AXIS MAGNUS CREDIT CARD REVIEW 2024

In this article we will provide the information related to the AXIS MAGNUS credit card review, its features, rewards, and advantages of the Axis Magnus credit card, comparing it with HDFC Infinia and DCB to assess its standing in the credit card landscape.

Launched by Axis Bank in 2019, the Axis Magnus credit card initially received mixed reviews.

However, recent adjustments to its benefits, along with a devaluation of competitors like HDFC Infinia and DCB, have brought Axis Magnus into the limelight.

 

FEES AND ELIGIBILITY AXIS MAGNUS CREDIT CARD

 

Joining Fees and Annual Fees: Priced at INR 10,000 + GST, with the possibility of fee waiver on annual spends exceeding 15 lakhs.

 

REWARDS AND BENEFITS AXIS MAGNUS CREDIT CARD

Joining and Recurring Benefits:

 A lucrative joining benefit of either a 10,000 Tata Cliq voucher or a 10,000 INR worth domestic flight ticket.

 Recurring benefits include a ‘Buy One Get One’ (BOGO) offer on BookMyShow, providing up to Rs. 500 off on the second ticket for a maximum of 5 movie or nonmovie bookings in a month.

 

Reward Points

 Standard Reward Rate: Earning 12 reward points for every INR 200 spent, resulting in a 1.2% reward rate.

 Accelerated Reward Rate: An impressive 5x reward points (60 RPs) on every INR 200 spent on travel bookings via the Travel Edge portal, equating to a 6% reward rate, capped at 10,000 points monthly.

 Milestone Reward Rate: Offering 25,000 RPs worth INR 5,000 on monthly spends of INR 1 Lakh, presenting a 5% reward rate.

 

Lounge Access and Additional Benefits

 Unlimited complimentary domestic lounge access for both primary and addon card members.

 Unlimited international lounge access for the primary cardholder, with the added perk of 8 guest visits annually.

 Airport concierge service offering 8 complimentary endtoend VIP services at airports within India.

 

 

VIEWS ON AXIS MAGNUS CREDIT CARD

 

Evolution of Axis Magnus:

Initially criticized for its low reward rate (1.2%) and high annual fee, Axis Magnus underwent significant changes.

 Monthly Milestone Benefits: Introduction of a monthly reward rate of 6.2% on spending INR 1 Lakh, excluding wallet transactions.

 Accelerated Reward Rate:

Elevating the reward rate to 6% for travel bookings through the Travel Edge portal.

International Lounge Access:

 Unlimited access via Priority Pass for the primary cardholder.

Transfer Partners:

 Integration of airlines and hotel chains as transfer partners with attractive conversion ratios.

BOGO on BMS:

 A unique feature providing 50% off on up to 5 movie/nonmovie bookings monthly, though its practicality is debatable.

Miles Transfer Potential:

Offering potential miles equivalent to 7 business class tickets to Singapore through valuable transfer partners.

 

AXIS MAGNUS CREDIT CARD VS HDFC INFINIA/DCB

 

Comparative Analysis:

 Axis Magnus emerges as a strong contender against HDFC Infinia and DCB, offering more favorable rewards and benefits.

 Monthly milestone benefits, accelerated reward rates, and diverse transfer partners contribute to Axis Magnus’s appeal.

 

Approximate Miles Earned at Various Spend Levels:

Monthly Spend (INR)	Axis Magnus Miles	HDFC Infinia/DCB Miles
50,000	More than HDFC	Less than Axis
1,00,000	More than HDFC	Less than Axis
2,00,000	More than HDFC	Less than Axis

 

 

Accelerated Reward Points Clarification:

 Axis TravelEdge: No limit on TravelEdge, allowing unlimited Edge points.

 Axis Grabdeals: Capping of 10k points per month is applicable.

 Axis GiftEdge: No upper limit on points, but limits on the value of vouchers per brand and overall in a month.

Axis Magnus Transformation:

 The changes in Axis Magnus elevate its status, making it a formidable option in the credit card landscape.

 Enhanced reward rates, monthly milestone benefits, and the addition of transfer partners position Axis Magnus favorably.

 The card’s potential to earn more miles and unique features make it a noteworthy contender against HDFC Infinia and DCB.

 The evolution of Axis Magnus solidifies its standing as a prominent credit card choice in 2024.

 

 AXIS MAGNUS VS HDFC INFINIA VS HDFC DINERS BLACK: A THOROUGH COMPARISON

 

With recent adjustments to HDFC cards and the revamped benefits of Axis Magnus coinciding, a comparative analysis becomes inevitable. The following breakdown sheds light on the crucial aspects differentiating these credit cards.

 

AXIS MAGNUS CREDIT CARD MONETARY VALUE VS. MILES CONVERSION

 

 Monetary Value Comparison: Axis Magnus, in terms of the monetary value of reward points, trails slightly behind HDFC Infinia and DCB.

 Miles Conversion Advantage: However, when considering miles conversion, assuming transfer to Krisflyer using the calculator, Axis Magnus emerges as a superior choice.

REWARD POINTS INCORPORATING MONETARY VALUE AND MILES

 

 Combined Approach: The calculator above integrates both the monetary value and miles conversion, showcasing Axis Magnus’s significant lead.

 Conversion Ratio Caution: While the conversion ratio appears exceptionally favorable, there’s a note of caution to transfer points regularly due to potential future devaluation.

REWARD STRUCTURE SIMPLICITY AXIS MAGNUS CREDIT CARD

 

 Clean Reward Structure: Axis Magnus stands out for its straightforward reward structure, offering a 1.2% base reward rate. Additional benefits kick in when monthly spending exceeds one lakh, providing an extra 5% reward rate.

 HDFC Complexity: HDFC cards, with their evolving 5x/10x programs, present challenges in remembering the eventual reward rates.

 TRANSFER POINTS STRATEGY FOR AXIS MAGNUS

 

 Platform Stability Concerns: Axis TravelEdge platform’s stability issues caution against immediate point transfers.

 Periodic Transfers Advised: Given the perceived excellent conversion ratio, regular point transfers are recommended, with an acknowledgment that the ratio might see adjustments.

POTENTIAL DEVALUATION AND FUTURE CHANGES AXIS MAGNUS CREDIT CARD

 

 Anticipation of Changes:

Expectations of potential devaluation or alterations akin to the RBL Zomato Edition credit card model are advised. These could involve changes in conversion ratios, exclusions of certain spends, or reductions in bonus points.

 Recent Initiatives:

The initiation of restrictions on rent payments above 50k indicates the start of such adjustments.

 

FEATURES SETTING AXIS MAGNUS CREDIT CARD

No 70% Rule:

Axis Magnus presents a distinctive feature by not imposing the 70% rule, allowing the entire reward balance to be used for hotel/airline bookings on the TravelEdge portal.

Airport Concierge Service:

The practicality of this service, akin to a porter service, may offer more utility than the complimentary golf rounds presented by HDFC cards.

5×500 BOGO on BMS:

Axis Magnus provides a valuable ‘Buy One Get One’ offer on BookMyShow, potentially adding INR 6000 to its annual reward rate.

Expanded Transfer Partners:

Axis Bank boasts 12 transfer partners, a notable increase compared to the 3 available for HDFC Infinia/DCB.

 

DECIDING FACTORS FOR APPLYING TO AXIS MAGNUS CREDIT CARD

 

Personal Spending Pattern:

If monthly spending crosses one lakh, Axis Magnus becomes an attractive option with a reward rate comparable to DCB.

Airmiles Game: For those focused on accumulating airmiles, Axis Magnus stands out as a resounding yes.

Monetary Value Prioritization: Individuals prioritizing the monetary value of points should consider Axis Magnus if their monthly bill exceeds one lakh.

 

CONCLUSION ON AXIS MAGNUS CREDIT CARD

 

Axis Magnus Excellence:

With the introduction of new transfer partners and revised benefits, Axis Magnus emerges as a leading credit card in India, especially for frequent travelers.

Decision Dynamics:

The choice between Axis Bank and HDFC Bank as the premier credit card issuer in India hinges on individual preferences and priorities.

 

ALSO READ: AXIS SAMSUNG CREDIT CARD REVIEW

 

Current Standing:

Given recent changes, Axis Magnus, with its enhanced benefits and transfer partners, is positioned as a toptier credit card in India.

User Decision:

Aspiring applicants need to evaluate their specific needs, aligning them with the dynamic calculator to determine optimal returns.

User Thoughts Welcome:

The floor is open for users to share their opinions on Axis Magnus, its recent transformations, and its potential in replacing HDFC Bank’s dominance in the credit card landscape.

Video Credit : Finvestra

Axis Magnus, with its strategic enhancements, emerges as a formidable contender and arguably the best credit card in India for avid travelers. Individual preferences and spending patterns will ultimately dictate the ideal credit card choice.