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Axis Magnus Credit Card Review

If you are looking for a super-premium credit card that offers you a luxurious lifestyle, travel, and entertainment benefits, you might want to consider the Axis Magnus Credit Card. This card is designed for high-income individuals who want to enjoy the privilege of unlimited lounge access, discounted stays at Oberoi Hotels, low forex markup fee, and more. In this blog post, we will review the features, benefits, eligibility, and fees of the Axis Magnus Credit Card and help you decide if it is worth applying for.


## Features and Benefits


The Axis Magnus Credit Card comes with a host of features and benefits that make it one of the most rewarding and sought-after cards in Axis Bank's portfolio. Here are some of them:


- Welcome Benefits: As a welcome gift, you can choose either a domestic flight ticket or a Tata Cliq voucher worth Rs. 10,000. You can also get this benefit every year on paying the annual fee.

- Milestone Benefits: You can earn 25,000 bonus Edge Reward Points on spending Rs. 1 lakh or more in a calendar month. You can also get your annual fee waived off by spending Rs. 15 lakhs or more in the previous anniversary year.

- Travel Benefits: You can enjoy unlimited domestic and international lounge access at airports with Priority Pass. You can also get discounted stays at Oberoi Hotels and Resorts and other partner hotels. You can also avail global travel and medical assistance services such as visa information, legal referral, emergency evacuation, etc.

- Movie and Dining Benefits: You can buy one movie or non-movie ticket and get up to Rs. 500 off on the second ticket on BookMyShow (max 5 times a month). You can also enjoy up to 40% discount at over 4,000 restaurants across India under the Axis Bank Dining Delights program.

- Insurance Benefits: You can get credit shield cover (against misuse of the card) worth Rs. 5 lakh and purchase protection worth Rs. 2 lakh with Axis Bank Magnus Card. You can also get air accident cover worth Rs. 4.5 crore and lost card liability cover worth Rs. 3 lakh.

- Health and Wellness Benefits: You can access a range of medical benefits such as medical concierge, second medical opinion, preventive healthcare diagnostic programs, personalized oncology care, and more.

- Fees and Charges Benefits: You can enjoy a lower interest rate of 2.5% per month and a foreign currency mark-up fee of 2% on international transactions. You can also withdraw cash without any cash withdrawal fee (interest charges applicable). You can also get fuel surcharge waiver of 1% for transactions between Rs. 400 to Rs. 4,000.

- Rewards Program: You can earn 12 Axis Edge Reward Points for every Rs. 200 spent on retail purchases and 5X Edge Reward Points on travel spends via Travel Edge. You can redeem your points on the Edge Rewards portal at a value of 1 Edge Reward = Re. 0.20 or transfer them to partner airlines or hotels.


## Eligibility and Fees


To apply for the Axis Magnus Credit Card, you need to meet the following eligibility criteria:


- Age: Minimum 18 years and maximum 70 years

- Income: Minimum Rs. 18 lakhs per annum

- Credit Score: Minimum 750


The fees and charges associated with the Axis Magnus Credit Card are as follows:


- Joining Fee: Rs. 10,000 + GST

- Annual Fee: Rs. 10,000 + GST (waived off on spending Rs. 15 lakhs or more in the previous anniversary year)

- Interest Rate: 2.5% per month

- Foreign Currency Mark-up Fee: 2%

- Cash Withdrawal Fee: Nil (interest charges applicable)

- Fuel Surcharge Waiver: 1% for transactions between Rs. 400 to Rs. 4,000

- Late Payment Fee: Up to Rs. 700 depending on the outstanding balance

- Overlimit Fee: 3% of the overlimit amount or Rs. 500 whichever is higher

- Cheque Return Fee: Rs. 300

- Card Replacement Fee: Nil


## Conclusion


The Axis Magnus Credit Card is a great option for those who want to enjoy a premium lifestyle

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