Axis Bank Magnus Credit Card

Lounge access

• Unlimited complimentary domestic airport lounge visits for primary and add-on cardholders (from 1 May 2024, requires minimum spends of ₹50,000 in previous 3 calendar months).
• Unlimited complimentary international lounge visits for primary cardholder via Priority Pass plus 4 complimentary guest visits (revised from 8 to 4 guest visits w.e.f 20 April 2024).

Verified · Terms & Conditions – Axis Bank Magnus Credit Card (April 2024 revision, axis.bank.in host) · 2026-08-04 · source

Forex markup

Foreign Currency Transaction Fee: 2% of the transaction value.

Verified · Terms & Conditions – Axis Bank Magnus for Burgundy Credit Card · 2026-08-04 · source

Charge

• Finance/Interest charge (eff. 20 Dec 2024): 3.0% per month (42.58% per annum) on extended credit and cash advances.
• Cash withdrawal fee: Waived.
• Fee for cash payment at branches: INR 175.
• Late Payment Fee: Nil up to ₹500 due.
• ₹500 for ₹501-5,000.
• ₹750 for ₹5,001-10,000.
• ₹1,200 above ₹10,000.
• Additional ₹100 on missing MAD for two consecutive cycles.
• Over-limit penalty: 2.5% of over-limit amount (min ₹500).
• Cheque return/dishonour/SI/NACH failure: 2% of payment amount (min ₹500).
• Foreign Currency Transaction Fee: 2%.
• Dynamic Currency Conversion markup: 1.5% plus taxes.
• Rent Transaction Fee: 1% per transaction.
• Wallet Load fee (from 20 Dec 2024): 1% on cumulative wallet loads of ₹10,000+ per statement cycle.
• Fuel Transaction Fee (from 20 Dec 2024): 1% on cumulative fuel spends of ₹50,000+ per cycle.
• Education Transaction Fee: 1% on third-party app education payments.
• Utility Transaction Fee: 1% on cumulative utility spends of ₹25,000+ per cycle.
• Online Skill-Based Gaming Fee: 1% on cumulative ₹10,000+ per cycle.
• EDGE Reward Points redemption fee: INR 99 per redemption.
• EDGE Miles redemption fee: INR 199 per transfer.
• Add-on card: Nil.
• Mobile alerts, hotlisting, balance enquiry, replacement, duplicate statement, charge slip retrieval, outstation cheque: Waived.

Verified · Terms & Conditions – Axis Bank Magnus for Burgundy Credit Card · 2026-08-04 · source

Interest-free period

Interest-free grace period ranges from 20 to 50 days, depending on the date of transaction (suspended if any balance from the previous month's bill is outstanding).

Verified · Terms & Conditions – Axis Bank Magnus for Burgundy Credit Card · 2026-08-04 · source

Award example

Example (credit limit ₹5 lakhs, spends ₹8 lakhs in a calendar month): 9,000 points on first ₹1.5 lakhs (12/₹200) + 87,500 points on next ₹5 lakhs at 35/₹200 (₹1.5L to ₹6.5L = credit limit + additional ₹1.5 lakhs) + 9,000 points on the remaining ₹1.5 lakhs at 12/₹200.

Verified · Terms & Conditions – Axis Bank Magnus Credit Card (effective 20 June 2025, latest revision) · 2026-08-04 · source

Milestone benefit

Monthly milestone benefit of 25,000 EDGE Reward Points on monthly spends of ₹1,00,000 has been DISCONTINUED with effect from 1 September 2023.

Verified · Axis Bank Magnus Credit Card product page · 2026-08-04 · source

Redemption value

• 1 EDGE Reward Point = ₹0.20 when redeemed at Gift EDGE portal.
• EDGE Reward Points redemption fee: INR 99 per redemption transaction.
• EDGE Miles redemption fee: INR 199 per redemption transaction on conversion/transfer to a miles partner.

Verified · Axis Bank Magnus Credit Card product page · 2026-08-04 · source

Reward cap

• Accelerated 35 EDGE Reward Points per ₹200 apply only up to spends equivalent to credit limit + additional ₹1.5 lakhs per calendar month.
• Beyond that, 12 EDGE Reward Points per ₹200.

Verified · Terms & Conditions – Axis Bank Magnus Credit Card (effective 20 June 2025, latest revision) · 2026-08-04 · source

Reward exclusion

Verified · Axis Bank Magnus Credit Card product page · 2026-08-04 · source

Transfer partner

Verified · Rewards Program T&C – Magnus Credit Card Accelerated 35 EDGE Reward Points Benefit · 2026-08-04 · source

Transfer rule

• Max 1 lakh EDGE Reward Points transferable cumulatively to Group A partners and max 4 lakh cumulatively to Group B partners in a calendar year (effective 20 Apr 2024).
• Only 1 partner loyalty ID can be linked per partner.
• Must wait 60 days before updating a partner loyalty ID.

Verified · Terms & Conditions – Axis Bank Magnus Credit Card (April 2024 revision, axis.bank.in host) · 2026-08-04 · source

Hotel benefit

The Leela offer (valid 3 Oct 2025 to 30 Sep 2026): 15% savings on bed & breakfast rate at The Leela Palaces, Hotels and Resorts (blackout dates apply; not valid on member rates or highly discounted offers; not combinable with other promotions; not for group bookings of more than 5 rooms).

Verified · harvested from product page · 2026-08-04 · source