Unboxing: Axis Magnus Credit Card

Axis Bank has launched the Magnus Credit Card specifically for people who enjoy the finer things in life. The card is a gateway to a luxury lifestyle as it offers concierge services, discounts on luxury hotels, dining, etc. Other features and benefits associated with Axis Bank Magnus Credit Cards are listed below.

The Axis Bank Magnus Credit Card comes in a gray shipment box, in a color scheme that looks similar to the previous color scheme of the box in which the American Express Platinum Charge Card was shipped.

Source: Axis Bank Official Website

Not sure if they process all Magnus credit cards with express delivery, however, this shipment was marked so we may have requested expedited delivery.

We were very surprised to get this card delivered in just 4 working days: from the date of application to receipt of the card.

It is super-fast and even beats the shipment speed of American Express which usually takes 5 working days unless you are in or near Delhi which will speed up the delivery by a day or two.

All important details are mentioned in a single leaflet. The featured brochure is also very simple and to the point, better than 100 glossy pages.

Plastic Magnus vs Metal Magnus: Magnus comes in metal form when they started reissuing the card on the Visa platform. However, apart from minor differences in chip design, both metal and non-metal Magnus credit cards look almost identical.

Overall the box and contents are minimal, which is good in this busy world. Hopefully, their support system will also become as easy as the card unboxing experience.

Axis Bank Magnus Credit Card – Features

• Free Air Travel – You earn one free flight ticket within India per year.
  
  
• Airport Concierge Service – You obtain 8 free end-to-end VIP airport services.
  
  
• Lounge Access – Customers will have the following lounge access.
  • Earn 8 free International Priority Pass lounge visits annually.
  • Earn unlimited visits to preferred Indian airports.

• Hotel Offers – Obtain discounts on stays and room upgrades when you stay at Oberoi Hotels.
  
  
• Offers from BookMyShow – Buy one ticket and get INR 500 off on the second one.
  
  
• Offers from Dineout – Obtain a Dineout Plus membership and a 25% discount at 250+ fine dining restaurants.
  
  
• Extraordinary Weekends – Take advantage of curated experiences designed to make customers’ weekends special.

Axis Bank Magnus Credit Card – Benefits

• Insurance Benefits – Get purchase protection, air insurance, lost card liability, etc.
  
  
• Benefits of Wellness Resorts and Spas – Get discounts and free sessions at wellness resorts and spas.
  
  
• Medical Opinion – Get a medical opinion from experts around the world.
  
  
• Healthcare Benefits – Bring offers on preventive health care packages and other privileges through Dr. Lal PathLab, SRL Diagnostics, and Metropolis.
  
  
• Annual Fee Waiver – Earn an annual fee waiver on spending INR 15 lakhs in an anniversary year.
  
  
• Benefits on Fees and Charges – Users will obtain the following benefits on fees and charges:
  
  
• No fees on cash withdrawal.
  
  
• Only a 2% markup fee on foreign transactions.
  
  
• Finance charges of just 2.5%.
  
  
• 1% Fuel surcharge waiver for transactions between Rs 400 to Rs 4,000.

• Rewards Program – Get 12 Axis EDGE Reward Points on every INR 200 spent. Earn 24 Axis EDGE Reward Points on every INR 200 spent on MakeMyTrip, Yatra, Goibibo, and more.
  
  
• Concierge Service – Get 24×7 dedicated concierge services for table reservations, flight booking, gift delivery, etc.

Axis Bank Magnus Credit Card
Good For: Customers who desire to earn Rewards. Individuals who are looking for a premium credit card. Users who desire airport lounge access.	Bad For:Customers who desire direct Air Miles rewards.Individuals who are looking for a low annual fee credit card.Users that do not travel extensively.

How to Redeem your Reward Points?

Open the Axis EDGE REWARDS Catalog online to view all redemption options. You can redeem the reward points earned on your Axis Magnus Card by selecting the appropriate option from the catalog.

Fees & Charges

Credit Card	Amount
Joining Fee	INR 10,000
Annual Fee	INR 10,000
Finance Charge	2.5% monthly | 34.49% yearly
Cash Advance Fee	2.50% of the amount / Minimum INR 300
Overlimit Charges	2.50% of the over-limit amount/Minimum INR 500
Late Payment Fee	For Outstanding Amount-Less than INR 500: NilFrom INR 501 to INR 5,000: INR 500From INR 5,001 to INR 10,000: INR 750Greater than INR 10,000: INR 1,200
Fuel Transaction Surcharges	1% Waived on a transaction between INR 400 & INR 4,000
Foreign Transaction Fee	2% of the amount

Note: Banks have the right to modify the expenses & charges without initial communication.

Axis Bank Magnus Credit Card Limit

Axis Magnus Credit Card limit can vary from INR 25,000 to INR 5 lakh depending on the applicant’s CIBIL score, income, and other factors. You can request to increase your credit card limit after using it diligently for one year.

Eligibility Criteria & Documents Required for Axis Bank Magnus Credit Card

Eligibility Criteria

• Age – Applicant’s age should be between 18 to 70 years. Add-on card holders should be above 18 years of age.
  
  
• Income – Clients should be earning INR 18 lakh per annum. Acceptance of income tax returns of self-employed clients must be INR 18 lakhs.
  
  
• Citizenship – Applicant should be a citizen of India.

Documents Required

Identity Proof	Aadhaar Card, Voter’s ID Card, Passport, PAN Card, Driving Licence, Central, and State Govt. issued Photo ID Proof, Photo Credit Card, Defence ID Card, etc. (anyone)
Residence Proof	Aadhaar Card, Passport, Bank Account Statement, Ration Card, Letter from any recognized public authority, Telephone Bill, Voter’s ID Card, Electricity Bill, Water Bill (not more than 3 months old), etc. (anyone)
Income Proof	Bank Statements (not more than 3 months old), Salary Slips (not more than 3 months old), Form-16, ITR, etc. (anyone)

How to Apply?

If you want to apply for Axis Bank Magnus Credit Card then you have to follow the below steps:

• Go to the Axis Bank official website.
  
  
• Scroll down and select ‘Credit Card’.
  
  
• You will be taken to a new page, where you have to click on ‘Axis Bank Magnus Credit Card’.
  
  
• You will be taken to a new page where you have to click on ‘Apply Now’.
  
  
• Select whether you are an existing customer of Axis Bank or not. If you are a customer, tick ‘Yes’, otherwise tick ‘No’.
  
  
• Enter required details like your name, state, mobile number, professional details, city of residence, and monthly income.
  
  
• Enter the code to proceed and tick the box where you authorize the lender to contact you about your application for a credit card. Click on ‘Call Me’.
  
  
• A bank representative will contact you and assist you in the process of applying for an Axis Bank Magnus Credit Card.

You can also visit the nearest Axis Bank branch with the required documents. A bank representative will assist you in the process of applying for an Axis Bank Magnus Credit Card.

FAQs on Axis Magnus Credit Card