Axis Bank Magnus Credit Card: Perks, Rewards & How to Apply

Key Takeaways:

• Magnus Credit Card offers unlimited airport lounge access across the world, which is a great benefit for people who travel often.
   
• It gives high EDGE reward points on spending, which can add up to benefits worth several lakhs in a year for those who use the card regularly.
   
• The yearly fee of ₹10,000 is balanced out through rewards, gift vouchers, and partner discounts, making it cost-effective for premium users.
   
• This card is most suitable for individuals with an annual income of ₹18,00,000 or more, as they can make the most of its features and offers.

BONUS: AXIS BANK CREDIT CARDS ARE OFFERING UP TO ₹2,000 CASHBACK ON TAX AND INSURANCE PAYMENTS MADE BETWEEN AUGUST 20 AND SEPTEMBER 30, 2025. THIS PROMOTION IS VALID ACROSS POPULAR CARDS LIKE AXIS MAGNUS, FLIPKART, HORIZON, ATLAS, AND MORE, MAKING TAX AND INSURANCE PAYMENTS REWARDING.

The Axis Bank Magnus Credit Card is a super-premium card offering travel, shopping, dining, and lifestyle benefits to high-income individuals.

Rohit, a 36-year-old business consultant from Bengaluru, earns ₹22,00,000 annually. Each month, he spends ₹60,000 on travel, ₹30,000 on dining, and ₹25,000 on shopping. By using the Axis Bank Magnus Credit Card, Rohit earns 12 EDGE points per ₹200 spent, a bonus of 25,000 points. 

It was worth nearly ₹5,000 on reaching spending thresholds, and free domestic plus international lounge access valued at ₹1,20,000 annually. He saves ₹20,000 on hotel discounts and another ₹6,000 on BookMyShow offers. After one year, his Magnus card rewards are worth more than ₹1,70,000, making the ₹10,000 annual fee well worth it.

This blog covers everything about the Axis Bank Magnus Credit Card, from features, rewards, fees, and eligibility to benefits, documents, and the application process.

Axis Bank Magnus Credit Card Overview

The Axis Bank Magnus Credit Card belongs to the super-premium category, competing directly with cards such as HDFC Infinia and Diners Club Black. It is designed for people with high annual incomes who frequently travel, dine, and shop. The card offers lifestyle benefits such as unlimited lounge access, hotel discounts, medical concierge services, and exclusive dining programmes.

Here is a simple comparison of the Axis Bank Magnus Credit Card with two other leading premium cards:
 

The table shows that Axis Magnus matches or even outperforms its competitors in rewards and benefits while keeping fees reasonable.

Key Highlights of Axis Bank Magnus Credit Card

The Axis Bank Magnus is packed with premium features. It combines luxury travel, rewards, and lifestyle perks in one card, making it suitable for high spenders who value both convenience and savings.

Below are the key highlights of the Axis Bank Magnus Credit Card for a quick glance: 
 

These highlights show why Magnus is considered a luxury lifestyle credit card, offering unmatched benefits in exchange for a justifiable annual fee.

Benefits of Axis Bank Magnus Credit Card

The Axis Bank Magnus is not just a card but a complete lifestyle package. It gives premium benefits in travel, dining, movies, and hotels. These benefits often exceed the annual fee, making the card highly rewarding for big spenders.

Here is a breakdown of the major benefits offered by the Magnus card:
 

The table highlights that Magnus combines luxury with protection, making it a reliable choice for both lifestyle and safety benefits.

Axis Bank Magnus Credit Card Cashback & Rewards

One of the strongest points of the Magnus card is its EDGE Reward Points system. Points can be earned faster and redeemed for travel, shopping, or vouchers.

Here is a detailed look at how different spending categories earn reward points:
 

Bonus points are applicable only if the total monthly spend is ₹1,50,000 or more. The bonus is limited to one qualifying month at a time.

This reward structure shows how frequent travellers and diners can easily earn benefits worth several times the annual fee.

Axis Bank Magnus Credit Card Fees & Other Charges

While Magnus offers unmatched rewards, it also has certain charges that applicants should be aware of. These charges are important for evaluating the real value of the card.

Here is a summary of the main fees and charges of the Magnus card:
 

Though Magnus charges a high annual fee, the lifetime value of benefits outweighs the cost for those with high spending habits.

Late Payment Fee on Axis Bank Magnus Credit Card

Late payments attract charges that can affect both the user’s credit score and their savings. Magnus has a simple but strict late payment fee structure.

For Example, if Meera forgets to pay a bill of ₹20,000 on time, she is charged ₹600 as a late fee.

Below is the late fee structure for different outstanding amounts:

• ₹300, if the bill is less than ₹10,000
• ₹400, if the bill is between ₹10,000 and ₹20,000
• ₹600, if the bill is more than ₹20,000

Paying bills on time is crucial, as late fees not only reduce reward value but also harm the customer’s credit history.

Axis Bank Magnus Credit Card Pros & Cons

Every credit card has its strengths and weaknesses. Magnus is one of the top premium cards, but it may not suit everyone.

For Example, Vikram spends ₹1,80,000 annually on lifestyle. The benefits he receives (₹1,20,000+ lounge access, ₹40,000 rewards) outweigh the fee. But his friend Kunal, who spends only ₹4,00,000 yearly, finds it hard to justify the high ₹10,000 fee.

Here is a side-by-side view of the advantages and limitations of the Magnus card:
 

This table shows that Magnus is best for frequent travellers and high-income users, while average spenders may not unlock its full value.

Eligibility Criteria for Axis Bank Magnus Credit Card

To ensure it is used by the right audience, Axis Bank has set clear eligibility rules for the Magnus card.

For Example, Aarushi, a 29-year-old salaried professional earning ₹20,00,000 per year, qualifies for Magnus. But Raj, earning ₹15,00,000 annually, does not meet the criteria.

Here are the key eligibility conditions for applying:
 

This eligibility list shows that Magnus is designed mainly for high-earning professionals and business owners who can afford premium spending.

Required Documents to Apply for Axis Bank Magnus Credit Card

Applying for the Magnus card is simple, but proper documentation is necessary for verification and approval.

Here are the documents usually required for the Magnus application:

• PAN Card or Form 60
   
• Aadhaar Card / Passport / Driving Licence (ID proof)
   
• Utility bill or passport (Address proof)
   
• Salary slip, ITR copy, or Form 16 (Income proof)

These documents ensure Axis Bank checks both the financial ability and identity of applicants before issuing this premium credit card.

How to Apply for an Axis Bank Magnus Credit Card?

Axis Bank provides both online and offline methods for applications. The online option is more convenient and faster.

Here are the steps to apply for the Axis Bank Magnus Credit Card:

• Visit the official Axis Bank website.
   
• Go to the credit cards section and choose “Magnus Credit Card.”
   
• Fill in personal details and income information.
   
• Upload the necessary documents for KYC.
   
• Axis Bank verifies details and contacts you for confirmation.
   
• Alternatively, visit the nearest Axis Bank branch with documents.

The application process is straightforward, with digital KYC speeding up approval for online applicants.

Conclusion

The Axis Bank Magnus Credit Card stands out in the super-premium credit card market. It directly competes with HDFC Infinia and Diners Club Black, offering similar or better benefits in many areas. From unlimited lounge access, hotel discounts, and dining offers to concierge and medical services, Magnus provides a complete luxury experience.

For people with an annual income above ₹18,00,000, the ₹10,000 fee is justified as rewards and benefits can cross ₹2,00,000 yearly. However, for average spenders, Magnus may not be the right choice, as the fee and eligibility bar are both high.

In short, the Axis Bank Magnus Credit Card is an excellent choice for high-income individuals who travel often, spend heavily, and value a premium lifestyle.

FAQs on Axis Bank Magnus Credit Card

Q1. Is there a spend-based annual fee waiver on the Axis Bank Magnus Credit Card?
Yes. If you spend ₹25 lakh in a card anniversary year, the annual fee of ₹12,500 + GST is waived.

Q2. What is the current interest rate on the Axis Bank Magnus Credit Card?
The Magnus Credit Card continues with its existing rate and is not affected by the 3.75% per month revision applied to other Axis cards.

Q3. Are there special benefits for Burgundy holders of the Axis Bank Magnus Credit Card?
Yes. Burgundy Magnus cardholders get a better airline miles conversion at a 5:4 ratio and higher transfer limits.

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LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.