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Axis Bank Magnus Credit Card vs Axis Bank Reserve Credit Card
On net annual value, Axis Bank Magnus comes out ahead for everyday spenders and online shoppers (by up to ₹21,618 a year), and Axis Bank Reserve for frequent travellers and high spenders (by up to ₹12,188 a year). Axis Bank Reserve is issued by invitation only, while Axis Bank Magnus is open to applications. Axis Bank Magnus costs ₹12,500 a year against ₹50,000. Figures as of .
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Who comes out ahead — by how you spend
Estimated net annual value for four typical spend profiles: the rewards each card earns on that spend (a merchant or portal bonus only on the share of spend it plausibly reaches), plus the perks and milestone bonuses that spender would use, less any annual fee the spend does not waive (with GST) and the forex markup on spending abroad. Lounge access carries no rupee value here.
| Spender | Axis Bank Magnus Credit Card | Axis Bank Reserve Credit Card |
|---|---|---|
Everyday spender ≈ ₹40k/mo across groceries, bills, dining and fuel | −₹5,342/yr✓ +₹21,618/yr | −₹26,960/yr |
Online shopper ≈ ₹60k/mo, mostly e-commerce and subscriptions | ₹1,042/yr✓ +₹19,962/yr | −₹18,920/yr |
Frequent traveller ≈ ₹1.2L/mo with heavy travel and forex spend | ₹12,778/yr | ₹22,820/yr✓ +₹10,042/yr |
High spender ≈ ₹2.5L/mo across every category | ₹57,072/yr | ₹69,260/yr✓ +₹12,188/yr |
Not in these numbers: both include airport lounge access — real perks that can outweigh a small gap.
Illustrative profiles, not a personalised result — your categories decide the real winner. Run these two on my spending →
What your points are actually worth
A point's headline value means little without the earn rate behind it. Here's the real math — the value of a point by how you redeem it, the resulting return by category, and the net rupees for your own spend.
| Value of one point, by route | Axis Bank Magnus Credit CardAxis EDGE Reward Points | Axis Bank Reserve Credit CardAxis EDGE Reward Points |
|---|---|---|
| Cash / statement credit | ₹0.20 | ₹0.20 |
| Gift vouchers | ₹0.20 | ₹0.20 |
| Travel portal | ₹0.20 | ₹0.20 |
| Airline / hotel transfer | ₹0.405:2BEST | ₹0.405:2BEST |
Return by categoryearn rate × point value
Headline reward rate per category, before monthly caps. Switch the redemption strategy above to see how the picture shifts.
Your spend, head to head
Enter your monthly spend — net value is the annual rewards after the card fee, at each card's best realistic redemption (our recommender's model, caps and fee-waivers included).
Total ₹60,000/mo · ₹7,20,000/yr
Want the money-first pick across your whole wallet? Run the recommender →
| Axis Bank Magnus Credit Card | Axis Bank Reserve Credit Card | |
|---|---|---|
| Fees | ||
| Joining fee | ₹12,500 | ₹50,000 |
| Annual fee | ₹12,500/yr ✓ | ₹50,000/yr |
| Annual fee — all-in (incl. 18% GST) | ₹14,750 ✓ | ₹59,000 |
| Fee waiver at | ₹25,00,000/yr spend | ₹35,00,000/yr spend |
| Welcome benefit | ~₹12,500 | ~₹6,000 |
| Rewards | ||
| Best everyday reward | 2.4% on everyday spends | 6% on International ✓ |
| International | 2.4% | 6% ✓ |
| Base rate — other spends | 2.4% | 3% ✓ |
| Charges | ||
| Forex markup | 2% | 1.5% ✓ |
| Finance charge | 3% p.m. | 3% p.m. |
| Cash advance | — | — |
| Add-on card | — | — |
| Perks | ||
| concierge | — | ✓ · Dedicated relationship manager and 24x7 lifestyle concierge with curated travel, dining and spa privileges |
| fuel waiver | ~₹1,200/yr · 1% fuel-surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹400 per statement cycle — note that fuel itself earns no EDGE Reward Points on this card | ~₹1,200/yr · 1% fuel-surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹400 per statement cycle — note that fuel itself earns no EDGE Reward Points on this card |
| golf | — | ~₹40,000/yr · Up to 50 complimentary golf rounds a year at select courses in India and abroad |
| hotel membership | — | ~₹25,000/yr · Complimentary Club ITC Culinaire, Accor Plus and Club Marriott Asia Pacific memberships, plus 15% savings at Postcard Hotels (Oberoi hotel offers were discontinued 1 October 2025) |
| lounge access | ~₹24,000/yr · Unlimited domestic and international visits, plus 4 guest visits a year (cut from 8, 20 Apr 2024). Domestic needs ₹50,000 eligible spend in the previous 3 calendar months (from 1 May 2024). From 28 Aug 2026 Priority Pass no longer opens Indian domestic lounges — show card and boarding pass. | ~₹24,000/yr · Unlimited domestic and international airport lounge access for primary and add-on cardholders, plus 12 complimentary guest visits a year. From 28 Aug 2026 Priority Pass no longer opens Indian domestic lounges — show the card and boarding pass. |
| movie ticket | — | ~₹3,000/yr · Complimentary BookMyShow tickets, plus complimentary EazyDiner Prime and Swiggy One memberships and handpicked experiences through extraordinaryweekends.com |
| Eligibility | ||
| Min income | ₹2,00,000/mo | — |
| Min age | 18+ yrs | — |
| UPI linked | — | — |
| Expert rating | 3.9 / 5 | 4.2 / 5 ✓ |
Reward rates above are the realistic value you keep — points earned × what a point is worth at each card's own best redemption, before monthly caps — so cards with different point values compare fairly. Bank-portal accelerators (earned only by booking through the issuer's own portal, on a slice of spend) are bounded upside, listed separately here rather than blended into the everyday rates.
Which should you pick?
Choose the Axis Bank Magnus Credit Card if you want strong rewards on everyday spends at a lower annual fee. Consider the Axis Bank Reserve Credit Card if you spend more on international. Your actual best card depends on how you spend — run your numbers below.
Axis Bank Magnus Credit Card vs Axis Bank Reserve Credit Card — FAQs
Which has a lower annual fee, Axis Bank Magnus Credit Card or Axis Bank Reserve Credit Card?
As of 24 Oct 2026, Axis Bank Magnus has the lower annual fee: ₹12,500 (₹14,750 with 18% GST), against ₹50,000 (₹59,000 with 18% GST) on Axis Bank Reserve. Axis Bank Magnus waives it after ₹25,00,000 of spend in a card year, Axis Bank Reserve after ₹35,00,000.
Do Axis Bank Magnus Credit Card and Axis Bank Reserve Credit Card offer airport lounge access?
As of 24 Oct 2026, Axis Bank Magnus and Axis Bank Reserve both include airport lounge access, on different terms. Axis Bank Magnus lists unlimited domestic and international airport lounge access, with the domestic visits unlocked by ₹50,000 of spend in the previous quarter. Axis Bank Reserve lists unlimited domestic and international airport lounge access. For spending abroad, Axis Bank Reserve adds 1.5% in forex markup against 2% on Axis Bank Magnus.
Which card has lower forex markup, Axis Bank Magnus Credit Card or Axis Bank Reserve Credit Card?
As of 24 Oct 2026, Axis Bank Reserve has the lower forex markup: 1.5%, against 2% on Axis Bank Magnus. With 18% GST on the markup, ₹1,00,000 spent abroad costs about ₹1,770 extra on Axis Bank Reserve and ₹2,360 on Axis Bank Magnus, a ₹590 difference.
For a frequent traveller, is the Axis Bank Magnus Credit Card or Axis Bank Reserve Credit Card better value?
On figures as of 24 Oct 2026, Axis Bank Reserve comes out ahead for a frequent traveller (about ₹1.2 lakh a month with heavy travel and forex spend), with a net annual value (rewards, perks and milestones, less the annual fee and forex markup) of ₹22,820 against ₹12,778 on Axis Bank Magnus, a ₹10,042 gap. That figure includes the forex markup on this traveller's spend abroad, where Axis Bank Reserve charges 1.5% against 2% on Axis Bank Magnus.
For everyday spending, which returns more: Axis Bank Magnus Credit Card or Axis Bank Reserve Credit Card?
On figures as of 24 Oct 2026, Axis Bank Magnus comes out ahead for an everyday spender (about ₹40,000 a month across groceries, bills, dining and fuel), with a net annual value (rewards, perks and milestones, less the annual fee and forex markup) of −₹5,342 against −₹26,960 on Axis Bank Reserve, a ₹21,618 gap. Best everyday rates: 2.4% on everyday spends for Axis Bank Magnus, 6% on international spends for Axis Bank Reserve.
Which is better, Axis Bank Magnus Credit Card or Axis Bank Reserve Credit Card?
As of 24 Oct 2026, Axis Bank Magnus earns 2.4% on everyday spends at best, paid as Axis EDGE Reward Points, and Axis Bank Reserve earns 6% on international spends at best, paid as Axis EDGE Reward Points. Axis Bank Magnus comes out ahead on net annual value for everyday spenders and online shoppers, and Axis Bank Reserve for frequent travellers and high spenders. Axis Bank Magnus costs ₹12,500 a year against ₹50,000.