Axis Bank Magnus Credit Card: The Axis Bank Magnus Credit Card, a premium credit card and one of the most rewarding credit card issued by Axis bank. This card is basically designed for the people who has a high-income and enjoy a luxurious lifestyle. This card offers many premium travel, lifestyle, dining, and insurance benefits, and many more.
This credit card is best for the people who are the frequent travellers and high-spenders. And also, get domestic and international lounge access at airports with rewards and milestone benefits as well and many more.
Therefore, in this article we are going to see the benefits and features of the Axis Magnus Credit Card and the eligibility to apply for the same.
Contents
1. Axis Bank Magnus Credit Card Features and Benefits
The Axis Bank Magnus Credit Card comes with an unlimited rewards and several other benefits across different categories.
Here we have mentioned the features and benefits offered by the Axis Bank Magnus Credit Card:
- Welcome Benefits: As a welcome benefit, get 1 complimentary economy class ticket (up to Rs. 10,000) across any domestic location and TataCLiQ voucher worth Rs. 10,000 and also, the Axis Magnus Credit Card charges a joining fee of Rs. 10,000 + GST and reverses the same.
- Milestone Benefits: On spending Rs. 1 lakh or more, get 25,000 bonus Edge Reward Points in a calendar month and all spends except wallet reloads, rent, EMI spends, and Priority Pass fee are eligible for the calculation of monthly milestone spends and cash withdrawals, reversed, cancelled, and refunded transactions are not eligible for the calculation of milestone spends and also, spends on both the primary as well as add-on credit cards are considered towards the milestone spends.
- Travel Benefits: Get unlimited complimentary domestic and international airport lounge access with Priority Pass membership for the primary cardholders. Along with free visits for primary cardholders and you also get additional 8 complimentary visits for the guests per year.
- Airport Concierge and VIP Meet & Greet: Airport meet & greet, concierge service with 8 complimentary VIP assistance services for assistance regarding airport processes including check-in, security check, immigration processes, and porter services.
- Dining Benefits: At partner restaurants, get up to 40% off i.e., a maximum of Rs. 1000 with the Birthday Offer, get 50% at partner restaurants, up to Rs. 3000.
- Entertainment Benefits: Buy 1 movie or non-movie ticket via BookMyShow, get Rs. 500 off on the next ticket. This discount can be availed for a maximum of 5 times a month.
- Golf Benefits: Get 50 complimentary rounds of green fees every year that can be booked on www.extraordinaryweekends.com.
- Fuel Surcharge Waiver: On your fuel transactions (Max. of Rs. 400 per statement cycle), cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India between Rs. 400 and Rs. 4,000. You don’t earn any cashback on fuel purchases.
- Annual fees: On an expenditure of Rs. 15 lakhs, the annual membership fee of the card is waived off in the preceding anniversary year.
- Concierge Benefits: Through this Credit Card, you can avail of concierge benefits with 24×7 assistance at 1800 103 4962. The concierge services provided on flight bookings, restaurant table reservations, exclusive events or shows, gift deliveries, and more.
- Insurance Benefits: With this Credit Card, you get insurance benefits, including travel insurance, air accident cover worth Rs. 5 lakhs, lost card liability, and purchase protection cover.
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2. Axis Bank Magnus Credit Card Fees and Charges:
- The Annual fee or Renewal fee charges are- Rs.10,000 plus taxes
- The Cash withdrawal fee, is NIL at the time of withdrawal.
- On all the Foreign currency transaction, you have to pay forex fee of 2%+ GST on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 3% per month (42.58% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
3. Axis Bank Magnus Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Axis Bank Magnus Credit Card are as follows:
- The age limit for applying for this card is 18-70 years of age.
- The cardholder should be an Indian resident and an excellent credit score i.e., 700 and a strong relationship with the card issuer.
- The cardholder should be either through salary or self-employment with annual salary must be Rs.18 lakh or the Annual Income Tax Return filed must be for Rs.18 lakh.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for Axis Bank Magnus Credit Card:
For Axis Bank Magnus credit card you can apply either online or offline. For offline mode, you can visit your nearest Axis Bank branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your Axis Bank Magnus credit card:
- Step 1: Visit Official website of the Axis Bank- www.axisbank.com.
- Step 2: Go to ‘Explore Products’ and click on ‘Cards’.
- Step 3: Then, Select ‘credit card’ option.
- Step 3: Next, choose the ‘Axis Bank Magnus Credit Card’, and click on ‘Apply Now’.
- Step 4: Enter all the requested details and providing the required documents and ‘submit’ it.
This the way in which you can apply for Axis Bank Magnus credit card online.
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