Axis Bank Magnus Credit Card
Fees
₹12,500 + Taxes
Joining & AnnualReward Rate
35 EDGE Miles per ₹200 on travel bookings; 12 EDGE Miles per ₹200 on all other spends
Welcome Bonus
25,000 EDGE Miles on first transaction within 30 days
Lounge Access
Unlimited Domestic + International
FindMyCard Expert Take
Axis Magnus was one of the most talked-about premium cards in India, but its value has been scaled back over time: the quarterly 25,000-mile milestone bonus and Buy 1 Get 1 movie offer are gone, and government, utility, telecom, insurance, fuel and jewellery spends no longer earn points. What's left is still a strong 35 EDGE Miles per ₹200 on travel with a 1:2 airline mile conversion, but the ₹25 lakh annual spend needed to waive the ₹12,500 fee puts this firmly in high-spender territory.
Pros & Cons
Key Advantages
- Unlimited complimentary domestic & international airport lounge access
- 25,000 EDGE Miles welcome bonus
- 35 EDGE Miles per ₹200 on travel bookings
- 1 EDGE Mile converts to 2 airline miles on transfer
- 8 complimentary golf rounds per year globally
Limitations
- ₹12,500 annual fee
- Requires ₹25 lakh in annual spend to waive the fee, difficult for most cardholders
- Very high income eligibility (₹3 Lakh/month)
- Best value only for those spending ₹5 Lakh+ per month
- Quarterly milestone bonus of 25,000 EDGE Miles has been discontinued
- Buy 1 Get 1 movie ticket offer (BookMyShow) and Airport Meet & Greet services removed
- Government, utilities, telecom, insurance, fuel, and gold/jewellery transactions completely excluded from earning EDGE reward points
Editorial Verdict
The Axis Bank Magnus Credit Card is ideally suited for luxury travelers & high spenders. If you want 35 edge miles per ₹200 on travel bookings; 12 edge miles per ₹200 on all other spends, this card delivers real value. The ₹12,500 + taxes is easily offset by the card's perks if you use it regularly. You'll generally need Excellent (800+), Net Monthly Income ₹3 Lakh or ITR ₹36 Lakh/annum credit to be approved.
Key Perks & Spending Milestones
Unlimited complimentary domestic airport lounge access (primary & add-on cards)
Unlimited complimentary international lounge access via Priority Pass
25,000 EDGE Miles joining bonus on first transaction within 30 days
35 EDGE Miles per ₹200 on Axis Travel EDGE portal & partner airlines
12 EDGE Miles per ₹200 on all other retail spends
1 EDGE Mile = 2 Air Miles on Vistara, Singapore Airlines, Air India & 11+ partners
8 complimentary golf games/year at premium courses globally
Golf lesson vouchers & access to 150+ golf courses worldwide
Air accident insurance cover up to ₹3 Crore
🚀 Milestone Spends Timeline
Annual fee waived on annual retail spends of ₹25 Lakh
Fees & Charging Rates
Annual Fee Waivers
₹12,500 + Taxes
💡 Annual fee waived on ₹25 Lakh annual retail spends
Regular Interest Charges
3% per month (36% per annum)
📅 Late Payment Fee Penalty Tiers
Insurance & Protection Benefits
air accident cover
Up to ₹3 Crore
Eligibility Criteria
salaried minimum income
₹3 Lakh per month
self employed ITR
₹36 Lakh per annum
age
21 to 60 years
Compare Axis Bank Magnus Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| Axis Bank Magnus Credit Card This Card | ₹12,500 + Taxes | 35 EDGE Miles per ₹200 on travel bookings; 12 EDGE Miles per ₹200... | Unlimited Domestic + International | 4.6/5 |
| HDFC Infinia Credit Card Metal Edition | ₹12,500 + Taxes | 5 reward points per ₹150; up to 10X on SmartBuy flight/hotel bookings | Unlimited Domestic + International | 4.9/5 |
| Axis Bank ATLAS Credit Card | ₹5,000 + Taxes | 5 EDGE Miles per ₹100 on travel; 2 EDGE Miles per ₹100 on general spends | 8 Domestic + 4 International/yr | 4.8/5 |
| Axis Bank Burgundy Private Credit Card | ₹50,000 + Taxes | 15 EDGE Reward points per ₹200 spent on retail and international... | Unlimited Domestic + International | 4.8/5 |