The Axis Magnus earns in EDGE RP, which this calculator values at ₹0.4 per point. Base earn rate is 6% value back, the annual fee is ₹12,500, and forex markup is 2%.
Booking through SmartBuy, iShop or Travel EDGE changes the maths on this card.
| Category | Value back | Detail |
|---|---|---|
| Flights | 30% | Travel EDGE 5X: 60 RP/₹200 up to ₹2L/mo |
| Hotels | 30% | Travel EDGE 5X: 60 RP/₹200 up to ₹2L/mo |
The Axis Magnus earns no rewards on Fuel, Utilities, Insurance, Rent, Govt & Tax. Put that spend on another card.
Transfer ratio cut to 5:2 in Apr 2026, so 1 RP ≈ ₹0.40 as miles (₹0.20 as vouchers). The AEP slab above ₹1.5L/month and Travel EDGE 5X are the only reasons to swipe it.
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