Axis Bank Magnus Credit Card

9.2
Expert ScoreRead review
  • Rs. 12,500 worth gift voucher from Luxe, Postcard Hotels, or Yatra as welcome benefit
  • 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases up to Rs. 1.5 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 1.5 Lakhs
  • Earn 60 Axis EDGE REWARDS Points for every Rs. 200 spent on Travel Edge portal Rs. 2 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 2 Lakhs
  • Unlimited domestic airport lounge access every year.
  • Unlimited complimentary international lounge visits every year with Priority Pass.
  • Discounted stays at Oberoi Hotels.
  • Buy one and get up to Rs. 500 off on the next BookMyShow ticket (max 5 times a month).
  • 40% discount upto Rs 1,000 via Eazydiner at 4,000+ restaurants across India under the Axis Bank Dining Delights program.
  • Credit Shield cover (against misuse of the card) worth Rs. 5 lakh and purchase protection worth Rs. 2 lakh with Axis Bank Magnus Card.
  • Medical benefits include a medical concierge, second medical opinion, preventive healthcare diagnostic programs, and global travel and medical assistance.
  • Lower interest rate (2.5% pm) and foreign currency mark-up (2%) and zero cash withdrawal fee.
  • 24×7 dedicated concierge service for assistance regarding flight or hotel reservations, gift deliveries, etc.

Added to wishlistRemoved from wishlist 0
Add to compare
Category:

Axis Bank Magnus Credit Card

9.2
Expert ScoreRead review
  • Rs. 12,500 worth gift voucher from Luxe, Postcard Hotels, or Yatra as welcome benefit
  • 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases up to Rs. 1.5 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 1.5 Lakhs
  • Earn 60 Axis EDGE REWARDS Points for every Rs. 200 spent on Travel Edge portal Rs. 2 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 2 Lakhs
  • Unlimited domestic airport lounge access every year.
  • Unlimited complimentary international lounge visits every year with Priority Pass.
  • Discounted stays at Oberoi Hotels.
  • Buy one and get up to Rs. 500 off on the next BookMyShow ticket (max 5 times a month).
  • 40% discount upto Rs 1,000 via Eazydiner at 4,000+ restaurants across India under the Axis Bank Dining Delights program.
  • Credit Shield cover (against misuse of the card) worth Rs. 5 lakh and purchase protection worth Rs. 2 lakh with Axis Bank Magnus Card.
  • Medical benefits include a medical concierge, second medical opinion, preventive healthcare diagnostic programs, and global travel and medical assistance.
  • Lower interest rate (2.5% pm) and foreign currency mark-up (2%) and zero cash withdrawal fee.
  • 24×7 dedicated concierge service for assistance regarding flight or hotel reservations, gift deliveries, etc.
Category:
Reward Type
Reward Points
Renewal Fee
Rs. 12,500 plus GST
Joining Fee
Rs. 12,500 plus GST
Type of Card
Reward
Welcome Benefits
Choose a gift voucher worth Rs. 12,500 from any one of Luxe, Yatra, or Postcard Hotels

USP of Card

  • Rs. 12,500 worth gift voucher from Luxe, Postcard Hotels, or Yatra as welcome benefit
  • 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases up to Rs. 1.5 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 1.5 Lakhs
  • Earn 60 Axis EDGE REWARDS Points for every Rs. 200 spent on Travel Edge portal Rs. 2 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 2 Lakhs
  • Unlimited domestic airport lounge access every year.
  • Unlimited complimentary international lounge visits every year with Priority Pass.
  • Discounted stays at Oberoi Hotels.
  • Buy one and get up to Rs. 500 off on the next BookMyShow ticket (max 5 times a month).
  • 40% discount upto Rs 1,000 via Eazydiner at 4,000+ restaurants across India under the Axis Bank Dining Delights program.
  • Credit Shield cover (against misuse of the card) worth Rs. 5 lakh and purchase protection worth Rs. 2 lakh with Axis Bank Magnus Card.
  • Medical benefits include a medical concierge, second medical opinion, preventive healthcare diagnostic programs, and global travel and medical assistance.
  • Lower interest rate (2.5% pm) and foreign currency mark-up (2%) and zero cash withdrawal fee.
  • 24×7 dedicated concierge service for assistance regarding flight or hotel reservations, gift deliveries, etc.

Fees & Charges

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)
Cash Advance Charges
2% of the transaction plus GST
Rewards Redemption Fee
Nil
Fuel Surcharge
1% fuel surcharge waived off at all fuel stations across India
Foreign Currency Markup
NIL (Interests charges applicable)
Late Payment Fee
-
Add-on Card Fee
Nil

Rewards & Benifit

Movie & Dining offers
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.
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.
Zero Liability Protection
Credit shield cover worth Rs. 5 lakh, liability protection up to the card’s credit limit.
Rewards Rate
12 Axis EDGE REWARDS Points for every Rs. 200 spent with the card, 5X EDGE REWARDS on travel spends via TRAVEL EDGE.
Travel
Complimentary international as well as domestic airport lounge access, airport concierge services and discounted stays at Oberoi Hotels.
Online Shopping offers
Buy one and get up to Rs. 500 off on the next BookMyShow ticket (max 5 times a month).
Insurance Benefits
Credit shield protection worth Rs. 5 lakh (in case the card is lost) and a purchase protection worth Rs. 2 lakh.
Domestic Lounge Access
Unlimited domestic airport lounge access
International Lounge Access
Unlimited complimentary international airport lounge access for primary cardholders and 8 complimentary visits for the guests every year with Priority Pass
9.2Expert Score
  • Rs. 12,500 worth gift voucher from Luxe, Postcard Hotels, or Yatra as welcome benefit
  • 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases up to Rs. 1.5 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 1.5 Lakhs
  • Earn 60 Axis EDGE REWARDS Points for every Rs. 200 spent on Travel Edge portal Rs. 2 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 2 Lakhs
  • Unlimited domestic airport lounge access every year.
  • Unlimited complimentary international lounge visits every year with Priority Pass.
  • Discounted stays at Oberoi Hotels.
  • Buy one and get up to Rs. 500 off on the next BookMyShow ticket (max 5 times a month).
  • 40% discount upto Rs 1,000 via Eazydiner at 4,000+ restaurants across India under the Axis Bank Dining Delights program.
  • Credit Shield cover (against misuse of the card) worth Rs. 5 lakh and purchase protection worth Rs. 2 lakh with Axis Bank Magnus Card.
  • Medical benefits include a medical concierge, second medical opinion, preventive healthcare diagnostic programs, and global travel and medical assistance.
  • Lower interest rate (2.5% pm) and foreign currency mark-up (2%) and zero cash withdrawal fee.
  • 24×7 dedicated concierge service for assistance regarding flight or hotel reservations, gift deliveries, etc.
Best values score
9.2
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.
9.2Expert Score
  • Rs. 12,500 worth gift voucher from Luxe, Postcard Hotels, or Yatra as welcome benefit
  • 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases up to Rs. 1.5 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 1.5 Lakhs
  • Earn 60 Axis EDGE REWARDS Points for every Rs. 200 spent on Travel Edge portal Rs. 2 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 2 Lakhs
  • Unlimited domestic airport lounge access every year.
  • Unlimited complimentary international lounge visits every year with Priority Pass.
  • Discounted stays at Oberoi Hotels.
  • Buy one and get up to Rs. 500 off on the next BookMyShow ticket (max 5 times a month).
  • 40% discount upto Rs 1,000 via Eazydiner at 4,000+ restaurants across India under the Axis Bank Dining Delights program.
  • Credit Shield cover (against misuse of the card) worth Rs. 5 lakh and purchase protection worth Rs. 2 lakh with Axis Bank Magnus Card.
  • Medical benefits include a medical concierge, second medical opinion, preventive healthcare diagnostic programs, and global travel and medical assistance.
  • Lower interest rate (2.5% pm) and foreign currency mark-up (2%) and zero cash withdrawal fee.
  • 24×7 dedicated concierge service for assistance regarding flight or hotel reservations, gift deliveries, etc.
Best values score
9.2
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.

Specification: Axis Bank Magnus Credit Card

Bank Name

Axis Bank

Type of Credit Card

Joining Fees

Renewal fees

Best Suited for

Reward Type

Welcome Benifits

Movie & Dining Offers

Travel Offers

online shopping offers

Reward redemption

Reward Rate

Domestic Lounge Access

International lounge access

Insurance Benifits

Zero liability protection

Spend based waiver

Reward redemption charges

Foreign currency markup Charges

Interest Charges

Fuel Surcharges

Cash advance charges

Interest Free credit periods

Add on card fee

ELIGIBILITY CRITERIA

Late Payment Fee

Partner Discounts

Reward offer savings

USP of Card

BestValue Score

User Reviews

0.0 out of 5
★★★★★
0
★★★★★
0
★★★★★
0
★★★★★
0
★★★★★
0
Write a review

There are no reviews yet.

Only logged in customers who have purchased this product may leave a review.

Axis Bank Magnus Credit Card
Axis Bank Magnus Credit Card

2023 Matyaj creatives india pvt Ltd. All rights reserved.
BestValuesGuide
Logo
Compare items
  • Total (0)
Compare
0