The Axis Bank Magnus Credit Card is a premium credit card that offers luxury benefits, high reward points, and exclusive privileges. It is best suited for high-income individuals who enjoy travel, dining, and lifestyle perks. This card provides excellent value with features like unlimited domestic and international airport lounge access, complimentary hotel stays, and cashback on luxury spending.
If you are considering this credit card, here is everything you need to know, including its benefits, eligibility, fees, and how to apply.
Features and Benefits of Axis Bank Magnus Credit Card
The Axis Bank Magnus Credit Card comes with multiple benefits across different categories, making it one of the top choices for premium users. Here are some key benefits:
Welcome Benefits
- Get a complimentary domestic or international flight ticket worth ₹10,000 upon spending ₹1.5 lakh in the first month.
- Enjoy a luxury hotel stay from the Oberoi Group, which adds more value to your card.
Reward Points Program
- Earn 12 EDGE Reward Points for every ₹200 spent.
- Get 2X reward points on travel bookings made through the Axis Bank Travel EDGE portal.
- Redeem points for flights, hotel stays, shopping vouchers, and more.
Airport Lounge Access
- Enjoy unlimited domestic and international lounge access at over 1,300 lounges worldwide.
- Access premium airport services, including priority check-in and complimentary airport transfers.
Dining Privileges
- Get up to 25% off on dining bills at partner restaurants.
- Access to EazyDiner Prime membership with exclusive dining discounts.
Travel and Luxury Benefits
- Complimentary domestic airport concierge services for a smooth travel experience.
- Discounts and priority services at premium hotels and resorts worldwide.
Fuel Surcharge Waiver
- 1% fuel surcharge waiver at all fuel stations in India for transactions between ₹400 and ₹4,000.
Insurance and Security
- Personal air accident cover of ₹2 crore.
- Purchase protection and lost card liability cover for added security.
Fees and Charges of Axis Bank Magnus Credit Card
Before applying for the Axis Bank Magnus Credit Card, it is important to understand the associated fees and charges:
- Joining Fee: ₹10,000 + GST
- Annual Fee: ₹10,000 + GST (Waived off on annual spending of ₹15 lakh)
- Foreign Exchange Markup: 2% of the transaction value
- Cash Withdrawal Fee: 2.5% of the withdrawn amount (Minimum ₹500)
- Late Payment Fee: ₹300 to ₹1,200 based on the outstanding amount
Eligibility Criteria for Axis Bank Magnus Credit Card
To apply for the Axis Bank Magnus Credit Card, you must meet the following eligibility requirements:
- Age: 21 to 70 years
- Income Requirement: ₹18 lakh or more annually
- Occupation: Available for both salaried and self-employed individuals
- Credit Score: A good credit score (above 750) is recommended for approval
How to Apply for Axis Bank Magnus Credit Card
If you meet the eligibility criteria, you can apply for the Axis Bank Magnus Credit Card through the following steps:
- Visit the Axis Bank Website – Go to the official Axis Bank credit card page.
- Select the Magnus Card – Click on the application link for the Axis Bank Magnus Credit Card.
- Fill Out the Application Form – Provide personal, professional, and financial details as required.
- Submit Documents – Upload necessary documents such as PAN card, Aadhaar card, income proof, and address proof.
- Verification Process – The bank will review your application and may call you for additional details.
- Approval and Card Dispatch – If approved, the card will be dispatched to your registered address within 7-10 business days.
Who Should Get the Axis Bank Magnus Credit Card?
The Axis Bank Magnus Credit Card is ideal for individuals who:
- Travel frequently and require unlimited airport lounge access.
- Enjoy luxury dining and hotel stays with exclusive privileges.
- Spend a significant amount annually and can benefit from the annual fee waiver.
- Want high reward points on every purchase for better redemption options?
Is Axis Bank Magnus Credit Card Worth It?
If you frequently travel, dine out, and make luxury purchases, the Axis Bank Magnus Credit Card is a great option. The card’s high rewards, welcome benefits, and premium privileges make it worth considering, especially if you can meet the spending requirements for an annual fee waiver. However, if you do not spend much on travel or premium services, you may want to explore other credit card options with lower fees.
Also Read:- How to Use Credit Cards for Effective Money Management
Conclusion
The Axis Bank Magnus Credit Card is a premium credit card that provides top-tier benefits across travel, dining, and lifestyle. With unlimited lounge access, luxury hotel stays, and a rewarding points system, this card is an excellent choice for high-income individuals. However, the high annual fee means it is best suited for those who can maximize its benefits. If you meet the eligibility criteria and can take advantage of the perks, this card can be a valuable addition to your wallet.