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Axis Magnus Credit Card

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Axis Magnus Credit Card

Premium rewards for consistent high spenders

Annual fee₹12,500Waived on ₹25.0L spend

Rewards1.20%Assumes 1 EDGE Reward Point = ₹0.20 via EDGE Rewards catalogue / partner-store Pay-with-Points (issuer FAQ example: 4,000 pts = ₹800; IKEA 1 pt = ₹0.2). This is the marketed redemption path Magnus T&C references (edgerewards.axisbank.co.in/lms). Miles Transfer to 20 airline/hotel partners at 5:2 ratio (capped 5 lakh pts/yr) is a higher-value secondary path but carries no issuer-published clean ₹ anchor. SMS-based redemption varies 0.12–0.20 by MCC.

Forex markup2%Reduced mark-up fee of 2% on foreign transactions.

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Welcome benefits

worth ₹12,500

Choose any one voucher worth ₹12,500 from Luxe gift card, The Postcard Hotels gift voucher, or Yatra gift voucher

Type: Voucher Choice
Partner: Luxe / The Postcard Hotels / Yatra

Rewards

Base earn rate

Earn 12 EDGE Reward points per ₹200 on spends up to ₹1.50 Lakhs

EDGE Rewards

Lounge access

Domestic

Unlimitedvisits / year

Requires ₹50,000 prior spend

Axis Bank Airport Lounge Access Program lounge programme →

International

Priority Pass

—complimentary visits

Fees & charges

Joining fee: ₹12,500 + Taxes
Annual / renewal fee: ₹12,500 + Taxes
Annual fee waiver: Annual fee of ₹12,500 + Taxes waived off* on spend of ₹25 Lakhs in preceding year.
Add-on card fee: Free
Interest rate: 3.00% p.m. (36.00% p.a.)
Interest-free period: 50 days
Cash advance fee: No cash withdrawal fees.
Overlimit fee: 2.5%, min ₹500
Payment dishonour: ₹500
Forex markup: Reduced mark-up fee of 2% on foreign transactions.
DCC markup: 3.50%
Reward redemption: ₹0 per redemption
Fuel surcharge: 1% waiver, on ₹400–₹4000 txns, max ₹400/cycle

Late payment

Outstanding amount	Late fee
₹0 – ₹500	₹0
₹501 – ₹5,000	₹500
₹5,001 – ₹10,000	₹750
Above ₹10,001	₹1,200

View official MITC →

Eligibility

Income (salaried): Net Salary of ₹24 lakhs per annum or Net Annual Income Tax Return filed for ₹24 Lakhs.
Income (self-employed): ₹24L/year
Age: 18–70 years

Employment types

SalariedSelf-Employed

Required documents

PAN card photocopy or Form 60
Latest payslip/Form 16/IT return copy as the proof of income
Residence proof (Passport/Driving license/Electricity bill/ Landline telephone bill)

Features

✓ International usage

Is this card worth it for you?

Your monthly spend

₹10,000₹5,00,000

Travel edge — 6% back

0% of spend100% of spend

Incremental above 1.5L — 3.5% back

0% of spend100% of spend

Remaining 65% of spend earns the 1.2% base rate.

Rewards / year

₹15,030

≈ 2.50% effective

Annual fee

₹12,500

waives at ₹25,00,000/yr

Net steady-state return

+₹2,530/year

Strong fit at this spend

At ₹50,000/month, rewards outrun the fee by ₹2,530 a year.

Apply Now Check Eligibility →

One-time joining fee (year 1 only): ₹12,500

One-time welcome benefit — DB hint states a voucher worth ₹12,500 (Luxe/Postcard Hotels/Yatra) but this could NOT be verified first-hand in any readable issuer PDF; product page is JS-rendered (nav shell only). Left null per NULL-over-guess.

Based on published rates as of 2026-08-07; assumes 1 EDGE Reward Point = ₹0.20 via EDGE Rewards catalogue / partner-store Pay-with-Points (issuer FAQ example: 4,000 pts = ₹800; IKEA 1 pt = ₹0.2). This is the marketed redemption path Magnus T&C references (edgerewards.axisbank.co.in/lms). Miles Transfer to 20 airline/hotel partners at 5:2 ratio (capped 5 lakh pts/yr) is a higher-value secondary path but carries no issuer-published clean ₹ anchor. SMS-based redemption varies 0.12–0.20 by MCC.. Rewards estimates, not guarantees.