Question 1

What is the annual fee on the AXIS BANK MAGNUS Credit Card and how do you get it waived?

Accepted Answer

The AXIS BANK MAGNUS Credit Card charges ₹12,500 plus GST as a joining fee and the same ₹12,500 again at renewal. Axis Bank waives the renewal fee if you spend ₹25L in the previous year, which is about ₹2,08,333 a month. If your card spend sits below that, treat ₹12,500 as a real yearly cost that your rewards have to clear first.

Question 2

What is the reward rate on the AXIS BANK MAGNUS Credit Card?

Accepted Answer

You earn 60 points per ₹200 on Travel Edge portal spends. Everything else earns 12 points per ₹200. Each point is worth about ₹0.2 when you redeem it well, so ₹10,000 of top category spend gives you 3000 points, roughly ₹600, which is about 6% back. Insurance, Gold/Jewelry, Fuel, Rent earn nothing at all.

Question 3

Does the AXIS BANK MAGNUS Credit Card give unlimited airport lounge access?

Accepted Answer

Yes. The card carries unlimited complimentary domestic and international lounge visits for the primary member, and guest visits are usually chargeable. Lounge access on premium cards is increasingly linked to prior quarter spend, so check your statement page each quarter. This is the single benefit that justifies most of the fee if you fly even once a month.

Question 4

What changed on the AXIS BANK MAGNUS Credit Card recently and is it still worth it in 2026?

Accepted Answer

Capped reward structure (2025); Accor/Marriott/Qatar transfer partners removed + reduced ratios; redemption fee; interest up. The changes are dated May 2025; Apr 2, 2026. At ₹25L of yearly spend the card returns roughly ₹25,000 at its general rate of about 1%, against a ₹12,500 renewal fee. Keep it if you clear the ₹25L waiver spend and your spending really sits in the accelerated category. Drop it at renewal if you do not.

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Axis Bank Magnus Credit Card

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