Axis Bank Magnus Credit Card

Axis Bank has so many wonderful credit cards in their portfolio and Magnus too is one of the rewarding product without a doubt. It’s the HOT pick of the year 2022 for a super premium credit card holder with good spends.

Here’s everything you need to know about the Axis Bank Magnus Credit Card.


Type Super Premium Credit Card
Reward Rate 1.2% to 6.2%
Annual Fee 10,000+GST
Best if Monthly spends of 1 Lakh
USP Airport meet & greet services

Calling Magnus a Super Premium Credit Card might sound new, but it does deserve the category, primarily for its unlimited lounge access & the newly added monthly milestone benefit, both of which we will see in detail below.


Joining Fee 10,000+GST
Welcome Benefit 1 complimentary one-way Domestic Flight
Renewal Fee 10,000+GST
Renewal Benefit 1 complimentary one-way Domestic Flight
Renewal Fee waiver On spending >15 lakhs

Note that TataCliq voucher was valid only till March 2022, beyond which only the flight ticket option would be available, where-in the one-way economy flight ticket price is limited to Rs.10,000.

Welcome benefit is the only downside of the card. At-least they could have given 2 tickets capped at 5K each (or) continue with the TataCliq voucher.

To request for the welcome benefit, call Axis Concierge (18001034962) post generation of 2 statements.

The Card

axis bank magnus credit card-unboxing

The Axis Bank Magnus Credit Card now comes in a metal form factor on Visa Infinite platform.

The card used to look definitely premium even without the metal form factor. Anyway you can’t differentiate metal Magnus from a non-metal Magnus that easily.


  • Regular Rewards: 1.2%
  • Accelerated Rewards: 6% (5X on Travel Edge portal)

The regular reward rate is indeed poor on Magnus. However, with 2X promo which comes once in a while, it’s easy to save over 2% at times.

5X on Travel Edge portal is the new and nice benefit which you may find it useful for flight bookings.

Milestone Rewards

  • Rewards: 25,000 points on 1L spend (per calendar month)
  • Value: 5000 INR (+5% return)
  • Fulfilment: 90 days from end of txn month

Monthly milestone benefit is the newly added feature from Feb 2022 and this is the reason why it makes sense for high spenders to get Magnus Credit Card.

This is because no card gives 6.2% value just like that with easy redemption options.

Even with the air-miles cards it’s tough to squeeze this much value unless you use a lot of brain power.

While it’s a great benefit, the fulfilment period is bit long and that may bother some short term points players.

Caution: If you’re applying for the card & approved this month, note that the benefit is applicable only from the upcoming month. Your approval month (or) the card setup date is the date when you receive the “card approved” sms.

Easy way to double check on this is to look at the issue/expiry date printed on your card, just add +1 to it. If your expiry date is something like 05/27, ideally your spends are eligible from June.

Airport Lounge Access

Access type Access via Complimentary Limit
Domestic Lounge Access Visa / Mastercard Unlimited
Domestic Lounge Access (Guests) Visa / Mastercard Nil
International Lounge Access (Primary) Priority Pass Unlimited
International Lounge Access (Guests) Priority Pass 8/yr

Guest access on Priority Pass (for International lounge access) is a good one to have and it is limited to 8 access per card anniversary year. That’s sufficient to cover the access for your family.

Wish they had given the complimentary guest access for domestic as well, as Axis has technical challenges in issuing Add-on cards as of now.

But as long as you are able to get add-on cards (hit or miss as of now), it comes with unlimited domestic lounge access as well.

Airport Meet & Greet

airport meet and greet services
  • Complimentary Access: 8 / year

The airport meet & greet service – which Axis Bank calls as “airport concierge” service is the USP of this product. It gives VIP Assistance Services for a smooth and hassle-free airport transfers.

The services include assistance across airport processes, such as: express check-in, fast-track security check, immigration assistance, porter & buggy services.

I’ve used this service at MAA/BOM/HYD airports both for arrival & departure and its quite useful. Here’s a detailed article on the airport meet & greet services available at Indian airports.


  • Complimentary Courses/Lessons: Nil

Unlike most other premium and super premium credit cards, Axis Magnus doesn’t have the complimentary Golf benefit.

This is because they basically replaced the Golf benefit with Airport Meet & Greet services to reduce their costs, which definitely makes sense.

Add-On Cards

Axis Magnus Add-on cards

Getting add-on cards with any Axis Bank credit card is tricky as of now. It can’t be applied independently either.

However, it can still be applied while applying for the primary card but it may or may not getting processed as expected. Risky and I wouldn’t suggest if you’re looking for peace of mind.

Hope Axis Bank fixes this Add-on cards issue soon.

Bookmyshow Offer

  • Offer: Buy one Get one
  • Valid on: movie/non-movie bookings
  • Max. Cap: Rs. 500 off on the second ticket
  • Monthly limit: 5 bookings per month

Boomyshow offer is pretty good indeed and if you’re in metro cities where the ticket cost is easily 500 INR, then this is a very good benefit. Else, Visa Infinite offer is sufficient for most.

That said, Visa offers may get maxed out pretty fast compared to the direct BMS offer on Magnus, so the separate Magnus offer still makes sense.

Forex Markup Fee

  • Foreign Currency Markup Fee: 2%+GST = ~2.4%

As the regular rewards on spends is 1.2% you’ll only end up in loss on foreign currency transactions unless you hit the 1 Lakh monthly milestone, post which it will be a sweet 3.8% net gain.

So if you don’t spend 1L in a month, you shouldn’t be using Magnus for foreign currency transactions.

Maximizing Axis Cards

axis premium content

The Year 2022 is an amazing year to explore Axis Bank Credit Cards. However, there are various issues with the bank, from application, credit limit to service and support.

If you’re facing various issues (or) if you prefer to have a smooth ride into a rewarding year with the lucrative Axis Bank credit cards, do check out this premium guide: Maximizing Axis Bank Credit Cards.

Bottom line

Magnus Credit Card is one of the amazing credit cards that Axis Bank has ever created. It’s a must have card for those who’re spending ~1L a month, as it’s the highest rewarding credit card in India at that spend level with easy redemption options.

With unlimited lounge access, milestone rewards and airport concierge service, Axis Magnus is worth having in the wallet in 2022 if you’re looking for premium experiences in life.

The only downside is the service and support, which I guess will get better with the Citi merger.

Do you hold Axis Magnus Credit Card? Feel free to share your experiences in the comments below.

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