Axis Bank Magnus Credit Card Review

The Axis Bank magnus credit card is very hard to replace when it comes to premium lifestyle benefits at an affordable rate. In order to sync with your premium lifestyle, this card comes loaded with all sorts of premium benefits. From lounge access to hotel booking and movie benefits to dining, this card has everything needed to add a touch of luxury to your already premium lifestyle. More about this Axis credit card benefits are discussed below.

What are the axis bank magnus credit card eligibility criteria?

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 18 to 70 yrs. 
    • axis bank credit card salary eligibility: Rs. 18 lakh annually. 
  • For self-employed person:
    • Age: 18 to 70 yrs. 
    • axis bank credit card salary eligibility: Income tax return should be greater than Rs. 18 lakh. 
  • A good credit score (750 or more) is needed to apply for this axis bank magnus credit card

Once your axis credit card application is submitted successfully, you will get a unique application id, you can use that to track axis credit card application online

What documents are required for getting a credit card in Axis Bank?

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip. (3 months)
      • ITR (Income Tax Return) 
    • Self-employed person
      • Latest Income tax return.  
      • Proof of business
      • Recent audited financial report. 

As per the new rbi guidelines, all new credit cards are delivered in an inactive state, and you can activate them manually by generating a new credit card PIN. You can find the complete axis bank credit card activation process on our faq page.

What are the axis magnus credit card fees?

  • Axis magnus credit card joining fee: Rs. 10,000 + GST
  • Axis bank magnus credit card annual fee: Rs. 10,000 + GST (Can be waived off on spending Rs.15 lakh within a year)

What are the axis bank magnus credit card benefits?

  • Annual Benefit, axis bank credit card flight offers:

As you pay your axis magnus card annual fee every year, you will get a TATA CliQ voucher and a domestic flight ticket worth Rs. 10,000 as a renewal bonus. If you are uncomfortable with paying your axis bank credit card bill online, then Click here to know how to pay axis credit card bill offline. 

  • Make your every transaction rewarding:

With the powerful axis bank edge credit card reward scheme, you can make every transaction rewarding.

Category of transaction

Rate of earning reward points

On spending Rs.1 lakh within a month.                              25,000 Edge points 
Travel expenses via Travel Edge. 5X edge rewards for every Rs.200 transaction.
Make MyTrip, Yatra, and Goibibo. 2X Edge rewards for every Rs.200 transaction.
All other categories. 12 edge reward points for every Rs.200 transaction.                

You can convert your earned edge rewards to cash

NB: This benefit is going to be discontinued from 10th March 2022.

  • Make your travel more comfortable with axis credit card lounge access benefits:

Under the axis bank priority pass program, this card gives you unlimited free access to international airport lounges. You will also get 8 complimentary guest visits per year. Click here for the list of the axis bank international lounge access list. Under the axis airport lounge access program you will get unlimited free access at domestic airport lounges.

  • Experience exclusive deals on hotel booking:

On this magnus card axis bank offers exclusive deals on hotel booking via the MasterCard travel program. You can find all the additional MasterCard offers here. This card also offers some attractive travel and entertainment benefits with the Extraordinary Weekends program.

  • Make your evenings more entertaining with attractive movie offers:

If you book a movie/non-movie ticket from BookMyShow using this card you will get up to Rs. 500 discount on the second ticket. You can avail of this bookmyshow axis bank credit card offer 5 times a month. 

  • Enjoy a premium dining experience with a huge discount on dining bills:

With the Dineout Plus membership, you can enjoy a 25% discount on dining bills at over 600+ five-star restaurants across the country Under the dining delight program this magnus credit card also offers up to a 20% discount on dining at over 4,000 restaurants across India. 

  • Get freedom from fuel surcharges:

On this magnus credit card axis bank offers a 1% waiver on fuel surcharges. This offer is applicable on transactions between Rs.400 to Rs.4000. If you want some more benefits on fuel purchase, then you should go for a proper axis bank fuel card. You can take a look at our top credit card pages to find out the best fuel credit card for yourself. 

  • Complimentary credit card insurance coverage to stand for you:

This axis bank magnus credit card comes with air accidental coverage of Rs. 4.5 Cr. and lost baggage and personal documents coverage of $500.  

  • Complimentary lost card liability coverage to support you in unfortunate events:

This axis bank magnus credit card features a lost card liability coverage of Rs. 5 lakh. So if your card ever gets lost or stolen, you just have to report it by calling the Axis credit card helpline number and you will not be liable for anything bad that may happen to your account.

  • Get exclusive deals on healthcare categories:

This axis premium credit card comes with some exclusive discounts at Spas and Wellness Resorts, you will also get medical and healthcare benefits from Dr. Lal PathLab, SRL Diagnostics, and Metropolis. 

  • A multilingual concierge service to assist you:

This mastercard axis bank card also offers a world-class concierge service to assist you on flight booking, table reservations at restaurants, and delivering gifts. Call the axis bank credit card toll free no for any assistance. 

  • Security of the advanced EMV chip:

On this card comes with a built-in EMV chip and PIN system that uses a very strong encryption method to store your data which makes your credit card transactions much more secure than before. 

What are the axis bank magnus credit card charges?

Particulars 

Payable amount

Credit card cash withdrawal charge. None. Check your axis bank credit card limit before making a withdrawal.
Axis magnus credit card finance charge. The Axis credit card interest rate is 2.5% monthly. Not applicable if credit card due is cleared within the axis bank credit card grace period.
Axis magnus card foreign currency transaction fee. 2% against the transacted amount.
Addon credit card fee. None.

How to contact the axis bank credit card customer care department?

  • Call the axis bank credit card customer care toll free number: 1860-419-5555 / 1860-500-5555 / 022-6798-7700 or 040-67174100
  • You can also write to the axis bank credit card mail idcreditcards@axisbak.com 

If you want to close axis bank credit card account, then click here to download the axis bank credit card closure form.

100xGain Ratings:

7.5/10 

Pros and cons of the axis magnus credit card:

Pros

Cons

  • You will get a complimentary priority pass membership with this card.
  • There is a 15% discount at premium hotels.
  • There is also travel insurance coverage on this axis bank magnus card.       
  • The rate of earning rewards points is very good.
  • There are no movie benefits on this card.
  • There are no golf benefits on this card.

Final Opinion:

The axis bank magnus credit card is one of the most complete and premium credit cards available in the Indian market. It offers every possible offer to its customers.  Though the entry barrier and the fee are very high, the benefits offered by this card can easily justify it. So if you want to have a premium lifestyle and if you are ready to budget the axis bank magnus credit card fees then you should definitely go for this card. 

But this card offers nothing for golf lovers, so if you want to take a look at some other credit card options then take a look at the alternative card options given below. 

Alternative cards of the magnus axis bank credit card: 

  1. Axis bank signature credit card with lifestyle benefits (Best for lounge access and entertainment benefit) 
  2. IDFC First Bank Wealth credit card. (Best for reward point and lounge access) 
  3. PNB global gold credit card. (Best for hotel booking)
  4. UBI signature credit card. (Best for lounge access and dining)
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