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Side-by-Side Comparison|Updated March 2026

ICICI Bank Rubyx Credit Card against Fixed Deposit 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.

ICICI Bank

ICICI Bank Rubyx Credit Card against Fixed Deposit

7.2/10
Annual Fee₹2,000
Base Rewards0.25%
NetworkMastercard
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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

FeatureICICI Bank Rubyx Credit Card against Fixed DepositAxis Bank Magnus Credit Card
Annual Fee₹2,000₹12,500
Joining Fee₹3,000₹12,500
Fee Waiver Spend₹3,00,000₹25,00,000
Base Reward Rate0.25%0.2%
Reward CurrencyICICI Bank Reward PointsEDGE Reward Points
NetworkMastercardVisa
Editor Rating7.2/108/10
Forex Markup3.5%3.5%

Pros & Cons

ICICI Bank Rubyx Credit Card against Fixed Deposit

Pros

  • Welcome vouchers worth ₹5,000+ on payment of joining fee, exceeding the fee cost.
  • 2 complimentary domestic airport lounge visits per quarter (subject to ₹75,000 spend).
  • 25% discount on movie tickets (BookMyShow/Inox) up to ₹150, twice a month.
  • Complimentary golf rounds (up to 2 per month) based on previous month's spends.

Cons

  • High joining fee of ₹3,000 for a secured credit card.
  • No international airport lounge access included.
  • Low base reward rate of 0.50% for domestic spends.

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

Choose ICICI Bank Rubyx Credit Card against Fixed Deposit if

Ideal for individuals with no credit history who want a premium lifestyle card without income proof.

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: ICICI Bank Rubyx Credit Card against Fixed Deposit or Axis Bank Magnus Credit Card?
Axis Bank Magnus Credit Card edges ahead overall with a stronger combination of rewards and value. However, ICICI Bank Rubyx Credit Card against Fixed Deposit could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between ICICI Bank Rubyx Credit Card against Fixed Deposit and Axis Bank Magnus Credit Card?
ICICI Bank Rubyx Credit Card against Fixed Deposit has an annual fee of ₹2,000, while Axis Bank Magnus Credit Card has an annual fee of ₹12,500. ICICI Bank Rubyx Credit Card against Fixed Deposit offers a fee waiver on ₹3,00,000 annual spend. Axis Bank Magnus Credit Card offers a fee waiver on ₹25,00,000 annual spend.
Which card has better rewards: ICICI Bank Rubyx Credit Card against Fixed Deposit or Axis Bank Magnus Credit Card?
ICICI Bank Rubyx Credit Card against Fixed Deposit offers a base reward rate of 0.25%. Axis Bank Magnus Credit Card offers 0.2% base rewards. The better choice depends on your primary spending categories.
Can I have both ICICI Bank Rubyx Credit Card against Fixed Deposit and Axis Bank Magnus Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. ICICI Bank Rubyx Credit Card against Fixed Deposit and Axis Bank Magnus Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: ICICI Bank Rubyx Credit Card against Fixed Deposit or Axis Bank Magnus Credit Card?
For beginners, ICICI Bank Rubyx Credit Card against Fixed Deposit may be more approachable with a lower annual fee of ₹2,000. However, evaluate based on your expected spending pattern rather than fee alone.

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