Axis Bank Magnus Credit Card on PhonePe
No. The Axis Bank Magnus Credit Card earns no rewards on PhonePe.
On PhonePe
0%
Other spends
1.2%
Rank for PhonePe
#137 of 149
Annual fee
₹12,500 + Taxes
What to know before you pay on PhonePe
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
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Questions
Does the Axis Bank Magnus Credit Card give rewards on PhonePe?
No. The Axis Bank Magnus Credit Card earns no rewards on PhonePe.
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 PhonePe?
PhonePe SBI Card SELECT BLACK gives the most on PhonePe, 10% back. The Axis Bank Magnus Credit Card ranks #137 of 149 cards we compared.