Axis Bank Magnus Credit Card - Features & Benefits

Are you ready to explore a world of rewards and benefits which match your lifestyle? Get hold of the Axis Magnus Credit Card and enjoy up to 10X reward points on travel, dining and entertainment, along with a ₹12,500 luxury voucher on your first transaction within 30 days. Discover how this card can help you maximise your rewards, simplify your finances and elevate your life experiences.

Quick Synopsis

• Axis Magnus credit card is a premium credit card offering high reward points on travel, dining and entertainment.
• It offers 12 EDGE reward points on each ₹200 spent up to ₹1.5 lakh per month and other such rewards.
• A joining fee of ₹12,500 + GST is applicable but the amount can be reclaimed in the form of gift cards/vouchers. 
• The credit card requires a minimum credit score of 750 to apply and increase the chances of approval.

Axis Bank Magnus Credit Card Benefits 

The base reward rate of 6% associated with Axis Magnus is one of the highest offered percentages among premium-level credit cards. Let’s further dive into the features and benefits of the Axis Bank Magnus credit card:

Welcome Benefits

The Magnus Credit Card is associated with a joining fee of ₹12,500, plus applicable GST. However, this fee shall be refunded in the form of a:

• Luxe gift card,
• The Postcard Hotels voucher, or
• Yatra voucher worth ₹12,500 

Note that you can avail of this benefit after making your very first transaction within 30 days of issuing the Axis Bank Magnus credit card. 

Earnings Through Rewards 

You can earn reward points on the Axis Magnus Credit Card in the following ways:

• Spend up to ₹1.5 lakh per month: 12 EDGE reward points for every ₹200 spent
• Spend over ₹2 lakh per month: 35 EDGE reward points for every ₹200 spent

Book your travels on the Travel EDGE portal:

• Up to ₹2 lakh per month: 60 points for each ₹200 spent
• Over ₹2 lakh per month: 35 points for each ₹200 spent

Lounge Access and Other Travel Facilities 

As part of facilities associated with travel and lounge access, the following apply:

• A low forex markup charge of 2%
• Complimentary international lounge visits (unlimited) with a Priority Pass; 4 additional guest visits each year
• Visits to certain domestic airport lounges (unlimited) for primary/add-on cardholders on expenditure of ₹50,000 in the preceding 3 months

Complimentary Stays & Discounts on Hotel Bookings 

Axis Magnus card holders may avail exclusive offers at the international Oberoi and Trident hotels:

• Get 15% off on the already best rates listed 
• Get complimentary stays on confirming bookings for 2 nights (the 3rd night shall be complimentary) and even bag a room upgrade

Annual Fee Waiver

You can get your annual fee of ₹12,500 waived upon spending ₹25 lakh or above in the previous year. 

Fuel Surcharge Waiver

Cardholders get the facility of a fuel surcharge waiver of 1%, capped at ₹400. This applies upon making transactions between ₹400 to ₹4,000.  

Discounted Fees and Charges

Here are some discounted charges you can avail:

• A lowered interest rate of 3% if the credit is extended;
• A reduced (by 2%) markup fee if one conducts a foreign currency transaction; also keep in mind that there is no applicable fee for cash withdrawal. 

Dining Benefits 

Axis Magnus credit cardholders can get up to a 30% discount at over 4,000 restaurants located in India.

If you’re in search of more credit card options, consider the Stable Money platform for an FD-backed credit card. 

FD-backed credit cards extend a secure and flexible method of payment. They allow you to build your credit while leveraging your fixed deposits as collateral. So, explore now!

Eligibility Criteria for the Axis Bank Magnus Credit Card 

Resident individuals must meet the following eligibility criteria to apply for an Axis Bank Magnus credit card:

• Age Limit: 18 to 70 years 
• Occupation: Salaried/Self-employed
• Minimum Income Required to Apply: ₹24 LPA

How to Apply for the Axis Bank Magnus Credit Card? 

Here are the steps you can follow in order to apply for the Axis Bank Magnus Credit Card:

1. Go to the Axis Bank's official website.
2. Scroll down and choose the "Credit Card” option. 
3. Upon being directed to a fresh page, you must select your desired card.
4. Another new page shall pop up where you’ll have to click on 'Apply Now.'
5. Specify by selecting whether or not you are an existing customer of Axis Bank. Select 'yes' if you are a customer; if not, press 'no'. 
6. Fill in the prompts with your name, state, city in which you reside, phone number, professional details as well as monthly income.
7. Proceed by entering a code and ticking the box which lets the lender connect with you regarding your credit card application. Select 'Call Me.'

To guide you through the application process, a bank representative will get in touch. You may otherwise choose to fetch and present the essential documents to your nearest Axis Bank branch. A representative of the bank shall then assist you with the application process.

Final Word

The Axis Bank Magnus Credit Card extends a multitude of rewards for its holders. Attractive benefits like high reward points on dining, entertainment, travel and more, make it the ideal choice. With unlimited premium features and a flexible rewards structure, this card shall enhance your lifestyle and simplify your finances. 

Looking for more credit card options that are tailored to your needs? Explore the Stable Money app for offers on FD-backed credit cards associated with a whirlwind of benefits like flexible spending limits, rewards on everyday purchases, etc.!