Axis Bank Magnus Credit Card
A super-premium card for big spenders: unlimited lounge access worldwide and very high reward rates once you spend over ₹1.5 lakh a month, with points that transfer to airlines and hotels.
Rewards and cashback
| Where you spend | You earn | Limit |
|---|---|---|
| All spends up to ₹1.5 lakh a month | 12 EDGE points per ₹200 | – |
| Spends above ₹1.5 lakh in a month | 35 EDGE points per ₹200 | Up to your credit limit + ₹1.5 lakh |
| Axis Travel EDGE portal | 60 EDGE points per ₹200 | ₹2 lakh portal spend a month |
| Utilities, wallet loads, government, insurance, fuel, gold, tolls, gift cards | Nothing | – |
- Best value: transfer to airline and hotel partners at 5:2 (about ₹0.40 a point).
- As cashback or vouchers, points are worth only about ₹0.20.
- Yearly transfer caps apply by partner group.
Benefits
Welcome benefit
- About ₹12,500 welcome benefit in the first year (not on the lifetime-free Burgundy salary variant).
Milestones
- No milestone bonus since 2 Apr 2026; spend counts only toward the fee waiver.
Travel and lounges
- Unlimited domestic lounge visits with ₹50,000 spend in the previous 3 months.
- Unlimited international lounge visits with Priority Pass.
- 4 guest visits a year.
Fuel and forex
- Forex markup 2%.
- 1% fuel surcharge waiver on ₹400 to ₹4,000, up to ₹400 a cycle.
Other perks
- A RuPay variant can be linked to UPI (rewards on up to ₹50,000 UPI spend a month)
Fees and charges
| Joining fee | ₹12,500 + GST (₹14,750) |
|---|---|
| Annual fee | ₹12,500 + GST, waived on ₹25 lakh yearly spend |
| Interest | 3% a month |
| Forex markup | 2% |
| Late fee | ₹1,200 to ₹1,300 |
GST at 18% applies on fees. Banks change charges from time to time; the bank’s own terms are final.
Who can apply
- Age 18 to 70
- Salaried: about ₹24 lakh a year
You will usually need PAN, Aadhaar or address proof, and income proof (salary slips or ITR). A credit score of 750 or more improves your chances.
Pros and cons
What we like
- Unlimited lounges in India and abroad
- Very high earn rate on spend above ₹1.5 lakh a month
- Many airline and hotel transfer partners
Watch out for
- Expensive unless you spend ₹25 lakh a year
- Points weak if not transferred
- Frequent changes to transfer partners
Is the Axis Bank Magnus worth it?
Magnus makes sense only for big spenders. Its real value starts above ₹1.5 lakh a month, where the earn rate almost triples, and you need ₹25 lakh a year to get the ₹12,500 + GST fee waived.
What a year could look like
| ₹2 lakh a month | ₹75,000 a month | |
|---|---|---|
| Yearly spend | ₹24 lakh | ₹9 lakh |
| EDGE points earned | 2,13,000 | 54,000 |
| Worth if moved to airline and hotel partners (about ₹0.40 a point) | ₹85,200 | ₹21,600 |
| Worth as cashback or vouchers (about ₹0.20 a point) | ₹42,600 | ₹10,800 |
| Annual fee | ₹14,750 | ₹14,750 |
| Value after fees (points moved to partners) | About ₹70,450 | About ₹6,850 |
Our example assumes every spend earns points: 12 per ₹200 up to ₹1.5 lakh a month and 35 per ₹200 above it. Utilities, insurance, fuel, wallet loads, gold and some other categories earn nothing. ₹24 lakh a year is just short of the ₹25 lakh waiver. The example leaves out the first-year welcome benefit and lounges.
How to get the most from it
- Put your big spends on Magnus so you cross ₹1.5 lakh in a month, where the earn rate rises to 35 points per ₹200.
- Move points to airline and hotel partners at 5:2, keeping the yearly limits for each partner group in mind.
- Spend ₹50,000 every 3 months to keep unlimited domestic lounge access.
- Book travel on Axis Travel EDGE for 60 points per ₹200, on up to ₹2 lakh a month.
Skip it if
- You spend less than ₹1 lakh a month. HDFC Regalia Gold or Axis Bank Horizon cost far less.
- You would take points as cashback. At ₹0.20 a point, the fee often wipes out the gain.
New to card fees? Read how joining fees, annual fees and waivers work.
Recent changes
- 22 Sep 2026Transfer partner changes: Accor back, Club ITC removed, several partners moved between groups.
- 28 Aug 2026Priority Pass no longer valid at Indian domestic lounges; use the card and boarding pass instead.
- 2 Apr 2026Milestone bonus discontinued.
Frequently asked questions
What is the value of Axis Magnus EDGE points?
About ₹0.40 each when transferred to airlines and hotels at 5:2, and about ₹0.20 as cashback or vouchers.
Does Axis Magnus have unlimited lounge access?
Yes, unlimited international via Priority Pass, and unlimited domestic if you spend ₹50,000 in the previous 3 months.
How much do I need to spend for Axis Magnus to be worth it?
Roughly ₹1 lakh a month or more, if you move points to partners. In our examples, ₹75,000 a month leaves about ₹6,850 a year after the fee, and ₹2 lakh a month leaves about ₹70,000.
How do I get the Axis Magnus annual fee waived?
Spend ₹25 lakh in a card year and the next year’s ₹12,500 + GST fee is waived.
Does Axis Magnus still have a milestone bonus?
No. Axis Bank stopped the milestone bonus on 2 April 2026, so spend now only counts towards the fee waiver.
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Sources: CardAdvisor. Details checked on 22 Oct 2026. For information only, not financial advice; always read the bank’s most important terms (MITC) before applying.