Benefits of having Axis Bank Magnus Credit Card

Introduction

Applying for the Axis Bank Magnus Credit Card is a great option for travelers and excessive spenders. Several deals are available on travel, food, health, and a variety of other topics. The Axis Bank Magnus Credit Card is a premium offering by the bank and it offers entertainment rewards as well. There are other aspects as well, and you might be eager to learn about them. Let’s look at all the benefits of this credit card, and if you think they seem appealing, you can apply for the card.

Benefits and Features of Axis Bank Magnus Credit Card

One of the greatest credit cards offered by Axis Bank is the Magnus credit card. There is a variety of credit cards which are provided by the bank’s credit card division. Here are some of the benefits and features that are provided through this Credit Card:

Travel and Stay

Welcome/Annual Benefits – As your yearly reward, pick between one free domestic flight ticket and a Tata CLiQ gift card worth Rs. 1000.
Airport Concierge Service – Take advantage of 8 complimentary end-to-end VIP services.
International Lounge Access – With the Priority Pass card, get 8 extra guest visits each year as well as unrestricted free access to International Lounges.
Domestic Lounge Access – Unlimited Access to specific airport lounges in India.

Entertainment and Lifestyle

Dining benefits: Get discounts of up to 20% at more than 4000 restaurants all around India.
BookMyShow Benefits: Buy one movie or non-movie ticket and receive up to Rs. 500 discount on the next.
Extraordinary Weekends: Internationally curated adventures with amazing weekends.

Health and Wellness

Insurance Benefits: The following are the insurance benefits offered by Axis Bank’s Magnus Credit Card.

Categories	Insurance Coverage
Accidental Air Death	Rs. 4.5 crores
Credit Liability	Depends on card limit
Credit Shield	Rs. 5 lakhs
Lost/delayed Baggage	US $500
Purchase Protection	Rs. 2 lakhs

Medical Services: Personalized oncology care, home quarantine programs, health counseling, and other virtual health services are available.
Precautional Healthcare: With SRL Diagnostic, take advantage of unique precautionary healthcare packages and a variety of benefits from Metropolis and Dr. Lal PathLab.
Medical and International Travel Assistance: Information on vaccination and visa requirements, legal and medical service recommendations, emergency evacuation, etc. will help you travel safely.

More Benefits

Annual Fee Waiver: Annual fees of Rs. 10,000 + Taxes waived off on spending of Rs. 15 lakhs in the previous year.
Advantages on Fees and Charges:
– Reduces interest rate of 2.5 percent only.
– Low forex markup fee of 2% on International transactions.
– No fees for cash withdrawals
– 1% of the fuel surcharge is waived for transactions between Rs. 400 to Rs. 4000.

Eligibility Criteria

The applicant must be between the ages of 18 and 70. The age of the add-on cardholder must be at least 18.
Applicants’ annual income needs to be at least Rs. 18 lakh a year. Customers who file their income taxes must acknowledge receipt of at least Rs. 18 lakh in total.
The applicant must be an Indian citizen.

Conclusion

When comparing the card’s perks and the membership cost, it appears to be a reasonable choice for the premium market. Along with many other attractive dining and travel benefits, you also receive a low-interest rate and a lower-than-typical foreign currency markup cost. The card is extremely comparable to the Infinia and Emerald cards from HDFC and ICICI. The additional medical benefits that this card provides set it apart from the other two.