M16S / Axis Bank / Axis Magnus for Burgundy Credit Card
super-premium · rewards, travel
Axis Magnus for Burgundy Credit Card
The Axis Magnus for Burgundy Credit Card costs Rs 30,000 a year, waived if you spend Rs 30,00,000 in a year. Its base return is 4.8%. Accelerated earn: Travel EDGE: 60 RP per Rs 200 up to Rs 2 lakh a month, then 35 per Rs 200. The forex markup is 2%. Lounge visits in India: Unlimited for primary and add-on cardholders; 4 guest visits per calendar year. Abroad: Unlimited via Priority Pass; 4 guest visits per card anniversary year. Read from the issuer's documents and an aggregator on 31 Oct 2026.
- Annual fee
- Rs 30,000+ GST
- Fee waived at
- Rs 30,00,000annual spend
- Base return
- 4.8%
- Forex markup
- 2%
- Interest
- 3%a month
What changed on this card
- Axis Priority Pass and hotel memberships need consent from 15 Nov 2026
From 15 November 2026, Axis Bank renews Priority Pass and hotel memberships on 9 premium cards only if the cardholder gives explicit consent.
- Axis Bank stops rewards on bridge fees, road fees and tolls, August 2026
From 28 Aug 2026 spends on bridge fees, road fees and tolls earn no rewards or cashback on these Axis Bank cards. Gift card purchases move to their own spend category and still earn nothing. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank ends Priority Pass use at Indian domestic lounges, August 2026
From 28 Aug 2026 the Priority Pass card is not valid for domestic airport lounges in India. Holders present the Axis card itself. Priority Pass stays valid at international lounges. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank sets a Rs 1,300 late fee on dues of Rs 50,000 and above, August 2026
From 28 Aug 2026 the late payment fee is INR 1,300 for outstanding balances of INR 50,000 and above. Below INR 50,000 the fee is unchanged. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank raises the Magnus foreign currency markup from 1.5% to 2%, August 2026
From 28 Aug 2026 the dynamic currency conversion markup on the MAGNUS and MAGNUS for BURGUNDY cards rises to 2% from 1.5%. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank can forfeit unredeemed EDGE points 30 days after card closure, Oct 2025
From 1 Oct 2025 Axis Bank reserves the right to forfeit unredeemed EDGE Reward Points and EDGE Miles 30 days after card closure, or when the minimum amount due is outstanding for more than 90 days. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank caps Magnus for Burgundy 35 point earn at credit limit plus Rs 1.5 lakh
From 20 Jun 2025 the 35 points per INR 200 rate applies on monthly spends above INR 1.5 lakh up to the credit limit plus INR 1.5 lakh. Spends beyond that earn 12 points per INR 200. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank adds 1% fees on wallet, fuel, utility, education and gaming, Dec 2024
The MITC lists a 1% fee applicable from 20 Dec 2024 on wallet loads from INR 10,000, fuel from INR 50,000, utilities from INR 25,000 and online skill-based gaming from INR 10,000 per statement cycle, and on third-party app education payments. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank ties Magnus for Burgundy lounge access to Rs 50,000 spend, May 2024
From 1 May 2024 domestic lounge access needs Rs 50,000 of spends in the previous 3 calendar months. New cards are exempt for the issue month and the next 3 months. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank caps Magnus for Burgundy points transfers by group, April 2024
From 20 Apr 2024 holders can transfer at most 2 lakh EDGE Reward Points a calendar year to Group A partners and 8 lakh to Group B partners. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank halves Magnus for Burgundy meet and assist services, April 2024
From 20 Apr 2024 the complimentary airport meet & assist services drop from 8 to 4 a calendar year. The BookMyShow buy one get one offer and the 24*7 concierge service are discontinued. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank cuts Magnus for Burgundy lounge guest visits to 4, April 2024
From 20 Apr 2024 complimentary guest visits fall from 8 to 4 on the domestic and international lounge programs. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank Magnus for Burgundy stops points on insurance, gold, fuel, April 2024
From 20 Apr 2024 spends on insurance, fuel and gold & jewellery earn no base or accelerated EDGE Reward Points and do not count towards the annual fee waiver threshold. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 30,000 |
|---|---|
| Annual fee | Rs 30,000 |
| Annual spend that waives the fee | Rs 30,00,000 |
| Fee notes | For Burgundy customers only. Renewal waived on Rs 30 lakh eligible spend; same excluded categories as Magnus. An older zero-fee 'Burgundy special offering' on Magnus existed for qualifying Burgundy relationships. |
Rewards
| Welcome benefit | One voucher worth Rs 5,000 (Luxe gift card, Postcard Hotels or Yatra) for new Magnus for Burgundy cards; not for upgrades from Magnus (issuer page) |
|---|---|
| Reward currency | EDGE Reward Points |
| Base earnunverified | 12 EDGE RP per Rs 200 up to Rs 1.5 lakh a calendar month; 35 per Rs 200 above that (same structure as Magnus) |
| Base return | 4.8% |
| Point value | Rs 0.20 per point on Pay by Rewards (min 2,500 points). Transfers 5 points : 4 miles for standard partners; 5:2 to Accor, Cathay, Qatar. |
| Accelerated earnunverified | Travel EDGE: 60 RP per Rs 200 up to Rs 2 lakh a month, then 35 per Rs 200 |
| Caps | Transfers capped at 10,00,000 points a calendar year: 2,00,000 to Group A, 8,00,000 to Group B (issuer T&C). Rent counts up to Rs 50,000 a month. |
| Spends that earn nothing | No base or accelerated points on insurance (MCC 6300, 6381, 5960, 6051, 6012), fuel (5541, 5542, 5983), gold/jewellery (5094, 5944), utilities, government. No accelerated points on wallet, rent, EMI. |
| Points expiry | 3 years from earning; all points also lapse after 365 days with no earn, redemption or login (EDGE Rewards T&C) |
| Milestone benefits | None found |
| Reward notes | base_return_pct = 12 points per Rs 200 x 5:4 = 4.8 miles per Rs 100 at Re 1 a mile (assumption); 1.2% at the Rs 0.20 cash value. Partner list and groups as reported by third-party trackers after the 23 Sep 2026 reshuffle (Group A: 18 programmes incl. KrisFlyer, Flying Blue, Air India, Qantas, Accor, Cathay, Qatar; Group B: 9 incl. Hilton, IHG, IndiGo BluChip, Miles & More). Axis's own current partner page could not be read; Axis says ratios and groups can change without notice and the ratio shown at transfer applies. Caps are per customer ID per calendar year; if several Axis cards are held the highest card sets the cap. Miles & More has its own extra cap of 2,00,000 miles a year, min 3,000 miles per transfer. |
Transfers
| Partnersunverified | Accor Live Limitless, Air Canada Aeroplan, Air France-KLM Flying Blue, Air India Maharaja Club, British Airways Club, Cathay, Ethiopian Airlines ShebaMiles, Etihad Guest, Finnair Plus, JAL Mileage Bank, Qantas Frequent Flyer, Qatar Airways Privilege Club, Singapore Airlines KrisFlyer, Thai Royal Orchid Plus, Turkish Airlines Miles&Smiles, United MileagePlus, Vietnam Airlines Lotusmiles, Wyndham Rewards, AirAsia Rewards, Hilton Honors, IHG One Rewards, IndiGo BluChip, Lufthansa Miles & More, Orchid Rewards, The Postcard Sunshine Club, Radisson Rewards, SpiceJet SpiceClub |
|---|---|
| Ratiounverified | Issuer page: up to 4 partner miles for every 5 EDGE RP across 20 travel partners. Per trackers: 5:2 to Accor, Cathay, Qatar. Annual cap 2,00,000 points Group A + 8,00,000 Group B. |
Travel and perks
| Domestic lounge | Unlimited for primary and add-on cardholders; 4 guest visits per calendar year |
|---|---|
| International lounge | Unlimited via Priority Pass; 4 guest visits per card anniversary year |
| Lounge conditions | Domestic access needs Rs 50,000 spend in previous 3 calendar months from 1 May 2024 (waived in issuance month + 3). Guest visits cut from 8 to 4 on 20 Apr 2024. |
| Forex markup | 2% |
| Fuel surcharge waiver | 1% on Rs 400-4,000 fuel transactions, cap Rs 400 per statement cycle (MITC) |
| Other freebies | 4 airport meet-and-assist services per calendar year (cut from 8 on 20 Apr 2024). BookMyShow BOGO and 24x7 concierge discontinued 20 Apr 2024. |
Charges and eligibility
| Interest per month | 3% |
|---|---|
| Late payment fee | Nil up to Rs 500 due; Rs 500 (501-5,000); Rs 750 (5,001-10,000); Rs 1,200 (10,001-50,000); Rs 1,300 above 50,000; plus Rs 100 per cycle if minimum due is missed two cycles running |
| Cash advance fee | Waived (interest still applies) |
| Eligibility | Axis Burgundy customers. Burgundy criteria in issuer documents: Rs 10 lakh average monthly balance in savings or across savings and current, or Rs 30 lakh total relationship value (Rs 1 crore incl. demat), or net salary credit above Rs 3 lakh a month, or NRI remittances of Rs 40 lakh in 12 months. |
| Fine-print notes | Documented from MITC and the Magnus for Burgundy T&C PDF. Base earn rate is not restated in the Burgundy T&C read; taken as identical to Magnus per the accelerated-points T&C. Miles & More transfers hit the 2,00,000-mile partner cap before the Group B cap. Shares the Magnus product page, which confirms the Rs 30,000 fee, Rs 30 lakh waiver, Rs 5,000 welcome voucher and the 5:4 headline transfer rate. The page does not restate a separate base earn rate for the Burgundy variant. Conflicts resolved from issuer page read 2026-10-12: transfer partner count: old list of 27 programmes (third-party trackers) -> issuer page says '20 travel partners' without naming them; list kept as unverified |
Questions
- What is the annual fee of the Axis Magnus for Burgundy Credit Card?
- Rs 30,000 a year, before GST. It is waived if you spend Rs 30,00,000 in a year.
- Does the Axis Magnus for Burgundy Credit Card give airport lounge access?
- Yes. In India: Unlimited for primary and add-on cardholders; 4 guest visits per calendar year. Outside India: Unlimited via Priority Pass; 4 guest visits per card anniversary year. Conditions: Domestic access needs Rs 50,000 spend in previous 3 calendar months from 1 May 2024 (waived in issuance month + 3). Guest visits cut from 8 to 4 on 20 Apr 2024.
- What is the forex markup on the Axis Magnus for Burgundy Credit Card?
- 2% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Axis Magnus for Burgundy Credit Card?
- No base or accelerated points on insurance (MCC 6300, 6381, 5960, 6051, 6012), fuel (5541, 5542, 5983), gold/jewellery (5094, 5944), utilities, government. No accelerated points on wallet, rent, EMI.