Axis Magnus for Burgundy
KeepThe one Magnus that survived — 5:4 transfers, if you can get past the velvet rope.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Welcome: ₹5,000 voucher — Luxe gift card, The Postcard Hotels or Yatra (new cards only; customers upgraded from plain Magnus get nothing)
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied: it earns nothing on utilities and fuel here, so that spend is dropped, not paid at the headline, and stops pacing milestones and the waiver. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Pays for itself at ₹63,000 a month
At ₹63,000 a month — ₹7,56,000 a year — on the everyday mix this card returns ₹30,500 gross (earn ₹30,500) against its ₹30,000 fee = ₹500 net — the first rung at or above ₹0. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
2 notes on the card itself: how it is issued · the network variants
Our #1 for High spenders, Air India miles, KrisFlyer miles, Rent and School & college fees; #2 for Hotel points — 6 of the 23 questions this desk ranks.
Best real exit: Singapore Airlines KrisFlyer at ₹0.88/pt (5:4 transfer, above house value).
The take
When Axis gutted the regular Magnus in September 2023, the Burgundy variant kept the crown. It held the coveted 5:4 transfer ratio — double the legacy Magnus's 5:2, so the same 12 EDGE points per ₹200 lands a 4.8% travel return, and the 35-per-₹200 tier above ₹1.5 lakh a month is a 14% general-spend rate. Travel Edge is still on the card: 60 EDGE points per ₹200 on the portal, 24% via 5:4, capped at ₹2 lakh of portal spend a month. Unlimited lounge access, a 2% forex markup and no cash-withdrawal fee round it out. The catch is the gate: you need a qualifying Axis Burgundy relationship, the ₹30,000 fee only pencils out at serious spend, and annual transfer caps (10 lakh points, split 2L/8L across Groups A/B) rein in the very biggest players. For HNW miles chasers who clear the bar, it's still the best domestic-earned mileage engine in the country — the last card standing from the golden age.
Your renewal — keep, downgrade or cancel
Here is the fee, the spend that clears it, and everything that has moved under this card since you last decided.
Keep, downgrade or cancel
₹30,000/yr at stake · 5 spend bands
The charge ₹30,000/yr
The waiver ₹30,00,000 of spend in the year before renewal — about ₹2,50,000 a month — and the renewal fee is not charged.
Break-even ₹63,000 a month — ₹7,56,000 a year — is where this card's value crosses its fee.
At your spend
−₹17,900 a year, net of the fee, at ₹3,00,000 of annual spend
−₹5,800 a year, net of the fee, at ₹6,00,000 of annual spend
₹18,400 a year, net of the fee, at ₹12,00,000 of annual spend
₹2,57,800 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹5,40,000 a year, net of the fee, at ₹60,00,000 of annual spend — this clears the waiver, so no fee is charged
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Axis Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
What has changed under this card
- 23 Sep 2026 Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and Hilton issuer-wide
- 15 Sep 2026 Wyndham splits its three flat free-night tiers into four a program these points reach
- 8 Sep 2026 Flying Blue splits award tickets into Light / Standard / Flex — a 25% rise for the same product a program these points reach
We price what is in force today — a change that has not happened yet is not in these numbers. the full archive for this card →
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- 5:4 on the standard partners — 2× legacy Magnus — and 5:2 on the punished set
- 35 EDGE RP per ₹200 above ₹1.5L/month — a 14% effective rate
- 60 EDGE RP per ₹200 on the Travel Edge portal (₹2L/month cap) — 24% via 5:4 transfers
- Unlimited domestic lounge visits + unlimited international Priority Pass visits (guest visits capped at 4/yr since Apr-2024)
- 2% forex markup — a third of Axis's standard 3.5% — and no cash-withdrawal fee at all
Watch out
- The famous up-to-25,000 EDGE Miles monthly milestone is gone — the 35/₹200 ladder is the accelerated general-spend rate; Travel Edge 5X is a separate portal overlay
- Grab Deals and GyFTR are Axis-wide 'up to 5X' overlays on the 12-point base — not a 10X SmartBuy analogue, and Axis publishes no firm GyFTR rate for this card
- The 35/₹200 tier caps at (credit limit + ₹1.5L)/month since Jun-2025
- The punished set converts at 5:2, not 5:4: BA, Finnair, Vietnam, IndiGo, Qatar, Cathay, and the returned Accor. Hilton and Miles & More stay at 5:4
- Requires a qualifying Axis Burgundy relationship — ₹10L savings AMB, ₹30L TRV (₹1Cr incl. demat) or ₹3L+/month salary credit
- ₹30,000 fee needs heavy spend (₹30L waiver) to justify
- Annual transfer caps (10L points: 2L Group A / 8L Group B) limit the biggest spenders
- Axis's track record means the 5:4 ratio can't be assumed permanent
- Airport meet-and-greet no longer appears anywhere on Axis's own Magnus page — we dropped the claim rather than carry a perk the issuer stopped publishing (re-checked 2026-07-26)
- Since 28 Aug 2026, per Axis's own Magnus-for-Burgundy notice, the dynamic-currency-conversion markup is 2% rather than 1.5%, Priority Pass no longer works at Indian DOMESTIC lounges (present the card itself instead) and bridge fees, road fees and tolls earn nothing; from 15 Nov 2026 linked memberships renew only with your explicit consent
What these points actually fly
You hold this — the numbers below are your own points.
These points feed 25 programmes that publish an award chart. Cheapest verified seat per cabin, priced in YOUR points with this card's own ratio already applied:
- Delhi → Mumbai Economy 9,375 Axis EDGE Reward Points via Air Canada Aeroplan at 5:4 the play
- Mumbai → Goa Business 15,625 Axis EDGE Reward Points via Air Canada Aeroplan at 5:4 the play
- Mumbai → Hyderabad First 31,250 Axis EDGE Reward Points via Air Canada Aeroplan at 5:4 the play
What earns, what doesn't
13 sourced rules · 8 pay zero
- Fuel · excluded Same as Magnus
- Wallet loads · excluded Same as Magnus
- Rent & property management · capped Earns up to ₹50,000 spend/month, zero beyond — same T&C as Magnus
- Utilities (electricity/water/gas) · excluded Same as Magnus
Does your spend count toward the fee waiver?
10 of 15 categories answered
₹30,00,000 a year is the bar that waives the ₹30,000 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Put your number in
₹80,000 a month of rent & property management is ₹9,60,000 a year that counts ₹0 toward the fee waiver.
The Burgundy variant runs on the same Magnus revision T&C, which names the excluded set for "reward earn / spend based fee waiver" verbatim: Utility & Telecom, Rent (capped at INR 50,000 per month), Wallet, Government spends, Insurance, Gold & Jewellery, Fuel, Cash advances and Repayments. Only the fee-waiver BAR differs from Magnus (₹30L vs ₹25L) — the exclusion list does not. Silent on EMI and on international spend.
10 of 15 categories answered · per Axis Bank's own document · in force since 2025-06-20
Where the miles go
29 programs · 27 live
Ratios read card points : partner miles — 2:1 means 2 points become 1 mile. Never the other way round.
every Axis Bank route, side by side → · the Axis EDGE Reward Points hub →
Lounge access
667 of 793 tracked doors
Opens 667 of 793 tracked lounge doors across 265 airports , via Priority Pass Global — see the full map →
Can you get it?
income, age and the route in
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Gated on an Axis Burgundy banking relationship — income alone won’t open this door.
No invite list — the gate is arithmetic. Clear any one official Burgundy criterion (₹10L average savings balance, ₹30L relationship value — ₹1Cr counting demat — or a ₹3L+/month salary credit) and the Burgundy RM takes your Magnus application like any other form. Community threads treat parking the ₹10L AMB and applying through the RM as the cleanest route in; the relationship is the underwriting.
per the official Axis Bank MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
7 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
Fee ₹30,000, waived at ₹30L eligible spends in preceding card-anniversary year. Gated by Burgundy banking relationship, not a plain income cutoff — criteria verified against the official Burgundy eligibility PDF (axis.bank.in, Jul-2026); lapse converts the account to a lower-category savings tier.
per the official Axis Bank MITC · reviewed 10 Jul 2026
What's changed for this card
8 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 15 Nov 2026The Reserve's memberships stop renewing unless you say yesClub ITC Culinaire, Accorplus, handcrafted Club Marriott Asia Pacific, EazyDiner Prime and Priority Pass renewed automatically each year for as long as the card was open → From 15 Nov 2026 complimentary memberships linked to the card renew only with the cardholder's explicit consent — Axis says renewal and consent details will be shared closer to each renewal date. The same notice flips Priority Pass off at Indian domestic lounges from 28 Aug 2026 (present the Reserve card itself) and adds a ₹1,300 late-payment slab above ₹50,000 outstanding
The Reserve's whole defence of a ₹50,000 fee is the membership stack — Club ITC Culinaire with its free third night, Accorplus, handcrafted Club Marriott Asia Pacific, EazyDiner Prime, and the unlimited Priority Pass. Axis's own Reserve revision notice says that from 15 November none of them renew unless you actively consent. Framed as a choice, it works as breakage: the failure mode of an opt-in is silence, and a cardholder who misses the renewal email keeps paying ₹50,000 for a card whose benefits have quietly lapsed. Reserve is on the same list as Select, Magnus, Magnus for Burgundy, Burgundy Private, Olympus and both Miles & More cards, so this is the whole Axis premium book learning the same trick. Two other things ride the notice: from 28 August the Priority Pass card stops opening Indian domestic lounges — you present the Reserve itself against Axis's own eligible-lounge list, and post-immigration lounges at Indian international terminals still count as international — and a fifth late-payment slab of ₹1,300 appears above ₹50,000 outstanding. Notably, the Reserve notice carries no dynamic-currency-conversion line at all while the bank-wide grid goes 1.5% → 3.5%, and the card's 1.5% foreign transaction fee is untouched.
- 1 Nov 2026Privilege's movie buy-one-get-one becomes a spend gate
- 1 Nov 2026IndiGo Axis Premium's movie BOGO grows a ₹25,000 spend gate
- 1 Nov 2026The movie-BOGO spend gate reaches My Zone too — ₹25,000 in the previous 3 months
- 1 Nov 2026NEO's BookMyShow discount grows a ₹25,000 spend gate
- 1 Oct 2026SELECT's ₹3L milestone stops counting the spends it never rewarded
- 23 Sept 2026Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and HiltonAccor and Marriott off the grid since 2 April 2026; Club ITC live; no Cathay, Miles & More or Hilton → Accor live at the punished rates; ITC removed; Cathay, Hilton and Miles & More live; Marriott still gone
Axis's own Travel EDGE terms, re-read 25 September 2026, already show the grid that went live on 23 September. Accor ALL is back, and not at the old Atlas 1:2: EDGE Miles convert at 2:1 (Olympus 1:2) and EDGE Rewards at 5:1, with Magnus for Burgundy at 5:2 and only Burgundy Private still at 5:4. Club ITC is off the table. Three partners are new. Cathay Asia Miles sits on that same punished grid. Hilton Honors is the ordinary one: EDGE Miles 1:2, EDGE Rewards 5:2, Burgundy 5:4. Lufthansa Miles & More is the exception on Atlas, which converts 1:1 there while every other standard airline on that card is 1:2; the EDGE Rewards side of Miles & More is the ordinary 5:2. Marriott stays removed. Qatar Privilege Club was already back. Flying Blue, Air India and Qantas moved into Group A, which is the capped group. The Axis Rewards credit card's Amex network is advertised as joining-fee and annual-fee nil for a limited period; there is no separate Amex variant on this board, so that offer is not modelled as a fee change.
- 15 Sept 2026Wyndham splits its three flat free-night tiers into four
Every Axis Bank change we've dated → 38 events since 2019, 25 of them nerfs — worst year 2026.
Verified against Axis Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 9 of them, each with the day we read it
- official Magnus for Burgundy FAQ PDF (21 pp) — 60 EDGE RP per ₹200 on Travel Edge up to ₹2L/month; 5 EDGE RP = 4 partner miles
- official Magnus revision T&C PDF (eff. 20-Jun-2025) — the 35 EDGE RP per ₹200 tier runs only to (credit limit + ₹1.5L) a calendar month and reverts to 12 per ₹200 above
- official Axis Bank Magnus product page — the Burgundy variant's welcome is any one ₹5,000 voucher (Luxe, The Postcard Hotels or Yatra) and is expressly NOT applicable to customers
- official Axis Bank Key Fact Sheet, updated 12-Aug-2026 — Magnus for Burgundy joining ₹30,000 / annual ₹30,000, waived on ₹30,00,000 of preceding-year spend, 42.58% p.a.
- official Axis's Magnus-for-Burgundy revision notice — effective 28 Aug 2026: "Dynamic Currency Conversion markup will be revised to 2% from 1.5%"
- official Axis Bank Points/Miles Transfer ratio table — "Burgundy Private credit card & Magnus credit card for Burgundy: 5 EDGE REWARD Points = 4 Partner Points"
- community SaveSage (Apr-2026 — legacy 5:4 retained, new partners 5:2)
- community CardExpert — Burgundy variant ships on Mastercard
- community TechnoFino — opening Burgundy (₹10L AMB) for the card, RM-routed application