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, Wallet Transactions, Priority Pass spending & EMI Transactions are not considered. Effective 1st September’23, spends threshold for annual fee waiver will also exclude transactions done on Government Institutions, Utility, Telecom and Utility & Telecom.
• In addition to the above, with effect from 20th April’24, transactions on Insurance, and Gold & Jewellery will not be included in spends threshold for annual fee waiver.
• All customers, irrespective of onboarding date, are required to spend ₹25,00,000 in the preceding card anniversary year to qualify for the annual fee waiver in the subsequent 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 1.5% 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, Utility, Telcom and Utility & Telecom 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 up to ₹1,50,000.
• In addition to the above, with effect from 20th April, Insurance, Fuel and Gold & Jewellery MCCs will not be eligible to earn base EDGE Reward 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 Rental Transactions. 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 20^th 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 20^th 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. For Magnus RuPay, 35 EDGE Reward Points are capped on UPI spends up to ₹50,000 per calendar month. For example, if a customer’s total monthly spends are ₹4,00,000 and UPI spends are ₹2,00,000, the customer will earn 35 EDGE Reward Points only on ₹50,000 of UPI spends, along with ₹50,000 of non‑UPI spends.

• 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.