The ₹12,500 annual fee plus taxes can be waived when the cardholder spends ₹25 lakh during the preceding card-anniversary year. The waiver threshold applies to all customers irrespective of onboarding date.

Spending is calculated according to the card anniversary year. The required ₹25 lakh spending must occur during the preceding anniversary year to qualify for the subsequent year's waiver.

Exclusions: Rental, wallet, Priority Pass, EMI, government, utility, telecom, insurance and gold/jewellery transactions are excluded from the waiver calculation.

Magnus provides unlimited complimentary international lounge visits through the Priority Pass membership, together with four additional guest visits per year. The Priority Pass membership card is provided with the credit-card welcome kit.

The primary cardholder must travel with a guest to use guest visits. Priority Pass access is linked to the credit-card status and can also be blocked when the credit card is blocked.

Exclusions: Guest visits are limited to four annually under the current stated benefit. Priority Pass eligibility is subject to the card remaining in the applicable status.

Cardholders receive unlimited visits to select airport lounges in India by using the Axis Bank Magnus Credit Card. Axis Bank requires a ₹50,000 minimum spend in the previous three months for the unlimited domestic lounge benefit.

₹50,000 spending in the previous three months is required. For a newly issued card, the spending requirement is waived for the issuance month and following three months.

Exclusions: The benefit applies only at participating/select lounges, and a ₹25 authentication transaction is temporarily charged and reversed within 24 working hours.

Magnus cardholders receive exclusive discounts at more than 4,000 restaurants across India. Axis Bank directs cardholders to its dining platform to view participating restaurants and requires payment using the eligible Magnus card to receive the applicable discount.

The restaurant staff should be informed about the offer before the bill is generated, and the bill must be paid using the Axis Bank Magnus or Magnus for Burgundy Credit Card.

Exclusions: Discount availability depends on participating restaurants and the applicable offer terms.

Purchase protection of ₹2 lakh, loss/delay in baggage and personal documents cover of $500, and credit shield cover of ₹5 lakh. Claims require informing the Bank and submitting the required documents.

The cardholder must inform Axis Bank about the required cover and submit the relevant documents to avail the insurance. Detailed terms govern the applicable claims.

Exclusions: Price Protection insurance is specifically not applicable to Magnus cardholders.