
The Axis Financial institution Magnus Burgundy Credit score Card (or Magnus for Burgundy) was launched following a big devaluation of the common Magnus Credit Card. The Magnus Burgundy Credit score Card is completely issued to the financial institution’s true Burgundy prospects and is ideally fitted to these with excessive spending sample.
The Axis Magnus Burgundy Credit score Card shouldn’t be solely one of the best bank card in India for HNI’s but in addition one of the best on this planet due to it’s profitable reward construction on ongoing spends. Let’s see the way it stands in 2025,
Overview
Kind | HNI Credit score Card |
Reward Price | 4.8% to 25% |
Annual Price | 30,000+GST |
Finest for | Excessive Worth Spends |
USP | Airline/resort switch companions |
Because of the excessive becoming a member of payment, the Magnus Burgundy Credit score Card is particularly designed for high-value spenders who’re keen to take a position a while to discover its airline and resort switch companions to maximise the purpose worth.
Charges
Becoming a member of Price | 30,000 INR+GST |
Welcome Profit | 5,000 INR Yatra Voucher |
Renewal Price | 30,000 INR+GST |
Renewal Profit | Nil |
Renewal Price waiver | On spending >30 lakhs |
- Spend requirement for annual/renewal payment waiver will exclude spends executed on: Insurance coverage, Gold & Gas
It’s humorous whenever you get solely 5K INR voucher whereas the becoming a member of payment is ~35K INR (with GST).
But when you already know the worth of airmiles or resort loyalty factors, you’ll shut your eyes and go for it.
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The Axis Financial institution Magnus Burgundy Credit score Card is available in a lightweight steel kind issue and primarily operates on the Mastercard platform.
Curiously, the financial institution has chosen to not embrace the phrase “Burgundy” anyplace on the cardboard’s design.
In consequence, it’s inconceivable to distinguish between the common Magnus and the Magnus Burgundy solely primarily based on look.
Rewards
SPEND TYPE | REWARDS | REWARD RATE (EDGE REWARDS PORTAL) |
REWARD RATE (POINTS TRANSFER at 5:4) |
---|---|---|---|
Common Spend | 12 RP / 200 INR | 1.2% | 4.8% |
Axis Journey Edge Portal (5X) | 60 RP / 200 INR | 6% | 24% |
The earn fee of Edge Rewards on common Magnus & Magnus for Burgundy are similar, nonetheless, due to the distinction in factors switch ratio (5:2 for Magnus / 5:4 for Magnus Burgundy), it makes a world of distinction, like 100% extra worth to be exact.
Exclusions for Rewards:
- Hire (Capped at 50K INR a month)
- Pockets, Utilities & Gov. Spends
- Insurance coverage, Gold/Jewelry
- Gas
Accelerated Rewards
- On Spends of >1.5L a month: Get 35 factors / 200 INR (~14%)
Magnus Burgundy is a tremendous bank card for prime spenders as its reward fee beats any card in any financial institution within the “world”, particularly when “month-to-month” spends go up.
You get 14% return for spends over 1.5L INR in a month. However realistically, right here’s how the numbers seem like on common, as first 1.5L spend offers solely 4.8% return.

As you possibly can see, ~3L month-to-month spend on a mean is the candy spot to get near 10% reward fee.
To offer a perspective of how profitable it’s, HDFC Infinia used to supply the best reward fee for very a few years, which is 3.3% on common spends.
On prime of that, for those who transfer the factors to Accor, then it’s 1.8X the worth, which is a candy 18% return on day-to-spends.
5X on Journey Edge
- Earn 60 factors / 200 INR (~24% as miles) upto 2L spends a month
- Earn 35 factors / 200 INR (~14% as miles) past 2L spends a month
Whereas 5X Rewards on Edge Rewards is sweet in a approach, do be aware that coping with Journey Edge portal shouldn’t be a straightforward affair.
Whereas 5X on journey edge is sweet, particularly for flights, HDFC Infinia offers 33% return on smartbuy resort bookings.
Redemption
- Redeem Edge Rewards to factors/miles at 5:4 ratio
- Max up-to 10L factors a calendar 12 months: 2L to Group A & 8L to Group B
GROUP A | GROUP B |
---|---|
Accor (Lodges) | ITC (Lodges) |
Marriott (Lodges) | IHG (Lodges) |
Wyndham (Lodges) | Qantas Airways |
Air Canada | Air India |
Qatar Airways | Air France |
United Airways | Spice Jet |
Singapore Airways | Air Asia |
Turkish Airways | |
Thai Airways | |
Japan Airways | |
Ethiopian Airways | |
Etihad Airways |
If you happen to’re questioning the place to redeem, Accor Lodges (1.8 INR per Accor ALL Level) in Group A & ITC (1 INR per ITC Inexperienced level) in Group B are the secure & well-liked companions.
If you happen to’re on the lookout for airline companions, Air Canada, Singapore Airways and Qatar are the subsequent greatest.
However remember that airline companions are dangerous as they have an inclination to devalue miles in a single day and also you would possibly find yourself sitting on ~50% decrease worth, identical to how I’m sitting on few lakh miles with United Airways.
Airport Lounge Entry
ACCESS TYPE | VIA | LIMIT | GUEST ACCESS |
---|---|---|---|
Home Lounge Entry | Visa / Mastercard | Limitless | 4 |
Worldwide Lounge Entry (Main) | Precedence Cross | Limitless | 4 |
Visitor entry is an efficient one to have and it’s restricted to 4 per “calendar 12 months” which is first rate however 8 as earlier than would have been lot higher.
Notice: With impact from 1st Might 2024, the airport lounge advantages (home solely) can be found after spending 50K INR previously 3 calendar months. That is merciless for a card of this grade.
Airport Meet & Greet


- Complimentary Entry: 4 / Calendar 12 months
The home airport meet & greet service – which Axis Financial institution calls as “airport concierge” service is the USP of this product. It offers VIP Help Providers for a easy and hassle-free airport transfers in India.
Add-On Playing cards

Getting add-on playing cards with any Axis Financial institution bank card is hard however is getting higher.
I wouldn’t recommend taking add-on playing cards for those who’re on the lookout for peace of thoughts. As a result of even for those who get it, you would possibly find yourself in OTP dealing with points. Hope Axis Financial institution fixes this Add-on playing cards challenge eternally.
Foreign exchange Markup Price
- Overseas Foreign money Markup Price: 2%+GST = 2.4%
- Internet Return: Rewards – Markup Price = 4.8% – 2.4% = ~2.4%
2.4% achieve on foreign exchange spends is an excellent return on spend within the trade. On prime of it, in case your month-to-month spends are greater, then it’s undoubtedly one of the best bank card for foreign exchange spends.
Options & Advantages
- No Money Withdrawal payment (however finance fees applies)
- 1% gasoline surcharge waiver (400 INR to 4000 INR)
- Purchase 1 Get 1 Bookmyshow supply has been discontinued from April 2024
My Expertise

I’ve been holding the common Axis Magnus Credit score Card ever because it was launched after which moved to the Axis Magnus Burgundy after they initially rolled out the LTF supply.
It’s extremely profitable for certain and have been utilizing it for each home & worldwide spends.
The one draw back of the cardboard is the lengthy record of exclusions, together with utilities, which is sort of unacceptable for card of this grade.
Do you have to get it?
If I take a look at the latest consultations, I’ve all the time instructed the Axis Magnus Burgundy Credit score Card as a main card, particularly when the annual spends are ~40 Lakhs or extra.
If the spends are barely on decrease facet and nonetheless want to get higher return on spend, a number of Axis Atlas & Amex Platinum Travel Credit score Playing cards within the household would additionally assist.
That mentioned, Atlas Credit score Card is sort of a profitable card even now and may as properly get devalued additional anyday however Magnus for Burgundy would possibly stand bit longer because it’s tied to NRV which provides some revenue to the financial institution.
And to not point out that Axis Financial institution doesn’t such as you to do enterprise spends on their playing cards.
So, for those who’re holding Magnus Burgundy or for those who intend to use for one, be sure to keep watch over the newest updates which the financial institution communicates once in a while, so that you simply’re not up for an disagreeable shock.
Easy methods to Apply?
- Eligibility: 30L NRV to start out with; then 30L NRV or 10L AMB
If you happen to already meet the eligibility standards and maintain an present Axis Financial institution Credit score Card, name Axis Financial institution assist and you must have the ability to apply over the decision.
If you happen to’re new to financial institution, you then’ll must observe the 30L NRV route for fast issuance, by way of department.
Backside line
Axis Financial institution Magnus Burgundy Credit score Card is a splendidly rewarding bank card for prime spenders. It’s a will need to have card for many who’re spending >1.5L a month.
Whereas it’s undoubtedly an important card with no limits on incomes functionality, capping the Group A redemptions to solely 2L a 12 months feels too low, aside from Accor Lodges that provides distinctive worth.
I want the financial institution will increase that quantity or maybe strikes some companions to Group B in future.
If that’s not going to occur, we’ll need to depend on further playing cards like Axis Atlas for redemptions past 2L Factors in a calendar 12 months.