Credit Card Compare

Axis Bank Magnus Credit Card

Data last updated 25 October 2026
42.58%
Purchase rate
₹12,500
Annual fee
50 days
Interest-free

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Application

CardIQ

37Basic

Basic

Overall score, out of 100 · How this works

  • Airport lounge37
  • Rewards35
  • Sign-up bonus27
  • Travel50

Customer reviews

No reviews yet. Be the first to review the Axis Bank Magnus Credit Card.

Pros & cons

What's good

  • The 42.58% p.a. purchase rate is among the lowest ongoing purchase rates (the median card charges 45% p.a.).
  • Complimentary airport lounge access.
  • Earns 35 EDGE Reward Points per ₹200 on bonus categories.
  • No fee to add an additional cardholder.

Worth noting

  • INR 12,500 + GST (taxes excluded). Waived on eligible spends of INR 25,00,000 in the preceding card anniversary year. Nil for customers with a Burgundy Salary Account opened on or after 1st July 2026. Excluded from eligible spends: Rent, Wallet, Utilities, Government Institutions, EMI conversions, Cash withdrawals, reversals, fees/charges, Insurance, Gold, Fuel, and (from 28 Aug 2026) Gift Cards. The ₹12,500 annual fee is still high for a Signature card, where the typical fee is about ₹3,000.
  • The 12 EDGE Reward Points per ₹200 rate on everyday spend applies only to the first ₹1,50,000 spent each month, then drops to a lower rate.
  • Requires a minimum income of ₹24,00,000 a year.
  • No balance transfer or introductory purchase offer.

Card details

The basics

Additional cardholder fee
₹0 p.a.
Card tier
Signature
Card type
Not published
Card use
Personal
Credit limit
Not published
Credit rating
Not published
Rewards program
Axis Bank EDGE Rewards

Eligibility

Instant approval
Not published
Joint application
Not published
Minimum age
18 years old
Minimum income
₹24,00,000 p.a.
Residency
Resident of India
Temporary residents
Not published

Rates & fees

Ongoing interest rates

Cash advances
42.58% p.a.
Purchases
42.58% p.a.

Fees

Additional cardholder fee
₹0
Annual fee
₹12,500 p.a.
Cash advance fee
—
Foreign transaction fee
2%
Late payment fee
₹1,300
Over limit fee
₹500

Repayments

Interest-free period
Up to 50 days on purchases
Minimum repayment
MAD = 2% of (Purchases / cash withdrawals) + 100% of (Interest/Finance Charge, All Fees, loans, taxes)

Balance transfers

This card has no promotional balance transfer offer.

Introductory purchase offer

This card has no introductory purchase rate offer.

Rewards

Earn rate

Everyday spend
12 EDGE Reward Points per ₹200 up to ₹1,50,000 per month
Bonus categories
35 EDGE Reward Points per ₹200 in bonus categories
Other purchases
None
Overseas spend
None
Reduced rate above monthly cap
None
Points cap
Uncapped
Points expiry
—

Sign-up bonus

Bonus spend required
—
Sign-up bonus
—

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Purchase rate42.58%Top 10% (9th of 91 cards)
Rewards value₹6,480 a yearTop 10% (7th of 61 cards)
Interest-free days50 daysTop 10% (8th of 73 cards)
Overseas fee2.00%Top 25% (22nd of 91 cards)
Annual fee₹12,500 a yearAmong the most expensive (86th of 91 cards)

Data as at October 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Issuer
Axis Bank