CreditIQ Verdict
The Axis Magnus for Burgundy is a premium credit card from Axis with no annual fee, making it a strong choice for users who want rewards without ongoing costs. Best suited for users who spend regularly on premium categories and want to earn meaningful rewards.
Fees & Charges
Annual FeeNil (Lifetime Free)
Joining FeeNil
Interest Rate52.86% per annum (3.33% per month)
Forex Markup3.5% on international transactions
Cash Advance2.5% of amount (min Rs. 500)
Late PaymentRs. 0 - Rs. 1,300 (based on outstanding)
What the community says
LIVEstrategy@pointsdecodedINSTAGRAM
PointsCasa Transfer Calculator helps Indian credit card users maximize point value by visualizing all transfer paths, conversion ratios, and active bonuses in one free tool.
PointsCasa Transfer Calculator - a free tool that shows you where your credit card points can go.
What the tool shows you:
• All possible t...
strategy@creditcardtalksINSTAGRAM
Prioritize instant discounts and cashback over future rewards points when the immediate savings are mathematically superior.
Most people think credit cards are about free flights, hotel stays, and reward points.
That is only half the story.
The smartest credit ca...
strategy@thegreatindianmilesINSTAGRAM
Consolidating credit card points into a single loyalty program rather than spreading across multiple cards (HSBC, HDFC, Axis) improves redemption options for flight bookings.
If your points are spread across HSBC, HDFC and Axis, THIS is why you can never book a good flight — funnel them all into one program. Send ...
Frequently Asked Questions
What is the annual fee of Axis Magnus for Burgundy?
Axis Magnus for Burgundy is a lifetime free card with zero annual fee.
What is the reward rate on Axis Magnus for Burgundy?
Axis Magnus for Burgundy offers 4.8. Check the benefits section above for category-specific accelerators.
How to apply for Axis Magnus for Burgundy?
You can apply online through Axis's website. Eligibility requires a credit score of 750+ and income as per bank criteria. Click the Apply button on this page for a direct, unbiased apply link.