Axis Bank Magnus Credit Card

Joining Fee: Rs. 12,500 plus GST
Renewal Fee: Rs. 12,500 plus GST
Best Suited For: Movies | Travel | Dining | Shopping
Reward Type: Reward Points
Welcome Benefites: Choose a gift voucher worth Rs. 12,500 from any one of Luxe, Yatra, or Postcard Hotels

Apply Now

Add to Compare

The Magnus Credit Card is one of the most rewarding and sought-after cards in Axis Bank’s portfolio. This super-premium card issued by the bank targets high-income individuals who want to enjoy the privilege of a luxurious lifestyle. It has a joining fee of Rs. 12,500 but offers many premium travel, lifestyle, dining, and insurance benefits. Cardholders get domestic and international lounge access at airports along with a 24*7 concierge service. Premium customers can also make international transactions at a relatively low 2% Forex Markup fee. Also, there are no cash withdrawal charges on the card (Interest charges applicable). Although the annual fee of the card is relatively high, you can get it waived by spending 25 lakhs or above in the previous anniversary year and save Rs. 12,500. Keep reading our review of the super-premium Magnus credit card to learn about its features and benefits.

New Features

Spend Based Waiver

Annual fee waived off on an expenditure of Rs. 25 lakhs in the preceding year.

Interest Rates

3.0% per month (42.58% annually)

Add-on Card Fee

Nil

Rewards Redemption Fee

Nil

Fuel Surcharge

1% fuel surcharge waived off at all fuel stations across India

Foreign Currency Markup

2% of the transaction plus GST

Cash Advance Charges

Nil

Movie & Dining

Buy one and get up to Rs. 500 off on the next movie/non-movie ticket on BookMyShow (max 5 times a month), 20% discount at 4,000+ restaurants across India under the Axis Bank Dining Delights program.

Travel

Complimentary international as well as domestic airport lounge access, airport concierge services and discounted stays at Oberoi Hotels.

International Lounge Access

Unlimited complimentary international airport lounge access for primary cardholders and 8 complimentary visits for the guests every year with Priority Pass

Rewards Rate

12 Axis EDGE REWARDS Points for every Rs. 200 spent with the card, 5X EDGE REWARDS on travel spends via TRAVEL EDGE.

Golf

Insurance Benefits

Credit shield protection worth Rs. 5 lakh (in case the card is lost) and a purchase protection worth Rs. 2 lakh.

Reward Redemption

Axis EDGE REWARDS Points can be redeemed on the EDGE REWARDS portal at a value of 1 Edge Reward = Re. 0.20 or Transfer to Partner Airlines/Hotels Rewards Program.

Domestic Lounge Access

Unlimited domestic airport lounge access

Zero Liability Protection

Credit shield cover worth Rs. 5 lakh, liability protection up to the card’s credit limit.

Pros

There are no cash withdrawal charges with this card. Unlimited international and domestic lounge access with the Magnus Credit Card. You can avail “BOGO” on movies and get discounts on dining with this card.

Cons

The annual income required to be eligible for the Axis Bank Magnus Credit Card is very high, at Rs. 24 lakh. There are no golf benefits with this card. To qualify for the New Magnus Card for Burgundy, you must maintain the Total Relationship Value associated with the account.

Similar Cards

Add to Compare

Flipkart Axis Bank Super Elite Credit Card

Axis Bank previously launched the Flipkart Axis Bank Credit Card in partnership with Flipkart, a leading e-commerce company in India. This card gained much popularity soon after its launch. Following this, the bank has now come up with another exclusive card named Flipkart Axis Bank Super Elite Credit Card. The card is targeted at those who are loyal to Flipkart and use it for most of their online purchases. It comes with a very nominal annual fee of Rs. 500. It welcomes you with a number of exciting benefits, including bonus Reward Points, free membership to several online platforms, and many more. Talking about its reward rate, the card rewards you in the form of SuperCoins, and the cardholders can save up to 12% on their spends using this card. These SuperCoins are redeemable against various exciting options on the Flipkart app/website. Apart from this, the card has various other advantages. To know all of them, along with the card’s fees & charges, continue reading the article:

Add to Compare

Emirates Skywards ICICI Bank Rubyx Credit Card

The ICICI Bank has recently launched three co-branded travel credit cards in partnership with the exclusive Emirates Airlines. The Emirates Skywards ICICI Bank Rubyx Credit Card is the most basic card out of the three, the Emirates ICICI Bank Emeralde Card being the most premium one. The Rubyx variant comes with a nominal joining and annual fee of Rs. 1,000 and is targeted at individuals who travel frequently via Emirates airlines and want to have an affordable credit card with maximum travel benefits for them. This card rewards you in the form of Skyward Miles and you can up to 1.5 Miles on every Rs. 100 you spend and redeem these miles against various options available on the Emirates Skywards website. Talking about its other travel benefits, the cardholders get complimentary domestic lounge access every quarter on achieving the quarterly spend milestone. Moreover, you also get complimentary Dreamfolks membership, which can be used to access various domestic as well as international airport lounges worldwide. The Emirates ICICI Bank Rubyx Credit Card has several other benefits. To know all of them, keep reading the article:

Add to Compare

American Express Platinum Travel Credit Card

American Express is globally known for its range of premium credit cards, and the air mile benefits they offer. In India, American Express has only one offering in the travel category- The American Express Platinum Travel Credit Card, among the most premium AmEx Credit Cards. Earlier, they were also offering the Jet Airways Platinum Credit Card. However, the same was discontinued after the airline suspended its operations in 2019. As is evident from the name, It’s a travel credit card. It comes with attractive welcome benefits and plenty of milestone benefits in the form of Membership Rewards Points, which can be redeemed not just for travel-related expenses like booking air tickets, hotels, and cars on the Amex Travel Online portal but also for shopping vouchers at online shopping sites, e-vouchers on American Express’s online shopping portal, for offline shopping using INSTA rewards. You can even make credit card bill payments under Amex’s Cash + Points scheme. However, under the Cash + Points scheme, 1000 Membership Rewards Points are equivalent to Rs. 250. Apart from the welcome and milestone benefits, you also earn 2 Membership Rewards Points for every Rs. 100 spent using the card (with a few exceptions).

1 OFFER

Benefites of SBI Credit Card Total Benefits...

View Offers

Other Cards

View all