✓ Verified Mar 2026Fees: T1Rewards: T1
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Axis Bank

Axis Bank Magnus Credit Card

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Annual Fee

₹12,500

Reward Type

Points

Forex

2%

Lounge

∞ dom · 8 intl

Full Spec Sheet

Multi-source Verified

Fees

Joining Fee₹12,500
Annual Fee₹12,500(waived ≥ ₹25,00,000)
Min Monthly Income₹2,00,000

Rewards

Reward TypePoints
Base Rate12%
Point Value₹0.5/point

Category Multipliers

travel edge6%

Redemption Values

miles₹0.4/pt

Milestones

Spend ₹1.5L in a calendar month35 EDGE points/₹200 (up from 12) (monthly)
Spend ₹15L+ in a year25,000 EDGE Miles bonus (annually)

Travel & Global

Forex Markup2%
Domestic LoungeUnlimited ✓
Intl. Lounge8 visits/yr
Lounge NetworkPriority Pass

India-Specific

Fuel Surcharge✓ 1% waiver

Similar Cards

Axis Bank Burgundy Private (98%) →Axis Bank Reserve (98%) →ICICI Emeralde Private (98%) →ICICI Sapphiro Revolution (98%) →IDFC FIRST Wealth Credit Card (98%) →
⚠️ Last devaluation: February 2025

💡 Fee Waiver Strategy

Spend ₹25 Lakhs in the preceding year to waive the annual fee of ₹12,500 + taxes.

⚖️ Breakeven Analysis

To recover the ₹12,500 annual fee at the base reward rate of 12%, you need to spend ₹1,04,167 annually.

🎯 Pro Tips

  • ▸Earn 12 EDGE Reward points per ₹200 on spends up to ₹1.50 Lakhs and 35 EDGE Reward points per ₹200 on incremental spends above ₹1.50 lakhs in a calendar month.
  • ▸5X Reward points on spends via Travel EDGE.
  • ▸Capped at 35 EDGE reward points on spends up to your assigned credit card limit + ₹1.50 Lakhs per calendar month.

📊 Spend Profile Simulator

Spend Profile Simulator

Net Annual Value

+₹59,500

Effective Rate

5.0%

Ranked #2 of 173 cards🏆 Top 10

₹12,500 annual fee deducted from gross rewards value.

🏷️ Best For

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