Axis Bank Magnus Burgundy Credit Card
The Axis Bank Magnus Burgundy Credit Card (or Magnus for Burgundy) was launched following a significant devaluation of the regular Magnus Credit Card. The Magnus Burgundy Credit Card is exclusively issued to the bank’s true Burgundy customers and is ideally suited for those with high spending pattern.
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Axis Bank
Axis Bank Magnus Burgundy Credit Card
Top source-backed claims
The earn rate of Edge Rewards on regular Magnus & Magnus for Burgundy are same, however, because of the difference in points transfer ratio (5:2 for M...
Rent (Capped at 50K INR a month)
Wallet, Utilities & Gov. Spends
Fees and waiver
1% fuel surcharge waiver (400 INR to 4000 INR)
Verify before applying
Check issuer terms for exclusions, caps, and updated eligibility before using any benefit claim.
Trust Snapshot
Source count: 1 · Review status: Reviewed · Last dataset refresh: 2 Jul 2026
Quick Decision Summary
This summary is generated from the current website fields to help you interpret the card faster.
What stands out
• Includes lounge-related benefits in the current card record.
• Has richer rewards and benefits detail than sparse card records.
Good fit if you want
• Travelers who value lounge access as part of card selection.
• Users comparing cashback or rewards-heavy cards.
Tradeoffs to verify
• This card has limited source coverage in the current dataset.
• Fee details are incomplete or not clearly stated in the current dataset.
• missing_eligibility
Application links do not guarantee approval. Affiliate links are labeled, and issuer terms should be verified before applying.
Fees & Key Facts
Joining fee: Not specified
Annual fee: Not specified
Quality score: 70 (Medium)
Sources used: 1
Foreign Currency Markup Fee: 2%+GST = 2.4%; Net Return: Rewards – Markup Fee = 4.8% – 2.4% = ~2.4%; 2.4% gain on forex spends is a very good return on spend in the industry. On top of it, if your monthly spends are higher, then it’s undoubtedly the best credit card for forex spends.
Eligibility & Documentation
Not specified
Documents required
Not available
Rewards
• The earn rate of Edge Rewards on regular Magnus & Magnus for Burgundy are same, however, because of the difference in points transfer ratio (5:2 for Magnus / 5:4 for Magnus Burgundy), it makes a world of difference, like...
• Rent (Capped at 50K INR a month)
• Wallet, Utilities & Gov. Spends
• Insurance, Gold/Jewellery
• On Spends of >1.5L a month: Get 35 points / 200 INR (~14%)
• Magnus Burgundy is an amazing credit card for high spenders as its reward rate beats any card in any bank in the “world”, especially when “monthly” spends go up.
• You get 14% return for spends over 1.5L INR in a month. But realistically, here’s how the numbers look like on average, as first 1.5L spend gives only 4.8% return.
• As you can see, ~3L monthly spend on an average is the sweet spot to get close to 10% reward rate.
Benefits
Not available
Features
• No Cash Withdrawal fee (but finance charges applies)
• 1% fuel surcharge waiver (400 INR to 4000 INR)
• Buy 1 Get 1 Bookmyshow offer has been discontinued from April 2024
Lounge Access
• Guest access is a good one to have and it is limited to 4 per “calendar year” which is decent but 8 as before would have been lot better.
• Note: With effect from 1st May 2024, the airport lounge benefits (domestic only) are available after spending 50K INR in the past 3 calendar months.
• Complimentary Access: 4 / Calendar year
• The domestic airport meet & greet service – which Axis Bank calls as “airport concierge” service is the USP of this product.
Insurance
Not available
Pros
Not available
Cons
Not available
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Axis Bank Burgundy Private Credit Card
Best for: Travelers who value lounge access as part of card selection.
Check source
Check source
To be eligible for this card, savings account holders need to maintain a total relationship value of Rs.5 Crore within 12 months of account initiation...
Suitable for: High-net-worth individuals who want travel, entertainment, lifestyle, and dining benefits.
High quality score (80) based on current website signals.
Fee details are incomplete or not clearly stated in the current dataset.
Fuel surcharge waiver of 1% for transactions up to Rs.400 per month between Rs.400 to Rs.4,000
The Burgundy Private Credit card is also known as The One Card. It brings credit, debit, and forex into one card making it one of the super premium credit cards in India.