Axis Bank Magnus Credit Card
Updated 24 Apr 2026Source-linked
The Axis Bank Magnus Credit Card is a super premium credit card from Axis Bank, with a joining fee of ₹12,500 + GST.
It earns up to 35% back on monthly spend above threshold spends in the form of edge reward points (points).
Cardholders get 8 quarterly domestic + unlimited annual international airport lounge access, plus tata cliq voucher worth ₹12,500 as a welcome benefit.
Axis Bank Magnus Credit Card
- Joining Fee₹12,500
- Annual Fee₹12,500
- Best Suited ForTravel
- Reward TypeEDGE Reward Points (points)
Rewards Rate
- 35% on monthly spend above threshold (cap 35000 points / monthly)
- 5× on travel edge portal (cap 40000 points / monthly)
- Base 0.20% on other spends
Welcome Benefits
- Tata CLiQ voucher worth ₹12,500
Axisworldsuper premiumRewards and Benefits
Rewards Rate
35% on monthly spend above threshold (cap 35000 points / monthly)
5× on travel edge portal (cap 40000 points / monthly)
Base 0.20% on other spends.
Reward Redemption
Multiple (EDGE transfer): Post-revision transfer ratio across most partners.
Welcome Benefits
Tata CLiQ voucher worth ₹12,500
Milestone Rewards
- ₹1,50,000 / monthly: Eligibility for 25,000 EDGE Miles voucher (one-time per tenure)
Domestic Lounge Access
8 visits each quarterly.
International Lounge Access
Unlimited visits each annual.
Travel
N/A
Movie & Dining
N/A
Golf
4 round(s) / monthly · 2 lesson(s).
Insurance Benefits
- air accident: ₹2,50,00,000
Other Benefits
N/A
Fees & Charges
Spend-Based Waiver
₹25,00,000 in the preceding year
Rewards Redemption Fee
N/A
Foreign Currency Markup
2.00%
Interest Rates
3.60% per month (43.2% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹400 and ₹4,000, capped at ₹400 per monthly.
Cash Advance Charges
2.5% or ₹500 (whichever is higher)
Product Details
- super premium card issued by Axis Bank.
- Joining / annual fee of ₹12,500 + GST, waived on annual spends of ₹25,00,000.
- Available on the Mastercard network.
- Complimentary airport lounge access: domestic (8/quarterly) + international (unlimited/annual).
- Insurance cover bundled: air accident.
Pros & Cons
Pros
- Annual fee waivable on ₹25,00,000 spend.
- Low forex markup of 2.00% — suited to international spends.
- Complimentary international airport lounge access.
- 24/7 concierge service.
- Milestone-based bonus rewards on annual / quarterly spend thresholds.
- Accelerated earn rate of 35% on monthly spend above threshold.
Cons
- High annual fee of ₹12,500.
- No rewards on fuel spends.
₹12,500 welcome benefit
- Tata CLiQ voucher worth ₹12,500Joining fee paidWindow: 90 days from issuance.
Accelerated rewards
- 35% on monthly spend above threshold (cap 35000 points / monthly)35 EDGE points per ₹200 spent above ₹1.5L in a calendar month, capped at 35,000 points/month.
- 5× on travel edge portal (cap 40000 points / monthly)
Capping rules
- Transfer to airline partners capped at 5,00,000 EDGE points per year.
Exclusions
The following spend categories earn no rewards on this card:
- fuel
- wallet loads
- rent
- government
- insurance premiums
- utilities
- education
Milestone benefits
- ₹1,50,000 / monthly: Eligibility for 25,000 EDGE Miles voucher (one-time per tenure) (≈ ₹25,000 value)
Airport lounge access
Domestic
8 visit(s) / quarterly. Via dreamfolks. Guests: 2.
International
Unlimited visit(s) / annual. Via priority-pass. Guests: unlimited.
Insurance benefits
- air accident: ₹2,50,00,000
Fuel surcharge waiver
1.0% waiver on fuel transactions between ₹400 and ₹4,000, capped at ₹400 per monthly.
Sources
- : www.axisbank.com · retrieved 15 Apr 2026
Last verified 24 Apr 2026. Verify with the issuer before applying.
Eligibility
- Age
- 18–70
- Credit score
- 750+
- Income (salaried)
- ₹24,00,000 p.a.
- Income (self-employed)
- ₹24,00,000 p.a.
History
Past revisions as recorded in the dataset. Most recent first.
- 31 Aug 2023Reward structure changed — prior rate 12 per ₹200 (points) until 31 Aug 2023