Axis BankMetal

Axis Bank Magnus Credit Card

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Quick facts

Axis Bank Magnus Credit Card

Top reward12 Edge Miles/₹200

Annual fee₹12,500

Min income₹1,00,000/mo

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💎Premium Metal

Axis Bank · Metal tier

Axis Bank Magnus Credit Card

Premium travel beast

For high spenders who want lounge and miles.

Key Benefits

💳

12 Edge Miles per ₹200

🎁

Unlimited lounge access

⛽

Premium travel benefits

Annual fee

₹12,500

Top rate

12 Edge Miles/₹200

Min income

₹1,00,000/mo

Eff. return

4.53%

Realistic net value (moderate user): ₹21,740/year

After ₹12,500 fee & ₹360 forex. Based on ₹40,000/mo spend.

12,400 users matched · Verified 2026-06-12

We earn commission if approved — at no cost to you. Zero sales calls.

Our transparency promise

✓ Reward caps shown in absolute ₹ — not just "5% cashback"

✓ Exclusions listed upfront — fuel, EMI, rent, wallet

✓ Point conversions with conservative ₹/point rates

What You Actually Earn (in ₹)

Absolute INR estimates based on your spends. Caps and exclusions applied — no marketing fluff.

Gross rewards / year

₹34,600

Before fees & forex

Costs / year

₹12,860

Fee ₹12,500 + forex ₹360

Net value / year

₹21,740

4.53% effective return on spend

Category-wise breakdown

Travel & flights

Spend ₹5,000/mo · 12 pts per ₹150 spend

₹1,920/year

₹160/mo

400 pts × ₹0.40 = ₹160/mo400 pts/mo @ ₹0.40/pt

All other eligible spends

Spend ₹40,000/mo · 6 pts per ₹150 spend

₹7,680/year

₹640/mo

1600 pts × ₹0.40 = ₹640/mo1600 pts/mo @ ₹0.40/pt

Estimates assume eligible spends only (exclusions per issuer T&Cs apply). Point values use typical redemption rates — actual value varies by redemption choice. Bank approval and reward crediting is at issuer discretion.

Points → INR Conversion Guide

Marketing says "10X points" — here's what that actually means in your pocket.

travel — 12 pts per ₹150 spend

You spend

₹10,000

→

You earn

800 pts

Worth ≈

₹320

@ ₹0.40/point

all — 6 pts per ₹150 spend

You spend

₹10,000

→

You earn

400 pts

Worth ≈

₹160

@ ₹0.40/point

Redemption reality: Point value varies — cashback redemption is typically lower than travel partner transfers. We use a conservative ₹0.40/pt in calculations. Points expire in 36 months if unused.

💎Premium Metal

High income, metal cards, max perks

Reward Structure

Source: Axis Magnus T&Cs

Travel spends

Transfer to partners

12 Edge Miles/₹200

Other spends

6 Edge Miles/₹200

Lounge

Unlimited domestic + 8 intl/year

Excluded categories (no rewards)

EMIFuelRentWalletJewellery

Lounge

Unlimited domestic, 8 international/year

Best for

→ ₹1L+ monthly income
→ Frequent flyers
→ Travel maximizers

Fees & Charges — Full Disclosure

All amounts in INR. Everything that can reduce your net value.

Joining fee

Charged in first year

₹12,500

Annual / renewal fee

Charged every year unless waived

₹12,500

Forex markup

2% on international transactions

Finance charges

≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid

Late payment fee

₹400–₹1,300 depending on statement balance — always pay on time

Reward redemption fee

Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee

Example: moderate user net math

Gross rewards+ ₹9,600

Signup bonus (year 1)+ ₹25,000

Annual fee− ₹12,500

Forex cost− ₹360

Net annual value₹21,740

Eligibility Snapshot

Public criteria from Axis Magnus T&Cs. Bank makes final decision.

Minimum age25–60 years

Min income (salaried)₹1,00,000/mo

Min income (self-employed)₹18,00,000/year

Employment acceptedsalaried, self employed

Credit history12+ months preferred

CIBIL checkBank checks at application — CardHungry never pulls your score

Secured optionUnsecured card only

Card tierMetal — ultra-premium metal card

Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.

FAQ

How much can I actually earn with Axis Bank Magnus Credit Card?+

At moderate spend (₹40,000/mo), gross rewards are about ₹9,600/year. After the ₹12,500 annual fee, net value is approximately ₹21,740/year. Use the calculator above to model your own spends.

What is the minimum income for Axis Bank Magnus Credit Card?+

₹1,00,000/month for salaried applicants (indicative — bank decides).

What spends do NOT earn rewards?+

EMI, Fuel, Rent, Wallet, Jewellery.

Does CardHungry pull my CIBIL score?+

No. We use public eligibility criteria only. The bank will check CIBIL when you apply.