Axis Bank Magnus Credit Card
उत्पाद विवरण
Joining Fee:
Renewal Fee:
Card Type:
Reward Type:
Welcome Benefits:
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
annual fee reversal on spending inr 1,00,000 on the card.
Cashback Rate
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Lounge Access
0
Movie Benefits
8
Dining Benefits
Other Benefits
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Fees & Charges
Joining Fee
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Annual Fee
annual fee reversal on spending inr 1,00,000 on the card.
Cash Advance Fee
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Interest rate
0
Late Payment Fee
8
Foreign Currency Transactions Fee
Other Fees
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
दोष
High annual fee.
Low cashback rate.
High eligibility threshold of minimum annual income of INR 18 lakh.
Welcome Benefit: Customers can choose any voucher worth INR 12,500 from options like Luxe gift card, The Postcard Hotels gift voucher, or Yatra gift voucher.
Rewards System: Users can earn 6 Axis EDGE REWARDS points on every INR 100 spent up to spent of Rs. 1,50,000 in a calendar month. The value of each point is INR 0.2. The effective cashback rate is 1.2%. Users will get 17.5 EDGE REWARDS points for every RS. 100 spent post spending Rs. 1,50,000 in a calendar month. Effective cashback rate: 3.5%.
5x reward points on spending via Travel EDGE.
Up to 15% off on international and domestic Oberoi and Trident Hotels.
Other Benefits: International and Domestic lounge visits, dining delights, and offers on movie tickets.
The card also provides medical offers and benefits.
Users can enjoy up to 30% discount at over 4000 restaurants across India.
पक्ष विपक्ष
Welcome Benefits
Customers can choose any voucher worth INR 12,500 from options like Luxe gift card, The Postcard Hotels gift voucher, or Yatra gift voucher.
पुरस्कार प्रणाली
Users can earn 6 Axis EDGE REWARDS points on every INR 100 spent up to spent of Rs. 1,50,000 in a calendar month. The value of each point is INR 0.2. The effective cashback rate is 1.2%. Users will get 17.5 EDGE REWARDS points for every RS. 100 spent post spending Rs. 1,50,000 in a calendar month. Effective cashback rate: 3.5%.
अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
2%
स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
Up to 15% off on international and domestic Oberoi and Trident Hotels.
Eligibility Criteria
Primary cardholder between age of 18 years and 70 years.
Add-on cardholder should be over 18 years.
Salary of Rs.18 Lakhs per annum or Annual Income Tax Return filed for Rs.18 Lakhs.
Resident of India
फ़ायदे
Airport lounge access.
Movie ticket discounts.
Dining delight offers.
Medical insurance .
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आ वेदन कैसे करें?
You can apply for the Axis Bank Magnus Credit Card online or offline. Here are the steps on how to apply online:
Go to the Axis Bank Credit Card website. Search for Magnus Credit Card.
Click on the "Apply Now" button.
Enter your personal details such as your name, email address, and mobile number.
Enter your income and employment details.
Upload a scanned copy of your PAN card and Aadhaar card.
Select the credit limit you want.
Click on the "Submit" button.
An Axis Bank representative will contact you to verify your details and complete the application process.
सम्पर्क करने का विवरण
1865 419 5555 & 1860 500 5555
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefit: Customers can choose any voucher worth INR 12,500 from options like Luxe gift card, The Postcard Hotels gift voucher, or Yatra gift voucher.
Rewards System: Users can earn 6 Axis EDGE REWARDS points on every INR 100 spent up to spent of Rs. 1,50,000 in a calendar month. The value of each point is INR 0.2. The effective cashback rate is 1.2%. Users will get 17.5 EDGE REWARDS points for every RS. 100 spent post spending Rs. 1,50,000 in a calendar month. Effective cashback rate: 3.5%.
5x reward points on spending via Travel EDGE.
Up to 15% off on international and domestic Oberoi and Trident Hotels.
Other Benefits: International and Domestic lounge visits, dining delights, and offers on movie tickets.
The card also provides medical offers and benefits.
Users can enjoy up to 30% discount at over 4000 restaurants across India.
High annual fee.
Low cashback rate.
High eligibility threshold of minimum annual income of INR 18 lakh.
Axis Bank Magnus Credit Card is a premium credit card from Axis Bank. It has a ton of value add features such as free movie tickets, complimentary domestic lounge visits, concierge service, zero cash withdrawal fee, etc. However, the biggest flaw with the card is that it has a very low cashback rate of 1.2%.
Axis Bank Magnus Credit Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
उत्पाद समीक्षा
फीस एवं प्रभार
Annual fee of Rs 12,500 + taxes, waived off in case of spend of Rs.25 lakhs in the preceding year.
Interest rate: 3 % per month (42.58% per annum).
Late Payment Fee: charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1200.
Forex Markup: 2%
Cash Withdrawal Fee: INR 0
Reward Redemption Fee: INR 0
ईंधन अधिशुक्ल
1% of the transaction value, plus applicable GST. However, for transactions between Rs. 400 and Rs. 4,000, the fuel surcharge is waived, capped at a maximum of Rs. 400 per month.
Billing Cycle
30 Days