Axis Bank Magnus Credit Card, Rewards and Benefits, Joining Fees Charges, Apply Online

Amargyan April 8, 2024Last Updated: April 8, 2024

0 14 minutes read

Axis Bank Magnus Credit Card, Rewards and Benefits, Joining Fees Charges, Apply Online

Axis Bank Magnus Credit Card: HDFC Bank and Paytm, two giants in the financial and digital payment sectors, have joined forces to introduce a co-branded credit card offering, aiming to cater to the ever-evolving needs of modern consumers. This collaboration brings forth a card that seamlessly integrates the convenience of digital payments with the reliability of a trusted banking institution.

The HDFC Paytm co-branded credit card offers an array of benefits tailored to suit the lifestyle and spending patterns of contemporary individuals. With a focus on cashless transactions and digital convenience, this card is designed to simplify the payment experience while rewarding users for their spending habits.

One of the standout features of this co-branded offering is its robust rewards program, which provides users with attractive cashback incentives on various categories such as shopping, dining, entertainment, and utility bill payments. Additionally, cardholders can enjoy exclusive discounts and offers across a wide range of partner merchants, further enhancing the value proposition of the card.

Furthermore, the HDFC Paytm credit card incorporates advanced security features to safeguard against unauthorized transactions, giving users peace of mind when making purchases online or offline. With 24/7 customer support and access to comprehensive account management tools through the Paytm app, managing finances becomes hassle-free and convenient.

Overall, the HDFC Paytm co-branded credit card represents a synergistic collaboration between two industry leaders, combining HDFC Bank’s expertise in financial services with Paytm’s innovative digital payment solutions. Whether it’s earning rewards on everyday purchases or accessing exclusive benefits, this card is poised to redefine the way consumers experience banking and payments in the digital age.

Fees	Joining Fee-Rs. 12,500 + GST Renewal Fee- Rs. 12,500 + GST
Best Suited For	Movies \| Travel \| Dining \| Shopping
Reward Type	Reward Points
Welcome Benefits	Choose a gift voucher worth Rs. 12,500 from any one of Luxe, Yatra, or Postcard Hotels

Rewards and Benefits

Movie Magic:- With our exclusive partnership with BookMyShow, enjoy a delightful offer of up to Rs. 500 off on your next movie or non-movie ticket purchase. Revel in the cinematic experience and make memories that last a lifetime. What’s more, this offer can be availed up to five times a month, ensuring endless entertainment at your fingertips.
Culinary Delights:- Savor the flavors of gourmet cuisine with a tempting 20% discount at over 4,000 renowned restaurants across India under the Axis Bank Dining Delights program. From fine dining establishments to cozy cafes, embark on a culinary journey like never before and treat your palate to exquisite delights.
Rewarding Experience:- Earn rewards effortlessly with every swipe of your card. Get 12 Axis EDGE REWARDS Points for every Rs. 200 spent, and enjoy 5X EDGE REWARDS on travel expenses through TRAVEL EDGE. These rewards can be redeemed seamlessly on the EDGE REWARDS portal or transferred to partner airlines and hotels for unforgettable experiences.
Travel in Style:- Experience the epitome of luxury with complimentary international and domestic airport lounge access, ensuring a seamless and relaxing travel experience. Additionally, enjoy airport concierge services and exclusive discounts on stays at prestigious Oberoi Hotels, making every journey a memorable one.
Peace of Mind:- Rest easy knowing that your card offers comprehensive insurance benefits, including credit shield protection of Rs. 5 lakh in case of loss and purchase protection worth Rs. 2 lakh. With zero liability protection, you can enjoy worry-free transactions up to your card’s credit limit.
Unparalleled Lounge Access:- Enjoy unlimited free domestic airport lounge access, allowing you to unwind and recharge before your flight. For international travel, delight in unlimited complimentary lounge access for primary cardholders and up to 8 complimentary visits for guests every year with Priority Pass.

Fees & Charges

Spend-Based Waiver:- Enjoy the prestige of having your annual fee waived off upon reaching an expenditure milestone of Rs. 25 lakhs in the previous year. It’s our way of rewarding your loyalty and ensuring that you continue to enjoy the perks of membership without any additional cost.
Seamless Rewards Redemption:- Say goodbye to redemption fees! With the Axis Bank Prestige Card, you can redeem your rewards effortlessly, without any additional charges. Whether you’re treating yourself to luxury goods or planning your next getaway, accessing your rewards has never been easier.
Global Convenience with Minimal Markup:- Embark on international adventures with confidence, knowing that your Axis Bank Prestige Card offers a foreign currency markup of just 2% on transactions, plus GST. Experience seamless transactions worldwide while enjoying significant savings on currency conversions.
Competitive Interest Rates:- Benefit from competitive interest rates of just 3.0% per month, ensuring that you maintain financial flexibility while enjoying the perks of your prestigious card. With transparent and fair rates, you can manage your finances efficiently and responsibly.
Fuel Surcharge Waiver:- Hit the road with peace of mind knowing that you’ll enjoy a 1% fuel surcharge waiver at all fuel stations across India. Whether you’re commuting to work or embarking on a road trip, enjoy savings on every fuel purchase with your Axis Bank Prestige Card.
Hassle-Free Cash Advances:- Access cash when you need it most, without worrying about additional charges. With nil cash advance charges, the Axis Bank Prestige Card offers unparalleled convenience and flexibility, ensuring that you’re always prepared for life’s unexpected moments.
Complimentary Add-On Card:- Share the luxury with your loved ones with a complimentary add-on card, offering the same prestigious benefits and privileges. Extend the exclusivity of your Axis Bank Prestige Card to your family members and enjoy the ultimate in convenience and flexibility.

Product Details

Upon receiving your Axis Bank Magnus Card, you’ll be greeted with a generous welcome benefit of a gift voucher worth Rs. 12,500 from esteemed partners such as Luxe, Postcard Hotels, or Yatra. It’s our way of extending a warm welcome to the realm of luxury and convenience.
With every retail purchase, you’ll effortlessly accumulate Axis EDGE REWARDS Points, providing you with the opportunity to unlock a plethora of rewards. Earn 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases, up to Rs. 1.5 Lakhs. After exceeding this threshold, continue earning at a rate of 35 RPs per Rs. 200 spent. Additionally, indulge in travel with confidence, earning 60 Axis EDGE REWARDS Points for every Rs. 200 spent on the Travel Edge portal, up to Rs. 2 Lakhs, and 35 RPs per Rs. 200 thereafter.
Experience the epitome of luxury with unlimited domestic airport lounge access annually. Plus, enjoy unlimited complimentary international lounge visits each year with Priority Pass, ensuring your journeys are always accompanied by comfort and sophistication.
Unlock exclusive benefits such as discounted stays at Oberoi Hotels, making every getaway a memorable experience. For entertainment aficionados, enjoy buy-one-get-one offers and up to Rs. 500 off on the next BookMyShow ticket, available up to five times a month.
Savor the finest cuisines with Axis Bank Dining Delights, offering a 40% discount of up to Rs. 1,000 via Eazydiner at over 4,000 restaurants across India. Whether you’re craving local delicacies or international fare, your culinary desires are sure to be satisfied.
With the Axis Bank Magnus Card, enjoy unparalleled peace of mind with credit shield cover worth Rs. 5 lakh and purchase protection worth Rs. 2 lakh, safeguarding you against misuse and unforeseen circumstances. Additionally, benefit from medical concierge services, second medical opinions, preventive healthcare programs, and global travel and medical assistance, ensuring your well-being is always a top priority.
Experience convenience like never before with a lower interest rate of 2.5% per month, a foreign currency mark-up of 2%, and zero cash withdrawal fees. Plus, enjoy the convenience of 24×7 dedicated concierge service, assisting you with flight or hotel reservations, gift deliveries, and more.
Discover a world of luxury and convenience with the Axis Bank Magnus Card. Whether you’re traveling the globe or indulging in local experiences, unlock exclusive privileges and rewards that redefine the meaning of luxury living. Apply for your Axis Bank Magnus Card today and embark on a journey of unparalleled indulgence.

Pros/Cons

Pros:

Cash Withdrawal Freedom: Enjoy the freedom of cash withdrawals without worrying about any associated charges. With the Axis Bank Magnus Credit Card, access cash whenever you need it, hassle-free.
Unlimited Lounge Access: Elevate your travel experience with unlimited access to both international and domestic airport lounges. Relax in comfort and style before your flight, courtesy of the Magnus Credit Card.
Movie and Dining Delights: Treat yourself to the ultimate entertainment and culinary experiences with exclusive offers on movies and dining. Enjoy “BOGO” (Buy One Get One) deals on movie tickets and enticing discounts at top-notch restaurants, making every outing a memorable one.

Cons:

High Income Requirement: The eligibility criteria for the Axis Bank Magnus Credit Card include a substantial annual income of Rs. 24 lakhs. While this ensures exclusive access to premium benefits, it may pose a barrier for some individuals.
Absence of Golf Benefits: Unlike some other premium cards, the Axis Bank Magnus Credit Card does not offer golfing privileges. Golf enthusiasts may find this absence disappointing if they value such benefits.
Total Relationship Value Maintenance: To qualify for the New Magnus Card for Burgundy, customers must maintain the Total Relationship Value associated with their account. While this underscores the exclusivity of the card, it requires consistent financial management to uphold the eligibility criteria.

Axis Bank Magnus Credit Card Features and Benefits

The Axis Bank Magnus Credit Card stands as a pinnacle of premium offerings, catering to discerning individuals seeking unparalleled benefits across various spheres, from travel to rewards and beyond.

A Warm Welcome Awaits

As you embark on your journey with the Magnus Credit Card, revel in a choice of welcome benefits. Opt for a lavish Rs. 12,500 worth gift voucher from select partners including Luxe, Postcard Hotels, or Yatra, setting the tone for indulgence from the very beginning.

Jet-Set with Confidence

Travel in style with exclusive lounge access privileges. Enjoy unlimited access to domestic lounges at select airports across India, ensuring a seamless and comfortable pre-flight experience for both primary and supplementary cardholders. Additionally, elevate your international travels with unlimited complimentary access to airport lounges worldwide through the Priority Pass program. Plus, delight in up to 8 complimentary guest visits per year, allowing you to share the luxury with your loved ones.

VIP Treatment Awaits

Experience the epitome of luxury with our airport concierge and VIP meet & greet services. Benefit from 8 complimentary VIP assistance services, guiding you through airport processes with ease and efficiency. Whether it’s check-in procedures, security checks, immigration processes, or porter services, rest assured you’ll receive the utmost care and attention at every step of your journey.

Indulge in Entertainment and Dining

Entertainment enthusiasts can rejoice with our exclusive BookMyShow benefit, offering Rs. 500 off on the next ticket when you purchase one movie or non-movie ticket. With the flexibility to avail this discount up to 5 times a month, you can enjoy your favorite cinematic experiences without compromise.

Savor the finest cuisines with our Dining Delights Program, where you can relish up to 40% off at partner restaurants, with a maximum discount of Rs. 1000. Additionally, celebrate your special occasions with our Birthday Offer, granting you a remarkable 50% off at select partner restaurants, up to Rs. 3000.

Elevate Your Lifestyle with Axis Bank Magnus Credit Card

Experience luxury redefined with the Axis Bank Magnus Credit Card. Whether you’re jetting off to exotic destinations or indulging in local experiences, unlock a world of exclusive privileges and rewards that cater to your every need and desire. Apply for your Axis Bank Magnus Credit Card today and step into a realm of unparalleled indulgence and sophistication.

Insurance Benefits:

Category	Insurance Coverage
Credit shield	Rs. 5 lakhs
Credit liability	Up to the card limit
Lost/delayed baggage	€

24×7 Personal Assistance at Your Fingertips

Experience unparalleled convenience with our dedicated concierge service, available round the clock for all your needs. Simply dial 1800 103 4962 to access a world of assistance, from booking flights and reserving tables at your favorite restaurants to securing tickets to exclusive events and shows. Need to send a thoughtful gift? Our concierge service has you covered. Whatever you require, we’re here to make it happen.

Say Goodbye to Fuel Surcharge

Enjoy smooth fuel transactions without the added surcharge burden. With our fuel surcharge waiver, you’ll have 1% of the surcharge waived off for transactions ranging between Rs. 400 and Rs. 4,000 at fuel stations across India. Plus, benefit from a maximum waiver of Rs. 400 per month. Rest assured, while you save on surcharges, you won’t miss out on earning reward points, even on fuel spends where the surcharge is waived.

Spend More, Save More

We believe in rewarding your loyalty. That’s why we waive off the annual membership fee of your card when you spend Rs. 25 lakhs in the preceding anniversary year. It’s our way of showing appreciation for your continued support. Please note that this threshold excludes wallet reloads and rent transactions, ensuring that your everyday expenses contribute towards unlocking this valuable benefit.

Unlock Exclusive Privileges Today

Experience the convenience and savings that come with the Axis Bank Magnus Credit Card. With our personalized assistance, fuel surcharge waiver, and spends-based fee waiver, you’ll enjoy a seamless and rewarding experience every step of the way. Apply for your Axis Bank Magnus Credit Card now and elevate your lifestyle with exclusive privileges tailored to your needs.

Unlock Exceptional Rewards with Axis Bank Magnus Credit Card

Experience the pinnacle of rewards and privileges with the Axis Bank Magnus Credit Card, designed to elevate your lifestyle and cater to your every need. From exclusive rewards to seamless redemption options, this card offers a world of benefits that redefine luxury.

Reward Points Galore

With the Axis Bank Magnus Credit Card, earning reward points is effortless. Earn 12 EDGE Reward Points for every INR 200 spent on cumulative monthly spends up to Rs. 1.5 Lakhs. Beyond this threshold, enjoy 35 EDGE Reward Points per Rs. 200 spent. Additionally, indulge in travel with 60 EDGE Reward Points for every Rs. 200 spent on the Travel Edge portal, up to cumulative transactions of Rs. 2 Lakhs per month, with 35 EDGE Reward Points thereafter.

Exciting Bonus Rewards

Maximize your rewards with accelerated points on select purchases. Enjoy up to 5x Reward Points on transactions made through the Axis Bank Grab Deals website and Gyftr portal, with maximum cashback limits ensuring you get the most out of every spend.

Fuel Surcharge Waiver

Say goodbye to fuel surcharges with our exclusive waiver. Enjoy 1% off on fuel transactions ranging from Rs. 400 to Rs. 4,000 at fuel stations nationwide, with a maximum waiver of Rs. 400 per month.

Spend-Based Fee Waiver

Seamless Redemption Options

Redeem your accumulated EDGE Reward Points for a wide array of rewards, including instant vouchers, gifts, gadgets, and fashion accessories, through our easy-to-use redemption portal. Additionally, transfer your EDGE Reward Points to partner airlines and hotels loyalty programs, offering you even more flexibility and value.

Upgrade to New Magnus Credit Card for Burgundy

For our esteemed Burgundy account holders, we offer an exclusive upgrade to the New Magnus Credit Card for Burgundy, with enhanced rewards and benefits. Earn four partner miles for every five EDGE Reward Points, along with the opportunity to accumulate up to 10 Lakh EDGE Reward Points.

Apply Today for Unmatched Rewards

Discover the unmatched rewards and privileges that come with the Axis Bank Magnus Credit Card. Whether you’re a frequent traveler, a savvy shopper, or someone who simply appreciates the finer things in life, this card is designed to exceed your expectations. Apply now and embark on a journey of luxury and rewards like never before.

Category	Axis Bank Magnus	HDFC Infinia	HDFC Diners Club Black	Magnus Credit Card for Burgundy
Rewards Rate	12 EDGE Reward Points per Rs. 200 spend.5x EDGE Reward Points on the TravelEdge portal.	5 Reward Points per Rs. 150 spent.Accelerated Reward Points on bus/flight/ hotel bookings, railway ticket booking, and Flipkart purchases via SmartBuy.	5 Reward Points per every Rs. 150 spent10X Reward Points via SmartBuy and around 2x on weekend dining.	12 EDGE Reward Points per Rs. 200 spend. 5x EDGE Reward Points on the TravelEdge portal.
Reward Redemption	EDGE Reward points can be redeemed against shopping vouchers and products.	1 Reward Point = 1 Rs. to redeem against hotel/flight bookings through SmartBuy. 1 Reward Point = 1 Rs. to redeem against Tanishq or Apple through SmartBuy. Only 70% of the payment can be through RPs, and you have to pay the rest of the amount using your credit card.	1 Reward Point = 1 Rs. to redeem against hotel/flight bookings1 Reward Point = Rs. 0.5 to redeem against product purchases from the HDFC catalogue.Only 70% of the payment can be through RPs, and you have to pay the rest of the amount using your credit card.	EDGE Reward points can be redeemed against shopping vouchers and products.
Welcome and Renewal Benefit	Rs. 12,500 worth of gift vouchers from Postcard Hotels, Luxe, or Yatra.	12,500 Reward Points on payment of the membership or renewal fee.	Complimentary annual membership of Forbes, Club Marriott, Swiggy One, and MMT Black.	Welcome benefits worth Rs. 12,500 from Luxe, Yatra and PostCard Hotels.
Milestone Benefits	A Bonus of 25000 EDGE Reward Points on reaching a spending milestone of Rs. 1 Lakh in a month.	NA	cult.fit 1-month membership or Tata Cliq, BookMyShow, or Ola cabs Rs. 500 vouchers on a monthly spend of Rs. 80,000	NA
Joining Fee	Rs. 12,500 + GST	Rs. 12,500 + GST	Rs. 10,000 + GST	Rs. 30,000 + GST
Eligibility	Minimum income of Rs. 18 Lakhs per year	By Invite Only	Minimum income of Rs. 1.25 Lakhs per month for salaried employees and minimum income of Rs. 21 Lakhs per year for self-employed people.	Burgundy account holders who meet the “Total Relationship Value”

Axis Bank Magnus Credit Card: Unlock Premium Benefits and Prestige

In the realm of super-premium credit cards, the Axis Bank Magnus Credit Card stands tall, offering an array of exclusive benefits tailored for those who appreciate luxury and convenience. Let’s delve into the fees, eligibility criteria, application process, and a comprehensive review of this esteemed card.

Fees and Charges: Experience Luxury, Minus the Hassle

The Axis Magnus Credit Card entails a joining and annual fee of Rs. 12,500. However, this fee is waived off upon spending Rs. 25 lakhs or more in the previous year, making it an attractive proposition for those who make substantial transactions. For existing cardholders who acquired the card before September 1st, 2023, the fee remains at Rs. 10,000 plus taxes. Enjoy the benefits of this premium card without the burden of renewal fees, provided you meet the spending threshold.

Interest Rate and Foreign Currency Markup: Seamlessly Navigate Global Transactions

With an interest rate of 3.0% per month (equivalent to 42.58% annually), the Axis Magnus Credit Card ensures financial flexibility without compromising on convenience. Additionally, the 2% foreign currency markup fee facilitates seamless international transactions, allowing you to indulge in global experiences effortlessly.

Cash Advance: Convenience at Your Fingertips

Experience the freedom of cash withdrawals without worrying about cash advance fees. The Magnus credit card offers zero cash advance fees, ensuring that you have access to funds whenever you need them.

Eligibility Criteria: Access Luxury with Ease

To qualify for the Axis Magnus Credit Card, applicants must meet specific eligibility criteria:

Primary cardholders must be between 21 and 70 years old, while add-on cardholders must be over 18 years old.
The minimum annual income requirement for both salaried and self-employed individuals is Rs. 18 lakhs.
Applicants with a credit limit of Rs. 3 lakhs or more on an Axis Bank or any other bank credit card are eligible to apply for the Magnus credit card.

Application Process: Effortless Access to Luxury

Applying for the Axis Magnus Credit Card is simple and convenient. Whether you prefer online or offline channels, Axis Bank ensures a hassle-free application process. Visit your nearest Axis Bank branch with the required documents for offline applications, or apply online for added convenience.

Customer Care: Support at Your Service

For any queries or assistance regarding the Magnus Credit Card, Axis Bank’s dedicated customer care team is available round the clock. Simply dial Axis Bank’s retail phone banking numbers or contact the 24×7 helpline to address any concerns or queries promptly.

Review: Elevate Your Lifestyle with Axis Magnus Credit Card

In conclusion, the Axis Magnus Credit Card offers unparalleled benefits for discerning individuals who seek a premium lifestyle. From exclusive travel perks and dining privileges to low-interest rates and superior medical benefits, this card caters to every aspect of luxury living. While comparable to HDFC’s Infinia and ICICI’s Emeralde cards, the Axis Magnus Credit Card sets itself apart with its comprehensive benefits and additional medical perks. Share your experiences and insights in the comments below, and let us know how you believe it stacks up against the competition.