Axis Bank Magnus Credit Card Review

Axis Bank Magnus Credit Card Review

Axis Bank Magnus Credit Card

Axis Bank has so many wonderful credit cards in their portfolio and Magnus is one of the best rewarding credit card without a doubt. Axis Magnus Credit Card is the hot pick of the year 2022 & 2023 for a super premium credit card holder with good spends.

Here’s everything you need to know about this most popular Credit Card in India at the moment.

Table of Contents

Overview

Type Super Premium Credit Card
Reward Rate 1.2% to 24%
Annual Fee 10,000+GST
Best for Monthly spends of 1 Lakh
USP Airport meet & greet services

With all the newly added benefits, Axis Magnus Credit Card can be called as the best super premium credit card not only in India but in the world.

Because no card in the world can get closer to the rewards it gives on spends of 1L a month, which fits well for most cardholders in this segment.

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Fees

Joining Fee 10,000 INR+GST
Welcome Benefit 10,000 INR TataCliq voucher (or) flight ticket
Renewal Fee 10,000 INR+GST
Renewal Benefit 10,000 INR TataCliq voucher (or) flight ticket
Renewal Fee waiver On spending >15 lakhs

Note that TataCliq voucher is the new option given as welcome benefit temporarily and it maybe discontinued anytime.

Otherwise, if you choose one-way economy flight ticket as welcome benefit, the price will be capped to Rs.10,000.

As long as TataCliq voucher is available, it’s the best option to go with, as it almost covers the welcome fee, except the 1800 INR GST portion.

Once you do your first txn you’ll get a link on SMS, accessing which you can redeem the desired welcome benefit in a matter of few clicks. If not received, call Axis Concierge (18001034962) post generation of 2 statements.

The Card

axis bank magnus credit card-unboxing

The Axis Bank Magnus Credit Card now comes in a metal form factor on Visa Infinite platform. The card looks definitely premium even without the metal form factor.

Anyway you can’t differentiate metal Magnus from a non-metal Magnus that easily. So if you’re holding the previously issued plastic card under Mastercard platform, there is nothing to worry.

Rewards

SPEND TYPE REWARDS REWARD RATE (Edge Rewards Portal) REWARD RATE (Points Transfer)
Regular Spend 12 RP / 200 INR 1.2% 2.4% – 4.8%
Axis Travel Edge Portal 60 RP / 200 INR (5X) 6% 12% – 24%

The regular reward rate on edge rewards is indeed not exciting on Magnus. However, with 2X promo & 3X promo which comes once in a while, it’s easy to save well over what HDFC Infinia and other super premium cards offer.

5X on Travel Edge portal is the new and nice benefit which you may find it useful for flight bookings.

Ideally, converting your points to the newly introduced Points transfer partners is the best way to get maximum out of Axis Rewards.

What this does is that it increases the “point value” from the usual 20ps (Edge rewards portal redemptions) to ~40ps (Marriott) or even ~80ps (ITC & many more) if you explore airline partners.

Milestone Rewards

  • Rewards: 25,000 points on 1L spend (per calendar month)
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