Question 1

Is Axis Magnus worth the ₹12,500 annual fee?

Accepted Answer

Axis Magnus has an annual fee of ₹12,500. The fee can be waived if you spend ₹25l/year. With a base reward rate of 1.2% (up to 5%), unlimited domestic lounge visits, and a CardTrail Score of 7.3/10, it may suit specific spending patterns.

Question 2

What is the reward rate on Axis Magnus?

Accepted Answer

Axis Magnus offers a base reward rate of 1.2% on regular spends, going up to 5% on select categories. Rewards are earned as EDGE Reward Points. New cardholders also get a welcome bonus of Luxe gift card worth ₹12,500.

Question 3

Does Axis Magnus have airport lounge access?

Accepted Answer

Yes, Axis Magnus provides unlimited domestic and unlimited international lounge visits per year. Note: You must spend ₹50,000 per quarter to activate lounge access.

Question 4

What is the forex markup on Axis Magnus?

Accepted Answer

Axis Magnus charges a 2% forex markup on international transactions, plus 18% GST on the markup (effective rate: 2.36%). For international spends, consider zero-forex alternatives like Scapia or IDFC First Wealth.

Question 5

Axis Magnus vs HDFC Diners Club Black — which is better?

Accepted Answer

Axis Magnus (CardTrail Score: 7.3/10) and HDFC Diners Club Black (Score: 9.4/10) are both super premium cards. Axis Magnus by Axis has a ₹12,500 fee with 1.2% base rewards, while HDFC Diners Club Black by HDFC has a ₹10,000 fee with 3.3% base rewards. Use our comparison tool for a detailed side-by-side analysis.

Axis Magnus

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