Axis Bank Magnus Credit Card Offers & Benefits

Axis Bank Magnus Credit Card
Credithita Rating : 4.5

Axis Bank Magnus Credit Card

Rewards Rate
  • 12 Axis EDGE REWARDS Points on every ₹200 spent.
  • 2X Axis EDGE REWARDS Points on purchases at MakeMyTrip, Yatra, and Goibibo.
SignUp Bonus
  • Complimentary flight to a domestic location of your choice every year(one-way upto ₹10,000).
Fee
₹10,000
Milestone Bonus
  • Enjoy 25% discount at 600+(5 star dining) fine dine restaurants across India.
  • BookMyShow Buy one ticket and get up to ₹500 off on the second ticket for a maximum of 5 in a month.
Card Brand

Key Details of Axis Bank Magnus Credit Card

  • 12 Axis EDGE REWARDS Points on every ₹200 spent.
  • 2X Axis EDGE REWARDS Points on purchases at MakeMyTrip, Yatra, and Goibibo.
  • Avail upto 8 complimentary international lounge visits per year with the Priority Pass card.
  • Unlimited domestic lounge access in India.
  • 8 complimentary end-to-end VIP services at the airport.
  • Complimentary flight to a domestic location of your choice every year(one-way upto ₹10,000).
  • 25% discount at 600+(5 star dining) fine dine restaurants across India.
  • Upto 20% discount at over 4000 restaurants across India.
  • BookMyShow Buy one ticket and get up to ₹500 off on the second ticket for a maximum of 5 in a month.
  • Annual fee of ₹10,000 + Taxes waived off on spend of ₹15 lakhs in preceding year.
  • Credit shield ₹5 Lakhs
  • Air accident cover ₹4.5 Crore

Fee Details of Axis Bank Magnus Credit Card

  • Joining Fee - ₹10,000
  • Renewal Fee - ₹10,000
  • Annual fee of ₹10,000 + Taxes waived off on spend of ₹15 lakhs in preceding year.

Charges of Axis Bank Magnus Credit Card

Fee Type Charges
Cash withdrawal fee ₹0
Late payment charges
  • Nil for up to ₹100
  • ₹100 for ₹101 to ₹300
  • ₹300 for between ₹301 to ₹1,000
  • ₹500 for between ₹1,001 to ₹5,000
  • ₹600 for between ₹5,001 to ₹20,000
  • ₹700 more than ₹20,001
Penalty for over limit 3% of the over limit amount or ₹500
Auto-debit reversal or cheque return or dishonour fee ₹300
Fee for foreign currency transaction 2% of the total transaction value
Cash payment fee ₹100
Eligibility of Axis Bank Magnus Credit Card
  • Applicant should be either self-employed or salaried.
  • Age should be between 21 and 65.
  • Good credit score.
  • Salary of ₹18 Lakhs per annum or Annual Income Tax Return filed for ₹18 Lakhs.
  • Axis Bank require a minimum CIBIL score of 700 for issuing Credit Card.

Documentation for Axis Bank Magnus Credit Card

  • KYC documents
  • PAN card or Form 60
  • Income proof such as salary slip, Income tax returns Form 16
  • Proof of residence: Passport or driving license or ration card or electricity bill or Landline telephone bill
Accepted Documents
    Proof of Identity
  • PAN Card
  • Aadhaar Card
  • Voter’s ID Card
  • Passport
  • Driving Licence
    Proof of Address
  • Aadhaar Card
  • Passport
  • Utility bills (not more than 3 months old)
  • Any other government-approved ID
    Proof of Income
  • Bank statement for the last 3 months
  • Salary slips for the last 3 months
  • Audited financials for the last two years (for self-employed)
  • Form 16