Everything About the NEW Axis Bank Magnus Credit Card for Burgundy

benefits and features:-

Axis Bank has initiated the application process for its latest Magnus Credit Card tailored for Burgundy clients. Eligible customers have been notified via email about this exciting prospect. Should you meet the criteria, you have the chance to apply for this credit card, replete with an array of advantageous features. Notably, the New Axis Bank Magnus Credit Card permits you to accumulate 4 partner miles or points for every 5 EDGE Reward Points, marking a significant enhancement compared to the previous card.

Designed for individuals of elevated means who appreciate luxury and extravagance, this exclusive and premium card caters to discerning tastes. It grants access to a 24/7 concierge service and presents enticing discounts on dining, healthcare, and wellness, ideal for those in pursuit of nothing but the finest. For a comprehensive understanding of the New Axis Bank Magnus Credit Card for Burgundy, delve deeper into its extensive features, advantages, and eligibility criteria.

Difference Between the New Magnus Credit Card for Burgundy and the Magnus Credit Card?

Let us begin with examining the variances between the fresh and previous Magnus Credit Cards.

	New Magnus for Burgundy Credit Card	Magnus Credit Card
Miles Conversion Ratio	4 Partner Miles Against 5 EDGE Reward Points	2 Partner Miles Against 5 EDGE Reward Points
Capping	Up to 10 Lakh EDGE Reward Points	Up to 5 Lakh EDGE Reward Points

NEW Axis Bank Magnus Credit Card for Burgundy Features

Here are the features of the New Magnus Credit Card:-

Joining Fees

Applying for or upgrading to the New Axis Bank Magnus Credit Card for Burgundy incurs no joining fees, but it’s crucial to note that this offer is available for a limited time only.

This special offer will conclude on November 30, 2023.

Welcome Benefit for the New Axis Bank Magnus Credit Card

Fresh Magnus Credit Cardholders will enjoy welcome perks valued at Rs. 5000. They have a selection of the following options:

Luxe Gift Card
One-way domestic flight ticket
PostCard hotels gift voucher

To access the welcome benefit offer, new cardholders must complete a successful transaction within the initial 30 days of receiving their card. Existing Magnus Credit Cardholders who upgrade their card will not qualify for the aforementioned welcome benefits.

EDGE Reward Structure for the New Magnus Credit Card for Burgundy

The reward arrangement for the new card will mirror that of the previous Magnus Credit Card, maintaining consistency:

12 EDGE Reward points granted for every Rs. 200 spent, up to Rs. 1.5 lakh.
For additional expenditures exceeding Rs. 1.5 lakh, an elevated rate of 35 EDGE Reward points applies.
Transactions such as wallet loads, cash withdrawals, rental payments exceeding Rs. 50,000, and EMI transactions fall outside the Rs. 1.5 lakh spending threshold.
Exceptional 5X EDGE Reward points are offered for transactions made through the Travel EDGE portal.

Quick Glance at Other Benefits-

Enjoy boundless access to lounges, both domestic and international.
Benefit from a Buy One Get One (BOGO) offer for movies and non-movie events via BookMyShow, with savings of up to Rs. 500.
The Magnus Credit Card ensures round-the-clock Concierge Service, catering to your needs.
Revel in the perks of a complimentary Priority Pass membership.

Eligibility for the New Axis Bank Magnus Credit Card for Burgundy

To qualify for the New Axis Bank Magnus Credit Card for Burgundy, specific prerequisites must be met. Here are the eligibility criteria:

Hold a Burgundy account.
Maintain an average quarterly balance of Rs. 10 lakh across savings and current accounts. Alternatively,
Fulfill the ‘Total Relationship Value’ benchmark, which entails maintaining a balance of Rs. 30 lakh across savings and current accounts. Or,
Attain ‘Total Relationship Value’ by maintaining Rs. 1 crore across savings, current accounts, and demat holdings. Or,
If you are a salaried employee, ensure you receive a minimum monthly deposit of Rs. 3 lakh in your Axis Bank Salary Account.
For NRIs, a foreign inward remittance of Rs. 40 lakh through wire transfer is required to be eligible for this card.
Please take note that to be eligible for the New Magnus Credit Card, you must satisfy the Total Relationship Value (TRV) criteria specifically at your individual customer ID level. The evaluation solely considers your individual customer ID and does not factor in your family ID.

For ‘Total Relationship Value’ (TRV) at the individual Customer ID level:

Savings Accounts and Current Accounts encompass Term Deposits, Recurring Deposits, and/or Investment Relationships.
Investment Relationships encompass a wide spectrum, including Mutual Funds, Life Insurance, Private Equity Funds, Structured Products, Discretionary Portfolio Management Service, Non-Discretionary Portfolio Management Service, RBI Bonds, PPF, NPS, and various other Alternate Assets.

The New Axis Bank Magnus Credit Card for Burgundy offers a multitude of advantages, making it an excellent choice for Burgundy customers. From enhanced reward points to unrestricted access to domestic and international lounges, along with BOGO movie offers, this card encompasses a wide array of benefits.

Seize this fresh opportunity and submit your application for the Magnus Credit Card for Burgundy today, all without any joining fees during this limited-time promotion.