Axis Bank Magnus Credit Card Review

Axis Bank Magnus Credit Card

  • Features & Rewards
  • Offers Availability
  • Card’s Acceptance
  • Customer Care & Issue Resolution

Conclusion

Axis Bank Magnus Credit Card is a unique vertical design credit card unseen in the Indian market. The card has a unique feature of unlimited domestic lounge access & the ability to use international lounge access for guests. Overall, this super-premium credit card gives you an unforgettable experience !! If you are a family traveller, you gonna love this benefit.
4.8/5

Introduction

Axis Bank Magnus Credit Card comes under the Super Premium credit card category.

If you are an affluent customer, you definitely want to have this card in your wallet !!

This article will discuss the Axis Bank Magnus Credit Card, one of India’s most popular credit cards. So if you’re thinking of applying for this card, be sure to read this review first! We’ll cover everything from the card’s features and benefits to fees and charges.

Axis Bank Magnus Credit Card

Highlights of Axis Bank Magnus Credit Card

Axis Bank Magnus Credit Card

  • Welcome/Annual Benefit: Choose between one complimentary domestic flight ticket and a Tata CLiQ voucher worth Rs.10000 as your annual benefit.
  • Airport Concierge Services: Enjoy 8 complimentary end-to-end VIP services at the airport.
  • International Lounge Access: Avail up to 8 complimentary international lounge visits per year with the Priority Pass card.
  • Dineout Passport: Enjoy a 25% discount at 2000+ fine dining restaurants across India.
  • Dining Delights: Enjoy up to a 20% discount at over 4000 restaurants across India.

Eligibility Criteria of Axis Bank Magnus Credit Card

  • Age: Applicant’s age must be between 18 and 70 years. Add-on card holders’ age must be above 18 years.
  • Income: Customers must be earning Rs. 18 Lakhs per annum. Self-employed customers’ ITR must be Rs. 18 Lakhs.
  • Citizenship: Applicant must be a resident of India.

What are the documents required for the Axis Bank Magnus Credit Card?

If you’re looking to apply for the Axis Bank Magnus Credit Card, you’ll need to have the following documents ready:

  • Proof of identity (PAN Card, Passport, Voter ID, etc.)
  • Proof of address (Utility bill, Rental agreement, Passport, etc.)
  • Income proof (Salary slip, ITR return, Form 16, etc.)
  • Recent photographs

Once you have all the required documents, you can proceed with the online application process.

Fees & Charges of Axis Bank Magnus Credit Card

The Axis Bank Magnus Credit Card comes with many great features and benefits. However, there are also some fees and charges that you should be aware of. Here is a breakdown of the fees and charges associated with this credit Card.

DescriptionFees & Charges
Joining FeeINR 10,000 + GST
Renewal FeeINR 10,000 + GST ( Waived off after spends of INR 15 Lakhs in a year)
Foreign Currency Mark Up Charge2% of the amount
Finance Charge2.5% per month | 34.49% per annum
Cash Advance Fee2.50% of the amount | Minimum INR 300
Overlimit Charge2.50% of the over-limit amount/Minimum INR 500
Late Payment FeeINR 300 for an amount up to INR 2,000
INR 400 for an amount between INR 2,001
INR 600 for the amount over INR 5,000
Fuel Transaction Surcharge1% Waived on a transaction between INR 400 & INR 4,000

How to Use the Axis Bank Magnus Credit Card?

If an individual is looking for a premium credit card with great rewards and an annual fee waiver, the Axis Bank Magnus Credit Card is a great option. Here’s a quick guide on how to use it:

  • Activate your card by making a purchase within 30 days of receiving it.
  • To earn rewards, simply use your card for all purchases. You’ll earn 1 point for every Rs. 100 spent.
  • Redeem your points for various rewards, including travel, merchandise, gift cards, and cashback.
  • If you pay your balance in full and on time each month, you will be able to maximize the card’s full potential. It will result in avoiding interest charges and keeping your account in good standing.

What are the Benefits of the Axis Bank Magnus Credit Card?

This card comes with several benefits that make it an excellent choice for those looking for a new credit card. Some of the benefits of the Axis Bank Magnus Credit Card include:

Travel & Stay Benefit

Travel & Stay Benefit

  • Get one economy-class flight ticket across domestic locations every year.
  • Enjoy up to 8 complimentary access to the international airport lounge in a year with the Priority Pass Card.
  • Get unlimited access to Domestic Airport lounges across India.
  • Enjoy 8 VIP Assistance at 29 Airports across India.
  • The VIP Assistance will include check-in, immigration processes, security check, and porter services.
  • Get a flat discount of 15% on Oberoi Hotels in India.

Lifestyle & Entertainment Benefits

  • Enjoy the Discount of 25% on the Dineout application over 300+ five-star restaurants in India.
  • Get up to 20% discount on Dining Delights from axis bank’s over 4000 restaurants in India.
  • Enjoy benefits on Extraordinary Weekends across the world.
  • Book 1 Ticket from BookMyShow and get a discount of ₹500 on the 2nd ticket for a maximum of 5 bookings per month.

Health & Wellness Benefits

  • Air Accident insurance coverage of ₹4.5 Crores.
  • Enjoy Complimentary Sessions and special discounts on Spas and Salons.
  • Get a medical diagnosis from the best specialist at the leading medical institutions.
  • Enjoy the Services in the healthcare packages of SRL Diagnostics, Dr PathLab, and Metropolis.
  • Get assistance during your international trips.
  • Avail expert 2nd medical opinion from a panel of world-class specialists at leading institutions.

Rewards Benefits

  • 12 Axis EDGE REWARDS Points on every Rs.200 that you spend.
  • 2X Axis EDGE REWARDS Points on purchases at MakeMyTrip, Yatra, Goibibo, and more.

24*7 Dedicated Concierge

The card offers assistance with flight bookings, table reservations, gift deliveries, and more.

Drawbacks of Axis Bank Magnus Credit Card

Axis Bank Magnus Credit Card

  • The reward point system is average for such a super premium credit card.
  • The annual spend of Rs. 15 Lakhs for the reversal of the Annual/Renewal fee should have been lower.

Conclusion

The Axis Bank Magnus Credit Card is an excellent option for people seeking a credit card with amazing rewards and benefits. There is also an annual fee waiver, making this card very affordable.

In addition, the card offers a superior level of airport lounge access in domestic and international airports. There are multiple health & wellness benefits as well. In a nutshell, grab this card and enjoy the luxury !!

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FAQ’s

Which card network supports Axis Bank Magnus Credit Card?

MasterCard

What is the Joining Fee/Renewal Fee of Axis Bank Magnus Credit Card?

Joining Fee: Rs 10,000/- + Additional Taxes
Renewal Fee: Rs 10,000/- + Additional Taxes

What facility is offered for Domestic Airport Lounge Access?

Unlimited access to any domestic airport within India.

What offer is provided by Axis Bank Magnus Credit Card in Dining?

I) Enjoy the Discount of 25% on the Dineout application over 300+ five-star restaurants in India.
II) Get up to 20% discount on Dining Delights from axis bank over 4000 restaurants in India.

Is there a facility for reversal of Renewal/Annual Fee on Axis Bank Magnus Credit Card?

If the Minimum Annual spending is Rs 15 Lakhs, the renewal/annual fee will be nullified.

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