Axis Bank offers a range of credit cards, and among them, the Axis Magnus Credit Card stands out as a top choice, especially for those who are big spenders and seek rewarding benefits. While it faced some changes in September 2023, it remains a valuable card for many users. Here's a detailed overview of what you need to know about this popular credit card in India.
Axis Bank Magnus Credit Card Basics:
Fees:
The Axis Magnus Credit Card Review
The Axis Magnus Credit Card is now issued in a metal form on the Visa Infinite platform, providing a premium look and feel. While there are no significant differences in appearance between the metal and plastic cards, they both offer the same benefits.
Rewards:
Applying for the Axis Magnus Credit Card is straightforward through the Axis website, with quick approval times.
Bottom Line:
The Axis Magnus Credit Card emerges as a power in the credit card world, capturing attention with its features. Despite changing in September 2023, it remains a compelling choice, especially for Axis Burgundy account holders. The fee structure, metal card upgrade, and versatile rewards scheme contribute to its features. While the elimination of milestone rewards is a drawback, the card compensates with unlimited lounge access, airport meets & greet services, and Bookmyshow offers. The Card Rating of 4.2/5 emphasizes its position as a premier choice for high spenders. The expectations are high for enhanced service and support, making the Axis Magnus Credit Card a fascinating journey into the world of premium credit experiences.
Axis Bank Magnus Credit Card Basics:
- Type: Super Premium Credit Card
- Reward Range: 1.2% to 12%
- Annual Fee: ₹12,500 + GST
- Best for: Axis Burgundy Customers
- USP: Airport meet & greet services
Fees:
- Joining Fee: ₹12,500 INR + GST
- Welcome Benefit: Equivalent Welcome Gift
- Renewal Fee: ₹12,500 INR + GST
- Renewal Benefit: None
- Renewal Fee Waiver: On spending > ₹25 lakhs
The Axis Magnus Credit Card Review
The Axis Magnus Credit Card is now issued in a metal form on the Visa Infinite platform, providing a premium look and feel. While there are no significant differences in appearance between the metal and plastic cards, they both offer the same benefits.
Rewards:
- Regular Spend: 12 RP / ₹200 (1.2%)
- Edge Rewards Portal (5X): 60 RP / ₹200 (6%)
- Accelerated Rewards: For spends exceeding ₹1.5 Lakhs a month, users receive 35 points / ₹200 (~14%), making it highly rewarding for high spenders.
- TravelEdge Transfer Ratio: Customers with Axis Burgundy Savings Account enjoy a better transfer ratio of 5:4, enhancing the value of their points.
- Milestone Rewards: While the milestone benefit was discontinued in September 2023, it previously provided substantial rewards for high-spenders, making the card even more appealing.
- Airport Lounge Access: The card offers unlimited domestic lounge access and a Priority Pass for international lounges, limited to 8 guest accesses per card anniversary year.
- Airport Meet & Greet: Complimentary airport meet & greet services, with 8 accesses per year, provide VIP assistance for hassle-free airport transfers.
- Golf Benefit: The Axis Magnus Credit Card does not offer complimentary golf benefits but compensates with other valuable services.
- Add-On Cards: Getting add-on cards can be challenging, but Axis Bank is improving its processes. However, managing add-on cards may require additional effort.
- Bookmyshow Offer: Users can avail of buy one get one offer on movie and non-movie bookings, with a monthly limit of 5 bookings.
- Forex Markup Fee: The foreign currency markup fee is 2% + GST, providing potential benefits for Axis Burgundy Customers.
Applying for the Axis Magnus Credit Card is straightforward through the Axis website, with quick approval times.
Bottom Line:
The Axis Magnus Credit Card emerges as a power in the credit card world, capturing attention with its features. Despite changing in September 2023, it remains a compelling choice, especially for Axis Burgundy account holders. The fee structure, metal card upgrade, and versatile rewards scheme contribute to its features. While the elimination of milestone rewards is a drawback, the card compensates with unlimited lounge access, airport meets & greet services, and Bookmyshow offers. The Card Rating of 4.2/5 emphasizes its position as a premier choice for high spenders. The expectations are high for enhanced service and support, making the Axis Magnus Credit Card a fascinating journey into the world of premium credit experiences.
