Axis Bank Magnus Credit Card: The Ultimate Guide to Premium Benefits
Introduction
In the competitive world of credit cards, finding one that offers exceptional value, luxury perks, and comprehensive benefits can be challenging. Enter the Axis Bank Magnus Credit Card, a premium option designed for those who seek the finest in travel, lifestyle, and financial services. This guide will delve into the myriad benefits of the Magnus card, providing you with all the information you need to decide if it's the right choice for you.
Travel & Stay
Welcome Benefit
Start your journey with a luxurious welcome. Choose a voucher worth INR 12,500 from top brands such as Luxe, The Postcard Hotels, or Yatra. This significant benefit sets the tone for the premium experiences to come.
Airport Concierge Service
Enjoy eight complimentary end-to-end meet & greet services at airports, ensuring a seamless travel experience from start to finish. (Note: This service is being discontinued from April 20th, 2024.)
International Lounge Access
Travel in comfort with unlimited complimentary international lounge visits and four additional guest visits per year with the priority pass card.
Domestic Lounge Access
Relax at select airport lounges across India with unlimited access, making every domestic journey a pleasant one.
Hotel Discounts
Benefit from up to 15% off at International and Domestic Oberoi & Trident Hotels, adding a touch of luxury to your stays.
Lifestyle & Entertainment
BookMyShow Benefits
Enjoy a buy-one-get-one-free offer on movie tickets, saving up to INR 500 on the second ticket, perfect for movie buffs. (Note: This offer is being discontinued from April 20th, 2024.)
Dining Delights
Savor up to 30% discounts at over 4,000 restaurants across India, making dining out more enjoyable and affordable.
Health & Wellness
Insurance Benefits
Stay protected with comprehensive insurance programs, including purchase protection and lost card liability.
Additional Benefits
Annual Fee Waiver
Waive the annual fee of INR 12,500 plus taxes by spending INR 25 Lakhs in the preceding year, a great incentive for high spenders.
Reduced Fees
Enjoy a lower interest rate of 3% on extended credit, a reduced 2% mark-up fee on foreign transactions, no cash withdrawal fees, and a 1% fuel surcharge waiver for transactions between INR 400 to INR 4000.
Rewards Program
Maximize your earnings with 12 eDGE Reward points per INR 200 spent up to INR 1.50 Lakhs and 35 eDGE Reward points per INR 200 on spends above this threshold in a calendar month. Additionally, earn 5X Reward points on Travel eDGE spends and 2 partner miles for every 5 eDGE Reward points across 20 travel partners.
Concierge Desk
Access a dedicated 24x7 concierge desk for assistance with bookings, reservations, and more, ensuring all your needs are met. (Note: This service is being discontinued from April 20th, 2024.)
Conclusion
FAQs
1. What is the welcome benefit for the Axis Bank Magnus Credit Card?
The welcome benefit includes a voucher worth INR 12,500 from Luxe, The Postcard Hotels, or Yatra.
2. How can I waive the annual fee for the Axis Bank Magnus Credit Card?
The annual fee of INR 12,500 plus taxes is waived if you spend INR 25 Lakhs in the preceding year.
3. What are the dining benefits of the Axis Bank Magnus Credit Card?
Cardholders can enjoy up to 30% discounts at over 4,000 restaurants across India.
4. Are there any lounge access benefits with the Axis Bank Magnus Credit Card?
Yes, cardholders get unlimited complimentary international and domestic lounge access.
5. What is the reduced interest rate for extended credit on the Axis Bank Magnus Credit Card?
The reduced interest rate for extended credit is 3%.
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