The Axis Financial institution Magnus Burgundy Credit score Card (or Magnus for Burgundy) was launched following a big devaluation of the common Magnus Credit score 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 is just not solely the very best bank card in India for HNI’s but in addition the very best on the planet due to it’s profitable reward construction on ongoing spends. Let’s see the way it stands in 2025,
Overview
| Sort | HNI Credit score Card |
| Reward Fee | 4.8% to 25% |
| Annual Price | 30,000+GST |
| Greatest for | Excessive Worth Spends |
| USP | Airline/lodge switch companions |
As a result of excessive becoming a member of price, the Magnus Burgundy Credit score Card is particularly designed for high-value spenders who’re prepared to take a position a while to discover its airline and lodge 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 price waiver will exclude spends performed on: Insurance coverage, Gold & Gas
It’s humorous if you get solely 5K INR voucher whereas the becoming a member of price is ~35K INR (with GST).
But when you understand the worth of airmiles or lodge loyalty factors, you’d shut your eyes and go for it.
Design
The Axis Financial institution Magnus Burgundy Credit score Card is available in a lightweight steel type issue and primarily operates on the Mastercard platform.
Apparently, the financial institution has chosen to not embrace the phrase “Burgundy” wherever on the cardboard’s design.
In consequence, it’s inconceivable to distinguish between the common Magnus and the Magnus Burgundy solely based mostly 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 charge of Edge Rewards on common Magnus & Magnus for Burgundy are identical, nevertheless, 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 top spenders as its reward charge 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 appear to be on common, as first 1.5L spend provides solely 4.8% return.
As you may see, ~3L month-to-month spend on a median is the candy spot to get near 10% reward charge.
To offer a perspective of how profitable it’s, HDFC Infinia used to supply the very best reward charge for very a few years, which is 3.3% on common spends.
On high of that, should you 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 nice in a means, do observe that coping with Journey Edge portal is just not a straightforward affair.
Whereas 5X on journey edge is nice, particularly for flights, HDFC Infinia provides 33% return on smartbuy lodge bookings.
Redemption
- Redeem Edge Rewards to factors/miles at 5:4 ratio
- Max up-to 10L factors a calendar Yr: 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 |
Should you’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 protected & widespread companions.
Should you’re searching for airline companions, Air Canada, Singapore Airways and Qatar are the subsequent finest.
However remember that airline companions are dangerous as they have a tendency 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.
Observe: With impact from 1st Might 2024, the airport lounge advantages (home solely) can be found after spending 50K INR prior to now 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 provides VIP Help Companies for a clean 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 counsel taking add-on playing cards should you’re searching for peace of thoughts. As a result of even should you get it, you would possibly find yourself in OTP dealing with points. Hope Axis Financial institution fixes this Add-on playing cards problem eternally.
Foreign exchange Markup Price
- Overseas Forex Markup Price: 2%+GST = 2.4%
- Web Return: Rewards – Markup Price = 4.8% – 2.4% = ~2.4%
2.4% acquire on foreign exchange spends is an excellent return on spend within the trade. On high of it, in case your month-to-month spends are increased, then it’s undoubtedly the very best bank card for foreign exchange spends.
Options & Advantages
- No Money Withdrawal price (however finance costs applies)
- 1% gasoline surcharge waiver (400 INR to 4000 INR)
- Purchase 1 Get 1 Bookmyshow provide 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 provide.
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 kind of unacceptable for card of this grade.
Must you get it?
If I take a look at the current consultations, I’ve all the time recommended 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 Journey Credit score Playing cards within the household would additionally assist.
That stated, Atlas Credit score Card is kind of a profitable card even now and may as effectively get devalued additional anyday however Magnus for Burgundy would possibly stand bit longer because it’s tied to NRV which supplies 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, should you’re holding Magnus Burgundy or should you intend to use for one, be sure to regulate the most recent updates which the financial institution communicates infrequently, so that you just’re not up for an disagreeable shock.
Learn how to Apply?
- Eligibility: 30L NRV to start out with; then 30L NRV or 10L AMB
Should you already meet the eligibility standards and maintain an present Axis Financial institution Credit score Card, name Axis Financial institution help and it is best to be capable of apply over the decision.
Should you’re new to financial institution, then you definitely’ll must comply with the 30L NRV route for fast issuance, through department.
Backside line
Axis Financial institution Magnus Burgundy Credit score Card is a splendidly rewarding bank card for top spenders. It’s a should have card for many who’re spending >1.5L a month.
Whereas it’s undoubtedly a terrific card with no limits on incomes functionality, capping the Group A redemptions to solely 2L a 12 months feels too low, apart 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 must depend on further playing cards like Axis Atlas for redemptions past 2L Factors in a calendar 12 months.