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Axis Bank Magnus Credit Card

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Updated: 09-02-2023 07:19:44 AM

Axis Magnus Credit Card is a super-premium credit card offering strong benefits across multiple categories. The card is at par with other popular super-premium cards like HDFC Diners Club Black and HDFC Infinia, even surpassing them in certain categories. Axis Magnus offers major benefits across travel and rewards categories, along with offers on movies and dining. The card is available in metal form adding to its premium quotient. Indian Residents with an annual income of Rs. 18 Lakh or more can apply for this credit card.

Here is all you need to know about Axis Magnus Credit Card and how it compares with other premium cards in the market.

Welcome Benefit
Travel Benefits
Reward Points
Other Major Benefits
Fees and Charges
Other Super-Premium Credit Cards to Consider
Should you get Axis Magnus Credit Card?

Welcome Benefit

Axis Magnus Credit Card charges a joining fee of Rs. 10,000 + GST and reverses the same in the form of welcome benefit. Cardholders can choose from the following two benefits:

  • One complimentary economy class ticket (up to Rs. 10,000) across any domestic location
  • TataCLiQ voucher worth Rs. 10,000

Click here to check the terms and conditions associated with the welcome offer.

HDFC Infinia and HDFC Diners Club Black offer welcome benefits in the form of bonus rewards and complimentary memberships to different programs. In case of HDFC Diners Club Black, memberships are given to 6 different programs, which can make it complicated for the user. Some programs may be useful for the consumer while others may not and, as a result, the user may not be able to get full value-back out of it. On the other hand, Axis Magnus has kept it simple with a flight ticket or voucher of a value equivalent to the joining fee paid.

Travel Benefits

With Axis Magnus Credit Card, users can make substantial savings on their travel spends:

  • Unlimited complimentary international lounge visits with Priority Pass with 8 additional guest visits per year
  • Unlimited visits to domestic airport lounges
  • 8 complimentary end-to-end VIP service at the airport
Most super-premium credit cards offer unlimited complimentary lounge visits but only a few offer additional free visits for guests. Magnus, with 8 free guest visits in a year, is a good option for frequent travellers. At an annual fee of Rs. 10,000, airport concierge service is also a noteworthy addition, which most cards do not offer.

Reward Points

Axis Bank Magnus offers 12 Axis eDGE Reward Points on spend of every Rs. 200. On making travel bookings via Axis Bank’s TRAVEL EDGE Platform, cardholders will earn 5-times more reward points. At 6%, the base reward rate of Axis Magnus is one of the highest among premium credit cards.

Milestone Benefit

In addition to the regular reward earning, Axis Magnus also offers 25,000 eDGE Reward Points on reaching monthly spends of Rs. 1 Lakh. These 25,000 points are worth Rs. 5,000. This feature makes Axis Magnus a great fit for high spenders.

Click here to check the terms and conditions related to the milestone benefit.

Transfer Reward Points to Airlines and Hotel Loyalty Programs

Cardholders can convert Axis eDGE Reward Points to Air Miles or Hotel Loyalty Points in 5:4 ratio. This means for 5 eDGE Reward Points, users will get 4 loyalty points on conversion. Eligible flights and hotels are:

  • Air France-KLM
  • Marriott International
  • Vistara
  • ITC
  • SpiceJet
  • Air Asia
  • Ethiopian Airlines
  • Etihad Airways
  • IHGR Hotels and Resorts
  • Qatar Airways
  • Singapore Airlines
  • Turkish Airlines
  • United Airlines

Comparing Reward Earnings on Axis Magnus with HDFC Diners Club Black Credit Card and HDFC Infinia

CategorySpends (in INR)Points – Axis MagnusPoints –  HDFC Diners Club BlackPoints – HDFC Infinia
Grocery15,000900500500
Apparel20,0001,200666666
Travel20,0001,200666666
Dining10,000600333333
Healthcare15,000900500500
Fuel15,000900500500
Others5,000300166166
Total1,00,0006,0003,3313,331

In addition to 6,000 reward points, Magnus cardholders will also get 25,000 additional reward points (worth Rs 5,000) on reaching the monthly milestone of Rs. 1 Lakh. Hence, the total reward earning for them will be 31,000 points. On transferring it to flight/hotel loyalty program (5:4 ratio), the user will get 24,800 loyalty points.

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Other Major Benefits

Movie Benefit- Buy one movie/event ticket on BookMyShow and get up to Rs. 500 off on the second ticket (maximum of 5 tickets per month).

Dining Discount: Get up to 20% discount at 4,000+ partner restaurants in India under the Dining Delights Program.

Health & Wellness Benefits: Axis Magnus Credit Card also offers insurance and medical concierge services to its users:

Insurance Cover: Different insurance covers offered on this card are:

  • Purchase protection of up to Rs. 2 Lakh
  • Credit Shield of up to Rs. 5 Lakh
  • Insurance against Lost/Delayed Baggage & Personal Documents: Up to 500 USD
  • Lost card liability cover up to the credit limit

Global Travel and Medical Assistance: Cardholders can get assistance with their travel in the form of pre-trip information, inoculation and visa requirement information, interpreter referral, telephone medical advice, etc.

Medical Concierge Program: Users can get virtual health assistance to get specialist appointment, health coaching, tele-consultation, personalized oncology care, etc.

Second Medical Opinion: Cardholders can get second opinion and diagnosis from medical experts across world’s leading institutions.

Preventive Healthcare: Users get preventive healthcare packages from Metropolis and Dr. Lal Path Labs.

To avail any of the above medical services, cardholders should call on the concierge service at 1800 103 4962.

Fees and Charges

Axis Magnus also offers preferential rates on certain fees and charges, as shown in the table below:

Fee/ChargeRate
Foreign exchange mark-up fee2%
Interest on extended credit (finance charges)2.5%
Cash withdrawal feeNil

The annual fee of Rs. 10,000 is also waived off on reaching annual spends of Rs. 15 Lakh in the preceding year.

HDFC Diners Club Black and HDFC Infinia also offer a preferential foreign exchange mark-up rate of 2%, which is equivalent to the rate offered by Axis Magnus. However, the spend-based waiver condition is higher in case of Magnus. Where Diners Club Black waives off the fee at annual spends of Rs. 5 Lakh and Infinia waives off the fee of Rs. 12,500 at annual spends of Rs. 10 Lakh, Axis Magnus requires its users to reach annual spends of Rs. 15 Lakh to get the annual fee of Rs. 10,000 waived off, which is very high.

Other Super-Premium Credit Cards to Consider

Credit CardAnnual FeeKey Feature
HDFC Diners Club Black Credit CardRs. 10,000Complimentary Annual memberships of Club Marriott, Forbes, Amazon Prime, Swiggy One, MMT BLACK and Times Prime
HDFC Infinia Credit Card*Rs. 12,500Complimentary Club Marriott membership for first year; unlimited lounge access for primary and add-on members
SBI Aurum Credit Card*Rs. 10,000Unlimited international lounge access; Low foreign currency markup fee of 1.99%
IndusInd Bank Legend Credit CardNilComplimentary Priority Pass Membership for primary and add-on cardholders which gives access to 700+ lounges across the world
ICICI Emeralde Credit CardRs. 12,000Unlimited complimentary international and domestic lounge visits

*Invite-only credit cards

IndusInd Bank Credit Card

Should you get Axis Magnus Credit Card?

After the recent changes in the features of Axis Magnus, the card stands as a worthy competitor for super-premium credit cards like HDFC Diners Club Black and HDFC Infinia. Notable features that make this card worth applying for are:

  • 25,000 reward points on monthly spends of Rs. 1 Lakh
  • A generous reward rate of 12 eDGE Points per Rs. 200 spent
  • 8 additional guest visits free along with unlimited international lounge access for primary cardholder
  • Transfer to multiple airlines and hotel loyalty programs at a lucrative ratio of 5:4
  • Luxury Airport Concierge and Medical Concierge service

Axis Magnus Credit Card is the perfect option for high spenders as the card generously rewards its users along with offering 25,000 points as monthly milestone benefit. The value of 25,000 points is significant when you transfer it to a flight/hotel loyalty program. At a ratio of 5:4, 25,000 points would convert to 20,000 points. With the option to get travel benefits to this extent along with complimentary lounge access, the card holds excellent value for frequent travellers.

You should consider getting this card if:

  • You are a high spender and would be able to earn substantial reward points per month
  • You would be able to reach the monthly milestone of 1 Lakh to get additional benefits
  • You are a frequent traveller looking for free lounge visits and other travel benefits

You can apply for Axis Magnus Credit Card online on Axis Bank’s website or visit the nearest Axis Bank branch to apply for the same.

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