Axis Bank
Axis Bank Magnus Credit Card
Data last verified: 11 October 2026
- Joining fee₹12,500 + GST
- Annual fee₹12,500 + GST
- Reward rate2.4% on most spends
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining fee₹12,500 + GST
- Annual fee₹12,500 + GST
- Fee waiverOn ₹25 lakh spend a year
- Forex markup2%
- Interest (APR)3% a month, 36% a year
Magnus is Axis Bank's premium Mastercard. Every Rs 200 you spend earns 12 EDGE Reward Points, which works out to about 2.4% when a point is worth Rs 0.40. Spend more than Rs 1.5 lakh in a month and everything above that earns 35 points per Rs 200; flights and hotels booked through Axis Travel EDGE earn 60.
It comes with unlimited domestic and international airport lounge visits and a 2% markup on foreign spends, lower than most cards.
The fee is ₹12,500 a year, waived if you spend ₹25 lakh in the year. That makes it a card for people who spend heavily every month and travel; at lower spends the fee outweighs the rewards.
Best for: High spenders above Rs 1.5 lakh a month, Frequent travellers who use lounges, People who book travel through Axis Travel EDGE.
01Axis Bank Magnus Credit Card Rewards and Benefits
02Axis Bank Magnus Credit Card Annual Fee and Charges
- Joining fee
- ₹12,500 + GST
- Annual fee
- ₹12,500 + GST
- Spend-based waiver
- Annual fee waived on ₹25 lakh spend in a year (rent and wallet loads not counted)
- Rewards redemption fee
- Nil
- Forex markup
- 2%
- Interest rate
- 3% a month (36% a year)
- Fuel surcharge waiver
- Yes
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹20,000 on everything else, earning 2.4%₹480
- Back each month, ₹5,760 a year₹480
- Annual fee with 18% GST−₹14,750
- It costs you each year₹8,990
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- Spending ₹2,08,333 or more a month: the ₹14,750 fee is waived
- Frequent flyers: unlimited airport lounge visits
- Spending abroad: 2% markup, most cards add 3.5%
Skip it if…
- you spend less than ₹2,08,333 a month (₹25,00,000 a year, rent and wallet loads not counted): the ₹14,750 fee is then charged
- most of your spending is fuel, utility bills, insurance or wallet top-ups: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you spend a lot on travel: the card's terms do not state a rate there, so we count nothing
- you sometimes pay only the minimum due: interest of 3% a month (36% a year) outweighs any reward
04Product Details
- 12 EDGE points per ₹200 (about 2.4%)
- 35 points per ₹200 above ₹1.5 lakh a month
- 60 points per ₹200 on Axis Travel EDGE
- Unlimited domestic and international lounge visits
- 2% forex markup
05Pros and Cons
Pros
- High reward rate that rises with spend
- Unlimited lounge access in India and abroad
- Lower forex markup than most cards
Cons
- High annual fee unless you spend ₹25 lakh a year
- Best value only at very high monthly spend
- Needs an income of about ₹2 lakh a month
06How Axis Bank Magnus Credit Card earns Rewards
2.4% on most spends.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI |
| Online shopping | 2.4% | No cap | The card's normal rate |
| Dining and food delivery | 2.4% | No cap | The card's normal rate |
| Groceries | 2.4% | No cap | The card's normal rate |
| Travel: flights, hotels, trains | Not stated | - | the card's terms give it a rate of its own we cannot read as a number |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | Earns nothing | - | earns nothing on this card |
| Rent | 2.4% | No cap | The card's normal rate |
| Insurance premiums | Earns nothing | - | earns nothing on this card |
| School and college fees | 2.4% | No cap | The card's normal rate |
| Wallet top-ups | Earns nothing | - | earns nothing on this card |
| Taxes and government payments | Earns nothing | - | earns nothing on this card |
| Spend abroad or in a foreign currency | 2.4% | No cap | The card's normal rate |
| Everything else | 2.4% | No cap | The card's normal rate |
Terms on the base rate. 12 EDGE Reward Points per ₹200 on all spends (~2.4% at ₹0.40/pt). Above ₹1.5 lakh a month spend earns 35/₹200 across ALL categories, up to your credit limit + ₹1.5 lakh a month, then back to 12, a spend tier, not a merchant rate. The Axis Travel EDGE portal earns 60/₹200. Both accelerators, not baseline.
Point value. 1 point is worth about ₹0.4 at the bank's stated value.
07Axis Bank Magnus Credit Card Lounge Access and Travel
Domestic lounge access is unlimited, international is unlimited, through Priority Pass with Priority Pass. Guests get 4 visits a year. Spend Rs 50,000 in the previous quarter for domestic lounge access. Spending abroad carries a 2% forex markup; rewards on it: 2.4% back (the normal rate). See what it costs on your trip
Also on the card. fuel surcharge waiver, airport lounge access.
- Fuel surcharge waiver: 1% fuel-surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹400 per statement cycle, note that fuel itself earns no EDGE Reward Points on this card
- Airport lounge access: Unlimited domestic and international visits, plus 4 guest visits a year (cut from 8, 20 Apr 2024). Domestic needs ₹50,000 eligible spend in the previous 3 calendar months (from 1 May 2024). From 28 Aug 2026 Priority Pass no longer opens Indian domestic lounges, show card and boarding pass.
08Axis Bank Magnus Credit Card Eligibility and Documents
- Age
- 18 to 70 years
- Employment
- Salaried or self-employed
- Minimum monthly income
- ₹2,00,000
Documents. PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph
09Recent Changes
What Axis Bank changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 15 Nov 2026 | Reduced: Complimentary memberships renew only if you opt inSource: Axis Bank | Memberships renewed automatically each year | Renewed only with the cardholder's explicit consent |
| 22 Sept 2026 | Changed: Accor ALL returns as a transfer partner, in Group ASource: Axis Bank | Accor ALL unavailable since 2 April 2026 | Accor ALL back, in Group A |
| 22 Sept 2026 | Changed: Cathay Asia Miles, Lufthansa Miles & More and Hilton Honors addedSource: Axis Bank | None of the three available | Asia Miles in Group A; Miles & More and Hilton Honors in Group B |
| 22 Sept 2026 | Reduced: Club ITC removed as a transfer partnerSource: Axis Bank | Club ITC available | Club ITC removed |
| 22 Sept 2026 | Reduced: Flying Blue, Air India and Qantas moved into the smaller Group A transfer capSource: Axis Bank | Group B (the larger annual transfer allowance) | Group A (a quarter of the Group B allowance); ratios unchanged |
See this card's change history → · All card changes in November 2026 →
10Cards Similar to Axis Bank Magnus Credit Card
Axis Bank Magnus Credit Card is a rewards card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | Axis Bank Magnus Credit Card |  Federal Scapia Credit card |  SBI BPCL Credit Card |
|---|---|---|---|
| Joining fee | ₹12,500 + GST | Lifetime free | ₹499 + GST |
| Annual fee | ₹12,500 + GST | Lifetime free | ₹499 + GST |
| Rewards | 2.4% on most spends | 2% on most spends; 4% only at partner merchants | 0.25% base, up to 1.25% on dining; 3.25% only at partner merchants |
| Domestic lounge | Unlimited | Unlimited | Not included |
| Forex markup | 2% | 0% | 3.5% |
| Type | Rewards | Travel | Fuel |
11Explore More
Card facts last verified 11 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Never Miss Your Axis Bank Magnus Credit Card Bill
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Common Questions
What is the Axis Magnus annual fee?
₹12,500, waived when you spend ₹25 lakh in a year.
How many reward points does Magnus earn?
12 EDGE Reward Points per ₹200, 35 per ₹200 on spends above ₹1.5 lakh in a month, and 60 per ₹200 on Axis Travel EDGE.
Does Axis Magnus give lounge access?
Yes: unlimited domestic and international airport lounge visits.
What is the joining fee for the Axis Bank Magnus Credit Card?
The joining fee is ₹12,500 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the Axis Bank Magnus Credit Card?
The annual fee is ₹12,500 + GST.
Does the Axis Bank Magnus Credit Card give airport lounge access?
Yes. Domestic lounge access is unlimited, international is unlimited, through Priority Pass with Priority Pass. Check the bank's page for the current rules, because lounge programmes change.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with Axis Bank. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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