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

Axis Bank Reserve Credit Card: HDFC Bank and Paytm have collaborated to introduce a co-branded credit card offering tailored to meet the evolving needs of modern consumers. This partnership brings together HDFC Bank’s extensive banking expertise with Paytm’s innovative digital payment solutions, resulting in a card that seamlessly integrates convenience and rewards.

The HDFC Paytm co-branded credit card offers an enticing rewards program, providing users with attractive cashback incentives on various spending categories, including shopping, dining, entertainment, and utility bill payments. Additionally, cardholders can enjoy exclusive discounts and offers across a wide range of partner merchants, enhancing the overall value proposition of the card.

One of the key highlights of this co-branded offering is its focus on digital convenience, empowering users to make cashless transactions seamlessly. With advanced security features and round-the-clock customer support, cardholders can enjoy peace of mind when making purchases online or offline.

Moreover, the HDFC Paytm credit card provides access to comprehensive account management tools through the Paytm app, simplifying the process of monitoring expenses and managing finances effectively. Whether it’s earning rewards on everyday purchases or accessing exclusive benefits, this card is designed to enhance the overall banking and payment experience for consumers.

Overall, the HDFC Paytm co-branded credit card represents a synergy between two industry leaders, offering a compelling blend of rewards, convenience, and security. With its user-friendly features and attractive benefits, this card is poised to redefine the way consumers engage with banking and payments in the digital era.

Rewards and Benefits

• Savor Every Moment with Dining Delights:- Indulge in a culinary journey like no other with complimentary Eazydiner Prime membership, granting you access to a world of dining privileges. Enjoy 25% off at various restaurants and an additional 20% off at participating restaurants through the Dining Delights program. Plus, treat yourself to a movie night with a Buy One Get One offer on BookMyShow, where you can save up to Rs. 500 on the second ticket, up to 5 times a month.
• Reward Yourself with Every Spend:- Earn rewards effortlessly with the Axis Bank Magnus Credit Card. Earn 15 Edge Reward Points for every Rs. 200 spent, and enjoy 2X Edge Reward Points on all international transactions. With every purchase, you’re one step closer to redeeming rewards for instant vouchers and exclusive products on the bank’s Edge Rewards redemption portal.
• Travel in Style and Comfort:- Embark on unforgettable journeys with global travel and medical assistance on international trips, ensuring peace of mind wherever you go. Plus, enjoy 50 complimentary rounds of golf every year at the country’s premium golf courses, adding a touch of luxury to your travel experiences.
• Relax and Unwind in Luxury Lounges:- Whether you’re traveling domestically or internationally, enjoy unlimited access to airport lounges with Priority Pass membership. Both primary and add-on cardholders can bask in the comfort and exclusivity of airport lounges, making every journey a memorable one.
• Comprehensive Insurance Coverage:- With the Axis Bank Magnus Credit Card, enjoy comprehensive insurance coverage for added peace of mind. Benefit from purchase protection up to Rs. 2 Lakhs, 500 USD cover for loss/delay in baggage, and a Rs. 5 Lakhs credit shield, ensuring you’re always protected against unforeseen circumstances.
• Zero Liability Protection for Added Security:- Rest easy knowing that you’re protected against fraudulent transactions with zero liability protection. In the unfortunate event of a lost or stolen card, report it to the bank, and you won’t be held liable for any fraudulent transactions.
• Experience Luxury Redefined with Axis Bank Magnus Credit Card:- Indulge in the ultimate dining experiences, earn rewards with every spend, and travel with ease and luxury. Apply for your Axis Bank Magnus Credit Card today and embark on a journey of unparalleled privileges and experiences.

Fees & Charges

• Spend-Based Fee Waiver:- Enjoy the renewal fee waived off when you achieve a minimum expenditure of Rs. 35 lakhs in the preceding 12 months. Your loyalty and spending habits are rewarded, ensuring that you continue to enjoy the benefits of the Magnus Credit Card without any renewal fees.
• Rewards Redemption Fee:- Experience seamless rewards redemption without any additional charges. Redeem your accumulated rewards without worrying about any fees, making it easier for you to enjoy the benefits of your card to the fullest.
• Foreign Currency Markup:- Experience global transactions with ease, with a foreign currency markup fee of just 1.5% of the transaction amount. Whether you’re traveling abroad or making international purchases, enjoy competitive rates and hassle-free transactions.
• Interest Rates:- Benefit from competitive interest rates, with an interest rate of just 3% per month (equivalent to 42.58% annually). Enjoy financial flexibility without the burden of exorbitant interest charges, ensuring that you can manage your finances with ease.
• Fuel Surcharge:- Say goodbye to fuel surcharges with the Axis Bank Magnus Credit Card. Enjoy a 1% fuel surcharge waiver at all filling stations across India for transactions between Rs. 400 and Rs. 4,000, with a maximum waiver capped at Rs. 400 per month. Experience savings every time you refuel, making your journeys more cost-effective.
• Cash Advance Charges:- Access cash whenever you need it without incurring any charges. Benefit from nil cash advance charges, ensuring that you have access to funds in emergencies without any additional costs.
• Add-On Card Fee:- Extend the benefits of your Magnus Credit Card to your loved ones with ease, as there are no charges for add-on cards. Share the convenience and privileges of your card with your family members, making their experiences just as rewarding.

Product Details

• Kickstart your journey with 50,000 bonus Edge Reward Points as a welcome or renewal benefit upon card activation or renewal. It’s our way of expressing gratitude and ensuring that you start your membership with a bang.
• Earn rewards effortlessly with every swipe of your card. Get 15 Edge Reward Points for every Rs. 200 spent, allowing you to accumulate points quickly and redeem them for a variety of exciting rewards.
• Enjoy double the rewards with 2X Reward Points on all international spends. Whether you’re traveling for business or leisure, make the most of your purchases abroad and earn rewards at an accelerated rate.
• Experience cost-effective transactions with a lower mark-up fee of just 1.5% of the transaction amount applicable on all foreign currency transactions. Say goodbye to excessive fees and enjoy seamless international transactions.
• Relax and unwind before your flight with unlimited domestic airport lounge access for both primary and add-on cardholders. Additionally, enjoy international airport lounge access with complimentary Priority Pass membership, including 12 complimentary visits a year for accompanying guests.
• Indulge in luxury stays with complimentary memberships to prestigious hotel programs. Enjoy the benefits of Club ITC Culinaire membership at ITC hotels, Accorplus membership at Accor hotels across India, and Club Marriott Asia Pacific membership with exclusive weekend benefits at participating Marriott hotels in India and Asia Pacific.

Pros/Cons

Pros:

1. Exclusive Golf Privileges: Embrace your passion for golf with over 50 complimentary golf rounds annually. Whether you’re a seasoned golfer or just starting out, indulge in premium golfing experiences at top courses around the country.
2. Unlimited Lounge Access: Enjoy unparalleled comfort and relaxation with unlimited access to both domestic and international airport lounges. Whether you’re traveling for business or leisure, savor the luxury of complimentary lounge access at airports worldwide.

Cons:

1. High Joining Fee: As a premium credit card, the Axis Bank Prestige Reserve Credit Card comes with a joining fee of Rs 50,000. While this fee reflects the exclusive benefits and privileges offered by the card, it may not be accessible to everyone.

Axis Bank Reserve Credit Card Features and Benefits