What's 1 Axis Bank EDGE Miles worth?

Atlas EDGE Miles earn rate threshold raised for premium-tier benefits

Axis Bank raised the milestone-spend threshold for the Atlas card's premium-tier benefits (lounge upgrades, milestone vouchers) from ₹3L to ₹5L annual spend effective March 2025. Existing cardholders kept the old threshold until renewal; new applicants subject to new threshold immediately.

Magnus EDGE Miles earn cut from 12 to 5 per ₹200 spend (60% reduction)

Axis Bank announced on 23-Aug-2023 that the Magnus credit card's base earn rate would drop from 12 EDGE Miles per ₹200 spend to 5 per ₹200 effective 1-Sep-2023. Milestone benefit ₹10K voucher per ₹1.5L spend was retained but the spend threshold raised. The change rendered Magnus far less attractive than Atlas for ongoing spend, and was widely seen as a deliberate downgrade rather than a market correction.