Magnus for Burgundy Credit Card
Rs 30,000Annual fee
Rs 30,00,000Fee waiver spend
UnlimitedDomestic lounge
Domestic lounge conditions
- Domestic lounge access requires minimum spends of ₹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 / ₹200 upto ₹2 lakh per calendar month, then 35 EDGE REWARD Points / ₹200; Eligible Spends Up To ₹1.5 Lakh Per Calendar Month: 12 EDGE REWARD Points / ₹200; Eligible Incremental Spends Above ₹1.5 Lakh Per Calendar Month: 35 EDGE REWARD Points / ₹200
HORIZON Credit Card
Rs 3,000Annual fee
8Domestic lounge
Domestic lounge conditions
- 2 complimentary domestic lounge visits per quarter (8 per year)
- 2 complimentary international lounge visits per quarter (8 per year)
3.5%Forex markup
Best for
Travel, Airlines, Travel EDGE, Lounge, Miles
Top rewards
Travel EDGE And Airline Websites: 5 EDGE Miles / ₹100 spent on Travel EDGE and airline websites; Other Eligible Retail Spends: 2 EDGE Miles / ₹100 spent
| Feature | Magnus for Burgundy Credit Card | HORIZON Credit Card |
|---|---|---|
| Issuer | Axis Bank | Axis Bank |
| Network | Visa | Visa |
| Joining fee | Rs 30,000 | Rs 3,000 |
| Annual fee | Rs 30,000 | Rs 3,000 |
| Fee waiver spend | Rs 30,00,000 | - |
| Reward type | EDGE Reward Points | EDGE Miles |
| Best for | Premium Travel, Lounge, Partner Miles, Travel EDGE, Burgundy Relationship | Travel, Airlines, Travel EDGE, Lounge, Miles |
| Top reward categories | Travel EDGE: 60 EDGE REWARD Points / ₹200 upto ₹2 lakh per calendar month, then 35 EDGE REWARD Points / ₹200; Eligible Spends Up To ₹1.5 Lakh Per Calendar Month: 12 EDGE REWARD Points / ₹200; Eligible Incremental Spends Above ₹1.5 Lakh Per Calendar Month: 35 EDGE REWARD Points / ₹200 | Travel EDGE And Airline Websites: 5 EDGE Miles / ₹100 spent on Travel EDGE and airline websites; Other Eligible Retail Spends: 2 EDGE Miles / ₹100 spent |
| SmartBuy / accelerated caps | Not Listed | Not Listed |
| Domestic lounge | Unlimited | 8 |
| International lounge | Unlimited | 8 |
| Forex markup | 2% | 3.5% |
| Milestone benefits | Not Listed | 1,500 EDGE Miles renewal benefit from the second card anniversary year onward |
| Redemption | Air miles: upto ₹ 0.8 per point; Statement credit: upto ₹ 0.2 per point | Travel EDGE travel: upto ₹ 1 per point; Air miles: upto ₹ 1 per point |
| Key exclusions | utility and telecom spends, wallet loads, government spends, insurance, gold and jewellery, fuel | Fuel transactions, Rent payments, E-wallet loading transactions, Insurance premium payments, Utilities and telecom spends, Government services spends |