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Axis Bank

Axis Magnus

VisaUltra-PremiumPoints
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Annual Fee

₹12,500

Reward Type

Points

Forex

2%

Lounge

∞ dom · 999 intl

Full Spec Sheet

Normalized · Verified

Fees

Joining Fee₹12,500
Annual Fee₹12,500(waived ≥ ₹25,00,000)
Min Monthly Income₹2,50,000

Rewards

Reward TypePoints
Base Rate1.2%
Point Value₹0.2/point

Category Multipliers

travel edge6%

Redemption Values

miles₹0.4/pt

Travel & Global

Forex Markup2%
Domestic LoungeUnlimited ✓
Intl. Lounge999 visits/yr
Lounge NetworkPriority Pass
Lounge Spend Req.₹50,000 Quarterly

India-Specific

Fuel Surcharge✓ 1% waiver

Similar Cards

ICICI Emeralde Private (100%) →Axis Magnus for Burgundy (100%) →HDFC Infinia Metal (99%) →HDFC Diners Club Black (99%) →Yes Marquee (99%) →
⚠️ Last devaluation: February 2025

💡 Fee Waiver Strategy

Hard to waive (₹25L spend).

⚖️ Breakeven Analysis

To recover the ₹12,500 annual fee at the base reward rate of 1.2%, you need to spend ₹10,41,667 annually.

🎯 Pro Tips

  • ▸Devalued Apr 2024 (earn rate cut) and Feb 2025 (EDGE Miles redemption ratio reduced 30%). Reassess vs HDFC Infinia.
  • ▸⚠️ Feb 2025: Air India transfer ratio reduced from 1:2 to 1:1.5 EDGE Miles. International redemption value has dropped significantly.

🏷️ Best For

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