Axis Magnus for Burgundy vs Axis Olympus (2026)
Axis Olympus vs Axis Magnus for Burgundy: which wins?
₹1,65,600ranking value a year at ₹3L a month, to Axis Olympus
Skip the duel — the board, ranked → · nothing to sign up for
Axis Bank's own upgrade question: ₹20,000/yr against ₹30,000/yr for 0.8pp more headline earn.
Axis Olympus wins under ₹1.5L/month; Axis Magnus for Burgundy takes over above it.
Every metric, row by row — 12 compared
Head to head
| Axis Magnus for Burgundy | Metric | Axis Olympus |
|---|---|---|
| #1 | Our rank | invite-only |
| ₹30,000/yr | Fee — joining · annual (+ GST) | ₹20,000/yr — wins this row |
| ₹30,00,000 spend | Fee waiver | None |
| 2% + GST. Dynamic currency conversion markup 2% since 28 August 2026, up from 1.5% — NOT the bank-wide 3.5% — per Magnus's own revision notice | Forex markup | 1.8% + GST. Dynamic currency conversion markup 1.8% since 28 August 2026 — the 18-Aug-2026 Key Fact Sheet moved OLYMPUS out of the Nil DCC clause into the 1.8% one, matching its foreign-transaction fee. — wins this row |
| 3.0%/mo (42.58%/yr, compounded as quoted by Axis) | APR | 3.6%/mo (43.2%/yr) |
| 4.8% — wins this row | Headline earn rate | 4.0% |
| Axis EDGE Reward Points | Currency | Axis EDGE Miles |
| ₹0.40/pt | House value | ₹2.00/pt |
| ₹5,000 voucher — Luxe gift card, The Postcard Hotels or Yatra (new cards only; customers upgraded from plain Magnus get nothing) | Welcome benefit | 2,500 EDGE Miles + ₹10,000 Taj/ITC hotel voucher — credited on activation and on EVERY renewal |
| 667 of 793 | Lounge doors opened | 668 of 793 — wins this row |
| Burgundy relationship required — official criteria: net salary credit above ₹3L/month in an Axis Salary Account, or ₹10L AMB in savings, or ₹30L TRV (₹1Cr incl. demat) | Income — salaried | not published |
| Same Burgundy gates via balances: ₹10L AMB in savings or ₹30L TRV (₹1Cr incl. demat), consistently maintained through the month | Income — self-employed | not published |
Gold marks the better side of a row. House value is our ₹-per-point mark for each card's currency — the full valuation index →
The ₹ face-off at ₹1L/₹3L/₹5L a month
Ranking-value face-off
Everyday spend at each card's base rate plus a realistic ~20% at its best accelerator (less for narrow or capped boosters) — milestones, fee waivers and the redemption haircut all at our house ₹/point. That's why the biggest headline rate doesn't automatically win. This is the ranking model, the one that orders the board; each card page prints the earn-rate-only net annual value instead, which reads lower for any card with an accelerator (both models, side by side). Tune it to your own spend in the calculator.
Axis Olympus wins under ₹1.5L/month; Axis Magnus for Burgundy takes over above it.
Where the lead changes hands — a 20-step sweep from ₹0.25L to ₹5L/month
Where the lead changes hands
The lead changes hands at ₹1.5L a month: Axis Olympus is ahead by ₹24,792 at ₹0.25L, Axis Magnus for Burgundy by ₹4,90,560 at ₹5L.
Axis Olympus pays a renewal bonus whatever you spend, and Axis Magnus for Burgundy pays nothing to stay.
Axis Magnus for Burgundy draws above the line, Axis Olympus below · ₹0.25L to ₹5L a month, step by step
| Monthly spend | Axis Magnus for Burgundy | Axis Olympus | In front |
|---|---|---|---|
| ₹0.25L | −₹10,992 | ₹13,800 | Axis Olympus by ₹24,792 |
| ₹0.5L | ₹8,016 | ₹27,600 | Axis Olympus by ₹19,584 |
| ₹0.75L | ₹27,024 | ₹41,400 | Axis Olympus by ₹14,376 |
| ₹1L | ₹46,032 | ₹55,200 | Axis Olympus by ₹9,168 |
| ₹1.25L | ₹65,040 | ₹69,000 | Axis Olympus by ₹3,960 |
| ₹1.5L | ₹84,048 | ₹82,800 | Axis Magnus for Burgundy by ₹1,248 |
| ₹1.75L | ₹1,30,656 | ₹96,600 | Axis Magnus for Burgundy by ₹34,056 |
| ₹2L | ₹1,77,264 | ₹1,10,400 | Axis Magnus for Burgundy by ₹66,864 |
| ₹2.25L | ₹2,23,872 | ₹1,24,200 | Axis Magnus for Burgundy by ₹99,672 |
| ₹2.5L | ₹3,00,480 | ₹1,38,000 | Axis Magnus for Burgundy by ₹1,62,480 |
| ₹2.75L | ₹3,47,088 | ₹1,51,800 | Axis Magnus for Burgundy by ₹1,95,288 |
| ₹3L | ₹3,93,696 | ₹1,65,600 | Axis Magnus for Burgundy by ₹2,28,096 |
| ₹3.25L | ₹4,40,304 | ₹1,79,400 | Axis Magnus for Burgundy by ₹2,60,904 |
| ₹3.5L | ₹4,86,912 | ₹1,93,200 | Axis Magnus for Burgundy by ₹2,93,712 |
| ₹3.75L | ₹5,33,520 | ₹2,07,000 | Axis Magnus for Burgundy by ₹3,26,520 |
| ₹4L | ₹5,80,128 | ₹2,20,800 | Axis Magnus for Burgundy by ₹3,59,328 |
| ₹4.25L | ₹6,26,736 | ₹2,34,600 | Axis Magnus for Burgundy by ₹3,92,136 |
| ₹4.5L | ₹6,73,344 | ₹2,48,400 | Axis Magnus for Burgundy by ₹4,24,944 |
| ₹4.75L | ₹7,19,952 | ₹2,62,200 | Axis Magnus for Burgundy by ₹4,57,752 |
| ₹5L | ₹7,66,560 | ₹2,76,000 | Axis Magnus for Burgundy by ₹4,90,560 |
Transfer reach — 27 vs 27 live routes
Transfer reach
3 shared routes — the full partner lists
Both reach
- Singapore Airlines KrisFlyer 5:4 vs 1:4
- Finnair Plus (Avios) 5:2 vs 1:2
- Qatar Airways Privilege Club (Avios) 5:2 vs 1:2
Full route maps on each card page, best ₹/point routes on the optimizer →
What to watch out for — 6 points
What to watch out for
Axis Magnus for Burgundy · 7 more →
- 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
Axis Olympus · 7 more →
- Invite-only — built for Citi Prestige migrants and Axis clients spending ~₹30L/yr or earning ₹1.5Cr+
- Zero EDGE Miles on transport & tolls, utilities, insurance, education, government, wallet, gift cards, rent and fuel — gift cards were carved into their own zero-earn category in the 28-Aug-2026 revision
- The 1:4 ratio is the whole engine, and it does not cover the punished set: Qatar, Cathay, the returned Accor, BA, Finnair, Vietnam and IndiGo all price Olympus at 1:2. Marriott is still gone; ITC left the 25 Sep 2026 grid
The call
For the ₹1L/month spender, Axis Olympus nets ₹55,200 against ₹46,032 — a ₹9,168 gap. At ₹5L/month, Axis Magnus for Burgundy nets ₹7,66,560 against ₹2,76,000 — a ₹4,90,560 gap. Lounge chasers: Axis Olympus opens 668 of 793 tracked doors to Axis Magnus for Burgundy's 667.
Our standing verdicts: Axis Magnus for Burgundy — Keep; Axis Olympus — Keep. Axis Olympus takes 4 of the 7 rounds we can score — that's the overall call. Your spend pattern can overrule us: run your exact numbers →
Common questions — 5 answered
Straight answers
Which is better, Axis Magnus for Burgundy or Axis Olympus?
Axis Olympus. Axis Olympus takes 4 of the 7 rounds we can score. Axis Olympus wins under ₹1.5L/month; Axis Magnus for Burgundy takes over above it.
Axis Magnus for Burgundy or Axis Olympus — which earns more at ₹3L a month?
At ₹3L a month, Axis Magnus for Burgundy nets ₹3,93,696 against ₹1,65,600 — a ₹2,28,096 gap. Those are ranking-value figures: everyday spend at the card's base rate plus a realistic slice at its best accelerator, net of the fee.
Which costs less to hold, Axis Magnus for Burgundy or Axis Olympus?
Axis Olympus — ₹20,000/yr against ₹30,000/yr. Axis Magnus for Burgundy waives its fee at ₹30,00,000 of spend; Axis Olympus at no spend level — there is no waiver.
Which gets you into more airport lounges, Axis Magnus for Burgundy or Axis Olympus?
Lounge chasers: Axis Olympus opens 668 of 793 tracked doors to Axis Magnus for Burgundy's 667. Visit quotas, guest charges and spend gates are per card — the lounge map carries each one.
How current is this comparison?
Both card records were last re-verified against their issuers' own documents on 2026-09-25. Every figure on this page — the ranking values, the fee rows, the lounge counts, the transfer ratios — is recomputed from those records each time the site builds, so a devaluation changes the call the day we log it.
Verified against Axis Bank and Axis Bank's own documents on · the ranking model, at our house ₹/point
Every document behind this page — 15 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
- official Olympus T&C PDF, 25 Aug 2026 edition — joining and annual ₹20,000 + GST; §8 a free 3rd night on Hotels.com twice a calendar year; §15 a Taj Epicure membership renewed every card anniversary
- official Axis's Olympus terms — the URL that carried the 28-Aug-2026 revision notice on 5 Aug now serves the card's full product T&C instead; the revision text is no longer retrievable
- official Axis Bank Domestic Airport Lounge Access Program — Olympus sits in Set B with unlimited complimentary access and is expressly EXEMPT from the ₹50,000 prior-3-calendar-month
- community LiveFromALounge — 1 EDGE Mile = 4 miles transferred; 2,500 EDGE Miles + ₹10,000 Taj/ITC voucher every year; Citi Prestige migration
- community CardInsider — full EDGE Group-A/B partner list at 1:4, unlimited lounges, 1.8% forex, invite-only
- community Paisabazaar — Olympus as the Citi Prestige transition card, Visa Infinite + Mastercard World Elite variants