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Axis Bank Magnus for Burgundy Credit Card
Mastercard
Axis Bank Magnus for Burgundy Credit Card
The ultra-premium, relationship-manager-distributed tier of Axis Magnus, reserved for Burgundy private banking clients rather than open applicants. It layers materially higher travel-miles value (up to ~24% back on Travel EDGE bookings) and unlimited own-card domestic lounge access on top of the standard Magnus proposition, plus meet-and-greet services and luxury hotel discounts. Because it's only reachable through an existing high-net-worth Axis relationship, it functions more as a private-banking perk than a card anyone can apply for directly, and the ₹30,000 fee with a ₹30 lakh waiver threshold keeps it firmly in the realm of very high spenders even among those who do get invited.
Annual fee
₹30,000
Joining fee
₹30,000
Reward type
points
Base reward rate
4.8%
Card network
Mastercard
Card tier
Super-premium
Who this card fits
Best suited to applicants who clear the standard eligibility bar whose spend is concentrated in travel, dining. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 4.8% base rate
- Travel: 4 complimentary airport meet-and-greet services per year, plus 15% savings at The Leela Palace hotels
- Domestic lounge access: Unlimited complimentary domestic lounge access on the card itself, no visit cap
- International lounge access: Unlimited international lounge access via Priority Pass membership, no visit cap
Benefits by category
- ✈️ Travel
24% reward rate (capped ₹2,00,000/monthly) · Unlimited complimentary domestic lounge access on the card itself, plus unlimited international lounge access via Priority Pass membership — no visit caps at either tier
- 🏨 Hotel
Choice of a complimentary domestic one-way economy ticket, a ₹5,000 Luxe/PostCard Hotels voucher, or a Yatra voucher, selectable to match the cardholder's own travel habits rather than a fixed one-size-fits-all reward · 15% savings at The Leela Palace hotels, on top of the card's broader partner ecosystem of premium hospitality brands · EDGE Reward Points transferable to 20+ airline and hotel loyalty partners, up to a cap of 10 lakh points a year, giving high spenders meaningful flexibility in how they redeem for flights and stays
- 🌍 Forex / international spend
2% forex markup on international transactions
Eligibility
- Minimum monthly income: ₹2,00,000
- Employment: salaried, self-employed
- Age: 18–70
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹30,00,000
- Rewards redemption fee: No fee to transfer EDGE Reward points to airline/hotel partners
- Foreign currency markup: 2%
- Fuel surcharge waiver: 1% fuel surcharge waiver at fuel stations across India
- Cash advance charges: 2.5% of the cash amount withdrawn, minimum ₹500
Benefits
- Choice of a complimentary domestic one-way economy ticket, a ₹5,000 Luxe/PostCard Hotels voucher, or a Yatra voucher, selectable to match the cardholder's own travel habits rather than a fixed one-size-fits-all reward
- Unlimited complimentary domestic lounge access on the card itself, plus unlimited international lounge access via Priority Pass membership — no visit caps at either tier
- 4 complimentary airport meet-and-greet services per year, easing arrivals and departures at major airports for the cardholder and accompanying guests
- 15% savings at The Leela Palace hotels, on top of the card's broader partner ecosystem of premium hospitality brands
- EDGE Reward Points transferable to 20+ airline and hotel loyalty partners, up to a cap of 10 lakh points a year, giving high spenders meaningful flexibility in how they redeem for flights and stays
Pros
- + Very high value-back (up to ~24%) on Travel EDGE bookings, among the richest travel reward rates Axis offers
- + Unlimited domestic and international lounge access with no visit caps
- + Strong hotel and travel-partner transfer ecosystem across 20+ airline and hotel programs
- + Choice-based welcome benefit lets cardholders pick the reward that suits their travel pattern
- + 4 complimentary airport meet-and-greet services a year, a genuinely rare perk even among super-premium cards
Cons
- − Invite-only via an existing Axis Burgundy relationship — not open to general applicants regardless of income or spend
- − ₹30,000 fee with a steep ₹30 lakh spend threshold to waive it
- − Fuel, utilities, and large rent payments are excluded from reward earning
- − Full value depends on redeeming through Travel EDGE and airline/hotel transfers rather than cash-equivalent redemptions
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