Cards · Axis Bank

Axis Bank MAGNUS for Burgundy Credit Card: rewards, caps and exclusions

The Axis Bank MAGNUS for Burgundy Credit Card pays about 6% on Axis travel edge portal, Grab deals gyftr, on the first ₹2,00,000 of spend a month, and 1.2% on everything else. Below is every rate, cap and exclusion in Axis Bank's published terms, as we last checked them on 18 July 2026.

₹30,000 a yearPaid in points

What it earns

≈6%Axis travel edge portal, Grab deals gyftron the first ₹2,00,000 of spend a month

≈3.5%Monthly spends above ₹1.5Lcapped — see the issuer's terms

≈1.2%Everything elseno cap stated

≈ marks a rate paid in points, converted at ₹0.2 a point: the lowest redemption value Axis Bank documents. Some redemptions are worth more; we price at the floor, because that is what the points are worth whichever way you spend them.

What earns nothing

Spend in these categories earns no rewards on this card, however it is paid for:

Utility bills
Telecom bills
Rent
Wallet loads
Government payments
Insurance premiums (since 20 June 2025)
Jewellery
Fuel
Cash withdrawals and fees
International spends

Fees

Annual fee: ₹30,000, plus 18% GST
Joining fee: ₹30,000

Welcome benefit: ₹5,000 voucher (flight/Luxe/PostCard/Yatra).

Eligibility: aged 18–70.

Where this comes from

Transcribed from Axis Bank's own documents and checked against them on 18 July 2026:

axis.bank.in (PDF)

Banks change these terms, sometimes with a month's notice. If a figure here disagrees with Axis Bank's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.

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