Axis Bank

Axis Bank Magnus Credit Card

12 EDGE Reward points per ₹200 on the first ₹1.5 lakh of spend each calendar month and 35 per ₹200 above that (up to your credit limit plus ₹1.5 lakh), plus 60 per ₹200 on the first ₹2 lakh a month booked on Axis's Travel EDGE portal. Axis's published value is ₹0.20 a point on its rewards catalogue, so that's about 1.2%, 3.5% and 6% back. Points can also move to 20 airline and hotel partners at 5 points to 2 partner miles. Fuel, utility and telecom bills, insurance, gold and jewellery, government payments, wallet loads and tolls earn nothing.

₹12,500 joining, ₹12,500 a year
Mastercard

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Good

Low forex markup (2%)
Open to self-employed applicants

Watch out for

At ₹12,500 a year, it doesn't beat a free card's rate on any spend
High joining fee: ₹12,500 up front
Earns nothing on fuel, insurance, wallet loads, utility bills and government payments
Can't be used on UPI (not a RuPay card)

Who it's for: Frequent flyers who use airport lounges and can meet the fee waiver.
Skip it if: You mainly pay by UPI.

Worked out from the bank's published terms with the same rules for every card, never from what we earn. How we judge cards.

Rewards (value back as % of spend)

Everyday spends: 1.2% (base rate)
Online shopping: 1.2%
Fuel: 0%
Groceries: 1.2%
Travel: 1.2%
Bills and utilities: 0%
Dining and food delivery: 1.2%

Fees and charges

Joining fee: ₹12,500
Annual fee: ₹12,500
Fee waiver: Annual fee waived if you spend ₹25 lakh in the previous card year. Rent, wallet loads, gift cards, utility and telecom bills, government payments, insurance, gold and jewellery, fuel, EMI and cash withdrawals don't count towards it. If you pay the joining fee and use the card within 30 days of issue, you can pick a ₹12,500 welcome voucher from Luxe, The Postcard Hotels or Yatra. Both fees are nil for new Axis Burgundy salary account customers (from 1 Jul 2026) whose net monthly salary credit is ₹2 lakh or more, but that version has no welcome voucher and Axis can withdraw the offer.
Forex markup: 2%
Fuel surcharge waiver: 1% waiver on fuel transactions of ₹400 to ₹4,000, up to ₹400 per statement cycle. Fuel earns no points, and a 1% fee applies once fuel spend passes ₹50,000 in a statement cycle.

Benefits and eligibility

Airport lounge: Unlimited international lounge visits with Priority Pass for the primary cardholder, plus 4 guest visits a card year. Unlimited visits to Axis's listed domestic lounges after ₹50,000 of spend in the previous 3 calendar months; a new card needs no spend in its month of issue and the next 3 months. Domestic lounges are entered with the Magnus card, not Priority Pass, since 28 Aug 2026.
Card network: Mastercard
UPI payments: No
Minimum income (salaried): ₹2,00,000 a month
Eligibility: Age 18 to 70 and resident in India, with a net salary of ₹24 lakh a year or an income tax return showing ₹24 lakh a year. A payslip, Form 16 or IT return is accepted as income proof. Approval is at Axis Bank's discretion.

Fees exclude GST. Reward rates are the value back you get at the bank's published redemption value; where a bank doesn't publish what a point is worth, we leave the rate blank rather than guess. See how we compare cards.

Compare it with other cards

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CreditParakh is not a bank or lender. Approval, limits and final terms are decided by Axis Bank.

What changed recently

28 Aug 2026FeesWorse for you
Markup on rupee-billed payments at foreign merchants (dynamic currency conversion) rose from 1.5% to 2%.
Before: 1.5% · After: 2%
Bank's notice or terms
28 Aug 2026FeesWorse for you
Late payment fee for balances of ₹50,000 and above set at ₹1,300; lower slabs unchanged.
After: ₹1,300 on balances of ₹50,000 and above
Bank's notice or terms
28 Aug 2026Excluded spendsWorse for you
Bridge fees, road fees and tolls no longer earn reward points.
After: No points on bridge fees, road fees and tolls
Bank's notice or terms
28 Aug 2026Lounge accessWorse for you
Priority Pass no longer works at domestic lounges in India; domestic visits now use the Magnus card at Axis's listed lounges.
Before: Priority Pass accepted at 10 listed domestic lounges, such as Agartala, Amritsar, Bhopal, Guwahati and Varanasi · After: Domestic lounges only with the Magnus card, at Axis's lounge list
9 of the 10 Priority Pass domestic lounges aren't on Axis's card lounge list (Kochi's Earth Lounge is). Lounges after immigration at Indian international terminals still count as international.
Bank's notice or terms
1 Jul 2026FeesBetter for you
Joining and annual fees became nil for new Axis Burgundy salary account customers whose net monthly salary credit is ₹2 lakh or more; this version has no welcome voucher. Everyone else still pays ₹12,500.
Before: ₹12,500 joining and annual fee for all · After: Nil for qualifying Burgundy salary customers (onboarded from 1 Jul 2026), ₹12,500 otherwise
Axis can withdraw the offer, and the card moves to the ₹12,500 fee if the salary account leaves the Burgundy segment.
Bank's notice or terms

All card changes, month by month

Questions people ask

Is the Axis Bank Magnus Credit Card worth it in 2026?

Only if you'll use the airport lounge visits and can meet the fee waiver; the rewards alone don't cover the fee. The catch: earns nothing on fuel, insurance, wallet loads, utility bills and government payments.

Is the Axis Bank Magnus Credit Card lifetime free?

No. It costs ₹12,500 to join and ₹12,500 a year, plus GST. Annual fee waived if you spend ₹25 lakh in the previous card year. Rent, wallet loads, gift cards, utility and telecom bills, government payments, insurance, gold and jewellery, fuel, EMI and cash withdrawals don't count towards it. If you pay the joining fee and use the card within 30 days of issue, you can pick a ₹12,500 welcome voucher from Luxe, The Postcard Hotels or Yatra. Both fees are nil for new Axis Burgundy salary account customers (from 1 Jul 2026) whose net monthly salary credit is ₹2 lakh or more, but that version has no welcome voucher and Axis can withdraw the offer.

Does the Axis Bank Magnus Credit Card work on UPI?

No. Only RuPay credit cards can be linked to UPI, and this isn't one.

Does the Axis Bank Magnus Credit Card give airport lounge access?

Unlimited international lounge visits with Priority Pass for the primary cardholder, plus 4 guest visits a card year. Unlimited visits to Axis's listed domestic lounges after ₹50,000 of spend in the previous 3 calendar months; a new card needs no spend in its month of issue and the next 3 months. Domestic lounges are entered with the Magnus card, not Priority Pass, since 28 Aug 2026.

What earns no rewards on the Axis Bank Magnus Credit Card?

No points on fuel, utility and telecom bills, insurance, gold and jewellery, government payments, wallet loads, gift cards, tolls and road or bridge fees, cash withdrawals, or fees and interest. Points are taken back if a purchase is converted to EMI. Rent earns points only on the first ₹50,000 a month. Excluded spends, Travel EDGE bookings up to ₹2 lakh and Axis offer portals such as Grab Deals and Gyftr don't count towards the ₹1.5 lakh a month needed for the higher rate.

Is there a limit on rewards with the Axis Bank Magnus Credit Card?

The 60 points per ₹200 (about 6%) on Axis's Travel EDGE portal applies to the first ₹2 lakh of portal bookings each calendar month, up to 60,000 points (₹12,000 at ₹0.20 a point). Portal bookings above that earn 35 per ₹200, about 3.5%. The higher 35 points per ₹200 (about 3.5%) applies only to eligible spend above ₹1.5 lakh in a calendar month, and stops once that month's eligible spend passes your credit limit plus ₹1.5 lakh. Spend beyond that earns 12 per ₹200 again. Rent payments earn points only on the first ₹50,000 a calendar month; rent above that earns nothing.

Who can get the Axis Bank Magnus Credit Card?

The bank publishes a minimum income of ₹2,00,000 a month for salaried applicants. Self-employed people can apply: ITR of ₹24 lakh a year; age 18-70; resident in India. Age 18 to 70 and resident in India, with a net salary of ₹24 lakh a year or an income tax return showing ₹24 lakh a year. A payslip, Form 16 or IT return is accepted as income proof. Approval is at Axis Bank's discretion. Approval is at the bank's discretion.

How we checked this card: the CreditParakh team read Axis Bank's own product page on 19 Oct 2026. Every fee, rate and rule above comes from those pages; where they disagree, we say so. We re-check every card monthly and log changes on card changes. See our editorial standards.

Last verified 19 Oct 2026 on Axis Bank's official page. Fees and rewards change; check the issuer's terms before you apply.

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