Axis Magnus Credit Card - Features, Benefits, Fees & Charges

Axis Bank Magnus Credit Card (4.9)

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The Axis Magnus card is a premium credit card that helps you get the most out of your money. A lifestyle card for everyone that not just gives you the freedom to transact but also the ability to experience luxury and convenience without ever having to get off your seat. For everything from travelling to dining out, experience the world of premium benefits with this credit card.

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Welcome Bonus

1 Complimentary domestic flight ticket or Tata Cliq voucher worth ₹10,000.

Note:

  • Benefit is available to primary cardholder only.
  • Benefit can be availed within 6 months from card creation date
  • For flight tickets: Booking should be made at least 10 days prior to the date of travel and discount amount for each flight ticket is capped at ₹10,000. Flight bookings are subject to availability.
  • For Tata CLiQ voucher: Tata Cliq Gift Cards, including any unused Gift Card balances, expire one year from the date of issuance.
Lounge Access

Domestic Lounge Access

  • Unlimited free access to domestic lounges annually, applicable to both primary and add-on cardholders.

International Lounge Access

  • Unlimited free access to international lounges annually with Priority Pass.
  • Complimentary 8 international lounge access for guests.
     
Travel Benefit
  • Enjoy 8 complimentary end-to-end VIP services at the airport.
  • Global Travel and Medical Assistance like legal & medical service referral, emergency evacuation, etc.
  • Reduced mark-up fee of 2% on foreign transactions.
Reward Points
  • 25,000 Edge Rewards Points worth ₹5,000 on monthly spends of ₹1Lakh.
  • 5X Edge Rewards on travel spends via Travel Edge.
  • 12 Edge Rewards Points on every ₹200 that you spend.
Entertainment Benefit

Buy one ticket and get up to ₹500 off on the second ticket for a maximum of 5 movie/non-movie bookings in a month.

Dining Benefit

Enjoy up to 40% discount at over 4,000 restaurants across India.

Fuel Surcharge

Fuel surcharge waiver of 1% for transactions between ₹400 to ₹4000.
 

Concierge Services
  • 24x7 dedicated Concierge Services on flight bookings, table reservations, gift deliveries and more.
  • Avail of special VIP assistance services for a smooth and hassle-free airport transfer.
Insurance Benefit
  • Counterfeit/lost card liability upto credit limit
  • Purchase protection: ₹2 Lakhs
  • Loss/Delay in baggage & Personal Documents: 500 USD
  • Credit shield: ₹5 Lakhs
Other Benefit
  • Annual fee waiver on spend of ₹15 lakhs in the preceding year.
  • Healthcare packages and a range of privileges with SRL diagnostics, Dr. Lal PathLab and Metropolis.
  • Expert medical opinion from a panel of world-class specialists at leading institutions.
  • Virtual health assistance including tele-consultation, health coaching, home quarantine programs, personalized oncology care and more.
Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹ 10,000

Annual Fee

₹ 10,000

Annual Percentage Rate

42.58%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

Nil

Cash Advance Limit

NA

Card Replacement Fee

Free

Foreign Transaction Fee

2%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

1%

Reward Point Value

₹ 0.20
Late Payment Charges

balance below ₹500

₹ 0

balance from ₹501 to ₹5000

₹ 500

balance from ₹5001 to ₹10000

₹ 750

balance more than ₹10000

₹ 1200
Pros

Aspects that make this credit card amazing.

  1. No cash withdrawal charges.
  2. Low Foreign Transaction charges when compared to other cards.
  3. It offers 24x7 card assistance.
  4. Healthcare packages with SRL diagnostics, Dr. Lal PathLab and Metropolis.
  5. Expert medical opinion from world class specialists.
Cons

Aspects this credit card lacks.

  1. A high joining fee of ₹ 10,000 may limit accessibility for some.
  2. Obtaining add-on cards can be cumbersome but improvements are underway.
  3. No reward points on wallet, rent and EMI transactions.
Axis Bank Magnus Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(3.5)

Rewards

(4)

Customer Service

(4.2)

Axis Bank Magnus Credit Card Review

The Axis Bank Magnus Card is the ultimate in luxury credit cards. This card rewards you for living extravagantly and gives you plenty of exciting options to get your hands on a variety of rewards. However, it is important to note that the joining and annual fees for this card are relatively high, and is limited to high earners.

Overview

Best For Luxury Travel and Rewards

 

Joining Fee ₹ 10,000 plus applicable taxes

Annual Fee

₹ 10,000 plus applicable taxes
Welcome Bonus One Complimentary domestic flight ticket or Tata Cliq voucher worth ₹10,000.  
Card Network Mastercard

Who should get Axis Bank Magnus Credit Card?

The Axis Magnus Credit Card is suitable for high-net-worth individuals and frequent travellers who prioritize luxury lifestyle benefits, airport lounge access, and travel privileges. It charges a high annual fee but provides benefits like reward points, travel discounts, insurance covers, and concierge services. It is advisable to assess the card benefits and fees against your usage and requirements before applying.

Reward Points

  • Earn 12 Axis eDGE Reward Points on spends of every Rs. 200.
  • 5X Edge Rewards on travel spends via Travel Edge.
  • 25,000 Edge Rewards Points worth Rs. 5,000 on achieving Rs. 1 Lakh spends in a calendar month.

How to apply for Axis Magnus Credit Card?

  • Visit official website of Axis Bank.
  • Click on Credit Cards Tab.
  • Click on the "Apply Now" button for the Axis Magnus Credit Card.
  • Fill out the application form with your personal and financial details.
  • Upload the required documents such as identity proof, address proof, and income proof.
  • Review the information and submit the application.
  • Wait for the bank to process and approve your application.
  • Once approved, the credit card will be dispatched to your registered address.

Alternatively, you can also visit your nearest Axis Bank branch and fill out a physical application form along with providing the necessary documents.

Axis Bank Magnus Credit Card Eligibility

  • Age: 18 to 70 years.
  • Income: Salary of Rs.18 Lakhs per annum or Annual Income Tax Return of Rs.18 Lakhs.
  • Resident: Indian

Documents Required

  • Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
     
  • Proof of Address:  Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
     
  • Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.

Axis Bank Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

Axis Bank

Axis Bank Credit Card Customer Care Number:

1860 419 5555 / 1860 500 5555.

Axis Bank Card Offers:

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Axis Bank Magnus Customer Reviews

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Frequently Asked Questions

The travel benefits offered by Axis Magnus Credit Card are:

  • Choose between one complimentary domestic flight ticket and a Tata CLiQ voucher worth Rs.10000 as your annual benefit.
  • Enjoy 8 complimentary end-to-end VIP services at the airport.
  • Enjoy unlimited visits to select airport lounges in India.
  • Avail unlimited complimentary international lounge visits and 8 additional guest visits per year with the Priority Pass card.

Yes, you can withdraw money from the Axis Magnus Credit card, and it charges no cash withdrawal fee.
 

 The annual fee of Axis Magnus Credit Card is Rs 10000 plus applicable taxes and is waived off on spending Rs.15 lakhs in the preceding year.

The interest rate charged on Axis Magnus Credit Card is 3% per month and 42.58% per annum.
 

To apply for Axis Magnus Credit Card you should be atleast 18 years of age and have a salary of Rs.18 Lakhs per annum or Annual Income Tax Return filed for Rs.18 Lakhs. Also, you should be Resident of India.

The process to apply for Axis Magnus credit card is mentioned below.

Step 1: Visit select.finology.in.
Step 2: Click on the Credit Cards Tab from the menu and then click on Card Issuers.
Step 3: Click on ‘View Cards’ in the Axis Bank tab.
Step 4: Click on Axis Magnus Credit Card and then Click on Apply Now Button.
Step 5: Fill necessary details and click on submit to finish the process.

Axis Magnus is a travel credit card offered by Axis Bank. It is a premium credit card that offers various benefits like one complimentary domestic flight ticket, airport concierge service, access to international and domestic lounges, BookMyShow Benefits and many more.
 

The benefits offered by Axis Magnus Credit Card are:

  • Complimentary Flight ticket or TATA Cliq voucher worth ?10000 as a welcome bonus.
  • 8 complimentary end-to-end VIP services at the airport.
  • Unlimited complimentary international lounge visits and 8 additional guest visits per year with the Priority Pass card.
  • Buy one movie/non-movie ticket and get upto Rs.500 off on the second.
  • Enjoy upto 40% discount at over 4000 restaurants across India.
  • Virtual health assistance including tele-consultation, health coaching, home quarantine programs, personalized oncology care and more.
  • Annual fee of Rs 10,000 + Taxes waived off on spend of Rs.15 lakhs in preceding year.
  • 25,000 EDGE REWARDS Points worth Rs. 5,000 on monthly spends of Rs.1Lakh and much more.

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