Axis Bank MAGNUS Credit Card

Axis Bank · Open to apply

Axis's super-premium travel and lifestyle card: 12 EDGE Reward points per ₹200 (35 per ₹200 above ₹1.5 lakh a month), 5X on Travel EDGE, a ₹12,500 welcome voucher, unlimited Priority Pass international lounges and transfers to 27 airline and hotel programmes, mostly at 5 points to 2 partner miles. Cash advances are free and interest is 3% a month.

Annual fee
₹12,500 + GST a year
Joining fee
₹12,500 + GST
Fee waiver
Annual fee waived on ₹25,00,000 spend per card year
Base rate
12 points per ₹200 up to ₹1.5 lakh a month, then 35 per ₹200: 12 EDGE Reward points per ₹200 up to ₹1,50,000; 35 EDGE Reward points per ₹200 above ₹1,50,000 (about 1.2% at cash value)
Lounges
International: unlimited visits a calendar year; Domestic: unlimited visits a calendar year after ₹50,000 spend
Forex markup
2%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • 5X EDGE Reward points (60 per ₹200) on flights and hotels booked through Travel EDGE: 60 EDGE Reward points per ₹200 (about 6% at cash value)

Earns nothing on

  • No points on wallet, cash advances, EMI conversions and gift cards
  • No points on government institutions and utilities (telecom included)
  • No points on insurance, gold and jewellery, and fuel
  • No points on bridge, road and toll fees

Where the sources disagree

  • Cap period of the fuel surcharge waiver: The product page says the waiver is capped at ₹400 per month; the KFS and MITC say ₹400 per statement cycle. The KFS and MITC are used.
  • Late fee boundary at ₹50,000: The 2026-08-28 notice's prose says "INR 50,000 and above", but its own table, the KFS and the MITC put exactly ₹50,000 in the ₹1,200 slab and ₹1,300 at "greater than INR 50,000". The table is used.

Terms the calculator does not value

  • The 35-points-per-₹200 band stops at spends equal to the assigned credit limit plus ₹1.5 lakh a month, then falls back to 12. The calculator applies the 35 band to all spend above ₹1.5 lakh.
  • Rent up to ₹50,000 a month counts towards the ₹1.5 lakh threshold and, above it, earns the 35-point band (Burgundy FAQ worked example). The calculator gives rent a flat 12 per ₹200 and leaves it out of the threshold, which understates heavy spenders who pay rent on the card.
  • Annual transfer caps are not applied by the calculator: Group A partners (Accor, KrisFlyer, Turkish and the rest) take at most 1,00,000 points a calendar year together and Group B at most 4,00,000. On "best" redemption every point is valued at the best Group A option (KrisFlyer, Aeroplan or Turkish at 5 to 2, about ₹0.40 a point), so a profile earning well over 1,00,000 points a year (about ₹1.4 lakh a month of spend) is overstated; points beyond the Group A cap are worth the best Group B option (Miles & More, about ₹0.32 a point).
  • Redemption values: the ₹0.20 a point used for vouchers and the catalogue comes from the MITC's negative balance example, not from a Magnus redemption page. Travel EDGE and other redemption routes and their rates were not found.
  • Transfer partners and ratios follow Axis's Travel EDGE terms (fetched 2026-10-20), which Axis can change without notice: 5 points to 2 partner points for most of the 27 programmes and 5 to 1 for Accor, British Airways, Cathay, Finnair, IndiGo BluChip, Qatar and Vietnam Airlines. Marriott Bonvoy and Club ITC (in the 2024 notice's list) are no longer offered. IndiGo BluChip's undated introductory ratio (5 to 2) is not entered. The ₹ value of a transfer is our estimate per programme, not an Axis figure.
  • Grab Deals and Gyftr purchases earn "up to 5X" EDGE Reward points on up to ₹2 lakh a month, and Travel EDGE spends up to ₹2 lakh a month do not count towards the ₹1.5 lakh threshold for the 35-point band (Axis's Magnus for Burgundy FAQ). The Grab Deals brands and multipliers are not published in the sources found, and gift card purchases earn nothing (the 2026-08-28 notice confirms they stay excluded), so no Grab Deals rule is entered.
  • Complimentary memberships linked to the card renew only with explicit consent from 2026-11-15; the memberships themselves are not listed in the sources found.
  • The ₹12,500 welcome voucher has no stated trigger or validity on the page. The calculator counts it as face value in the first year only.

Sources

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