Axis Bank Magnus Credit Card

Joining Fee: Rs. 12,500 plus GST
Renewal Fee: Rs. 12,500 plus GST
Best Suited For: Movies | Travel | Dining | Shopping
Reward Type: Reward Points
Welcome Benefites: Choose a gift voucher worth Rs. 12,500 from any one of Luxe, Yatra, or Postcard Hotels

Apply Now

Add to Compare

The Magnus Credit Card is one of the most rewarding and sought-after cards in Axis Bank’s portfolio. This super-premium card issued by the bank targets high-income individuals who want to enjoy the privilege of a luxurious lifestyle. It has a joining fee of Rs. 12,500 but offers many premium travel, lifestyle, dining, and insurance benefits. Cardholders get domestic and international lounge access at airports along with a 24*7 concierge service. Premium customers can also make international transactions at a relatively low 2% Forex Markup fee. Also, there are no cash withdrawal charges on the card (Interest charges applicable). Although the annual fee of the card is relatively high, you can get it waived by spending 25 lakhs or above in the previous anniversary year and save Rs. 12,500. Keep reading our review of the super-premium Magnus credit card to learn about its features and benefits.

New Features

Spend Based Waiver

Annual fee waived off on an expenditure of Rs. 25 lakhs in the preceding year.

Interest Rates

3.0% per month (42.58% annually)

Add-on Card Fee

Nil

Rewards Redemption Fee

Nil

Fuel Surcharge

1% fuel surcharge waived off at all fuel stations across India

Foreign Currency Markup

2% of the transaction plus GST

Cash Advance Charges

Nil

Movie & Dining

Buy one and get up to Rs. 500 off on the next movie/non-movie ticket on BookMyShow (max 5 times a month), 20% discount at 4,000+ restaurants across India under the Axis Bank Dining Delights program.

Travel

Complimentary international as well as domestic airport lounge access, airport concierge services and discounted stays at Oberoi Hotels.

International Lounge Access

Unlimited complimentary international airport lounge access for primary cardholders and 8 complimentary visits for the guests every year with Priority Pass

Rewards Rate

12 Axis EDGE REWARDS Points for every Rs. 200 spent with the card, 5X EDGE REWARDS on travel spends via TRAVEL EDGE.

Golf

Insurance Benefits

Credit shield protection worth Rs. 5 lakh (in case the card is lost) and a purchase protection worth Rs. 2 lakh.

Reward Redemption

Axis EDGE REWARDS Points can be redeemed on the EDGE REWARDS portal at a value of 1 Edge Reward = Re. 0.20 or Transfer to Partner Airlines/Hotels Rewards Program.

Domestic Lounge Access

Unlimited domestic airport lounge access

Zero Liability Protection

Credit shield cover worth Rs. 5 lakh, liability protection up to the card’s credit limit.

Pros

There are no cash withdrawal charges with this card. Unlimited international and domestic lounge access with the Magnus Credit Card. You can avail “BOGO” on movies and get discounts on dining with this card.

Cons

The annual income required to be eligible for the Axis Bank Magnus Credit Card is very high, at Rs. 24 lakh. There are no golf benefits with this card. To qualify for the New Magnus Card for Burgundy, you must maintain the Total Relationship Value associated with the account.

Similar Cards

Add to Compare

IRCTC SBI Card Premier

The IRCTC SBI Card Premier is a co-branded credit card issued by the SBI Card in partnership with irctc.co.in. The card comes with a joining fee of Rs. 1,499 and you get a welcome bonus of 1,500 Reward Points. You can earn up to 3 Reward Points every time you spend Rs. 125. This card also provides you with exclusive travel benefits that include complimentary railway lounge access every year, exciting benefits at over 900 hotels worldwide, saving on railway/flight ticket bookings on irctc.co.in, and many more. Along with all these exciting offers, you can earn up to 5,000 Reward Points every year on achieving the milestone spend. You can make your credit card lifetime free by getting your renewal fee waived off every year on a minimum spend of Rs. 2 lakhs in an anniversary year. There are many more benefits of the IRCTC SBI Card Premier that let you save more & more. To know all of its advantages, refer to the detailed information given below:

Add to Compare

HSBC Visa Platinum Credit Card

HSBC Visa Platinum Credit Card is an entry-level credit card offered by HSBC Bank. It comes with no joining and annual fee and welcomes its customers with exclusive benefits, including complimentary lounge access, up to Rs. 2,000 cashback, a 50% discount on Google Pay, etc. With this card, you earn 2 Reward Points on every Rs. 100 you spend and you earn 5x reward points once your total spends reach Rs. 4 lakhs in an anniversary year. Not only the reward points, but it also gives you an amazing opportunity to earn up to Rs. 1,000 cashback every year under its milestone benefits. Moreover, you get exciting benefits from the partner brands, including the ‘Buy 1 get 1 Free’ offer on BookMyShow and a discount of 10% on Tata Cliq, etc. Moreover, the fuel surcharge waiver, zero liability protection against a lost card are also among the key features of the card. To know more about the HSBC Visa Platinum Credit Card, keep reading:

Add to Compare

YES Prosperity Cashback Plus Credit Card

As suggested by the name, the YES Prosperity Cashback Plus Credit Card provides exclusive cashback benefits to its customers. With a joining fee of Rs. 1,499, you get an assured cashback of 0.75% on all your retail spends. On groceries & movie ticket bookings, you get a cashback of 5% (up to Rs. 100 every statement cycle). You also get a 5% cashback on paying utility bills through YES PayNow. As a welcome benefit, the card offers you a cashback of Rs. 250 on a minimum transaction of Rs. 2,500 within the first 30 days after receiving your card. Not only this, but you also get additional benefits like a credit shield cover and zero ability protection against a lost/stolen card. In short, the card lets you save on all your spends through its exciting cashback offers. To know all about the YES Prosperity Cashback Plus Credit Card, its benefits, and fees & charges, refer to the detailed information given below:

1 OFFER

Benefites of SBI Credit Card Total Benefits...

View Offers

Other Cards

View all