SwipeWise

Disclosure. No link on this page earns us a commission today: buttons go to the issuer's own pages. Any paid link will be labelled, and rankings never depend on one. Details

Axis Bank Magnus Credit Card from Axis Bank

Axis Bank Magnus Credit Card review

Axis Bank · Mastercard · points Official sources Checked 30 Oct 2026

At a glance

Annual fee
₹12,500
Joining fee
₹12,500
Fee waiver
₹25,00,000 a year
Base return
1.2% base
Point value
₹0.2 per point
Domestic lounge
Unlimited complimentary visits (primary and add-on) but each use needs ₹50,000 card spend in the previous 3 calendar months (waived for the issuance month plus 3 months); 4 guest visits/calendar year. From 28 Aug 2026 Priority Pass no longer works at Indian domestic lounges: present the Magnus card plus boarding pass
International lounge
None found
See official terms

Estimated net value a year

ProfileNet% of spend
First card, light spender
₹15k a month
−₹10,585-6.0%
Metro salaried
₹60k a month
−₹5,300-0.7%
Family household
₹80k a month
−₹3,860-0.4%
Frequent flyer
₹1.5L a month
₹6,9400.4%
Online shopper
₹50k a month
−₹5,732-1.0%
Rent-heavy
₹90k a month
−₹5,444-0.5%

Fee maths: The ₹12,500 annual fee is waived at ₹25,00,000 a year of eligible spend, about ₹2,08,300 a month. None of our profiles clears that, so the fee is paid on all of them. On our 6 profiles it nets from −₹10,585 (first card, light spender) to ₹6,940 (frequent flyer), equal to −6.0% to 0.4% of spend across the profiles. Without a waiver, the metro salaried category mix earns back the fee from about ₹1,04,500 a month of total spend.

After fees and caps, best-case redemption. Use your own spend.

Our take: Rewards are 12 EDGE points per ₹200 up to ₹1.5 lakh a month and much more on Travel EDGE bookings, but we value points at only ₹0.20 because the transfer ratio is uncertain after reported changes. With a ₹12,500 fee and a ₹25 lakh waiver, it needs high spend and real lounge use to pay off.

From the card's terms: strengths

  • Up to about 6% at partner merchants or via the bank portal, subject to caps

Reward rates and caps

Spend categoryPoints per ₹100Value per ₹100CapNotes
Everything else, Amazon, Flipkart, Other online shopping, Groceries, Dining & food delivery, Entertainment & OTT 6 ₹1.2 9000 pts monthly Official: 12 EDGE points per ₹200 up to ₹1.5 lakh monthly spend (9,000 points, about 1.2% at ₹0.20). Above ₹1.5 lakh: 35 per ₹200 (17.5 per 100) up to credit limit + ₹1.5 lakh in a calendar month, then back to 12 (20 Jun 2025 notice). Only the first tier is modelled.
Flights & hotels 30 ₹6 60000 pts monthly Official: 60 points per ₹200 (5X) only via Travel EDGE portal up to ₹2 lakh monthly spend (60,000 points, about 6%); 35 per ₹200 beyond (2023 notice). Direct airline/hotel bookings earn the base rate.
Bills & utilities, Fuel, Rent 0 ₹0 No cap found Official excluded categories for rewards and fee waiver (20 Jun 2025 notice): utility & telecom, rent, wallet, government, insurance, gold & jewellery, fuel, cash advances, repayments. The notice writes 'Rent (capped at ₹50,000 per month)' inside that excluded list; we model rent as 0 (ambiguous wording).

Point value: 1 EDGE point = ₹0.20 on vouchers/Travel Edge (our assumption). Official: partner transfer is 2 miles per 5 EDGE points (5:2) across 20 partners (Burgundy variant up to 4 per 5); 2024 notice limits transfers to 1 lakh points/year to Group A and 4 lakh to Group B partners. Aggregators claim a 5:1 cut in April 2026; the bank's own page still says 2 miles per 5 points.

Excluded or reduced

Other benefits

Eligibility

Primary age 18-70 (add-on 18+); net salary ₹24 lakh/year or ITR income ₹24 lakh; resident of India. Burgundy variant needs Burgundy relationship. Lifetime Free variant for Burgundy Salary Account holders (opened on/after 1 Jul 2026, salary ₹2 lakh+/month).

Reported rule changes

Compare

Related guides

FAQ

What is the annual fee of the Axis Bank Magnus Credit Card?

₹12,500 a year, waived at ₹25,00,000 annual spend. Fees exclude 18% GST.

How do Axis Bank Magnus Credit Card rewards work?

1.2% base, 6% at partners or via portal, capped. 1 EDGE point = ₹0.20 on vouchers/Travel Edge (our assumption). Official: partner transfer is 2 miles per 5 EDGE points (5:2) across 20 partners (Burgundy variant up to 4 per 5); 2024 notice limits transfers to 1 lakh points/year to Group A and 4 lakh to Group B partners. Aggregators claim a 5:1 cut in April 2026; the bank's own page still says 2 miles per 5 points.

Does the Axis Bank Magnus Credit Card give airport lounge access?

Domestic: Unlimited complimentary visits (primary and add-on) but each use needs ₹50,000 card spend in the previous 3 calendar months (waived for the issuance month plus 3 months); 4 guest visits/calendar year. From 28 Aug 2026 Priority Pass no longer works at Indian domestic lounges: present the Magnus card plus boarding pass. International: None found.

Who is the Axis Bank Magnus Credit Card best suited to?

Rewards are 12 EDGE points per ₹200 up to ₹1.5 lakh a month and much more on Travel EDGE bookings, but we value points at only ₹0.20 because the transfer ratio is uncertain after reported changes. With a ₹12,500 fee and a ₹25 lakh waiver, it needs high spend and real lounge use to pay off. The ₹12,500 annual fee is waived at ₹25,00,000 a year of eligible spend, about ₹2,08,300 a month. None of our profiles clears that, so the fee is paid on all of them. On our 6 profiles it nets from −₹10,585 (first card, light spender) to ₹6,940 (frequent flyer), equal to −6.0% to 0.4% of spend across the profiles.

Sources

Not financial advice. Figures are estimates from published terms and may be outdated; confirm with Axis Bank before you apply. Methodology.

See official terms

Similar cards

HDFC Infinia Metal from HDFC Bank

3.33% base, 16.67% at partners or via portal, capped

Fee
₹12,500 a year
Type
points, Visa
invite-only Official sources

1% base, up to 2% on dining & food delivery/flights & hotels/international (foreign currency)

Fee
₹4,999 a year
Type
points, Visa
Official sources

0.4% base

Fee
No annual fee
Type
points, Not
Official sources