Axis Bank Magnus Credit Card
Issued by Axis Bank · Terms last verified 16 Oct 2026
Fees
- Joining fee
-
Joining fee of INR 12,500.
- Choose any one welcome voucher worth INR 12,500: Luxe gift card. Choose any one welcome voucher worth INR 12,500: The Postcard Hotels gift voucher. Choose any one welcome voucher worth INR 12,500: Yatra gift voucher.
- Renewal fee
- Annual fee of INR 12,500 waived on eligible spends of INR 25,00,000 in the preceding card anniversary year. Waived when yearly spend is at least ₹25,00,000.
Travel
| Spend | Rate | Cap |
|---|---|---|
| Travel Edge — Flights | 60 EDGE Reward Points per ₹200 up to ₹2,00,000 per month, then 35 per ₹200 | No stated cap |
| Travel Edge — Hotels | 60 EDGE Reward Points per ₹200 up to ₹2,00,000 per month, then 35 per ₹200 | No stated cap |
Bills & Utilities
| Spend | Rate | Cap |
|---|---|---|
| Rent | 12 EDGE Reward Points per ₹200 | On the first ₹50,000 spends per month |
All other spends
| Spend | Rate | Cap |
|---|---|---|
| All other spends | 12 EDGE Reward Points per ₹200 up to ₹1,50,000 per month, then 35 per ₹200 up to your credit limit + ₹1,50,000 | No stated cap |
Earns no rewards on
Wallet load, Voucher/Gift Card, Government/Tax Spend, Utilities, Telecom, Insurance, Fuel, Jewellery, Toll
Surcharge waivers
- Fuel surcharge waiver — Fuel surcharge waiver of 1% for fuel transactions between INR 400 and INR 4,000, capped at INR 400 per month. Capped at Up to ₹400 per month. Waived when transaction amount is at least ₹400, transaction amount is up to ₹4,000.
Redeeming rewards
- Airline and hotel transfers — ₹0.40 each
- Rewards catalogue — ₹0.20 each
- Pay with points — ₹0.20 each
Benefits
- Dining
- Exclusive discounts at over 4,000 restaurants across India.
- Fuel Waiver
- Fuel surcharge waiver of 1% for transactions between INR 400 and INR 4,000, capped at INR 400 per month.
- Forex Markup
- Reduced foreign transaction mark-up fee of 2%.
- Airport Lounge
- Unlimited complimentary international lounge visits with Priority Pass and unlimited visits to select domestic airport lounges in India.
- Welcome Benefit
- Choose any one welcome voucher worth INR 12,500: Luxe gift card.
- Travel Insurance
- Insurance benefits include purchase protection of INR 2 lakh, baggage or personal document loss or delay cover of USD 500, and credit shield of INR 5 lakh.
- Milestone Benefits
- Annual fee of INR 12,500 is waived on eligible spends of INR 25 lakhs in the preceding card anniversary year.
- Priority Pass Membership
- Priority Pass card with unlimited complimentary international lounge visits and 4 additional guest visits per year from 20 April 2024.
- Zero Lost Card Liability
- Lost card liability program is included among insurance benefits.
Eligibility
-
Primary cardholder aged 18 to 70 years, resident of India, with net salary of INR 24 lakhs per annum.
- Age Years: 18 to 70
- Country Of Residence: India
- Employment: Salaried
- Yearly income: At least ₹24,00,000
-
Primary cardholder aged 18 to 70 years, resident of India, with net annual income tax return filed for INR 24 lakhs.
- Age Years: 18 to 70
- Country Of Residence: India
- Employment: Self Employed
- Annual Gross Income: At least ₹24,00,000
Sources
Everything above is extracted from the following issuer documents. Where a figure here and the issuer's page disagree, the issuer's page is authoritative.
- Apply for Magnus Credit Card Online in India | Axis Bank — Issuer page, retrieved 2026-10-16 (sha256 c34e07a4…)
- Magnus Credit Card - More Benefits | Axis Bank — Issuer page, retrieved 2026-10-16 (sha256 b2b0837b…)
- Magnus Credit Card Health & Wellness | Axis Bank — Issuer page, retrieved 2026-10-16 (sha256 5fb62b59…)
- Magnus Credit Card Travel & Stay | Axis Bank — Issuer page, retrieved 2026-10-16 (sha256 ccfa3f39…)
- terms-and-conditions-for-accelerated-35-edge-reward-points.pdf — Terms PDF, retrieved 2026-10-16 (sha256 03dedc39…)
- mitc-credit-cards.pdf — Terms PDF, retrieved 2026-10-16 (sha256 9c90cdd0…)