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Axis Bank Magnus Credit Card
92/100
Axis Bank
Premium travel card with accelerated EDGE rewards and unlimited lounges
Credwiser Score 92/100

Axis Bank Magnus Credit Card

Axis Bank • Premium travel card with accelerated EDGE rewards and unlimited lounges

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Magnus is Axis Bank flagship travel and lifestyle card built for very high spenders. It pays a strong base earn that steps up sharply after ₹1.50 lakh of monthly spends, and points can be transferred to a wide set of airline and hotel partners. The high fee is justified only if you use the lounge access, transfer partners and milestone earn regularly.

Annual Fee (+ 18% GST)₹12,500 (₹14,750 incl. GST)
Fee WaiverAnnual fee waived on spends of ₹25,00,000 in the preceding card anniversary year
Joining PerkChoice of welcome voucher worth ₹12,500 from partner brands on card activation
Primary Reward12 EDGE Reward Points per ₹200 on spends up to ₹1.50 lakh per month and 35 EDGE Reward Points per ₹200 on incremental spends above that, with 5X points on Travel EDGE spends
Airport Lounge AccessUnlimited Domestic and International Lounge visits for the primary cardholder, including Priority Pass access and complimentary guest visits in a year
Forex Markup2% + 18% GST
RuPay UPINo
Best ForHigh spenders and frequent flyers who can cross ₹1.50 lakh monthly spends and use miles transfer partners

What We Like

  • Accelerated earn of 35 points per ₹200 after ₹1.50 lakh monthly spends
  • Unlimited domestic and international lounge access with low 2% forex markup
  • Points transfer to 20 travel partners for flight and hotel redemptions

Watch Out

  • Very high annual fee of ₹12,500 plus GST
  • Fee waiver needs ₹25 lakh annual spends, which suits only top spenders
  • Best value needs miles transfers, while voucher redemption value is lower

MITC & Hidden Charges

Annual fee ₹12,500 plus 18% GST, total ₹14,750. Other charges as per the issuer's MITC.

Axis Bank Magnus Credit Card FAQs

What is the annual fee of Axis Magnus?

The annual fee is ₹12,500 plus GST, and it is waived on spends of ₹25 lakh in the preceding card anniversary year.

What forex markup does Magnus charge?

Magnus charges a reduced foreign currency markup of 2% plus GST, which is lower than most Axis cards at 3.5%.

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