Axis Bank Magnus Credit Card
Axis Bank Magnus Credit Card is super premium credit card offered by axis bank. It is premium travel credit card with high reward rate, amazing redemption ratio and milestone benefits. The card offer unlimited Domestic & International lounge access which makes this card a premium travel credit card. The card target high net worth individuals who spent lot on luxurious lifestyle. It is also have low Foreign markup fee that is 2%. It is having high joining and annual fee of ₹ 12,500 which can be waived of on spending ₹ 25 lakh in an anniversary year. This card comes with more rewards and benefits for detailed please read the below article.
JOINING FEE
Rs.12500+GST
RENEWAL FEE
Rs.12500+GST
BENEFITS
Unlimited Domestic and International Lounge.
REWARDS &CASHBACK
30% Discount at 4000+ Restaurant at Axis Dining Delight Program.
Edge Reward Points
- Get 12 Edge reward points for every Rs.200 spent, cumulative monthly spend of upto Rs.1.5lakh.
- Get 35 accelerated Edge reward points for every Rs.200 spent above cumulative monthly spend of upto Rs.1.5lakh.
- Get 60 Edge reward point for every Rs.200 spent of Axis Travel edge portal, cumulative monthly spend of upto Rs.2lakh.
- Get 35 accelerated Edge reward point for every Rs.200 spent of Axis Travel edge portal above cumulative monthly spend of upto Rs.2lakh.
- You can get reward point on rent payment for transaction upto Rs.50000.
- No reward points on utilities, Govt.Institution, Insurance, Fuel, Education, Gold/Jewellery.
Magnus Edge Reward Points Redemption
- You can redeem the edge reward points for different brand vouchers like flipkart & amazon, fashion, lifestyle etc on Axis reward edge portal. The value of 1edge point = ₹0.2
- You can also transfer edge reward point into partner airlines or hotel through miles transfer program in the ratio of 5:2. 5 edge point = 2 partner miles.
- In miles transfer program customer can transfer maximum 1 lakh edge reward point to Group A & 4 lakh reward point to Group B in a calendar year.
| Group A | Group B |
|---|---|
|
Accor Hotels |
Air France-KLM (Flying Blue)
|
|
Air Canada |
Air India |
|
Ethiopian Airlines |
Air Asia
|
|
Etihad (Etihad Guest) |
ITC |
|
Japan Airlines |
IHG Hotels & Resorts |
|
Marriott International |
Qantas Airways |
|
Qatar Airways |
Spice Jet |
|
Singapore Airlines |
|
|
Turkish Airlines |
|
|
Thai Airways |
|
|
United Airlines |
|
|
Wyndham Hotels |
|
Features & Benefits
Welcome Benefits
- Cardholder will get ₹ 12500 worth of gift voucher as welcome benefits. They have to choose from brands such as Luxe, postcard hotels or yatra.
Fuel Surcharge Waiver
- Get 1% Fuel surcharge waiver on all fuel transaction between Rs.400 to Rs.4000. Maximum waiver is Rs.400 per month.
Oberoi & Trident Hotels
- Get upto 15% off on Domestic & International properties of Oberoi & Trident.
- Get 3rd night stay complimentary, (limited period offer with blackout dates).
Spend Based Waiver
- The Annual fee ₹12500+ taxes will be waived on spend of ₹25 lakh in anniversary year.
Dining Benefits
- You can get upto 30% off upto ₹1000 at 4000+ partner restaurant across India with Axis bank dining delight.
Complimentary Airport Lounge
- Unlimited Domestic lounge access for primary as well as addon card holder and also 4 guest visit in year.
- Unlimited International lounge access for primary card holder and 4 guest visit in a year. International lounge access will be through priority pass program.
- There will be minimum spend criteria to access lounge that is Rs.50000 in quarter.
Fees & Charges
Foreign Currency Markup
- The card come with decent foreign currency markup fee that is 2% of total transaction amount. So if you are looking of any international travel & International transaction credit card you can go for this.
Finance Charges & Cash withdrawal Fee
- Interest rate is 3% per month that is 42.58% per annum.
- Cash withdrawal fee is NIL.
- New Axis Magnus Burgundy Credit Card
- Axis Bank has launched new version of magnus credit card that is Axis Magnus Burgundy card for Burgundy account holder.
- It comes with high joining and annual fee that ₹30000 + taxes.
- It has higher edge point to miles ratio transfer value that is 5:4 ratio. 5 Edge point = 4 Partner miles
- In this card total 10 lakh edge point can be tranfer to partner miles that is 2 lakh in Group A & 8 lakh in Group B.
- Final Thoughts
Axis bank Magnus credit card is one of the best travel and rewarding credit card currently in the market. It is a premium credit card for high net worth individuals who want luxury lifestyle. It comes with great benefits like in travelling unlimited airport lounge access in domestic & International, dining, Miles transfer program, low foreign markup fee and much more. The card much focus on edge miles transfer program and looking exclusion of certain categories its become quite challenging to accumulate edge reward points. But still apart from this it comes with great benefits, please let us know below what do you feel about this credit card and if you have another credit card in mind which can compete this card please let us know in comment section.
- Frequently Asked Questions
Do I get both complimentary Domestic & International lounge access in Axis Bank Magnus Credit Card?
Yes you will get both Unlimited domestic and international lounge access complimentary on minimum spend of ₹50k in previous quarter.
What is validity of Axis Edge Reward Points?
The Axis edge Reward point is valid for three years from the date of credition.
Does Axis Bank Atlas credit card have spend based annual fee waiver?
Yes on spending of ₹ 25lakh in previous year.