More Benefits - Magnus Credit Card
Annual fee waiver
Annual fee of Rs. 12,500 + Taxes waived off* on spend of Rs. 25 Lakhs in preceding year
- Spends will be calculated as per the card anniversary year
- Rental Spends (6513), Wallet Transactions (6540), Priority pass spends & EMI Transactions are not considered. Effective 1st September'23, Spends threshold for annual fee waiver will also exclude transactions done on
Government Institutions (9222, 9311, 9399, 9402) and Utilities (4814, 4816, 4899, 4900) MCCs.
In addition to above, with Effect from 20th April'24, transactions done on Insurance (6300, 6381, 5960, 6051, 6012),
Fuel (5541, 5542, 5983) and Gold & Jewellery (5094, 5944) MCCs will not be included in spends threshold for annual fee waiver. - For customers onboarded before 1st September 2023, annual fee waiver will be applicable on cumulative spends of INR 15,00,000 in preceding card anniversary year. However, for such customers, on card anniversary dates after
1
st September 2024, fee waiver will be applicable on cumulative spends of INR 25,00,000 in preceding card anniversary year.
Magnus Credit Card for Burgundy holders Annual Fee of Rs. 30,000 + Taxes waived off on spend of Rs. 30 Lakhs in preceding year