Looking for a detailed & updated review of Magnus Credit Card? Please check out here: Axis Magnus Credit Card Review
Axis Bank, after launching the popular Flipkart Credit Card—a strong option for beginners—has turned its attention to high-end customers. The bank already offers an invite-only product, Axis Reserve, which carries a Rs. 30,000 joining fee. To expand its presence among premium cardholders, Axis has introduced the new Axis Bank Magnus Credit Card, issued on the Mastercard network.
Axis Bank has catered to premium travelers with offerings such as the Vistara Infinite Credit Card, but that card’s value is limited for customers who don’t fly with Vistara often. The Magnus card is designed to attract affluent customers who want a broader set of lifestyle and travel privileges without airline-specific constraints.
Features Overview
- Rewards Earn Rate: 1.2% (regular) and up to 2.4% on partner bookings (Yatra, Goibibo, etc.)
- Airport Meet & Assist: 8 complimentary meet & greet services
- Domestic Airport Lounge Access: Unlimited access for primary and supplementary cardholders via Mastercard lounges
- International Airport Lounge Access: 8 visits per year through Priority Pass by default, plus 4 additional visits the following year on annual spends of Rs. 7 lakh. The allowance can be used for guest access as well, a notable benefit in India.
- Movie Benefit: BookMyShow Buy 1 Get 1 offer up to Rs. 500 per ticket. Valid for both movie and non-movie tickets (events, activities) and usable up to five times a month.
- Dining Benefit: Dineout Plus membership with savings at premium restaurants (approximately 25% off at select five-star dining partners)
- Hotel Benefit: Offers at Oberoi hotels, including a 15% discount on BAR and complimentary upgrades when available
- Wellness Benefits: Curated wellness and lifestyle privileges
- Concierge Services: 24/7 concierge for travel, dining, gifting, shopping and events
- Foreign Currency Markup Fee: 2% + GST
- Credit Shield: Insurance cover up to Rs. 5 lakh
These benefits cover key lifestyle categories: travel, dining, entertainment, hotels and wellness. The included 8 Airport Meet & Greet services are particularly compelling and exceed what some competing premium cards offer—for example, certain other top-tier products limit meet & greet to far fewer uses.
Fees & Charges
- Joining Fee: Rs. 10,000 + GST
- Welcome Benefit: One-way flight ticket up to Rs. 10,000
- Renewal Fee: Rs. 10,000 + GST (waived on annual spend of Rs. 15 lakh)
- Eligibility: Income Tax Return (ITR) of Rs. 18 lakh and above
To apply, use the bank’s application form. Existing Axis Bank cardholders must submit a new application if they want the Magnus card, since Axis permits customers to hold multiple credit cards simultaneously rather than forcing an upgrade or conversion.
Final Thoughts
The Axis Bank Magnus Credit Card is a thoughtfully packaged premium product with a clean, vertical card design and benefits that match its annual fee. Its strongest distinguishing features are the Airport Meet & Greet services, unlimited domestic lounge access and the flexibility to use international lounge visits for guests—a relatively rare offering in India. These travel conveniences are especially valuable for frequent family travelers or anyone who wants to streamline time spent at busy airports.
If your priority is purely maximizing reward rates, Magnus may not be the top choice, as its structure emphasizes premium experiences and privileges over the highest possible cashback or points per rupee. For customers who value time-saving services, concierge support and elevated travel experiences, the card represents a strong proposition.
Overall, Magnus strengthens Axis Bank’s premium credit card lineup and positions the bank well against other top-tier issuers. The combination of travel, dining, entertainment and wellness benefits makes it an attractive option for affluent customers seeking a comprehensive lifestyle card.
Would you get the Axis Bank Magnus Credit Card? Feel free to share your thoughts in the comments below. A detailed review of the same should come very soon as well.