Axis Bank Magnus Credit Card
Axis Bank · Visa + RuPay · Super Premium card
Fills the important premium gap between Axis Atlas and Magnus for Burgundy with broad lounge access.
High spenders who use lounges frequently and can extract value from Travel EDGE transfers.
Terms checked 23 Sept 2026
- Annual fee
- ₹12,500 + GST
- Joining fee
- ₹12,500 + GST
- Base reward rate
- 1.2%
- Forex markup
- 2%
Reward rates by spending category
Published catalogue rates before caps and merchant-category exclusions.
| Category | Recorded rate |
|---|---|
| Online shopping | 1.2% |
| Groceries & essentials | 1.2% |
| Dining & delivery | 1.2% |
| Travel & hotels | 1.2% |
| Beauty & wellness | 1.2% |
| Entertainment & movies | 1.2% |
| Healthcare & pharmacy | 1.2% |
| Subscriptions & streaming | 1.2% |
| Offline store shopping | 1.2% |
| International spending | 1.2% |
| House rent | 1.2% |
| Other miscellaneous | 1.2% |
| Fuel & commute | 0% |
| Bills & utilities | 0% |
| Education & family | 0% |
| Gold & jewellery | 0% |
| Insurance premiums | 0% |
Caps and fee waiver
- Reward caps
- No general cap recorded
- Annual fee waiver
- At ₹25,00,000 annual spending
- Monthly income requirement
- Approx. ₹2,00,000/month
Airport lounge access
Unlimited domestic airport lounge visits • Unlimited international airport lounge visits
1 domestic airport lounge visit per year · Issuer card
Guest access: Not available
Requires ₹50,000 per Rolling three calendar months for the following calendar quarter
1 international airport lounge visit per year · Priority Pass
Guest access: Chargeable
Four complimentary accompanying guest visits per calendar year.
Spend condition: Domestic access is subject to ₹50,000 spend in the preceding three calendar months.
Benefits & conditions
Expand a category to see recorded benefits, fees and eligibility, with conditions and links to the sources. Categories without recorded details are grouped below; missing information does not mean a benefit is unavailable.
Rewards and cashback · 7 items
Travel EDGE rewards
Usage-based valueTravel EDGE earns 60 points per ₹200 up to ₹2 lakh in a calendar month and 35 points per ₹200 thereafter.
Conditions: Travel EDGE earns 60 points per ₹200 up to ₹2 lakh in a calendar month and 35 points per ₹200 thereafter.
Eligible rent points
Usage-based valueTwelve points per ₹200 on the first ₹50,000 of eligible rent each calendar month.
Standard and accelerated monthly rewards
Usage-based valueTwelve points per ₹200 up to ₹1.5 lakh cumulative eligible monthly spend and 35 points per ₹200 on the incremental amount, subject to the issuer credit-limit ceiling.
Magnus RuPay UPI support; 35-point earning on UPI is capped to ₹50,000 monthly
Shown without a cash valueAnnual partner-transfer cap of 5 lakh points, split across published partner groups
Shown without a cash valueTwelve points per ₹200 up to ₹1.5 lakh monthly and 35 points thereafter
Shown without a cash valueTravel EDGE earns 60 points per ₹200 up to ₹2 lakh monthly and 35 thereafter
Shown without a cash value
Fees · 2 items
Annual card fee
Cost ₹12,500₹12,500 annual fee before applicable tax.
Joining fee
Cost ₹12,500₹12,500 one-time joining fee before applicable tax.
Fee waiver · 1 item
Annual fee waiver
Usage-based · up to ₹12,500Annual fee may be waived after ₹25,00,000 of eligible annual spending.
Conditions: Reach ₹25,00,000 eligible annual spending
Exclusions: billsUtilities · goldJewellery · rent · insurance
Welcome benefits · 1 item
₹12,500 welcome voucher choice
Recorded value ₹12,500Choice of a Luxe gift card, The Postcard Hotels voucher or Yatra voucher.
Conditions: Pay the applicable joining fee · Meet the issuer fulfilment conditions and voucher-validity rules
Airport lounge access · 3 items
Domestic lounge access
Usage-based valueUnlimited visits through Issuer card. Guest access: not available.
Conditions: Spend ₹50,000 per rolling three calendar months
International lounge access
Usage-based valueUnlimited visits through Priority Pass. Guest access: chargeable. Four complimentary accompanying guest visits per calendar year.
Four complimentary international lounge guest visits per calendar year
Shown without a cash value
Insurance and protection · 2 items
Travel-document, baggage-delay and baggage-loss protection under Axis policy limits
Shown without a cash valuePurchase protection and credit-shield cover under issuer terms
Shown without a cash value
Concierge · 1 item
24-hour concierge and current luxury-hotel privileges
Shown without a cash value
Foreign-currency charges · 1 item
Foreign-currency markup
Usage-based value2% foreign-currency markup before applicable tax.
Conditions: Applies to eligible foreign-currency transactions
Eligibility and availability · 1 item
Application eligibility
Shown without a cash valueApplication availability: open. Published minimum monthly income: ₹2,00,000. The published salaried monthly income threshold is ₹2 lakh; self-employed approval remains issuer-assessed.
Other benefits · 1 item
1% fuel-surcharge waiver on ₹400-₹4,000 transactions, capped at ₹400 monthly
Shown without a cash value
Other categories (8)
These categories have no detailed entries. We distinguish confirmed absences from information that still needs review.
Spend milestones
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Card tiers
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Movies and entertainment
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Travel privileges
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Dining
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Golf
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Fuel benefits
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Memberships
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Official source 3 ↗
What stands out
- ✓ Twelve points per ₹200 up to ₹1.5 lakh monthly and 35 points thereafter
- ✓ Travel EDGE earns 60 points per ₹200 up to ₹2 lakh monthly and 35 thereafter
- ✓ Unlimited domestic and international lounge access plus four international guest visits yearly
- ✓ Choice of a ₹12,500 welcome voucher and a ₹25 lakh renewal-fee waiver
What to watch
The ₹12,500 fee and ₹25 lakh waiver threshold are very high. Most catalogue redemptions value points at ₹0.20, transfer ratios vary, and regulated categories plus accelerated-portal spend have detailed exclusions.
Recorded exclusions
Fuel Commute · Bills Utilities · Education Family · Gold Jewellery · Insurance · Government payments · Wallet load · Gift cards · Fees charges · Cash withdrawal
How GainFair evaluates this card
The personal card advisor applies your monthly spending to category rates, limits rewards at the applicable caps, adds eligible movie, milestone and lounge value, and subtracts annual fees plus foreign-currency markup and GST. It can recommend keeping your current cards when a new card does not create enough incremental value.
Affiliate disclosure: Affiliate link · GainFair may earn a commission if you complete a qualifying action. You pay nothing extra, and compensation never affects recommendations or rankings. Read the full disclosure.
Compare against
These cards have the closest mix of purpose, reward style, fee model and tier. They are suggestions for comparison, not rankings.
Card change history
Material changes verified against dated issuer notices. Effective dates can differ from announcement dates.
- Terms updated
Gift-card classification and exclusion schedule revised
Axis Bank separated gift cards from wallet transactions while retaining their exclusion from Magnus reward and waiver calculations.
- Before
- Gift cards were grouped with wallet transactions.
- After
- Gift cards use a separate category and remain excluded under the current Magnus terms.
Checked 23 Sept 2026Axis Magnus current benefit terms ↗
Issuer sources
Open the sources used for this card's product details, rewards, fees and eligibility.
Sources checked 23 Sept 2026 · Latest recorded change effective 28 Aug 2026