Axis Bank Magnus Credit Card vs Axis Bank Select Credit Card: Which is Better in 2026?
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The Axis Bank Magnus Credit Card and Axis Bank Select Credit Card cater to different customer needs with distinct fee structures, reward rates, and lounge access benefits. Magnus targets premium users with higher fees but unlimited lounge access and accelerated travel rewards. Select offers a more affordable option with moderate rewards, milestone bonuses, and a focus on retail spending.
Comparison notes and quick badges use AI, grounded in the benefit data shown in the table. Confirm details on each issuer’s site.
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| Feature | Axis Bank Magnus Credit Card | Axis Bank Select Credit Card |
|---|---|---|
| Bank | Axis Bank | Axis Bank |
| Network | MasterCard | Visa |
| Joining fee | Joining Fee of Rs.12500 | Joining Fee of Rs.3000 |
| Annual / renewal fee | Second Year Onwards Annual Fee of Rs.12500 | Second Year Onwards Annual Fee of Rs.3000 |
| Annual fee waiver | Spend Rs.25 Lakhs For Annual Fee Waiver | Spend Rs.8 Lakh For Waiver of Annual Fee |
| Reward rate (headline) | Earn 35 eDGE Reward Points Per Rs.200 | Earn 10 EDGE Reward Points Per Rs.200 |
| Lounge — domestic | Enjoy Unlimited Complimentary Lounge Visits in India | 2 Complimentary Airport Lounge Access Per Quarter |
| Lounge — international | Enjoy Unlimited Complimentary International Lounge Visits | 12 Complimentary International Airport Lounge Access |
| Welcome benefit | Welcome Benefits - Voucher Worth Rs.12500 | Welcome Benefit - 10000 EDGE REWARD Points |
| Milestone benefit | — | Earn 5000 EDGE Reward Points on Spend of Rs.3 Lakhs |
| Foreign currency markup | 2% - Foreign Currency Transactions | 3.5% - Foreign Currency Transactions |
Which is better for rewards?
The Axis Bank Magnus Credit Card offers superior reward points accrual, especially for travel-related spends, with 35 eDGE Reward Points per Rs.200 and 5X points on travel spends via Travel eDGE. It also provides additional points on high monthly spends. In contrast, the Axis Bank Select Credit Card provides a simpler rewards structure with 10 EDGE Reward Points per Rs.200 and 2X points on retail spends, plus a milestone bonus of 5000 points on spending Rs.3 lakhs annually. Overall, Magnus is better suited for high spenders seeking premium rewards, while Select is more modest but includes milestone incentives.
Which is better for travel?
For travel benefits, the Axis Bank Magnus Credit Card clearly leads with unlimited complimentary domestic and international lounge access, enhancing convenience for frequent travelers. The Select card offers limited lounge access with 2 domestic visits per quarter and 12 international visits annually, which is decent but less comprehensive. Additionally, Magnus offers 5X reward points on travel spends, making it more rewarding for travel-related expenses. Thus, Magnus is more travel-focused, while Select provides moderate travel perks suitable for occasional travelers.
Which has lower effective cost?
The Axis Bank Select Credit Card is significantly more affordable, with a joining and renewal fee of Rs.3000 and an annual fee waiver on spending Rs.8 lakhs. The Magnus card commands a much higher fee of Rs.12500 with waiver only on Rs.25 lakhs spend, reflecting its premium positioning. Forex markup fees are lower on Magnus at 2% compared to 3.5% on Select, which may benefit frequent international spenders. Overall, Select offers a lower cost of ownership, making it more accessible for budget-conscious users, while Magnus justifies its higher fees with premium benefits.
Reward Structure and Milestones
Magnus focuses on high reward rates per spend and travel-specific multipliers without milestone bonuses, appealing to consistent high spenders. Select includes milestone rewards, such as 5000 EDGE points on Rs.3 lakh annual spend, which can benefit users with steady but moderate spending.
Lounge Access Comparison
Magnus offers unlimited complimentary lounge visits both domestically and internationally, ideal for frequent flyers. Select provides a capped number of lounge visits—2 domestic per quarter and 12 international annually—suitable for occasional travelers.
Forex Markup Fees
Magnus has a lower forex markup fee of 2%, making it more cost-effective for international transactions compared to Select's 3.5%. This can be a deciding factor for users who often spend abroad.
Who should pick Axis Bank Magnus Credit Card?
Consider Axis Bank Magnus Credit Card if you are a high spender looking for premium travel benefits such as unlimited domestic and international lounge access, higher reward points especially on travel spends, and a welcome voucher matching the high joining fee. This card suits frequent travelers and those who can meet the high annual fee waiver threshold.
Who should pick Axis Bank Select Credit Card?
Consider Axis Bank Select Credit Card if you prefer a lower fee credit card with decent rewards on retail spends, milestone bonuses, and moderate lounge access. It is suitable for users with moderate spending patterns who want to keep costs down while still enjoying some travel perks and rewards.
Frequently Asked Questions
Axis Bank Magnus Credit Card has a joining and renewal fee of Rs.12500, while Axis Bank Select Credit Card charges Rs.3000 for both.
For Magnus, spend Rs.25 lakhs in a year to waive the annual fee. For Select, the fee is waived on spending Rs.8 lakhs annually.
Axis Bank Magnus provides unlimited complimentary domestic and international lounge visits. Axis Bank Select offers 2 domestic lounge visits per quarter and 12 international visits annually.
Magnus charges a 2% forex markup fee on foreign currency transactions, whereas Select charges 3.5%.
Axis Bank Select Credit Card offers a milestone benefit of 5000 EDGE Reward Points on spending Rs.3 lakhs annually. Magnus does not have milestone benefits.
Magnus offers a welcome voucher worth Rs.12500, while Select provides 10000 EDGE Reward Points as a welcome benefit.