Axis Bank
Axis Bank Magnus Credit Card
4.3 / 5visa · mastercard
- Joining fee
- ₹12,500
- Annual fee
- ₹12,500
- Base reward
- 1.2%
- Min income
- ₹24,00,000/mo
- Forex markup
- 2%
- Interest p.a.
- 42.58%
Where it earns
| Category | Rate | Monthly cap |
|---|---|---|
| Travel | 6% | ₹2,00,000 |
| Everything else | 1.2% | ₹1,50,000 |
Benefits
- ▸12 EDGE Reward Points per Rs.200 (up to Rs.1.5L/month); 35 points per Rs.200 above Rs.1.5L/month
- ▸60 EDGE Reward Points per Rs.200 on TravelEdge portal (up to Rs.2L/month)
- ▸1 EDGE Reward Point = Re.0.20
- ▸Unlimited domestic & international lounge access (Priority Pass)
- ▸Comprehensive travel insurance
- ▸Annual fee waivable on Rs.25L spend
The good
- + Strong accelerated earn above Rs.1.5L/month (3.5%) and on TravelEdge (6%)
- + Unlimited domestic & international lounge access
- + Low 2% forex markup for a premium card
The catch
- − High annual fee; waiver needs Rs.25L spend
- − Repeated devaluations (2023-2024) reduced milestone/movie/concierge benefits
- − Base earn only ~1.2% value-back; high Rs.24L income requirement