Axis Bank Magnus for Burgundy credit card review: fees, rewards and eligibility
The Axis Bank Magnus for Burgundy has a recorded annual fee of ₹30,000 plus GST and a base earn of 12 EDGE Reward Points per ₹200 on eligible spend up to ₹1.5 lakh per month. CardMasters checked its issuer terms on 2026-08-01. Affiliate commission never changes ranking; confirm final terms and approval with Axis Bank.
Axis Bank Magnus for Burgundy: short answer
The Axis Bank Magnus for Burgundy is in the super-premium tier of Axis Bank credit cards, with a joining fee of ₹30,000, an annual fee of ₹30,000 plus GST (waived on ₹30,00,000 of eligible annual spend), a base earn of 12 EDGE Reward Points per ₹200 on eligible spend up to ₹1.5 lakh per month and a 2% forex markup. Rewards are not earned on fuel, wallet load, insurance, government, utility. It suits travel, miles transfer, ultra high spender spending; whether it beats a card you already hold depends on your own spend mix and redemption choices.
Source: CardMasters issuer-evidence catalogue, release 2026-08-01. Confirm final terms with the issuer.
Reward structure
12 EDGE Reward Points per ₹200 on eligible spend up to ₹1.5 lakh per month
- 30 points per ₹100 on Travel Edge — Merchant-specific Travel EDGE spend is not inferred from broad travel spend.
Eligibility and important limits
minimum age 18, published monthly income floor ₹2,00,000 Magnus uses indicative ₹24 lakh annual net-income and age criteria. Magnus for Burgundy additionally requires an eligible Burgundy relationship; the issuer publishes no numeric bureau-score cutoff. Approval remains solely at the issuer’s discretion.
Does not earn: fuel, wallet load, insurance, government, utility, jewellery.
Important limit: 35 EDGE Reward Points per ₹200 apply only to eligible monthly spend above ₹1.5 lakh and remain subject to issuer credit-limit caps.
Frequently asked questions
What is the annual fee for the Axis Bank Magnus for Burgundy?
The published annual fee in our current record is ₹30,000 plus applicable GST. It can be waived after ₹30,00,000 of eligible annual spend, subject to issuer terms.
How do rewards work on the Axis Bank Magnus for Burgundy?
12 EDGE Reward Points per ₹200 on eligible spend up to ₹1.5 lakh per month. Accelerated routes include 30 points per ₹100 on Travel Edge. Reward value depends on the eligible transaction route and redemption method.
Which transactions do not earn rewards on the Axis Bank Magnus for Burgundy?
The current issuer-sourced exclusions recorded by CardMasters include fuel, wallet load, insurance, government, utility, jewellery. Merchant category coding and issuer terms determine final eligibility.
Who should consider the Axis Bank Magnus for Burgundy?
It is most relevant for people focused on travel, miles transfer, ultra high spender. Whether it improves your wallet still depends on your actual spending, existing cards, fees and redemption choices.
Is the Axis Bank Magnus for Burgundy worth it?
It is worth holding only when the rewards and benefits you will genuinely use exceed ₹30,000 plus GST each year. The fee is waived at ₹30,00,000 of eligible annual spend, so check whether you reach that without forcing spend. Value the rewards at a realistic redemption rate, not the issuer's best-case example.
What is the eligibility for the Axis Bank Magnus for Burgundy?
The published minimum age is 18. The published monthly income floor is ₹2,00,000. Magnus uses indicative ₹24 lakh annual net-income and age criteria. Magnus for Burgundy additionally requires an eligible Burgundy relationship; the issuer publishes no numeric bureau-score cutoff. Approval, credit limit and final pricing are decided solely by the issuer.
What is the forex markup on the Axis Bank Magnus for Burgundy?
The recorded foreign-currency markup is 2% before GST. On ₹1,00,000 of international spend that is about ₹2,000 in markup, so compare it against any rewards earned on overseas transactions.
Does the Axis Bank Magnus for Burgundy offer airport lounge access?
Domestic lounge access: unlimited visits to select domestic lounges. International lounge access: unlimited Priority Pass visits plus 4 guest visits/yr. Spend conditions and guest charges are set by the issuer and can change.