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Features of Axis Bank Magnus Burgundy Credit Card
- Reward Points Program (EDGE Rewards):
The Magnus Burgundy Credit Card offers an enhanced rewards program with superior transfer ratios compared to the standard Magnus card.
Base Reward Rate: Earn 12 EDGE Reward Points for every ₹200 spent, applicable on cumulative monthly spends up to ₹1.5 lakh.
Accelerated Rewards for High Spenders: Earn 35 EDGE Reward Points per ₹200 on incremental spends above ₹1.5 lakh in a calendar month, offering up to 14% value-back when redeemed with travel partners.
Travel EDGE Bonus: Earn 60 EDGE Reward Points per ₹200 spent on the Travel EDGE portal (Axis Bank's travel booking platform), capped at ₹2 lakh per month, yielding up to 24% value-back.
Superior Transfer Ratio: 5 EDGE Points = 4 partner miles (compared to 5:2 for standard Magnus), doubling the value when transferred to airline/hotel partners.
Exclusions: Certain categories like utilities, fuel, insurance, gold/jewelry, wallet transactions, government institutions, and rental spends do not earn rewards or count toward milestone thresholds.
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- Redemption Options: Points can be redeemed for vouchers, electronics, or travel bookings through the EDGE Rewards catalog. The most lucrative redemption is transferring points to 20+ airline and hotel partners (e.g., Qatar Airways, Air France, Accor, Turkish Airlines) at a 5:4 ratio (5 EDGE Points = 4 partner miles). Points are valid for 3 years from the date of accrual. Annual cap on point transfers: 10 lakh EDGE Reward Points per customer ID, with sub-caps of 2 lakh points for Group A partners and 8 lakh points for Group B partners.
- Travel Benefits: The Magnus Burgundy Credit Card offers premium travel perks for frequent flyers: Unlimited Airport Lounge Access: Domestic Lounges: Unlimited complimentary access to select domestic airport lounges for both primary and add-on cardholders. International Lounges: Unlimited complimentary access via Priority Pass for the primary cardholder, plus 4 additional guest visits per year. Low Forex Markup Fee: A 2% foreign currency markup fee (plus GST) applies to international transactions. Airport Meet & Greet: 4 complimentary services per year for check-in, security, and immigration assistance. Travel EDGE Discounts: Up to 24% value-back on bookings through the Travel EDGE portal when redeeming points.
- Dining and Lifestyle Benefits: Dining Delights Program: Up to 40% off (capped at ₹1,000) at over 4,000 restaurants across India via the EazyDiner program. EazyDiner Prime Membership: Automatically granted around the cardholder's birthday (linked to the registered mobile number), offering additional dining discounts. Grab Deals: Accelerated rewards (up to 10,000 bonus EDGE Reward Points per month) on transactions via Grab Deals partners like Flipkart, Amazon, and instant vouchers. Hotel Discounts: Up to 15% off at domestic and international Oberoi and Trident Hotels.
- Health and Wellness Benefits: Medical Concierge: Access to medical concierge services for appointments and healthcare coordination. Second Medical Opinion: Consultations with top specialists at leading medical institutions. Preventive Healthcare: Discounts on diagnostic packages from providers like Dr. PathLab and Metropolis. Global Travel and Medical Assistance: Support for international travel, including pre-trip information, visa assistance, interpreter referrals, telephonic medical advice, and help with lost documents or baggage.
- Insurance and Safety Features: Credit Shield: Coverage up to ₹5 lakh against card misuse or fraud. Purchase Protection: Coverage up to ₹2 lakh for damaged or stolen purchases made with the card. Lost Baggage/Delay: Insurance up to $500 for lost baggage or travel delays. Air Accident Cover: Coverage for accidental death or permanent disability during air travel.
- Financial Benefits: No Cash Withdrawal Fee: No fee for cash advances, though finance charges apply. Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400 and ₹4,000, capped at ₹400 per month. Annual Fee Waiver: The ₹30,000 + GST annual fee is waived if you spend ₹30 lakh in the preceding card anniversary year.
- Welcome and Joining Benefits: Joining Fee: ₹30,000 + GST, offset by a ₹5,000 voucher (Luxe, Postcard Hotels, or Yatra) upon card activation. Annual Benefit: Similar to the welcome benefit, cardholders receive a voucher worth up to ₹5,000 annually upon fee payment.
- Metal Form Factor: The card is issued in a premium metal form factor on the Mastercard platform, offering a luxurious look and feel with etched digits for durability.
- Concierge Services: 24/7 Concierge: Assistance with flight bookings, hotel reservations, dining, gift deliveries, and event planning. Contact the concierge at 1800 103 4962.
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- Dining Discounts: Up to 40% off (₹1,000 cap) at 4,000+ restaurants via EazyDiner, plus complimentary EazyDiner Prime membership.
- Unique Health Benefits: Medical concierge, second opinions, preventive healthcare discounts, and global medical assistance.
- Comprehensive Insurance: ₹5 lakh credit shield, ₹2 lakh purchase protection, $500 for lost baggage/delay.
- Financial Advantages: No cash withdrawal fee, 1% fuel surcharge waiver (₹400 cap), competitive interest rates.
- Premium Design: Metal card form factor on Mastercard platform for a luxurious look and feel.
- Concierge Services: 24/7 assistance for travel, dining, and lifestyle needs (contact: 1800 103 4962).
- Hotel Discounts: Up to 15% off at Oberoi and Trident Hotels (domestic and international).
- Global Travel Assistance: Pre-trip information, visa assistance, interpreter referrals, and support for lost documents.
- Grab Deals: Earn up to 10,000 bonus EDGE Reward Points monthly on transactions via Grab Deals partners.
- Exclusive Burgundy Benefits: Priority customer support, dedicated relationship manager, and premium banking services.
- Metal Card Design: Issued in a premium metal form factor on the Mastercard platform, offering a luxurious look and feel with etched digits for durability.
Frequently Asked Questions (FAQs)
What is the Axis Bank Magnus Burgundy Credit Card?
The Axis Bank Magnus Burgundy Credit Card is a premium credit card exclusively for Axis Bank Burgundy customers. It offers enhanced rewards (up to 24% value-back on travel spends), unlimited lounge access, low forex markup, and lifestyle benefits like dining discounts and concierge services.
How is it different from the standard Axis Bank Magnus Credit Card?
The Magnus Burgundy Card has a 5:4 reward transfer ratio (vs. 5:2 for standard Magnus), higher annual fee (₹30,000 vs. ₹12,500), and is exclusive to Burgundy customers. It also offers a higher reward point transfer cap (10 lakh vs. 5 lakh annually) and retains some benefits (e.g., meet-and-greet) discontinued for the standard card.
Who can apply for the Magnus Burgundy Credit Card?
Only Axis Bank Burgundy customers are eligible. You must maintain a ₹10 lakh Average Quarterly Balance (AQB), ₹30 lakh Total Relationship Value (TRV), ₹1 crore TRV with demat holdings, or have a ₹3 lakh monthly salary or ₹24 lakh annual income. Applicants must be 18–70 years old with a strong credit score (preferably 750+).
What are the eligibility criteria for the card?
You must be a Burgundy customer with:
₹10 lakh AQB in savings/current accounts.
₹30 lakh TRV across savings, current accounts, fixed deposits, and investments.
₹1 crore TRV including demat holdings.
₹3 lakh net monthly salary credited to an Axis Bank salary account.
₹24 lakh net annual income with a filed ITR.
Age: 18–70 years.
Strong credit history and score.
₹10 lakh AQB in savings/current accounts.
₹30 lakh TRV across savings, current accounts, fixed deposits, and investments.
₹1 crore TRV including demat holdings.
₹3 lakh net monthly salary credited to an Axis Bank salary account.
₹24 lakh net annual income with a filed ITR.
Age: 18–70 years.
Strong credit history and score.
What documents are required to apply?
Required documents include:
Identity Proof: PAN Card (mandatory), Aadhaar, passport, driver’s license, or voter ID.
Address Proof: Aadhaar, passport, utility bill (not older than 3 months), or rental agreement.
Income Proof: ITR for ₹24 lakh, Form 16, 3 months’ salary slips for ₹3 lakh monthly, or bank statements showing salary credits.
Burgundy Proof: Bank statement or relationship manager confirmation of AQB/TRV.
Photograph: Recent passport-sized photo.
Application Form: Duly filled and signed.
Identity Proof: PAN Card (mandatory), Aadhaar, passport, driver’s license, or voter ID.
Address Proof: Aadhaar, passport, utility bill (not older than 3 months), or rental agreement.
Income Proof: ITR for ₹24 lakh, Form 16, 3 months’ salary slips for ₹3 lakh monthly, or bank statements showing salary credits.
Burgundy Proof: Bank statement or relationship manager confirmation of AQB/TRV.
Photograph: Recent passport-sized photo.
Application Form: Duly filled and signed.
How can I apply for the card?
You can apply by:
Contacting your Burgundy relationship manager.
Calling the Burgundy helpline: 1800 419 0065.
Visiting an Axis Bank branch (preferably Priority Banking/Wealth Management).
Checking the Axis Bank website or Axis Mobile App for online application (if available). Submit required documents and the application form.
Processing takes 7–21 working days.
Contacting your Burgundy relationship manager.
Calling the Burgundy helpline: 1800 419 0065.
Visiting an Axis Bank branch (preferably Priority Banking/Wealth Management).
Checking the Axis Bank website or Axis Mobile App for online application (if available). Submit required documents and the application form.
Processing takes 7–21 working days.
Can non-Burgundy customers apply?
No, you must first become a Burgundy customer by meeting the AQB (₹10 lakh), TRV (₹30 lakh), or income (₹24 lakh annually) criteria. Contact an Axis Bank branch or the Burgundy helpline to open a Burgundy account.
Can I upgrade from the standard Magnus Credit Card to Magnus Burgundy?
Yes, existing Magnus cardholders can request an upgrade by meeting Burgundy eligibility criteria. Contact your relationship manager or call 1800 419 0065. The bank may charge a differential fee.
What is the joining and annual fee for the card?
The joining fee is ₹30,000 + GST (≈₹35,400), and the annual fee is ₹30,000 + GST, waived if you spend ₹30 lakh in the preceding card anniversary year (excluding insurance, fuel, gold, utilities, etc.).
Are there any other charges?
Yes, key charges include:
Foreign Currency Markup: 2% + GST on international transactions.
Rent Transaction Fee: 1%, capped at ₹1,500 per transaction.
Interest Rate: 3% per month (42.58% annually) on unpaid balances.
Cash Withdrawal Fee: None, but finance charges apply.
Lounge Access Authentication: ₹25 per visit (reversed within 24 hours).
Foreign Currency Markup: 2% + GST on international transactions.
Rent Transaction Fee: 1%, capped at ₹1,500 per transaction.
Interest Rate: 3% per month (42.58% annually) on unpaid balances.
Cash Withdrawal Fee: None, but finance charges apply.
Lounge Access Authentication: ₹25 per visit (reversed within 24 hours).
Was the card ever offered as lifetime free (LTF)?
Yes, it was offered as LTF to select Burgundy customers until January 31, 2024. Now, the ₹30,000 + GST joining/annual fee applies.
List of Axis Bank Magnus Credit Card Branches in Telangana
- Hyderabad (Abids)
- Hyderabad (Adityanagar)
- Hyderabad (Alwal)
- Hyderabad (Ameerpet)
- Hyderabad (Anandbagh)
- Hyderabad (Attapur)
- Hyderabad (Bachupally)
- Hyderabad (Balanagar)
- Hyderabad (Bandlaguda)
- Hyderabad (Banjara Hills)
- Hyderabad (Barkatpura)
- Hyderabad (Begumpet)
- Hyderabad (Bowenpally)
- Hyderabad (Champapet)
- Hyderabad (Chandanagar)
- Hyderabad (Charminar)
- Hyderabad (Chikkadpally)
- Hyderabad (Chintal)
- Hyderabad (Dilsukhnagar)
- Hyderabad (Domalguda)