Axis Bank Launches Magnus Credit Card for its affluent customers

Looking for a detailed & updated review of Magnus Credit Card? Please check out here: Axis Magnus Credit Card Review

Axis Bank after launching Flipkart Credit Card which is one of the best credit cards for beginners, now the focus has moved to the top end customers. Not to mention, Axis Bank already has an invite-only credit card named Axis Reserve at Rs.30K joining fee.

While Axis Bank has been successfully serving the top end segment with its highly rewarding Visatra Infinite Credit Card, not all customers fly Vistara due to its limited network. So here comes a new attempt by Axis Bank to capture the super premium credit card segment with its newly launched Axis Bank Magnus Credit Card that works on the Mastercard network.

Features Overview

Rewards Earn Rate: 1.2% (Regular)- 2.4%(Yatra, goibibo, etc)
Airport Meet & Assist: 8 Complimentary Airport Meet & Greet Services
Domestic Airport Lounge Access: Unlimited via Mastercard (primary & supplementary cards)
International Airport Lounge Access: 8 per annum via Priority Pass (default) + 4 more visits for next year (on 7L spend). This limit can be used to set off GUEST access too, which is new in India.
Movie benefit: Bookmyshow Buy1 Get1 Offer upto Rs.500 per ticket, both movie & non-movie tickets like events, activities, etc. Upto 5 times in a month
Dining Benefit: DINEOUT PLUS MEMBERSHIP (save 25% on 5 star dining)
Hotel Benefit: Oberoi Offer @ 15% Off on BAR + Complimentary Upgrade
Wellness Benefits
Concierge Services: 24/7 concierge for travel/dining/gifting/shopping/events
Markup Fee: 2%+GST on foreign currency
Credit Shield: 5 Lakhs

That’s a good set of benefit covering all aspects of one’s lifestyle: Travel, Dining, Entertainment, Hotel & Wellness. And the 8 Airport Meet & Greet benefit is amazing which is over & beyond CITI Prestige which only gives you 2 meet & greet service.

Fees & Charges

Joining Fee: Rs.10,000+GST
Welcome Benefit: One-way Flight Ticket (upto Rs.10,000)
Renewal Fee: Rs.10,000+GST (Waived on 15L Spend)
Eligibility: ITR 18L & above

You shall apply using the apply now form on the website. Note that if you already have an axis bank credit card, you shall apply for this card separately even without upgrading/downgrading the existing card as Axis bank allows you to hold multiple credits cards at once.