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Side-by-Side Comparison|Updated March 2026

Axis Bank Magnus Credit Card vs Axis Bank Signature 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 Magnus Credit Card

8/10
Annual Fee₹12,500
Base Rewards0.2%
NetworkVisa
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Axis Bank

Axis Bank Signature Credit Card

7.5/10
Annual Fee₹5,000
Base Rewards1%
NetworkVisa
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Feature-by-Feature Comparison

FeatureAxis Bank Magnus Credit CardAxis Bank Signature Credit Card
Annual Fee₹12,500₹5,000
Joining Fee₹12,500₹5,000
Fee Waiver Spend₹25,00,000₹3,00,000
Base Reward Rate0.2%1%
Reward CurrencyEDGE Reward PointsEDGE REWARD Points
NetworkVisaVisa
Editor Rating8/107.5/10
Forex Markup3.5%3.5%

Accelerated Rewards

Axis Bank Magnus Credit Card

No accelerated rewards listed

Axis Bank Signature Credit Card

  • 2% on TRAVEL

Pros & Cons

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.

Axis Bank Signature Credit Card

Pros

  • High reward rate of 10 EDGE points per ₹200 spent on domestic transactions
  • Accelerated 2x rewards (20 points per ₹200) on all international spends
  • Substantial 50% discount on movie tickets via BookMyShow (up to ₹300 per month)
  • Comprehensive travel insurance including ₹2.5 Crore Air Accident Cover

Cons

  • High annual fee of ₹5,000 with a relatively high waiver threshold of ₹3 Lakhs
  • International lounge visits are not complimentary by default on the Priority Pass
  • Reward point value is relatively low at ₹0.20 per point compared to competitors

Our Verdict

Both Axis Bank Magnus Credit Card and Axis Bank Signature Credit Card are strong options. Your choice should depend on your spending pattern and which card's rewards align better with your lifestyle.

Choose Axis Bank Magnus Credit Card if

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

Choose Axis Bank Signature Credit Card if

Users who travel internationally and can benefit from the 2x reward multiplier and insurance covers.

Frequently Asked Questions

Which is better: Axis Bank Magnus Credit Card or Axis Bank Signature Credit Card?
Both Axis Bank Magnus Credit Card and Axis Bank Signature Credit Card are strong options. Your choice should depend on your spending pattern and which card's rewards align better with your lifestyle.
What is the annual fee difference between Axis Bank Magnus Credit Card and Axis Bank Signature Credit Card?
Axis Bank Magnus Credit Card has an annual fee of ₹12,500, while Axis Bank Signature Credit Card has an annual fee of ₹5,000. Axis Bank Magnus Credit Card offers a fee waiver on ₹25,00,000 annual spend. Axis Bank Signature Credit Card offers a fee waiver on ₹3,00,000 annual spend.
Which card has better rewards: Axis Bank Magnus Credit Card or Axis Bank Signature Credit Card?
Axis Bank Magnus Credit Card offers a base reward rate of 0.2%. Axis Bank Signature Credit Card offers 1% base rewards with bonuses on TRAVEL. The better choice depends on your primary spending categories.
Can I have both Axis Bank Magnus Credit Card and Axis Bank Signature Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. Axis Bank Magnus Credit Card and Axis Bank Signature Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: Axis Bank Magnus Credit Card or Axis Bank Signature Credit Card?
For beginners, Axis Bank Signature Credit Card may be more approachable with a lower annual fee of ₹5,000. However, evaluate based on your expected spending pattern rather than fee alone.

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