Magnus Axis Bank Credit Card

Card Intro

Welcome Benefits

Luxe gift card or The Postcard Hotels gift voucher or Yatra gift voucher, any one as a welcome gift that’s worth Rs.12500.

Interest Free Period

20 to 50 Days

Payment Gateway

Mastercard

Card Fees

Joining Fee(once)

Rs. 12000

Annual Fee(2nd year onwards once)

Rs. 12000

Add-on Card Fee

Nil

Annual Fee Waive off

Annual spends greater than Rs. 25,00,000

Card Features, Rewards and Benefits

Cashback

Nil

Rewards

12 EDGE Reward Points per Rs 200 on spends up to Rs. 1.50 Lakhs and 35 EDGE Reward points per Rs. 200 on incremental spends above Rs. 1.50 lakhs in a calendar month.

60 EDGE Reward Points for every Rs. 200 spent on Axis Bank Travel Edge portal, up to cumulative transactions of Rs. 2,00,000 per month. 35 EDGE Reward Points per Rs. 200 spent above cumulative transactions of Rs. 2,00,000 per month.

Milestone Benefits

Nil

Fuel Surcharge Waiver

1% for transactions between Rs. 400 to Rs. 4000.
Up to Rs. 400 per statement

Dining

Up to 40% off on dining restaurants via EazyDiner.

Movie Benefits

Buy one movie/non-movie ticket at Bookmyshow and get up to Rs.500 off on the second ticket for a maximum of 5 bookings in a month.

Lifestyle Benefits

Extraordinary Weekends by Axis Bank.

Travel Benefits:

Lower Forex charges and extra rewards for travel spending.

Lounge Benefits

For Domestic – Unlimited complimentary lounge access.
For International Lounges – Unlimited complimentary international lounge visits and 8 additional guest visits per year with the Priority Pass card (delivered with welcome kit).

Hotel Benefits

Upto 15% off on International & Domestic Oberoi & Trident Hotels.

Insurance Benefits

Nil

Concierge Benefits

24×7 Dedicated Concierge Service and 8 complimentary end-to-end Meet & Assist Services at the airport, services include assistance across airport processes, such as check-in, security check, immigration processes and porter services.

Health Benefits

Medical Concierge Program, Second medical opinion, preventive healthcare packages from SRL diagnostics, Dr. Lal PathLab and Metropolis and global travel and medical assistance.

Card Charges

Cash Payment fees at branches

Rs.100

Cash Withdrawal Fees or Cash Advance Fees

Waived

Card Replacement Fees

Nil

Charge slip Retrieval Fee

Waived

Cheque Payment Fee

N/A

DCC Markup Fees(Dynamic & Static Currency Conversion Markup Fee)

1% on International transaction

Duplicate Statement Fee

Waived

Emergency Card Replacement (When Abroad)

N/A

EMI Processing Fees

1.5% or Rs. 250 whichever is higher

Finance Charges

3.0% per month (42.58% per annum)

Foreign Currency Transaction fee(Forex Charges)

2% of the transaction value

Late Payment charges

Nil if Total Payment Due is less than Rs. 500
Rs. 500 if total payment due is between Rs. 501 – Rs. 5,000
Rs. 750 if total payment due is between Rs. 5,001 – Rs. 10,000
Rs. 1200 if total payment due is greater than Rs.10,000

Outstation Cheque Fee

Waived

Over Limit Fees

2.5% of the over limit amount (Min Rs. 500)

Payment (cheque/ECS/NACH/Auto Debit Reversal) Dishonor Fees

2% of the payment amount subject to Min. Rs.450, Max. Rs. 1500

Payment of Customs duty

N/A

Priority Pass Lounge Charges

N/A

Railway Tickets Surcharge

As prescribed by IRCTC / Indian Railways

Rental Transaction Fee

1% capped at Rs. 1,500 per transaction

Reward Points Redemption Fee

Waived

Any Other Charges

Nil

Terms & Conditions!

* Goods & Service Tax(GST) applicable on all fees, interest and other charges. All fees, charges, rewards, or any other terms can change at any time. Always read the Terms and Conditions on the Bank’s page.