Experience the epitome of luxury and rewards with the Axis Bank Magnus Credit Card. As one of the best super premium credit cards in India and the world, this card offers unparalleled benefits and rewards. Let’s delve into everything you need to know about this highly sought-after credit card.
Fees and Benefits
- Joining Fee: INR 10,000+GST
- Welcome Benefit: INR 10,000 TataCliq voucher (or) flight ticket
- Renewal Fee: INR 10,000+GST
- Renewal Benefit: INR 10,000 TataCliq voucher (or) flight ticket
- Rollover Fee waiver: On spending more than INR 15 lakhs
Forex Markup Fee
- Foreign Currency Markup Fee: 2%+GST = 2.4%
- Rewards – Markup Fee = 4.8% – 2.4% = ~2.4%
Note: The TataCliq voucher is a temporary welcome benefit option and may be discontinued at any time. If you choose the one-way economy flight ticket, it will be capped at Rs. 10,000.
Availing the TataCliq voucher is the best option as it almost covers the welcome fee, except for the INR 1800 GST portion. Upon your first transaction, you will receive an SMS with a link to redeem the welcome benefit in just a few clicks. If you don’t receive the link, call Axis Concierge (18001034962) after generating two statements.
Product Details
The Axis Bank Magnus Credit Card offers an array of enticing benefits, ensuring a rewarding experience for cardholders:
- Welcome/Annual Gift: Choose between a complimentary domestic flight ticket or a Tata Cliq voucher worth INR 10,000.
- Reward Points: Earn 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases.
- Travel Edge Rewards: Enjoy 5X EDGE REWARDS on travel spends through the Travel Edge portal.
- Monthly Milestone Rewards: Receive 25,000 bonus Edge Points every month upon achieving a spend milestone.
- Airport Lounge Access: Benefit from unlimited domestic airport lounge access and complimentary international lounge visits every year with Priority Pass.
- Discounted Stays at Oberoi Hotels: Enjoy discounted stays at Oberoi Hotels, adding to your luxurious experiences.
- BookMyShow Offer: Avail a discount of up to Rs. 500 on the next BookMyShow ticket, up to 5 times a month.
- Dining Delights Program: Delight in a 40% discount of up to Rs. 1,000 via EazyDiner at 4,000+ restaurants across India.
- Credit Shield Cover and Purchase Protection: Stay protected with a credit shield cover worth Rs. 5 lakh and purchase protection worth Rs. 2 lakh.
- Medical Benefits: Access various medical benefits, including a medical concierge, second medical opinion, preventive healthcare diagnostic programs, and global travel and medical assistance.
- Low Fees: Benefit from a lower interest rate (2.5% per month), a foreign currency mark-up of 2%, and zero cash withdrawal fees.
- 24×7 Dedicated Concierge Service: Receive round-the-clock assistance for flight or hotel reservations, gift deliveries, and more.
The Card
The Axis Bank Magnus Credit Card is now available in a sleek metal form factor on the Visa Infinite platform, adding to its premium appeal. However, differentiating between the metal and non-metal variants may be challenging. If you hold the previously issued plastic card under the Mastercard platform, rest assured that there is no need to worry.
Rewards and Milestones
While the Axis Bank Magnus Credit Card offers a range of benefits, its rewards and milestone program further enhance the cardholder’s experience:
- Reward Points: Earn 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases. These reward points can be redeemed for a variety of options, including flight tickets, hotel bookings, merchandise, gift vouchers, and more.
- Travel Edge Rewards: When you book your travel through the Travel Edge portal, you can earn 5X EDGE REWARDS Points. This allows you to accumulate rewards faster and enjoy more benefits on your travel expenses.
- Monthly Milestone Rewards: As a Magnus Credit Card holder, you have the opportunity to earn 25,000 bonus Edge Points every month upon achieving a spend milestone. This encourages regular usage of the card and offers additional rewards for your spending.
Read this – Axis Bank Vistara Infinite Credit Card
Travel and Lifestyle Benefits
The Axis Bank Magnus Credit Card caters to your travel and lifestyle needs with its exclusive benefits:
- Airport Lounge Access: Enjoy unlimited domestic airport lounge access, allowing you to relax and unwind before your flight. Additionally, you are entitled to complimentary international lounge visits every year through Priority Pass.
- Discounted Stays at Oberoi Hotels: Indulge in luxury with discounted stays at Oberoi Hotels. This exclusive privilege adds to your travel experiences and ensures you enjoy world-class hospitality.
- BookMyShow Offer: Get up to Rs. 500 off on your next BookMyShow ticket, up to 5 times a month. This offer allows you to enjoy movies, events, and performances at a discounted price.
- Dining Delights Program: Experience culinary delights with a 40% discount of up to Rs. 1,000 through EazyDiner. This offer is available at over 4,000 participating restaurants across India, making dining out a more enjoyable and affordable experience.
- Credit Shield Cover and Purchase Protection: The Axis Bank Magnus Credit Card provides you with a credit shield cover worth Rs. 5 lakh, offering financial protection in case of unforeseen circumstances. Additionally, it offers purchase protection worth Rs. 2 lakh, safeguarding your purchases against damage or theft.
- Medical Benefits: Access various medical benefits, including a dedicated medical concierge, second medical opinion, preventive healthcare diagnostic programs, and global travel and medical assistance. These services ensure your well-being and peace of mind, both at home and during your travels.
- Low Fees: Benefit from a lower interest rate of 2.5% per month, a foreign currency mark-up of 2%, and zero cash withdrawal fees. These features make the Axis Bank Magnus Credit Card a cost-effective choice for your financial needs.
- 24×7 Dedicated Concierge Service: The card offers round-the-clock concierge assistance for various services, including flight or hotel reservations, gift deliveries, and more. The dedicated concierge service ensures that your needs are taken care of promptly and efficiently.
Eligibility Criteria for the Axis Bank Magnus Credit Card:
To be eligible for the Axis Bank Magnus Credit Card, applicants need to meet the following criteria:
- Age: Primary cardholders must be between 21 and 70 years old, while add-on cardholders must be above 18 years old.
- Income: The minimum annual income requirement for both salaried and self-employed applicants is Rs. 18 lakh.
Documents Required:
When applying for the Axis Bank Magnus Credit Card, applicants will need to provide the following documents:
- Identity Proof: Aadhar Card, PAN Card, Voters’ ID, Passport, or Driving License.
- Address Proof: Aadhar Card, recent utility bills, Passport, or Driving License.
- Proof of Income: Latest salary slips/bank statements for the past month or the latest audited Income Tax Return (ITR).
How to Apply for the Axis Bank Magnus Credit Card:
Applicants can apply for the Axis Bank Magnus Credit Card either online or offline. To apply online, follow these steps:
- Click on the “Apply Now” button at the top of the page.
- Under “Explore Products,” select “Cards.”
- Choose “Credit Cards” and click on “Explore more.”
- Select the “Magnus Credit Card” and click on “Apply Now.”
- Fill in all the required details accurately and proceed with the application.
- For offline application, visit the nearest Axis Bank branch with all the necessary documents.
Customer Care:
For any inquiries or assistance regarding the Axis Bank Magnus Credit Card, you can contact Axis Bank’s retail phone banking numbers: 1860 419 5555 or 1860 500 5555. In case of card blocking, you can reach the 24×7 helpline at +91 22 67987700.
For more details visit to the official website
Conclusion
The Axis Bank Magnus Credit Card is designed to provide a super premium experience to its cardholders. With a wide range of benefits, including rewards, travel and lifestyle privileges, and dedicated services, this credit card stands out as a rewarding choice. Enjoy luxury, convenience, and exclusive offers with the Axis Bank Magnus Credit Card and elevate your financial journey to new heights.