The Axis Magnus Credit Card is built for people who spend a lot and travel often. Its two big draws are unlimited lounge access in India and abroad and a reward rate that jumps from 12 to 35 EDGE points per ₹200 once your monthly spends cross ₹1.5 lakh. The ₹12,500 fee is steep, but the welcome voucher gives you the same amount back in year one.
How the rewards work
| Spend | Earn rate |
|---|---|
| Monthly spends up to ₹1.5 lakh | 12 EDGE points per ₹200 |
| Incremental spends above ₹1.5 lakh in a month | 35 EDGE points per ₹200 |
| Spends via Travel Edge | 5X reward points |
Good to know: the scraped details do not state the rupee value of a Magnus EDGE point, so check the current redemption value on Axis Bank’s site before you compare it with other cards.
How the points add up
Spend ₹2 lakh in a month and you earn 9,000 points on the first ₹1.5 lakh (12 × 750) plus 8,750 points on the next ₹50,000 (35 × 250), or 17,750 points. On ₹1 lakh, you earn 6,000. The card rewards the rupee spent above ₹1.5 lakh almost three times as well as the rupee below it, so it suits people who can route most of their spending to one card.
Travel and lifestyle benefits
- Lounges: unlimited global lounge visits with Priority Pass, including 4 guest visits a year, plus unlimited domestic lounge access.
- Welcome voucher: ₹12,500 from Luxe Gift Cards, The Postcard Hotels or Yatra on activation (choose one).
- Hotels: up to 15% off international and domestic stays at Oberoi and Trident hotels.
- Fuel: 1% surcharge waiver on ₹400–₹4,000 transactions, capped at ₹400 a month.
Fees and charges
| Joining fee | ₹12,500 + GST |
|---|---|
| Annual fee | ₹12,500 + GST |
| Annual fee waiver | ₹25 lakh of eligible spends in the previous year |
Eligibility
| Age | 21 to 65 years |
|---|---|
| Employment | Salaried or self-employed |
| Income (salaried) | ₹1,50,000 a month |
| Income (self-employed) | ITR above ₹18 lakh a year |
| Credit score | 736 or above |
| First credit card? | Not allowed |
Documents you will need
- Identity: PAN card (or Form 60)
- Address: Aadhaar, passport or a recent utility bill
- Income: latest salary slips or bank statements
- Photo: a recent passport-sized photograph
How to apply
- Tap Apply on Axis Bank site on this page to open Axis Bank’s credit card application.
- Fill in the form in one session, using the mobile number linked to your Aadhaar.
- If your home and office are 150 km or more apart, choose your residence as the mailing address.
- Complete video KYC when asked, from within about 50 km of your Aadhaar or communication address.
- Once the card arrives, activate it with a first purchase of ₹100 or more within 30 days.
Who should get it, and who shouldn’t
Get it if you regularly spend ₹1.5 lakh or more a month on cards, travel internationally a few times a year and want lounge access without counting visits.
Skip it if your monthly card spend is under about ₹1 lakh. After the first year you would pay ₹12,500 + GST for benefits you cannot fully use, and a mid-range travel card will serve you better. The same applies if most of your travel is domestic and infrequent.
