Axis Bank Magnus Credit Card Review

The people who believe to enjoy life to the fullest and doing everything in life, for those the Axis Bank Magnus Credit Card suits the best. This credit card is a way to enjoy life in a modern and fun way by saving a lot of money in this luxurious lifestyle. This card gives a lot of discounts on fancy hotels, concierge services, dining, and many more. It also has many more facilities, obviously, so let’s see what credit card offers in detail.

Key Highlights 

Rewards 

Reward Points

i. By 2.4% of the reward rate, Axis Bank provides 2X Axis eDGE reward points on Goibibo, Yatra, and MakeMyTrip. ii. By 1.2% reward rate, Axis Bank provides 12 Axis eDGE reward points on every Rs.200 of expenditure. The reward rate that this card offers is not very satisfactory, and that is the lowest point of this Axis Bank Magnus Credit Card. Because, many other credit cards offer some big percentage of reward rate it makes sense to buy one, but compare to those cards this card is not giving much. You can check out the offers given by neo credit card also.

What Makes This Card Better From Other Credit Cards?

• The reward points can vindicate from a unique and private catalog of the Axis Bank.
• The fees and charges for Axis Bank Magnus Credit Card implant cash payment fees, annual fees, joining fees, withdrawal fees, and some penalties (if any) amongst others.

Who Should Opt For This Credit Card?

This card has a lot of benefits. It also considers the health benefit, due to which the card gets an additional point, as no other card gives too much of health-related benefits. Moreover, this card not only concentrates on health but it also gives superb benefits on entertainment and lifestyle too. The reward point for this card is very high, which gets an additional point. This makes you opt for this card, rather than choosing some other random card.

Features and Benefits 

1. BookMyShow Benefits

If you are purchasing the movie tickets from BookMyShow then you can get Rs.500 off on the second ticket for 5 maximum movie/non-movie bookings in one full month.

How to avail

• On the BookMyShow application or the website, after your ticket payment is done then direct it to the BookMyShow.
• Then you may select on apply promo codes or unlock offers.
• If you want to know the related offers then search for it and select anyone for the Axis Bank Magnus Credit Card.
• If you want to access the offer then you need to enter the 16 digits of the card number and select on a check box.

Terms and Conditions

• 500 of the discount is offered.
• This offer is valid for non-movie and movie tickets.
• You can only access this offer only times a month.
• All these offers can be accessed through the BookMyShow application or website.

2. Dineout Plus Membership

From all over India you can enjoy a discount of up to 25% at 600 and above 5-star restaurants.

How to Avail

• With your credit card, you can get the Dineout membership card.
• To active your membership you need to download the Dineout application.
• With your Dineout application, you can make your reservation.

Terms and Conditions

• On the new payment of the annual fee, you can get the new benefits every year.
• On receiving the credit card, you can get your membership active within 6 months of the period.

3. Dining Delights

From all over India you can have a discount of up to 20% at 4,000 and above restaurants.

How to Avail

• To access the discount, you can use the Magnus Credit Card.
• Before the bill is generated, you need to inform the manager about the offer for the restaurant you are using.

Terms and Conditions

• To know the terms and conditions you can visit diningdelights.axisbank.com.

4. Extraordinary Weekends

From all over India you can hand-picked the experiences with some extraordinary weekends.4.

How to Avail

• You can visit the website to access the offer from extraordinaryweekends.com or call the concierge desk at 18001034962.

Terms and Conditions

• To know the terms and conditions you can visit extraordinaryweekends.com.

5. Health and Wellness Benefits

i. Insurance Benefits

You can get access to some of the insurance benefits like lost card liability programs, air accident cover, purchase protection, and many more.

How to Avail

Whatever you are in need of, you can ask from the bank and whatever documents are needed for it, you will have to submit them.

ii. Wellness Resorts and Spas

From the selected salons and spas, you can have some exciting discounts and complimentary sessions.

How to Avail

If you want to access those benefits, you can call on 1800 103 4962.

iii. Second Medical Opinion

From some of the medical experts, you can excess the medical expert’s opinion and the diagnosis.

How to Avail

If you want to access those benefits, you can call on 1800 103 4962.

iv. Preventive Healthcare

From some privileged range of benefits, like SRL diagnostics, Dr. LalPathlabs, and Metropolis.

How to Avail

If you want to access those benefits, you can call on 1800 103 4962.

v. Global Travel and Medical Assistance

You can get some access when you are travelling with inoculation, visa requirement information, pre-trip information, interpreter referral, etc.

How to Avail

If you want to access those benefits, you can call on 1800 103 4962.

Terms and Conditions

If you want to access this benefit then you cannot travel outside of your home country for more than 90 days. You can access this service based on the above rule.

6. Other Benefits

Some of the benefits which are eligible by the Axis Bank Magnus Credit Cardholders are: –

• For withdrawing cash there is no fees.
• If the credit is extended then there is a very low rate of interest of 2.5%.
• On each and every Rs.200 of expenditure, you can get 12 Axis EDGE REWARD points.
• You can also get 2X EDGE REWARD points on the purchase made through Goibibo, MakeMyTrip, Yatra, etc.
• By using this Axis Bank Magnus Credit Card, you can wave off your annual fee of Rs.10,000 added tax on the expenditure of Rs.15 Lakhs in the previous year.
• You can make the transaction from Rs.400 to Rs.4,000, you can waive your fuel surcharge of 1%.
• If you go through the foreign currency transaction, you can reduce the mark-up fee by 2%.
• You can access the dedicated concierge for 24*7 to avail of table reservations, flight bookings, gift deliveries, and many more.

Axis Bank Magnus Credit Card

Fees And Charges

Now, we will look into the fees and charges of the card. Let’s see. If you want to apply for this Axis Bank Magnus Credit Card, you need to apply for the form which is on the website. But if you have Axis Bank Credit Card, then you will have to apply for this card separately, without downgrading or upgrading the Axis Bank Credit Card you have, so that you can be the owner of the multiple credit card together.

• Renewal Fee – Rs.10,000 + GST (Waived on Rs.15 Lakhs of expenditure)
• Welcome Benefit – One-Way Flight Ticket (Up to Rs.10,000)
• Eligibility – ITR Rs.18 Lakhs and Above
• Joining Fee – Rs.10,000 + GST

Eligibility and Documents Required

i. Citizenship – The cardholder has to be a citizen of India.

ii. Age – The cardholder’s age should be around 18 to 70 years of age. And the Add-on cardholder’s age should be above 18 years.

iii. Income – The cardholder should be earning Rs.18 Lakhs per year. And the cardholder who is self-employed should have Rs.18 Lakhs of Income Tax Returns Acknowledgement.

Documents Required

How To Apply For The Card?

You can do through the below steps if you want to apply for this Axis Bank Magnus Credit Card:

i. Firstly, go to the official website of Axis Bank.

ii. Now, select ‘Credit Card’.

iii. You will be guided to the new page where you will have to select the ‘Axis Bank Magnus Credit Card’.

iv. Thereafter, you will be guided to a new page where you will have to select ‘Apply Now’.

v. Then there will be an option asked to you, that are you the customer of the Axis Bank or not. Tick on yes or no, accordingly.

vi. Fill out the details asked to you, like, your mobile number, state, monthly income, name, residential address, and your professional details.

vii. Proceed further by entering the code and selecting the box of the authorized person to call you for the related details of the application. So, select ‘Call Me’.

viii. Then the representative of the bank will get in contact with you for the further process of documentation for the Axis Bank Magnus Credit Card.

You also have an option to visit the nearest Axis Bank branch with all your documents. And then the bank representative will help you with all the further processes of the Axis Bank Magnus Credit Card.

Frequently Asked Questions

1. Where can I get to know about the Axis Bank credit card limit?