Credit Cards · Honest Review
Axis Bank Magnus Credit Card
Axis Bank · Visa
Your Verdict
- ✓Unlimited domestic and international lounge access via Priority Pass
- ✓60 EDGE Reward Points per 200 on Travel Edge portal bookings, up to 2 lakh
- ✓Among the highest reward rates of any Indian super-premium card
- ✓EDGE Reward Points valid for 3 years from accrual
- ✓Renewal fee waived on 25 lakh annual spend
What Axis Bank Magnus Credit Card costs you
Axis Bank Magnus Credit Card carries a ₹12,500 annual fee and a ₹12,500 one-time joining fee. The annual fee is waivable: Spend 25 lakh in the previous year to waive renewal fee.
| Fee | Amount |
|---|---|
| Annual fee (year 2+) | ₹12,500 |
| Joining fee (one-time) | ₹12,500 |
| Fee waiver condition | Spend 25 lakh in the previous year to waive renewal fee |
| Spend required for waiver | ₹25,00,000 / year |
| Foreign transaction fee (forex markup) | 2% per transaction |
What you earn on every rupee spent
Axis Bank Magnus Credit Card earns 6.00% on all eligible spends as a base reward rate, with accelerated rates on travel & flights and other bonus categories listed below. Each reward point is worth ₹0.2 when redeemed, giving a clear rupee value for your earnings.
| Category | Reward rate |
|---|---|
| All other spends (base rate) | 6.00% |
| ✈️ Travel & Flights | 30% (cap ₹2,00,000/mo) |
Complimentary premium memberships and milestone EDGE Reward Points; 12 EDGE points per 200 on monthly spends up to 1.5 lakh, 35 points per 200 above that
Reward types: Points · Lounge · Miles
Beyond the reward rate
The non-reward benefits on Axis Bank Magnus Credit Card are meaningful for frequent users. Here is what you get with the card.
Who can apply for Axis Bank Magnus Credit Card
Axis Bank Magnus Credit Card requires a minimum net monthly income of ₹2,00,000 for salaried applicants and a CIBIL score of 780 or above. It is open to salaried employees and self-employed professionals and business owners.
| Requirement | Detail |
|---|---|
| Minimum monthly income | ₹2,00,000 |
| CIBIL score | 780+ (good to excellent) |
| Age range | 18–70 years |
| Employment type | Salaried, Self-employed, Business owner |
| Typical approval time | 7-10 working days |
Minimum annual income around 24 lakh typically required for approval.
Who should (and shouldn't) get Axis Bank Magnus Credit Card
- → Heavy spenders on travel & flights who want 30% back
- → Frequent travelers who value airport lounge access
- → International spenders benefiting from low forex markup
- → Moderate spenders who can clear the fee waiver condition
- → Low spenders who won't recover the high annual fee
- → Applicants with monthly income below ₹2,00,000
Axis Bank Magnus Credit Card — Questions answered
What is the annual fee for Axis Bank Magnus Credit Card?
What is the minimum income required for Axis Bank Magnus Credit Card?
What is the reward rate on Axis Bank Magnus Credit Card for travel & flights?
Does Axis Bank Magnus Credit Card provide airport lounge access?
How do I get the annual fee waived on Axis Bank Magnus Credit Card?
How long does it take to get Axis Bank Magnus Credit Card approved?
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Get My Personalised Verdict →Information on this page is gathered from public sources and the card issuer's official website. Fees and reward rates may change — verify the current terms on the issuer's website before applying. SingleVerdict may earn a referral fee if you apply through our links, which does not affect our scoring or editorial decisions.