Verified by CardIQ admin · last checked 04 Jul 2026
36
#86 of 173 in credit
Axis Bank

Axis Bank Magnus Credit Card

creditMastercardPremium

25 EDGE points per Rs 200; miles transfer; unlimited international lounge

Score breakdown

Data completeness: 100% · Last verified: 06 Jul 2026

Reward value24/100 · weight 65%
1.14% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +3.1% score bonus — earns broadly without narrow category restrictions.
Fee efficiency33/100 · weight 11%
Redemption flexibility75/100 · weight 8%
Perks65/100 · weight 8%
Devaluation risk70/100 · weight 8%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
12,500 + 18% GST
= ₹14,750 total
Annual fee
12,500 + 18% GST
= ₹14,750 / year total
Waiver: Spend Rs 25L in a year
Forex markup
2%

Lounge access

Domestic (per year)
0
International (per year)
0

Confirmed devaluation alerts

No confirmed devaluations tracked for this card. That doesn't mean none exist — see the neutral 70/100 devaluation-risk sub-score above.

Reward structure

CategoryTypeRateCapNotes
travelpoints2.00%(8 pts @ ₹0.25)2% travel (estimated)
online_spendspoints2.00%(8 pts @ ₹0.25)2% online (estimated)
diningpoints2.00%(8 pts @ ₹0.25)2% dining (estimated)
groceriespoints1.50%(6 pts @ ₹0.25)1.5% groceries (estimated)
fuelpoints1.00%(4 pts @ ₹0.25)1% fuel (estimated)
utilitiespoints1.00%(4 pts @ ₹0.25)1% utilities (estimated)
all_spendspoints0.50%(2 pts @ ₹0.25)Base earn rate

No rewards on

These categories earn zero rewards on this card. Reward score is scaled down by up to −5%, proportional to how much of the standard basket sits in the excluded categories (v4.3 formula).

wallet loadgovernmentutilitiestelecomfuelinsurancejewellerycashrent

What's inside

Travel privileges

  • Guest Lounge Access

    4 complimentary guest visits per year for domestic and international lounges.

    yearly.

Lifestyle

  • Fuel Surcharge Waiver

    1% waiver on ₹400–₹4,000 spends.

    Cap ₹400 / monthly.