This is the same product on a different payment network. Everything on this page applies to both rails — the differences are below. Pick the rail you want; you apply for it directly with the bank.
Same fee and EDGE Miles structure, UPI-linkable on RuPay - but EDGE earning on UPI spends is capped at ₹50,000/month.
In-depth review
Axis Bank Magnus Credit Card
The Magnus was once India's most coveted miles card; a relentless run of devaluations, capped by a brutal April 2026 round, has dismantled it. Marriott is gone, Accor is back only at a weak 5:1, the ratio was halved back in 2023, and real returns sit at ~1.2–2%. There's still a usable card for the dedicated optimiser who masters the surviving partners — but as a card to chase, the king is dead.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹12,500 in vouchers, points or cashback in year one — usually conditional on a first spend within 30–90 days
2.4% on Other
12 EDGE Reward Points per ₹200 on all spends (~2.4% at ₹0.40/pt). Above ₹1.5L/month spend earns 35/₹200 across ALL categories, up to your credit limit + ₹1.5L a month, then back to 12 — a spend tier, not a merchant rate. The Axis Travel EDGE portal earns 60/₹200. Both accelerators, not baseline.
Airport Lounge Access
Unlimited domestic and international visits, plus 4 guest visits a year (cut from 8, 20 Apr 2024). Domestic needs ₹50,000 eligible spend in the previous 3 calendar months (from 1 May 2024). From 28 Aug 2026 Priority Pass no longer opens Indian domestic lounges — show card and boarding pass.
Annual Fee Waiver
Fee of ₹12,500 + 18% GST (₹14,750 all-in)/yr fully waived when you spend ₹25,00,000/year
✈️ TRAVEL BENEFITS
Lounge access, miles, forex rates and travel perks at a glance.
AIRPORT LOUNGE ACCESS
Unlimited visits
Domestic lounges
Priority Pass
International lounges
₹24,000
Estimated annual value
2%
Forex markup
- Domestic + international airport lounge access (worth ~₹24,000/yr)
- Low forex markup: 2.0%
👑 PREMIUM LIFESTYLE BENEFITS
Concierge, golf, hotel membership and high-value perks for premium cardholders.
This is your card if you book through Axis's own Travel EDGE portal — 5X there is 60 EDGE Reward Points per ₹200 on up to ₹2 lakh of portal spend a month — and if you clear ₹1.5 lakh a month, which is what unlocks the incremental 35/₹200 tier. MakeMyTrip, Goibibo and IRCTC carry no accelerator and earn the plain 12/₹200. Points transfer to Air India, Singapore Airlines and British Airways.
Full reward structure
What you earn on every rupee, per spend category — as of 11 Oct 2026. Rates assume 1 pt = ₹0.40. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Other | reward points | 2.4%6 pts/₹100 × ₹0.40 | — |
Other: 12 EDGE Reward Points per ₹200 on all spends (~2.4% at ₹0.40/pt). Above ₹1.5L/month spend earns 35/₹200 across ALL categories, up to your credit limit + ₹1.5L a month, then back to 12 — a spend tier, not a merchant rate. The Axis Travel EDGE portal earns 60/₹200. Both accelerators, not baseline.
Earns nothing on: Utility Bills · Wallet Loads · Government & Tax · Insurance · Fuel · Cash Advances · Gold and jewellery · Tolls & Road Fees · Gift Cards & Vouchers
These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 11 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹14,750 |
| Joining fee (incl. 18% GST) | ₹14,750 |
| Finance charge (APR) | 3% p.m. |
| Forex markup | 2% |
Perks & benefits
Estimated annual value beyond rewards — ~₹25,200/yr in total.
Unlimited domestic and international visits, plus 4 guest visits a year (cut from 8, 20 Apr 2024). Domestic needs ₹50,000 eligible spend in the previous 3 calendar months (from 1 May 2024). From 28 Aug 2026 Priority Pass no longer opens Indian domestic lounges — show card and boarding pass.
1% fuel-surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹400 per statement cycle — note that fuel itself earns no EDGE Reward Points on this card
Should you get it?
- Best for: High spender clearing ₹1.5L+/month (unlocks the incremental 35/₹200 rate), Miles collector targeting business class redemptions, ₹1L+/month total spender, Axis Bank salaried or business account holder
- Premium tier — a solid all-rounder for steady monthly spend.
- Strongest value if you spend heavily on everyday spends (2.4% back).
- Frequent travellers benefit from the included airport lounge access.
Pros & cons
✓ Pros
- Earns an incremental 35 EDGE Reward Points per ₹200 (vs the base 12) on all spend above ₹1.5 lakh in a calendar month — a high-spend accelerator across every category, not a travel-merchant rate
- Complimentary Priority Pass with unlimited international lounge visits, plus 4 guest visits a year
- 2% forex markup — strong for international travel spend
- Unlimited domestic lounge access, no cash-advance fee, and a 1% fuel-surcharge waiver in the ₹400–₹4,000 band
✕ Cons
- ₹12,500 annual fee requires ₹25L spend to waive — this is a card for big spenders
- Milestone benefits were discontinued in the April 2026 devaluation — spend now only counts toward the ₹25L fee waiver
- The April 2026 devaluation removed Accor and Marriott as transfer partners (Accor returned in September 2026, but at 5:1); with the 5:2 ratio inherited from the 2023 reset, real return sits at ~1.2–2%
- Qatar Airways Privilege Club (August 2026) and Accor (September 2026) returned to the table, but at 5:1 on the Magnus — half the standard rate, alongside British Airways, Finnair, Lotusmiles, IndiGo BluChip and Cathay Pacific
- EDGE Reward Point transfers carry minimums, a one-loyalty-ID rule and Group A/B annual caps (100,000 / 400,000 points)
Eligibility & documents
This is the figure for salaried applicants. Where Axis Bank sets a separate one for the self-employed, its own eligibility page gives it.
Documents required
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Latest 3 months bank statement
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Axis Travel EDGE Portal: Book flights and hotels via the Axis travel portal using EDGE Reward Points. No blackout dates. (₹0.20/point)
- 🎁Airline Transfer Partners: Transfer to Air India, Singapore Airlines or other EDGE partners at 5:2 — 5 EDGE Reward Points for 2 partner miles, so about ₹0.40/point at ₹1/mile (British Airways, Finnair, Vietnam Airlines Lotusmiles, IndiGo BluChip, Qatar Airways Privilege Club, Cathay Pacific and Accor convert a rung worse at 5:1). The best route on the card.
- 🎁Cashback: Redeem EDGE Reward Points against the card statement at the floor rate. (₹0.20/point)
What your Axis EDGE Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Standard EDGE Reward Points
Gift-voucher catalogue
Flights & hotels
Reserve/Magnus 5 EDGE RP → 2 partner miles (₹1/mile ⇒ ₹0.40/pt); Burgundy Private 5:4 (₹0.80/pt) uniformly; Select/Privilege/Rewards 10:1 on most partners but 5:1 on AirAsia and SpiceJet. British Airways, Finnair, IndiGo BluChip, Lotusmiles, Qatar, Accor & Asia Miles sit a rung worse (5:1) on Reserve/Magnus and the Atlas family — but the SAME on Burgundy Private, Select/Privilege/Rewards and IOCL Premium, so this is not a blanket rule. Min 300 EDGE RP; most transfers land in 3 business days, a few take 10.
✈ Transfer partners
Direct transfers from this card only, ranked by what a point is worth in the destination programme — plus 19 more partners. Full calculator, every currency →
The transfer programme has been cut round after round — ratio halved to 5:2 in September 2023, caps split into Group A/B in April 2024, Accor and Marriott dropped and the last milestones discontinued in April 2026 — so the high-value redemptions Magnus was bought for are largely gone.
Frequently asked questions
How does the 35 points per ₹200 rate work?
Which airlines accept EDGE Reward Point transfers?
What is the annual fee waiver?
How many Priority Pass visits are included?
Has Axis devalued Magnus recently?
Is the Magnus ever free?
How will Axis apply my payment across the outstanding balance from 28 August 2026?
How has the Axis Bank Magnus Credit Card changed over time?
Has the Axis Bank Magnus Credit Card been devalued recently?
When did the Axis Bank Magnus Credit Card's fees last change?
How did the Axis Bank Magnus Credit Card change in 2026?
The bottom line
Post the April 2026 devaluation the regular Magnus is a shadow of its former self: Marriott is gone from the transfer table, Accor is back only at 5:1, the last milestones were cut, and the 5:2 ratio it inherited from the 2023 reset leaves real return at ~1.2–2%. At ₹12,500 it is now hard to justify over cheaper, steadier earners unless you are deep in the Axis Burgundy ecosystem — or you are offered it lifetime-free through a Burgundy Salary account.
How this page was built
Counted from this card’s own record: 1 earn rule, the spends listed as earning nothing and 2 recorded perks. The renewal fee is conditional — it is waived on a published spend target, so the fee you pay depends on what you spend.
Last updated 11 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the Axis Bank Magnus Credit Card are taken from Axis Bank's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 11 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for Axis Bank. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
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Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2019 · last change Nov 2026
2026
- ▼ BenefitObserved 29 Jul 2026 · Effective 15 Nov 2026
Complimentary memberships renew only if you opt in
Memberships renewed automatically each year→Renewed only with the cardholder's explicit consent
From 15 November 2026 the complimentary memberships attached to the card — the lifestyle, dining and travel programmes bundled with the annual fee — renew only if you actively consent. Axis says renewal details and consent options will be shared closer to each renewal date. Read it as a cost-control move: a benefit you have to remember to claim is a benefit fewer people claim, so if you value one of these memberships, watch for the consent prompt rather than assuming it rolls over.
Verification: Axis Bank ↗ · Confidence: High
- ▲ TransferEffective 22 Sept 2026
Accor ALL returns as a transfer partner, in Group A
Accor ALL unavailable since 2 April 2026→Accor ALL back, in Group A
Accor Live Limitless is back in the EDGE transfer table, almost six months after Axis removed it on 2 April 2026. It returns in Group A, so it shares the smaller annual cap, and on several cards at a less generous ratio than the card gives its airline partners; the Atlas, for instance, moves 2 EDGE Miles into 1 Accor point where most of its airlines get 1 into 2. Check the card's own transfer table before planning a large transfer.
Verification: Axis Bank ↗ · Confidence: High
- ▲ TransferEffective 22 Sept 2026
Cathay Asia Miles, Lufthansa Miles & More and Hilton Honors added
None of the three available→Asia Miles in Group A; Miles & More and Hilton Honors in Group B
Three new programmes joined the EDGE transfer table in the same overnight change. Cathay Pacific Asia Miles sits in Group A with the smaller annual cap; Lufthansa Miles & More and Hilton Honors sit in Group B with the larger one. Ratios vary by card.
Verification: Axis Bank ↗ · Confidence: High
- ▼ TransferEffective 22 Sept 2026
Club ITC removed as a transfer partner
Club ITC available→Club ITC removed
Axis dropped Club ITC from its EDGE transfer table in the same overnight change. It had been one of the better-value hotel routes left after the April 2026 cut, since ITC points redeem against stays and dining at ITC hotels in India.
Verification: Axis Bank ↗ · Confidence: High
- ▼ TransferEffective 22 Sept 2026
Flying Blue, Air India and Qantas moved into the smaller Group A transfer cap
Group B (the larger annual transfer allowance)→Group A (a quarter of the Group B allowance); ratios unchanged
Axis moved Air France-KLM Flying Blue, Air India Maharaja Club and Qantas Frequent Flyer from Group B to Group A of its EDGE transfer partners, overnight and without notice. The conversion ratios did not change, but Group A carries a quarter of the Group B annual allowance, so far fewer points can reach these three programmes each year. On the Atlas, for example, the most that can go to Air India in a calendar year falls from 1,20,000 EDGE Miles to 30,000.
Verification: Axis Bank ↗ · Confidence: High
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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