About Credit Card
The Axis Magnus Credit Card is a premium offering from Axis Bank, ideal for high spenders interested in travel and lifestyle rewards.
Key Features
Super-premium metal card with lounge access, including unlimited domestic and international Priority Pass visits for primary and add-on cardholders.
Milestone benefits like luxury vouchers (e.g., Taj or Amazon worth up to ₹12,500) on joining and annual renewal via fee waiver on ₹15 lakh spend.
Low forex markup fee of 0.75% on international transactions.
Reward Points
Earn 12 EDGE Reward Points per ₹200 on spends up to ₹1.5 lakh monthly; 35 points per ₹200 above that.
60 EDGE points per ₹200 (up to 5X) on Travel EDGE portal spends up to ₹2 lakh; 35 points thereafter.
Accelerated rewards credited post-month, excluding rent (1% fee, capped at ₹50,000) and certain categories.
Fees and Eligibility
Joining/annual fee: ₹12,500 + GST, waivable on ₹25 lakh spend.
Requires high income (typically ₹18+ lakh p.a.) and good credit score (750+).
Redemption Options
Points redeemable for travel (flights/hotels at 1:1 via Travel EDGE), vouchers, or airmiles (1 EDGE = 0.4 miles post-2023 change).
Best value: 1%+ return on high spends, up to 6% base rate.