Magnus Card Axis Bank

Axis Bank Magnus Credit Card

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Axis Bank Magnus Credit Card Overview

**Disclaimer: Axis Bank Magnus Credit Card is not a Finserv MARKETS partner product. Offers would be from partner Banks/NBFCs only

 

The Axis Bank Magnus Credit Card is one of the most premium credit card offerings from the private sector bank. With the card, you can enjoy several luxurious benefits including a dedicated concierge service and a plethora of other discounts and offers. Continue reading to know all about the Magnus Credit Card from Axis Bank.  

Features and Benefits of the Axis Bank Magnus Credit Card

 

 

Being one of the top-tier credit cards, the Axis Magnus card comes with several jaw dropping features and benefits across multiple segments such as travel and stay, lifestyle and entertainment, and health and wellness. Interested to know more about this Axis Bank Credit Card benefits and features? Here are a few of the key ones.

1. Welcome Benefit

With the first activation of your Axis Bank Magnus card, you get to choose between a Tata Cliq Voucher worth Rs. 10,000 and a complimentary domestic flight ticket as your welcome benefit.

2. Airport Lounge Access

If you’re a frequent traveller, then the Magnus Axis Bank Credit Card can give you unlimited complimentary access to both international and domestic airport lounges.

3. Insurance Benefits

The Axis Bank Magnus card comes with several insurance benefits such as a purchase protection of up to Rs. 2 lakhs, an air accident cover of Rs. 450 lakhs, a credit shield cover of Rs. 5 lakhs, loss or delay in transportation of your baggage or personal documents to the tune of USD 500, and a lost card liability cover up to your credit card limit.

4. Dedicated Concierge Service

You receive a dedicated 24x7 concierge service as part of the Magnus Credit Card from Axis Bank. The concierge service can be availed to assist you with booking of flight tickets, reserving tables at restaurants, delivering of gifts, and more.

5. Annual Fee Waivers

With the Magnus Card from Axis Bank, you can avail a complete annual fee waiver if your spending in the previous year crosses Rs. 15 lakhs.

The list of features and benefits mentioned above is not exhaustive. For the full list, download the Axis Bank Magnus Credit Card features PDF document from the bank’s official website.

Now that you’re aware of the Axis Bank Magnus Credit Card features and benefits, let’s move on to its fees and charges. Being a prospective applicant of the Axis Magnus Credit Card, it is extremely crucial for you to know all about the various fees and charges applicable on the card.

Fees and Charges

Amount

Annual Fees

Rs. 10,000

Finance Charges

2.5% per month

Fees for Cash Withdrawals

Not Applicable

Overlimit charges

2.50% of the amount over the limit or Rs. 500, whichever is higher

Late Payment Fees

Ranges from Rs. 300 to Rs. 600 depending on the total unpaid outstanding amount

Fees for Foreign Transactions

2% of the amount

Axis Bank Magnus Credit Card Reward Points

The rewards program offered by Axis Bank for the Magnus Credit Card, is nothing short of exceptional. With select transactions that you make, you can not only earn accelerated credit card reward points but also bonus points as well. Here’s a quick look at the rewards program.

  • If your monthly spends are Rs. 1 lakh and above, you receive 25,000 eDGE Reward Points worth Rs. 5,000.

  • For travel spends that you make via the ‘TRAVEL EDGE’ platform, you would be eligible to receive 5X eDGE Reward Points.

  • For every Rs. 200 that you spend on the Axis Magnus card, you earn 12 Axis eDGE Reward Points.

  • For every purchase that you make at platforms like Goibibo, Yatra, and MakeMyTrip, you receive 2X eDGE Rewards Points.

Eligibility Criteria for the Axis Bank Magnus Credit Card

Individuals interested in applying for the Magnus Axis Credit Card are mandatorily required to satisfy a set of conditions laid out by the bank. Check out the Axis Bank credit card eligibility criteria down below.

  1. The applicant should be a resident of India.

  2. The applicant must be aged between 18 and 70 years.

  3. The applicant can either be salaried or self-employed.

  4. The applicant’s annual income must be Rs. 18 lakhs or above and has to provide proof of income.

Documents Required to apply for the Axis Bank Magnus Credit Card

After going through the Axis Bank Magnus Credit Card eligibility criteria, if you find yourself eligible to apply, here’s the list of credit card documents that you would have to submit along with the application.

  1. A copy of your PAN card

  2. A copy of your identity proof - Aadhaar, Passport, Voter’s ID, Driving Licence

  3. A copy of your address proof - Aadhaar, Driving Licence, Passport, Voter’s ID, electricity or landline bill

  4. A copy of your income proof - your latest salary slip, your latest Income Tax Return, Form 16

How to Apply for an Axis Bank Magnus Credit Card?

Since the Magnus Card from Axis Bank is not available on the Finserv MARKETS website, if you wish to apply for it, you would have to do so by visiting the official website of Axis Bank. There, all that you would have to do is fill out an online application, attach all the relevant documents, and submit the same.

On the other hand, if you prefer going through the offline route, you can still apply for the Axis Bank Magnus card by visiting any one of the Axis Bank branches nearest to you. You will have to fill out an offline application and submit the same with the bank officials along with all the necessary documents.

How to reach the customer care of Axis Bank Magnus Credit Card?

If you have any questions regarding the Axis Magnus Credit Card, you can always contact the Axis Bank customer care at 1800 419 0065. Alternatively, if you prefer to put your concerns in writing, you can do it at www.axisbank.com/support

FAQs about Axis Magnus Credit Card

  • ✔️What is the general review of the Axis Magnus Credit Card?

    The Axis Magnus Credit Card reviews in general are overwhelmingly good. Although the card requires an individual to have a high annual income of Rs. 18 lakhs, the benefits, rewards, and offers provided by the card are completely unrivalled.  

  • ✔️What is the maximum usage limit of the Axis Bank Magnus Credit Card?

    The usage limit of the Axis Bank Magnus card tends to vary from one individual to another. To know what your limits are, all that you have to do is log into your credit card account or take a look at your credit card statement. 

  • ✔️Can I make bill payments using the Axis Magnus Credit Card?

    Yes. You can make bill payments using the Magnus Credit Card. That’s not all. You also gain 12 eDGE Rewards Points for every Rs. 200 that you spend.