Axis Bank Magnus Credit Card
A premium card earning 12 EDGE REWARD Points per ₹200 on the first ₹1.5 lakh of eligible spend a month and 35 per ₹200 above it, with points worth ₹0.20 on the EDGE portal, a 2% forex markup and unlimited lounge access. Every figure below is copied from Axis Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-16.
Fees and charges
| Joining fee | ₹12,500 plus GST Terms |
|---|---|
| Annual fee | ₹12,500 plus GST MITC |
| Annual fee waiver | On ₹25,00,000 of spend in the year Product page |
| GST on fees | As applicable (18% assumed in calculations) |
| Foreign-currency markup | 2% of the transaction, plus GST MITC |
| Fees are plus taxes. The joining and annual fees are nil for customers with a Burgundy Salary Account opened on or after 1 July 2026 (net monthly salary of ₹2 lakh or more). | |
Rewards
Reward points, ₹0.20 each when redeemed as stated Terms.
| Spend | Earns | Cap |
|---|---|---|
| Eligible spends, up to ₹1.5 lakh in a calendar month | 12 points per ₹200 Product page | no cap on record |
Rent earns points only on the first ₹50,000 a month. Gold and jewellery, gift cards and tolls earn nothing.
No rewards on
Benefits
- Lounges: Unlimited international lounge visits with Priority Pass plus 4 guest visits a year, and unlimited visits to select domestic lounges — Domestic lounge access needs ₹50,000 of spend in the previous 3 calendar months (waived for the first months after issue) Product page
- Fuel: 1% fuel surcharge waived on fills of ₹400 to ₹4,000, up to ₹400 a month Product page
- Welcome: A voucher worth ₹12,500: Luxe gift card, The Postcard Hotels or Yatra Product page
Also on this card
Quoted from Axis Bank; not counted in the net value.
- 35 EDGE REWARD Points per ₹200 on eligible spend above ₹1.5 lakh in a calendar month Terms
- 60 EDGE REWARD Points per ₹200 on Travel EDGE bookings, on up to ₹2 lakh a month Terms
- Transfer points to 20 airline and hotel partners at 5 points = 2 partner miles Product page
- Partner transfers capped at 1 lakh points to Group A and 4 lakh points to Group B partners a calendar year Terms
- Dining Delights discounts at over 4,000 restaurants in India Product page
- Lifetime free for Burgundy Salary Account holders with a net monthly salary of ₹2 lakh or more (accounts opened from 1 July 2026) Product page
Eligibility
- Primary cardholder aged 18 or above Product page
- Primary cardholder aged 70 or below Product page
- Salaried: net salary of ₹24 lakh a year Product page
- Self-employed: income tax return for ₹24 lakh a year Product page
- Resident of India Product page
Not published by Axis Bank in the documents read
- the card network
- a RuPay variant for UPI
- a reward redemption fee for this card
Where Axis Bank’s documents differ, and what is used
- Interest: the product page still says a lowered rate of 3% on extended credit; the MITC (finance charges effective 20 Dec 2024) lists 3.75% a month for Magnus.
The quotes behind the figures
33 figures, each copied from an official Axis Bank document.
Show every quote and source
“AXIS BANK MAGNUS Credit Card Compare Choose a voucher worth ₹12,500 5X EDGE REWARD Points on spends via Travel EDGE Unlimited lounge access Joining Fee: ₹12,500 Annual Fee: ₹12,500 Know More Apply Now”
“MAGNUS Credit Card 12,500 (Nil^ for customers with a Burgundy Salary Account opened on or after 1st July 2026) 12,500 (Waived on eligible spends* of INR 25,00,000 in the preceding card anniversary year)”
“Annual fee of ₹12,500 + Taxes waived off* on spend of ₹25 Lakhs in preceding year.”
“Foreign Currency Transaction Fee1 2% of the transaction value for MAGNUS Credit Card and MAGNUS FOR BURGUNDY Credit Card;”
“If any Magnus or Magnus Credit Card for Burgundy cardholder redeems EDGE reward points at EDGE portal, then 1 EDGE Reward point = Rs. 0.20.”
“Earn 12 EDGE Reward points per ₹200 on spends up to ₹1.50 Lakhs and 35 EDGE Reward points per ₹200 on incremental spends above ₹1.50 lakhs in a calendar month.”
“You will continue to earn 12 EDGE REWARD Points per INR 200 on spends^ up to INR 1.5 lakhs per calendar month.”
“Spends on government institutions, Insurance, Gold & Jewellery, Fuel and utilities & telecom will not be eligible for Base and Accelerated Reward points.”
“Excluded spend categories for reward earn / spend based fee waiver: Transactions made on Utility & Telecom, Rent (capped at INR 50,000 per month), Wallet, Government spends, Insurance, Gold & Jewellery, Fuel, Cash advances and Repayments.”
“*For Select, Reserve, Magnus and Magnus for Burgundy Credit Card, Effective 1 Sep 2023, spends threshold for Annual Fee reversal will exclude transactions identified through merchant category codes falling under the following categories: Rent, Wallet,”
“Additionally, effective 20 Apr 2024, spends threshold for Annual Fee reversal will also exclude transactions identified through Merchant Category Codes falling under the following categories: Insurance, Gold and Fuel.”
“Reduced mark-up fee of 2% on foreign transactions.”
“Incremental spends on Rental Payments/Transactions over and above Rs. 50,000 in a calendar month will not be considered for Accelerated Reward points.”
“Enjoy unlimited visits to select airport lounges in India.”
“Credit Card MAGNUS Min. spends (Rs.) 50,000 Min. spend period Previous 3 calendar months”
“Lowered interest rate of 3% on extended credit.”
“RESERVE Credit Card / MAGNUS Credit Card / 3.75% 55.55% 3.75% 55.55%”
“Gift card purchases will continue to be excluded from rewards category and will not earn rewards or contribute towards spends based fee waiver calculations.”
“Additionally, please note that no rewards shall be earned on spends made on Bridge Fees, Road Fees & Tolls.”
“*The above criteria are only indicative. The bank reserves the right to approve or decline applications for credit card.”
“Avail unlimited complimentary international lounge visits and 4 additional guest visits per year with the priority pass card”
“Fuel surcharge waiver of 1% for transactions between ₹400 to ₹4000 (Capped at ₹400 per month.”
“Choose any one voucher worth ₹12,500* from below options: Luxe gift card or The Postcard Hotels gift voucher or Yatra gift voucher”
“You will earn 35 EDGE REWARD Points per INR 200 on spends^ above INR 1.5 lakhs, up to spends^ equivalent to your credit limit + additional INR 1.5 Lakhs per calendar month.”
“Earn 60 EDGE Reward Points for every INR 200 spent on Travel EDGE portal, up to cumulative transactions of INR 2,00,000 per month.”
“Earn 2 partner # miles for every 5 EDGE Reward points across 20 travel partners.”
“the customer will be able to transfer maximum of 1 lakh EDGE REWARD Points cumulatively to Group A partners and maximum of 4 lakh EDGE REWARD Points cumulatively to Group B partners in a calendar year.”
“Enjoy exclusive discounts at over 4,000 restaurants across India.”
“Customers holding a Burgundy Salary Account with Axis Bank shall be eligible for the Axis Bank Magnus Lifetime Free Credit Card upon receipt of the first salary credit, provided the net monthly salary credited is INR 2 Lakhs or above.”
“Primary cardholder should be between the age of 18-70 years”
“Net Salary of ₹24 lakhs per annum or Net Annual Income Tax Return filed for ₹24 Lakhs.”
“Net Annual Income Tax Return filed for ₹24 Lakhs. Resident of India”
“Your Axis Magnus Credit Card awaits you! Check Eligibility”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with Axis Bank or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is Axis Bank’s own file from its website, unaltered, fetched 2026-10-15. Methodology