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Axis Bank Magnus Credit Card

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Updated: 09-09-2022 06:50:55 AM

Important: As per RBI guidelines, issuance of new credit cards on Mastercard platform has been discontinued until further notice. Normal card services will continue for existing users.

Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit the Axis Bank website.

Axis Bank has launched the Magnus credit card that is aimed specifically for those that enjoy the finer things in life. The card is a gateway to a luxurious lifestyle as it provides concierge services, discounts on luxury hotels, dining and so on. Other features and benefits associated with Axis Bank Magnus credit card are listed below.

On this page

Axis Bank Magnus Credit Card – Features
Axis Bank Magnus Credit Card – Benefits
Axis Bank Magnus Credit Card - Fees & Charges
Axis Bank Magnus Credit Card – Eligibility Criteria & Documents Required
How to Apply for Axis Bank Magnus Credit Card
FAQs

Axis Bank Magnus Credit Card – Features

Free Air Travel – Get one free flight ticket within India every year.

Airport Concierge Service – Get 8 free end to end VIP service at the airport.

Lounge Access – Customers get the following lounge accesses

  • Get 8 free International Priority Pass lounge visits per year.
  • Get unlimited visits to select Indian airports

Hotel Offers – Get discount on stays and room upgrades when staying at Oberoi Hotels.

BookMyShow Offers – Buy one ticket and get Rs. 500 off on the second ticket.

Dineout Offers – Get Dineout Plus Membership and 25% discount at 250+ fine dine restaurants.

Extraordinary Weekends – Avail Curated experiences designed to make customer’s weekends special.

Axis Bank Magnus Credit Card – Benefits

Insurance Benefits – Get Air insurance, purchase protection, lost card liability, and so on.

Wellness Resorts and Spas Benefits – Get discounts and free sessions at wellness resorts and spas.

Medical Opinion – Get medical opinion from specialists from around the world.

Healthcare Benefits – Get offers on preventive health care packages and other privileges through SRL Diagnostics, Dr. Lal PathLab and Metropolis.

Annual Fee Waiver – Get annual fee waiver on spending Rs. 15 lakh in an anniversary year.

Benefits on Fees and Charges – Customers get the following benefits on fees and charges:

  • No fees on cash withdrawal
  • Only 2% mark-up fee on foreign transactions
  • Finance charges of just 2.5%
  • Fuel surcharge waiver of 1% for transactions between Rs. 400 to Rs. 4,000

Rewards Program – Earn 12 Axis eDGE Reward Points on every Rs. 200 spent. Earn 24 Axis eDGE Reward Points on every Rs. 200 spent on Goibibo, MakeMyTrip, Yatra and more.

Concierge Service – Get 24×7 dedicated concierge services to make flight bookings, table reservations, gift deliveries, and so on.

Axis Bank Magnus Credit Card
Good For:

  • Customers who want to earn Rewards
  • Users looking for a premium credit card
  • Cardholders who want airport lounge access
Bad For:

  • People who want direct Air Miles rewards
  • People who are looking for low annual fee credit card
  • Customers that do not travel much

 

Axis Bank offers credit cards across different categories. Compare & Apply Online for Best Axis Bank Credit Cards and find the right card for you.

Axis Bank Magnus Credit Card - Fees & Charges

Credit CardAmount
Joining FeeRs. 10,000
Annual FeeRs. 10,000
Finance Charge2.5% p.m. | 34.49% p.a.
Cash Advance Fee2.50% of the amount / Min. Rs. 300
Overlimit Charges2.50% of the over-limit amount/Min. Rs. 500
Late Payment FeeFor Outstanding Amount-

  • Less than Rs. 500: Nil
  • From Rs. 501 to Rs. 5,000: Rs. 500
  • From Rs. 5,001 to Rs. 10,000: Rs. 750
  • Greater than Rs. 10,000: Rs. 1,200
Fuel Transaction Surcharges1% Waived on a transaction between Rs. 400 & Rs. 4,000
Foreign Transaction Fee2% of the amount

Note: Banks reserve the right to change the fees & charges without prior communication.

Axis Bank Magnus Credit Card – Eligibility Criteria & Documents Required

Eligibility Criteria

Age – Applicant’s age must be between 18 and 70 years. Add-on card holder’s age must be above 18 years.

Income – Customers must be earning Rs. 18 lakh per annum. Self-employed customers’ Income Tax Returns Acknowledgement must be of Rs. 18 lakh.

Citizenship – Applicant must be a resident of India.

Documents Required

Identity Proof
 		Passport, PAN Card, Aadhaar Card, Voter’s ID Card, Driving Licence, Photo Credit Card, Central and State Govt. issued Photo ID Proof, Defence ID Card, etc. (any 1)
Residence ProofAadhaar Card, Ration Card, Passport, Bank Account Statement, Voter’s ID Card, Letter from any recognized public authority, Telephone Bill, Electricity Bill, Water Bill (not more than 3 months old), etc. (any 1)
Income ProofSalary Slips (not more than 3 months old), Bank Statements (not more than 3 months old), ITR, Form-16, etc. (any 1)

How to Apply for Axis Bank Magnus Credit Card

Customers who wish to avail this credit card can do so by visiting the official website of Axis Bank. They can also visit the nearest Axis Bank branch and contact a representative who will guide them through the process.

Customers will have to submit certain documents to establish their identity, income, and address. They will also have to submit a copy of their PAN card or Form 60. In case of an online application a representative from the bank will call the customer to set the date and time for document collection.

Once the verification has been done the customer can expect their new card within 14 days.

FAQs

How can I know my Axis Bank credit card limit?
Customers can easily get to know their Axis Bank credit limit via their credit card statement. They can also log in to their Axis Bank internet banking portal to know the credit limit. Finally, customers can call the customer care center on the number 1860–419–5555 or 1860–500–5555 to know the credit limit on their credit card.

How can I get Axis credit card?
Customers can easily avail Axis Bank credit cards by visiting the credit card page of Axis Bank. Once there click on ‘Apply Now’ against the card of choice and fill the form. Afterwards, a representative of the bank will contact the customer to set date and time for document collection. Post successful verification the customer can expect delivery of the card within 14 days.

What is minimum salary for this credit card?
The minimum salary for Axis Bank Magnus credit card is Rs. 18.00 lakh per annum for both self-employed as well as salaried individuals.

What is the finance charge on this credit card?
The finance charge on this credit card is 2.5%.

How many free Priority Pass lounge accesses can be availed through this credit card?
Customers can avail up to 8 free international Priority Pass lounge accesses per year.

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