Axis Bank Magnus Credit Card is a premium card that is a rewards-based card. This means this card has exclusive benefits and features and is more valuable than most of the cards in the market. With a joining fee of 10,000 INR, it is a card for individuals with high net worth. This card is for those who wish to enjoy a very luxurious lifestyle since this card offers premium benefits for travel, lifestyle, and dining benefits.
The Axis Bank Magnus Credit Card has luxury as its utter definition. The number of benefits, features, memberships, milestones, and other added features this card has are of luxurious nature which high-end individuals love. It is not wrong to say that this card is issued with the sole purpose of pleasing those individuals’ daily routines.
FEATURES AND BENEFITS
Welcome and Annual Benefits –
You get to choose between a complimentary domestic flight ticket or a TATA CLiQ Voucher worth 10,000 INR as your welcome/annual benefit.
Rewards rate –
12 Axis EDGE Rewards points for every 200 INR spent
5X EDGE Rewards on travel based spends through TRAVEL EDGE
Reward Redemption –
The reward points can be redeemed or transferred to Partner Airlines/ Hotel Reward Program through the EDGE Rewards portal.
Travel –
This card gives you 8 complimentary end-to-end VIP services at the airport i.e., assistance throughout the airport which includes your check-in, security check, immigration process, etc.
Unlimited complimentary domestic lounge access across the country
Unlimited complimentary international lounge access and additional 8 guest visits per year with Priority Pass Card across the globe
Stays at Oberoi Hotels with a discounted price of up to 15% and get a complimentary room upgrade
Movie and Dining –
BookMyShow gives the special benefit of buying one and getting up to 500 INR off on your next movie/non-movie ticket and you can apply for this benefit maximum 5 times in a month
Under the Axis Bank Dining Delights program, more than 4000 restaurants will give you a 20% discount.
Milestone Benefit –
You can claim 25,000 bonus EDGE reward points upon spending more than Rs.1 lakh in a calendar month.
All your spending except for wallet reloads and insurance will be considered under your milestone spend calculation.
Fees –
Joining fee – 10,000 INR + taxes
Annual fee – 10,000 INR + taxes
*The annual or renewal fee can be waived upon spending a minimum of 15 Lakh INR in your previous year
The interest rate with this card is 3.0% per month and 42.58% on an annual basis is applied
With this card, the foreign currency markup fee is 2% off on the total transacted amount
There is no cash advance fee with the Axis Magnus Credit Card
Eligibility Criteria
The primary holder must be 21 years old and a maximum of 70 years old and the add-on cardholders should be an adult over the age of 18.
The annual income of the primary credit card holder must be 18 lacks INR minimum so be it for salaried employees or self-employed applicant
The applicant must submit his/her one identity proof, Address proof, and Income proof
Bottom Line
With the joining fee of 10,000 INR, this credit card holds many luxurious benefits and the amount gets justified when this is a super-premium card. This card gives you unlimited access to domestic and international lounges with end-to-end VIP benefits. Low foreign currency markup of 2%, 3% interest rate per month, no renewal fee on matching certain criteria, milestone bonus reward points on every milestone, all these are added benefits of this card.
For a super-premium card with this many benefits all the fees, charges, and criteria are surely worth it.
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