Axis Bank
Magnus Credit Card
Your rating
Community rating
Joining Fee
₹12,500
Annual Fee
₹12,500
Reward Rate
—
Forex Markup
2%
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Key Benefits
Rewards
How you earn back on every swipe
points
Reward type
6
Points / ₹100
₹0.4
Per point
Fees & Charges
Programme fees we track below. Interest on cash withdrawals or revolving balances, late-payment slabs and other charges are set by the bank and spelled out in their Most Important Terms and Conditions (MITC). Use the official product page for those details.
Travel & Lounge Access
Airport perks included with this card
Priority Pass
Included with this card
Things to Keep in Mind
- Fuel surcharge may be levied as INR 10 + GST instead of 1% + GST on certain transactions
Card Features
Tips & reviews
Community comments — not financial advice. Bank terms still apply.
Eligibility
Employment type
Pros & Cons
- Strong rewards for high spenders
- Excellent airline and hotel transfer partners
- Unlimited domestic and international lounge access
- Low 2% forex markup for a premium card
- Valuable travel-focused welcome benefits
- Strong Travel EDGE accelerated rewards
- Premium dining and lifestyle privileges
- Good for frequent travelers and luxury users
- High annual fee of ₹12,500 + taxes
- Annual fee waiver milestone is very high
- Major reward devaluations reduced overall attractiveness
- Diners/Axis partner acceptance can occasionally be inconsistent
- Best value depends heavily on travel point transfers
- Reward structure is complex for beginners
- Spend exclusions for milestones and rewards are extensive
- No longer as rewarding as earlier Magnus versions
Who is this card for?
Business travellers or high-net-worth individuals spending ₹10L+ annually who fly frequently. Best value if you maximise the lounge access and airline mile transfers.
Quick Links
Data last updated 18 Mar 2026