How to Increase Credit Limit on Axis Bank Magnus Credit Card

Are you using Axis Bank Magnus Credit Card? Want to Increase the credit limit? Then this is the right place. In this post we are going to show you How to Increase Credit Limit on Axis Bank Magnus Credit Card.

Welcome to coinobear, In this post, we are going to show you How to Increase your Credit Limit on Axis Bank Magnus Credit Card . Axis Bank Magnus Credit Card Comes with a lot of exciting offers. Customers can make unlimited purchases at any merchant that accepts credit cards worldwide. Axis Bank Magnus Credit Card is best fit for Travel |
Shopping | enthusiast. Unlimited lounge access at select domestic airports across India. Primary as well as supplementary cardholders can avail the free domestic lounge access using the Magnus Credit Card..

 

Axis Bank Magnus Credit Card Details

Card Name Axis Bank Magnus Credit Card
Joining Fee Rs. 10,000 + GST
Reward Type Reward Points |
Fuel Surcharge 1% fuel surcharge waived off at all fuel stations across India
Apply Link Apply Here

 

Fees & Charges

What is the joining fee of Axis Bank Magnus Credit Card?

Rs. 10,000 + GST

What are the Welcome Benefits for Axis Bank Magnus Credit Card?

Choose any one os these- Tata Cliq voucher or a free domestic flight ticket worth Rs. 10,000.

Unlimited domestic airport lounge access every year.

Axis Bank Magnus Credit Card Benefits & Rewards

Movie / Dining 

Buy one and get up to Rs. 500 off on the next movie/non-movie ticket on BookMyShow (max 5 times a month), 25% off at 2,000+ restaurants across India.

Rewards Rate 

Unlimited domestic airport lounge access every year.

Reward Redemption

Axis EDGE REWARDS Points can be redeemed on the EDGE REWARDS portal at a value of 1 Edge Reward = Re. 0.20.

Travel Benefits for Axis Bank Magnus Credit Card

Complimentary international as well as domestic airport lounge access, airport concierge service and discounts on stays at Oberoi Hotels.

 

Airport Lounge Access

Domestic Lounge Access : Unlimited domestic airport lounge access

International Lounge Access : Unlimited complimentary international airport lounge access for primary cardholders and 8 complimentary visits for the guests every year with Priority Pass

Insurance Cover

Travel-related insurance coverage, which includes an air accident cover worth Rs. 4.5 crore, Credit shield protection worth Rs. 5 lakh (in case the card is lost) and a purchase protection worth Rs. 2 lakh.

How to Increase Credit Limit on Axis Bank Magnus Credit Card

1. Create a budget plan

Before you decide what to purchase with your credit card, you should first create a budget plan. Spend some time doing research on how much money you have to spend each month. Do not forget about other expenses like insurance, utilities, food, and gas. By taking these factors into consideration, you will be able to determine what kind of purchases you want to make with your card. If you do not have enough money left over at the end of the month, you may need to cut down on certain spending categories.

2. Decide which product you want

After you have determined your monthly income, you can then choose what type of products you want to buy using your card. Take note of your personal preferences by looking at reviews online and reading customer opinions. You could even consider buying various samples in order to learn more about them before making a final decision.

3. Make sure you’re not paying interest

If you pay off your balance in full each month, you will avoid paying interest charges. However, if you carry a balance, you will incur additional fees. Always check the terms and conditions of your credit cards to find out what they offer.

4. Keep track of your spending

You should keep track of your spending and use the information to help you stay on top of your finances. Write down everything that you spend money on, including any receipts and items purchased online. Once you have done this, try to reduce unnecessary spending. As soon as you notice yourself starting to overspend, write down the amount you spent and add the item to a list of things you wish to get rid of.

5. Avoid impulse buys

Impulse buys are purchases without prior planning. These are purchases that you cannot wait to make, even if it means having to sacrifice something else. When you are tempted to make an impulsive purchase, take a moment to ask yourself whether this really is necessary. If you still feel compelled to go ahead with your purchase, try delaying the transaction until later.

6. Manage your credit score

If you want to increase your limit on your credit card, you will need to maintain a good credit score. To improve your credit score, start by monitoring your payments. Try to repay all of your bills on time and do not exceed your limits. In addition, look for ways to lower your debt-to-income ratio. Your ratio is calculated by dividing the total amount of debt you owe by your gross annual income. A higher ratio indicates less financial responsibility. Paying down your debts can greatly improve your credit score.

 

Our thoughts

Increasing Card Limit on Axis Bank Magnus Credit Card totally depends on your previous relationship with your bank, credit history, and payment time.  If we missed anything please let us know in the comment section

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