Axis Bank Magnus
Annual fee ₹12,500 · Forex 2% · Unlimited lounge access
View card details →Learn
Annual fee ₹12,500 · Forex 2% · Unlimited lounge access
View card details →You’re looking at Axis Bank’s points currency — catalogue value is fixed; transfer value depends on the partner ratio.
Part of Reward points & programmes
Useful when comparing the same kind of card decision.
Shortlists people usually open next to this topic.
EDGE Reward Points are Axis Bank's reward currency across its credit card range. They earn at different rates by card tier: Magnus earns 12 pts/₹200 (up to ₹1.5L/month), Reserve earns 15 pts/₹200. Points can be redeemed for vouchers at ₹0.20/pt or transferred to 20 airline and hotel partner programmes.
April 2024 devaluation: standard Magnus transfer ratio was cut from 5:4 to 5:2. Magnus for Burgundy customers retain the 5:4 ratio. Travel EDGE portal bookings earn up to 60 pts/₹200 on Magnus (capped at ₹2L/month).
Catalogue and gift vouchers: ₹0.20 per point (fixed). Example: 10,000 EDGE = ₹2,000 Myntra voucher. Pay with Points at partner POS: ₹0.20 per point (min 300 pts). Partner transfer — standard Magnus: 5 EDGE = 2 miles/points (5:2). Partner transfer — Magnus for Burgundy: 5 EDGE = 4 miles/points (5:4). Transferred miles then follow the airline/hotel programme's own redemption rates. Transfers are instant for most of the 20 partners and cannot be reversed.