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Axis Bank Magnus Credit Card

Axis Bank Magnus Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated April 2026
Axis Bank Visa Premium

Join / Annual

₹0/₹12500

Base Rate

6.0%

Reward Type

Points

Overview

The Axis Bank Magnus Credit Card is a Premium credit card issued by Axis Bank on the Visa network. It offers a base reward rate of 6.0% on all spends, with rewards issued as Points(1 pt = ₹0.2).

Annual Fee: ₹12,500
Eligibility: High-income individuals with a CIBIL score of 750+.

Reward Rates & Cashback Rules

  • CATEGORY – Travel: 30.0% cashback | monthly cap ₹12000.0 | via Axis Bank Travel EDGE ⚠️ Rate of 60 points per ₹200 applies on spends up to ₹2 lakh per month. Higher spends earn a lower rate.
  • CATEGORY – Rent: 6.0% cashback | monthly cap ₹600.0 ⚠️ Reward earnings are capped on rental spends of ₹50,000 per month.
  • CATEGORY – Fuel: 0.0% cashback
  • CATEGORY – Insurance: 0.0% cashback
  • CATEGORY – Wallet: 0.0% cashback
  • CATEGORY – EMI: 0.0% cashback
  • CATEGORY – Government Services: 0.0% cashback
  • CATEGORY – Jewellery: 0.0% cashback

Key Features & Benefits

  • Airport Lounge Access ✈️: Unlimited international lounge visits for primary cardholder (+4 guest visits/year) and unlimited domestic visits for primary & add-on cardholders (+4 guest visits/year), subject to spend criteria of ₹50,000 in the previous 3 months.
  • Welcome Benefit 🎁: Choice of a complimentary voucher worth ₹12,500 from Luxe, The Postcard Hotels, or Yatra on payment of joining fee.
  • Annual Fee Waiver 🔄: Annual fee of ₹12,500 is waived on spends of ₹25 lakh or more in a card anniversary year.
  • Low Forex Markup 🌍: Reduced foreign currency transaction markup fee of 2%.
  • Dining Delights 🍽️: Up to 30% discount at over 4,000 partner restaurants across India.

Eligibility Criteria

High-income individuals with a CIBIL score of 750+.

Features & Benefits

✈️

Airport Lounge Access

Unlimited international lounge visits for primary cardholder (+4 guest visits/year) and unlimited domestic visits for primary & add-on cardholders (+4 guest visits/year), subject to spend criteria of ₹50,000 in the previous 3 months.

🎁

Welcome Benefit

Choice of a complimentary voucher worth ₹12,500 from Luxe, The Postcard Hotels, or Yatra on payment of joining fee.

🔄

Annual Fee Waiver

Annual fee of ₹12,500 is waived on spends of ₹25 lakh or more in a card anniversary year.

🌍

Low Forex Markup

Reduced foreign currency transaction markup fee of 2%.

🍽️

Dining Delights

Up to 30% discount at over 4,000 partner restaurants across India.

Cashback Engine Rules

The exact calculator logic parameters extracted from the terms & conditions.

Travel Via Axis Bank Travel EDGE
Reward: 30.0% Monthly Cap: ₹12000.0
⚠️ Exceptions: Rate of 60 points per ₹200 applies on spends up to ₹2 lakh per month. Higher spends earn a lower rate.
30%
Rent
Reward: 6.0% Monthly Cap: ₹600.0
⚠️ Exceptions: Reward earnings are capped on rental spends of ₹50,000 per month.
6%
Fuel Exclusion
Insurance Exclusion
Wallet Exclusion
EMI Exclusion
Government Services Exclusion
Jewelry Exclusion

Pros & Cons

✓

Pros

  • + Travel — 30.0% Points (cap ₹12000.0)
  • + Rent — 6.0% Points (cap ₹600.0)
  • + Airport Lounge Access
  • + Welcome Benefit
  • + Annual Fee Waiver
  • + Low Forex Markup
✗

Cons

  • − No reward on Fuel
  • − No reward on Insurance
  • − No reward on Wallet
  • − No reward on EMI
  • −High annual fee of ₹12500
  • −Forex markup of 3.5% on international spends

Our Verdict

₹ Real Value Calculation (assumed ₹3L/year spend)

Est. Annual Rewards

₹18000

Annual Fee

₹12500

Net Value

+₹5500

✅ At ₹3L/year spend, base rewards alone cover the fee. Additional benefits like lounge access add further value.

👍 Best For

  • › High spenders who can offset the annual fee through rewards
  • › Frequent flyers who value unlimited airport lounge access
  • › Travellers who use hotel & lifestyle benefits regularly

👎 Not Worth It If…

  • › Your monthly spends are below ₹25,000 — fee won't be recovered
  • › You spend heavily in foreign currency — 3.5% markup adds up fast
  • › You rarely use premium benefits like lounges or concierge
  • › You prefer a no-annual-fee card with simpler terms

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Frequently Asked

The annual fee is ₹12,500 + GST. This fee can be waived by spending ₹25 lakh or more in the preceding card anniversary year.

You earn a base rate of 12 EDGE Reward Points per ₹200 spent. Bookings via the Travel EDGE portal earn an accelerated 60 points per ₹200 on monthly spends up to ₹2 lakh.

The card offers unlimited international lounge access for the primary holder and unlimited domestic access for primary and add-on holders. A minimum spend of ₹50,000 in the prior 3 months is required to avail the benefit.

Yes, reward points are not earned on fuel, insurance, wallet loads, EMI transactions, government payments, and gold/jewellery purchases.

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