Axis Bank Magnus Credit Card
Axis Bank
A genuinely high-earning premium card for big spenders — the 35-point tier above ₹1.5L/month is unusually generous.
₹12,500
Joining fee
₹12,500, waived at ₹25L spend
Annual fee
Waived if annual spend reaches Rs 25,00,000 (official); aggregator commentary calls this threshold high and inaccessible to average spenders.
2%
Forex markup
4.7 / 5
Rating
Eligibility
Estimated minimum income: ₹2,00,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 780+
Estimated — not officially confirmed by the bank.
Age: 18–70
Income aggregator-sourced (Paisabazaar, not officially confirmed): Rs 24 lakh+ p.a.; salaried or self-employed.
Lounge access
Unlimited domestic & international lounge visits
Key features
- 12 EDGE points/₹200 up to ₹1.5L monthly spend, 35/₹200 above that
- 5X via Travel EDGE
- Unlimited domestic + international lounges
Reward details
12 EDGE Reward Points per Rs 200 (up to Rs 1.5 lakh monthly spend, ~6% base rate at typical redemption)
- 35 EDGE Reward Points per Rs 200 on Monthly spend beyond Rs 1.5 lakh
- 60 EDGE Reward Points per Rs 200 on Travel EDGE portal spend — up to Rs 2 lakh
Redemption
5 EDGE Reward Points = 2 partner miles/points for the standard Magnus (reduced from a prior 5:4 ratio in a September 2023 devaluation); the Magnus for Burgundy variant retains the 5:4 ratio.
Ratio: 5:2 (post-devaluation, standard Magnus)
Caps: 1 lakh points/year to Group A partners, 4 lakh points/year to Group B partners
Excluded from rewards: wallet loads, rent, Priority Pass fee, EMI conversions, utilities, government institution payments, insurance, fuel, gold/jewellery
- No golf benefits with this card (CardInsider explicitly notes this).
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- Unlimited complimentary domestic and international lounge access; flexible redemption across multiple travel partners; still a competitive ~6% base reward rate among premium cards; comparatively low 2% forex markup — Paisabazaar/CardInsider
Complaints
- Underwent two major devaluations in a year, most notably the September 2023 cut to the transfer ratio (5:4 to 5:2); new Group A/B annual transfer caps criticized; Rs 25 lakh fee-waiver spend threshold called high/inaccessible; broad exclusions list — Paisabazaar/CardInsider
Sources
- Official — fees, forex
- Aggregator — eligibility, lounge, rewards, sentiment
- Aggregator — lounge, rewards, sentiment