Axis Bank Magnus Credit Card

• Hotel Stay Offers: Cardholders can currently avail a 15% saving on bed and breakfast rates at The Leela Palace Hotels & Resorts, valid till 30 September 2026. Additionally, those holding the new Magnus credit card for Burgundy may select a single voucher valued at Rs. 5,000 from the following options:  Luxe gift card, The Postcard Hotels voucher, Yatra gift voucher

• Dining Discounts: Get up to 30% off at over 4,000 restaurants across India.

• Insurance Benefits: With this credit card you get purchase protection of Rs. 2 lakh and a credit card shield of Rs. 5 lakhs. You also get cover on the loss/delay of baggage and personal documents worth USD 500. 

• Annual Fee Waiver: Exemption from the annual membership fee of Rs.12,500 is granted upon reaching a cumulative expenditure threshold of Rs. 25 lakh or greater during the preceding fiscal year.

• Rewards: Earn 12 EDGE reward points for every Rs. 200 spent on total monthly transactions up to Rs. 1.5 lakh and 35 EDGE reward points for every Rs. 200 spent on monthly transactions exceeding Rs. 1.5 lakh, up to spends equivalent to your credit limit plus an additional Rs. 1.5 lakh in a calendar month. After this, you will earn 12 EDGE reward points for every Rs. 200 spent. You also earn 5X reward points on spends through Travel EDGE and 2 partner miles for every 5 EDGE reward points across 20 travel partners. Do note that the reward points will not be earned on the selected categories like Utility & Telecom, Rent having a cap of Rs.50,000 in a month, Government spends, Wallet recharge, Insurance, Gold & Jewellery, Fuel, Gift Card purchases, Bridge Fees, Road Fees & Tolls, Cash advances and Repayments.

• Fuel Surcharge Waiver: You get a fuel surcharge waiver of 1% capped at Rs. 400, on making transactions between Rs. 400 and Rs. 4,000.
• Concierge Services: You can get 24x7 dedicated concierge services for flight bookings, dining reservations, gift deliveries and more. 

• Other Benefits: You get a lowered interest rate of 3% if credit is extended. The markup fee is reduced by 2% if you conduct a foreign currency transaction, and there is no cash withdrawal fees. 

Eligibility Criteria for Axis Bank Magnus Credit Card

Given below is the eligibility criteria you will have to fulfil in order to apply for Axis Bank Magnus Credit Card:

• Age Eligibility: To apply for the Axis Bank Magnus Credit Card, applicants must be between 18 and 70 years of age. Add-on cardholders must be at least 18 years old. 

• Citizenship Requirement: You must be an Indian citizen to apply. 

• Income Criteria:  A minimum annual salary of ₹24 lakh is required, or you must have filed an Income Tax Return showing an annual income of ₹24 lakh.
• Card Variants: Axis Bank also offers the Magnus Credit Card for Burgundy and the Magnus Lifetime Free Credit Card as separate variants for existing Axis Bank Burgundy banking customers, each with its own eligibility, fees and benefit structure.  

Documents Required for Axis Bank Magnus Credit Card

Given below is the list of documents you will have to submit in order to apply for Axis Bank Magnus Credit Card

• A photocopy of your Permanent Account Number(PAN) Card or Form 60
• Proof of income such as IT return copy, Form 16, or latest pay slip
• Proof of residence such as passport, landline telephone bill, electricity bill, driving licence, etc.

Note: Please note that the list mentioned for documents to be submitted is indicative and may vary from case to case.

How to Apply for Axis Bank Magnus Credit Card

Given below are the steps you will have to follow if you wish to apply for Axis Bank Magnus Credit Card: 

Step 1: Visit the official website of Axis Bank 

Step 2: Scroll down and click on 'Credit Card' 

Step 3: You will be directed to a new page, where you will have to click on 'Axis Bank Magnus Credit Card' 

Step 4: You will be directed to a new page where you will have to click on 'Apply Now' 

Step 5: Select whether you are an existing Axis Bank customer or not. Tick 'yes' if you are a customer otherwise, tick 'no' 

Step 6: Enter the necessary details, such as your name, state, city of residence, mobile number, your professional details, and your monthly income 

Step 7: Enter the code to proceed and tick the box where you authorise the lender to contact you regarding your application for the credit card. Click on 'Call Me' 

Step 8: A representative from the bank will get in touch with you and will help you with the process of applying for Axis Bank Magnus Credit Card 

You can also visit the nearest Axis Bank branch along with the necessary documents. A representative from the bank will help you with the process of applying for Axis Bank Magnus Credit Card. 

Summary

Axis Bank Magnus Credit Card is a premium travel and lifestyle credit card offering unlimited airport lounge access, accelerated EDGE Reward points, hotel privileges, and an annual fee waiver on high spends. It suits high-income individuals who travel often and want elevated banking benefits. Eligible applicants can apply for the Axis Bank Magnus Credit Card online through Axis Bank's official website or at their nearest branch. 

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