RewardMatrix

Axis Magnus

The Axis Magnus credit card is a premium travel card offering a high reward rate, lounge access, and travel benefits. Recent devaluations have reduced some perks, impacting its overall value proposition.

Axis Magnus

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Intro Offer

Gift voucher worth ₹12,500 from Luxe, Yatra, or Postcard Hotels.

Annual Fees

₹12500

Joining Fees

₹12500

Reward Rate

6.00 - 30.00 %

RewardMatrix Rating

4.0

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Who should get this card

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Card Overview

The Axis Magnus credit card is designed for high-spending individuals who value travel benefits. It offers a competitive rewards program, earning 12 EDGE reward points for every ₹200 spent, which increases to 35 points per ₹200 for monthly spends above ₹1.5 Lakh. The card also provides access to airport lounges and discounts on travel bookings. However, the card has undergone devaluations, including changes to the milestone bonus and removal of certain perks like airport meet-and-greet services and Buy One Get One movie offers. These changes, along with a relatively high annual fee and restrictions on reward redemption for certain partner groups, have diminished the card's overall attractiveness. Despite the drawbacks, the Magnus card can still be valuable for high spenders who can maximize the accelerated rewards and utilize the lounge access benefits. However, it's crucial to consider the revised features and compare them with other premium cards before applying.

Intro Offers

Gift voucher worth ₹12,500 from Luxe, Yatra, or Postcard Hotels.

Condition: First transaction within 30 days of card issuance.

Fees

Annual Fee

₹12.5K

Waived off after spending ₹25L

Joining Fee

₹12.5K

Forex Fee

Eligibility

#1
Age
Between 21 and 70 years for primary cardholders; above 18 for add-on cardholders.
#2
Income
Minimum annual income of ₹24 lakh.
#3
Existing Credit Limit
Existing credit limit of ₹3 lakh or more on any credit card.

Reward Points

30%

Total spend on Axis Travel Edge Portal in a month

60.00 Edge Reward Points for every ₹200 spent

Total retail spend in a month

12.00 Edge Reward Points for every ₹200 spent

Examples:

Spending Rs. 1,00,000 on retail purchases earns 6,000 Edge Reward Points.
Spending Rs. 2,00,000 on retail purchases earns 16,250 Edge Reward Points (9,000 for the first Rs. 1,50,000 and 7,250 for the remaining Rs. 50,000).
Spending Rs. 1,50,000 on Axis Travel Edge Portal earns 45,000 Edge Reward Points.
Spending Rs. 2,50,000 on Axis Travel Edge Portal earns 62,500 Edge Reward Points (60,000 for the first Rs. 2,00,000 and 2,500 for the remaining Rs. 50,000).

Exclusions:

Excluded Transactions

Wallet reloads/payments

EMI spends

Fuel

Insurance

Gold and Jewellery

Spends on utilities and government institutions

Refunded/reversed/canceled transactions

Cash withdrawals

Milestones

No milestones available for this card.

Redemptions

AIRLINE PARTNERS

List of conversion options of airline partners.
Airline Partner	Conversion Rate	Multiplier
Air Canada	5 EDGE Reward Points = 2 Partner Miles/Points	x0.4
Ethiopian Airlines	5 EDGE Reward Points = 2 Partner Miles/Points	x0.4
Etihad Airways	5 EDGE Reward Points = 2 Partner Miles/Points	x0.4
Japan Airlines	5 EDGE Reward Points = 2 Partner Miles	x0.4
Qatar Airways	5 EDGE Reward Points = 2 Partner Miles	x0.4
Singapore Airlines	5 EDGE Reward Points = 2 Partner Miles	x0.4
Turkish Airlines	5 EDGE Reward Points = 2 Partner Miles	x0.4
United Airlines	5 EDGE Reward Points = 2 Partner Miles	x0.4
Air France-KLM	5 EDGE Reward Points = 2 Partner Miles	x0.4
Air India	5 EDGE Reward Points = 2 Partner Miles	x0.4
AirAsia	5 EDGE Reward Points = 2 BIG Points	x0.4
Qantas Airways	5 EDGE Reward Points = 2 Partner Miles/Points	x0.4
SpiceJet	5 EDGE Reward Points = 2 Partner Miles/Points	x0.4
Vistara	5 EDGE Reward Points = 2 CV Points	x0.4
Thai Airways	5 EDGE Reward Points = 2 Royal Orchid Plus Miles	x0.4

HOTEL PARTNERS

List of conversion options of hotel partners.
Hotel Partner	Conversion Rate	Multiplier
Accor Hotels	5 EDGE Reward Points = 2 ALL - Accor Live Limitless Points	x0.4
Marriott International	5 EDGE Reward Points = 2 Marriott Bonvoy Points	x0.4
Wyndham Hotels	5 EDGE Reward Points = 2 Wyndham Rewards Points	x0.4
IHG Hotels & Resorts	5 EDGE Reward Points = 2 IHG One Rewards Points	x0.4
ITC Hotels	5 EDGE Reward Points = 2 Club ITC Green Points	x0.4

GIFT VOUCHERS

List of conversion options of gift voucher merchants.
Partner Brand	Conversion Rate	Multiplier
Various Brands	1 EDGE Reward Point = ₹0.20	x0.2

Rewards Calculator

ON MONTHLY SPEND

Reset

70KYour monthly expenditure

Total retail spend in a month (₹)

6.00% rewards

Total spend on Axis Travel Edge Portal in a month (₹)

30.00% rewards

REWARD POINTS EARNED

0 Edge Reward Points earned per year

POINT REDEMPTION OPTIONS

0 Airline miles

0 Hotel points

0 Worth of gift vouchers

Lounge Access

Domestic

Unlimited domestic lounge access.

Condition: Spend ₹50,000 in the previous quarter.

International

Unlimited international lounge access via Priority Pass.

Discounts

Dining

Up to 40% off at partner restaurants (up to ₹1,000) via Eazydiner.

Fuel

1% fuel surcharge waiver.

Conditions:

Transactions between ₹400 and ₹4,000.
Maximum waiver of ₹400 per month.

Movie

No Movie discounts on this card

Insurance Coverage

INR

Credit Shield

INR

Purchase Protection

USD

500

Lost/Delayed Baggage

Other Features

Fraud Protection

Lost card liability up to the credit limit.

Pros & Cons

PROS

High Reward Rate
Earn up to 35 EDGE reward points per ₹200 spent for high monthly spends.
Lounge Access
Unlimited domestic and international lounge access (with conditions).
Travel Discounts
Discounts on stays at Oberoi and Trident Hotels.

CONS

Devalued Benefits
Several benefits have been removed or modified, reducing overall value.
High Annual Fee
₹12,500 annual fee can be a barrier for some.
Reward Redemption Restrictions
Limitations on transferring reward points to certain partner groups.

Who should get this card

This card is suitable for high-spending individuals (over ₹1.5 lakh per month) who travel frequently and can utilize the lounge access benefits. It's essential to be comfortable with the high annual fee and the limitations on reward redemption with certain partners.