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Axis Bank

AXIS BANK MAGNUS Credit Card

Axis's flagship rewards card — a genuinely tiered earn rate that nearly triples once monthly spend passes ₹1.5 lakh, unlimited lounge access, and points that redeem only through a catalogue with no confirmed rupee value at all.

Joining fee
₹12,500
Annual fee
₹12,500
Status
Open
Verified
28 August 2026
AXIS BANK MAGNUS Credit Card

Fees

Joining fee
₹12,500
Annual fee
₹12,500
Fee waiver
Waived above ₹25,00,000 annual spend
Forex markup
2%
Monthly finance charge
3%

Rewards

reward points

  • everything-else: 12 points / ₹200Up to ₹1.5 lakh of spend per calendar month
  • everything-else: 35 points / ₹200Incremental spend above ₹1.5 lakh per calendar month
  • travel-flights, travel-hotels: 60 points / ₹200Bookings via Axis Bank's Travel EDGE portal, stated as "5X" — interpreted here as 5x the base 12-point tier.

Milestone rewards

  • ₹0 spend: Choice of a ₹12,500 voucher (Luxe gift card, The Postcard Hotels, or Yatra)

No general rupee redemption rate is stated; points redeem only against a travel/electronics catalogue or partner-store purchases. Also converts at "2 partner miles for every 5 EDGE Reward points" across 20 named travel partners — a conversion ratio, not a rupee value. A discounted-rate Burgundy variant ("Magnus Credit Card for Burgundy") is mentioned on the same page with a ₹30,000 fee waived at ₹30 lakh spend, but is not separately verified here.

Travel

Forex markup
2%

Unlimited complimentary international lounge visits (via Priority Pass) plus 4 guest visits a year, and unlimited complimentary domestic lounge visits — both stated as unlimited, so no numeric visit count is recorded; a fixed guest-visit count (4/year) applies only to the international side.

Eligibility

Not published by the issuer.

No specific eligibility criteria published by the issuer.

Why this card may suit you

  • The annual fee is waived once you spend 25,00,000 in a year.

Source & Verification

Verified from official issuer sources. Last verified 28 August 2026

View issuer page ↗

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An entry-level card whose real value is the lounge and cinema benefits, not the rewards. The reward points earn into a goods catalogue with no published rupee value, so treat the rate as unknown rather than as cashback.

Joining
₹500
Annual
₹500
Base reward
0.8% everything else
Forex
3.5%
Lounge
1/qtr domestic lounge