Visa, Mastercard ★ Metal Edition 📡 Contactless NFC

Axis Bank Magnus Credit Card for Burgundy

Joining Fee₹30,000

Annual Fee₹30,000

Forex Markup 2%

Application ModeDirect via Bank Website

⚖️ Card Verdict & Target Persona

Who Should Apply

Axis Burgundy private banking clients and high spenders (>₹1.5 Lakhs/month) seeking 5:4 air mile transfers (to Singapore KrisFlyer, Qatar, Accor ALL), 8 Airport Meet & Greet services, unlimited international lounge access with guest passes, and low 2.0% forex markup.

Who Should Avoid

Non-Burgundy customers or spenders who cannot reach the ₹15 Lakh annual spend fee waiver.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

Choice of luxury welcome voucher worth ₹12,500 (Luxe Gift Card, The Postcard Hotels voucher, or Yatra Gift Voucher) on fee payment and first transaction in 30 days

5:4 Air Mile & Hotel Transfer Ratio

5:4 airline and hotel transfer conversion ratio (1 EDGE Point = 0.80 Air Mile / ALL Point) up to 10 Lakh points per year.

7% Accelerated Rewards on Spends > ₹1.5L

Earn 35 EDGE Reward Points per ₹200 (7.0% return) on incremental monthly spends above ₹1.5 Lakhs.

Unlimited Global Lounge Access with Guest Passes

Unlimited complimentary domestic and international airport lounge access worldwide for primary and add-on cardholders + 8 guest visits/year + 8 Airport Meet & Greet services.

💰 Reward Structure & Point Valuation

1 EDGE Reward Points = ₹0.4

Standard Base Earning

12 EDGE Reward Points per ₹200 spent on regular retail up to ₹1.5 Lakhs in a month (2.4% return; 1.92% air mile yield)

Accelerated / Partner Rate

35 EDGE Reward Points per ₹200 (7.0% return; 5:4 transfer ratio = 5.6% net airline/hotel mile return) on incremental monthly retail spends above ₹1.5 Lakhs; 60 EDGE Points per ₹200 on Axis Travel EDGE portal (up to ₹2L spend/month); 8 VIP Airport Meet & Greet services/year

Points Validity:Never Expire

Redemption Fee: ₹0 (Free)

Redemption Modes: 5:4 Airline & Hotel Transfer Partners (Singapore KrisFlyer, Qatar Privilege Club, Accor ALL, Marriott Bonvoy, Turkish Miles&Smiles up to 10L points/yr), Luxury Hotel Stays (ITC Hotels, The Postcard Hotels), Luxury Brand Vouchers (Luxe Gift Card, Apple)

🚫 No Reward Points / Cashback on:

Fuel Wallet Loads Rent Payments Government Transactions Jewellery Insurance Utilities Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✓ Lounge Access Active

🛫

Domestic Lounge VisitsUnlimited complimentary domestic airport lounge access for primary and add-on cardholders

🌐

International Lounge VisitsUnlimited complimentary international airport lounge access worldwide via Priority Pass for primary and add-on cardholders + 8 complimentary guest visits per calendar year

⚠️

Spend Criteria: None (Unconditional VIP access for Burgundy clients)

⚡ Spend Milestones & Special Perks

Annual Fee Waiver ₹1,500,000/yr

Annual renewal fee of ₹30,000 + GST is waived off on spending ₹15,00,000 or more in the previous anniversary year

UPI Payments Support✗ Not Supported

UPI not supported on Visa/Mastercard metal network

Fuel Surcharge Waiver1% Surcharge Waived

1% fuel surcharge waiver for transactions between ₹400 and ₹4,000 (Capped at ₹400/mo)

📋 Eligibility Criteria

✓ Official Criteria

Age Limit18 - 70 Years

Min. Monthly Income₹250,000

Min. Credit Score750 CRIF

Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):2.50% per month (34.49% per annum)

Late Payment Penalties:Late payment charges slab-based up to ₹1,200

Official Bank Portal Application

Get the Axis Bank Magnus Credit Card for Burgundy

Annual Fee: ₹30,000/yr (Waivable)

Personalized Card Matcher

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Frequently Asked Questions

No, Axis Bank Magnus Credit Card for Burgundy has a joining fee of ₹30000 and an annual renewal fee of ₹30000 (plus applicable taxes).