Axis Magnus Credit Card promises something more than just the usual cashback or miles. It aims to cater to those who don’t just spend, but spend big, travel often, and expect premium perks. If you’re bored with basic credit cards and want something with lounge access, higher reward rates, and special benefits, this might catch your eye. In this Axis Magnus credit card review, you’ll discover how this super premium card works, along with what the key benefits are, how the fees stack up, what to watch out for, and finally, whether it’s worth it.
Axis Magnus Credit Card Review Quick Overview
Card issuer: Axis Bank
Annual fee: ₹12,500 + GST (for the standard Magnus)
Welcome bonus: ~₹12,500 worth of vouchers (Luxe / Postcard Hotels / Yatra)
Best for: Frequent travellers, big spenders, people who want premium lounge access and hotel/airline partner miles.
| Feature | Details |
|---|---|
| Reward rate | 12 EDGE Reward Points per ₹200 spent for most spends (≈1.2%) |
| Accelerated spends | 35 points per ₹200 when monthly spend > ₹1.5 lakh |
| Travel portal bonus | 2% of transactions |
| Foreign currency mark-up fee | 2% of transaction |
| Lounge access | Up to 60 points per ₹200 if you spend via the Axis Travel Edge portal |
Axis Magnus Benefits and Rewards
Cashback / Rewards
This Axis Magnus credit card review found that one of the biggest draws of the card is its rewards scheme via the Axis EDGE Rewards system. For everyday spending, you earn:
- 12 points for every ₹200 spent (which equals about 1.2%)
- When you spend over ₹1.5 lakh in a month, that jumps to 35 points per ₹200 (~7% in points) for the incremental spends.
- On purchases via the Axis Travel Edge portal, you can earn 60 points per ₹200 (~12%) up to ₹2 lakh monthly.
These are strong numbers if you meet the thresholds. The trick is: high spend + right categories = good value. If your spends are moderate, the base reward rate may feel low compared to the fee.
Travel Benefits
This card is built with travel in mind. Some of the key travel perks:
- Unlimited complimentary domestic airport lounge access (subject to spend condition – e.g., spend ₹50,000 in the previous quarter)
- Unlimited complimentary international lounge access via Priority Pass membership for primary cardholder, and guest visits allowed.
- Low foreign-currency mark-up fee of just 2% (technical: 2% + GST) — which is better than many cards.
- Fuel surcharge waiver of 1% for transactions between ₹400 and ₹4,000 (max ₹400/month) at fuel stations.
If you travel domestically and internationally, those lounge access + low markup benefits add tangible value.
Shopping / Partner Offers
While the main theme is travel, there are other benefits:
- Welcome voucher of ~₹12,500 from partners such as Luxe, Yatra, or Postcard Hotels.
- Dining discounts via programs like Dining Delights — e.g., up to 15% off at 4,000+ restaurants.
- Good access to hotel/airline partner transfers for the EDGE Reward points. For example, you can convert points into miles/hotel points at partner airlines/hotels.
These add-ons help build the “premium” feel of the card.
EMI / Big Spend Perks
For big spends, the card tries to reward you harder. The accelerated rewards kick in after reaching the monthly spend threshold. Also, the higher you go, the more value you get from transfer partners (for those who use points-to-miles/hotels). But note: many big spend perks (milestones, meet & greet) have been scaled back/removed in recent updates.
Axis Magnus Credit Card Fees and Charges
It’s important to know what you’re signing up for.
Annual fee
- Joining fee: ₹12,500 + GST.
- Renewal fee: Same ₹12,500 + GST. Waivable if you spend ₹25 lakh in the previous anniversary year.
Interest rate (APR)
- Interest on outstanding balance is ~3.0% per month (~36% per annum) as per recent info.
Late fee / other charges
- Foreign currency transaction mark-up: 2% of the transaction (plus GST)
- No cash withdrawal fee, though interest will still be charged from the day of withdrawal.
- Reward exclusions: Some spend categories (fuel, jewellery, utilities, wallet loads) do not count for rewards or spend waiver conditions.
Axis Magnus Credit Card Pros and Cons
Pros
- Excellent lounge access (domestic + international) for frequent travellers.
- Good reward rate for big spenders, especially if you use a travel portal and transfer points.
- Low foreign currency mark-up fee, making overseas spends less expensive.
- Premium perks like a welcome voucher and dining offers add value.
Cons
- Very high annual fee (₹12,500) — you need to spend a lot to get your money’s worth.
- Many exclusions for earn/spend thresholds (fuel, jewellery, wallet loads) mean not all spend counts.
- The rewards transfer ratio and caps aren’t as generous for the standard Magnus (versus the Burgundy variant).
- Unless you spend heavily, the base reward rate may not justify the cost.
- Some premium features (milestones, meet & greet) have been removed or changed.
Who Should Apply for the Axis Magnus Credit Card?
Best for:
- Frequent travellers (both domestic & international) who will utilise lounge access and low foreign currency mark-up.
- High spenders: If you regularly spend ₹1.5 lakh+ per month, you’ll hit the accelerated reward thresholds.
- People who transfer reward points into airline/hotel miles and make the most of that partner ecosystem.
Not ideal for:
- Occasional spenders or those who spend modest amounts monthly — the annual fee may outweigh the benefit.
- People whose spending is mostly on fuel, jewellery, utilities, or wallet loads (because those are excluded).
- Someone who wants a simple cashback card — there are cheaper alternatives with fewer restrictions.
How to Apply for Axis Magnus Credit Card
Eligibility criteria:
- Age: Primary cardholder must be between 21 and 70 years.
- Minimum annual income: Some sources cite the requirement of ₹24 lakh for salaried/self-employed.
- Good credit history and existing credit cards with limits may help.
Documents required:
- Identity proof (PAN, Aadhaar, etc)
- Address proof
- Income proof (salary slips / ITR).
- Possibly proof of big spends/credit card history if you’re going for the premium variant.
You can apply online via the Axis Bank website or visit a branch. Approval may depend on your relationship with the bank and your past credit behaviour.
Note: This card is premium, so make sure you’re comfortable with the fee and you’ll get the benefits.
FAQs About Axis Magnus Credit Card
Q1: Can one get the annual fee waived entirely?
A1: Yes — the renewal fee is waived if you spend ₹25 lakh in the preceding year. But remember: many types of spending (fuel, jewellery, utilities, wallet loads) don’t count.
Q2: How many lounges can I access with this card?
A2: You get unlimited complimentary domestic and international lounge visits (with Priority Pass) for the primary cardholder, subject to conditions like prior spend for domestic lounge.
Q3: What is the reward point transfer ratio?
A3: For the regular Magnus: 5 Edge points = 2 partner miles (i.e., 5:2) in many cases. For the Burgundy variant (for high-net-worth/Burgundy customers), the ratio improves (5:4).
Q4: Do fuel purchases earn rewards or count towards the spend threshold?
A4: No – fuel (and some other categories) are excluded from earning rewards and do not count towards the spend threshold for many benefits.
Q5: Is it worth it only if someone travels internationally?
A5: Not necessarily only international travel — but if you do travel frequently domestically and internationally (and use the lounges, partner transfers, etc.), then you’ll extract value. If you don’t, the cost may outweigh the benefits.
Axis Magnus Credit Card Verdict
Axis Magnus Credit Card is a strong contender in the premium credit-card space in India in 2025, but it’s not for everyone. If someone spends big, travels often, uses lounges, and can move reward points into airline/hotel partners cleverly, then the value is there. For such users, the welcome voucher, lounge access, low forex mark-up, and accelerated reward rates can more than offset the ₹12,500 annual fee.
However, if you’re a moderate spender, or your spends are in excluded categories (fuel, utilities, jewellery, etc.), you might end up paying the fee without enjoying the benefits fully. In that case, a simpler card might suit better.
If you shop a lot, travel frequently, and spend ₹1.5 lakh+ or more a month, the Axis Magnus Credit Card can save you tens of thousands of rupees annually when you factor in lounge access + rewards. But if you don’t match that profile, it may not be the value-for-money option you’re looking for.
