Axis Bank MAGNUS for Burgundy Credit Card

Axis Bank · Invite only

The Burgundy-relationship version of Magnus: the same 12 / 35 EDGE Reward points per ₹200 earn and Priority Pass lounges, but a ₹30,000 fee waived at ₹30 lakh of spend, a ₹5,000 welcome voucher and a better transfer ratio of 5 points to 4 partner miles for most of 27 programmes, with higher annual transfer caps.

Annual fee
₹30,000 + GST a year
Joining fee
₹30,000 + GST
Fee waiver
Annual fee waived on ₹30,00,000 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 utilities and telecom, wallet, government, cash advances, EMI conversions and gift cards
  • 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 shared Magnus 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 card needs the Burgundy relationship and is replaced by a regular Magnus card (₹12,500 fee, 5-to-2 transfers) if the relationship is not kept. The calculator values the card as held with the relationship in place and does not value the relationship's own cost (balances or salary credits).
  • 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 (FAQ worked example). The calculator gives rent a flat 12 per ₹200 and leaves it out of the threshold.
  • Annual transfer caps are not applied by the calculator: Group A partners (Accor, KrisFlyer, Turkish and the rest) take at most 2,00,000 points a calendar year together and Group B at most 8,00,000. On "best" redemption every point is valued at the best Group A option (KrisFlyer, Aeroplan or Turkish at 5 to 4, about ₹0.80 a point), so a profile earning over 2,00,000 points a year is overstated; points beyond the Group A cap are worth the best Group B option (Miles & More, about ₹0.64 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.
  • The transfer ratio is "up to 4 partner miles for every 5 EDGE Reward points" on the page and 5-to-4 in the FAQ. Axis's Travel EDGE terms (fetched 2026-10-20) give 5 to 4 for most of the 27 partners and 5 to 2 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, and IndiGo BluChip's undated introductory ratio (5 to 4) is not entered. Axis can change these without notice. 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 (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.

Sources

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