Welcome Benefits :- 

• Cardholders have the option to choose ₹12,500 worth of gift vouchers from popular brands such as Luxe, Postcard Hotels, or Yatra.

Rewards & Benefits :- 

Movie & Dining

20% Discount at 4,000+ Restaurants Across India Under the Axis Dining Delights Program

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Rewards Rate

12 Axis EDGE REWARDS Points for every Rs. 200 spent with the card, 5X EDGE REWARDS on travel spends via TRAVEL EDGE.

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Reward Redemption

Axis EDGE REWARDS Points can be redeemed on the EDGE REWARDS portal at a value of 1 Edge Reward = Re. 0.20 or Transfer to Partner Airlines/Hotels Rewards Program.

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Travel 

Complimentary Airport Lounge Access, and Discounted Stays at Oberoi Hotels

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Domestic Lounge Access

Unlimited Free Domestic Airport Lounge Access

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International Lounge Access

Unlimited complimentary international airport lounge access for primary cardholders and 8 complimentary visits for the guests every year with Priority Pass

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Fees & Charges :- 

Spend-Based Waiver

Annual fee waived off on an expenditure of Rs. 25 lakhs in the preceding year.

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Rewards Redemption Fee

Nil

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Foreign Currency Markup

2% + GST

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Interest Rates

3% per month (45% annually)

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Fuel Surcharge

1% fuel surcharge waived off at all fuel stations across India

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Cash Advance Charges

Higher of 2.5% of the amount withdrawn or Rs. 500.

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Product Details :- 

• ₹12,500 worth of gift vouchers from Luxe, Postcard Hotels, or Yatra as a welcome benefit

• 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

• Earn 60 Axis EDGE REWARDS Points for every ₹200 spent on the Travel Edge portal up to ₹2 Lakhs. Earn 35 RPs per ₹200 after exceeding the monthly spend of ₹2 Lakhs

• Unlimited domestic airport lounge access every year.

• Unlimited complimentary international lounge visits every year with Priority Pass.

• Discounted stays at Oberoi Hotels.

• 40% discount up to Rs 1,000 via Eazydiner at 4,000+ restaurants across India under the Axis Bank Dining Delights program.

• Credit Shield cover (against misuse of the card) worth ₹5 lakh and purchase protection worth ₹2 lakh with Axis Bank Magnus Card.

• Medical benefits include a medical concierge, a second medical opinion, preventive healthcare diagnostic programs, and global travel and medical assistance.

• Lower interest rate (2.5% pm) foreign currency markup (2%) and zero cash withdrawal fee.

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Pros/Cons :-

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Pros

• There are no cash withdrawal charges with this card.

• Unlimited international and domestic lounge access with the Magnus Credit Card.

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.

• Several benefits have now been removed from the Magnus Credit Card (as of May 2024) such as BOGO offers on movie bookings and concierge services.