Axis Bank Magnus Super premium card Launched

Axis Bank Magnus Super premium card Launched

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Hey guys Axis bank is about to launch another
lifestyle premium card called as the Axis Bank Magnus Credit card.
Some of the features of this card is:

12 EDGE Reward Points on every 200 INR spent

2X EDGE Reward points on OTAs such as MakeMyTrip, Yatra and Goibibo One Complimentary Domestic Flight Ticket Airport Concierge Service Priority Pass with 8 + 4 Lounge Access 15% across Oberoi Hotels Complimentary Dineout Plus Membership Buy-one-get-one free on Movies/Events via BookMyShow Markup fee of 2% on international transactions Interest rate of 2.5% Annual Fee Waiver on spending INR 15 Lakhs in the preceding year. card fees should be around 5k to 10k.

source: https://livefromalounge.boardingarea.com/2019/0...

19 Comments  |  
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Deal Subedar
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arunrush680 wrote:

Benefit- domestic air ticket Upto 10k

That’s only joining benefit I guess, for renewal, I don’t see anything as such

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dev007 wrote:

That’s only joining benefit I guess, for renewal, I don’t see anything as such

Waived on 15lacs spend, viable only for high spenders & frequent travellers (unlimited domestic lounge + accelerated prioritypass visits)

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Bookmyshow offer is good. Buy one and get the second ticket free upto Rs 500. Total 5 times in a month. That’s a total savings of Rs2500 per month if you watch movies a lot.

Ninja tune
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For such eligibility HDFC black is much better.

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nimod wrote:

For such eligibility HDFC black is much better.

Eligibility is higher for Diners black. 1.75L per month for Salaried and greater than 21L for Self employed. But it is easier to get it via upgrade if you are an existing HDFC credit card user with a decent limit and good repayment track record.

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Reward rate of 1.2% to 2.4% and 10k fees n such high eligibilty.

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jambui wrote:

Reward rate of 1.2% to 2.4% and 10k fees n such high eligibilty.

Was expecting 3.3% as the default reward rate like the other super premium cards.

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watever wrote:

Bookmyshow offer is good. Buy one and get the second ticket free upto Rs 500. Total 5 times in a month. That’s a total savings of Rs2500 per month if you watch movies a lot.

Can save a total of upto Rs30000 on movies in a year. Must have card for Movie buffs as it is much better than SBI Elite in this offer.

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jambui wrote:

Reward rate of 1.2% to 2.4% and 10k fees n such high eligibilty.

8 complimentary airport meet & greet service will compensate easily.

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arunrush680 wrote:

8 complimentary airport meet & greet service will compensate easily.

All domestic airports only. Not much use imo.

A2z1
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arunrush680 wrote:

8 complimentary airport meet & greet service will compensate easily.

If one is travelling alone then might not be in much hurry and would be fine with normal process
When travelling with family then each member will be counted, say a family of 4 then they can avail just twice

This card may give some better experience to travellers but on rewards front it’s low

Annual Fees of 10k is already compensated
Renewal Fee can be counted as covered with monthly benefit of Bookmyshow, perceived benefit of M&G at airports, priority pass for guest users

Not bad offering but acts as supplement to existing cards and may not act as primary card

Need to see terms attached to M&G as like SCB keep condition of minimum spends for availing priority pass, there shouldn’t be such conditions

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Will it be given life time free?

A2z1
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sb007 wrote:

Will it be given life time free?

NOT AT ALL

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sb007 wrote:

Will it be given life time free?

No way. Look at the offerings. 30K BMS offer is crazy maybe they will devalue this in future.

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dev007 wrote:

That’s only joining benefit I guess, for renewal, I don’t see anything as such

Its written on payment on joining/annual fees. Seems like every year to me.

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