Priority Pass
Axis Bank
Magnus
The Axis Bank Magnus Credit Card is a premium travel and lifestyle credit card designed for high earners and big spenders. Despite experiencing two rounds of devaluations, it remains a highly popular option in India because of its solid base rewards program, which grants 12 EDGE reward points on every Rs.
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Data last updated 6 June 2026.
At a Glance
Annual Fee
₹12,500
Joining Fee
₹12,500
Fee Waiver
Spend ₹25,00,000 annually
Lounge Access
Unlimited lounge access
Forex Markup
2%
Effective Yield
1.2% – 12%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The Axis Bank Magnus Credit Card is a premium travel and lifestyle credit card designed for high earners and big spenders. Despite experiencing two rounds of devaluations, it remains a highly popular option in India because of its solid base rewards program, which grants 12 EDGE reward points on every Rs. 200 spent up to monthly cumulative transactions of Rs. 1.5 Lakh. For those who cross the Rs. 1.5 Lakh threshold, the card unlocks an accelerated tier of 35 EDGE reward points per Rs. 200 spent, which significantly boosts its overall value.
Beyond reward points, the card is heavily packed with travel advantages, featuring unlimited domestic airport lounge visits for primary and add-on cardholders (conditioned on spending Rs. 50,000 in the prior three months) and unlimited international lounge access via Priority Pass. Additionally, users can earn up to 5X rewards on travel bookings made through the Travel EDGE portal, enjoy up to 30% off at partner restaurants, and access curated hotel benefits at international Oberoi and Trident properties.
To extract the absolute highest value from this card, users must be comfortable spending large sums, specifically targeting the Rs. 1.5 Lakh monthly spend mark to optimize points, or aiming for the Rs. 25 Lakh annual milestone to get the renewal fee waived. Because rewards redemption is subject to category limits and caps across partner airlines and hotels, Magnus is best suited for affluent frequent travelers who don't mind navigating the Group A and Group B transfer limits.
What We Like
We highly appreciate the card's generous reward structures, allowing high spenders to earn up to 35 EDGE reward points per Rs. 200 spent. We also like the extensive travel lounge benefits, providing unlimited domestic and international airport lounge access. Lastly, the flexibility to transfer earned reward points to numerous airline and hotel loyalty programs is a standout feature.
Pros
- ✓Enjoy unlimited complimentary domestic and international airport lounge visits.
- ✓Transfer your accumulated EDGE reward points to multiple hotel and airline loyalty programs.
- ✓Save on international transactions with a low foreign exchange markup fee of 2%.
- ✓Earn up to 5X reward points on travel bookings made via the Travel EDGE portal.
Cons
- ✗Requires a high spending milestone of Rs. 25 Lakh in a year to get the annual fee waived.
- ✗Welcome gifts and vouchers are restricted to a limited selection of brands.
- ✗Does not provide airport concierge or meet-and-greet services.
- ✗Imposes a maximum annual cap on redeeming reward points for hotel points and air miles.
Get This Card If
- ✓You are a high spender who can comfortably earn a substantial volume of reward points each month.
- ✓You can easily meet the high annual spend milestone of Rs. 25 Lakh to secure an annual fee waiver.
- ✓You are a frequent traveler looking for complimentary lounge visits and other travel privileges.
- ✓You do not mind primarily redeeming your earned points with Group B travel partners.
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| Travel EDGE Portal (Accelerated) | 60 Reward Points (RP) per ₹200 | 12.00% (Miles Value) | Capped at ₹2 Lakhs spend per month |
| Incremental Monthly Spends (>₹1.5L) | 35 RP per ₹200 | 7% | Applied up to credit limit + ₹1.5L per month |
| Base Retail Spends | 12 RP per ₹200 | 2.4% | No Upper Cap |
| Excluded Categories (2026 Update) | No Points Earned | 0.0% | — |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹25 Lakh | Fee Waiver | ₹12,500 + GST Savings | Annual renewal fee is waived upon hitting ₹30 Lakhs annual retail spend. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Airline Partners (Standard) | ₹0.45:2 Ratio | Best Value (Partners: Singapore Air, Air India, ITC, Flying Blue) |
Essential Fine Print
Reward Exclusions
Excluded Categories (No Points): Fuel, Wallet loads, Insurance, Utilities, Government payments, Rent, and Education payments.
Welcome Offer
Welcome Voucher
Choice of a voucher worth ₹12,500 from Luxe, Yatra, or Postcard Hotels upon payment of the joining fee.
Lounge Access
Priority PassInternational Lounge Access
Unlimited complimentary international lounge visits via Priority Pass, including 4 complimentary guest visits per year.
Domestic Lounge Access
Unlimited complimentary domestic lounge access. (Note: unlimited domestic airport lounge access will be based on minimum spends of ₹50,000 in the previous 3 months. In the case of a newly issued card, the minimum spend criteria is waived off for the month of issuance as well as for the following 3 months)
Travel Benefits
Good Transfer Ratio
Preferential 5:2 conversion ratio for EDGE Reward Points to partner Air Miles and Hotel points for Burgundy customers.
Superior Earning Rate
Earn 60 EDGE Reward Points for every ₹200 spent on Travel Edge portal, up to cumulative transactions of ₹2,00,000 per month. Earn 35 EDGE Reward Points per *200 spent above cumulative transactions of ₹2,00,000 per month.
Dining Benefits
EazyDiner Prime
Complimentary EazyDiner Prime membership providing up to 30% discount at 4,000+ restaurants.
Milestone Benefits
Annual Fee Waiver
Renewal fee is waived upon achieving a cumulative spend of ₹25 Lakhs in the preceding card anniversary year.
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹12,500 |
| Annual / Renewal Fee | ₹12,500 |
| Fee Waiver Threshold | Spend ₹25,00,000 annually |
| Forex Markup | 2% |
| Reward Redemption Fee | ₹-1 per redemption |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Age Requirement
The primary cardholder must be aged between 18 and 70 years.
Income
Net Salary of ₹24 lakhs per annum or Net Annual Income Tax Return filed for ₹24 Lakhs.
Residency
Resident of India
Ready to apply for Magnus?
Annual fee: ₹12,500 · Waived on ₹25,00,000 spend
Frequently Asked Questions
Annual fee
₹12,500
1.2% – 12% yield