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Premium

Axis Bank Magnus

Offers lower forex markups, unlimited international lounge access, and meet-and-greet airport concierge services across India. Hit hard by multiple devaluations since 2023.

Best for Frequent International Travelers

What's good

  • Airport meet-and-greet concierge service across India
  • Excellent travel insurance coverage
  • Unlimited international lounge access

Watch out for

  • Domestic lounge access is heavily spend-gated (₹50K in prior 3 months)
  • Monthly milestone bonus program eliminated in September 2023 — was the biggest value driver
  • EDGE Miles transfer ratios halved (5:4 → 5:2); Accor, Marriott, Qatar Airways removed as partners (April 2026)
  • Fee waiver requires very high ₹25L annual spend (excluding wallet, fuel, rent, utilities)
  • ~2% forex markup on international transactions — better than standard 3.5% but not zero-forex

Who should pick this card?

Best suited for someone focused on frequent international travelers.

This sits in the Premium category — Top-tier cards with concierge, unlimited lounge access, and elite travel perks for high spenders.

Fees, reward rates, and caps last verified in May 2026. Issuers update terms without notice — always confirm on the bank's official page before applying.

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