AXIS Bank MAGNUS Credit Card
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Lounge Access: Yes
Joining Fee: ₹12500 + GST
Annual Fee: ₹12500 + GST
Foreign Transaction Fee: ₹2% + GST
Interest Rates : 42.58% annually
Lounge Access: Yes
Min Credit Score: 750
Minimum Salary: ₹150000
Minimum Business Income: ₹1800000
The AXIS MAGNUS Credit Card is a premium offering designed for the affluent, featuring a diverse array of benefits across dining, travel, movies, and shopping. With an initial fee of INR 12,500, it offers e-vouchers of the same value, making the card virtually free for the first year. Users benefit from generous reward points, movie discounts, and extensive dining privileges, including up to 30% off at partner restaurants. It also comes with unlimited international lounge access and a low 2% Forex Markup fee. Notably, the card allows for a full fee waiver when you spend INR 25 lakhs in the previous anniversary year, further enhancing its value proposition.
Features
- Enjoy 12 Axis EDGE REWARDS Points on INR 200 spending.
- Unlimited complimentary international lounge access.
- 30% discount on dining at over 4000 restaurants in India.
Welcome Offer
- E-vouchers worth INR 12500 to select from either of the providers given below.
- You can select from a Luxe gift card, Yatra gift voucher, or The Postcard Hotels gift voucher.
- Eligible to translate within the first 30 days of card issuance.
Rewards
- Earn 1 reward point for every ₹200 spent on general categories.
- Earn 4x reward points on lifestyle and shopping spends.
Redeemption Rate
- Gift Vouchers (1RP = ₹0.5)
- Cashback (1RP = ₹0.25)
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Frequently Asked Questions
The AXIS Bank MAGNUS Credit Card offers a complimentary airport lounge access program. You'll typically find this benefit listed on your card's benefits page or in your welcome kit. Specific terms and conditions, including access limitations, will be defined by the lounge program provider.
Yes, the AXIS Bank MAGNUS Credit Card usually comes with several supplementary cards available upon request. To determine how to apply for these, please visit the official AXIS Bank website or contact their customer service.
The interest rate on your AXIS Bank MAGNUS Credit Card is variable and depends on several factors including your creditworthiness and prevailing interest rates. The specific APR (Annual Percentage Rate) will be clearly stated in your cardholder agreement.
Spending limits are based on your individual credit history and financial profile. It is determined at the time the card is issued and may be adjusted as your creditworthiness changes. Contact AXIS Bank directly to discuss your spending limits.
To check your AXIS Bank MAGNUS Credit Card balance, you can typically use the online banking portal provided by AXIS Bank, their mobile app, or contact customer service via phone. Please refer to your cardholder agreement for details on available options.