More Benefits - Magnus Credit Card

Annual fee waiver

Annual fees of Rs.12,500 + Taxes waived on spends of Rs.25 Lakhs and above in the 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 2023, 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
• For customers onboarded before 1 st 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.

Reduced Fees & Charges

• Interest rate of 3%
• Forex mark-up of 2%
• No cash withdrawal charges
• Fuel surcharge
• Rent Transaction Fee of 1 % per transaction (Max Rs. 1,500)
• Dynamic Currency Conversion markup of 1% plus taxes

Rewards Program

• You can earn 12 EDGE Reward Points for every INR 200 on cumulative monthly spends up to INR 1,50,000. Further, earn 35 EDGE Reward Points for every INR 200 on incremental monthly spends above INR 1,50,000.
• Earn 60 EDGE Reward Points for every INR 200 spent on Travel Edge portal, up to cumulative transactions of INR 2,00,000 per month. Earn 35 EDGE Reward Points per INR 200 spent above cumulative transactions of INR 2,00,000 per month.
• Wallet (6540), Government institutions (9222, 9311, 9399, 9402) and utilities (4814, 4816, 4899, 4900) MCCs will not be eligible for edge reward points and spends done on these categories will not be considered for incremental rewards threshold calculation of INR 1,50,000
• Fees and charges will not be considered for incremental rewards threshold calculation of INR 1,50,000
• Transfer up to 5 Lakh# eDGE Reward points to 19 travel partners in a calendar year.

• How to redeem points:
• Use your points to redeem travel vouchers, electronic items, and more from our eDGE Rewards catalogue
• Pay with points across partner stores

*Excluding Wallet, Rent, Priority Pass fee and EMI Transactions, spends done on Government institutions and utilities MCCs will not be eligible for EDGE Rewards

For detailed terms & conditions please click here

#Customers holding new Magnus Credit Card for Burgundy can transfer up to 10 Lakh eDGE Reward points to 19 travel partners in a calendar year.