All cards / Axis Bank
Axis Magnus
The Axis Magnus is a super-premium travel card built around one of the richest flat reward rates in the Indian market: 12 EDGE Reward points per ₹200 spent, which transfer to airline and hotel partners at 5:2 (roughly 2.4% back at ₹1 a mile, climbing to about 12% on Travel EDGE bookings) or redeem at just 20 paise a point for cash and vouchers. Between the ₹12,500 fee, a ₹24L annual income requirement, and unlimited lounge access, it's aimed squarely at frequent flyers and high spenders rather than casual cardholders. The value proposition collapses fast if points are redeemed for cash or statement credit instead of travel transfers.
Annual fee
₹12,500
Joining fee
₹12,500
Reward type
points
Base reward rate
2.4%
Card network
Visa
Card tier
Super-premium
Who this card fits
Best suited to applicants with a credit score of roughly 780+ whose spend is concentrated in travel. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 2.4% base rate
- Travel: Complimentary Priority Pass membership (valid for international lounges only from 28 Aug 2026), Magnus Miles transfer to airline/hotel loyalty partners, and a Magnus for Burgundy variant with richer transfer ratios
- Domestic lounge access: Unlimited complimentary visits to select domestic airport lounges in India; from 28 Aug 2026 these are accessed by showing the Magnus card itself with a boarding pass, as the Priority Pass card is no longer valid at domestic lounges in India
- International lounge access: Unlimited complimentary international lounge visits via Priority Pass, plus 4 complimentary guest visits per year
- Golf: Complimentary golf games and lessons at select courses in India and abroad
- Insurance benefits: Air accident cover up to ₹4 crore, and purchase protection/credit liability cover on card spends
Benefits by category
- ✈️ Travel
12% reward rate · Unlimited complimentary domestic and international airport lounge visits for the primary cardholder, plus 4 guest visits a year on the Priority Pass. From 28 Aug 2026 Priority Pass works only at international lounges; domestic lounges in India are accessed with the Magnus card itself
- 🏨 Hotel
Choice of one welcome voucher worth ₹12,500: a Luxe gift card, a The Postcard Hotels gift voucher or a Yatra gift voucher
- 🌍 Forex / international spend
2% forex markup on international transactions
Eligibility
- Minimum credit score: 780
- Minimum monthly income: ₹2,00,000
- Employment: salaried, self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹25,00,000
- Rewards redemption fee: No fee for transferring Edge Rewards points to airline/hotel partners; cash/statement-credit redemption is offered at a lower rate
- Foreign currency markup: 2%
- Interest rate: 43.2% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver at all fuel stations, capped at ₹700 per statement cycle
- Cash advance charges: 2.5% of the cash amount withdrawn, minimum ₹500
Benefits
- Unlimited complimentary domestic and international airport lounge visits for the primary cardholder, plus 4 guest visits a year on the Priority Pass. From 28 Aug 2026 Priority Pass works only at international lounges; domestic lounges in India are accessed with the Magnus card itself
- Choice of one welcome voucher worth ₹12,500: a Luxe gift card, a The Postcard Hotels gift voucher or a Yatra gift voucher
Pros
- + 12 EDGE points per ₹200, worth about 2.4% when transferred to airline partners at 5:2
- + 12% effective reward rate on travel category spend
- + ₹12,500 welcome voucher (Luxe, The Postcard Hotels or Yatra) offsets the joining fee in year one
- + Unlimited domestic and international lounge access, plus 4 Priority Pass guest visits a year
- + Low 2% forex markup, useful for cardholders who travel internationally
Cons
- − Very high ₹12,500 joining and annual fee alongside a ₹2L/month (₹24L/year) income bar
- − Full point value only materializes on travel-partner transfers; cash/statement-credit redemptions are worth far less
- − Annual fee waiver requires ₹25L of spend in a year, out of reach for most applicants who qualify on income alone
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