Axis Magnus v/s Axis Atlas - Which one deserve place in your wallet?

Axis ecosystem is must to have so Let's break it down!

Axis Bank has made a strong entry into the premium credit card space with the launch of Axis Magnus and Axis Atlas, targeting affluent, experience-driven, and travel-savvy customers.

Positioning

1. Magnus: Super-premium lifestyle and travel card for high-income individuals

2. Atlas: Travel-focused premium credit card with gamified reward tiers

Annual Fees & Waivers

1. Magnus: ₹12,500 + GST. Fee waived on annual spends of ₹25L or more.

2. Atlas: ₹5,000 + GST. No fee waiver option however milestone reward worth ₹5000 = 2,500 Edge miles on annual spends of ₹3L cover for the fee.

   • Spend ₹3 lakh: Earn 2,500 Edge Miles

   • Spend ₹7.5 lakh: Earn an additional 2,500 Edge Miles

   • Spend ₹15 lakh: Earn an extra 5,000 Edge Miles

Atlas wins here with low fee and well designed milestone benefits.

Welcome Benefits

1. Magnus: ₹12,500 voucher (options include Luxe, Postcard Hotels, or Yatra)

2. Atlas: 2,500 EDGE Miles = ₹5,000

Atlas wins here because we need real money or points.

Rewards Structure

1. Magnus: Conversion ratio is 5:2 for partner transfer

   • Earn 12 EDGE Reward Points per ₹200 on spends up to ₹1.5L/month.

   • Earn 35 EDGE Reward Points per ₹200 on spends beyond ₹1.5L/month.

   • Accelerated rewards: 60 EDGE Reward Points per ₹200 on Travel Edge spends up to ₹2L/month.

2. Atlas: Conversion ratio is 1:2 for partner transfer

   • Earn 2 EDGE Miles per ₹100 on non-travel spends.

   • Earn 5 EDGE Miles per ₹100 on travel spends up to ₹2L/month.

   • 2500 Edge miles on 3L spend, another 2500 on 7.5L and then 5000 on 15L.

Atlas wins here in daily spend category with 4% reward compared to 2.4% on Magnus, Magnus wins for travel spends with 12% reward compared to 10% on Atlas.

Dining Privileges

1. Magnus: 30% off up to ₹1000 via EazyDiner [Once per month]

2. Atlas: 25% off up to ₹800 via EazyDiner [Once per month]

Magnus wins here but marginally.

Lounge Access

1. Magnus:

   • Unlimited domestic lounge visits.

   • 12 international lounge visits via Priority Pass.

   • 4 complimentary guest visits per year.

2. Atlas:

   • Domestic: 8/12/18 visits/year (based on 3tiers).

   • International: 4/6/12 visits/year (based on 3 tiers). No priority pass

Magnus wins here but for lounge should not be reason to get it.

Final verdict

Choose Axis Atlas if you're looking for a daily spend + travel card with a lower annual fee and substantial milestone rewards. It is better than Infinia as Atlas offer 4% compared to 3.3% on Infinia for regular spends.

Choose Axis Magnus if you expect to spend more than ₹1.5L (eg. Electronics, Car down payment, Home down payment etc.) in any single month during the year. This unlocks reward returns of 7%, which is significantly higher than the 3.3% return from one of the best card of the country (HDFC Infinia).

If you don't have any Axis card, you should consider getting into Axis ecosystem as it has unique transfer partners which no one else is offering.

Here is a link to apply - https://bitli.in/pq21jqp

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Sincerely,
Himanshu 👋