Axis Bank Magnus Credit Card
Fees
₹12,500 + Taxes
Joining & annual
Reward 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
Unlimited Domestic + International
Our 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.
Reward limits
Checked 27 Sep 2026 · Bank terms
-
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
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, gold/jewellery, gift card and toll/FASTag transactions are excluded from earning EDGE reward points (gift cards and tolls added to exclusions 28 Aug 2026); Accor, Marriott Bonvoy & Qatar Airways were removed as transfer partners on 2 Apr 2026, and the DCC markup rose from 1.5% to 2% on 28 Aug 2026
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
Spend milestone
Annual fee waived on annual retail spends of ₹25 Lakh
Fees & Charges
Joining fee
₹12,500 + Taxes
Annual fee
₹12,500 + Taxes
Annual fee waived on ₹25 Lakh annual retail spends
Interest rate
3% per month (36% per annum)
Late payment fee
Nil for balance up to ₹500; ₹750 for ₹501-₹5,000; ₹1,000 for ₹5,001-₹10,000; ₹1,300 for balance above ₹10,000.
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
Credit score & income
Excellent (800+), Net Monthly Income ₹3 Lakh or ITR ₹36 Lakh/annum
Frequently Asked Questions
Did Axis Bank Magnus's transfer partners change in 2026?
What changed on Axis Magnus from 28 August 2026?
How much can Axis Magnus's annual fee be waived by?
What's the base earn rate on Axis Magnus?
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 |