Axis BankMagnus
Axis Bank ·
Magnus
Joining ₹12,500 · Annual ₹12,500 · Waived on ₹25 lakh of spends in the preceding year
Fee break-even: ≈₹10,41,667/yr through this card at its base rate. Below that, the fee eats the rewards.
Earns EDGE Reward points · assumed 0.2 ₹/point. ₹0.20 per point on Axis's catalogue and Travel EDGE. Transfers run 5 points to 2 partner miles across 20 airline and hotel partners, which can beat ₹0.20 if you value miles well
Verified 13 Aug 2026Forex markupNot stated, assume 3.5%
ConciergeDedicated concierge and Leela hotel privileges
Domestic loungeUnlimited visits to select domestic lounges
EMI₹299 plus GST below ₹50,000, ₹599 plus GST at ₹50,000 and above processing fee · A converted purchase stops earning rewards · The fee is charged on every conversion and is not refunded if you cancel or pre close. Tenures run 3 to 24 months. · EMI conversions earn nothing
International loungeUnlimited international visits plus 4 guest visits a year via Priority Pass
Return by category
| Category | Return | Notes |
|---|---|---|
| Online spend | 1.2% | Base rate |
| Amazon | 1.2% | Base rate |
| Flipkart | 1.2% | Base rate |
| Subscriptions & OTT | 1.2% | Base rate |
| Offline spend | 1.2% | Base rate |
| UPI spending | 0% | No RuPay variant is published, so UPI linking is unavailable |
| Dining | 1.2% | Base rate |
| Swiggy | 1.2% | Base rate |
| Zomato | 1.2% | Base rate |
| Groceries | 1.2% | Base rate |
| Quick commerce | 1.2% | Base rate |
| Swiggy Instamart | 1.2% | Base rate |
| Blinkit | 1.2% | Base rate |
| BigBasket | 1.2% | Base rate |
| Movies & shows | 1.2% | Base rate |
| BookMyShow | 1.2% | Base rate |
| PVR INOX | 1.2% | Base rate |
| Fuel | 0% | Fuel earns nothing |
| Travel (general) | 1.2% | 5X on the Travel EDGE portal rides on top of the base structure, capped per Axis's terms |
| Flights | 1.2% | Uses its travel rate |
| Hotels | 1.2% | Uses its travel rate |
| MakeMyTrip | 1.2% | Uses its travel rate |
| IRCTC rail | 1.2% | Uses its travel rate |
| International | −2.3% | 1.2% reward − 3.5% forex markup |
| Utilities & bills | 1.2% | Base rate |
| Rent | 0% | Rent earns nothing |
| Education fees | 1.2% | Base rate |
| Insurance premiums | 0% | Insurance earns nothing |
| Government & tax | 0% | Government payments earn nothing |
| Wallet loads | 0% | Wallet loads earn nothing |
| Anything else | 1.2% | Base rate |
| Jewellery | 0% | Gold and jewellery earn nothing, per the EDGE terms |
Rates are the card's own published rates, before any spend profile. Add this card inMy cards to rank it against the rest of your wallet.
Also worth knowing
- The Magnus for Burgundy variant carries a ₹30,000 fee with its own terms, this page covers the standard card
Other exclusions
- EMI conversions earn nothing
What we liked
- 35 points per ₹200 above ₹1.5 lakh a month, roughly 3.5%, one of the strongest marginal rates anywhere
- Unlimited domestic and international lounge visits plus 4 guest visits a year
- Mile transfers at 5 to 2 across 20 partners
What to mind
- ₹12,500 a year against a ₹25 lakh waiver
- The month must cross ₹1.5 lakh before the good rate starts
- A separate Burgundy variant at ₹30,000 confuses comparisons
Sources
Every figure above comes from the issuer's own pages and documents. Last verified 13 Aug 2026.