Axis Magnus Credit Card: Apply Now

Axis Magnus Credit Card is a premium credit card offered by Axis Bank, one of the leading private sector banks in India.

This credit card is designed for high net worth individuals and comes with a host of exclusive features and benefits.

Some of the key features of Axis Magnus Credit Card include:

Welcome benefits: Customers get welcome benefits of up to Rs. 20,000 on joining the card.

Reward points: Cardholders earn 10 reward points for every Rs. 200 spent on the card.

Lounge access: Cardholders can enjoy complimentary access to premium airport lounges across India and abroad.

Golf privileges: Cardholders can enjoy complimentary rounds of golf every month at select golf courses across India.

Concierge service: Axis Magnus Credit Card comes with a dedicated concierge service that can help customers with travel bookings, restaurant reservations, and other lifestyle-related services.

Insurance benefits: Cardholders are eligible for complimentary air accident insurance and lost card liability insurance.

Exclusive discounts: Cardholders can enjoy exclusive discounts on luxury brands, dining, and lifestyle products.

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Axis Magnus Credit Card comes with an annual fee of Rs. 10,000 and is available by invitation only. The eligibility criteria and other terms and conditions may vary based on the bank’s discretion.

Axis Magnus Credit Card: Product Details

Axis Magnus Credit Card is a premium credit card offered by Axis Bank, which is one of the leading private sector banks in India. This credit card is designed for high net worth individuals who enjoy exclusive privileges and benefits. Here are some of the key product details of the Axis Magnus Credit Card:

Joining Benefits: Customers get a welcome benefit of up to Rs. 20,000 on joining the card.

Annual Fees: The Axis Magnus Credit Card comes with an annual fee of Rs. 10,000, which is one of the highest among credit cards in India.

Eligibility: Axis Magnus Credit Card is available by invitation only. The eligibility criteria and other terms and conditions may vary based on the bank’s discretion.

Reward Points: Cardholders can earn 10 reward points for every Rs. 200 spent on the card. These reward points can be redeemed for a range of gifts and services, including vouchers, merchandise, and air miles.

Lounge Access: Cardholders can enjoy complimentary access to premium airport lounges across India and abroad. This benefit is available at select airports, and cardholders need to present their Axis Magnus Credit Card to avail of this facility.

Golf Privileges: Cardholders can enjoy complimentary rounds of golf every month at select golf courses across India. This benefit is available on a first-come, first-served basis and is subject to availability.

Concierge Service: Axis Magnus Credit Card comes with a dedicated concierge service that can help customers with travel bookings, restaurant reservations, and other lifestyle-related services.

Insurance Benefits: Cardholders are eligible for complimentary air accident insurance and lost card liability insurance.

Exclusive Discounts: Cardholders can enjoy exclusive discounts on luxury brands, dining, and lifestyle products.

Axis Magnus Credit Card: Fees & Charges

Axis Magnus Credit Card is a premium credit card that comes with a range of exclusive privileges and benefits. However, it also comes with certain fees and charges that cardholders need to be aware of. Here are the key fees and charges associated with the Axis Magnus Credit Card:

Joining Fee: There is no joining fee for the Axis Magnus Credit Card, as it is available by invitation only.

Annual Fee: The Axis Magnus Credit Card comes with an annual fee of Rs. 10,000, which is one of the highest among credit cards in India.

Interest Rate: The interest rate on the Axis Magnus Credit Card is 2.5% per month or 30% per annum.

Late Payment Charges: If the minimum amount due is not paid by the due date, a late payment fee of 3% of the outstanding balance or Rs. 300, whichever is higher, is charged.

Over Limit Charges: If the credit limit is exceeded, an over limit fee of 3% of the over limit amount or Rs. 500, whichever is higher, is charged.

Cash Withdrawal Charges: If cash is withdrawn using the Axis Magnus Credit Card, a fee of 2.5% of the transaction amount or Rs. 500, whichever is higher, is charged.

Foreign Currency Transaction Fee: If transactions are made in foreign currency using the Axis Magnus Credit Card, a fee of 3.5% of the transaction amount is charged.

Axis Bank Magnus Credit Card: Travel Benefits

Axis Bank Magnus Credit Card is a premium credit card that comes with a range of exclusive travel benefits for cardholders. Here are some of the key travel benefits of the Axis Bank Magnus Credit Card:

Airport Lounge Access: Cardholders can enjoy complimentary access to premium airport lounges across India and abroad. This benefit is available at select airports and cardholders need to present their Axis Bank Magnus Credit Card to avail of this facility.

Travel Insurance: Cardholders are eligible for complimentary travel insurance that covers various travel-related contingencies, such as lost baggage, trip delay, and medical emergencies.

Hotel and Car Rental Discounts: Cardholders can enjoy exclusive discounts on hotel bookings and car rentals through the Axis Bank Magnus Credit Card.

Air Miles Redemption: Cardholders can redeem their reward points for air miles with leading airlines such as Jet Airways and Vistara. This can help them save on their travel expenses.

Complimentary Airport Transfers: Cardholders can enjoy complimentary airport transfers to and from select airports in India.

Foreign Exchange Markup Waiver: Cardholders can enjoy a waiver on foreign exchange markup fees when using their Axis Bank Magnus Credit Card for international transactions.

Priority Pass Membership: Cardholders can get a complimentary Priority Pass membership that gives them access to over 1000 airport lounges around the world.

Axis Bank Magnus Credit Card: Movie & Dining Benefits

Axis Bank Magnus Credit Card offers a range of exclusive movie and dining benefits to cardholders. Here are some of the key benefits in this category:

Dining Discounts: Cardholders can enjoy exclusive discounts of up to 20% at select partner restaurants across India. This can help them save on their dining expenses.

Complimentary Dining: Cardholders can enjoy complimentary meals at select partner restaurants when they dine with their friends or family.

Movie Offers: Cardholders can enjoy discounts of up to 25% on movie tickets booked through select partner websites and apps. They can also get free movie tickets when they meet the minimum spend criteria on their Axis Bank Magnus Credit Card.

Gourmet Delights: Cardholders can enjoy exclusive gourmet experiences, such as wine tastings and food festivals, at select partner restaurants.

Culinary Workshops: Cardholders can attend culinary workshops and masterclasses by leading chefs and experts at select partner restaurants.

Dining Concierge Service: Axis Bank Magnus Credit Card comes with a dedicated dining concierge service that can help customers with restaurant recommendations, table reservations, and other dining-related services.

Axis Bank Magnus Credit Card: Insurance Benefits

Axis Bank Magnus Credit Card comes with a range of insurance benefits for cardholders. Here are some of the key insurance benefits of the Axis Bank Magnus Credit Card:

Air Accident Insurance: Cardholders are eligible for complimentary air accident insurance cover of up to Rs. 2 crore. This insurance covers accidental death or disability that occurs during air travel.

Lost Card Liability Insurance: Cardholders are eligible for a lost card liability insurance cover of up to Rs. 3 lakh. This insurance covers any fraudulent transactions that may occur on the card after it is lost or stolen.

Purchase Protection: Cardholders can enjoy purchase protection insurance cover of up to Rs. 2.5 lakh. This insurance covers any loss or damage to the items purchased using the Axis Bank Magnus Credit Card.

Travel Insurance: Cardholders are eligible for complimentary travel insurance that covers various travel-related contingencies, such as lost baggage, trip delay, and medical emergencies.

Medical Insurance: Cardholders can enjoy complimentary medical insurance cover of up to Rs. 10 lakh. This insurance covers medical emergencies that may occur during travel.

Personal Accident Insurance: Cardholders are eligible for personal accident insurance cover of up to Rs. 25 lakh. This insurance covers accidental death or disability that may occur due to any accident.

Axis Bank Magnus Credit Card Reward Points

Axis Bank Magnus Credit Card offers reward points on every eligible transaction made using the card. Here are the key details about the reward points program:

Reward Point Earning: Cardholders can earn 20 reward points for every Rs. 200 spent using the Axis Bank Magnus Credit Card. The reward points can be earned on all eligible transactions made using the card, including retail purchases, online transactions, and utility bill payments.

Accelerated Reward Points: Cardholders can earn accelerated reward points on select categories such as international spends, online transactions, and spends at select partner merchants.

Reward Point Redemption: Cardholders can redeem their reward points for a range of options such as air miles, hotel bookings, merchandise, and gift vouchers. The redemption value of the reward points varies depending on the redemption option chosen by the cardholder.

Validity of Reward Points: The reward points earned using the Axis Bank Magnus Credit Card are valid for a period of 3 years from the date of accumulation. Cardholders need to redeem their reward points within this period, failing which the points will expire.

Bonus Reward Points: Cardholders can earn bonus reward points on meeting certain spend milestones on their Axis Bank Magnus Credit Card. The bonus reward points can be earned in addition to the regular reward points earned on eligible transactions.

People also ask (FAQ)

1. Which Axis credit card is best?

The best Axis credit card for you depends on your spending habits, lifestyle, and financial goals. Here are some of the most popular Axis Bank credit cards and their benefits:

Axis Bank Ace Credit Card: This card is best for frequent shoppers and comes with benefits like accelerated reward points on shopping, dining, and online transactions. It also offers complimentary lounge access and fuel surcharge waivers.

Axis Bank Flipkart Credit Card: This card is best for online shoppers who frequently shop on Flipkart. It offers accelerated reward points on Flipkart and other partner merchants, fuel surcharge waivers, and milestone benefits like gift vouchers.

Axis Bank Vistara Signature Credit Card: This card is best for frequent travelers who fly with Vistara airlines. It offers complimentary lounge access, air accident insurance, and accelerated reward points on Vistara bookings.

Axis Bank Freecharge Credit Card: This card is best for those who frequently use the Freecharge wallet for payments. It offers accelerated reward points on Freecharge transactions, fuel surcharge waivers, and milestone benefits like cashback on annual spends.

2. What is the minimum credit limit for Axis Bank credit card?

The minimum credit limit for an Axis Bank credit card varies depending on the type of card you are applying for and your creditworthiness as determined by the bank. The credit limit is decided by the bank based on several factors, including your income, credit score, credit history, and other financial obligations.

Generally, most Axis Bank credit cards have a minimum credit limit of Rs. 25,000. However, some entry-level credit cards may have a lower credit limit.

It’s important to note that the credit limit offered by Axis Bank can be increased or decreased at the discretion of the bank based on your credit utilization, repayment history, and other factors. If you wish to increase your credit limit, you can contact Axis Bank customer care or visit the nearest branch to request a limit enhancement.

3. Can I get credit card on 20k salary?

It is possible to get a credit card on a salary of Rs. 20,000 per month, but it depends on several factors, including your credit score, credit history, and other financial obligations. The credit card approval process considers various factors such as your income, age, employment status, credit history, and credit score to determine your eligibility for a credit card.

If you have a good credit score and a clean credit history, you may be eligible for a credit card with a low credit limit. However, if you have a low credit score or a poor credit history, you may find it challenging to get a credit card.

Before applying for a credit card, ensure that you read the terms and conditions, including fees and charges associated with the card, and compare them to other credit cards available in the market. Additionally, make sure to use the credit card responsibly by paying your bills on time and not exceeding your credit limit to avoid high interest charges and penalties.

4. What is the limit on a 50 000 salary credit card?

The credit limit on a credit card for a salary of Rs. 50,000 per month can vary based on several factors, including your creditworthiness, credit history, and other financial obligations.

Credit card companies usually offer credit limits that range from 1 to 2 times the monthly income of the applicant. Therefore, if your monthly salary is Rs. 50,000, the credit limit on your credit card could be in the range of Rs. 50,000 to Rs. 1,00,000.

However, the actual credit limit offered may also depend on the type of credit card you are applying for, as well as the terms and conditions of the credit card issuer. Some credit cards may offer higher credit limits based on factors like your spending patterns and repayment history.

It’s important to remember that the credit limit offered by the credit card company can be increased or decreased at their discretion based on your credit utilization, repayment history, and other factors. It’s essential to use your credit card responsibly and pay your bills on time to maintain a good credit score and credit history.

5. How to get 1 lakh credit card limit?

Getting a credit card with a limit of Rs. 1 lakh depends on several factors, including your income, credit score, credit history, and other financial obligations. Here are some tips that may help you increase your chances of getting a credit card with a limit of Rs. 1 lakh:

Improve your credit score: A high credit score increases your chances of getting a credit card with a higher credit limit. Ensure that you maintain a good credit score by paying your bills on time, keeping your credit utilization ratio low, and avoiding multiple credit applications in a short period.

Increase your income: A higher income can increase your chances of getting a credit card with a higher credit limit. Consider getting a second job or taking up freelancing work to increase your income.

Apply for a premium credit card: Premium credit cards usually come with higher credit limits. However, these cards may also have higher eligibility criteria and fees.

Show a good repayment history: If you have taken loans or have other credit card debts, ensure that you have a good repayment history to show that you are a responsible borrower.

Maintain a healthy balance between your income and debt obligations: Credit card companies also consider your debt-to-income ratio while determining your credit limit. Ensure that you have a healthy balance between your income and debt obligations to increase your chances of getting a higher credit limit.