“Empower Your Spending with Axis Bank Magnus Credit Card: A Deep Dive into Exclusive Benefits”

Axis Bank offers many premium cards with strong benefits across varied categories. They offer reward points and cashback to increase the savings on the transactions made. They come up with exciting features and benefits like discounts, offers, conversions of your big purchases into EMI, dining discounts, and many more. Axis Bank credit cards are tailored for all types of spenders, be they travellers or savvy shoppers; these are designed to fulfil the desires of all. Some of the premium credit cards include Axis My Zone Credit Card, Axis Magnus Credit Card, Flipkart Axis Bank Credit Card, Axis Bank Vistara Credit Card, etc.

Should You Opt for This Card?

Mentioned are the reasons one should opt for the Axis Magnus Card:

  • If you are a high spender.
  • If you would be earning substantial rewards per month.
  • In case your annual spending touches INR 25 lakh, you will need to have an annual fee waiver.
  • In case you are a frequent traveller.
  • In case you are looking for free lounge visits and travel benefits.

Features and Benefits

Mentioned below are the features and benefits of the Axis Bank Magnus Credit Card:

  1. Travel Related Benefits:
  • Choose either a Luxe gift card, Post Card hotels gift card or Yatra gift voucher worth INR 12500.
  • Get 8 complimentary airport meet and greet services for a smooth check-in, immigration process and porter services.
  • Get unlimited complimentary international lounge access along with 8 additional guest visits in a year. 
  • Get a discount of 15% off on Best Available Rates on international and domestic properties of Oberoi and Trident.
  • Or get 3rd night on a complimentary basis.
  • Also, get a room upgrade to the next category of rooms, subject to availability.
  1. Lifestyle and Entertainment Related Benefits:
  • Buy 1 movie ticket and get a discount of up to INR 500 off on booking the second one.
  • Get a discount of up to 40% at over 4000 restaurants across India.
  1. Health & Wellness Related Benefits: 
  • Get virtual health assistance, including teleconsultations, home quarantine programs, health coaching, etc.
  •  Get an expert medical opinion from a panel of experts at leading institutions.
  • Get travel benefits and information on visa requirements, emergency evacuations, legal and medical service referrals, etc.
  1. Additional Benefits:
  • Get a waiver on annual fees of INR 12500+ taxes when INR 25 lakhs are spent.
  • Get a lower rate of interest of 3% on extended credit.
  • Get reduced mark-up fees of 2% on foreign transactions.
  • No cash withdrawal fees
  • Get a waiver of fuel surcharge of 1% for transactions between INR 400 and INR 4000. 
  • Earn 12 Edge points per INR 200 when INR 1.50 lakhs are spent. 
  • Get 35 Edge points per INR 200 on incremental spends over INR 1.50 lakhs per month.
  • Get 5X reward points against every 5 edge reward points across 19 travel partners.
  • Get help while making flight bookings, table reservations at restaurants, gifts, etc.

Categories Excluded from earning reward points 

  • Wallet reloads/payments
  • EMI spends
  • Incremental spending on rent payments above INR 50,000 in a month
  • Spends on utilities and government institutions
  • Refunded/reversed/cancelled transactions
  • Credit card fees and charges
  • Cash withdrawals
  • Spends made on Travel Edge up to INR 2 Lakhs in a month, Gyftr, and Grab Deals portal

Eligibility Criteria

Before hitting the Axis Bank Credit Card Apply button, let us know the eligibility parameters required to apply for the Axis Bank Magnus Credit Card:

  • The minimum age of a primary cardholder is 18 years.
  • The maximum age of a primary cardholder is 70 years.
  • The minimum age of an add-on cardholder should be above 18 years.
  • An applicant should have a minimum salary of INR 24 lakhs per annum or Annual income tax as per ITR of INR 24 lakhs.
  • An applicant should be a resident of India.

Fees and Charges

Annual charges – INR 10000

Late payment charges are from INR 300 to 600

ParticularsDetails
Joining Fee₹12500 plus Taxes
Annual or Renewal Fee₹12500 plus Taxes
Spend more than ₹15 lakhs in a YearRenewal Fee- NIL
Interest Rate on the Exceeding Credit Amount2.5%
Cash Withdrawal ChargesNIL

Documents Required

Mentioned below is the list of documents required while applying for Axis Bank Magnus Credit Card:

  • Identity Proof: 
  1. Aadhar Card
  2. PAN Card
  3. Voters’ ID
  4. Passport
  5. Driver’s License, etc.
  • Address Proof:
  1. Aadhar Card
  2. Latest Utility bills
  3. Passport
  4. Driving License, etc.
  • Proof of Income: 
  1. Latest months’ salary slips
  2. bank statements
  3. Latest audited ITR.

Steps to Apply for Axis Bank Magnus Credit Card

Mentioned below are the steps to apply for Axis Bank Magnus Credit Card:

Step 1: Launch the Axis Bank web portal.

Step 2: Click the tab “Credit Cards”. 

Step 3: Choose the desired card that is to be applied.

Step 4: Now, click on “Apply Now”.

Step 5: Tick “Yes” or “No” to choose whether you are an existing Axis Bank customer or not.

Step 6: Fill out the credit card application form with the details required, such as name, state, city, professional details, mobile number, and monthly income.

Step 7: Click on “Contact Me”.

Step 8: After that, a bank representative will call to assist you with the further application process.

Step 9: Also, one can visit any nearest branch along with the documents required to apply for the credit card.

Step 10: The bank representative will then assist you with the application process.

Pros and Cons of having an Axis Magnus Credit Card

Pros:

  • There are no fees for cash withdrawals.
  • The foreign transaction charges are quite low.
  • It provides 24×7 card assistance.
  • Expert medical opinion from world-class specialists.
  • Healthcare packages with SRL diagnostics, Dr Lal PathLab and Metropolis.

Cons:

  • Obtaining add-on cards can be cumbersome, but improvements are underway.
  • 25,000 EDGE Reward Points on monthly spends of ₹1 lakh is discontinued.
  • No reward points on wallet, rent and EMI transactions.
  • A high joining fee of ₹12,500 may limit accessibility for some.
  • High annual fee waiver of ₹25 lakh

Axis Bank Magnus Credit Card Customer Care Number

In case of any queries, problems, or suggestions related to your credit card, feel free to contact us at the mentioned numbers – 1860 419 5555 or 1860 500 5555. 

If you want to block your card, contact our 24*7 helpline, i.e. +91 22 67987700.

Also Visit Here:- falconmediamarketing

Leave a Comment