Axis Bank Magnus Credit Card
Axis Bank · Visa
Why this card?
- 6% back in reward points on travel at Traveledge; 1.2% on other spends
- ₹12,500 joining and annual fee; renewal fee waived on ₹25 lakh yearly spend
- Unlimited domestic and international airport lounge access
- 1% fuel surcharge waiver
Card details
- Issuer
- Axis Bank
- Network
- Visa
- Annual Fee
- ₹12,500
- Joining Fee
- ₹12,500
- Reward Type
- points
- Best Reward Rate
- 6% on travel at traveledge
- Forex Markup
- 2%
- Domestic Lounge
- Unlimited
- Min. Monthly Income
- ₹2,00,000
- Rates verified
- 2026-10-06
Our verdict
Axis Magnus is a premium travel card built around EDGE points: 12 points per ₹200 up to ₹1.5 lakh of monthly spend and 35 per ₹200 above that, plus lounge access that is unlimited in principle but conditional on recent spend. The ₹12,500 fee is waived at ₹25 lakh of spend in the preceding year, so it suits heavy spenders who actively transfer points to travel partners. Axis revises Magnus rewards and lounge terms often, so confirm the current version on axis.bank.in before applying.
Pros
- 12 EDGE points per ₹200, rising to 35 per ₹200 on monthly spend above ₹1.5 lakh
- Unlimited international lounge visits via Priority Pass, with 4 guest visits a year
- 2 partner miles per 5 EDGE points across 20 travel partners
- 2% foreign-currency markup
Cons
- ₹12,500 annual fee; waiver needs ₹25 lakh of annual spend
- Domestic lounge access needs ₹50,000 spend in the previous 3 months
- Point value depends on how you redeem; Axis publishes no fixed rupee value for partner miles
- Terms change often — recent notices altered lounge and charges
Frequently Asked Questions
What is the annual fee of the Axis Magnus credit card?
The annual fee is ₹12,500 plus taxes, waived if you spend ₹25 lakh in the preceding year, per Axis Bank.
How many reward points does Axis Magnus give?
12 EDGE reward points for every ₹200 on cumulative monthly spends up to ₹1.5 lakh, and 35 EDGE reward points for every ₹200 on incremental monthly spends above ₹1.5 lakh.
Does Axis Magnus have unlimited lounge access?
Axis lists unlimited international lounge visits through Priority Pass with 4 guest visits a year, and unlimited domestic lounge visits that depend on ₹50,000 of spend in the previous 3 months. Conditions have changed more than once, so check the latest lounge programme document.
How do I transfer Axis Magnus points to airlines?
On the standard Magnus, 5 EDGE points convert to 2 partner miles across 20 travel partners, with a limit of 5 lakh points a year (1 lakh to Group A partners and the rest to Group B). Check Axis Bank for the transfer ratio on other Magnus variants.
What is the forex markup on Axis Magnus?
Axis lists a 2% markup on foreign-currency transactions, and 2% plus taxes for dynamic currency conversion.