| Credit Card | Axis Magnus Burgundy | Axis Magnus |
|---|---|---|
| Annual Fee | Rs. 30,000 + Taxes | Rs. 12,500 + Taxes |
| Annual Fee Waiver | On annual spends of Rs. 30 Lakh | On annual spends of Rs. 25 Lakh |
| Miles Conversion Ratio | 5:4 | 5:2 |
| Annual Capping on Miles Conversion | 10 Lakh points | 5 Lakh points |
| Annual Capping for Group A | 2 Lakh points | 1 Lakh points |
| Annual Capping for Group B | 8 Lakh points | 4 Lakh points |
| Airport Meet & Greet Services | 4 per year | Nil |
| Welcome Benefit | 1 voucher worth Rs. 5,000 from Luxe gift card, The Postcard Hotels or Yatra | Luxe gift card or The Postcard Hotels gift voucher worth Rs. 12,500 |
Axis Bank
Axis Magnus for Burgundy Credit Card
Travel
Lounge Access
Reward Points
1st Year Fee: ₹30,000* Plus Applicable Taxes
Travel
Up to 5X rewards on Axis Travel EDGE spends
Lounge Access
Unlimited lounge access with 4 free guest visits
Rewards
Up to 14% value-back on non-travel spends
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About Axis Magnus for Burgundy Credit Card
Axis Magnus for Burgundy Credit Card is exclusively available to Axis Bank’s Burgundy clients at an annual fee of Rs. 30,000. While the card follows the same spend-based reward structure as Magnus, it offers enhanced travel benefits. Burgundy cardholders can earn up to 24% value-back on travel spends (through Travel EDGE) and up to 14% value-back on non-travel spends, by redeeming reward points against partner airlines or hotel loyalty programs in 5:4 ratio.
In addition to a good reward rate, the card offers several travel benefits, including unlimited lounge access with complimentary guest visits, a low forex mark-up fee of 2%, and complimentary airport meet-and-greet services, making it an excellent choice for frequent travellers.
Though Axis Magnus lost most of its sheen after a devaluation in April 2024, Magnus for Burgundy still stands strong on the travel front offering an excellent 5:4 conversion ratio for partner airlines. The card continues to offer airport meet & greet and lounge visits for guests– features that are no longer available on Axis Magnus. For Burgundy clients who spend heavily and travel frequently, this card can be a strong choice.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit Axis Bank’s website.
Rewards Program
Reward Earning
- 12 EDGE reward points per Rs. 200 spent on cumulative monthly spends of up to Rs. 1.5 Lakh1
- 35 EDGE reward points per Rs. 200 spent above cumulative monthly spends of Rs. 1.5 Lakh1
- 60 EDGE reward points per Rs. 200 spent on Travel EDGE portal up to cumulative monthly spends of Rs. 2 Lakh
- 35 EDGE reward points per Rs. 200 spent on Travel EDGE portal above monthly spends of Rs. 2 Lakh
Reward Points Redemption
Axis Magnus for Burgundy cardholders can transfer accumulated reward points into 20+ partner airline or hotel loyalty points at a 5:4 ratio.
Other Features & Benefits
Lounge Access
- Unlimited complimentary international lounge visits through Priority Pass
- Unlimited visits to select domestic airport lounges on spending Rs. 50,000 in the previous three months
- 4 additional guest visits each to international & domestic lounges every year
Other Travel Benefits
- Low forex mark-up fee of 2%
- 4 complimentary airport meet & greet services in a year
Also Check: Best Travel Credit Cards
Welcome Benefit
- Any one voucher worth Rs. 5,000 from Luxe gift card, The Postcard Hotels gift voucher or Yatra gift voucher.
Fees & Charges
| Fee Type | Amount | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 30,000 + Taxes | ||||||||||
| Annual Fee | Rs. 30,000 + Taxes | ||||||||||
| Finance Charges | 3.0% p.m. (42.58% p.a.) | ||||||||||
| Late Payment Charges |
|
Comparison: Axis Magnus vs. Axis Magnus for Burgundy
Axis Magnus for Burgundy Credit Card can be considered an upgraded variant of Axis Magnus. While the regular Axis Magnus Card offers up to 12% value-back with a 5:2 miles conversion ratio, the Burgundy variant increases this value back to up to 24% with miles conversion ratio of 5:4. Apart from this, the annual capping on miles conversion is also higher in Burgundy—10 Lakh reward points per year compared to 5 Lakh with Magnus card, allowing credit card cardholders to get better value. Additionally, while airport meet & greet services have been removed from the Magnus card, Burgundy cardholders still get 4 complimentary meet & greet services every year.
When it comes to joining & annual fees, Burgundy Card charges Rs. 30,000 but only offers welcome benefits worth Rs. 5,000, whereas Magnus card completely compensates for its joining fee by offering welcome benefits worth the joining fee of Rs. 12,500. Moreover, exclusive benefits at Trident and Oberoi hotels are available on Magnus Card but not on the Burgundy Card. So, while Burgundy Card improves the miles conversion ratio and offers some additional travel benefits, its overall value back is slightly impacted due to the lack of hotel and welcome benefits.
Axis Magnus for Burgundy: Eligibility Criteria
Axis Burgundy accountholders can apply for this credit card. To maintain Burgundy relationship with the bank, individuals need to meet the below criteria:
- Maintenance of an average quarterly balance of Rs. 10 Lakh in the savings account, OR
- Maintenance of an average quarterly balance of Rs. 10 Lakh across savings and current accounts, OR
- Maintenance of a minimum Total Relationship Value (TRV) of Rs. 30 Lakh, OR
- Maintenance of a minimum Total Relationship Value (TRV) of Rs. 1 Crore including Demat holdings, OR
- Salaried individuals must receive a net salary of Rs. 3 Lakh and above every month in salary account, OR
- Foreign inward remittance of at least Rs. 40 Lakh received through wire transfer or remit money in last 12 months (Only for NRI’s)
Things to Know Before you apply
Get this card if
You are currently an Axis Burgundy client and maintain that relationship with the bank
You frequently travel and can maximize benefits by redeeming rewards for airmiles or hotel loyalty points
You are a high spender and can earn substantial reward points each month
You can reach the annual spending milestone of Rs. 30 Lakh to qualify for the annual fee waiver
Other Similar Credit Cards
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Paisabazaar Review
What do we like about this card?
Axis Magnus for Burgundy Credit Card offers a value back of up to 24% on travel spends through the Travel Edge portal. Cardholders can redeem accumulated reward points against partner airmiles and hotel loyalty points at a 5:4 ratio. Besides this, the card offers unlimited lounge visits with complimentary guest access and airport meet & greet services, which enhance its overall value for frequent travellers.
Pros
- Unlimited complimentary lounge access worldwide
- Reward redemption against partner airlines and hotel loyalty points at a 5:4 ratio
- Complimentary airport meet and greet services every year
- Up to 5X reward points on travel spends
Cons
- High spending milestone of Rs. 30 Lakh for annual fee waiver
- Capping on reward points redemption for airmiles and hotel loyalty points
- Limited welcome benefits of Rs. 5,000, especially considering the Rs. 30,000 joining fee
Conclusion
While most Axis Bank credit cards saw steep devaluations in 2024, Magnus for Burgundy remained strong, with no changes to its reward redemption ratio. However, limitations such as a redemption capping of 10 lakh reward points and the division of partners into Group A and Group B can be seen as drawbacks. Despite these, the card retains airport meet-and-greet services and complimentary guest visits at airport lounges—benefits that were removed from Axis Magnus. As a result, Axis Magnus for Burgundy remains a strong contender among premium cards, offering one of the highest value propositions for travel spends.
Frequently Asked Questions
Everything you need to know about this credit card
The card is exclusively available to Axis Burgundy clients. To be eligible, individuals must maintain an Average Quarterly Balance of Rs. 10 Lakh in a savings account or across savings and current accounts. Alternatively, they must have a Total Relationship Value (TRV) of Rs. 30 Lakh across deposits and investments, a TRV of Rs. 1 Crore including Demat holdings, or a net monthly salary of Rs. 3 Lakh or more credited to an Axis Bank salary account.
Axis Magnus for Burgundy Credit Card is offered exclusively to Axis Burgundy customers. If you are an Axis Burgundy customer, you can contact Axis Bank\\\\\\\'s customer service to check your eligibility and apply for the card. Additionally, you can visit any Axis Bank branch, submit a duly filled application form, and provide the necessary documents.
Axis Magnus Credit Card is a premium card offered to individuals with a strong credit profile, whereas Axis Magnus for Burgundy Credit Card is exclusively for Burgundy customers. While both cards offer the same reward points, Burgundy cardholders benefit from a better redemption rate, allowing them to convert reward points into partner airline or hotel loyalty points at a 5:4 ratio, compared to a 5:2 ratio for Axis Magnus Card.
Yes, Axis Magnus Burgundy Credit Card offers unlimited complimentary domestic and international lounge visits. Additionally, cardholders can avail 4 complimentary guest visits per year to both domestic and international lounges.
The card charges a joining fee of Rs. 30,000 and offers a complimentary voucher worth Rs. 5,000 from Luxe Gift Card, The Postcard Hotels, or Yatra.com after the payment of joining fee.
Yes, Axis Magnus Burgundy Credit Card offers 4 complimentary airport meet & greet services every year.
Footnotes
- No reward points are offered on Wallet, Rent, Priority Pass Fee, EMI, Utilities & Government Institution, Insurance, Fuel, Gold & Jewellery spends.
Click here to know More Terms and Conditions
Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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