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Premium Card - Axis Bank Magnus (2023)

  • JMaurya
  • May 6, 2023
  • 6 min read

Updated: May 18, 2023

This card falls under the category of lifestyle which gives you good discounts and rewards in lifestyle categories like movies, shopping, dining, travel, and stay. Currently, this card is selling in the market as a hot cake by Axis Bank and every card enthusiast is applying for this card to avail of its unique milestone benefit. This card gives some benefits which are true to believe, so before any devaluation happens on this card, every card enthusiast wants to extract maximum benefits.

Mostly this card is for people who have the spending 60K to 80K monthly and for some months their monthly expenditure goes around 1Lac, then this card will give you the best benefit that no other card is currently giving in the Indian market. In this blog, I will go through all benefits you can derive through this card and how you can play smartly to avail yourself maximum through this card till the time axis bank is not devaluing its benefit.


Highlight Benefits:

  • This card has joining and renewal benefits of 10K once you pay your fee for that year. You have the option to take a 10K Tata Cliq voucher for shopping or Yatra voucher for travel.

  • This card has a milestone benefit of 25K edge reward points when you spend 1Lac for a month starting from the 1st of every month.

  • BOGO (Buy one get one free ) offer worth Rs 500 for movie & live events through the BookMyShow portal 5 times a month

  • 40% off up to Rs 1000 on dining through eazydinner supported restaurants on EazyDiner app. This offer can be availed twice a month.

  • We get the EazyDiner Prime membership automatically for the mobile number that is linked to our credit card around a week before the cardholder's birthday.

  • Also, you get 50% off up to Rs 3000 on your birthday through the EazyDiner app. Note -Axis Magnus card has not confirmed this feature on their official page, but EazyDiner has this offer on their app.

  • 8 Meet & Greet services at the selective airport across India. You need to book this service at least 48 hours before departure time.

  • Transfer rate of 5: 4 to different hotels & airline partners.

Benefits

  • You earn 12 edge reward points for every Rs 200 spent on shopping & travel.

  • You can 5X rewards when you use the TravelEdge portal from axis bank to book flight tickets & hotel stays.

  • You can get 3X to 40X edge reward points when you do shopping through the GrabDeal portal of axis bank. Bonus edge point earned through Garbdeal is limited to 10000 edge points per month only.

  • Also, you can earn 3X to 10X edge reward points when you bug a gift voucher through the Axis Bank GiftEdge portal.

  • You get unlimited lounge access for primary and add-on card holders across India.

  • Also, you get unlimited international lounge access for primary cardholders through a priority pass and 8 guest access to the international lounge through a priority pass.

Eligibility Criteria

  • You will be eligible to apply or upgrade to this card if your annual pay is 18 lac +

  • Or if you have last year's tax return of 20 Lac +.

Applying Method

  • You can apply through Card to Card bases if you have another premium card with a credit limit of 4 Lac +.

  • Also, you can apply directly if you have any other axis bank credit card with a credit limit of 3lac +.

Fee

  • The joining & Renewal Fee for this card is 10K, but you are compensated with a 10 K of Tata Cliq voucher for shopping or a Yatra voucher for travel. So you will be paying only for GST every year.

  • You have next year's fee reversal on this card when you spend 15 lac in the previous year.

Reward Rate

  • We get 12 Edge rewards for every Rs 200 spent so let's assume you are spending 1 Lac in a month and let's do our calculation

  • 100000 spend /200 multiple = 500 * 12 = 6000 Edge rewards

  • Also, you will earn 25 K Edge rewards for reaching the milestone.

  • total 31000 = 25000+6000 Edge rewards

  • If you transfer these points to Vistara airline then you will get 24800 Airmiles

  • Each Airmiles will value around 0.80 paise, the value you will get is Rs 19840 = 24800 * 0.80

  • So if you transfer to an airline partner then you will able to get 19.8% value for 1 Lac spend.

  • I have not considered the 5X multiplier for travel booking and reward multiplier through grabdeal and giftEdge. If you spend in these categories then easily you will be able to derive more than 25% for 1 Lac spend.

Tips

  • This card will add more value only when you spend one Lac in a month and get the 25K milestone benefit for at least 4 months in a year. So this way you will have one lac edge reward point through milestone which is worth 80K Airmiles in Vistara or 80K Hotel points in Marriott Bonvoy.

  • I am not asking anybody to increase their spending to achieve the milestone but plan your spending in such a way that you are able to meet the milestone for at least 4 months in a year.

  • First, try to set your bill generation date around the 20th of the month so that 1 Lac spent of the month doesn't fall on one bill.

  • At the start of the month plan your spending and see if it's crossing more than 70K then collect all other spendings that will be coming in next month as well and see if that can be done through amazon pay or any other pay vouchers and buy that in the second half of the month after 20th. This way you will be able to reach 1Lac in a month and next month use this card for other spending but don't target the milestone.

  • Before doing any costly purchase search for that item on the grabdeal portal if you can buy online that's good otherwise see if the voucher of that shop is available. This way you will be able to earn 3X to 40X Edge rewards for big purchases.

  • Amazon pay voucher is one of the flexible vouchers which can be used for paying bills or shopping and every month you can only buy a 10K voucher through the GiftEdge portal. Try to buy that every month so that you earn a 3X reward multiplier as well as you can target big purchases easily through it.


Meet & Greet Service

Wanted to share about this service so that you will know what unique feature this card is adding to your lifestyle. As I mentioned above that this card gives you 8 meet & greet services for you as well as your family, which means you can use this service when you are traveling with your family and each member will be counted as one usage.

If you want to avail of this service then you need to call the axis mangus concierge service number and inform them about your travel date and time and this needs to be done before 48hr of your departure time.

On the departure date when you reach the airport one executive from this meet & greet service and one porter who can carry your luggage will welcome you. Then they will put your luggage in the trolley and pass you through the airline's priority check-in counter then you will go through a fast security check which is normally used by business class and VIP passengers. Once all this is done then you can get into the buggy which will drop you at the lounge if you want to access it and pick you up again once you are out of the lounge and drop you at the terminal Gate. Normally all this service cost you around Rs1500 per person but with this card, you can use it 8 times in a year.


Miles Transfer

  • Axis Bank has added almost all national and international airline partners through which you transfer your edge reward to their loyalty program.

  • Also, it has a good number of hotel transfer partners which will give you access to their membership as well as hotel stay booking through the Edge reward transfer program.

  • Magnus has a transfer rate of 5: 4 to these hotels & airline partners.

  • I will be sharing more on how to transfer your rewards and make the best use of these transfer partners in a separate blog.

  • https://www.axisbank.com/miles-transfer/ - You can refer to this official axis bank link for more detail on miles transfer.


Conclusion: Axis Magnus is a very attractive card with the best benefits in the market but make sure you don't increase your spending to reach axis bank's goal. First, review your spending and then see if you will be able to reach its milestone for at least 4 months then try to get this card otherwise focus on the card which has a yearly milestone and give you good reward rates.

Thank you for reading this blog. If you are interested in any of the below activities then you can use my referral links. This way you can support this blogging site and encourage me to add more blogs like this.


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