Axis Bank Magnus Credit Card Vs. Axis Bank Reserve Credit Card
Axis Bank Magnus Credit Card
Axis Bank Reserve Credit Card
Comparison of Axis Bank Magnus Credit Card and Axis Bank Reserve Credit Card
Feature
Axis Bank Magnus Credit Card
Axis Bank Reserve Credit Card
Annual Fee
₹10,000 + GST (~₹11,800)
₹50,000 + GST (~₹59,000)
Joining Fee
₹10,000 + GST (~₹11,800)
₹50,000 + GST (~₹59,000)
Welcome Benefits
₹10,000 Tata CLiQ voucher upon card activation
Receive substantial welcome benefits including luxury hotel vouchers (often ₹25,000-50,000 value) redeemable at Taj, ITC, or partner properties upon card activation and first transaction.
Interest Rate (APR)
1.5% to 3.49% per month (18% to 41.88% annually)
1.5% to 3.49% per month (18% to 41.88% annually)
Foreign Currency Markup
2% + GST (~2.36%)
2% + GST (~2.36%)
Key Highlights
•Premium Rewards Programme
•Welcome Benefits
•Unlimited Lounge Access
•Marriott Bonvoy Gold Elite
•Golf Privileges
•ITC Hotels Benefits
•Milestone Benefits
•Elite Rewards Programme
•Exclusive Welcome Benefits
•Unlimited Global Lounge Access
•Complimentary Hotel Nights
•Dedicated Reserve Concierge
•Premium Memberships
•Golf & Leisure Privileges
•Fine Dining Experiences
•Luxury Airport Transfers
•Comprehensive Travel Insurance
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
Use the Reserve card for virtually all eligible spending to maximise the exceptional 15 EDGE Miles per ₹200 earning rate
Proactively engage your dedicated Reserve Concierge for travel planning, restaurant bookings, event access, and lifestyle services
Transfer EDGE Miles to airline or hotel partners at the 1:4 ratio to maximise redemption value for premium cabins and luxury stays
Strategically book complimentary luxury hotel nights during peak seasons or special occasions to extract maximum value
Maintain regular communication with your Burgundy Private relationship manager for integrated banking and card services
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 allowing the card to sit unused—the ₹50,000 + GST annual fee demands active utilisation of benefits to justify costs
Don't treat this as a regular credit card—its value lies in exclusive benefits and concierge services, not just reward earning
Never carry a balance beyond the due date—interest charges would completely negate the premium reward earnings
Don't let complimentary hotel night certificates expire unused—they often represent ₹50,000-1 lakh+ in value
Avoid missing Reserve cardholder exclusive events and experiences—they provide networking and luxury access unavailable elsewhere
