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More Benefits - Magnus Credit Card
Annual Fee Waiver
Annual fee of ₹12,500 + Taxes waived off* on spend of ₹25 Lakhs in preceding year
- Spends will be calculated as per the card anniversary year
- Rental Spends (6513), Wallet Transactions (6540), Priority pass spends & EMI Transactions are not considered. Effective 1st September'23, Spends threshold for annual fee waiver will also exclude transactions done on
Government Institutions (9222, 9311, 9399, 9402) and Utilities (4814, 4816, 4899, 4900) MCCs.
In addition to above, with Effect from 20th April'24, transactions done on Insurance (6300, 6381, 5960, 6051, 6012), Fuel (5541, 5542, 5983) and Gold & Jewellery (5094, 5944) MCCs will not be included in spends threshold for annual fee waiver. - For customers onboarded before 1st September 2023, annual fee waiver will be applicable on cumulative spends of ₹15,00,000 in preceding card anniversary year. However, for such customers, on card anniversary dates after 1 st September 2024, fee waiver will be applicable on cumulative spends of ₹25,00,000 in preceding card anniversary year.
Magnus Credit Card for Burgundy holders' annual fee of ₹30,000 + taxes waived off on spend of ₹30 Lakhs in preceding year.
Reduced Fees & Charges
- Interest rate of 3%
- Forex mark-up of 2%
- No cash withdrawal charges
- Fuel surcharge
- Rent Transaction Fee of 1 % per transaction (Max Rs. 1,500)
- Dynamic Currency Conversion markup of 1% plus taxes
Rewards program
- You can earn 12 EDGE Reward Points for every ₹200 on cumulative monthly spends up to ₹1,50,000. Further, earn 35 EDGE Reward Points^ for every ₹200 on incremental monthly spends above ₹1,50,000.
- Earn 60 EDGE Reward Points for every ₹200 spent on Travel Edge portal, up to cumulative transactions of ₹2,00,000 per month. Earn 35 EDGE Reward Points per ₹200 spent above cumulative transactions of ₹2,00,000 per month.
- Wallet Transactions, Government Institutions and Utilities MCCs will not be eligible for edge reward points and spends done on these categories will not be considered for base eDGE rewards and accelerated eDGE rewards threshold calculation on ₹1,50,000. In addition to above with effect from 20th April, Insurance, Fuel and Gold & Jewellery MCCs will not be eligible to earn base eDGE rewards points and accelerated reward points.
- Base EDGE Rewards and Accelerated EDGE Rewards earn are capped at ₹50,000 spends per calendar month on cumulative spends on Rent MCC (6513). Any incremental spends above ₹50,000 will not be eligible for Base EDGE and Accelerated EDGE Rewards in a calendar month.
- Fees and charges will not be considered for base and accelerated rewards threshold calculation of ₹1,50,000.
- Transfer upto 5 Lakh EDGE reward points to 20 travel partners in a calendar year. Effective 20th April 2024, customers can transfer upto 1,00,000 edge reward points in Group A partners and rest 4,00,000 edge reward points
in Group B partners for the year. Click here for detailed T&C
*For Magnus Burgundy customers, w.e.f 20th April'24, Edge reward points can be transfered upto 2,00,000 edge reward points in Group A partners and rest 8,00,000 edge reward points in Group B partners for the year.
^You will earn 35 EDGE REWARD Points per ₹200 on spends^ above ₹1.5 lakhs, up to eligible spends equivalent to your credit limit + additional ₹1.5 Lakhs per calendar month. Thereafter, you will earn 12 EDGE REWARD Points per ₹200 spent.
- How to redeem points:
- Use your points to redeem travel vouchers, electronic items, and more from our eDGE Rewards catalogue
- Pay with points across partner stores
For detailed terms & conditions please click here
#Customers holding new Magnus Credit Card for Burgundy can transfer up to 10 Lakh eDGE Reward points to 20 travel partners in a calendar year.
EDGE REWARD Points will be debited for credit card transactions which are converted to EMI. On cancellation of the EMI transaction, points shall not be credited back for the original transaction.
Reach Us
Contact us for any benefit redemption,
queries, complaints and feedback.
Call us on: 1800 419 0065
Write to us at: www.axisbank.com/support
