Axis
Axis Magnus Credit Card
This is an invite only card
Apply and get ₹1750 Rewards
Top Benefits
Get a Welcome Voucher Worth ₹12,500
choose from Luxe Gift Card, The Postcard Hotels Gift Voucher, or Yatra Gift Voucher on making first transaction within 30 days
Enjoy Unlimited Domestic Airport Lounge
Access on spending ₹50,000 in the previous 3 months, at select lounges in India
Best For
Shopping
Airport Lounge
Dining
Travel
The Axis Magnus Credit Card is a super-premium travel and lifestyle card that anchors itself on a singl...
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The Axis Magnus Credit Card is a super-premium travel and lifestyle card that anchors itself on a singl...
The Axis Magnus Credit Card is a super-premium travel and lifestyle card that anchors itself on a single big idea: the joining fee is fully recovered through a ₹12,500 welcome voucher, so year one becomes effectively free for any active user. With unlimited international airport lounge access via Priority Pass, unlimited domestic lounge access at select airports, accelerated EDGE Reward Points on high spends, and 8 complimentary Airport Meet and Greet services per year, the card is built for the traveller who flies often, spends meaningfully, and values airport convenience.
What makes the Axis Magnus Credit Card different from other ₹10,000 plus fee cards is its tiered earn structure. You earn 12 EDGE Reward Points per ₹200 on monthly spends up to ₹1.5 lakh, then a much higher 35 EDGE Reward Points per ₹200 on incremental spends above ₹1.5 lakh in the same calendar month. On the Axis Bank Travel EDGE portal, the rate jumps further to 60 EDGE points per ₹200 (capped at ₹2 lakh of cumulative monthly transactions). For a high spender booking flights and hotels through Travel EDGE, the effective return rate touches 6% in EDGE point value.
The card is positioned for high-income, high-spending professionals earning ₹1.5 lakh a month or more, with annual card spends in the ₹10 lakh to ₹25 lakh range. It is not the right card for moderate spenders, since the ₹12,500 annual fee and the ₹25 lakh annual fee waiver threshold make the renewal year math work only at the top end of the spending curve.
View FAQ
Commonly Asked Questions
Who is the Axis Magnus Credit Card best suited for?
The Axis Magnus Credit Card is best for high-income professionals between 30 and 55 years, earning ₹1.5 lakh a month or more, who travel often (international and domestic), and put ₹15 lakh to ₹25 lakh of annual spend on the card. If you fly internationally 3+ times a year and value Priority Pass lounge access plus airport Meet and Greet, the card delivers strong value.
Is the Axis Magnus Credit Card lifetime free?
No, the Axis Magnus Credit Card has a joining fee of ₹12,500 and an annual fee of ₹12,500. The joining fee is fully offset by a ₹12,500 welcome voucher (Luxe Gift Card, Postcard Hotels, or Yatra). The annual fee is waived if you spend ₹25 lakh or more in a card anniversary year.
What is the welcome benefit on the Axis Magnus Credit Card?
You get a welcome voucher worth ₹12,500 on your first transaction within 30 days of card issuance. You can choose between Luxe Gift Card, The Postcard Hotels Gift Voucher, or Yatra Gift Voucher. The benefit is available to the primary cardholder only and must be claimed within 6 months from card creation.
How many reward points do I earn per ₹100 on this card?
You earn 12 EDGE Reward Points per ₹200 on monthly spends up to ₹1.5 lakh, which works out to 6 points per ₹100 or a 1.2% base reward rate. On incremental spends above ₹1.5 lakh in the same calendar month, the rate jumps to 35 points per ₹200 (3.5%). On the Axis Bank Travel EDGE portal, you earn 60 points per ₹200 (6%), capped at ₹2 lakh in monthly transactions.
Expert Review
Joining/Annual Fee
Joining Fees
₹14,750 ( ₹12500 + GST )
Annual Fees
₹14,750 ( ₹12500 + GST )
The Axis Magnus Credit Card carries a joining fee of ₹12,500 and an annual fee of ₹12,500. Both amounts...
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The Axis Magnus Credit Card carries a joining fee of ₹12,500 and an annual fee of ₹12,500. Both amounts...
The Axis Magnus Credit Card carries a joining fee of ₹12,500 and an annual fee of ₹12,500. Both amounts are exclusive of GST, so the actual debit on your statement is ₹14,750 each, including 18% GST.
The joining fee is fully offset by the welcome voucher worth ₹12,500. This is one of the cleaner fee structures in the Indian premium card market: pay ₹14,750 in fee plus GST, redeem a ₹12,500 voucher (Luxe, Postcard Hotels, or Yatra), and your effective first-year cost is just the GST portion of ₹2,250 plus any incremental value above the voucher's face price.
The annual fee of ₹12,500 is waived if you spend ₹25 lakh or more in a card anniversary year. That works out to roughly ₹2.08 lakh a month in eligible spending, which is a high bar even for premium card users. Most Magnus cardholders will not hit this threshold, so the renewal year requires paying the full ₹14,750 plus GST.
Practical math: at a monthly spending of ₹1.5 lakh (which most active Magnus users hit), you accumulate ₹18 lakh in annual spends. That falls short of the ₹25 lakh waiver target. You would need to push monthly spending above ₹2 lakh consistently to hit the waiver. So treat the annual fee as a fixed cost and evaluate the renewal value against the lounge access, Meet and Greet, dining, and EDGE points you actually use.
That said, an active user who flies internationally 4+ times a year and uses Priority Pass plus airport Meet and Greet routinely will see the benefit value comfortably exceed ₹14,750 annually, justifying the renewal even without the spend-based waiver.
View FAQ
Commonly Asked Questions
What is the joining fee of the Axis Magnus Credit Card?
The joining fee is ₹12,500 plus 18% GST, bringing the total debit on your first statement to ₹14,750. The fee is fully offset by the ₹12,500 welcome voucher (Luxe, Postcard Hotels, or Yatra) on the first transaction within 30 days.
What is the annual fee on this card?
The annual fee is ₹12,500 plus 18% GST (₹14,750 total), charged on the first card anniversary and every renewal year thereafter. The fee is waived if you spend ₹25 lakh or more in the previous card year.
How is the annual fee waiver calculated?
Axis Bank tracks total eligible spends from the date of card activation to the next card anniversary. If cumulative eligible spend touches ₹25 lakh, the next year's annual fee is automatically reversed in your renewal statement. The bank processes the reversal within one billing cycle of the anniversary.
How much do I need to spend monthly to hit the ₹25 lakh waiver?
You need to average ₹2.08 lakh a month in eligible spends across 12 months to clear the ₹25 lakh annual threshold. This is a high bar even for premium card users, so most Magnus holders pay the renewal fee unless their card is a primary plastic for both personal and business spending.
What spends count towards the ₹25 lakh fee waiver?
Standard retail spends count, including travel bookings, dining, shopping, hotels, and online purchases. Excluded categories like fuel, EMI conversions, wallet loads, rent, government payments, insurance, education, jewellery, and utility bills do not contribute towards the waiver target.
Are the joining and annual fees refundable?
The joining fee is not refundable once charged, since the welcome voucher is issued against it. The annual fee is reversed only if the spend-based waiver condition is met during the previous card year.
Can I get this card as a lifetime free option?
The standard Axis Magnus Credit Card carries a fixed ₹12,500 joining and annual fee structure with no published lifetime free variant. Promotional discounts on the joining fee may be available for existing Axis Burgundy or Priority customers through specific channels.
Is GST charged on the joining and annual fees?
Yes, 18% GST is added on top of both the ₹12,500 joining fee and the ₹12,500 annual fee. So the actual amount that hits your statement is ₹14,750 each, inclusive of taxes.
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
24LPA
Credit
Rating*
750+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
The Axis Magnus Credit Card has a premium eligibility profile reflecting its super-premium positioning....
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The Axis Magnus Credit Card has a premium eligibility profile reflecting its super-premium positioning....
The Axis Magnus Credit Card has a premium eligibility profile reflecting its super-premium positioning. Unlike entry-level and mid-tier cards, the income threshold here sits at ₹1.5 lakh a month or ₹24 lakh annually, which positions the card for senior professionals and high-income business owners.
The age window is 21 to 60 years for both salaried and self-employed applicants. The minimum monthly income is ₹1.5 lakh, with an annual income of ₹24 lakh required for both employment types. A CRIF or CIBIL score of 750 or higher is preferred, which is on the stricter side compared to mid-tier cards that accept 720 plus.
To frame this simply: a salaried professional earning ₹1.5 lakh a month qualifies, which fits senior corporate roles, mid-management at large enterprises, and tech professionals at major companies. Self-employed applicants with two years of clean ITR filings showing ₹24 lakh annual income are also strong candidates. The 750 credit score is a meaningful gate, so applicants with recent missed payments or high credit utilisation may face declines.
NRIs are not in the eligibility pool for this card. Both new-to-Axis-Bank applicants and existing customers can apply, although having a Burgundy or Priority banking relationship with Axis can simplify approvals.
| Criterion | Salaried | Self Employed |
|---|---|---|
| Minimum Age | 21 years | 21 years |
| Maximum Age | 60 years | 60 years |
| Minimum Monthly Income | ₹1,50,000 | ₹1,50,000 equivalent |
| Minimum Annual Income | ₹24 lakh | ₹24 lakh |
| CIBIL / CRIF Score | 750+ | 750+ |
| Residency | Indian Resident | Indian Resident |
View FAQ
Commonly Asked Questions
What is the minimum salary required for the Axis Magnus Credit Card?
The minimum monthly salary required is ₹1.5 lakh, with an annual income of ₹24 lakh for salaried applicants. Self-employed applicants need ITR-backed annual income of at least ₹24 lakh.
What is the minimum age for this card?
The minimum age is 21 years and the maximum age is 60 years for both salaried and self-employed applicants. The narrower upper age cap (compared to 65 on cheaper Axis cards) reflects the card's premium underwriting.
What CIBIL score do I need for this card?
A credit score of 750 or higher is preferred for approval. Applicants with scores between 720 and 750 may still be considered if the income profile is well above the minimum and the credit history is clean. Below 720, approval is unlikely.
Can self-employed people apply for this card?
Yes, self-employed individuals are eligible, with the same age window of 21 to 60 years. The bank reviews the latest two years of ITR and bank statements to assess income stability. A net annual income of ₹24 lakh is the working benchmark.
Do I need to be an Axis Burgundy or Priority customer?
No, you do not need to be an Axis Burgundy or Priority banking customer to apply. However, existing Burgundy and Priority customers often see faster approvals, pre-approved limit offers, and easier KYC, since the bank already has financial data on the relationship.
Do I need to be an Axis Bank account holder to apply?
No, you do not need an existing Axis Bank account to apply for this card. Both new-to-Axis-Bank customers and existing customers can apply through the website or app.
Is there an add-on card option?
Yes, Axis Bank offers up to 4 add-on cards on the Magnus for immediate family members. Add-on cards share the credit limit and earn EDGE points on their spends, but the welcome voucher and Priority Pass primary membership are restricted to the primary cardholder.
What documents are required during the application?
You need a PAN card, Aadhaar card, latest 3 months of salary slips (or 2 years of ITR for self-employed), latest 6 months of bank statements, and a passport-size photograph. Self-employed applicants also provide their business proof, GST registration, and Form 26AS where applicable.
All Card Benefits
- Welcome Voucher worth ₹12,500 — choose from Luxe Gift Card, Postcard Hotels, or Yatra Gift Voucher upon first transaction within 30 days
- Unlimited International Lounge Access via Priority Pass with 4 guest visits per year
- Earn up to 35 EDGE Reward Points per ₹200 on monthly spends above ₹1.5 lakh
The Axis Magnus Credit Card delivers value across six clear pillars: a strong welcome voucher, tiered E...
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The Axis Magnus Credit Card delivers value across six clear pillars: a strong welcome voucher, tiered E...
The Axis Magnus Credit Card delivers value across six clear pillars: a strong welcome voucher, tiered EDGE Reward earning, unlimited airport lounges, airport Meet and Greet, dining and hotel partner offers, and travel insurance. Below is a breakdown of each so you can match the perks against your real usage pattern.
Welcome Benefits
The headline welcome benefit is a ₹12,500 gift voucher on your first transaction within 30 days of card issuance. You choose between three categories: Luxe Gift Card (redeemable across luxury retail brands), The Postcard Hotels Gift Voucher (boutique luxury stays), or Yatra Gift Voucher (flights and hotels through Yatra).
Practical example: pick the Yatra voucher and you can fund a domestic round-trip ticket plus a 2-night hotel stay for a couple's weekend away, easily worth ₹15,000 to ₹20,000 in retail value. So your first-year out-of-pocket cost on this card is functionally negative.
The voucher must be claimed within 6 months of card creation, and the welcome benefit is available to the primary cardholder only. Add-on cardholders are not eligible.
Reward Points Structure
The Axis Magnus Credit Card uses a tiered reward earning structure. The base rate is 12 EDGE Reward Points per ₹200 spent, applicable on monthly cumulative spends up to ₹1.5 lakh. Each EDGE point converts at ₹0.20 in catalogue value, so the base rate works out to roughly 1.2% effective reward rate.
The accelerated tier kicks in once your monthly spending crosses ₹1.5 lakh. From that point onwards, in the same calendar month, you earn 35 EDGE Reward Points per ₹200 on incremental spends. At ₹0.20 per point, that is a 3.5% return on every additional rupee spent above ₹1.5 lakh.
The third tier applies on travel bookings made through the Axis Bank Travel EDGE portal. You earn 60 EDGE Reward Points per ₹200 spent on Travel EDGE, capped at cumulative monthly transactions of ₹2 lakh on the portal. That is a 6% effective reward rate, putting Magnus among the higher-earning travel cards on flight and hotel bookings.
The most valuable redemption is partner airline mile transfer. You can transfer 2 partner miles for every 5 EDGE Reward Points (a 5:2 ratio) across 20+ airline and hotel partners, up to a cumulative cap of 5 lakh EDGE points transferred per calendar year. So 5 EDGE points become 2 airline miles, and depending on the partner programme, those 2 miles can be worth ₹1 to ₹3 in airline ticket value, lifting the per-EDGE-point worth to ₹0.40 to ₹1.20 when transferred to airlines.
Practical example: a Magnus user spending ₹2.5 lakh in a month earns 9,000 EDGE points on the first ₹1.5 lakh (at 12 per ₹200) plus 17,500 EDGE points on the ₹1 lakh incremental spend (at 35 per ₹200). That is 26,500 EDGE points in one month, worth ₹5,300 in catalogue redemptions or up to ₹10,600 to ₹31,800 in airline mile transfers. Multiply by 12 months of consistent ₹2.5 lakh spending and the annual reward bank crosses 3 lakh EDGE points.
Excluded categories that earn zero EDGE points: fuel spends, wallet loads, rent payment, utility bill payments, government-related transactions, insurance payments, jewellery purchases, rewards redemption, cash advances, and outstanding payments.
Airport Lounge Access
The Axis Magnus Credit Card offers one of the strongest lounge benefits in the Indian premium card segment. You get unlimited complimentary international airport lounge access via the Priority Pass programme (1,400+ lounges across 140+ countries), with 4 additional guest visits per year on the Priority Pass.
For domestic lounges, you get unlimited complimentary access at select participating Visa lounges across India. The benefit comes with a spend trigger: you must spend ₹50,000 in the previous 3 months to keep the domestic lounge access active for that month. Newly issued cards enjoy a waiver on this spend criteria for the issuance month and the following 3 calendar months.
Practical math: an international flier making 5 trips a year, with two lounge visits per trip (departure and return), would clock 10 international lounge visits a year. At a paid lounge rate of USD 35 to USD 45 per visit (₹3,000 to ₹3,800), that is ₹30,000 to ₹38,000 in saved value annually from international lounges alone, well above the ₹12,500 annual fee.
Airport Meet and Greet Services
One of the more uncommon benefits on the Magnus is 8 complimentary Airport Meet and Greet services per calendar year at 16 airports across India, delivered through the Extraordinary Weekends programme. The service is valid for both domestic and international departures and arrivals.
Meet and Greet services include personal assistance from arrival at the airport entrance, fast-track immigration and security, baggage handling support, and lounge escort. For a frequent traveller, especially during peak season or for first-time fliers in your family, the service significantly reduces airport friction.
Practical example: at airports like Delhi T3, Mumbai T2, or Bangalore Kempegowda, paid Meet and Greet services cost ₹2,000 to ₹4,000 per use. At 8 free uses a year, the value runs from ₹16,000 to ₹32,000, again exceeding the annual fee on this single benefit alone.
Dining and Hotel Partner Benefits
The Axis Magnus Credit Card layers two strong lifestyle perks. First, you get 30% off on dining bills at over 4,000 partner restaurants across India under the Axis Bank EazyDiner programme, with a maximum discount of ₹1,000 per visit. The benefit requires a minimum order value of ₹3,000 and is valid once per card per month.
Second, you get 15% off on bed and breakfast rates at The Leela Palace Hotels and Resorts, valid till 30th September 2026. The Leela properties span Bengaluru, Goa, Jaipur, Mumbai, Udaipur, and other premium destinations.
Practical example: a single Leela Palace stay at Bengaluru with bed and breakfast for two nights at ₹35,000 nets you a ₹5,250 saving with the 15% discount. Two such stays a year add up to ₹10,000 in saved value, alone covering 80% of the annual fee.
Travel Insurance Protection
The Axis Magnus Credit Card includes a comprehensive insurance package. Purchase Protection cover up to ₹2 lakh covers accidental damage or theft of items bought on the card. Credit Shield cover up to ₹5 lakh protects against unauthorised transactions in case of card loss or theft. Loss or delay in baggage and personal documents during international travel is covered up to USD 500.
Note that Price Protection Insurance, which used to be part of the Magnus benefits, is no longer applicable to Magnus cardholders. So the card's insurance suite is now focused on travel-related and purchase-related risks rather than price drops on retail purchases.
View FAQ
Commonly Asked Questions
How do I claim the ₹12,500 welcome voucher?
The welcome voucher is delivered through the Axis Bank Edge Rewards portal or directly to your registered email after your first card transaction. Log in to edgerewards.axisbank.com, navigate to the welcome offers section, choose your voucher type (Luxe, Postcard Hotels, or Yatra), and the voucher code is generated for use.
Which welcome voucher option offers the best value?
The best choice depends on your spending plan. Yatra is most flexible for travel bookings on flights and hotels. Postcard Hotels is best for a luxury weekend getaway at one of their 9 boutique properties. Luxe Gift Card works if you plan a luxury retail purchase at brands like Tata CLiQ Luxury, Nykaa Luxe, or partner outlets. Pick the one closest to a planned spend so the voucher does not lapse.
What is the deadline to claim the welcome benefit?
The welcome benefit must be claimed within 6 months from the date of card creation. Beyond this window, the voucher is forfeited with no carry-forward option. Plan your redemption within the first 90 to 120 days of card receipt to keep buffer time.
Is the welcome benefit available on add-on cards?
No, the ₹12,500 welcome voucher is available to the primary cardholder only. Add-on cardholders share the credit limit and earn EDGE Reward Points on their spends, but the welcome benefit is restricted to the primary card.
How much is one EDGE Reward point worth in rupees?
One EDGE Reward Point is worth ₹0.20 in the standard catalogue redemption. When transferred to partner airline programmes (Singapore KrisFlyer, Air India Maharaja Club, Etihad Guest, etc.), the effective value can rise to ₹0.40 to ₹1.20 per point depending on the partner and the redemption value of the airline miles.
Do EDGE points earned on the first ₹1.5 lakh stay at 12 per ₹200, or upgrade to 35?
The first ₹1.5 lakh of monthly spend always earns 12 EDGE Points per ₹200. Only the incremental spending above ₹1.5 lakh earns the accelerated 35 points per ₹200. So the higher rate applies only on the marginal portion of high-value months, not retroactively on all spends.
What is the monthly cap on Travel EDGE bookings?
The 60 EDGE Points per ₹200 rate on Travel EDGE applies up to cumulative monthly transactions of ₹2 lakh on the portal. Travel bookings beyond ₹2 lakh in a single month earn the standard tiered rate (12 or 35 points depending on overall monthly spend), not the boosted Travel EDGE rate.
How does the partner mile transfer work?
You can transfer EDGE Reward Points to partner airline and hotel programmes at a 5:2 ratio. So 5 EDGE points convert to 2 partner miles. The annual cap is 5 lakh EDGE points transferred per calendar year. Partners include Singapore Airlines KrisFlyer, Air India Maharaja Club, Etihad Guest, Marriott Bonvoy, and others on the Travel EDGE portal.
Do EDGE points expire?
EDGE Reward Points on the Axis Magnus Credit Card are valid for 36 months from the date of accrual. Track your account on the EDGE Rewards portal and redeem the oldest points first to avoid lapse.
What categories are excluded from earning EDGE points?
Excluded categories include fuel, wallet loads, rent, utility bills, government-related transactions, insurance, jewellery, rewards redemption, cash advances, and outstanding payments. These categories do not earn EDGE points and do not contribute to the ₹25 lakh annual fee waiver target.
What is the easiest way to maximise EDGE points on this card?
Concentrate travel bookings through Axis Bank's Travel EDGE portal (6% return), and time your discretionary high-value spends like electronics or luxury purchases to fall within months where you have already crossed ₹1.5 lakh in cumulative spend (3.5% return on incremental). Avoid swiping for excluded categories like rent and utilities.
Are reward points capped on this card?
The Axis Magnus Credit Card has a cap of 5 lakh EDGE Reward Points transferred to partner programmes per calendar year. There is no hard monthly cap on point earning across the base 12 per ₹200 or the accelerated 35 per ₹200 rate. The Travel EDGE 60 per ₹200 rate is capped at ₹2 lakh of monthly bookings on the portal.
How many international lounge visits do I get on the Magnus?
You get unlimited complimentary international airport lounge access via Priority Pass for the primary cardholder, with 4 additional guest visits per year. So a year of frequent international travel can comfortably deliver 10 to 20 lounge visits, all free.
What is the spend condition for the domestic lounge benefit?
You need to spend at least ₹50,000 in the previous 3 calendar months to activate domestic lounge access for the upcoming month. New cardholders enjoy a waiver on this spend criteria for the issuance month and the following 3 months.
How do I get my Priority Pass card?
The Priority Pass membership is automatically issued to Magnus primary cardholders within 30 to 45 days of card activation. The physical Priority Pass card is dispatched to your registered address and is required at the lounge entry along with your boarding pass.
Are guest visits charged?
You get 4 complimentary guest visits per year on Priority Pass. Beyond 4 guest visits, additional guest entries are charged at standard Priority Pass rates (currently around USD 35 per guest visit), billed to your card.
How does the Airport Meet and Greet service work?
Book the Meet and Greet service through the Extraordinary Weekends portal at least 24 to 48 hours before your flight. Provide your flight details, terminal, and contact information. A representative meets you at the designated arrival or departure point and assists with check-in, security, immigration, and baggage handling.
At which airports is the service available?
The Meet and Greet service is offered at 16 major airports across India, including Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kolkata, Pune, Ahmedabad, Goa, and other key metro and tier-1 airports. The current list is updated on the Extraordinary Weekends portal.
Is the service for the cardholder only?
The Meet and Greet service is primarily for the primary cardholder, but the service can be extended to accompanying family members travelling on the same flight booking. Additional members beyond the primary travelling group attract paid charges.
Can the Meet and Greet service be used for international flights?
Yes, the service is valid for both domestic and international departures and arrivals at the 16 participating Indian airports. It is most useful for early morning or red-eye international flights where airport queues and immigration desks can be unpredictable.
How does the EazyDiner offer work?
You enrol on the Axis Bank EazyDiner platform, then pay your restaurant bill using the Magnus card at any partner outlet to get 30% off, capped at ₹1,000 per visit. So a ₹4,000 bill triggers the maximum ₹1,000 discount. The benefit is valid once per card per month.
What is the minimum bill for the EazyDiner discount?
The minimum order value for the 30% EazyDiner discount on the Magnus is ₹3,000. Bills below ₹3,000 do not qualify for the discount on this card.
How does the Leela Palace 15% offer work?
Book bed and breakfast rates directly through The Leela Palace Hotels website using the Magnus card to get 15% off the published rate. The offer is valid till 30th September 2026 and applies to the participating Leela properties listed on the Axis Magnus offer page.
Are food delivery apps included in the dining offer?
The EazyDiner programme covers dine-in transactions at partner restaurants, not food delivery. For food delivery, the Magnus card does not have a dedicated discount programme, but you continue earning the standard EDGE Reward Points on the spend.
What is the Credit Shield cover?
Credit Shield on the Magnus covers unauthorised card transactions up to ₹5 lakh in case of card loss or theft, applicable from 24 hours before to 7 days after reporting the loss to the bank. Report card loss immediately through the Axis Mobile app or customer care to activate the coverage.
Is Price Protection Insurance available?
No, Price Protection Insurance is not applicable to Axis Magnus Credit Card holders. The card's insurance suite focuses on Purchase Protection (₹2 lakh), Credit Shield (₹5 lakh), and travel-related coverage like baggage and document loss up to USD 500.
How do I claim travel insurance benefits?
Travel insurance claims are filed through the Axis Bank insurance partner, with documentation submitted online or via the Axis Mobile app. Required documents include the FIR copy (for theft), boarding pass, baggage delay or loss certificate from the airline, and original purchase receipts.
Are BookMyShow movie benefits still available on this card?
No, BookMyShow benefits on the Axis Magnus Credit Card were discontinued effective 20th April 2024. Existing Magnus cardholders no longer receive complimentary movie tickets or accelerated movie booking discounts through the BookMyShow partnership.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹0.20
Redemption Options
- Airmiles & Hotel Loyalty Points
- Travel EDGE Portal
- EDGE Rewards Catalog
- Instant Vouchers & Gift Cards
To check redemption catalogue
EDGE Reward Points earned on the Axis Magnus Credit Card are redeemed through the Axis Bank EDGE Reward...
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EDGE Reward Points earned on the Axis Magnus Credit Card are redeemed through the Axis Bank EDGE Reward...
EDGE Reward Points earned on the Axis Magnus Credit Card are redeemed through the Axis Bank EDGE Rewards portal at edgerewards.axisbank.com. The redemption flow is fully digital and the per-point value depends on what you redeem against.
Step 1: Log in to the EDGE Rewards portal using your Axis Bank net banking credentials. Step 2: Navigate to the Redeem section and choose your category (statement credit, gift vouchers, merchandise, flight or hotel bookings, or partner mile transfer). Step 3: Select your item or amount, confirm with the OTP sent to your registered mobile, and the redemption is processed.
The most efficient redemption is partner airline mile transfer. You convert 5 EDGE Reward Points to 2 partner miles, which gives an effective per-EDGE-point value of ₹0.40 to ₹1.20 depending on the partner programme and how you use the airline miles. Singapore KrisFlyer and Air India Maharaja Club deliver the highest sweet-spot redemptions on long-haul economy and premium cabin awards.
Direct booking through the Travel EDGE portal also delivers strong value, since you earn 60 EDGE points per ₹200 on the booking itself and can pay partly with EDGE points at favourable conversion rates. Statement credit redemption sits at the standard ₹0.20 per point and is the least efficient use of EDGE points on this card.
The card has a cap of 5 lakh EDGE Reward Points transferable to partner programmes per calendar year. So heavy spenders earning more than 5 lakh points in a year need to redeem the surplus through other channels (catalogue, statement credit, Travel EDGE bookings).
Reward redemption is free of any handling fee on the Magnus, which is a quiet win compared to many other Axis Bank cards that charge ₹99 plus GST per redemption request.
View FAQ
Commonly Asked Questions
How do I redeem EDGE Reward Points?
Log in to edgerewards.axisbank.com using your Axis Bank net banking credentials, choose the Redeem option, pick your category (partner mile transfer offers the best value), select your redemption, confirm with OTP, and the redemption reflects in 3 to 7 working days for catalogue items or instantly for partner mile transfers.
What is the rupee value of one EDGE point?
One EDGE Reward Point is worth ₹0.20 in catalogue redemption. When transferred to partner airline programmes (Singapore KrisFlyer, Air India Maharaja Club, Etihad Guest), the effective value rises to ₹0.40 to ₹1.20 per point depending on the partner and the airline mile redemption value.
Is there a fee for reward redemption on this card?
No, there is no fee for redeeming EDGE Reward Points on the Axis Magnus Credit Card. The full value of your points reaches your statement credit, gift voucher, or partner mile transfer with no Axis Bank-side handling fee.
What is the partner mile transfer cap?
You can transfer up to 5 lakh EDGE Reward Points to partner airline and hotel programmes per calendar year. Beyond this cap, you can still earn EDGE points but partner mile transfer is not available; surplus points must be redeemed through catalogue, statement credit, or Travel EDGE bookings.
How long do EDGE points stay valid?
EDGE Reward Points on the Axis Magnus Credit Card are valid for 36 months from the date of accrual. Track your accrual dates in the EDGE portal and redeem the oldest points first to avoid lapses.
Which airline partners give the best per-point value?
Singapore Airlines KrisFlyer and Air India Maharaja Club consistently deliver the highest per-point value on long-haul international economy and premium cabin awards. Etihad Guest and Marriott Bonvoy can also work well for specific routes and stays. The Travel EDGE portal lists the current partner conversion rates.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an Axis Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an Axis Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
Wallet Loads
Rent Payment
Utility Bill Payments
Government-related Transactions
Insurance Payments
Jewellery Purchases
Rewards Redemption
Cash Advances
Outstanding Payments
For Spends Waiver
Fuel Spends
Wallet Loads
Rent Payment
Utility Bill Payments
Government-related Transactions
Insurance Payments
Jewellery Purchases
Rewards Redemption
Cash Advances
Outstanding Payments
While the Axis Magnus Credit Card earns EDGE Reward Points across most retail categories, several spend...
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While the Axis Magnus Credit Card earns EDGE Reward Points across most retail categories, several spend...
While the Axis Magnus Credit Card earns EDGE Reward Points across most retail categories, several spending categories are excluded from the rewards programme. Understanding this list upfront helps you plan spends and avoid the disappointment of zero points on routine swipes.
The excluded categories on this card are: fuel spends, wallet loads, rent payment, utility bill payments, government-related transactions, insurance payments, jewellery purchases, rewards redemption, cash advances, and outstanding payments.
Real-world impact: if your monthly spending is ₹2 lakh and ₹50,000 of it goes to rent, utilities, and fuel, you lose out on roughly 3,000 EDGE points every month, or 36,000 a year. At a partner mile transfer value of ₹0.80 per point, that is ₹28,800 in lost reward value annually. Over and above the lost points, those spends do not count towards the ₹25 lakh annual fee waiver target either.
What happens when a transaction falls under an excluded category? The transaction is processed normally, you get charged the regular billing, and you simply do not earn EDGE points on that amount. Some categories also attract additional convenience fees (rent payment, wallet loads), which is another reason to route them through UPI or direct net banking instead.
Beyond the excluded categories, the Magnus also has caps on the accelerated tier. The 60 EDGE points per ₹200 rate on Travel EDGE applies up to ₹2 lakh of cumulative monthly transactions on the portal. Bookings beyond ₹2 lakh in a single month earn the lower tiered rate. Likewise, partner mile transfers cap out at 5 lakh EDGE points per calendar year.
View FAQ
Commonly Asked Questions
Do I earn EDGE points on rent payments?
No, rent payments are excluded from the EDGE Rewards programme on the Axis Magnus Credit Card. Plus, this card charges 1% rent payment convenience fee on rent transactions, so paying rent through this card costs you both lost points and an extra fee.
Are utility bill payments eligible for rewards?
No, utility bill payments (electricity, water, broadband, mobile postpaid) are excluded from EDGE Rewards earning on this card. Use UPI or direct auto-debit for utility bills since you save on convenience fees and do not lose any reward value.
Do EMI conversions earn reward points?
EMI conversions on this card do not earn EDGE points on the EMI portion. The original purchase may have earned points at the time of the swipe, but the bank reverses the points proportionally once the EMI conversion is processed.
Are insurance payments excluded?
Yes, insurance premium payments are excluded from EDGE Reward earning. The same logic applies to government payments and utility bills, where merchant categorization codes carry low interchange rates that do not justify reward earnings.
Are wallet loads excluded?
Yes, loading money into Paytm, PhonePe, MobiKwik, or other wallets does not earn EDGE points on the Axis Magnus Credit Card. The exclusion prevents reward farming through wallet recycling.
Do excluded transactions count towards the ₹25 lakh fee waiver?
No, transactions in excluded categories do not count towards the ₹25 lakh annual fee waiver target. Plan eligible spends across travel, dining, shopping, and other reward-earning categories to clear the threshold.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  2% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 2% |
APR Fees 3% monthly interest rate applies on the outstanding balance if the full amount due is not paid by the statement due date. The interest-free period is 20 to 55 days for new purchases. | 3% |
ATM withdrawal Not Applicable | Not Applicable |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge Surcharge on booking or cancelling railway tickets will be levied as prescribed by IRCTC or Indian Railways and may vary based on their applicable charges. | As prescribed by IRCTC / Indian Railways |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees Not Applicable | Not Applicable |
Cash Payment Fees A fee of ₹175 is charged for payments made by depositing cash at a bank branch or ATM. | ₹175 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹5000 | ₹500 |
| ₹5001 - ₹10000 | ₹750 |
| Above ₹10,000 | ₹1200 |
The Axis Magnus Credit Card sits in the super-premium fee bracket for Indian credit cards. Most fees ar...
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The Axis Magnus Credit Card sits in the super-premium fee bracket for Indian credit cards. Most fees ar...
The Axis Magnus Credit Card sits in the super-premium fee bracket for Indian credit cards. Most fees are standard for the segment, with a few specific to high-end cards. Here is a fee-by-fee breakdown with practical rupee examples so you know exactly what to expect on your statement.
Joining Fee: The joining fee is ₹12,500 plus 18% GST (₹14,750 total), debited on the first statement after card issuance. The fee is fully offset by the ₹12,500 welcome voucher (Luxe Gift Card, Postcard Hotels, or Yatra), so the effective first-year cost is just the GST portion of ₹2,250 plus any incremental value above the voucher's face price.
Annual or Renewal Fee: The annual fee is ₹12,500 plus 18% GST (₹14,750 total), billed on each card anniversary. The fee is waived if you spend ₹25 lakh or more in the previous card year. Practical example: averaging ₹2.08 lakh a month across 12 months gets you to the ₹25 lakh threshold and triggers an automatic fee reversal in your renewal statement. Most Magnus cardholders fall short of this threshold and pay the renewal fee.
APR or Interest Rate: The APR is 3.75% per month (about 45% annualised) on rolled-over balances. Credit cards offer an interest-free period of 20 to 55 days, but missing your due date triggers interest from the original transaction date. Practical example: carrying an unpaid balance of ₹50,000 for one month accrues roughly ₹1,875 in interest. To avoid heavy interest, convert large purchases to EMIs (where standard rates are around 16% per annum) instead of paying just the minimum due. Failing to pay even the EMI on time can push the effective annual interest closer to 55%.
Late Payment Charges: Late payment fees follow a slab-based structure. ₹0 for outstanding up to ₹500, ₹500 for ₹501 to ₹5,000, ₹750 for ₹5,001 to ₹10,000, and ₹1,200 for outstanding above ₹10,000. Practical example: missing the minimum due on an outstanding of ₹15,000 attracts a ₹1,200 late fee. Additionally, if you miss the minimum amount due for two consecutive cycles, an extra ₹100 late payment charge is levied each cycle until the dues are cleared.
Foreign Transaction or Forex Markup Fee: The forex markup is 3.50% on every transaction made in a non-INR currency. This applies to both international POS swipes and online purchases billed in foreign currency. Practical example: a USD 1,000 hotel booking abroad (roughly ₹83,000 at current INR rates) attracts a forex markup of ₹2,905 plus 18% GST on the markup, totalling ₹3,428 in extra charges. So international swipes add 4% to 4.2% to your bill after taxes. For a premium travel card, this forex rate is higher than peers like HDFC Diners Black Metal (2%) and ICICI Emeralde Private Metal (2%).
ATM Cash Withdrawal Fee: ATM cash withdrawal on the credit card attracts a fee of 2.50% of the withdrawn amount, with a minimum charge of ₹500 where applicable. On top of this, interest at 3.75% per month starts accruing from the day of withdrawal, with no interest-free grace period. Practical example: withdrawing ₹50,000 in cash on the credit card costs ₹1,250 in cash advance fee plus ₹1,875 in monthly interest, so even one month of unpaid balance costs ₹3,125 on a ₹50,000 withdrawal. Avoid cash withdrawals on credit cards.
Rent Payment Convenience Fee: The card charges a 1% convenience fee on rent payment transactions, plus applicable GST and platform-side charges. Practical example: paying ₹50,000 in rent through this card costs ₹500 in convenience fee plus ₹90 GST, totalling ₹590 in extra charges. Combined with the fact that rent payments earn zero EDGE points, paying rent through this card is not worthwhile. Use UPI or direct net banking instead.
Railway Surcharge: Railway booking and cancellation charges on this card are levied as prescribed by IRCTC or Indian Railways. The standard IRCTC convenience fee for credit card payments is around ₹30 per booking, consistent across most cards.
Cash Payment Fee: Paying your credit card bill in cash at an Axis Bank branch costs ₹175 plus GST per transaction, totalling ₹207. Use UPI, NEFT, or auto-debit instead since they are free and instant.
Cheque Return or Auto-Debit Reversal Fee: Bill payment by cheque that gets dishonoured, returned, or reversed via auto-debit attracts a fee of 2% of the payment amount, subject to a minimum of ₹500 plus GST. Practical example: a returned cheque of ₹50,000 attracts a fee of ₹1,000. Always ensure adequate balance in the linked account before scheduling auto-debit.
Reward Redemption Fee: No fee is charged when redeeming EDGE Reward Points on this card. The full per-point value reaches your statement credit, voucher, or partner mile transfer with no Axis Bank-side handling fee.
Below is a consolidated summary of all fees on the Axis Magnus Credit Card. Amounts are exclusive of GST unless explicitly stated.
| Fee Type | Amount |
|---|---|
| Joining Fee | ₹12,500 (offset by ₹12,500 welcome voucher) |
| Annual Fee | ₹12,500 (waived on ₹25 lakh annual spend) |
| APR (Monthly Interest) | 3.75% per month |
| Late Payment Fee | ₹0 to ₹1,200 (slab based) |
| Forex Markup | 3.50% |
| ATM Cash Withdrawal Fee | 2.50% of withdrawn amount (min ₹500) |
| Rent Payment Convenience Fee | 1% of transaction amount |
| Railway Surcharge | As prescribed by IRCTC or Indian Railways |
| Cash Payment Fee | ₹175 plus taxes |
| Cheque Return / Auto-Debit Reversal Fee | 2% of payment amount (min ₹500) |
| Reward Redemption Fee | Not Applicable |
View FAQ
Commonly Asked Questions
What is the interest rate on the Axis Magnus Credit Card?
The monthly interest rate is 3.75%, which works out to approximately 45% annualised on rolled-over balances. Pay your bill in full every month to avoid this charge.
How much is the late payment charge?
Late payment fees range from ₹0 (for outstanding up to ₹500) to ₹1,200 (for outstanding above ₹10,000), based on the slab of your unpaid amount. Missing the minimum due for two consecutive cycles adds an extra ₹100 charge per cycle until cleared.
What is the forex markup on this card?
The forex markup is 3.50% on all non-INR transactions, plus 18% GST on the markup itself. So a ₹10,000 international purchase attracts ₹350 in markup plus ₹63 in GST. For a premium travel card, this rate is higher than peers like HDFC Diners Black Metal and Emeralde Private Metal at 2%.
Is there a rent payment fee on this card?
Yes, rent payment transactions attract a 1% convenience fee plus GST. So a ₹50,000 rent payment costs you ₹590 in fees, on top of the fact that rent earns zero EDGE points. Pay rent through UPI or auto-debit instead.
Is there a fee for ATM withdrawals?
Yes, ATM withdrawals on this credit card attract a 2.50% cash advance fee (minimum ₹500), plus 3.75% monthly interest from the day of withdrawal. Cash withdrawal on credit cards is one of the most expensive financial moves and should be avoided.
Are there charges for paying my bill in cash or through cheque?
Yes, paying your bill in cash at an Axis Bank branch costs ₹175 plus GST per transaction. Cheque return or auto-debit reversal attracts 2% of the payment amount (min ₹500 plus GST). Use UPI, NEFT, RTGS, or auto-debit with adequate balance to avoid these charges.
What does the cheque payment fee of 2% cover?
The 2% (min ₹500 plus GST) fee applies to cheque returns, dishonour, or auto-debit reversals, not standard cheque payments. So if your cheque bounces or auto-debit fails, the 2% fee kicks in. Standard cheque deposits to clear your bill are free.
Why is there no reward redemption fee on the Magnus?
The Axis Magnus Credit Card does not charge any reward redemption fee, which is one of its quiet wins. Many other Axis Bank cards charge ₹99 plus GST per redemption. The Magnus delivers full value on every EDGE point redemption, whether through statement credit, vouchers, or partner mile transfers.
Are there any over-limit charges?
Yes, transactions that exceed your assigned credit limit attract over-limit fees. Axis Bank charges 2.5% of the over-limit amount, subject to a minimum charge of ₹500. Track your available limit on the Axis Mobile app to avoid this.
What happens if I pay only the minimum amount due?
Paying only the minimum amount due (5% of the outstanding) avoids the late payment fee, but interest at 3.75% per month starts accruing on your remaining balance from the original transaction date. So minimum payment is a short-term fix, not a long-term plan.
Can I get an EMI conversion on big-ticket purchases?
Yes, Axis Bank offers EMI conversion on transactions of ₹2,500 and above, with tenures from 3 to 24 months. EMI interest rates start at around 16% per annum, significantly cheaper than the 45% APR on rolled-over balances.
Is GST charged on credit card fees?
Yes, 18% GST is charged on all credit card fees and charges, including the joining fee, annual fee, late payment fee, forex markup, and cash advance fee. Factor this into your math when calculating the actual cost of any fee on your statement.
Similar Cards
| Features |  ICICI Emeralde |  ICICI Emeralde Private Metal |  HDFC Infinia |  HSBC Premier |
|---|---|---|---|---|
| Annual Fee | 12000 | 12499 | 12500 | 20000 |
| Welcome Benefits | ||||
| Best For | - | - | - | - |
| Offer | ||||
| Lounge Access |
Documents Required
Axis Bank requires a set of KYC and income proof documents during the Axis Magnus Credit Card application. Premium card underwriting is more thorough than entry-level cards, so be prepared with the full set of documents before starting the application.
Required documents for salaried applicants: PAN card, Aadhaar card, latest 3 months of salary slips, latest 6 months of bank statements showing salary credits, latest Form 16 or appointment letter, and a passport-size photograph. High-income applicants may also be asked for a recent CTC letter or annual compensation summary.
Required documents for self-employed applicants: PAN card, Aadhaar card, latest 2 to 3 years of ITR, Form 26AS, latest 6 to 12 months of business and personal bank statements, GST registration certificate (where applicable), proof of business existence, and a passport-size photograph. Practising professionals (doctors, CAs, lawyers) may also submit their professional registration certificates.
NRIs are not eligible for the standard Axis Magnus Credit Card. Address proof can be the Aadhaar card itself, or alternative documents like a passport, voter ID, driving licence, or a recent utility bill (not older than 3 months).
View FAQ
Commonly Asked Questions
Is a PAN card mandatory for the Axis Magnus Credit Card?
Yes, PAN card is mandatory for all Indian credit card applications since it is needed for KYC, credit bureau pulls, and tax reporting. Applications without PAN are not processed.
Can I apply without a Form 16?
Salaried applicants can submit a recent salary slip or appointment letter in lieu of Form 16, but Form 16 strengthens the income proof package. For high-income applications, the bank prefers Form 16 since it is verified by employer and Income Tax Department records.
What income proof do self-employed applicants need?
Self-employed applicants submit the latest 2 to 3 years of ITR, Form 26AS, and 6 to 12 months of business bank statements. The bank also looks for GST registration where applicable and proof of business existence (incorporation certificate, partnership deed, or Udyam registration).
Do I need to submit a photograph during the application?
For online applications with Video KYC, the system captures your photograph during the KYC video call, so a separate photograph upload is not needed. Offline applications at branches require one passport-size photograph.
Can I use a digital Aadhaar for application?
Yes, Axis Bank accepts digitally signed Aadhaar (e-Aadhaar) downloads from the UIDAI portal. The bank verifies the QR code on the digital Aadhaar during KYC, so a physical copy is not needed.
Are bank statement requirements stricter for premium cards?
Yes, Magnus underwriting often asks for 6 to 12 months of bank statements (vs the standard 3 to 6 months for entry-level cards) to verify income consistency, average balances, and spending patterns. Self-employed applicants submit 12 months of business bank statements.
Credit Limit and What to Expect
Axis Bank sets the credit limit on the Axis Magnus Credit Card individually for each applicant, based on income, credit bureau profile, existing obligations, and overall banking relationship. There is no fixed published number, but Magnus limits sit on the higher end of the Axis Bank portfolio.
For a salaried applicant earning ₹1.5 lakh to ₹3 lakh a month, the starting credit limit sits between ₹3 lakh and ₹7 lakh. Higher income brackets (₹4 lakh plus monthly) often see opening limits between ₹8 lakh and ₹15 lakh. Self-employed applicants with strong ITR-backed income, established business cash flows, and good CIBIL scores can also fall into similar ranges.
Existing Axis Burgundy or Priority banking customers often receive higher opening limits since the bank has visibility into their savings, investments, and overall financial position. Limit enhancements are reviewed every 6 to 12 months and can be requested with updated income proof at any time after 6 months of card activity.
View FAQ
Commonly Asked Questions
What is the starting credit limit on the Axis Magnus Credit Card?
For a salaried applicant earning ₹1.5 lakh to ₹3 lakh a month, the typical opening credit limit ranges from ₹3 lakh to ₹7 lakh. Limits scale upwards based on declared income, CIBIL score, banking relationship, and existing credit profile.
How can I increase my credit limit?
You can request a limit enhancement after 6 to 12 months of consistent card usage and timely payments. Submit the latest 3 months of salary slips or revised ITR through the Axis Mobile app or net banking. High-volume Magnus users may see automatic limit upgrades during routine portfolio reviews.
Will using the full credit limit hurt my credit score?
Using more than 30% of your credit limit consistently can lower your CIBIL score, even if you pay the bill in full. So if your limit is ₹5 lakh, try to keep your monthly statement balance under ₹1.5 lakh to maintain a healthy credit utilisation ratio.
Can I get a temporary credit limit increase?
Yes, Axis Bank offers temporary credit limit increases for short-term, large-ticket spends like booking premium flights, luxury hotels, or high-value electronics. Request this through customer care or the Axis Mobile app, valid for 30 to 90 days.
What is the cash withdrawal limit on this card?
The cash withdrawal limit is set at 20% to 40% of your total credit limit. So a ₹5 lakh credit limit allows cash withdrawals between ₹1 lakh and ₹2 lakh, although ATM withdrawals carry a 2.50% fee plus 3.75% monthly interest, making them an expensive option.
How often does Axis Bank review credit limits?
Axis Bank conducts a portfolio review every 6 to 12 months and offers automatic limit enhancements to qualifying cardholders. Manual reviews can also be requested with updated income proof at any time after 6 months of card activity.
How to Apply?
Applying for the Axis Magnus Credit Card is largely digital and most applicants get a decision within 24 to 72 hours, although manual underwriting may extend the timeline to 5 to 10 working days for high-ticket applications. Physical card delivery takes 5 to 10 working days from approval.
The fastest route is online. Visit the Axis Bank credit card website, select the Axis Magnus Credit Card, and click Apply Now. Fill in your personal details (name, mobile, PAN, date of birth, employment type, monthly income, current city), upload soft copies of your KYC and income documents, and complete a Video KYC if you are not already an Axis Bank customer.
The offline route involves visiting an Axis Bank branch with physical document copies. This is sometimes preferred for high-net-worth applicants who want a relationship manager to walk through the application, and for existing Axis Burgundy or Priority customers.
Once submitted, Axis Bank runs a credit bureau pull, verifies your KYC, conducts income verification (often via bank statement analysis or salary credit confirmation), and either issues an approval or asks for additional documents. After approval, the physical card is shipped to your registered address along with the welcome kit and a separate PIN mailer.
Track your application status online using the Axis Bank credit card status portal with your application reference number, registered mobile number, and date of birth.
View FAQ
Commonly Asked Questions
How do I apply for the Axis Magnus Credit Card online?
Go to the Axis Bank website, navigate to Credit Cards, select Axis Magnus, click Apply Now, fill the form, upload your KYC and income documents, and complete Video KYC. The whole process takes 20 to 30 minutes if your documents are ready.
How long does it take to get the card after applying?
Approval is granted within 24 to 72 hours of a complete application for most applicants. High-ticket or borderline applications may go through manual underwriting taking 5 to 10 working days. Physical card delivery follows within 5 to 10 working days of approval.
Is Video KYC mandatory for the Axis Magnus Credit Card?
Video KYC is required for new-to-bank customers. Existing Axis Bank account holders with completed KYC can skip Video KYC since the bank uses their existing records.
Can I track my application status online?
Yes, Axis Bank provides an online application tracker on its credit card website. Enter your application reference number along with your registered mobile and date of birth to view real-time status updates.
What happens if my application is rejected?
If your application is declined, Axis Bank notifies you by SMS or email. Common reasons include CIBIL score below 750, recent missed payments on existing loans, insufficient income proof, or high credit utilisation on other cards. You can reapply after 90 days once the underlying issue is resolved.
Will applying for this card affect my credit score?
The bank does a hard pull on your credit bureau report during application, which can dip your CIBIL score by 5 to 10 points temporarily. Once the card is active and you make timely payments for 3 to 6 months, your score recovers and benefits from the additional credit line.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹1750 Rewards
Top Benefits
Get a Welcome Voucher Worth ₹12,500
choose from Luxe Gift Card, The Postcard Hotels Gift Voucher, or Yatra Gift Voucher on making first transaction within 30 days
Enjoy Unlimited Domestic Airport Lounge
Access on spending ₹50,000 in the previous 3 months, at select lounges in India
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