Axis Magnus Credit Card Review 2026

EDGE Reward Points Earn Structure - EARN RATE ON RETAIL SPENDS (per calendar month): • Tier 1: 12 EDGE Reward Points per ₹200 on all eligible retail spends up to ₹1,50,000 in a calendar month • Tier 2: 35 EDGE Reward Points per ₹200 on all eligible retail spends above ₹1,50,000 in a calendar month (incremental) TRAVEL EDGE PORTAL EARN: • 60 EDGE Reward Points per ₹200 on travel bookings (flights, hotels) made via the Axis Travel EDGE portal — applicable on up to ₹2,00,000 in portal spend per month • Above ₹2,00,000 portal spend: earn 35 EDGE RP per ₹200 EXCLUDED CATEGORIES (earn ZERO EDGE RP): Wallet loads, rent payments, insurance premiums, utility bill payments, government and tax payments, fuel transactions, EMI transactions, cash advances, fees and charges, and any other merchant categories designated by Axis Bank from time to time. EDGE RP Redemption Value - 1 EDGE Reward Point = ₹0.20 when redeemed for vouchers, gift cards, or merchandise via the Axis Bank EDGE Rewards catalogue. Transfer to partner airline and hotel loyalty programmes: 5 EDGE Reward Points = 2 partner miles or points (5:2 ratio). This ratio applies to the standard Axis Magnus Credit Card (non-Burgundy variant) effective April 2026. Previously, the ratio was 5:4 — this change was implemented without adequate advance notice and represents a significant devaluation. Annual transfer cap: 10 lakh EDGE Reward Points per account per year. Points do not expire as long as the card account is active. Travel EDGE Transfer Partners (Post April 2026) - Current active transfer partners on the Axis Travel EDGE platform as of June 2026: AIRLINES: • Singapore Airlines KrisFlyer • British Airways Executive Club (Avios) • Emirates Skywards • Air India Flying Returns • Finnair Plus • Vietnam Airlines Lotusmiles (Additional airline partners may be listed on the Axis Travel EDGE portal — verify at time of transfer) HOTELS: • IHG One Rewards REMOVED EFFECTIVE APRIL 2026 (previously available): • Accor Live Limitless (ALL) — was approximately ₹2.20/point in hotel value • Marriott Bonvoy — was a top hotel redemption option • Qatar Airways Privilege Club — was a top international flight redemption option Axis Bank may add or remove partners at any time with prior notice. Verify the current partner list on the Axis Travel EDGE portal before initiating any transfer. Domestic Lounge Access - Unlimited complimentary domestic airport lounge access for primary and add-on cardholders — subject to spending ₹50,000 on the Axis Magnus card in the preceding 3 calendar months. If the ₹50,000 quarterly spend condition is not met, domestic lounge access is not available for that quarter. Access at select domestic airports — Axis Bank maintains an approved lounge list on its website that is updated periodically. Not all terminals at every airport may be included. Guests are not complimentary under the domestic lounge benefit. International Lounge + Guest Visits - Unlimited international airport lounge access for the primary cardholder via Priority Pass membership — unconditional, no spend requirement. 4 complimentary guest lounge visits per year via Priority Pass (reduced from 8 effective 2024). Guest visits are shared across all lounges in a calendar year — once 4 are used, further guest visits are charged at the prevailing Priority Pass rate. Priority Pass covers 1,400+ lounges in 600+ cities globally. International lounges within India accessed via this benefit are charged per the Priority Pass fee structure above the guest visit allowance. Fees & Charges - Joining fee: ₹12,500 + GST. Annual renewal fee: ₹12,500 + GST. Annual fee waiver: waived on spending ₹25,00,000 in the preceding card anniversary year. Finance charge: 3% per month (36% per annum) — lower than industry standard of 3.5%/month. Forex markup: 2% on all international transactions. Cash advance fee: ₹0 (zero). Interest at 3%/month applies from day of withdrawal. Fuel surcharge waiver: 1% on ₹400–₹4,000 transactions; maximum ₹400/cycle. Welcome Benefit - Choose one welcome benefit on making the first transaction within 30 days of card activation: • Luxe Gift Card worth ₹12,500 (premium brand vouchers) • Postcard Hotels gift voucher worth ₹12,500 • Yatra travel voucher worth ₹12,500 (flights/hotels) Only one benefit may be selected. Selection is final and cannot be changed. Historical Devaluation Disclosure (Reader Advisory) - IMPORTANT: Axis Magnus Credit Card has undergone two significant devaluations that every prospective applicant should be aware of: APRIL 2024 DEVALUATION: • Milestone benefit of 25,000 bonus RP per ₹1L monthly spend removed • Insurance premiums and utility bill payments removed from eligible RP earn categories • Guest lounge visits reduced from 8 to 4 per year • Domestic lounge access made spend-conditional (₹50,000 quarterly requirement) APRIL 2026 DEVALUATION: • Transfer ratio for non-Burgundy Magnus reduced from 5:4 to 5:2 — effectively halving the miles value per EDGE RP • Accor ALL, Marriott Bonvoy, and Qatar Airways Privilege Club removed from Travel EDGE platform • New partners (British Airways, Finnair, Vietnam Airlines) added — offer lower value than removed partners Card24.ai recommends factoring these changes into any application decision. The card's current value is significantly lower than reviews published before April 2026 suggest. Amendment - Axis Bank reserves the right to modify, add, or withdraw any features, benefits, fees, and terms of the Magnus Credit Card at any time. Axis Bank's MITC requires at least 30 days of prior notice before changing benefits — the April 2026 devaluation was communicated with notice. Visit axisbank.com/magnus for the latest MITC and the current Travel EDGE partner list.