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Axis Magnus vs SBI ELITE
Which credit card is better for you? Fees, rewards & charges side by side.
Axis Bank
Magnus
Visa
| 
| |
|---|---|---|
| Apply Now → | Apply Now → | |
| Annual fee | ₹12,500 | ₹4,999 |
| Joining fee | ₹12,500 | ₹4,999 |
| Our rating | ★ 4.5 | ★ 4.3 |
| Rewards | ≈1.2% – 3.5%+ in points | 0.5% – 2.5% value back |
| Best for | High earners spending ₹1.5 lakh+ a month | High spenders who want lounges, movies and milestone rewards |
| Top benefits | 💎 35 points/₹200 ♾️ Unlimited lounges 🎫 ₹12,500 voucher | ✈️ 8 + 6 lounges 🎬 2 free tickets/month 🏆 50,000 points |
| Lounge access | Unlimited international + domestic | 8 domestic + 6 international/year |
| Fee waiver | Renewal fee waived on ₹25 lakh yearly spend | Annual fee reversed on ₹10 lakh yearly spend |
| Min. income | ₹24 lakh/year | Not published (bank decides) |
| Credit score | 750+ | 750+ |
| Forex markup | 2% | 1.99% |
| Interest | 3%/month | 3.75%/month (45% p.a.) |
| Cash withdrawal | 2.5% | 2.5% (min ₹500) |
| Late fee | ₹0 – ₹1,200 by bill amount | ₹0 – ₹1,300 by bill amount |
| Apply Now → | Apply Now → |
Quick verdict
The Axis Magnus Credit Card is ₹12,500 a year and gives ≈1.2% – 3.5%+ in points. The SBI ELITE Credit Card is ₹4,999 a year and gives 0.5% – 2.5% value back. The SBI ELITE is cheaper to keep. Our rating: Axis Magnus ★ 4.5, SBI ELITE ★ 4.3.
Choose…
- Axis Magnus if you are: high earners spending ₹1.5 lakh+ a month. 35 points/₹200 above ₹1.5L monthly spend · Unlimited lounges international + domestic · ₹12,500 voucher welcome benefit.
- SBI ELITE if you are: high spenders who want lounges, movies and milestone rewards. 8 + 6 lounges domestic + international · 2 free tickets/month on BookMyShow · 50,000 points in yearly milestones.
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