Axis Magnus Card Review
| Annual Fee and renewal fee | ₹10000 plus GST (Complimentary economy class flight ticket for domestic locations or TataCliq voucher worth ₹10000 ) |
| Reward type | Edge Reward Points |
| Card Type | HNI |
| Voucher | Call axis Concierge for getting vouchers (1800 103 4962) |
| Rewards | 12 Edge Reward points per 200 of eligible spends (reward rate of around 1.2% as each edge reward is worth ₹0.20). Magnus launched Point transfer recently where one can transfer Edge rewards to different partners like Singapore Airlines, Vistara, Spicejet, airasia, ITC, Marriott international, IHG hotels etc with ratio of 5:4 |
| Milestone Rewards | 25000 edge rewards on spend of 1 Lakh in a calender month |
| Overall Reward rate | 6.2 percent when spends are 1 Lakh in a month. It is more if we consider point transfer with a ration of 5:4 |
| Exclusion | Fuel and certain other categories are not eligible for rewards. Incomplete/ rejected/ invalid/ returned/ cancelled/ refunded/ disputed or unauthorised/ fraudulent transactions are generally not eligible for rewards. Wallet loading is also not considered for rewards.Conversion of transaction to EMI will lead to reversal of CV points |
| Accelerated Rewards | Upto 10x reward points on giftedge of gyftr from Axis BankUpto 45X via grabdeals (max cap is 10000 Reward point per month)5X rewards on Travel Edge |
| New Feature | 8 Airport Meet and Greet facility8 Guest Access in international lounges |
| Lounge Access | Unlimited (Domestic lounges) by credit cardUnlimited with 8 guest access (International lounges) with priority pass |
| How to take the benefit | Use it more than 1 Lakh per month to get maximum benefit. Convert these edge rewards to Airline miles or loyalty programme of Hotels |
| Other benefits | Airport Meet and Greet Facility (8 per year) is good as it may sometimes help you saving some time at the airport. BOGO offer on Bookmyshow for movie and non-movie booking with maximum cap of ₹500 per booking on second ticket. Maimum 5 bookings per month |
| Eligibility | ₹18 Lakh per annum |
| How to apply | If you are customer of axis bank then apply through online mode, if eligible then it will be easiest wayOthers can apply online or through Bank, Generally an affiliate will fill the physical form and will collect the document from you .It may take around 10 days to get the approval. |
| My Experience | I applied through branch and within 7 days it got approved, dispatched and deliveredThe card came with priority pass card.It was a smooth experience |
Disclaimer : The above information is for the purpose of knowledge only and is not a financial advice. Please consult your adviser before taking any such decision. All images, trademarks and logos are property of their copyright owners and we are showing them just for information and knowledge.
