At a Glance
Key Benefits
Rs 12,500 welcome, 12-60 RP/Rs 200, unlimited lounges, 2% forex, 30% dining discounts
Lounge Access
Unlimited domestic (Rs 50K spend required) + unlimited international via Priority Pass
Eligibility
Rs 24 LPA minimum income. Age 18-70 years.
Quick Details
Reward Structure
Base (up to Rs 1.5L/month)
Accelerated (Rs 1.5L to credit limit + Rs 1.5L)
Travel Edge Portal
Travel Edge (above Rs 2L/month)
Rent Payments (capped at Rs 50K/month)
Reward Calculator
Milestone Benefits
Choice of one-way domestic flight ticket, Luxe Gift Card, or PostCard Hotels voucher worth Rs 12,500
value
Annual fee waiver on Rs 25 lakh spend (excludes insurance, gold/jewelry, fuel)
Spend ₹25,00,000 within 365 days
value
Airport Lounge Access
visits
+ 4 guest visits
Unlimited domestic lounge access. Requires Rs 50,000 spend in previous 3 months. 4 guest visits/year.
visits
+ 4 guest visits
Unlimited international lounge access via Priority Pass. 4 guest visits included.
Insurance Coverage
Lost Card
₹5,00,000
Credit Shield - coverage in case of loss/theft of card
Purchase Protection
₹2,00,000
Purchase protection for items bought using the card
Air Accident
₹1,00,00,000
Air accident cover when ticket booked using the card. Coverage for card with highest insurance limit applies if multiple cards.
Baggage Loss
₹50,000
Baggage loss/delay cover for international flights when ticket booked using card
Lifestyle Perks
Dining
30.00% off
Up to 30% off at 4,000+ restaurants via Axis Bank Dining Delights (EazyDiner)
Category Rankings
See how this card performs in different spending categories compared to other cards.
Quick Analysis
The Axis Magnus is a powerful travel card with unlimited lounge access and great rewards for high spenders. However, the 2024 changes have reduced its appeal - removal of BOGO movies, concierge, and stricter lounge conditions hurt the value proposition. Best suited for very high spenders who can maximize the accelerated rewards and Travel Edge portal.
Pros
- Unlimited domestic and international lounge access
- Excellent rewards on Travel Edge portal (up to 12% value)
- Welcome benefit worth Rs 12,500 (flight ticket/voucher)
- Accelerated rewards above Rs 1.5L monthly spend
- Transfer to airline/hotel partners at 5:2 ratio
- Low 2% forex markup
- No cash withdrawal fee
- Up to 30% dining discounts via EazyDiner
Cons
- High annual fee of Rs 12,500
- Very high spend threshold (Rs 25L) for fee waiver
- Lounge access requires Rs 50K spend in previous 3 months
- BOGO movies and concierge removed in 2024
- 5:2 transfer ratio (not the best)
- Guest lounge visits reduced to 4/year
- NO rewards on: Insurance, Fuel, Gold/Jewelry, Government, Utility/Telecom
- Rent payments capped at Rs 50K/month for rewards
- Transfer cap: 1L to Group A partners, 4L to Group B partners annually
Best For
High-income travelers, frequent flyers, Rs 25L+ annual spenders
Not Ideal For
Moderate spenders, those seeking consistent lounge access, budget travelers
The Axis Bank Magnus Credit Card is a super-premium travel card designed for high-net-worth individuals who value unlimited lounge access and travel rewards. With a Rs 12,500 welcome benefit and accelerated rewards on Travel Edge portal, it caters to frequent travelers.
However, the 2024 changes have made the card more restrictive, with lounge access now tied to spending thresholds and several benefits removed.
What is Axis Magnus?
Axis Magnus is one of India's top-tier credit cards, positioned as a premium travel and rewards card. It competes with HDFC Infinia and Diners Club Black but takes a different approach with its tiered reward structure.
The card is best suited for very high spenders who can utilize the Travel Edge portal and meet the Rs 1.5L+ monthly spend thresholds for optimal rewards.
Benefits
- Rs 12,500 Welcome: Flight ticket, Luxe Gift Card, or hotel voucher
- Unlimited Lounges: Domestic and international via Priority Pass
- Travel Edge 60X: Up to 60 points per Rs 200 on portal
- Accelerated Rewards: 35 points per Rs 200 above Rs 1.5L/month
- Partner Transfers: 5:2 ratio to airlines/hotels
- Low Forex: 2% markup on international transactions
- No Cash Fee: Free ATM cash withdrawals
- 30% Dining: Discounts at 4,000+ restaurants via EazyDiner
- Fuel Surcharge: 1% waiver on Rs 400-4,000 transactions
Welcome Benefit (Choose One)
- One-way domestic flight ticket worth Rs 12,500
- Luxe Gift Card worth Rs 12,500
- PostCard Hotels voucher worth Rs 12,500
Annual Fee Waiver
Spend Rs 25 lakh in the preceding year to get annual fee waived. Note: Insurance, gold/jewelry, and fuel spends are excluded from this calculation.
Domestic Lounge Access
Unlimited domestic lounge access, but requires minimum Rs 50,000 spend in the previous 3 calendar months. New cards are exempted for month of issuance + 3 months.
International Lounge Access
Unlimited complimentary international lounge access via Priority Pass membership.
Guest Visits
4 complimentary guest visits per year across domestic and international lounges combined.
Tiered Earning Structure
| Spend Category | Points per Rs 200 | Monthly Cap |
|---|---|---|
| Base spends | 12 EDGE Points | Up to Rs 1.5L/month |
| Above Rs 1.5L (accelerated) | 35 EDGE Points | Credit limit + Rs 1.5L |
| Travel Edge Portal | 60 EDGE Points | Up to Rs 2L/month |
| Travel Edge (above Rs 2L) | 35 EDGE Points | No cap |
| Rent Payments | 12 EDGE Points | Rs 50K/month |
Reward Exclusions (NO Points)
- Insurance transactions
- Fuel transactions
- Gold & Jewelry purchases
- Government payments
- Utility & Telecom bills
- Wallet recharges
- Cash advances
Transfer Partners (19 total)
Transfer at 5:2 ratio (5 EDGE Points = 2 Partner Miles)
Group A Partners (Max 1L points/year)
Singapore Airlines KrisFlyer, Qatar Airways, United MileagePlus, Turkish Miles&Smiles, Thai Airways, Qantas, Aeroplan
Group B Partners (Max 4L points/year)
Club Vistara, InterMiles, British Airways Avios, Marriott Bonvoy, ITC Hotels, Accor, Wyndham, and more
Annual Transfer Caps
- Total: 5,00,000 points/year to partners
- Group A: Maximum 1,00,000 points/year
- Group B: Maximum 4,00,000 points/year
Points Validity
EDGE Reward Points are valid for 3 years from the date of accumulation.
Primary Fees
| Fee | Amount |
|---|---|
| Joining Fee | Rs 12,500 + taxes |
| Annual Fee | Rs 12,500 + taxes |
| Fee Waiver | Rs 25L annual spend |
Other Charges
| Charge | Rate |
|---|---|
| Interest Rate | 30% p.a. (2.5%/month) |
| Forex Markup | 2% |
| Cash Withdrawal | Free |
| Late Payment | 3% (min Rs 100) |
Income Requirements
| Category | Requirement |
|---|---|
| Minimum Annual Income | Rs 24,00,000 |
| Monthly Equivalent | Rs 2,00,000 |
Other Criteria
- Age: 18-70 years (primary), 15+ years (add-on)
- Credit Score: 750+ recommended
Conclusion
The Axis Magnus has seen significant devaluations in 2023-2024, reducing its once-stellar value proposition. The removal of monthly milestone benefits (25,000 points on Rs 1L spend), BOGO movies, concierge services, and the addition of spend-based lounge restrictions have hurt its appeal.
However, for very high spenders who can:
- Spend above Rs 1.5L/month to trigger accelerated rewards
- Utilize Travel Edge portal for up to 12% value
- Meet Rs 50K quarterly spend for lounge access
- Strategically transfer to Group B partners within caps
The Magnus still delivers solid value, especially with unlimited lounge access and low 2% forex markup. But competitors like HDFC Infinia and Diners Club Black now offer more consistent value without complex tiered structures and caps.
Frequently Asked Questions
What is the annual fee for Axis Bank Magnus?
What is the reward rate on Axis Magnus?
How does lounge access work on Axis Magnus?
What is the welcome benefit on Axis Magnus?
How can I transfer Axis Magnus reward points?
What changed in Axis Magnus in 2024?
What is the eligibility for Axis Magnus?
User Reviews
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