Axis Bank Magnus Credit Card Vs. Axis Bank Magnus for Burgundy Credit Card
Axis Bank Magnus Credit Card
Axis Bank Magnus for Burgundy Credit Card
Comparison of Axis Bank Magnus Credit Card and Axis Bank Magnus for Burgundy Credit Card
Feature
Axis Bank Magnus Credit Card
Axis Bank Magnus for Burgundy Credit Card
Annual Fee
₹10,000 + GST (~₹11,800)
₹30,000 + GST (~₹35,400)
Joining Fee
₹10,000 + GST (~₹11,800)
₹30,000 + GST (~₹35,400)
Welcome Benefits
₹10,000 Tata CLiQ voucher upon card activation
N/A
Interest Rate (APR)
1.5% to 3.49% per month (18% to 41.88% annually)
3% per month (36% annually)
Foreign Currency Markup
2% + GST (~2.36%)
2%
Key Highlights
•Premium Rewards Programme
•Welcome Benefits
•Unlimited Lounge Access
•Marriott Bonvoy Gold Elite
•Golf Privileges
•ITC Hotels Benefits
•Milestone Benefits
•Exceptional Reward Rates
•Superior Transfer Ratio
•Premium Lounge Access
•Ultra-Low Forex Markup
Dos
Concentrate spending on eligible categories to maximise EDGE Miles accumulation and work towards annual fee waiver
Transfer EDGE Miles to airline or hotel partners at the 1:4 ratio to maximise redemption value
Make travel bookings through Axis Travel Edge platform to earn the enhanced 15 EDGE Miles per ₹200
Track monthly spending closely if you have Magnus for Burgundy to leverage the accelerated 25 EDGE Miles rate beyond ₹1.5 lakhs
Activate and regularly use your Marriott Bonvoy Gold Elite status for room upgrades, bonus points, and late checkout
Consistently exceed ₹1.5 Lakh monthly spending on eligible categories to unlock the exceptional 35 points per ₹200 accelerated rate
Transfer EDGE Points to airline/hotel partners at 5:4 ratio for maximum value rather than redeeming for vouchers at ₹0.20 per point
Book flights and hotels through Travel EDGE platform to earn 60 points per ₹200 (up to ₹2L monthly) for exceptional travel value
Study airline award charts and hotel redemption rates before transferring points to select partners offering maximum value
Target ₹30 Lakh annual eligible spending to waive the ₹35,400 renewal fee from the second year onwards
Don'ts
Avoid using the card for excluded categories (rent, utilities, insurance, education, fuel, wallets) as they earn no rewards and don't count towards fee waiver
Don't redeem miles directly from the rewards catalogue unless absolutely necessary, as this typically provides lower value
Avoid carrying a balance beyond the due date, as interest rates can reach up to 41.88% annually
Don't expect automatic annual fee waiver - ensure you meet the ₹1.5 lakh eligible spend threshold on qualifying categories
Never miss the minimum payment deadline to avoid late fees and damage to your credit score
Avoid spending on excluded categories (wallets, utilities, insurance, fuel, gold) expecting rewards; these earn zero points
Do not exceed your (Credit Limit + ₹1.5 Lakh) monthly threshold unnecessarily; rewards revert to base 12 points rate beyond this
Miss the ₹50,000 quarterly spending requirement; you'll lose unlimited lounge access eligibility until you meet it again
Redeem points for vouchers unless absolutely necessary; transfer value is 2-10x better depending on flight cabin class
Apply if you cannot consistently spend ₹2+ Lakh monthly on eligible categories; the annual fee won't be justified
