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Last updated: 29 October 2026
Free to apply via CardsGuruji · subject to issuer approval
What you earn on every spend, and the ways you can cash it in.
You earn
12 Points per ₹200
Earn 12 EDGE Reward Points per ₹200 up to ₹1.5 Lakh monthly spend. Earn 35 EDGE Reward Points per ₹200 on incremental monthly spends above ₹1.5 Lakh. Earn up to 60 EDGE Reward Points per ₹200 on travel bookings via Travel EDGE.
Redeem for
The privileges that come bundled in, beyond the reward points.
International Lounge Access: Unlimited complimentary visits for the primary cardholder plus 4 guest visits per year via Priority Pass
Domestic Lounge Access: Unlimited visits (requires a minimum spend of ₹50,000 in the previous 3 months)
Airport Concierge: 8 complimentary end-to-end airport meet & greet VIP services per year
Dining Benefits: Up to 30% discount at over 4,000 partner restaurants across India
Annual Fee Waiver: The ₹12,500 renewal fee is waived upon achieving ₹25 Lakh in eligible spends in the preceding card year
An honest read on where this card earns its keep — and where it doesn't.
Welcome voucher completely offsets the hefty ₹12,500 joining fee
Unlimited domestic and international lounge access with 4 guest visits included
Exceptional reward multipliers for monthly high spenders (above ₹1.5 Lakh)
Low foreign currency markup fee of just 2%
Zero cash withdrawal fee
High annual fee of ₹12,500 if the massive ₹25 Lakh waiver target is not met
Domestic lounge access now requires a strict ₹50,000 spend hurdle in the prior quarter
Base reward rate is relatively low for those who spend less than ₹1.5 Lakh a month
Annual transfer caps imposed on transferring points to airmiles and hotel partners
Everything the issuer can bill you for, in one place.
Applied only when the situation arises
Charged on any balance you carry forward
Fee waiver: most issuers waive the renewal fee once your yearly spends cross a set threshold. Confirm the exact criteria with Axis Bank before you apply.
Issuer-stated requirements and CardsGuruji guidance are shown separately.
Note: A displayed score is editorial guidance only unless separately identified as an issuer-stated requirement.
See how Axis Bank Magnus stacks up against competing cards on reward rates, annual charges, and milestone perks.
Use our customizable comparison tool to benchmark fees, lounge access, and rewards.
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Everything you need to know about Axis Bank Magnus fees, reward conversion, lounge access, and application eligibility.
Axis Bank Magnus has an annual fee of ₹12,500 plus 18% GST. Most cardholders can get subsequent annual renewal fees waived by reaching the bank's annual milestone spend threshold. Additionally, the initial fee is often offset by welcome privileges like "Welcome voucher worth ₹12,500 on your first transaction within 30 days. Choose from a Luxe Gift Card, The Postcard Hotels voucher, or a Yatra voucher.".
Axis Bank Magnus earns Edge Points at a primary rate of 12 Points per ₹200. Specifically, Earn 12 EDGE Reward Points per ₹200 up to ₹1.5 Lakh monthly spend. Earn 35 EDGE Reward Points per ₹200 on incremental monthly spends above ₹1.5 Lakh. Earn up to 60 EDGE Reward Points per ₹200 on travel bookings via Travel EDGE.. Spends in Premium, Travel, Rewards, Lifestyle categories provide the maximum valueback per transaction on this card.
Rewards earned on Axis Bank Magnus can be redeemed for Partner Airlines & Hotels (5:2 transfer ratio), EDGE Rewards Catalog (1 Point = ₹0.20) via Axis Bank's official rewards portal or mobile banking app. Points earned remain valid for 36 months from the transaction date before expiring.
Yes, Axis Bank Magnus features complimentary airport lounge privileges. Privileges include: "International Lounge Access: Unlimited complimentary visits for the primary cardholder plus 4 guest visits per year via Priority Pass". Note that banks frequently require a minimum spend (typically ₹35,000 to ₹50,000) in the previous calendar quarter to unlock complimentary lounge access.
A CIBIL credit score of 780 or above is strongly recommended for approval of Axis Bank Magnus. Applicants should be Indian residents aged 21 to 65 years with a stable monthly income (salaried or self-employed with ITR) and no recent payment defaults or high credit utilization over 30%.
Axis Bank Magnus is issued on the Mastercard network with worldwide acceptance at over 30 million merchant establishments and online portals. International transactions, contactless tap-to-pay (up to ₹5,000 without PIN), and tokenized payments are supported once enabled in your banking app.
Axis Bank Magnus levies a forex markup fee of 2% of the transaction amount on transactions processed in foreign currencies. For cross-border shopping and overseas travel, remember that standard 18% GST applies on the markup charge.
Axis Bank Magnus currently features a welcome offer: "Welcome voucher worth ₹12,500 on your first transaction within 30 days. Choose from a Luxe Gift Card, The Postcard Hotels voucher, or a Yatra voucher.". To claim this joining perk, cardholders typically need to activate the card and complete a qualifying initial transaction within 30 to 60 days of card issuance.
Key highlights include Welcome voucher completely offsets the hefty ₹12 and 500 joining fee. However, keep in mind that High annual fee of ₹12 and 500 if the massive ₹25 Lakh waiver target is not met. Overall, Axis Bank Magnus delivers strong value if your regular spending aligns with Premium, Travel, Rewards, Lifestyle.
You can apply for Axis Bank Magnus directly through Axis Bank's official website or digital portal. Essential documents include your PAN card, Aadhaar card for video KYC, proof of address, and recent income documentation (3 months' salary slips or latest ITR with computation). Decisions are typically communicated within 2 to 4 working days.
