Axis Bank Magnus Credit Card
Axis Bank
Axis Bank Magnus Credit Card
Axis Bank
Annual Fee
₹12,500
Effective Rate
0.20%
Network
MASTERCARD
Point Value
₹0.20/pt
About Axis Bank Magnus Credit Card
The Axis Bank Magnus Credit Card is a super-premium-tier reward points credit card issued by Axis Bank on the MASTERCARD network. It carries an annual fee of ₹12,500. The card includes complimentary airport lounge access, making it well suited for frequent flyers. With zero foreign transaction charges, it is a strong companion for international travel.
Best For
Pros & Cons
thumb_upPros
- check_circleUnlimited Domestic Lounge Access
- check_circleZero forex markup on international transactions
- check_circleInternational Lounge via Priority Pass
- check_circleSpending milestone bonuses for high spenders
thumb_downCons
- cancelHigh annual fee of ₹12,500
- cancelMay require existing banking relationship or invitation
- cancelPoints redemption catalog may limit flexibility
Reward Earning Structure
Each point is worth ₹0.20 — an effective return of 0.20% on spend.
| Category | Earn Rate | Per ₹10,000 Spent |
|---|---|---|
| All other spends | 17.5% | 1750 pts≈ ₹350 |
| All other spends | 5x | 500 pts≈ ₹100 |
| All other spends | 6% | 600 pts≈ ₹120 |
Points can typically be redeemed for flight tickets, hotel bookings, cashback, gift vouchers, or merchandise via the Axis Bank rewards portal. Redemption value may vary by option.
Card Benefits
Unlimited Domestic Lounge Access
Unlimited access to domestic airport lounges via DreamFolks
~₹24,000/yr value
International Lounge via Priority Pass
12 complimentary international lounge visits per year via Priority Pass
~₹18,000/yr value
Complimentary Golf Rounds
4 complimentary golf rounds per month at partner golf courses
~₹20,000/yr value
Air Accident Insurance
Air accident cover of ₹3 Cr
~₹5,000/yr value
Travel & Dining Benefits
Access to Axis Bank dining and travel partner offers
~₹6,000/yr value
Spending Milestones
Unlock bonus rewards when your annual spend crosses these thresholds.
Spend ₹25,00,000 (ANNUAL)
Annual Fee Waiver – ₹25L Spend: Annual fee of ₹12,500 + taxes waived on achieving spends of ₹25,00,000 in the preceding card anniversary year.
Fees & Charges
Key fees at a glance. For the complete schedule refer to the official Key Fact Statement (KFS) on the Axis Bank website.
| Annual Fee | ₹12,500 |
| Forex Markup | 0% (Zero Markup) |
| Interest Rate (APR) | Refer to KFS |
| Late Payment Charges | Refer to KFS |
| Cash Advance Fee | Refer to KFS |
Eligibility & Documents Required
Eligibility Criteria
- checkAge: 18–70 years (primary cardholder)
- checkMinimum annual income: As per bank norms
- checkCIBIL score: 750+ recommended
- checkEmployment: Salaried or self-employed Indian resident
Documents Required
- descriptionPAN Card (mandatory)
- descriptionAadhaar / Passport / Voter ID (address proof)
- descriptionSalary slips — last 3 months (salaried)
- descriptionLatest ITR or Form 16 (self-employed / salaried)
- descriptionBank statements — last 3 months
- descriptionPassport-size photograph
Frequently Asked Questions
Common questions about Axis Bank Magnus Credit Card.
Ready to apply for Axis Bank Magnus Credit Card?
Apply directly on the Axis Bank website. Most decisions within 7–10 working days.
Affiliate disclosure: CreditBrain may earn a referral fee if you apply via our link. This does not affect our editorial independence.