Magnus Credit Card
Axis Bank Magnus is widely considered one of India's top two or three credit cards for frequent flyers.
Premium Privileges Fit Score
97/100
Joining Fee
₹12,500
Annual Fee
₹12,500
Reward Rate (%)
1.2 – 6
6 pts/₹100 · ₹0.2/pt
Forex Markup
2%
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CardCheck Rating & Score
Our proprietary algorithm evaluates cards across reward value, fee fairness, lounge access and terms to provide an unbiased score.
Reward Power
34/35
Fee Value & ROI
18/25
Lounge & Perks
20/20
Forex & Access
12/20
Category Strengths Breakdown
Ranked by strongest spend categoryScoring Methodology: Evaluated deterministically using verified bank MITC filings, fee waiver spend ratios, reward percentage caps, and lounge agreements. No card receives sponsored score inflation. Learn how we score →
Magnus Credit Card Benefits
Magnus Credit Card Rewards
How you earn back on every swipe
points
Reward type
1.2% – 6%
Earn rate
6
Points / ₹100
₹0.2
Per point
36 months
Point expiry
₹1,50,000
Monthly cap
Magnus Credit Card Fees & Charges
Programme fees we track below. Interest on cash withdrawals or revolving balances, late-payment slabs and other statutory charges are detailed in the official Most Important Terms and Conditions (MITC).
Magnus Credit Card Lounge Access
Airport perks included with this card
Unlimited Visits
Domestic airport lounge access
Priority Pass
Included with this card
Things to Keep in Mind
- Excludes rent, wallet, gift cards, Priority Pass spends, EMI, government, utility/telecom, insurance and gold/jewellery transactions
Card Features
Fee Waiver Spend Simulator
Simulate your spend to check waiver eligibility
Spend ₹0/mo more (or ₹4 more per year) to waive the renewal fee.
Tips & reviews
Community comments — not financial advice. Bank terms still apply.
Magnus Credit Card 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
- 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 1 Sept 2026
Calculate your exact earnings with Magnus Credit Card
Enter your monthly spending in groceries, dining, fuel, travel, and shopping to calculate your estimated net return after fees, reward caps and exclusions.
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