Axis Magnus for Burgundy
Axis Bank
Annual Fee
₹35,400
incl. 18% GST
Reward Rate
1.2% - 50.4%
Forex Markup
2.36%
Interest Rate
42.58%
Transfer Partners
16
Lounge Access
Domestic
Unlimited (requires ₹50,000 spend in preceding 3 months)
International
Unlimited via Priority Pass
Guest Policy
4 guest visits per calendar year (domestic); 4 guest visits per anniversary year (international)
Airport Benefits
Discontinued from April 2024
Discontinued from April 2024
Rewards
Base Rate
12 Edge Points per ₹200 (up to ₹1.5L/month)
Accelerated
35 Edge Points per ₹200 on spends above ₹1.5L/month
Details
Key upgrade over Magnus: 5:4 miles transfer ratio (vs 5:2). Travel EDGE earns 60 pts/₹200 up to ₹2L/month, then 35 pts/₹200. 10L transfer cap/year (2L Group A + 8L Group B). 2% forex markup.
Other Benefits
Golf
Complimentary golf at select courses in India
Transfer Partners
Milestone Benefits
Spends above ₹1.5L/month earn accelerated 35 EP/₹200
Welcome Benefits
- ₹5,000 voucher (Yatra/Luxe/PostCard Hotels) for new applications
Fee Structure
Annual Fee
₹35,400
incl. 18% GST
Joining Fee
₹35,400
incl. 18% GST
Fee Waiver
Spend ₹30,00,000 per annum (excl. rent, wallet, utilities, insurance, gold, fuel). Burgundy clients only.