Have you heard of the Axis Magnus Credit Card? It’s a new card gaining popularity due to its amazing benefits. This article will explore what the Axis Magnus Credit Card offersand how it can benefit you.
We’ll also compare it to some of the other popular credit cards on the market to help you decide if it’s the right one for you.
So, what are you waiting for? Keep reading to find out more about the Axis Magnus Credit Card!
What is the Axis Magnus Credit Card?
The Axis Magnus Credit Card is a premium credit card that offers a host of benefits to its users. It has a joining fee of Rs.10,000 + GST and an annual fee of Rs.10,000 + GST. However, this fee is waived at yearly spending of 15 lakhs.
The card comes with a joining benefit of 10,000 Tata Cliq vouchers or 10,000 worth of domestic flight tickets. It also offers Domestic Airport Concierge services, a great perk for frequent travelers.
Another great feature of the Axis Magnus Credit Card is that it comes with Magnus. This allows users to earn rewards at a rate of 6.2% on spending of up to 1 lakh. Plus, there is no limit to the number of rewards earned!
The Axis Magnus Credit Card also comes with a Priority Pass, allowing users to bring in guests for free. This is a great perk, especially if you often travel with friends or family.
So, all in all, the Axis Magnus Credit Card is a great option for those looking for a premium credit card with a host of benefits.
Above are fingerprints of benefits that the Axis Magnus Credit Card offers.
Now let’s see the detailed review of Axis Magnus Credit Card.
Fees & Charges
Here are the axis Magnus credit card charges.
- Joining Fees: Rs.10,000+GST
- Annual Fees: Rs.10,000+GST
However, these fees are waived off if the spending in a year is more than Rs.1,50,000
What is the benefit of the Axis Magnus Credit Card?
The Magnus Credit Card benefits can be categorized into four types: Welcome Benefits, Travel & Stay, Lifestyle and Entertainment, Health & wellness, and More Benefits.
Let’s take a look at each of them in detail.
You are eligible for several perks when you first sign up for the Axis Magnus Credit Card. You can choose between 10,000 Tata Cliq vouchers or 10,000 worth of domestic flight tickets.
This benefit is a great way to welcome new cardholders and help them get started with their new card.
The Axis bank has tried to set off joining fees with welcome benefits. However, the benefits are only worth Rs. 10,000 and still lose the GST part.
Travel & Stay:
The Axis Magnus Credit Card offers a host of benefits regarding travel and stay. Here the key benefits are:
Domestic Airport Concierge services.
- 8 complimentary end-to-end VIP services at the airport.
This perk is great for those who travel often. It provides several services, such as help with check-in, boarding, and baggage handling. This Credit card offers 8 complimentary end-to-end VIP services at the airport.
International Lounge Access.
- Unlimited complimentary international lounge visits
- 8 additional guest visits per year with the Priority Pass card.
The Priority Pass card provides unlimited complimentary international lounge visits and 8 additional guest visits per year. This is a great perk for those who travel often and want to relax in a comfortable environment while they’re away from home.
Domestic Airport lounge access.
- Unlimited visits to select airport lounges in India.
Axis Magnus Credit Cardholders enjoy unlimited visits to select airport lounges in India. This includes premium lounges such as the Plaza Premium at Delhi’s Indira Gandhi International Airport or the TFS Lounge at Mumbai’s Chhatrapati Shivaji International Airport. With a host of comfortable amenities, these lounges are a great place to relax before your flight.
Lifestyle and Entertainment:
The Axis Magnus Credit Card offers several benefits for lifestyle and entertainment. These benefits include:
- Buy 1 Get 1 on BookMyShow: Get 50% off on the second ticket when you book movie tickets on BookMyShow.This benefit is a great way to save money on entertainment expenses.
- Dineout Plus membership: Get 25% off your food bill at over 1,000 partner restaurants across India. This benefit is a great way to save money on dining out.
- Second medical opinion: Get a second medical opinion from Medi Assist, free of charge. This benefit is great for those who want to be sure they’re making the best possible decisions regarding their health.
- Global travel & medical assistance: Get 24-hour assistance from Medi Assist when traveling abroad. This benefit can be helpful if you run into any problems while you’re away from home.
Most people do not use the lifestyle and entertainment benefits offered by the Axis Magnus Credit Card, so this credit card may not be the best for you.
Health & wellness:
The Axis Magnus Credit Card offers a range of benefits for health and wellness. These benefits include:
- Insurance Benefits: Get protection against lost card liability, purchase protection, etc. Axis bank offers a range of insurance benefits with the Magnus Credit Card. These benefits can help you protect yourself against theft, loss, and other problems.
- Medical concierge program: Get access to a team of doctors and specialists who can help you with any medical needs you may have. This benefit is great for those who want access to high-quality healthcare.
- Preventive Healthcare: Benefit from special preventative healthcare packages and privileges with SRL diagnostics, Dr. Lal PathLab, and Metropolis. This benefit is great for those who want to stay healthy.
- The lowered interest rate of 2.5% on extended credit allows cardholders to keep their interest rates low, even when they’re carrying a balance.
- Reduced mark-up fee of 2% on foreign transactions: This benefit allows cardholders to save money when they use their card abroad.
- No cash withdrawal fees: This benefit allows cardholders to withdraw cash from their credit card without fees. However, you still have to pay interest on the cash withdrawn.
Fuel surcharge waiver of 1% for transactions between Rs.400 to Rs.4000: This benefit allows cardholders to save money on fuel costs.
Axis Magnus credit card REWARDS PROGRAM
Here are the rewards that you can earn with the Axis Magnus Credit Card:
Monthly Milestone Benefit:: 25,000 Rewards Points worth Rs.5,000 on monthly spending of Rs.1Lakh (5% reward rate). This is one of the best rewards rates available on any credit card.
Accelerated Reward Rate: 5x reward points ( 60 Rewards points) on every Rs.200 spent on travel spending through Travel Edge (6% reward rate).
And Regular Seconds: 2X eDGE reward points on purchases at Yatra, MakeMyTrip, Goibibo, etc.
Who would be a good candidate for this card?
A good candidate for the Axis Magnus Credit Card would be someone who spends a lot of money each month or someone willing to pay a high annual fee. This card comes with a ton of benefits, so it would be a great option for someone who wants to get the most out of their credit card.
How to get one?
To get the Axis Magnus Credit Card, you can either apply online or in a branch. The online application is very easy to fill out, and you can usually get a decision within minutes. If you prefer to apply to a branch, you can find a list of nearby branches on the Axis Bank website.
The eligibility criteria for the Axis Magnus Credit Card are:
- You must be at least 18 years old
- You must have a valid government-issued ID
- You must have a good credit history
- You must be a resident of India
- Salary of Rs.18 Lakhs per annum or Annual Income Tax Return filed for Rs.18 Lakhs
The above criteria are only indicative and not exhaustive. For more information, please visit the Axis Bank website.
Axis Magnus Credit Card(2022) Review
The Axis Magnus Credit Card is worth checking out if you're a frequent traveler. You get all the standard benefits like points and rewards, but you also get access to domestic airport concierge services that can really make your journey easier. Plus, if you love to travel but hate dealing with airports, the card comes with a free year of airport concierge services. So whether you're looking for a new credit card or want some help making your next trip go more smoothly, the Axis Magnus Credit Card is worth considering.
Have you tried it out yet? What did you think? Let us know in the comments below.