Axis Magnus Review 2026
Last reviewed:
Quick verdict
Axis Bank's ultra-premium offering that rivals HDFC Infinia in benefits. The 12 EDGE points per ₹200 and unlimited lounge access make it exceptional for frequent travellers. The ₹25L annual spend requirement for fee waiver is aggressive, so this card is truly meant for very high spenders only.
Pros
- Airport lounge access: Unlimited domestic + 8 international (Priority Pass)
- Low forex markup of 2.0% + GST on international spends
- Welcome benefit: 25,000 EDGE Reward points
Cons
- High annual fee of ₹12,500 + GST — only worth it if you use the benefits
- Steep eligibility — minimum income ₹1,50,000/month
- Interest of 3.40% per month (40.80% p.a.) if you carry a balance
Key benefits
- Unlimited domestic lounge visits & priority pass
- Annual fee waiver on ₹25L annual spend
- VIP meet & greet services at airports
- Luxury hotel and dining benefits
Fees & charges at a glance
| Joining Fee | ₹12,500 + GST |
|---|---|
| Annual Fee | ₹12,500 + GST |
| Rewards | 12 EDGE Reward points per ₹200 |
| Welcome Benefit | 25,000 EDGE Reward points |
| Lounge Access | Unlimited domestic + 8 international (Priority Pass) |
| Fuel Surcharge Waiver | 1% waiver on all fuel txns |
| Foreign Txn Fee | 2.0% + GST |
| Interest Rate | 3.40% per month (40.80% p.a.) |
| Credit Limit | ₹5,00,000 - ₹25,00,000 |
| Add-On Card Fee | Free |
| Min Income | ₹1,50,000/month |
| Network | Visa Infinite |
| Contactless | Yes |
| EMI Conversion | Yes |
Who should get this card?
The Axis Magnus is best suited for travel & milestone rewards. It is a super premium card on the Visa Infinite network, and Axis Bank generally looks for a minimum income of ₹1,50,000/month. If your spending matches its reward categories (12 edge reward points per ₹200), the card can pay for its annual fee of ₹12,500 + GST. If not, a lifetime-free card may give you better net value.
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Axis Magnus: frequently asked questions
What is the annual fee of the Axis Magnus?
The Axis Magnus has a joining fee of ₹12,500 + GST and an annual fee of ₹12,500 + GST. Many banks waive the renewal fee when you cross a yearly spend milestone — check the latest waiver condition with Axis Bank.
What rewards does the Axis Magnus give?
12 EDGE Reward points per ₹200. Unlimited domestic lounge visits & priority pass. Annual fee waiver on ₹25L annual spend.
Does the Axis Magnus offer airport lounge access?
Yes. The Axis Magnus offers unlimited domestic + 8 international (priority pass). Lounge programmes are often linked to a minimum spend in the previous quarter, so confirm the current rule with Axis Bank.
What is the eligibility and minimum income for the Axis Magnus?
Axis Bank typically requires a minimum income of ₹1,50,000/month for the Axis Magnus, along with a good credit score (750+ improves approval chances), age of 21 or above, and valid KYC documents (PAN and Aadhaar).
What is the interest rate on the Axis Magnus?
The Axis Magnus charges 3.40% per month (40.80% p.a.) on unpaid balances. Interest is avoided completely if you pay the full statement amount by the due date every month.
What is the forex markup on the Axis Magnus?
The foreign currency markup on the Axis Magnus is 2.0% + GST. Cards with a 2% or lower markup are better for frequent international travel and foreign-currency online shopping.
Can I link the Axis Magnus to UPI?
No. The Axis Magnus runs on the Visa Infinite network. Only RuPay credit cards can be linked to UPI in India at present.
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