M16S / Axis Bank / Axis Magnus Credit Card
super-premium · rewards, travel
Axis Magnus Credit Card
The Axis Magnus Credit Card costs Rs 12,500 a year, waived if you spend Rs 25,00,000 in a year. Its base return is 2.4%. The forex markup is 2%. Lounge visits in India: Unlimited visits to select airport lounges in India (primary and add-on). Read from the issuer's documents and an aggregator on 31 Oct 2026.
- Annual fee
- Rs 12,500+ GST
- Fee waived at
- Rs 25,00,000annual spend
- Base return
- 2.4%
- 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 offers Magnus free for life to Burgundy Salary customers, July 2026
Customers onboarded under the Burgundy Salary segment on or after 1 Jul 2026 can get the MAGNUS card with nil joining and annual fee, without the usual welcome benefits. Otherwise the fee is Rs 12,500 + taxes. 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 accelerated 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 domestic lounge access to Rs 50,000 spend, May 2024
From 1 May 2024 MAGNUS 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 splits Magnus points transfers into capped partner groups, April 2024
From 20 Apr 2024 MAGNUS holders can transfer at most 1 lakh EDGE Reward Points a calendar year to Group A partners and 4 lakh to Group B partners. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank cuts Magnus lounge guest visits from 8 to 4, April 2024
From 20 Apr 2024 complimentary guest visits on the MAGNUS card fall from 8 to 4, on both domestic and international lounge programs. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank Magnus stops points on insurance, gold and fuel from April 2024
From 20 Apr 2024 spends on insurance, gold/jewellery and fuel earn no base or accelerated EDGE Reward Points on the MAGNUS card and do not count towards the annual fee waiver threshold. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank ends Magnus movie offer, concierge and meet and assist, April 2024
From 20 Apr 2024 the MAGNUS card drops the BookMyShow buy one get one offer, the 24*7 concierge service and the 8 complimentary airport meet & assist services. 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 12,500 |
|---|---|
| Annual fee | Rs 12,500 |
| Annual spend that waives the fee | Rs 25,00,000 |
| Fee notes | Joining fee nil for Burgundy Salary Account opened on/after 1 Jul 2026 (MITC). Renewal waived on Rs 25 lakh eligible spend; rent, wallet, utilities, government, EMI, insurance, gold, fuel and (from 28 Aug 2026) gift cards do not count. |
Rewards
| Welcome benefit | One voucher worth Rs 12,500: Luxe gift card, The Postcard Hotels or Yatra (issuer page and T&C). Not repeated on renewal. |
|---|---|
| Reward currency | EDGE Reward Points |
| Base earn | 12 EDGE RP per Rs 200 on cumulative spend up to Rs 1.5 lakh in a calendar month; 35 per Rs 200 above that |
| Base return | 2.4% |
| Point value | Rs 0.20 per point on Pay by Rewards / catalogue (min 2,500 points for cash). Transfers 5 points : 2 miles for standard partners; 5:1 for Accor, Cathay and Qatar. |
| Accelerated earnunverified | 5X on Travel EDGE (issuer page) = 60 RP per Rs 200 up to Rs 2 lakh a month, then 35 per Rs 200 (T&C). Grab Deals/Gyftr up to 5X on up to Rs 2 lakh (no accelerated tier). Aggregator reports 35 RP per Rs 200 on UPI via Magnus RuPay, capped at Rs 50,000 UPI spend a month (not on issuer page). |
| Caps | 35-point tier applies only to spend above Rs 1.5 lakh a calendar month and is capped at spend up to assigned credit limit + Rs 1.5 lakh a month (issuer page). Rent counts only up to Rs 50,000 a month. Transfers capped at 5,00,000 points a year: 1,00,000 to Group A, 4,00,000 to Group B. |
| Spends that earn nothing | No points at all: utilities/telecom (MCC 4814, 4816, 4899, 4900), government (9222, 9311, 9399, 9402), insurance, fuel, gold/jewellery, gift cards, bridge fees, road fees and tolls. No accelerated points: wallet loads (6540), rent (6513), EMI. Cash, fees and reversals excluded. Gift cards excluded from fee-waiver spend from 28 Aug 2026. |
| 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. The 25,000-point monthly milestone was withdrawn from 1 Sep 2023. |
| Reward notes | base_return_pct = 12 points per Rs 200 x 5:2 transfer = 2.4 miles per Rs 100, valued at Re 1 a mile (assumption). At the issuer cash value of Rs 0.20 the base is 1.2%. Above Rs 1.5 lakh a month the rate is 35 per Rs 200 (7 miles per Rs 100). No redemption fee found in MITC or EDGE T&C. Accelerated points credit 45 days after month end. 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: 2 partner miles for every 5 EDGE RP across 20 travel partners. Per trackers: 5:1 to Accor, Cathay, Qatar. Annual cap 1,00,000 points Group A + 4,00,000 Group B. |
Travel and perks
| Domestic lounge | Unlimited visits to select airport lounges in India (primary and add-on) |
|---|---|
| International lounge | Unlimited for primary cardholder via Priority Pass, plus 4 guest visits a year (issuer page) |
| Lounge conditions | Domestic: needs Rs 50,000 eligible spend in previous 3 calendar months (from 1 May 2024, issuer lounge document); waived in issuance month + next 3 months. International guest visits: 4 a year with Priority Pass (revised 20 Apr 2024, issuer page). |
| Forex markup | 2% |
| Fuel surcharge waiver | 1% on Rs 400-4,000 fuel transactions, cap Rs 400 a month (issuer page) |
| Other freebies | Issuer page: discounts at 4,000+ restaurants (Dining Delights); purchase protection and lost card liability cover; 15% off bed-and-breakfast rates at The Leela Palaces (stated valid till 30 Sep 2026). Aggregator only: credit shield Rs 5 lakh, baggage loss/delay USD 500. BookMyShow BOGO and concierge reported removed in 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 | Age 18-70 (add-on 18+); net salary or ITR income of Rs 24 lakh a year; resident of India. Lifetime-free Magnus for Burgundy Salary Account holders (account opened on/after 1 Jul 2026) with net monthly salary credit of Rs 2 lakh or more, on first salary credit. |
| Fine-print notes | Before the 2026-10-12 page read: fees, forex, interest from MITC; earn rules from Axis T&C PDFs. Group A cap (1 lakh points = 40,000 miles a year) now covers KrisFlyer, Flying Blue, Air India and Qantas, so the 5:2 ratio is usable on only 40,000 miles a year to those programmes. Rent 1% fee; 1% fee on wallet loads from Rs 10,000, utilities from Rs 25,000, fuel from Rs 50,000, gaming from Rs 10,000 per cycle, and on education paid through third-party apps. Product page read 2026-10-12 confirms fee, Rs 25 lakh waiver, welcome voucher, 12/35 RP earn, 5X Travel EDGE, 3% interest, 2% forex, no cash withdrawal fee, fuel waiver, lounge. Page links 'Mastercard' offers in its footer but does not state the card network. Conflicts resolved from issuer page read 2026-10-12: eligibility: old (cardinsider) 'age 21-70, income Rs 24 lakh or existing card with Rs 3 lakh limit' -> issuer 'age 18-70, Rs 24 lakh salary/ITR' | transfer partner count: old list of 27 programmes (third-party trackers) -> issuer page says '20 travel partners' without naming them; list kept as unverified | lounge guest visits: old issuer 2023 T&C said 8 Priority Pass guest visits -> issuer page says 4 a year since 20 Apr 2024 | other_freebies: aggregator listed Oberoi hotel discounts; issuer page lists Leela Palaces (to 30 Sep 2026) and no Oberoi offer, so Oberoi removed |
Questions
- What is the annual fee of the Axis Magnus Credit Card?
- Rs 12,500 a year, before GST. It is waived if you spend Rs 25,00,000 in a year.
- Does the Axis Magnus Credit Card give airport lounge access?
- Yes. In India: Unlimited visits to select airport lounges in India (primary and add-on). Outside India: Unlimited for primary cardholder via Priority Pass, plus 4 guest visits a year (issuer page). Conditions: Domestic: needs Rs 50,000 eligible spend in previous 3 calendar months (from 1 May 2024, issuer lounge document); waived in issuance month + next 3 months. International guest visits: 4 a year with Priority Pass (revised 20 Apr 2024, issuer page).
- What is the forex markup on the Axis Magnus Credit Card?
- 2% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Axis Magnus Credit Card?
- No points at all: utilities/telecom (MCC 4814, 4816, 4899, 4900), government (9222, 9311, 9399, 9402), insurance, fuel, gold/jewellery, gift cards, bridge fees, road fees and tolls. No accelerated points: wallet loads (6540), rent (6513), EMI. Cash, fees and reversals excluded. Gift cards excluded from fee-waiver spend from 28 Aug 2026.