Axis Bank Magnus Credit Card

Best for: high spenders clearing ₹1.5L+ a month (to unlock the 35/₹200 accelerated rate), miles collectors aiming for business-class redemptions, anyone spending ₹1L+ a month overall, and existing Axis Bank salaried or business account holders.

A premium-tier card that works well as a steady, high-volume earner.

Best value comes from Other-category spend, which returns about 2.4%.

Regular travellers get real mileage out of the bundled airport lounge access.

• Bumps earning to 35 EDGE Reward Points per ₹200 (nearly triple the base 12) on any spend past ₹1.5 lakh in a calendar month — this applies across every category, not just travel merchants
• Priority Pass membership with unlimited international lounge access, plus 4 guest visits a year
• 2% forex markup, competitive for cardholders who spend abroad
• Unlimited domestic lounge access, no fee on cash advances, and a 1% fuel surcharge waiver between ₹400 and ₹4,000

• The ₹12,500 fee needs ₹25 lakh of annual spend to waive — this card is built for big spenders
• Milestone bonuses were scrapped in the April 2026 devaluation, so high spend now only counts toward the fee waiver, nothing else
• April 2026 also stripped Accor and Marriott from the transfer partner list; combined with the 5:2 ratio from the 2023 cut, real value has settled around 1.2–2%
• Qatar Airways Privilege Club came back in August 2026, but only at 5:1 on this card — half the usual ratio, the same tier as British Airways, Finnair, Lotusmiles and IndiGo BluChip
• Transferring EDGE Reward Points involves minimum thresholds, a single-loyalty-ID restriction, and separate Group A/B annual caps (100,000 and 400,000 points)

Here's how to turn your accumulated points into actual value.

🎁 Axis Travel EDGE Portal: Use points to book flights and hotels directly on Axis's travel portal, with no blackout dates. (₹0.20/point)

🎁 Airline Transfer Partners: Move points to Air India, Singapore Airlines and other EDGE partners at 5:2 — meaning 5 EDGE Reward Points become 2 partner miles, worth roughly ₹0.40/point if a mile is valued at ₹1 (British Airways, Finnair, Vietnam Airlines Lotusmiles, IndiGo BluChip and Qatar Airways Privilege Club convert at a poorer 5:1). This is generally the most valuable way to use points on this card.

🎁 Cashback: Apply points against your statement balance at the lowest per-point rate. (₹0.20/point)

Since the April 2026 devaluation, the standard Magnus isn't the card it once was: Accor and Marriott are gone from the transfer list, the last milestone bonuses have been cut, and the 5:2 ratio carried over from the 2023 reset caps real value around 1.2–2%. At ₹12,500 a year, it's hard to justify over cheaper cards that earn just as steadily — unless you're already well embedded in Axis's Burgundy ecosystem, or you qualify for the fee-free Burgundy Salary issuance route.

Sources & verification

Fees, reward rates, and benefits for the Axis Bank Magnus Credit Card are drawn from Axis Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 14 Aug 2026 . Reviewed by the SarvCred Editorial Team . Always confirm current details on the issuer's site before applying. How we research →

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Fees and reward rates for the Axis Bank Magnus Credit Card are current as of 14 Aug 2026, and can change at the issuer's discretion — always confirm the latest terms on Axis Bank's official card page before applying.