Axis Bank Magnus Credit Card
AXIS · MASTERCARD★ 4.8/ 5
✓ Details last verified 1 Jan 2025
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Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹10,000 in vouchers, points or cashback on card activation
11.55% on Travel
35X EDGE Miles on travel aggregators
3.96% on Other
12X EDGE Miles on all spends
Airport Lounge Access
Unlimited domestic + 8 international lounge visits via Priority Pass
Annual Fee Waiver
Fee of ₹10,000/yr fully waived when you spend ₹15,00,000/year
Hotel Membership
Complimentary hotel loyalty membership
Milestone Bonus
~₹8,250 in bonus rewards on hitting annual spend milestones
✈️ TRAVEL BENEFITS
Lounge access, miles, forex rates and travel perks at a glance.
AIRPORT LOUNGE ACCESS
Unlimited visits
Domestic lounges
Priority Pass
International lounges
₹25,000
Estimated annual value
2%
Forex markup
11.6%
Travel reward rate
AIRLINE / TRAVEL PARTNERS
- Domestic + international airport lounge access (worth ~₹25,000/yr)
- Miles on: MakeMyTrip, Goibibo, IRCTC, Yatra
- 11.6% effective return on travel bookings
- Low forex markup: 2.0%
👑 PREMIUM LIFESTYLE BENEFITS
Concierge, golf, hotel membership and high-value perks for premium cardholders.
₹8,250
Milestone bonus value
- Complimentary hotel loyalty membership
- 25,000 bonus EDGE Miles on ₹15L annual spend
Meera flies IndiGo twice a month for work. She books on MakeMyTrip, earns 35 EDGE Miles per ₹200 spent there — effectively 11.5% back in miles transferable to 25+ airline programs. Her ₹1.5L/month total spend generates ₹89,000 in miles value annually. The Priority Pass covers her airport lounge across every terminal. Magnus is the only card in India where a domestic business traveller can genuinely hit ₹1L+ in annual reward value.
Who is this for?
This is your card if you book flights and hotels through MakeMyTrip, Goibibo, or IRCTC and spend ₹80,000+ per month total. The miles transfer to Air India, Singapore Airlines, and Marriott — so it rewards travellers who know how to redeem, not just collect.
At a glance
Full reward structure
What you earn on every rupee, per spend category. Rates assume 1 pt = ₹0.20 (up to ₹1.00 via best route). How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Travel | reward points | 11.55% | — |
| Other | reward points | 3.96% | — |
Travel: 35X EDGE Miles on travel aggregators · MakeMyTrip,Goibibo,IRCTC,Yatra
Other: 12X EDGE Miles on all spends
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying.
Perks & benefits
Estimated annual value beyond rewards.
Unlimited domestic + 8 international lounge visits via Priority Pass
Complimentary hotel loyalty membership
25,000 bonus EDGE Miles on ₹15L annual spend
Should you get it?
- Best for: Frequent business traveller booking via OTAs, Miles collector targeting business class redemptions, ₹1L+/month total spender, Axis Bank salaried or business account holder
- Premium tier — a solid all-rounder for steady monthly spend.
- Strongest value if you spend heavily on Travel (11.55% back).
- Frequent travellers benefit from the included airport lounge access.
Pros
- 35X EDGE Miles on MakeMyTrip/Goibibo travel bookings — effectively 11.5% back in miles transferable to Air India, Singapore Airlines, Marriott
- Complimentary Priority Pass with 8 international lounge visits per year
- 2% forex markup — strong for international travel spend
- EDGE Miles transfer to 25+ airline and hotel programs at industry-leading rates
Cons
- ₹10,000 annual fee requires ₹15L spend to waive — this is a card for big spenders
- Full value requires understanding miles transfer partners — not suitable if you want simple cashback
- Axis EDGE Miles have transfer minimums and some programme restrictions
Eligibility & documents
DOCUMENTS REQUIRED
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Latest 3 months bank statement
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Axis EDGE Travel Portal: Book flights and hotels via Axis travel portal using EDGE Miles. No blackout dates. (₹1.00/EDGE Mile)
- 🎁Airline Transfer Partners: Transfer to Air India, Singapore Airlines, or other EDGE partners. Value depends on specific redemption. (Variable — up to ₹2/mile for premium cabin)
- 🎁Cashback: Redeem EDGE Miles against card statement at lower value. (₹0.25–₹0.50/mile)
What your axis edge rewards are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Standard EDGE points
Flights & hotels
Atlas/Magnus/Reserve — transfer to partners
✈ TRANSFER PARTNERS
The concern
Axis has devalued Magnus repeatedly (transfer ratios, milestone removal) — long-term value depends on Axis resisting further cuts, which recent history does not support.
Bottomline
CardAdvisor Rating: 4.8 / 5Magnus survives its devaluations as the miles-earning machine for OTA-heavy travellers, and EDGE transfer partners remain best-in-class. But this card now demands both high spend and active miles knowledge — casual holders should look at Atlas instead.
SOURCES & VERIFICATION
Fees, reward rates, and benefits for the Axis Bank Magnus Credit Card are taken from AXIS's official Most Important Terms & Conditions (MITC) and fee schedule — see the issuer's official page. Last verified 1 Jan 2025. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
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