Axis Bank Magnus Credit Card on Electricity bills
No. The Axis Bank Magnus Credit Card earns no rewards on Electricity bills.
On Electricity bills
0%
Other spends
1.2%
Rank for Electricity bills
#125 of 149
Annual fee
₹12,500 + Taxes
What to know before you pay on Electricity bills
How it works
1.2% is the rate on the first ₹1.5 Lakh a month at ₹0.20 per point. Above ₹1.5 Lakh it's 3.5% (about 7% if points go to airline miles).
Caps & rules
- 12 EDGE Reward Points per ₹200 on the first ₹1.5 Lakh a month, 35 per ₹200 on spends above that (up to your credit limit + ₹1.5 Lakh).
- 5X via Travel EDGE.
- Valued at ₹0.20 per point; transferring 5 points to 2 airline/hotel miles is worth roughly double.
Reward limits
- 35 EDGE points per ₹200 on monthly spends above ₹1.5 Lakh: Up to your credit limit + ₹1.5 Lakh of spend per calendar month
- 12 EDGE points per ₹200 on other spends: No limit
No rewards on
Utilities & telecom, rent (capped ₹50,000/month), wallet, government, insurance, gold/jewellery, fuel, gift cards, tolls
Checked 2026-09-27 · Bank terms
Cards that earn more on Electricity bills
-
#1
PhonePe SBI Card SELECT BLACK
SBI Card · ₹1,499 + Taxes · Max ₹1,500 a month
10%
Apply now -
#2
HSBC Live+ Credit Card
HSBC Bank · Free · Max ₹1,200 a month
10%
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#3
BOBCARD Cashback Credit Card
Bank of Baroda · ₹499 + Taxes a year, or ₹49 a month · Max ₹1,875 per statement cycle
5%
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Questions
Does the Axis Bank Magnus Credit Card give rewards on Electricity bills?
No. The Axis Bank Magnus Credit Card earns no rewards on Electricity bills.
Is there a limit on Axis Bank Magnus Credit Card rewards?
12 EDGE Reward Points per ₹200 on the first ₹1.5 Lakh a month, 35 per ₹200 on spends above that (up to your credit limit + ₹1.5 Lakh). 5X via Travel EDGE. Valued at ₹0.20 per point; transferring 5 points to 2 airline/hotel miles is worth roughly double.
Which credit card is best for Electricity bills?
PhonePe SBI Card SELECT BLACK is the best pick for regular spending on Electricity bills, with 10% back. The Axis Bank Magnus Credit Card ranks #125 of 149 cards we compared, by what each returns after caps.