Axis Bank has made all the proper noises in the Credit Card Industry. They are doing all things right at the moment. Like, Understanding which credit cards belong to HNI’s and how to make them a fantastic product. This guide on Axis Bank HNI Credit Cards has been created to understand these cards better and what they offer.
What are Axis Bank HNI Credit Cards?
Axis Bank HNI Credit Cards are the topmost Credit Cards. There are three Axis Bank HNI Credit Cards. These cards are:
- Burgundy Private Credit Card
- Reserve Credit Card
- Magnus Credit Card
As we proceed, you’ll know why these are HNI cards. Though there could be high annual fees, they also have many benefits.
Note: Axis has made significant changes to Axis Magnus Credit Card including conversion ratio, which will be applicable from 1st September 2023.
Fees and Welcome Benefits
Since we are talking about Axis Bank HNI Credit Cards, they come with hefty Annual Fees. But, Welcome Benefits are also given, which may not be equivalent to the value of Annual Fees Paid in some cases.
| Credit Cards | Annual Fees | Welcome Benefits |
| Burgundy Private Credit Card | INR 50000* | 30000 Edge Rewards |
| Reserve Credit Card | INR 50000 | 50000 Edge Rewards |
| Magnus Credit Card | INR 10000 | 10000 Voucher Tata Cliq; or One Domestic Flight worth INR 10000 |
Axis Bank Burgundy Private Credit Card is free for those who are Burgundy Private clients. Though if they opt out or don’t remain a Burgundy Private Client, an Annual Fee of INR 50000+ taxes is charged.
Complimentary Memberships
All these HNI Credit Cards come with complimentary memberships. But Magnus Credit Card only gives one complimentary membership. In comparison, the other two cards give excellent memberships.
| Axis HNI Credit Cards | Complimentary Memberships |
| Burgundy Private Credit Card | Club ITC Culinaire; and AccorPlus (Silver Tier); and Club Marriott; and Taj Epicure EazyDiner Prime |
| Reserve Credit Card | Club ITC Culinaire; and AccorPlus (Silver Tier); and Club Marriott; and EazyDiner Prime |
| Magnus Credit Card | EazyDiner Prime |
Apart from the EazyDiner Prime membership, all other complimentary memberships bring lots of benefits. But these memberships bring a lot of value which, however takes a few hours to find out how to extract that value.
Annual Fees Waiver
It takes a lot of spending to get a fee waiver on your Axis Bank HNI Credit Cards.
| Credit Cards | Fee Waived on |
| Burgundy Private Credit Card | Spend INR 25 Lacs* |
| Reserve Credit Card | Spend INR 25 Lacs |
| Magnus Credit Card | Spend INR 15 Lacs |
In case the annual fee is charged on Burgundy Private Credit Card, you may be able to get a fee waiver on the spending of INR 25 Lacs in a year.
Base Points Earning on Axis HNI Credit Cards
Axis gives points on base spending of INR 200. That means points are calculated on multiplies of INR 200 and are Round Down to get multiple.
This is how many base points you get:
| Credit Cards | Points Earned | Amount Spent |
| Burgundy Private Credit Card | 15 | INR 200 |
| Reserve Credit Card | 15 | INR 200 |
| Magnus Credit Card | 12 | INR 200 |
Bonus Points Earning on Axis HNI Credit Cards
Axis HNI Cards have excellent bonus points earning opportunities except for Burgundy Private Credit Card.
| Credit Cards | Bonus Points |
| Burgundy Private Credit Card | NA |
| Reserve Credit Card | 2x on International Spending |
| Magnus Credit Card | 25000 Points on Spending INR 1 Lac in a month; and 5x Points on Travel Edge |
Forex Markup on Axis HNI Credit Cards
Very few credit cards in India come with reasonable forex markup charges. In this space, Axis shines with its HNI Cards.
| Credit Cards | Forex Mark-up |
| Burgundy Private Credit Card | 0.00% |
| Reserve Credit Card | 1.50% |
| Magnus Credit Card | 2.00% |
Lounge Access on Axis HNI Credit Cards
Axis HNI Credit Cards are the best in India for Lounge Access. Not only do these cards provide lounge access to the primary cardholder but also to the accompanying guest.
| Credit Cards | Lounge Access | Limit | Guest Visit (International) | Guest Visit (Domestic) |
| Burgundy Private Credit Card | Yes | Unlimited | 12/Yr | 12/Yr |
| Reserve Credit Card | Yes | Unlimited | 12/Yr | 12/Yr |
| Magnus Credit Card | Yes | Unlimited | 8/Yr | 0/Yr |
Magnus remains shy of the Domestic lounge for accompanying guests otherwise, these cards are exceptional for providing lounge access.
Points Conversion of Axis HNI Credit Cards
A few months back, Axis launched the functionality of transfer points to other Hotel Loyalty programs and Airline Loyalty Programs. Axis HNI Credit Cards have the best conversion among all Axis Bank Credit and in the Credit Card Industry to some extent. Also, the conversion ratio of all three cards (Burgundy Private, Reserve and Magnus) is the same. Now Axis has also added six new transfer partners. Below is the conversion ratio, transfer partners and time needed to transfer points:
| Partner | Program Name | Conversion Ratio (HNI Cards) | Minimum Points Transfer | Maximum Time (Working Days) |
| Accor | ALL | 5:4 | 300 | 5 |
| Air Asia | AirAsia rewards | 5:4 | 300 | 10 |
| Air France-KLM | Flying Blue | 5:4 | 300 | 1 |
| Air Vistara | Club Vistara | 5:4 | 300 | 10 |
| Air Canada | Aeroplan | 5:4 | 300 | 1 |
| Etihad Airways | Etihad Guest | 5:4 | 300 | 1 |
| Ethiopian Airlines | ShebaMiles | 5:4 | 300 | 10 |
| IHG Resorts and Hotels | IHG One Rewards | 5:4 | 300 | 1 |
| ITC | Club ITC | 5:4 | 300 | 10 |
| Japan Airlines | JAL Mileage Bank | 5:4 | 300 | 14 |
| Marriott International | Marriott Bonvoy | 5:4 | 300 | 10 |
| Qantas Airways | Qantas Frequent Flyer | 5:4 | 300 | 1 |
| Qatar Airways | Privilege Club | 5:4 | 300 | 1 |
| Singapore Airlines | KrisFlyer | 5:4 | 300 | 10 |
| Spicejet | Spiceclub | 5:4 | 300 | 10 |
| Thai Airways | Royal Orchid Plus | 5:4 | 300 | 1 |
| Turkish Airlines | Miles & Smiles | 5:4 | 300 | 10 |
| United Airlines | United Mileage Plus | 5:4 | 300 | 1 |
| Wyndham | Wyndham Rewards | 5:4 | 300 | 1 |
This transfer of points is the best in the Industry compared to HDFC Cards (maybe equal or less but not more) and Amex Cards. Also, Amex is hands down the best transfer partner of Marriott at a 1:1 ratio.
Airport Concierge and Luxury Transfer
Not every day do we see a Card giving benefits of Airport Concierges or Luxury Transfer. But here is Axis pioneering it. Magnus comes with INR 10000 fees, so it has fewer benefits than other cards.
| Credit Cards | Airport Concierge | Luxury Transfer |
| Burgundy Private Credit Card | 8/Yr | NA |
| Reserve Credit Card | 8/Yr | 4/Yr |
| Magnus Credit Card | 8/Yr | NA |
Interestingly, Magnus and Burgundy Private Credit Card has been put at par. But Reserve Credit Card Holders enjoy airport transfers as well as luxury transfers.
Other Benefits
There are a few other benefits lifestyle-related benefits. These benefits are:
| Benefit | Burgundy Private | Reserve | Magnus |
| Golf | 50/Yr | 50/Yr | NA |
| Book My Show (1+1) | (5+5)/Tickets | (5+5)/Tickets | 5/Tickets |
| Medical Related | Yes | Yes | Yes |
All three Credit Cards also have medical-related benefits such as “Consultations with world-class medical specialists for second opinions”.
Final Thoughts
AXIS Bank HNI Credit Cards are one of the best credit cards in India. They have everything a person is looking for in a credit card. It does take a few moments to realise the benefits these cards provide. These cards have benefited not only Axis but also the cardholder in a significant way. Let’s hope they become better from here.
