Axis Bank Magnus Credit Card
The Axis Bank Magnus Credit Card is designed for individuals who enjoy a luxurious lifestyle. With a joining fee of ₹12,500, it offers benefits in travel and rewards. Cardholders can access domestic and international airport lounges and make international purchases with a low Forex Markup fee of 2%. Cash withdrawals are fee-free, though interest may apply. The high annual fee is waived for users who spend ₹25 lakhs or more in a year.
The card's reward system is one of its main attractions. Users earn 12 points for every ₹200 spent, with high spenders (₹1.5 lakh per month) earning 35 points per ₹200. However, spending on categories like fuel, utilities, and jewelry does not qualify for rewards or milestone benefits. Despite recent devaluations, it remains a strong option for high spenders.
Axis Magnus also allows users to transfer points to miles at a 5:2 ratio with various airline and hotel partners. However, its redemption rates are lower compared to competitors like HDFC Infinia. Travel partner restrictions may limit benefits for loyal users of specific airlines and hotels. To address this, Axis Bank introduced the Magnus Burgundy Credit Card, offering enhanced features for affluent customers.
Rewards and Benefits
Fees & Charges
Which card is better: Axis Magnus, Atlas, or Olympus?
The right card for you depends on your needs. Axis Magnus suits high spenders who enjoy luxury perks like unlimited lounge access and hotel benefits. If you’re a frequent traveler, the Axis Atlas card is a better option as it gives you Edge Miles for flights and hotel bookings. The Axis Olympus card is for those willing to pay a Rs. 20,000 annual fee in exchange for top-tier rewards, luxury hotel benefits, and concierge services.
What welcome benefit does the Axis Magnus Credit Card offer?
The Axis Magnus Credit Card has a joining fee of Rs. 12,500, but you’ll receive a Luxe gift card or The Postcard Hotels voucher of the same value once you pay it. Plus, if you spend Rs. 25 Lakh in a year, the renewal fee is waived.
Is the Axis Magnus Credit Card made of metal?
Yes, the Axis Magnus Credit Card is a metal card with benefits in areas like travel, dining, and lifestyle. However, it requires an annual income of Rs. 24 Lakh to qualify.
What is the credit limit for the Axis Magnus Credit Card?
The credit limit for the Axis Magnus Credit Card is based on your credit score, financial history, and job profile. You’ll find out the exact limit when the bank approves your card.
What airport lounge access do add-on members get with the Magnus Credit Card?
Both the primary and add-on members enjoy unlimited domestic lounge access if they spend Rs. 50,000 in the past three months. They also get unlimited international lounge access with Priority Pass and four guest visits each year.
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