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Side-by-Side Comparison|Updated March 2026

Axis Bank Cashback Credit Card vs Axis Bank Magnus Credit Card

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

Axis Bank

Axis Bank Cashback Credit Card

8.2/10
Annual Fee₹1,000
Base Rewards1%
NetworkVisa
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Axis Bank

Axis Bank Magnus Credit Card

8/10
Annual Fee₹12,500
Base Rewards0.2%
NetworkVisa
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Feature-by-Feature Comparison

FeatureAxis Bank Cashback Credit CardAxis Bank Magnus Credit Card
Annual Fee₹1,000₹12,500
Joining Fee₹1,000₹12,500
Fee Waiver Spend₹4,00,000₹25,00,000
Base Reward Rate1%0.2%
Reward CurrencyCashbackEDGE Reward Points
NetworkVisaVisa
Editor Rating8.2/108/10
Forex Markup3.5%3.5%

Accelerated Rewards

Axis Bank Cashback Credit Card

  • 0% on Online Spends
  • 0% on Online Spends
  • 0% on Online Spends

Axis Bank Magnus Credit Card

No accelerated rewards listed

Pros & Cons

Axis Bank Cashback Credit Card

Pros

  • High tiered cashback up to 7% on online spends above ₹40,000 monthly.
  • Unlimited 0.75% cashback on all offline and travel-related transactions.
  • Welcome benefit of 5,000 EDGE points (₹1,000) fully offsets the joining fee.
  • Automatic cashback redemption as statement credit every month.

Cons

  • No complimentary domestic or international airport lounge access.
  • Complicated tiered structure for online cashback compared to flat-rate competitors.
  • Low 0.5% cashback on utility bills with a strict ₹100 monthly cap.

Axis Bank Magnus Credit Card

Pros

  • High reward rate of 17.5 EDGE points per ₹200 on spends above ₹1.5 Lakhs monthly.
  • Unlimited domestic and international lounge access for primary and add-on cardholders.
  • Low foreign currency markup fee of 2% for international transactions.
  • Welcome benefit voucher worth ₹12,500 effectively offsets the joining fee.

Cons

  • Significant devaluation in 2024 removed monthly milestone bonuses and concierge services.
  • High annual fee waiver threshold of ₹25 Lakhs is difficult for most users to reach.
  • Reward points transfer ratio to air miles reduced from 5:4 to 5:2 for non-Burgundy users.

Our Verdict

Axis Bank Cashback Credit Card edges ahead overall with a stronger combination of rewards and value. However, Axis Bank Magnus Credit Card could be the better pick if its specific category strengths match your spending habits.

Choose Axis Bank Cashback Credit Card if

Best value for those spending over ₹40,000 monthly on online platforms to hit the 7% tier.

Choose Axis Bank Magnus Credit Card if

Best value is unlocked after crossing the ₹1.5 Lakh monthly spend threshold.

Frequently Asked Questions

Which is better: Axis Bank Cashback Credit Card or Axis Bank Magnus Credit Card?
Axis Bank Cashback Credit Card edges ahead overall with a stronger combination of rewards and value. However, Axis Bank Magnus Credit Card could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between Axis Bank Cashback Credit Card and Axis Bank Magnus Credit Card?
Axis Bank Cashback Credit Card has an annual fee of ₹1,000, while Axis Bank Magnus Credit Card has an annual fee of ₹12,500. Axis Bank Cashback Credit Card offers a fee waiver on ₹4,00,000 annual spend. Axis Bank Magnus Credit Card offers a fee waiver on ₹25,00,000 annual spend.
Which card has better rewards: Axis Bank Cashback Credit Card or Axis Bank Magnus Credit Card?
Axis Bank Cashback Credit Card offers a base reward rate of 1% with accelerated rewards on Online Spends and Online Spends. Axis Bank Magnus Credit Card offers 0.2% base rewards. The better choice depends on your primary spending categories.
Can I have both Axis Bank Cashback Credit Card and Axis Bank Magnus Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. Axis Bank Cashback Credit Card and Axis Bank Magnus Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: Axis Bank Cashback Credit Card or Axis Bank Magnus Credit Card?
For beginners, Axis Bank Cashback Credit Card may be more approachable with a lower annual fee of ₹1,000. However, evaluate based on your expected spending pattern rather than fee alone.

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