Axis Bank offers several rewarding credit cards in its lineup. The Magnus card was once a top-tier option but has seen significant devaluations in recent years.
Although the current Axis Magnus Credit Card retains reduced benefits, the bank introduced the Magnus Burgundy Credit Card for affluent customers seeking stronger perks.
Below is an updated overview of the Axis Bank Magnus Credit Card as it stands in 2025.
Table of Contents
- Overview
- Fees
- Design
- Rewards
- Accelerated Rewards
- 5X on Travel Edge
- Redemption
- Airport Lounge Access
- Forex Markup Fee
- Features & Benefits
- How to Apply?
- Bottom line
Overview
| Type | Super Premium Credit Card |
| Reward Rate | 2.4% to 12% |
| Annual Fee | 12,500+GST |
| Best for | Travel Edge & High Value Spends |
| USP | Airline/Hotel transfer Partners |
Even after multiple devaluations, the Axis Bank Magnus credit card can still be rewarding for high spenders who take advantage of points transfers to airline and hotel partners.
Fees
| Joining Fee | 12,500 INR+GST |
| Welcome Benefit | Equivalent Welcome Gift |
| Renewal Fee | 12,500 INR+GST |
| Renewal Benefit | Nil |
| Renewal Fee waiver | On spending >25 lakhs |
- Welcome Gift options include Yatra voucher (flights), Luxe voucher, or PostCard hotels credit.
- Spending thresholds for fee waiver exclude insurance, gold and fuel transactions.
After your first transaction you receive an SMS link to redeem the welcome benefit quickly.
Design
The Magnus now ships in a metal format on the Visa Infinite platform. The card’s design is premium regardless of material, and the main difference from older plastic versions is weight rather than features.
Rewards
| SPEND TYPE | REWARDS | REWARD RATE (Edge Rewards Portal) |
REWARD RATE (Points Transfer) |
|---|---|---|---|
| Regular Spend | 12 RP / 200 INR | 1.2% | 2.4% |
| Axis Travel Edge Portal (5X) | 60 RP / 200 INR | 6% | 12% |
The baseline reward rate on the Edge Rewards portal is modest unless you convert points to transfer partners. Occasional promotional multipliers have appeared in the past, but are not guaranteed.
For the best value, convert Edge Rewards to partner airline or hotel points rather than redeeming directly through the portal.
Exclusions for Rewards:
- Rent (capped at 50,000 INR per month)
- Wallet, utilities and government payments
- Insurance, gold and jewellery purchases
- Fuel purchases
Accelerated Rewards
- When monthly spends exceed 150,000 INR: earn 35 points / 200 INR (~7% as miles).
Spending over 300,000 INR per month improves returns further, approaching an average ~5% effective return depending on redemptions.
5X on Travel Edge
- Earn 60 points / 200 INR (~12% as miles) on Travel Edge up to 200,000 INR monthly spend.
- Beyond 200,000 INR monthly spend, earn 35 points / 200 INR (~7% as miles).
While 5X on Travel Edge delivers strong returns, using the Travel Edge portal can be less straightforward than booking directly with other travel-focused cards. Depending on your needs, the Axis Atlas card can offer simpler travel returns for many users.
Redemption
- Convert Edge Rewards to airline or hotel points at a 5:2 ratio (Edge points : partner points).
- Annual transfer cap: up to 500,000 Edge points per calendar year (100,000 to Group A partners and 400,000 to Group B partners).
| Group A | Group B |
|---|---|
| Accor (Hotels) | ITC (Hotels) |
| Marriott (Hotels) | IHG (Hotels) |
| Wyndham (Hotels) | Qantas Airways |
| Air Canada | Air India |
| Qatar Airways | Air France |
| United Airlines | SpiceJet |
| Singapore Airlines | AirAsia |
| Turkish Airlines | |
| Thai Airways | |
| Japan Airlines | |
| Ethiopian Airlines | |
| Etihad Airways |
Popular redemption choices include Accor (approx. 1.8 INR per Accor ALL point) in Group A and ITC (approx. 1 INR per ITC Green point) in Group B, offering reasonable value when transferring points.
Airport Lounge Access
| Access type | Via | Limit | Guest Access |
|---|---|---|---|
| Domestic Lounge Access | Visa / Mastercard | Unlimited | 4 |
| International Lounge Access (Primary) | Priority Pass | Unlimited | 4 |
Guest access is allowed up to four visits per card anniversary year, which can cover family access on occasional trips.
Note: From 1 May 2024, domestic lounge access requires cumulative spending of 50,000 INR in the preceding three calendar months.
Forex Markup Fee
- Foreign currency markup fee: 2% + GST = 2.4%.
- Net return on foreign spends if you transfer points: roughly rewards minus markup (for many users this results in near break-even).
Non-Burgundy cardholders who convert points to partner miles often see little to no net gain on forex transactions unless they benefit from accelerated rewards at higher spend levels.
Features & Benefits
- No cash withdrawal fee (finance charges still apply).
- 1% fuel surcharge waiver (applicable from 400 INR to 4,000 INR transactions).
- Buy 1 Get 1 BookMyShow offer discontinued from April 2024.
- Airport meet & greet service discontinued from April 2024.
- Milestone benefits discontinued from 1 September 2023.
How to Apply?
You can apply online through the Axis application process. The bank has been processing new credit card applications relatively quickly, and approvals often arrive within a week. You don’t need an Axis savings account to hold an Axis credit card.
Bottom line
- Cardexpert Rating: 3.8/5
The Axis Bank Magnus Credit Card was once among the bank’s standout products. While it no longer matches its former value, it can still be worthwhile for cardholders who spend more than 150,000 INR per month and who maximize point transfers to partner airlines and hotels, keeping in mind the listed exclusions.
For many users, the Axis Atlas Credit Card is a simpler and often more cost-effective travel option at roughly half the fee. However, high spenders may find value in holding both cards due to transfer caps and differing benefits.
If you hold the Axis Magnus Credit Card, you may share your experience in the comments below.