Axis Bank Magnus Credit Card is a premium credit card offered by Axis Bank, one of the leading private sector banks in India. Axis Bank Magnus Credit Card is designed to cater to the sophisticated lifestyle and spending habits of high net worth individuals.
With a range of exclusive benefits, rewards, and privileges, the Axis Bank Magnus Credit Card is a preferred choice for those seeking luxury and convenience. The card provides various features such as complimentary lounge access, concierge services, travel and dining benefits, and much more.
Its unique and tailored offerings make it stand out in the market, making it a perfect fit for individuals seeking a premium experience.
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| Joining fee | Rs.999 |
| Annual fee | Rs.999 |
| Best suited for | Lifestyle, movie spends |
| Best features | 5% cashback on movie tickets
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| Reward points | 25,000 EDGE REWARDS Points worth Rs. 5,000 on monthly spends of Rs. 1Lakh. · 5X EDGE REWARDS on travel spends via TRAVEL EDGE. |
| Cashback | nil |
| Yoindi rating | 4/5 |
| Annual Fees | Rs. 10,000 |
| Finance Charges | 2.5% per month |
| Fees for Cash Withdrawals | Not Applicable |
| Overlimit charges | 2.50% of the amount over the limit or Rs. 500, whichever is higher |
| Late Payment Fees | Ranges from Rs. 300 to Rs. 600 depending on the total unpaid outstanding amount |
| Fees for Foreign Transactions | 2% of the amount |
To apply for the Magnus Axis Credit Card, the applicant must meet the following eligibility criteria: be a resident of India, be between 18 and 70 years of age, and have an annual income of Rs. 18 lakhs or above. The applicant can be either salaried or self-employed and must provide proof of income.
| Type of documents | Documents accepted |
|---|---|
| Address Proof | Ration Card Passport Voter ID Aadhaar card |
| Proof of Identity | Passport Aadhaar card Driving License |
| Proof of Income | Salary Slip IT Returns Form 16 |
To check the status of your Axis Bank Magnus Credit Card application, you can follow the below steps:
Alternatively, you can also check the status of your Axis Bank Magnus Credit Card application by calling the Axis Bank customer care service at 1860-419-5555 or 1860-500-5555. They will assist you in tracking your application and provide you with the necessary information.
Axis Bank Magnus Credit Card comes with several advantages that cater to the needs of high net worth individuals. Here are some of the benefits of this credit card:
1. Welcome Benefit: You can earn up to 25,000 reward points as a welcome benefit upon activation of the card.
2. Reward Points: You can earn 10 reward points for every Rs. 200 spent on domestic transactions and 20 reward points for every Rs. 200 spent on international transactions. These reward points can be redeemed for a range of benefits like shopping vouchers, air miles, etc.
3. Lounge Access: You can enjoy complimentary access to over 25 domestic and international lounges across airports in India and abroad.
4. Concierge Services: You can avail of personalized concierge services, which can assist you in booking travel tickets, hotel stays, and more.
5. Golf Privileges: You can enjoy complimentary access to some of the best golf courses in India.
6. Travel Benefits: You can enjoy travel insurance, complimentary priority pass membership, and discounts on hotels and car rentals.
7. Dining Benefits: You can enjoy exclusive dining benefits such as discounts on partner restaurants, complimentary meals, and more.
8. Fuel Surcharge Waiver: You can enjoy a fuel surcharge waiver of 1% on fuel transactions up to Rs. 4,000 per month.
Overall, Axis Bank Magnus Credit Card offers a host of benefits, making it an ideal choice for individuals who prefer luxury and convenience
While Axis Bank Magnus Credit Card offers many benefits, there are some drawbacks that you should consider before applying for this credit card:
1. High Annual Fee: The annual fee for the Axis Bank Magnus Credit Card is significantly high. This may not be affordable for all individuals, especially those who do not require the premium benefits offered by the card.
2. Minimum Spend Requirement: The card has a minimum spend requirement to earn rewards, which can be challenging for some individuals.
3. Limited Lounge Access: Although the card offers complimentary lounge access, the number of lounges available for this card is limited compared to other premium credit cards in the market.
4. Limited Acceptance: Some merchants may not accept the Axis Bank Magnus Credit Card due to its premium nature. This could be inconvenient for cardholders who may need to use their credit card for daily transactions.
5. High-Interest Rates: The card comes with a high-interest rate, which can lead to a significant amount of debt if the balance is not paid off in full each month.
Overall, while the Axis Bank Magnus Credit Card offers many benefits, it may not be suitable for everyone, especially those who cannot afford the high annual fee or do not require the premium features of the card.
The Axis Bank Magnus Credit Card is designed for individuals who have a high net worth and prefer luxury and convenience. Here are some of the individuals who may benefit from this credit card:
1. Frequent Travelers: The card offers several travel benefits such as complimentary lounge access, travel insurance, and discounts on hotels and car rentals. This makes it an ideal choice for individuals who travel frequently for business or leisure.
2. Golf Enthusiasts: The card offers complimentary access to some of the best golf courses in India, making it an excellent choice for individuals who enjoy playing golf.
3. Dining Connoisseurs: The card offers exclusive dining benefits such as discounts on partner restaurants, complimentary meals, and more, making it an ideal choice for individuals who enjoy fine dining.
4. High Net Worth Individuals: The card is designed for individuals who have a high net worth and can afford the high annual fee. It offers a range of benefits and privileges that cater to their sophisticated lifestyle and spending habits.
5. Luxury Seekers: The card offers a range of benefits such as personalized concierge services, exclusive travel benefits, and much more, making it an ideal choice for individuals who seek luxury and convenience.
Overall, the Axis Bank Magnus Credit Card is an excellent choice for individuals who prefer luxury and convenience and can afford the high annual fee. If you are a frequent traveler, golf enthusiast, dining connoisseur, high net worth individual, or luxury seeker, this credit card could be a perfect fit for you.
| Details | Monthly Benefit (Rs.) | Annual Benefit (Rs.) |
|---|---|---|
| SonyLiv Activation Benefit | 999 | |
| Movie spends at Paytm | 200 | 2400 |
| Food ordering at Swiggy | 480 | 5760 |
| Online shopping at AJIO | 2400 | |
| Fuel Spends3 | 30 | 360 |
| Domestic Airport Lounge Access4 | 2000 | |
| SonyLiv Renewal Benefit | 999 | |
| EDGE Rewards | 150 | 1800 |
| Total Benefits (Year1) | 15719 | |
| Total Benefit (Year2 onwards) | 15719 | |
| Annual benefits as a percentage of spends* | 0.105 |
If you have any queries or issues related to your Axis Bank Magnus Credit Card, you can reach out to the Axis Bank customer care service in the following ways:
The customer care service is available 24×7 to assist you with your queries and concerns related to your Axis Bank Magnus Credit Card. Whether you have a query about your reward points, lounge access, or any other credit card-related issue, the customer care executives will assist you in resolving your queries and providing the necessary information.
You can activate your Axis Bank Magnus Credit Card by following these simple steps:
Download the Axis Bank mobile app on your smartphone from the App Store or Google Play Store.
Register your credit card on the mobile app by entering the necessary details such as the credit card number, expiry date, and CVV.
Once you have registered your credit card on the app, go to the “Services” section and select “Activate Debit/ Credit Card”.
Follow the instructions on the screen to complete the activation process. You may be required to enter an OTP or a One Time Password to verify your identity.
Once the activation process is complete, your Axis Bank Magnus Credit Card will be ready to use.
Alternatively, you can also activate your credit card by calling the Axis Bank customer care service at 1860-419-5555 or 1860-500-5555 from your registered mobile number. The customer care executive will guide you through the activation process and provide you with the necessary information.
It is important to activate your Axis Bank Magnus Credit Card as soon as you receive it to ensure that it is secure and ready to use
Yes, the Axis Bank Magnus Credit Card is a metal credit card. It is made of metal and has a distinctive look and feel that sets it apart from other credit cards. The card is designed to provide a premium and luxurious experience to its users, and the metal construction adds to the overall aesthetics of the card.
The metal construction also makes the card more durable and long-lasting, providing an added layer of security and protection. The Axis Bank Magnus Credit Card is an excellent choice for individuals who seek luxury and convenience and can afford the high annual fee.
Whether or not the Axis Bank Magnus Credit Card is worth it depends on your individual spending habits, lifestyle, and financial goals. The Axis Bank Magnus Credit Card is designed for high net worth individuals who seek luxury and convenience. It offers a range of benefits and privileges, such as complimentary airport lounge access, golfing privileges, exclusive dining benefits, travel benefits, and more. The card also comes with a high annual fee.
If you are someone who enjoys fine dining, travels frequently, plays golf, and values personalized services, the Axis Bank Magnus Credit Card can provide you with a premium experience. However, if you do not use the card’s benefits frequently or do not value the premium services it offers, the high annual fee may not be worth it for you.
Ultimately, it is important to evaluate your spending habits, lifestyle, and financial goals before deciding whether the Axis Bank Magnus Credit Card is worth it for you. You may also want to compare the card with other premium credit cards in the market to determine which one offers the best value for your needs
Axis Bank Magnus Credit Card does not offer a lifetime free option. The card comes with a high annual fee and is designed for high net worth individuals who seek luxury and convenience. However, the annual fee can be waived off if you spend a certain amount on the card in a year.
To get the annual fee waived off, you will need to spend a certain amount on the card in a year, as specified by the bank. The bank may also offer promotions and offers from time to time, where you can get the annual fee waived off or earn cashback or reward points for your spending.
It is important to note that the spending requirements for getting the annual fee waived off are usually high, and it may not be feasible for everyone. Before applying for the Axis Bank Magnus Credit Card, you should carefully evaluate your spending habits, lifestyle, and financial goals to determine if the card is right for you. You may also want to compare the card with other premium credit cards in the market to determine which one offers the best value for your needs.
