“Axis's flagship super-premium card. Tiered earning (12→35→60 EDGE RP per ₹200) is very rewarding for high spenders. EDGE Miles transfer at 5:2 to 22 travel partners (as of April 2026). Group A: premium airlines like Singapore/British Airways/Etihad/United, Group B: Air India/SpiceJet/Flying Blue etc. April 2026 devaluation removed Accor, Marriott, Qatar but added British Airways (Avios can transfer to Qatar), Vietnam Airlines, Finnair. Many benefits nerfed Apr 2024 (concierge gone, guest lounge halved, BookMyShow gone). Domestic lounge now needs ₹50K spend in prior 3 months. Rent fee is 1% (max ₹1,500). DCC markup 1% on top of 2% forex. Jun 2025 revision confirms earn structure stays same but exclusion approach changes to category-based. Oct 2025 forfeiture policy. ₹25L fee waiver is very high. Price Protection insurance NOT applicable — only Purchase Protection, Baggage, and Credit Shield.”
Fee Waiver: Spend ₹25,00,000 in the preceding card anniversary year. For customers onboarded before Sep 1, 2023: ₹15,00,000 (but after Sep 1, 2024 anniversary, threshold becomes ₹25L for everyone). Excluded MCCs: Rental (6513), Wallet (6540), Priority Pass, EMI, Government (9222/9311/9399/9402), Utilities (4814/4816/4899/4900) — from Sep 2023. Additionally from Apr 20, 2024: Insurance (6300/6381/5960/6051/6012), Fuel (5541/5542/5983), Gold & Jewellery (5094/5944).
Best suited for
Welcome & Onboarding Perks
Spend Milestone Rewards
- 🎯 Spend: ₹1,00,000 monthly25,000 EDGE RP
Airport Lounge Privileges
Dining Offers
Dining Delights Program
Up to 30% discount at 4,000+ partner restaurants across India
Reward Rates
Reward Exclusions
- •Wallet transactions (MCC 6540)
- •Rent payments — capped at ₹50,000/month for rewards (MCC 6513)
- •Priority Pass fees
- •EMI transactions — EDGE RP debited on EMI conversion, NOT credited back on cancellation
- •Utilities & Telecom (MCC 4814/4816/4899/4900)
- •Government Institutions (MCC 9222/9311/9399/9402)
- •Cash advances and repayments
- •Insurance (MCC 6300/6381/5960/6051/6012) — from Apr 20, 2024
- •Fuel (MCC 5541/5542/5983) — from Apr 20, 2024
- •Gold & Jewellery (MCC 5094/5944) — from Apr 20, 2024
- •Fees and charges on card — not counted toward ₹1.5L threshold either
Surcharges & Waivers
Eligibility Requirements
Salaried
Note: Criteria are indicative; bank reserves right to approve/decline.
Documents Required
- •PAN card photocopy or Form 60
- •Latest payslip / Form 16 / IT return copy (proof of income)
- •Residence proof (Passport / Driving license / Electricity bill / Landline telephone bill)
Key Highlights
Frequently Asked Questions
Ready to apply for Axis Magnus?
Annual fee: ₹12,500 + GST