Axis
Axis Burgundy Magnus Credit Card
This is an invite only card
This is an invite only card
This is an invite only card
Top Benefits
Superior Miles Conversion for Burgundy
earn 4 partner miles for every 5 EDGE Reward Points, delivering higher value compared to regular Magnus
Unlimited Lounge Access
gives unlimited domestic and international airport lounge visits with complimentary Priority Pass membership, including 4 accompanying guest visits per year
Best For
Shopping
Dining
Travel
The Axis Burgundy Magnus Credit Card is a heavyweight contender built specifically for high-net-worth...
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The Axis Burgundy Magnus Credit Card is a heavyweight contender built specifically for high-net-worth...
The Axis Burgundy Magnus Credit Card is a heavyweight contender built specifically for high-net-worth individuals and big spenders who want maximum returns on their expenses. With an aggressive reward structure that jumps significantly after crossing a monthly spend threshold and an elite 5:4 airline miles transfer ratio exclusive to Burgundy customers, this card turns heavy spending into substantial travel and lifestyle perks. If you consistently spend over Rs. 1.5 lakh every month, this card delivers value that very few competitors can match.
Targeted at affluent professionals and entrepreneurs with an annual income of at least Rs. 24 lakh, this card requires you to maintain a Burgundy relationship with Axis Bank. What sets it apart is the two-tier reward system. While standard spends give you a respectable return, hitting the incremental spend bonus supercharges your reward points. Paired with unlimited airport lounge access, priority meet-and-assist services, and luxury hotel vouchers, the Axis Burgundy Magnus Credit Card works hard to justify its premium Rs. 30,000 annual fee.
View FAQ
Commonly Asked Questions
Is the Axis Burgundy Magnus Credit Card lifetime free?
No, the card is not lifetime free. It comes with a Rs. 30,000 joining fee and a Rs. 30,000 annual fee. However, the annual fee is waived if you spend Rs. 25 lakh or more in a year.
Is this a good credit card for travel?
Yes, it is excellent for travel. You get unlimited international lounge access via Priority Pass with 4 guest visits, unlimited domestic lounge access, and a highly lucrative 5:4 conversion ratio for transferring reward points to airline miles.
Who should apply for this card?
This card is ideal for individuals earning at least Rs. 24 lakh annually who consistently spend more than Rs. 1.5 lakh per month. High spenders will maximize the accelerated reward points and easily hit the fee waiver target.
What makes this different from the regular Magnus card?
The defining difference is the air miles conversion ratio. Burgundy customers enjoy an exclusive 5 EDGE Points to 4 partner miles ratio. If you fail to meet the Burgundy criteria, the card downgrades and the ratio drops to 5 points for 2 miles.
Expert Review
As a credit card expert, analyzing the Axis Burgundy Magnus Credit Card is fascinating because it is deeply polarizing. On one hand, the earning potential is staggering. The moment you cross Rs. 1.5 lakh in monthly spends, the jump to 35 EDGE points per Rs. 200 is one of the most aggressive reward accelerators in the Indian market. Pair that with the Burgundy-exclusive 5:4 airline miles transfer ratio, and you are literally flying international first-class on points every year.
However, I must point out a glaring criticism: the Rs. 30,000 annual fee paired with the massive Rs. 25 lakh waiver target makes this an incredibly stressful card for anyone who isn't consistently spending huge amounts. Furthermore, the 3.5% forex markup is surprisingly high for a super-premium travel card, especially when competitors like Infinia or Emeralde offer markups of 2% or less.
My final verdict? If your monthly credit card bill reliably crosses Rs. 2 lakh and you value business-class travel, get this card immediately. It will out-earn almost anything else in your wallet. But if you spend under Rs. 1.5 lakh a month, the math does not work in your favor, and you are better off with a flat-rate premium card.
Joining / Annual Fee
Joining Fees
₹35,400 ( ₹30000 + GST )
Annual Fees
₹35,400 ( ₹30000 + GST )
Premium benefits come with premium costs. The Axis Burgundy Magnus Credit Card sits in the super-prem...
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Premium benefits come with premium costs. The Axis Burgundy Magnus Credit Card sits in the super-prem...
Premium benefits come with premium costs. The Axis Burgundy Magnus Credit Card sits in the super-premium category and carries fees that reflect its high-end perks. When you first receive the card, a one-time joining fee is charged at the time of card issuance. This fee is Rs. 30,000. However, as noted earlier, this cost is heavily softened by the welcome benefit options (like flights or vouchers) worth up to Rs. 12,500.
From the second year onwards, an annual renewal fee of Rs. 30,000 is charged every year. The good news is that the bank offers a clear path to get this fee waived completely. The annual fee is waived if you spend Rs. 25 lakh or more in a year on your card. To hit this waiver target, you need to average about Rs. 2,08,333 in monthly credit card spends. If you run a business, travel frequently, or put all household expenses on the card, hitting Rs. 25 lakh annually is very achievable, effectively making this luxury card free for subsequent years.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 30,000 plus applicable taxes. This is charged in your first statement after card issuance.
Is there a welcome bonus to offset the joining fee?
Yes, you can select a welcome voucher or domestic flight ticket worth up to Rs. 12,500, which gives you immediate value back against the Rs. 30,000 joining fee.
What is the annual or renewal fee?
From the second year, the card carries an annual renewal fee of Rs. 30,000 plus taxes.
Is there an annual fee waiver option?
Yes, the annual fee is waived entirely if you achieve a total spend of Rs. 25 lakh or more during the anniversary year.
What is the spending requirement for the annual fee waiver in monthly terms?
To hit the Rs. 25 lakh annual target, you need to spend an average of roughly Rs. 2,08,333 every month.
What happens if I spend Rs. 24 lakh in a year?
If you fall short of the Rs. 25 lakh target even by a small margin, the full Rs. 30,000 annual fee will be charged to your account on the renewal date.
Are taxes included in the fee amount?
No, the Rs. 30,000 fee does not include GST. You will have to pay an additional 18% GST on the fee amount, making the total charge Rs. 35,400.
Can the joining fee be waived?
The bank strictly enforces the Rs. 30,000 joining fee as per policy, but the high-value welcome benefits act as an immediate offset.
Eligibility
Age
Criteria*
18-70 years
Salary
Criteria*
24LPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
No
Securing the Axis Burgundy Magnus Credit Card requires you to meet strict financial and demographic s...
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Securing the Axis Burgundy Magnus Credit Card requires you to meet strict financial and demographic s...
Securing the Axis Burgundy Magnus Credit Card requires you to meet strict financial and demographic standards. The bank targets high-income earners who have a proven track record of excellent credit behavior. Both salaried professionals and self-employed individuals can apply, provided they meet the income thresholds.
The official age eligibility set by the bank is between 18 and 70 years. However, for salaried applicants, an age range of 21 to 65 years is strongly recommended to improve the likelihood of approval. Both salaried and self-employed applicants must demonstrate a minimum annual income of Rs. 24 lakh. This means you need a stable monthly income of at least Rs. 2 lakh to qualify. Additionally, your credit history must be spotless; a CRIF credit score of 750 or above is a hard requirement as per the bank's eligibility criteria.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary cardholder must be at least 18 years old. However, for better approval chances, the recommended starting age is 21 for salaried applicants.
What is the maximum age limit for the primary cardholder?
The upper age limit is 70 years. The bank prefers applicants up to 65 years for salaried profiles to ensure stable repayment capacity.
What is the minimum salary required for salaried applicants?
Salaried individuals need a minimum annual income of Rs. 24 lakh. That translates to a monthly salary requirement of at least Rs. 2,00,000.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners must also demonstrate a documented annual income of at least Rs. 24 lakh through their Income Tax Returns.
Can self-employed individuals apply for this card?
Yes, both salaried and self-employed individuals are fully eligible to apply as long as they meet the strict Rs. 24 lakh income requirement.
What credit score is needed for approval?
A minimum CRIF credit score of 750 or above is required. The bank is quite strict about this criterion for premium card issuances.
Will my application be rejected if my credit score is below the requirement?
Yes, a CRIF score below 750 will likely result in a rejection, as the bank requires an excellent credit history to issue a card with such high limits and benefits.
Do I need an existing relationship with Axis Bank?
Because this is a Burgundy variant card, you must meet Axis Bank's Burgundy banking relationship criteria to access the exclusive 5:4 reward conversion ratio.
All Card Benefits
- Earn 12 EDGE Reward Points per ₹200 on spends up to ₹1.5 lakh per month
- Earn 35 EDGE Reward Points per ₹200 on incremental spends above ₹1.5 lakh
- Convert rewards at 5 EDGE Points = 4 partner miles
- Annual reward transfer limit of 10 lakh EDGE Reward Points
- Earn 5X EDGE Reward Points on Travel EDGE bookings up to ₹2 lakh per month
Welcome Benefits
Paying a premium joining fee becomes much easier when the bank hands you a substa...
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Welcome Benefits Paying a premium joining fee becomes much easier when the bank hands you a substa...
Welcome Benefits
Paying a premium joining fee becomes much easier when the bank hands you a substantial welcome package right from the start. Upon receiving your Axis Burgundy Magnus Credit Card, you get to choose a joining benefit worth up to Rs. 12,500. This significantly offsets the initial Rs. 30,000 charge. You can opt for a free one-way domestic economy flight ticket, a Luxe Gift Card, a Postcard Hotels voucher, or a Yatra voucher.
To secure this benefit, you must complete your first eligible transaction within 30 days of card issuance. Once you receive your chosen voucher, you have 6 months to redeem it. Keep in mind that these welcome benefits apply only to new card applications, not if you are upgrading from an existing Axis Bank credit card.
Reward Points Structure
The core strength of the Axis Burgundy Magnus Credit Card lies in its unique, highly rewarding two-tiered points structure. You earn Axis EDGE Reward Points based on how much you spend during the month. For your initial spends up to Rs. 1.5 lakh in a calendar month, you earn 12 EDGE Reward Points for every Rs. 200 spent.
The magic happens when you cross the Rs. 1.5 lakh threshold. On all incremental spends above Rs. 1.5 lakh in that same month, your earning rate jumps to an incredible 35 EDGE Reward Points per Rs. 200 spent. These accelerated rewards are capped at your assigned credit limit plus Rs. 1.5 lakh per month. Furthermore, if you book flights or hotels through the Travel EDGE portal, you earn 5X EDGE Reward Points on cumulative spends up to Rs. 2 lakh per calendar month. Note that Travel EDGE spends are excluded from counting toward your Rs. 1.5 lakh accelerated rewards threshold.
Let's look at a practical example. Suppose you spend Rs. 2,50,000 in a month. For the first Rs. 1,50,000, you earn 9,000 points (150000 / 200 * 12). For the remaining Rs. 1,00,000, you earn 17,500 points (100000 / 200 * 35). Your total haul for the month is 26,500 EDGE Reward Points. When converted at the exclusive 5:4 ratio, those 26,500 points become 21,200 airline miles in a single month.
Flight and Airport Benefits
Frequent flyers will find massive utility in the Axis Burgundy Magnus Credit Card. The card comes with unlimited international airport lounge access through the Priority Pass network. Even better, this benefit includes 4 complimentary accompanying guest visits per year, saving you thousands of rupees when traveling with family or colleagues.
Domestically, you get unlimited airport lounge access across India. However, to unlock the domestic lounge benefit, you must have spent at least Rs. 50,000 on your card in the previous 3 months. This spend condition is generously waived for newly issued cards initially. Additionally, the card provides 4 complimentary Airport Meet and Assist services every calendar year. This VIP service covers check-in, security, immigration, and porter assistance for both domestic and international terminals at select Indian airports. You simply need to book this service at least 48 hours in advance.
Dining and Entertainment Perks
When you are not traveling, you can still save money dining out in your city. Through the Axis Bank Dining Delights programme, cardholders receive up to a 30% discount at over 4,000 partner restaurants across India. This discount is capped at Rs. 1,000 per bill. If you frequently host business dinners or enjoy family outings, this feature consistently shaves money off your food expenses.
For instance, if your dinner bill comes to Rs. 3,500 at a partner restaurant, a 30% discount would equal Rs. 1,050. However, due to the Rs. 1,000 maximum cap, your final discount will be exactly Rs. 1,000, bringing your payable bill down to Rs. 2,500.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You must make your first eligible transaction within 30 days of the card being issued. Once done, you become eligible to select your welcome voucher worth up to Rs. 12,500.
What is the exact value of the welcome benefit?
The total value goes up to Rs. 12,500 depending on what you choose. For example, selecting the Postcard Hotels voucher gives you maximum value toward a luxury hotel stay.
Can I get the welcome benefit if I am upgrading my old Axis card?
No, the welcome voucher or flight ticket is applicable exclusively for new Burgundy card issuances. Upgrades from other cards do not qualify for this specific introductory perk.
How long is the welcome voucher valid?
Once you receive your welcome benefit, you must redeem it within 6 months of card issuance. If you forget to use it within this window, the voucher will expire.
What is the standard reward rate on this card?
For your first Rs. 1.5 lakh in monthly spends, you earn 12 EDGE Reward Points per Rs. 200. If each point is valued at Rs. 0.20, this represents a base reward rate of 1.2%.
How do the accelerated rewards work?
Once your monthly spending crosses Rs. 1.5 lakh, you earn 35 EDGE Reward Points per Rs. 200 on the amount spent above that limit. This boosts your effective return to 3.5% on incremental spends.
Is there a limit to how many accelerated points I can earn?
Yes, your accelerated rewards are capped at your total credit limit plus Rs. 1.5 lakh per month. Beyond that, you will not earn the higher 35-point rate.
What is the value of 1 EDGE Reward Point in rupees?
If you redeem your points for direct statement credit or catalog products, 1 Reward Point is worth Rs. 0.20. For example, 10,000 points equal Rs. 2,000 in value.
How does the airline miles conversion work?
As a Burgundy customer, you get an exclusive transfer ratio of 5 EDGE Points to 4 partner miles. If you transfer 50,000 points, you receive 40,000 frequent flyer miles.
Is there a maximum limit on transferring points to miles?
Yes, there is a total annual reward transfer limit of 10 lakh EDGE Reward Points. You cannot transfer more than this amount to partner airlines or hotels in a single year.
What happens if I lose my Burgundy status?
Axis Bank periodically reviews your Burgundy relationship. If you no longer meet the criteria, the card may be downgraded to a regular Magnus card, and your miles transfer ratio will drop from 5:4 down to 5:2.
Do I earn points on fuel purchases?
No, fuel spends are strictly excluded from earning any EDGE Reward Points on this card.
Do I earn points on utility bill payments?
No, all utility bill payments such as electricity, water, and gas are excluded from the reward program and will not earn points.
Do I earn points on rent payments?
No, rent payments are classified under excluded categories and will not accumulate any reward points.
Do Travel EDGE spends count toward my Rs. 1.5 lakh target?
No, while you earn 5X points on Travel EDGE bookings up to Rs. 2 lakh per month, these specific spends do not count toward the Rs. 1.5 lakh threshold required to trigger the 35-point accelerated rate.
How many points do I get for a Rs. 10,000 Travel EDGE booking?
A standard Rs. 10,000 spend earns 600 points. With the 5X Travel EDGE multiplier, you will earn 3,000 EDGE Reward Points for that booking.
Do I get unlimited lounge access with this card?
Yes, you get unlimited access to both domestic and international airport lounges. International access is provided via Priority Pass.
Can I bring a guest into the lounge for free?
Yes, the Priority Pass benefit includes 4 complimentary guest visits per year for international lounges. Domestic guest policies may incur separate charges.
Are there any conditions for using the domestic lounges?
To use domestic lounges, you must spend at least Rs. 50,000 in the previous 3 months. This requirement is temporarily waived when you first receive the new card.
What does the Airport Meet and Assist service cover?
The service acts as a VIP fast-track. A representative will guide you through check-in, security, and immigration, while also providing porter assistance for your luggage.
How do I book the Meet and Assist service?
You must book the service through the designated bank concierge or portal a minimum of 48 hours prior to your scheduled flight departure or arrival.
How much discount do I get on dining?
You receive up to a 30% discount at partner restaurants under the Dining Delights programme. The maximum discount you can claim is Rs. 1,000 per transaction.
How many restaurants are part of this program?
Axis Bank has partnered with over 4,000 restaurants across India for the Dining Delights programme.
If my bill is Rs. 5,000, what will be my discount?
While 30% of Rs. 5,000 is Rs. 1,500, the benefit is capped at Rs. 1,000 per bill. Therefore, your final discount will be Rs. 1,000.
Do I need to inform the restaurant before ordering?
It is always best to inform the server that you will be using your Axis Burgundy Magnus Credit Card for the Dining Delights offer before they generate the final bill.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹0.20
Redemption Options
- Airline & Hotel Transfers
- Travel EDGE Portal
- Rewards Store & Vouchers
- Statement Credits
To check redemption catalogue
Accumulating thousands of EDGE Reward Points is only half the strategy; knowing how to extract maximu...
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Accumulating thousands of EDGE Reward Points is only half the strategy; knowing how to extract maximu...
Accumulating thousands of EDGE Reward Points is only half the strategy; knowing how to extract maximum value from them is where you win. The Axis Burgundy Magnus Credit Card does not offer direct auto-credited cashback. Instead, you must manually redeem your points through the Axis EDGE Rewards portal (https://edgerewards.axisbank.co.in/lms/).
You have two main paths for redemption. The first is converting points to statement credit or catalog items, where 1 Reward Point equals Rs. 0.20. For example, if you have 25,000 points, that translates to Rs. 5,000 in value. The second, and much more lucrative path, is transferring points to partner airlines or hotels. As a Burgundy client, you get the exclusive ratio of 5 EDGE Points = 4 partner miles. If you have 50,000 points, you can transfer them to receive 40,000 airline miles. This transfer option is subject to an annual cap of 10 lakh EDGE Reward Points.
View FAQ
Commonly Asked Questions
How do I redeem the reward points I have earned?
You must log into the Axis EDGE Rewards portal using your net banking credentials. From there, you can choose to transfer points to airlines, buy vouchers, or offset your statement balance.
What is the value I get when I redeem reward points for cash?
When redeemed directly against your statement or for catalog products, 1 EDGE Reward Point equals Rs. 0.20. So, 10,000 points will give you Rs. 2,000 in value.
How do I convert points into airline miles?
Link your frequent flyer program account to your Axis EDGE portal. You can then transfer points at the exclusive Burgundy ratio of 5 points to 4 miles.
Is there a limit on how many points I can convert to miles?
Yes, there is a total annual reward transfer limit of 10 lakh EDGE Reward Points across all travel partners.
Is there a fee for redeeming my reward points?
No, according to the bank's schedule, reward redemption fees are Not Applicable for this specific card tier.
How long does it take for miles to reflect in my airline account?
Points transfers to airline partners typically take anywhere from 24 hours to 7 working days, depending on the specific airline's processing times.
Do my reward points expire?
EDGE Reward points on the Magnus tier remain valid for 3 years from the date of accumulation. You must redeem your points within this window to prevent forfeiture.
What happens to my unredeemed points if I close the card?
Unredeemed rewards are forfeited upon card closure. You should transfer or redeem all your points before initiating a cancellation request.
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
To avoid unpleasant surprises when checking your monthly statement, you must understand exactly which...
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To avoid unpleasant surprises when checking your monthly statement, you must understand exactly which...
To avoid unpleasant surprises when checking your monthly statement, you must understand exactly which transactions will not earn you any reward points. The Axis Burgundy Magnus Credit Card has a definitive list of excluded categories. Transactions made under these categories are processed normally but yield zero EDGE Reward Points, and they do not count toward your Rs. 1.5 lakh accelerated rewards threshold.
The bank explicitly excludes Fuel Spends, Wallet Loads, Rent Payments, Utility Bill Payments, Government-related Transactions, Insurance Payments, Jewellery Purchases, Rewards Redemptions, Cash Advances, and Outstanding fee payments. For example, if you pay a Rs. 50,000 annual life insurance premium and load Rs. 10,000 into a digital wallet, that Rs. 60,000 spend earns exactly zero points. Knowing this helps you shift those expenses to other cards that might reward them, while reserving the Magnus card for travel, dining, and large retail purchases.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards on this card?
Exclusions include fuel, wallet loads, rent, utilities, government payments, insurance, jewellery, cash advances, and fee payments. None of these will earn EDGE points.
Does paying rent with this card earn reward points?
No, rent payments are entirely excluded from reward earnings. Furthermore, you will be charged a 1% surcharge fee on the rental transaction amount.
Are insurance premium payments excluded from rewards?
Yes, insurance payments do not accumulate any reward points on this card.
Are utility bill payments such as electricity excluded?
Yes, all utility bill payments including electricity, water, and gas are excluded from earning reward points.
Do wallet top-ups earn rewards on this card?
No, loading money into digital wallets like Paytm or Amazon Pay is classified as an excluded transaction and earns zero points.
Are jewellery purchases excluded?
Yes, unlike many other premium cards, purchasing jewellery is explicitly listed as an excluded category and will not earn reward points.
Do excluded spends count toward the annual fee waiver?
Excluded categories such as rent and insurance payments do not contribute toward the Rs. 25 lakh annual fee waiver target. Only eligible retail and travel spends count toward this milestone.
What happens if I accidentally make a payment in an excluded category?
The payment will go through successfully, but your statement simply will not show any accumulated EDGE points for that specific transaction.
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 Finance charges of 3% per month apply on unpaid outstanding balances until the amount is fully repaid. | 3% |
ATM withdrawal N/A | N/A |
Reward Redemption Fees Voucher redemptions are usually Nil on EDGE Rewards. | ₹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 No cheque payment fee is charged | N/A |
Cash Payment Fees ₹175 cash payment fee per deposit. | ₹175 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹5000 | ₹500 |
| ₹5001 - ₹10000 | ₹750 |
| Above ₹10,000 | ₹1200 |
Understanding the exact costs associated with the Axis Burgundy Magnus Credit Card is critical before...
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Understanding the exact costs associated with the Axis Burgundy Magnus Credit Card is critical before...
Understanding the exact costs associated with the Axis Burgundy Magnus Credit Card is critical before applying, given its super-premium tier. While the rewards are massive, the fees and penalties are equally steep if you fail to manage your account carefully. Below is a detailed breakdown of every fee you might encounter.
The Joining Fee is Rs. 30,000. This one-time fee is charged when your card is issued. While it is a heavy upfront cost, the bank provides welcome benefits (like a Postcard Hotels voucher or flight ticket) worth up to Rs. 12,500 to help offset this expense.
The Annual Fee is Rs. 30,000. From the second year onwards, this fee is charged annually. However, the annual fee is waived if you spend Rs. 25 lakh or more during the year. For example, if you spend Rs. 2.1 lakh every month, your total annual spend hits Rs. 25.2 lakh, and the Rs. 30,000 fee drops to zero.
Regarding the APR or Interest Rate, the Axis Burgundy Magnus operates as a charge card, meaning no finance charges apply since there is no revolving credit facility. All charges are due immediately on the statement's due date. If your statement balance is Rs. 50,000, you must pay the entire Rs. 50,000 by the due date to keep the account in good standing.
Late Payment Charges are calculated based on your outstanding balance slabs. The fee is Rs. 0 for balances under Rs. 100; Rs. 100 for balances up to Rs. 500; Rs. 350 for balances up to Rs. 1,000; Rs. 550 for balances up to Rs. 5,000; Rs. 750 for balances up to Rs. 10,000; Rs. 1,100 for balances up to Rs. 25,000; and a maximum of Rs. 1,300 for balances above Rs. 25,000. For instance, if you forget to pay a Rs. 15,000 bill, you will be hit with a Rs. 1,100 late fee.
The Foreign Transaction or Forex Markup Fee is 3.5%. This is charged on any transaction made in a currency other than INR. If you spend USD 1,000 on a hotel in Dubai (roughly Rs. 83,000), the 3.5% forex markup will add an extra Rs. 2,905 to your statement.
For ATM Cash Withdrawals, services are currently unavailable for this card within India, and international withdrawals are restricted to specific limits. Even if available, cash withdrawals on credit cards accrue massive fees and should be avoided entirely.
A Rent Payment Convenience Fee of 1% applies to any rental transactions made using the card. If you use your card to pay Rs. 40,000 in monthly rent, the bank will charge an additional Rs. 400 surcharge. Furthermore, rent transactions do not earn reward points.
A Railway Surcharge of 1.8% (with a minimum of Rs. 10) is applied when booking railway tickets online. If you buy a train ticket worth Rs. 2,000 through the IRCTC portal, a surcharge of Rs. 36 is added to your bill.
A Cash Payment Fee of Rs. 100 is levied if you walk into an Axis Bank branch and pay your credit card bill using physical cash. You can easily avoid this Rs. 100 charge by paying your bill online via net banking or UPI.
A Cheque Payment Fee of Rs. 50 is charged in specific scenarios involving manual processing. More importantly, if your cheque bounces or an auto-debit fails, heavy dishonor fees apply. Ensuring your linked account has sufficient funds avoids this Rs. 50 penalty.
The Reward Redemption Fee is Not Applicable on this card. When you convert your 50,000 EDGE Reward Points into 40,000 airline miles or Rs. 10,000 in statement credit, the bank does not deduct any processing fees from your value.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 30,000 |
| Annual Fee | Rs. 30,000 (Waived at Rs. 25 Lakh spend) |
| Forex Markup | 3.5% |
| Rent Payment Surcharge | 1% |
| Railway Surcharge | 1.8% (Minimum Rs. 10) |
| Cash Payment Fee | Rs. 100 per deposit |
| Late Payment Fee | Up to Rs. 1,300 based on balance |
| Reward Redemption Fee | Nil |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 30,000. It is charged once at the time of card issuance.
What is the annual or renewal fee?
The annual renewal fee is Rs. 30,000, charged from the second year onwards.
Is there an annual fee waiver based on spending?
Yes, the Rs. 30,000 annual fee is completely waived if you spend Rs. 25 lakh or more during the year.
How can I get this card lifetime free?
The Axis Burgundy Magnus is not offered as lifetime free. You must meet the Rs. 25 lakh spend milestone to get the fee waived annually.
What is the interest rate if I don't pay my full balance?
This card operates on a charge card model with no revolving credit, meaning the full balance must be paid immediately on the due date.
How is the interest calculated on outstanding balances?
Because there is no revolving credit facility, failing to pay the balance in full results in late fees and severe penalties rather than standard daily interest accrual.
What are the late payment charges?
Late fees range from Rs. 0 to Rs. 1,300 depending on the unpaid balance amount.
Is the late payment fee different based on outstanding amount?
Yes, it is slab-based. For example, a balance of Rs. 8,000 incurs a Rs. 750 fee, while a balance over Rs. 25,000 incurs the maximum Rs. 1,300 fee.
What is the forex markup for international transactions?
The bank charges a 3.5% forex markup fee on all transactions made in a foreign currency.
Can I withdraw cash using my credit card?
Cash withdrawal services are unavailable for this card in India. You should use alternative methods for cash requirements.
Are there fees for paying rent with this card?
Yes, a 1% surcharge is applied to all rental transactions made using this card.
Is there a fee for paying my bill in cash?
Yes, depositing physical cash at an Axis Bank branch to clear your bill will cost you a Rs. 100 cash payment fee.
What are the charges for railway ticket bookings?
A 1.8% surcharge (minimum Rs. 10) is levied on railway ticket bookings.
Is there a fee to redeem my reward points?
No, there is zero fee charged for redeeming your EDGE Reward Points.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
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Commonly Asked Questions
What identity documents are required?
You need your physical PAN Card and your Aadhaar Card number for the Video KYC verification process.
What income proof is required for salaried employees?
Salaried individuals must submit their latest 2 months' salary slips and latest 3 months' bank statements showing salary credits to prove the Rs. 1.5 lakh monthly income.
What income proof is required for self-employed individuals?
Business owners must submit their latest complete Income Tax Returns (ITR) showing a minimum net profit of Rs. 24 lakh, along with business continuation proof.
Do I need to submit physical photographs?
No, since the process relies on Video KYC, the bank agent will capture your live photograph during the video call.
What happens if my Aadhaar address does not match my current address?
If you live somewhere else, you must provide valid communication address proof (like a utility bill or rental agreement) and ensure you are within 50 km of that address during VKYC.
Can I submit a digital copy of my PAN card during VKYC?
No, you must present the original, physical hard copy of your PAN card to the camera during the Video KYC session.
Who Should Get This Card?
The High-Spending Business Owner: If you routinely route business expenses, high-end travel, and large vendor payments through your credit card, easily crossing Rs. 2 lakh a month, this card is a goldmine. The accelerated rewards will fund your family's international first-class flights every year.
The Luxury Traveler: With unlimited lounge access, 4 guest passes, and VIP Meet and Assist services, anyone who values comfort and speed at the airport will extract immense value from the travel perks alone.
Who Should SKIP This Card? If your monthly expenses hover around Rs. 50,000 to Rs. 1,00,000, you should look elsewhere. You will never trigger the 35-point accelerated reward rate, and the base 1.2% reward rate is too low to justify the Rs. 30,000 annual fee. Furthermore, if you cannot easily hit the Rs. 25 lakh annual waiver target, the carrying cost of this card is too steep.
Credit Limit and What to Expect
As a super-premium credit card requiring an income of Rs. 24 lakh, you can expect a very generous initial credit limit. High limits are essential here because to truly benefit from the 35 points per Rs. 200 accelerated reward rate, you need to spend above Rs. 1.5 lakh monthly.
Your actual limit will depend on your existing credit score, income verification, and past repayment behavior. If you use the card heavily and clear your bills in full each month, Axis Bank routinely reviews accounts for credit limit enhancements.
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Commonly Asked Questions
What starting credit limit can I expect?
Given the strict Rs. 24 lakh income requirement, starting credit limits for this card range from Rs. 3 lakh to Rs. 10 lakh and can go significantly higher based on your profile.
Will checking my eligibility lower my credit score?
Checking eligibility involves a soft pull that does not impact your score. However, submitting the final application triggers a hard inquiry, which briefly affects your score.
How can I increase my credit limit?
Maintain a low credit utilization ratio, pay your bills in full before the due date, and update your income records with the bank to qualify for limit enhancements.
Can my credit limit be decreased?
Yes, if you consistently default on payments or if your credit score drops significantly, the bank reserves the right to reduce your credit limit.
Does the credit limit affect my reward points cap?
Yes, the accelerated rewards (35 points per Rs. 200) are capped strictly at your assigned credit limit plus Rs. 1.5 lakh per month.
Is there a limit on how much I can spend in a single day?
You can spend up to your total available credit limit in a single day, though extremely large or unusual transactions might trigger a temporary security block until you confirm them.
How to Apply?
Applying for the Axis Burgundy Magnus Credit Card is a streamlined process, especially if you already have your documents ready. The quickest method is to apply online through the Axis Bank website or via verified partner platforms. During the application, you will need to fill in your personal details, employment information, and income figures.
Once your preliminary details are approved, you must complete the Video KYC (VKYC) process. For a successful VKYC, ensure you have a stable internet connection, a well-lit room, and your original PAN card in hand. The bank mandates that the VKYC must be completed within 50 km of your Aadhaar or communication address. If you attempt the VKYC from outside this 50 km radius, your application will be rejected, and you will lose out on any application-related rewards. Furthermore, tracking of your application ID will be completed within 72 hours of generation.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply directly on the official Axis Bank website or through trusted financial partner portals to secure the best current offers.
What is Video KYC and is it mandatory?
Video KYC is a digital verification call with a bank agent. It is mandatory for online applications to verify your physical PAN card and live location.
Are there location restrictions for Video KYC?
Yes, you must be physically located within 50 km of your registered Aadhaar or communication address during the call. If you are further away, the application will be rejected.
What do I need for a successful Video KYC call?
Keep your physical original PAN card ready, ensure you are in a quiet and well-lit room, and turn on your device's location services.
How can I track my application status?
You will receive an Application ID which will be tracked and updated within 72 hours of generation. You can use this ID on the bank's portal to check your status.
How long does the approval process take?
Once your VKYC is completed successfully and documents are verified, final approval takes 5 to 7 working days.
That’s the full story of this credit card
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Top Benefits
Top Benefits
Superior Miles Conversion for Burgundy
earn 4 partner miles for every 5 EDGE Reward Points, delivering higher value compared to regular Magnus
Unlimited Lounge Access
gives unlimited domestic and international airport lounge visits with complimentary Priority Pass membership, including 4 accompanying guest visits per year
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