INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official axisbank.com (Axis Bank Ltd.) Most Important Terms and Conditions (MITC).

🏛️Axis Bank Ltd.Network: Visa Infinite / Mastercard World EliteTravel & Aviation CardsLast Verified: 2026-09-28

Axis Magnus Credit Card

एक्सिस मैग्नस क्रेडिट कार्ड

Super-premium lifestyle card offering unlimited global lounge visits with guests, 8 airport meet-and-greet passes, and 2.0% forex markup.

Annual Fee₹12,500 + GST (Renewal: ₹12,500 + GST)

Reward Rate12 EDGE Reward Points per ₹200 spent on regular retail transactions. 35 EDGE Reward Points per ₹200 spent on airline and hotel bookings via Axis Travel EDGE portal (effective 5X reward rate).

Airport LoungeUnlimited complimentary domestic airport lounge access for primary cardholders + 8 complimentary guest visits per calendar year. Unlimited complimentary international airport lounge access worldwide via Priority Pass with 8 complimentary guest visits per year.

Forex MarkupLow 2.00% + GST markup on foreign currency transactions.

What Is This Card

Axis Magnus is Axis Bank's premier super-premium lifestyle and aviation credit card. Engineered for high-net-worth travelers and corporate leaders, it features unlimited domestic and international airport lounge access with guest visits, 8 airport meet-and-greet passes, 35 EDGE points per ₹200 on Travel EDGE, and a 2.0% forex markup.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹12,500 + GST (Renewal: ₹12,500 + GST)

Fee Waiver: Spend ₹25,00,000 or more in each preceding anniversary year to get the annual renewal fee of ₹12,500 waived.

🎁Welcome Benefit

Complimentary domestic flight ticket voucher worth up to ₹10,000 (or luxury hotel stay voucher) credited upon payment of joining fee and first card swipe.

⚡Reward Points Structure

12 EDGE Reward Points per ₹200 spent on regular retail transactions. 35 EDGE Reward Points per ₹200 spent on airline and hotel bookings via Axis Travel EDGE portal (effective 5X reward rate).

Redemption Value: 1 EDGE Reward Point = ₹0.20 on catalog or 5:2 air miles transfer ratio to major airline partners (Singapore Airlines KrisFlyer, Qatar Airways Privilege Club, Turkish Miles&Smiles, Air France Flying Blue, Accor Live Limitless).

🛫Airport & Railway Lounge Access

Unlimited complimentary domestic airport lounge access for primary cardholders + 8 complimentary guest visits per calendar year. Unlimited complimentary international airport lounge access worldwide via Priority Pass with 8 complimentary guest visits per year.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Accidental air death cover of ₹4.5 Crores. Emergency overseas medical treatment cover up to $50,000. Lost card liability cover up to credit limit.

Fuel Surcharge: 1% fuel surcharge waiver across all fuel stations in India on transaction amounts between ₹400 and ₹4,000 (maximum waiver of ₹400 per statement cycle).

🎯Milestone Spends & Grace Period

Milestones: Complimentary airport concierge meet-and-greet services (up to 8 times a year at major airports). Unlimited golf games and lessons (up to 4 per month). Buy 1 Get 1 free movie ticket discount on BookMyShow up to ₹500 (up to 5 times a month).

Interest-Free Period: Up to 50 days of interest-free credit from transaction date.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Annual fee waiver threshold is very steep at ₹25 Lakhs. Transfer ratio to air miles was revised to 5:2 (down from legacy 5:4 ratio). Monthly 25,000 bonus milestone points were discontinued in recent revisions. High ₹12,500 annual fee.

Forex Markup FeeLow 2.00% + GST markup on foreign currency transactions.

Cash Advance Fee2.5% of withdrawn amount or ₹500 (whichever is higher) + 3.00% monthly finance charges.

Finance Charges (Interest)3.00% per month (36.00% per annum) on revolving balances.

Late Payment SlabsNil for outstanding up to ₹500; ₹500 for ₹501–₹5,000; ₹750 for ₹5,001–₹10,000; ₹1,200 for outstanding above ₹10,000 (+ GST).

Reward Points ExpiryEDGE Reward Points expire 3 years (36 months) from the date of accrual.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel transactions, wallet loads, rent payments, educational institutional fees, and government tax payments.

Eligibility Criteria

Salaried Indian individuals aged 18 to 70 with monthly salary exceeding ₹1,50,000. Self-employed individuals aged 18 to 70 with audited annual ITR exceeding ₹18,00,000.

Age Requirement18 to 70 Years

Minimum Income₹1,50,000/month (Salaried) / ₹18,00,000/year ITR (Self-Employed)

CIBIL Score NoteA pristine credit score of 760+ is standard. Axis Burgundy clients receive priority underwriting.

SBI RelationshipNot mandatory. Axis Burgundy wealth clients frequently receive discounted or tailored card terms.

How to Apply (Official Procedure)

Online Digital Application Flow

1Check card eligibility on axisbank.com/magnus or via Axis NetBanking.

2Enter PAN and mobile number for high-tier algorithmic underwriting.

3Submit salary slips or audited ITR showing annual income > ₹18 Lakhs.

4Underwriting desk validates corporate designation and TRV.

5Complete online Video KYC session with bank official.

6Handcrafted presentation box with metal card dispatched via secure courier within 3 business days.

Branch Application for Offline Applicants

Apply at any Axis Bank branch through a Burgundy Relationship Manager with PAN, Aadhaar, salary slips, and Form 16.

Visit Official Card Page (axisbank.com)Download Official MITC (PDF)

Documents Required

1. PAN Card (statutory requirement)

2. Proof of Identity & Residence: Aadhaar Card or Passport

3. Proof of Income: Last 3 months' salary slips with Form 16 OR Last 2 years' audited ITR with computation (ITR > ₹18 Lakhs)

4. Passport-size photograph.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on Axis Magnus Credit Card?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil for outstanding up to ₹500; ₹500 for ₹501–₹5,000; ₹750 for ₹5,001–₹10,000; ₹1,200 for outstanding above ₹10,000 (+ GST).. In addition, revolving finance charges at 3.00% per month (36.00% per annum) on revolving balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on Axis Magnus Credit Card into EMI?

Yes, Axis Bank Ltd. provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on Axis Magnus Credit Card?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into Axis Bank Ltd.'s official mobile banking application or web portal. 1 EDGE Reward Point = ₹0.20 on catalog or 5:2 air miles transfer ratio to major airline partners (Singapore Airlines KrisFlyer, Qatar Airways Privilege Club, Turkish Miles&Smiles, Air France Flying Blue, Accor Live Limitless). Please note: EDGE Reward Points expire 3 years (36 months) from the date of accrual.

What is the interest-free grace period on Axis Magnus Credit Card and how does it work?

The interest-free period on Axis Magnus Credit Card is Up to 50 days of interest-free credit from transaction date.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (3.00% per month (36.00% per annum) on revolving balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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