1. Axis Magnus Credit Card (For Premium Spenders)
- Issuing Bank: Axis Bank
- Annual Fees: ₹12,500 (Plus GST; Significant benefits offset fee for high spenders)
- Ideal For: High-income professionals, Frequent travellers, Luxury seekers.
Key Features:
- Earn 12 Edge Rewards per ₹200 spent (Accelerated to 24/₹200 after ₹1.5L monthly spend).
- Transfer Rewards to Miles: 1:1 with Vistara, 5:2 with Accor, 5:4 with AirAsia, etc. (Excellent value).
- Complimentary domestic & international airport lounge access (Unlimited domestic via Priority Pass; 8 intl.).
- Complimentary Taj Epicure Plus membership.
- BOGO movie tickets (up to ₹500) twice a month on BookMyShow.
- Golf lessons & access benefits.
- Welcome benefits (e.g., 25,000 Edge points on ₹50k spend in first month).
Pros:
- Industry-leading rewards rate for spends over ₹1.5L/month.
- Superb transfer partners for luxury travel.
- Extensive premium lifestyle benefits (Lounges, Taj, Golf, Movies).
- Comprehensive travel insurance.
Cons:
- Very high annual fee.
- Benefits truly shine only with consistent high spending (₹1.5L+/month).
- Complex reward structure for beginners.
