), delivering industry-leading value-back of up to 24% on travel and 14% on non-travel when transferred to partner airlines/hotels at 5:4 ratio. |
| Superior Transfer Ratio | Transfer EDGE Reward Points to 20+ airline frequent flyer programmes and hotel loyalty programmes at an excellent 5:4 ratio—double the value of regular Magnus card's 5:2 ratio—with annual redemption cap of 10 Lakh points. |
| Premium Lounge Access | Enjoy unlimited complimentary domestic and international airport lounge visits via Priority Pass, plus 4 complimentary guest visits annually, providing exceptional travel comfort for both cardholder and companions. |
| Ultra-Low Forex Markup | Pay only 2% foreign currency markup on international transactions—significantly lower than the industry standard of 3.5%—making this card exceptionally economical for international travellers and foreign currency spends. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Axis Bank |
| Bank / Non-bank | Bank-affiliated |
| Category | Super-Premium Travel & Rewards |
| Type of Card | Mastercard Metal Credit Card |
| Free or Paid | ₹30,000 + GST Annually (waived on spends of ₹30,00,000 in previous year) |
The Axis Bank Magnus for Burgundy Credit Card is the ultimate choice for high net-worth individuals and frequent travellers seeking India's most rewarding super-premium credit card with exceptional value-back on every rupee spent. Exclusively available to Axis Bank Burgundy customers, this prestigious metal card delivers unparalleled returns through its accelerated reward structure—earning up to 35 EDGE Points per ₹200 on monthly spends exceeding ₹1.5 Lakh—combined with the industry's best transfer ratio of 5:4 to 20+ airline and hotel loyalty programmes. With potential value-back reaching 24% on travel bookings and 14% on general spends when points are transferred to partners like Vistara, InterMiles, ITC Hotels, Marriott Bonvoy, and Accor Live Limitless, the Magnus for Burgundy transforms everyday expenditure into luxurious travel experiences. Beyond extraordinary rewards, cardholders enjoy unlimited domestic and international lounge access, ultra-low 2% foreign currency markup, reduced 3% interest rate on extended credit, complimentary Travel EDGE platform access earning 60 points per ₹200, and premium lifestyle benefits. Though the ₹30,000 annual fee represents a significant investment, high-spenders who consistently exceed ₹1.5 Lakh monthly and strategically transfer points to airline miles or hotel points will find this card delivers incomparable returns that justify its positioning as India's premier credit card for affluent individuals.
Burgundy Exclusivity: The Magnus for Burgundy Credit Card is exclusively available to Axis Bank Burgundy customers who maintain Average Quarterly Balance (AQB) of ₹10 Lakh in savings account, Total Relationship Value (TRV) of ₹30 Lakh including time deposits, or TRV of ₹30 Lakh including demat holdings. This exclusivity ensures the card serves India's high net-worth segment with premium services and exceptional privileges.
Industry-Leading Reward Structure: The card follows a tiered reward earning system effective from 20th June 2025. Earn 12 EDGE Reward Points per ₹200 on spends up to ₹1.5 Lakh per calendar month (6% base rate). On incremental spends above ₹1.5 Lakh, earn an exceptional 35 EDGE Reward Points per ₹200 (17.5% base rate)—but only up to spends equivalent to your credit limit + additional ₹1.5 Lakh per calendar month. Beyond that threshold, rewards revert to 12 points per ₹200. This structure incentivises substantial monthly spending whilst providing industry-leading returns.
Example: With a credit limit of ₹10 Lakh and monthly spending of ₹12 Lakh, you'd earn: 12 points per ₹200 on first ₹1.5 Lakh (9,000 points), 35 points per ₹200 on next ₹10 Lakh (₹1.5L to ₹11.5L = 1,75,000 points), and 12 points per ₹200 on remaining ₹50,000 (3,000 points), totalling 1,87,000 EDGE Points monthly worth approximately ₹1,87,000 in miles/hotel points when transferred at 5:4 ratio.
Superior 5:4 Transfer Ratio: Unlike the regular Magnus card's 5:2 transfer ratio, Magnus for Burgundy offers an exceptional 5:4 transfer ratio to 20+ partner airlines and hotel loyalty programmes. Transfer 5 EDGE Points to receive 4 airline miles or hotel loyalty points, effectively doubling the value compared to regular Magnus. This superior ratio makes accumulated points significantly more valuable for premium travel redemptions.
Travel Partners Classification: Partners are divided into Group A and Group B with separate redemption caps. Group A (premium partners) allows maximum 2 Lakh EDGE Reward Points transfer annually. Group B (standard partners) allows maximum 8 Lakh EDGE Reward Points transfer annually. Combined annual cap of 10 Lakh EDGE Reward Points ensures substantial flexibility whilst preventing extreme point hoarding.
Group A Partners (Maximum 2 Lakh Points Annual): Air India, Emirates Skywards, KrisFlyer (Singapore Airlines), Flying Returns (Etihad), Asia Miles (Cathay Pacific), Club Vistara, Accor Live Limitless (ALL), ITC Hotels Green Points
Group B Partners (Maximum 8 Lakh Points Annual): InterMiles, Marriott Bonvoy, Turkish Miles&Smiles, Club IHG, Qatar Airways Privilege Club, Aeromexico Rewards, Virgin Atlantic Flying Club, Thai Airways Royal Orchid Plus, Malaysia Airlines Enrich, and additional partners
Travel EDGE Platform Benefits: Earn accelerated 60 EDGE Reward Points per ₹200 on flight and hotel bookings via the Travel EDGE platform for monthly spends up to ₹2 Lakh (30% effective rate). Spends above ₹2 Lakh on Travel EDGE earn 35 points per ₹200. This exclusive platform rivals HDFC SmartBuy and provides exceptional value for travel bookings, effectively delivering 24% value-back when points are transferred to airlines/hotels.
Grab Deals Multiplier: Access accelerated rewards through Axis Bank's Grab Deals platform on partner merchants including Flipkart, Amazon, and instant vouchers. Bonus EDGE Reward Points on Grab Deals are capped at 10,000 points per month, providing additional earning opportunities beyond regular spends.
Premium Metal Card: Issued as a lightweight Mastercard World Elite metal card, the Magnus for Burgundy symbolises prestige and elite status. The metal construction provides durability whilst the Mastercard World Elite network ensures global acceptance and access to exclusive Mastercard benefits.
Modest Welcome Benefit: New Magnus for Burgundy cardholders receive a voucher worth ₹5,000 (choice of Luxe gift card, PostCard Hotels voucher, or Yatra voucher) on making the first successful spend transaction within 30 days of card issuance. Voucher must be availed within 6 months. Note: This welcome benefit is not applicable for customers upgraded from regular Magnus to Magnus for Burgundy.
Reduced Interest Rate: Benefit from a significantly lowered interest rate of 3% per month (36% annually) on extended credit and revolving balances—substantially below the industry standard of 3.4-3.6% monthly—making this card more economical even when carrying balances.
Ultra-Low Forex Markup: Pay only 2% foreign currency markup on international transactions, nearly half the industry standard of 3.5%. This benefit alone can save thousands annually for frequent international travellers and online foreign currency shoppers.
Zero Cash Withdrawal Fees: Unlike most premium cards, Magnus for Burgundy charges no cash withdrawal fees, though finance charges apply immediately. This provides flexibility for emergency cash needs without additional fee burden.
Fuel Surcharge Waiver: Receive 1% fuel surcharge waiver on fuel transactions between ₹400 to ₹4,000 at all petrol stations across India. Maximum benefit capped at ₹400 per month. Note that on certain fuel transactions, the fuel surcharge may be levied as ₹10 + GST instead of 1% + GST by merchants.
Premium Lounge Access: Enjoy unlimited complimentary domestic airport lounge visits for primary and add-on cardholders via direct access on select airport lounges. Additionally, receive Priority Pass membership providing unlimited international lounge access plus 4 complimentary guest visits per year. Important: Requires minimum spending of ₹50,000 in the previous 3 calendar months for lounge access eligibility.
Dining Benefits: Access up to 30% discount at over 4,000 partner restaurants across India through the Axis Bank Dining Delights Programme. Additionally, Magnus for Burgundy cardholders automatically receive EazyDiner Prime membership around one week before their birthday, providing access to 40% discount (up to ₹1,000) at EazyDiner partner restaurants.
Hotel Benefits: Enjoy up to 15% discount on international and domestic stays at Oberoi and Trident Hotels, providing substantial savings on luxury hotel experiences.
Comprehensive Exclusions: To balance the exceptional reward rates, numerous spending categories are excluded from both reward earning and milestone calculations including wallets, rent (incremental spends above ₹50,000 excluded from accelerated rewards), utilities, government institution spends, insurance, fuel, gold, jewellery, EMI, and Priority Pass fees. These exclusions significantly impact high-spenders with substantial excluded-category expenditure.
Points Forfeiture Policy (Effective 1st October 2025): Axis Bank reserves the right to forfeit unredeemed EDGE Reward Points or EDGE Miles if points remain unredeemed beyond 30 days following card closure, or if minimum outstanding amount remains unpaid for more than 90 days. Cardholders should redeem accrued points within 30 days of card closure to avoid forfeiture.
Devaluation History: The Magnus for Burgundy has undergone significant devaluations since launch. Initial lifetime free (LTF) offer for Burgundy customers ended, now requiring ₹30,000 + GST annual fee. Benefits like BOGO movie tickets, airport Meet & Greet services, and concierge services have been discontinued. The ₹50,000 quarterly spending requirement for lounge access was added, and the accelerated earning structure was capped effective June 2025.
Despite Devaluations: The Magnus for Burgundy remains amongst India's most rewarding credit cards for high-spenders who can consistently exceed ₹1.5 Lakh monthly across eligible categories and strategically transfer points to airline/hotel partners for maximum value extraction.
The Magnus for Burgundy's combination of exceptional reward rates, superior transfer ratio, unlimited lounge access, and ultra-low forex markup makes it India's premier credit card for affluent individuals seeking maximum returns on substantial monthly spending, particularly when points are transferred to travel partners rather than redeemed for vouchers.
Tiered Earning Structure
The Magnus for Burgundy follows a sophisticated tiered reward system based on monthly spending levels:
Tier 1: Base Rate (0 to ₹1.5 Lakh monthly spends)
12 EDGE Reward Points per ₹200 spent (6% base rate)
Applicable on all eligible retail spends from ₹0 to ₹1.5 Lakh per calendar month
Value when redeemed for vouchers: 2.4% (12 points × ₹0.20)
Value when transferred to airlines/hotels: 4.8% (12 points × 5:4 ratio = 9.6 miles/points × assumed ₹0.50 value)
Tier 2: Accelerated Rate (Above ₹1.5 Lakh up to Credit Limit + ₹1.5 Lakh)
35 EDGE Reward Points per ₹200 spent (17.5% base rate)
Applicable on incremental spends above ₹1.5 Lakh per calendar month
Earning continues only up to total monthly spends equivalent to (Credit Limit + ₹1.5 Lakh)
Value when redeemed for vouchers: 7% (35 points × ₹0.20)
Value when transferred to airlines/hotels: 14% (35 points × 5:4 ratio = 28 miles/points × assumed ₹0.50 value)
Tier 3: Reverted Rate (Beyond Credit Limit + ₹1.5 Lakh)
12 EDGE Reward Points per ₹200 spent (6% base rate)
Applicable on all spends exceeding (Credit Limit + ₹1.5 Lakh) per calendar month
Rewards revert to base rate after crossing the accelerated earning threshold
Example Calculation:
Credit Limit: ₹10 Lakh
Monthly Spending: ₹15 Lakh
First ₹1.5 Lakh: 12 points/₹200 = 9,000 points
Next ₹10 Lakh (₹1.5L to ₹11.5L): 35 points/₹200 = 1,75,000 points
Remaining ₹3.5 Lakh: 12 points/₹200 = 21,000 points
Total: 2,05,000 EDGE Points monthly
When transferred at 5:4 ratio: 1,64,000 airline miles/hotel points
Estimated value at ₹0.50 per mile: ₹82,000 value on ₹15L spending = 5.47% effective return
60 EDGE Reward Points per ₹200 on flight and hotel bookings via the Travel EDGE platform for monthly spends up to ₹2 Lakh (30% base rate).
Terms:
Exceptional earning rate of 60 points per ₹200 (versus 12-35 on regular spends)
Applicable only on first ₹2 Lakh monthly spends via Travel EDGE
Spends above ₹2 Lakh on Travel EDGE earn standard 35 points per ₹200
Travel EDGE spends excluded from regular spend milestone calculations
Travel EDGE bookings provide access to competitive flight/hotel rates
Value Calculation:
₹2 Lakh on Travel EDGE = 60,000 EDGE Points
Transfer at 5:4 ratio = 48,000 airline miles/hotel points
Estimated value at ₹0.50 per mile: ₹24,000 value = 12% effective return
When miles valued higher (e.g. business class redemptions): up to 24% effective return
Earn accelerated bonus EDGE Reward Points on purchases through Axis Bank's Grab Deals platform featuring Flipkart, Amazon, and instant vouchers.
Terms:
Bonus points capped at 10,000 EDGE Points per month
Additional earning opportunity beyond regular spend rewards
Varies by merchant and promotional offers
Check Axis Bank website or app for current Grab Deals multipliers
EDGE Reward Points are earned on:
Retail purchases (online and offline)
Dining at restaurants
Shopping (apparel, electronics, groceries)
Entertainment and leisure
Travel bookings
Services and other eligible merchant categories
The following categories earn ZERO EDGE Reward Points:
Wallet loads and mobile wallet transactions
Rent payments**
Utility bill payments (electricity, gas, water)
Government institution payments
Insurance premium payments
Fuel purchases
Gold and jewellery purchases
EMI transactions
Priority Pass fees
Cash advances
Card fees and charges
Important Note on Rent: Rent payments up to ₹50,000 per month count towards spending milestones. Incremental rent payments above ₹50,000 are excluded from accelerated reward calculations.
Redemption Value: 1 EDGE Reward Point = ₹0.20 when redeemed for vouchers
Voucher Redemption
Redeem EDGE Points for e-vouchers and gift cards from popular brands through the EDGE Loyalty Rewards Catalogue.
Brands Include:
Amazon Pay vouchers
Flipkart gift cards
Lifestyle and retail brands
Dining vouchers
Entertainment options
Value: Direct 1:0.20 redemption provides 2.4-7% return depending on earning tier.
Transfer to Airline/Hotel Partners (5:4 Ratio)
The most valuable redemption option: Transfer 5 EDGE Reward Points to receive 4 airline miles or hotel loyalty points across 20+ partner programmes.
Group A Partners (Maximum 2 Lakh EDGE Points Annual Transfer):
Air India Flying Returns
Emirates Skywards
KrisFlyer (Singapore Airlines)
Flying Returns (Etihad Airways)
Asia Miles (Cathay Pacific)
Club Vistara (Vistara)
Accor Live Limitless (ALL)
ITC Hotels Green Points
Group B Partners (Maximum 8 Lakh EDGE Points Annual Transfer):
InterMiles
Marriott Bonvoy
Turkish Airlines Miles&Smiles
Club IHG (InterContinental Hotels Group)
Qatar Airways Privilege Club
Aeromexico Rewards
Virgin Atlantic Flying Club
Thai Airways Royal Orchid Plus
Malaysia Airlines Enrich
Additional partner programmes
Combined Annual Redemption Cap: Maximum 10 Lakh EDGE Reward Points can be transferred cumulatively across all airline and hotel partners annually (2 Lakh to Group A + 8 Lakh to Group B).
Value Proposition:
Economy class flights: Miles typically valued at ₹0.40-₹0.60 each
Business class flights: Miles valued at ₹0.80-₹1.50 each
First class flights: Miles valued at ₹1.50-₹3.00 each
Hotel redemptions: Points typically valued at ₹0.30-₹0.80 each
Example: Transfer 1,00,000 EDGE Points (5:4 ratio) = 80,000 airline miles. If used for business class long-haul redemption valued at ₹1.50 per mile = ₹1,20,000 value from ₹1,00,000 points.
₹5,000 Voucher (Choice of Three Options)
New Magnus for Burgundy cardholders receive one voucher worth ₹5,000 upon making the first successful spend transaction within 30 days of card issuance.
Voucher Options:
Luxe gift card worth ₹5,000
PostCard Hotels gift voucher worth ₹5,000
Yatra gift voucher worth ₹5,000
Terms:
Welcome benefit voucher must be availed within 6 months from card issuance date
SMS notification sent within 3-5 working days after first transaction with redemption steps
Not applicable for customers upgraded from regular Magnus to Magnus for Burgundy
Value: The ₹5,000 welcome benefit offsets approximately 14% of the ₹35,400 first-year cost (₹30,000 + 18% GST).
Unlimited Domestic Lounge Access
Access unlimited domestic airport lounge visits for both primary and add-on cardholders via direct card access at select domestic airport lounges.
Participating Airports:
Listed on Axis Bank website (check current lounge list)
Direct access using Magnus for Burgundy Credit Card
No separate lounge card required
Eligibility Requirement: Minimum spending of ₹50,000 in the previous 3 calendar months to qualify for lounge access.
Example: To access lounge on 10th March, you must have spent ₹50,000 between 1st December and 28th February.
Unlimited International Lounge Access + Guest Visits
Enjoy Priority Pass membership providing:
Unlimited international airport lounge visits for primary cardholder
4 complimentary guest visits per year to accompany primary cardholder
Access to 1,000+ airport lounges worldwide
Premium amenities including refreshments, Wi-Fi, showers, and relaxation areas
Important: Add-on cardholders can access lounges, but do not receive separate Priority Pass cards. Guest access valid only when primary cardholder is accompanying them.
Eligibility Requirement: Same ₹50,000 quarterly spending requirement applies.
Axis Bank Dining Delights Programme
Access up to 30% discount at over 4,000 partner restaurants across India through the Axis Bank Dining Delights Programme.
Terms:
Discount percentage varies by restaurant (typically 15-30%)
Wide network of partner restaurants nationwide
Check Axis Bank website/app for participating restaurants
EazyDiner Prime Membership
Magnus for Burgundy cardholders automatically receive complimentary EazyDiner Prime membership.
Benefits:
EazyDiner Prime activated approximately one week before cardholder's birthday
Membership linked to mobile number registered with credit card
Access to 40% discount up to ₹1,000 at EazyDiner partner restaurants
No activation code or email required—automatic activation
Note: This birthday benefit was introduced in November 2022 and continues for Magnus for Burgundy cardholders.
Oberoi & Trident Hotels Discount
Enjoy up to 15% discount on international and domestic stays at Oberoi and Trident Hotels.
Benefits:
Substantial savings on luxury hotel experiences
Applicable on room bookings at participating Oberoi and Trident properties
Check with hotel or Axis Bank for current discount rates and participating properties
1% Fuel Surcharge Waiver
Receive 1% fuel surcharge waiver on fuel purchases at all petrol stations across India.
Terms:
Transaction Range: ₹400 to ₹4,000
Maximum Benefit: ₹400 per month
Note: On certain fuel transactions, the fuel surcharge may be levied as ₹10 + GST instead of 1% + GST by merchants
Annual Value: Up to ₹4,800 in fuel surcharge savings.
Up to 50 Days: Enjoy up to 50 days of interest-free credit from the transaction date, allowing efficient cash flow management and strategic payment planning.
Benefit from a significantly lowered interest rate of 3% per month (36% annually) on extended credit and revolving balances—substantially below the industry standard of 3.4-3.6% monthly.
Savings: For ₹1 Lakh carried balance, save approximately ₹400-₹600 monthly compared to standard rates.
Unlike most premium cards, Magnus for Burgundy charges no cash withdrawal fees.
Terms:
Finance charges apply immediately from withdrawal date
No interest-free period on cash advances
Provides flexibility for emergency cash needs without additional fee burden
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹30,000 + GST (~₹35,400) | One-time charge when the card is issued. Previously offered as lifetime free (LTF) to Burgundy customers; LTF offer discontinued. |
| Annual Fee | ₹30,000 + GST (~₹35,400) | Charged every year. Waived on annual spends of ₹30,00,000 in the previous card anniversary year. |
| Add-On Card Fee | As per standard Axis Bank policy | Specific fees for add-on cards; contact bank for details. |
| Interest Rate (APR) | 3% per month (36% annually) | Significantly lower than industry standard. Applicable on outstanding balances and revolving credit. |
| Foreign Currency Markup | 2% | Industry-leading low rate. Applicable on all international transactions. Nearly half the standard 3.5% markup. |
| Cash Advance Fee | Nil | No cash withdrawal fees charged. However, finance charges apply immediately from withdrawal date. |
| Cash Advance Limit | As per available credit limit | Varies by cardholder based on credit limit assigned. |
| Late Payment Charges | ₹0 to ₹1,100 | Varies based on total amount due. |
| Overlimit Penalty | 2.5% of overlimit amount (minimum ₹600) | Charged when spending exceeds credit limit. |
| Payment Return Charges | ₹500 | Charged when payment cheque/ECS/NACH is returned/dishonoured. |
| Card Replacement Fee | ₹100 | Charged for lost, stolen, or damaged card replacement. |
| Duplicate Statement Fee | ₹100 per statement | Charged for requesting duplicate physical statements. |
| Railway Ticket Purchase Fee | As levied by IRCTC | Charges as prescribed by Indian Railways/IRCTC. |
| Fuel Surcharge Waiver | 1% waiver (max ₹400/month) | On transactions between ₹400-₹4,000. Surcharge may be ₹10+GST on some transactions. |
| GST | 18% | Applicable on all fees, interest, and charges mentioned above. |
| Criteria | Details |
|---|---|
Burgundy Account Requirement | Mandatory: Must be an existing Axis Bank Burgundy customer maintaining Burgundy Relationship Eligibility Criteria at individual customer ID level. |
Burgundy Eligibility | • Average Quarterly Balance (AQB) of ₹10 Lakh in savings account, OR<br>• Total Relationship Value (TRV) of ₹30 Lakh including time deposits, OR<br>• TRV of ₹30 Lakh including time deposits and demat holdings, OR<br>• Net salary credit exceeding ₹3 Lakh per month in Axis Bank Salary Account |
Burgundy Relationship Duration | Newly opened/upgraded Burgundy account holders must maintain requisite relationship for 45 days before applying for Magnus for Burgundy. Relationship value must reflect in latest One Glance Statement. |
Age | Primary cardholder: Typically 21 to 65 years (salaried); 25 to 65 years (self-employed) |
Income | Net salary of ₹24 Lakh per annum OR Net Annual Income Tax Return filed for ₹24 Lakh |
Credit Score | Excellent CIBIL score (ideally 800-900) required for approval |
Employment | Salaried or self-employed with substantial, stable income |
| Document Type | Details |
|---|---|
| Burgundy Relationship Proof | One Glance Statement depicting requisite Burgundy relationship eligibility value (mandatory) |
| Identity Proof | Any one of the following: Valid Passport, Aadhaar Card, Driving Licence, Voter ID Card, PAN Card, or any other government-approved photo ID |
| Address/Residence Proof | Any one of the following: Aadhaar Card, Passport, Driving Licence, Voter ID Card, Utility Bill (not more than 3 months old), Ration Card, Property Registration Document, or any other government-approved address proof |
| Income Proof | For Salaried: Latest salary slips (1-2 months), Form 16, recent bank statements showing salary credits. For Self-Employed: Latest ITR acknowledgement, bank statements showing business income, financial statements, audited accounts |
| PAN Card | Mandatory for credit card issuance |
| Photograph | Recent passport-size colour photograph |
Step 1: Verify Burgundy Eligibility: Ensure you meet Burgundy eligibility criteria: AQB of ₹10 Lakh in savings account, OR TRV of ₹30 Lakh including time deposits/demat, OR net salary credit exceeding ₹3 Lakh monthly. Check your latest One Glance Statement to confirm requisite relationship value is reflecting.
Step 2: Contact Relationship Manager: Call your designated Axis Bank Burgundy Relationship Manager or contact Axis Bank Burgundy customer service at 1800 419 0065 to express interest in applying for the Magnus for Burgundy Credit Card.
Step 3: Request Application: Inform your Relationship Manager that you wish to apply for Magnus for Burgundy. They will verify your Burgundy relationship status and guide you through the application process.
Step 4: Gather Required Documents: Collect necessary documents including: Latest One Glance Statement (mandatory), PAN Card, Identity proof (Aadhaar/Passport/Driving Licence), Address proof, Income proof (salary slips/Form 16/ITR), Recent passport-size photograph.
Step 5: Submit Application: Complete the credit card application form provided by your Relationship Manager. Submit the duly filled form along with all required KYC documents, income proofs, and One Glance Statement either: To your Relationship Manager, At your nearest Axis Bank branch, or Through guided digital application if available.
Step 6: Credit Assessment: Axis Bank will conduct comprehensive credit assessment including: CIBIL score and credit bureau checks, Income verification against ₹24 Lakh annual requirement, Existing liabilities and debt obligations review, Burgundy relationship value confirmation, Internal credit policy evaluation.
Step 7: Verification: The bank may contact you via phone or email for additional information or clarification. Physical verification at residence or workplace may be conducted if required.
Step 8: Approval Notification: Once approved, you'll receive approval confirmation via SMS and email. The approval decision is typically communicated based on the bank's credit card issuance policy.
Step 9: Card Delivery: Your Axis Bank Magnus for Burgundy Metal Credit Card will be dispatched to your registered address within 7-10 business days post-approval. The card and PIN are sent in separate mailers for security.
Step 10: Card Activation & Welcome Benefit: Activate your card by: Calling Axis Bank Credit Card customer service at 1860 419 5555, Through the Axis Mobile app, or Via Axis Bank net banking. Make your first transaction within 30 days of card issuance to receive the ₹5,000 welcome benefit voucher (choice of Luxe gift card, PostCard Hotels voucher, or Yatra voucher). Register for Travel EDGE platform access and Priority Pass membership.
| Usage Tips | Details |
|---|---|
Target ₹1.5 Lakh Monthly Threshold | Plan your spending to exceed ₹1.5 Lakh monthly on eligible categories to unlock the exceptional 35 points per ₹200 (17.5% base rate) on incremental spends. This is where the card's true value lies. |
Maximise Travel EDGE Bookings | Book flights and hotels through Travel EDGE platform to earn 60 points per ₹200 (up to ₹2 Lakh monthly), providing 30% base rate. This delivers up to 24% value-back when miles transferred for premium cabin redemptions. |
Transfer Points, Don't Redeem for Vouchers | Always transfer EDGE Points to airline/hotel partners at 5:4 ratio for maximum value. Avoid voucher redemptions (₹0.20 per point) in favour of mile transfers (effective ₹0.40-₹3.00 per point depending on redemption). |
Strategic Partner Selection | Study airline award charts and hotel redemption values before transferring. Business/first class flight redemptions and luxury hotel stays typically provide 2-3x better value than economy redemptions. |
Track Credit Limit Cap | Monitor your monthly spending against your credit limit. Remember that accelerated 35 points rate caps at (Credit Limit + ₹1.5 Lakh) monthly, beyond which rewards revert to 12 points per ₹200. |
Leverage Grab Deals | Use Grab Deals platform for bonus EDGE Points (capped at 10,000 monthly) on Flipkart, Amazon, and voucher purchases for additional earning beyond regular spends. |
Avoid Excluded Categories | Never use the card for excluded categories (wallets, utilities, insurance, fuel, gold, jewellery) as they earn zero rewards and don't count towards milestones. Route these through no-reward cards instead. |
Mind the Rent Cap | Only first ₹50,000 monthly rent payments count towards accelerated rewards. Rent above this threshold is excluded—consider alternate payment methods for excess rent. |
Maintain ₹50,000 Quarterly Spending | Ensure minimum ₹50,000 spending every 3 calendar months to maintain unlimited domestic and international lounge access eligibility. Track this requirement quarterly. |
Use for International Transactions | Leverage the ultra-low 2% foreign currency markup for all international purchases and travel. This alone saves 1.5% versus standard 3.5% markup cards. |
Access EazyDiner Around Birthday | Your EazyDiner Prime membership activates one week before birthday—plan dining at EazyDiner partners to enjoy 40% discount (up to ₹1,000). |
Book Hotels via Oberoi/Trident Offer | When staying at luxury hotels, check if Oberoi or Trident properties offer the 15% Magnus for Burgundy discount before booking elsewhere. |
Fill Fuel Strategically | Fuel transactions between ₹400-₹4,000 qualify for 1% surcharge waiver (max ₹400 monthly). Although fuel earns zero rewards, the waiver reduces costs. |
Target Annual Fee Waiver | Aim for ₹30 Lakh annual spending on eligible categories to waive the ₹35,400 renewal fee from the second year. This requires averaging ₹2.5 Lakh monthly. |
Pay Full Balance Always | Despite the reduced 3% monthly interest rate (36% APR), always pay full balance before due date to avoid interest charges that negate reward benefits. |
Use Zero Cash Withdrawal Wisely | While cash advances incur no fees, finance charges apply immediately. Reserve for genuine emergencies only and repay quickly. |
Redeem Within 30 Days of Closure | If closing card, ensure all accumulated EDGE Points are transferred to airline/hotel partners within 30 days to avoid forfeiture effective 1st October 2025. |
Monitor Points Expiry | Track unredeemed points regularly. If minimum outstanding remains unpaid for 90+ days, points may be forfeited—maintain payment discipline. |
The Axis Bank Magnus for Burgundy 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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