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Axis Magnus for Burgundy

Premium

Axis Bank

Where it ranks · across all 71 cards

🥈 Education3.6%direct🥈 Rent2.6%direct#12 Online shopping3.6%direct#7 Groceries3.6%direct#5 Dining out3.6%direct

Devaluation history

  • 2026-08-28 - Axis has announced a further T&C update effective 28 Aug 2026 for Magnus, Magnus for Burgundy and Burgundy Private - re-verify after that date.
  • 2026-08-28 - 28 Aug 2026: DCC 1.5%→2%, late-fee slab, tolls + gift-card exclusions, PP invalid for domestic lounges; 15 Nov 2026 memberships renew only with explicit consent.

What a point is worth

Earning 12 pts / ₹200, the same point pays very differently by redemption path:

Redemption pathPer pointEffective on spends
Partner transfersbest: Club ITC at 5:4 (ceiling 5.3%)₹0.72-₹0.884.32%
Bank travel portal₹0.21.20%
Vouchers / catalogue₹0.21.20%

EDGE catalogue/Travel Edge ~₹0.20/pt (bank rewards site). Rankings across KaunsaCard use a single conservative value (₹0.6/pt = 3.60%); transfer ceilings assume premium-cabin awards and are never used to rank.

Reward rules

Points valued at ₹0.6/pt - conservative, what rankings use · transfers reach up to ₹0.88/pt via Club ITC at 5:4

Base rate - everything not covered below

12 pts / ₹200= 6 pts per ₹100

3.6-5.3%

value range by redemption

Spend-tiered: 12 ERP/₹200 up to ₹1.5L/month, then 35 ERP/₹200 above

35 pts / ₹200= 17.5 pts per ₹100

3.6-15.4%

value range by redemption

The defining Magnus mechanic: cross ₹1.5L in a calendar month and marginal spend nearly triples its earn. Excluded categories (fuel, utilities, telecom, govt, insurance, gold, wallet) never count. Beyond credit limit + ₹1.5L/month the rate REVERTS to 12/200. Transfers at 5:4 capped 10,00,000 ERP/calendar year.

Source: Magnus for Burgundy T&C revision 20 Jun 2025 (axis.bank.in PDF) · 2026-08-22

Base rate, but capped - these categories earn normally up to a monthly ceiling

  • Rent EARNS base rate up to ₹50,000 spend/monthrent earns on up to ₹50,000 spend/month (3,000 ERP), nothing beyondsrc ↗

Via portals & vouchers - alternate methods (display, never rank)

  • ✈ Travel Edge portal 5X18.0%
    via traveledge5X on Travel Edge spends up to ₹2,00,000/month, then 35 ERP/₹200src ↗

    Bank caps by portal SPEND: 5X applies on cumulative Travel Edge spends up to ₹2,00,000/calendar month (60,000 ERP = ₹36,000 at ₹0.6/pt), then 35 ERP/₹200.

Transfer partners

Axis EDGE (Magnus for Burgundy: 5:4) - what 10,000 points become. Full matrix with live amounts on the Transfers page.

PartnerRatio10,000 pts →≈ value
Club ITC5:48,000₹7,200-₹8,800
Singapore Airlines KrisFlyer5:48,000₹6,400-₹20,000
Air Canada Aeroplan5:48,000₹6,400-₹17,600
Postcard Hotels Sunshine ClubAdded 2026; group unverified - assumed Group B cap.5:48,000₹6,400-₹8,800
Japan Airlines Mileage Bank5:48,000₹5,600-₹16,000
Turkish Airlines Miles&Smiles5:48,000₹5,600-₹17,600
Air France-KLM Flying Blue5:48,000₹5,600-₹16,000
United MileagePlus5:48,000₹4,800-₹14,400

Caps per customer/calendar year: 2L to Group A, 8L to Group B (10L total).

Earns nothing on

  • ⊘ Insurance excluded from EDGE earn and fee waiver. Since 20 Jun 2025 Axis identifies exclusions by spend category, not MCC; codes here are from the last bank-published MCC tables.63006381596060516012bank MCC list→ use Axis Burgundy Private here (4.5%)
  • ⊘ Fuel excluded.554155425983bank MCC list→ use MakeMyTrip ICICI here (1.0%)
  • ⊘ Gold and jewellery excluded.50945944bank MCC list→ use HDFC Infinia Metal here (3.3%)
  • ⊘ Utility & telecom excluded (current category list, no codes published).
  • ⊘ Utility & telecom excluded (current category list).
  • ⊘ Wallet loads excluded.6540bank MCC list→ use SC Ultimate here (3.3%)
  • ⊘ Government spends excluded (current category list).
  • ⊘ EMI conversions: earned points are debited (EDGE master T&C).
  • ⊘ W.e.f. 28 Aug 2026: no rewards on bridge fees, road fees and tolls (portfolio-wide revision). Gift-card purchases also reclassified to an excluded Gift Card category.

Plays with this card