Axis Bank · Premium
Axis Magnus
Earns Axis EDGE (Reserve & Magnus: 5:2)
Where it ranks across all 187 cards
#20 Gaming
1.8%
direct
#26 Train tickets
1.8%
direct
#27 Other
1.8%
direct
#30 Health & pharmacy
1.8%
direct
#32 Cabs & transit
1.8%
direct
#36 Electronics
1.8%
direct
#37 Flights
1.8%
direct
portal reaches 9.0%
#40 Dining out
1.8%
direct
#40 Hotels
1.8%
direct
portal reaches 9.0%
#44 Movies & events
1.8%
direct
#45 Fashion
1.8%
direct
#46 Online shopping
1.8%
direct
#46 Groceries
1.8%
direct
#47 Food delivery
1.8%
direct
#55 Education
0.6%
direct
23 Sep 2026 - Axis EDGE dropped Club ITC (Sep 2026)
Axis points can no longer be moved to Club ITC. If you were saving points for an ITC transfer, that route is closed. The same change brought back Accor and added Cathay, Hilton and Miles & More.
Source: Axis Travel Edge Miles Transfer T&C · read 23 Sep 2026
28 Aug 2026
From 28 Aug 2026: the markup when you pay abroad in rupees rises from 1.5% to 3.5%, late fees rise, tolls and gift cards no longer earn, and Priority Pass no longer works in Indian lounges. Since 1 Jul 2026 a lifetime-free version exists for Burgundy salary accounts (₹2 lakh+ monthly salary).
2 Apr 2026 - Axis EDGE still cannot reach Marriott (dropped Apr 2, 2026)
Axis points still cannot be moved to Marriott (removed 2 Apr 2026). Use Amex or HSBC points for Marriott instead. Accor, removed at the same time, is back; Qatar Avios still transfers, at a lower rate.
Source: Axis Travel Edge Miles Transfer T&C · read 23 Sep 2026
1 Apr 2026
Marriott removed as a transfer partner. Accor was removed too but is back since Sep 2026. Qatar Avios still transfers, at a lower rate. Each transfer costs ₹199 + GST.
1 Sep 2024
Fee raised from ₹10,000 to ₹12,500, fee-waiver spend raised from ₹15 lakh to ₹25 lakh, monthly milestone removed, and transfers now 5 points to 2 miles (was 5 to 4).
Get an email if this card changes - sign in.
EDGE catalogue ~₹0.20/pt
Points valued at ₹0.3/pt - conservative, what rankings use · transfers reach up to ₹0.46/pt via Accor ALL (Live Limitless) at 5:1
Reward rules2 direct
Base rate - everything not covered below
1.80%base rate
12 pts / ₹200
source
Source: Axis Magnus MITC - axisbank.com - read 20 Aug 2026
Spend-tiered: 12 ERP/₹200 up to ₹1.5L/month, then 35 ERP/₹200 above
1.80%this rule
35 pts / ₹200 · tiered: up to ₹1,50,000: 1.8% · above: 5.25%
how it works & source
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 (not zero). EDGE transfer at 5:2 is capped 5,00,000 ERP/calendar year.
Source: Magnus T&C revision 20 Jun 2025 (axis.bank.in PDF) - axis.bank.in - read 22 Aug 2026
Base rate, but capped1
Rent EARNS base rate up to ₹50,000 spend/month
base rate
source
Source: Magnus T&C revision 20 Jun 2025 (axis.bank.in PDF) - axis.bank.in - read 22 Aug 2026
Via portals & vouchersdisplay, never ranks
Travel Edge portal 5X
via traveledge · 5X on Travel Edge spends up to ₹2,00,000/month (60,000 ERP total incl base; was wrongly 8,000 bonus pts)
source & note
5X on portal spends up to ₹2L/month.
Source: Axis Magnus T&C - axisbank.com - read 20 Aug 2026
9.0%
Percentages here are each rule's own rate.
The card's single headline is the best of the direct rules only - selectable packs, capped-base rows and
portal/voucher routes above are shown for completeness but never set it.
What 10,000 points become. The low end of each range ranks; the high end is display only.
Accor ALL (Live Limitless)
5:1 ratio · Back as a partner in the Sep 2026 revision, Group A, reduced ratio tier.
2,000 ptsworth ₹4,200-₹4,600
Singapore Airlines KrisFlyer
5:2 ratio
4,000 ptsworth ₹3,200-₹10,000
Air Canada Aeroplan
5:2 ratio
4,000 ptsworth ₹3,200-₹8,800
Postcard Hotels Sunshine Club
5:2 ratio
4,000 ptsworth ₹3,200-₹4,400
Japan Airlines Mileage Bank
5:2 ratio
4,000 ptsworth ₹2,800-₹8,000
Turkish Airlines Miles&Smiles
5:2 ratio
4,000 ptsworth ₹2,800-₹8,800
Air France-KLM Flying Blue
5:2 ratio · Moved to Group A in the Sep 2026 revision.
4,000 ptsworth ₹2,800-₹8,000
United MileagePlus
5:2 ratio
4,000 ptsworth ₹2,400-₹7,200
Yearly limits: 1 lakh points to Group A and 4 lakh to Group B (5 lakh in all).
Earns nothing on11 exclusions
Tolls and bridge fees
earns nothing
Bridge fees, road fees and tolls: no rewards (from 28 Aug 2026).
→ use FIRST Private here (6.6%)
detail & source
MCCs: 4784
Source: Axis credit card T&C revision effective 28-08-2026 (campaign.axis.bank.in PDF) - campaign.axis.bank.in - read 27 Aug 2026
Gift, card, novelty and souvenir shops
earns nothing
Gift-card purchases reclassified to an excluded Gift Card category (from 28 Aug 2026).
→ use FIRST Private here (6.6%)
detail & source
Axis excludes by spend category; 5947 is the closest MCC mapping.
MCCs: 5947
Source: Axis credit card T&C revision effective 28-08-2026 (campaign.axis.bank.in PDF) - campaign.axis.bank.in - read 27 Aug 2026
Insurance
earns nothing
Insurance excluded from EDGE earn and fee waiver.
→ use Axis Burgundy Private here (6.4%)
detail & source
Since 20 Jun 2025 Axis identifies exclusions by spend category, not MCC; codes here are from the last bank-published MCC tables.
categories: Insurance · MCCs: 6300, 6381, 5960, 6051, 6012
Source: Magnus revision 20 Apr 2024 (axis.bank.in PDF) - axis.bank.in - read 22 Aug 2026
Fuel
earns nothing
Fuel excluded.
→ use Kotak Cashback+ Credit Card here (3.0%)
detail & source
categories: Fuel · MCCs: 5541, 5542, 5983
Source: Magnus revision 20 Apr 2024 (axis.bank.in PDF) - axis.bank.in - read 22 Aug 2026
Jewellery & watches
earns nothing
Gold and jewellery excluded.
→ use HDFC Infinia Metal here (3.3%)
detail & source
categories: Jewellery & watches · MCCs: 5094, 5944
Source: Magnus revision 20 Apr 2024 (axis.bank.in PDF) - axis.bank.in - read 22 Aug 2026
Utility bills
earns nothing
Utility & telecom excluded (current category list, no codes published).
→ use HSBC Live+ here (10.0%)
detail & source
categories: Utility bills
Source: Magnus T&C revision 20 Jun 2025 (axis.bank.in PDF) - axis.bank.in - read 22 Aug 2026
Mobile / broadband
earns nothing
Utility & telecom excluded (current category list).
→ use FIRST Private here (6.6%)
detail & source
categories: Mobile / broadband
Source: Magnus T&C revision 20 Jun 2025 (axis.bank.in PDF) - axis.bank.in - read 22 Aug 2026
Wallet load
earns nothing
Wallet loads excluded.
→ use SC Ultimate here (3.3%)
detail & source
categories: Wallet load · MCCs: 6540
Source: Magnus T&C revision 20 Jun 2025 (axis.bank.in PDF) - axis.bank.in - read 22 Aug 2026
Government / tax
earns nothing
Government spends excluded (current category list).
→ use Biz Black Metal Edition Credit Card here (2.5%)
detail & source
categories: Government / tax
Source: Magnus T&C revision 20 Jun 2025 (axis.bank.in PDF) - axis.bank.in - read 22 Aug 2026
EMI
earns nothing
EMI conversions: earned points are debited (EDGE master T&C).
→ use Kotak Solitaire Credit Card here (3.0%)
detail & source
categories: EMI
Source: Axis credit cards MITC (axis.bank.in PDF) - axis.bank.in - read 22 Aug 2026
FASTag recharge
earns nothing
W.e.f. 28 Aug 2026: no rewards on bridge fees, road fees and tolls (portfolio-wide revision).
detail & source
Gift-card purchases also reclassified to an excluded Gift Card category.
merchants: FASTag recharge
Source: Axis 28-Aug-2026 generic revision (campaign PDF) - campaign.axis.bank.in - read 22 Aug 2026