Axis Bank
Axis Bank Magnus Credit Card (For Burgundy)
Annual Fee
₹35,400₹30,000 + GSTBase Reward
12% cashback
Foreign Markup
3.5% + GST
Welcome Benefits
Choose a gift voucher worth ₹12,500 from Luxe, Yatra, or Postcard Hotels
Product Highlights
- 12 Axis EDGE REWARDS Points for every ₹200 spent on retail purchases up to ₹1.5 Lakhs.
- Earn 35 RPs per ₹200 after exceeding the monthly spend of ₹1.5 Lakhs.
- Unlimited domestic airport lounge access every year.
- Discounted stays at Oberoi Hotels.
- 5% CashBack on online shopping
- Complimentary lounge access
Category Rewards
shopping
5% CashBack Online
5%
Fee Waiver
Annual Fee Waiver on Spends of ₹25 Lakh
Merchant-Specific Rewards
Amazon
5% CashBack
Flipkart
5% CashBack
Reward Calculator
Costs you ₹32,700/year
Break-even needs ~₹1,70,445/month at your reward mix.
₹13K
across all your buckets
13.5K
Axis EDGE Reward Points
₹2.7K
via catalogue · ₹0.2/pt
Effective rate
1.73%
Annual fee
₹35,400
Year 1 net
₹-32,700
Year 2+ net
₹-32,700
ongoing
Adjust your spend by reward bucket
2 bucketsSurcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Rent payment surcharge
1%Charged on every rent transaction via CRED / NoBroker / Magicbricks / etc.
Wallet load surcharge
1%Kicks in after ₹10,000 cumulative wallet loads/cycle (Paytm, PhonePe, Mobikwik)
Utility payment surcharge
1%Kicks in after ₹25,000 cumulative utility spends/cycle
Foreign exchange markup
2%Charged on every international (non-INR) transaction
Excluded from rewards
fuel, emi, wallet, cash advance, rent, jewelry, gold, insurance, education, government
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
Earn 12 Axis EDGE REWARDS Points for every ₹200 spent with the card, 5X EDGE REWARDS on travel spends via TRAVEL EDGE.
Redemption
1 CashPoint = ₹1 against statement
Benefits & Features
Domestic: 4 complimentary visits per quarter via DreamFolks (Spends of ₹50,000 or More in the Previous Quarter) International: Unlimited Complimentary International Airport Lounge Access (Available from year 2 onwards) Full lounge access description for primary and add-on cardholders.
Pros & Cons
Pros
- There are no cash withdrawal charges with this card.
- Unlimited international and domestic lounge access with the Magnus Credit Card.
- 1,000 CashPoints on card setup
- 4 complimentary lounge visits per quarter
Cons
- 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.
- Annual fee of ₹1,000
- Min ₹2L quarterly spend for lounge access
Additional Info
Max reward cap info not specified.
Excluded Categories
Partner Merchants
Ready to apply?
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Fees & Charges
Eligibility
Min Age
21 yrs
Salaried
₹0.3L+
Self-Emp
₹6.0L+
Networks
Fee Waiver
Annual Fee Waiver on Spends of ₹25 Lakh