Axis Bank Magnus Credit Card

Movie & Dining

20% Discount at 4,000+ Restaurants Across India Under the Axis Dining Delights Program

Rewards Rate

12 Axis EDGE REWARDS Points for every Rs. 200 spent with the card, 5X EDGE REWARDS on travel spends via TRAVEL EDGE.

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.

Travel

Complimentary Airport Lounge Access, and Discounted Stays at Oberoi Hotels

Domestic Lounge Access

Unlimited Free 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

Golf

NA

Insurance Benefits

Credit shield protection worth Rs. 5 lakh (in case the card is lost) and a purchase protection worth Rs. 2 lakh.

Welcome Gift Vouchers

Upon the activation of your credit card, you will receive gift vouchers worth ₹12,500. You have the choice of selecting vouchers from Luxe, Postcard Hotels, or Yatra. This welcome benefit adds value to your card and gives you a head start on saving money with your purchases.

Axis EDGE REWARDS Points

The card offers a rewarding program where for every ₹200 spent on retail purchases up to ₹1.5 Lakhs, you earn 12 Axis EDGE REWARDS Points. Once your monthly spending exceeds ₹1.5 Lakhs, you begin to earn at an accelerated rate of 35 REWARDS Points for every ₹200 spent. These points can be redeemed for a variety of rewards, adding to the overall value of your card.

Travel Edge Portal Rewards

If you frequently travel, this feature will greatly benefit you. For every ₹200 spent on the Travel Edge portal up to ₹2 Lakhs, you earn 60 Axis EDGE REWARDS Points. After your monthly spending crosses ₹2 Lakhs, you continue to earn at a rate of 35 REWARDS Points for every ₹200 spent. This encourages and rewards your travel spending.

Unlimited Domestic Lounge Access

The credit card comes with the perk of unlimited access to domestic airport lounges throughout the year. You can relax and enjoy the amenities these lounges offer while waiting for your flight, enhancing your travel experience.

Priority Pass International Lounge Visits

This card also offers unlimited complimentary international lounge visits every year with the Priority Pass. This feature is especially beneficial for frequent international travellers, providing them with a comfortable and luxurious space to relax during their travels.

Discounted Oberoi Hotel Stays

Enjoy discounted stays at Oberoi Hotels, one of the most prestigious hotel chains in India. This feature is perfect for those who value luxury and comfort during their travels, providing substantial savings on accommodation.

Axis Bank Dining Delights

Get a 40% discount up to Rs 1,000 via Eazydiner at over 4,000 restaurants across India under the Axis Bank Dining Delights program. This feature provides significant savings on dining and makes your dining experiences more enjoyable.

Protection with Magnus Card

With the Magnus Card, you get a Credit Shield cover worth ₹5 lakh against misuse of the card and purchase protection worth ₹2 lakh. This feature provides assurance and protection against any fraudulent activities and unauthorized transactions.

Medical Benefits

The card offers comprehensive medical benefits including a medical concierge, a second medical opinion, preventive healthcare diagnostic programs, and global travel and medical assistance. This ensures that you always have access to medical aid when needed.

Lower Interest and Fees

The card comes with a lower interest rate of 2.5% pm, a low foreign currency markup of 2%, and zero cash withdrawal fee. This feature is beneficial for those who travel internationally frequently or need to withdraw cash, as it helps to keep the costs of using the card to a minimum.

There are no cash withdrawal charges with this card.

Unlimited international and domestic lounge access with the Magnus Credit Card.

The annual income required to be eligible for the Axis Bank Magnus Credit Card is very high, at ₹24 lakh.

There are no golf benefits with this card.

Several benefits have now been removed from the Magnus Credit Card (as of May 2024) such as BOGO offers on movie bookings and concierge services.