AXIS BANK MAGNUS Credit Card
Rs 12,500Annual fee
Rs 25,00,000Fee waiver spend
UnlimitedDomestic lounge
Domestic lounge conditions
- Domestic lounge access requires minimum spends of Rs 50,000 in the previous 3 calendar months; the spend condition is waived for the month of issuance plus the next 3 calendar months.
- Unlimited domestic and international lounge access applies to primary cardholder; guest visits are limited to 4 domestic guest visits per calendar year and 4 international guest visits per card anniversary year on Priority Pass.
2%Forex markup
Best for
travel, lounge, premium, travel edge, high spends
Top rewards
Travel EDGE: 60 EDGE REWARD Points / Rs 200 upto Rs 2 lakh per calendar month, then 35 EDGE REWARD Points / Rs 200; Eligible spends up to Rs 1.5 lakh per calendar month: 12 EDGE REWARD Points / Rs 200; Eligible incremental spends above Rs 1.5 lakh per calendar month: 35 EDGE REWARD Points / Rs 200
Axis Bank Magnus Credit Card for Burgundy
Rs 30,000Annual fee
Rs 30,00,000Fee waiver spend
UnlimitedDomestic lounge
Domestic lounge conditions
- Domestic lounge access requires minimum spends of Rs 50,000 in the previous 3 calendar months; the spend condition is waived for the month of issuance plus the next 3 calendar months.
- Unlimited domestic and international lounge access applies to primary cardholder; guest visits are limited to 4 domestic guest visits per calendar year and 4 international guest visits per card anniversary year on Priority Pass.
2%Forex markup
Best for
premium travel, lounge, partner miles, travel edge, burgundy relationship
Top rewards
Travel EDGE: 60 EDGE REWARD Points / Rs 200 upto Rs 2 lakh per calendar month, then 35 EDGE REWARD Points / Rs 200; Eligible spends up to Rs 1.5 lakh per calendar month: 12 EDGE REWARD Points / Rs 200; Eligible incremental spends above Rs 1.5 lakh per calendar month: 35 EDGE REWARD Points / Rs 200
| Feature | AXIS BANK MAGNUS Credit Card | Axis Bank Magnus Credit Card for Burgundy |
|---|---|---|
| Issuer | Axis Bank | Axis Bank |
| Network | Visa | Visa |
| Joining fee | Rs 12,500 | Rs 30,000 |
| Annual fee | Rs 12,500 | Rs 30,000 |
| Fee waiver spend | Rs 25,00,000 | Rs 30,00,000 |
| Reward type | edge reward points | edge reward points |
| Best for | travel, lounge, premium, travel edge, high spends | premium travel, lounge, partner miles, travel edge, burgundy relationship |
| Top reward categories | Travel EDGE: 60 EDGE REWARD Points / Rs 200 upto Rs 2 lakh per calendar month, then 35 EDGE REWARD Points / Rs 200; Eligible spends up to Rs 1.5 lakh per calendar month: 12 EDGE REWARD Points / Rs 200; Eligible incremental spends above Rs 1.5 lakh per calendar month: 35 EDGE REWARD Points / Rs 200 | Travel EDGE: 60 EDGE REWARD Points / Rs 200 upto Rs 2 lakh per calendar month, then 35 EDGE REWARD Points / Rs 200; Eligible spends up to Rs 1.5 lakh per calendar month: 12 EDGE REWARD Points / Rs 200; Eligible incremental spends above Rs 1.5 lakh per calendar month: 35 EDGE REWARD Points / Rs 200 |
| SmartBuy / accelerated caps | Not listed | Not listed |
| Domestic lounge | Unlimited | Unlimited |
| International lounge | Unlimited | Unlimited |
| Forex markup | 2% | 2% |
| Milestone benefits | Annual fee waiver on spends of Rs 25 lakh in the preceding card anniversary year, For eligible older customers, historical waiver thresholds may differ as per Axis terms | Not listed |
| Redemption | Air miles: upto Rs 0.4 per point; Statement credit: upto Rs 0.2 per point | Not listed |
| Key exclusions | utility and telecom spends, wallet loads, government spends, insurance, gold and jewellery, fuel | utility and telecom spends, wallet loads, government spends, insurance, gold and jewellery, fuel |