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Axis Bank Magnus vs Federal Scapia Credit Card Compared

Which credit card suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero. Data last verified: 11 October 2026.

Axis Bank Magnus Credit Card versus Federal Scapia Credit card compared
FeatureAxis Bank Magnus Credit CardAxis Bank Magnus Credit CardAxis Bank5 recent changes →
Federal Scapia Credit cardFederal Scapia Credit cardScapia, issued by Federal Bank and Punjab National Bank5 recent changes →
Rewards by spend
Rewards2.4% on most spends2% on most spends; 4% only at partner merchants
UPI payments (scan and pay)Earns nothing2%
Online shopping2.4%2%
Dining and food delivery2.4%2%
Groceries2.4%2%
Travel: flights, hotels, trainsNot stated2%; 4% only at Scapia app
FuelsameEarns nothingEarns nothing
Bills and rechargessameEarns nothingEarns nothing
Rent2.4%Earns nothing
Insurance premiumssameEarns nothingEarns nothing
School and college fees2.4%2%
Wallet top-upsEarns nothing2%
Taxes and government paymentsEarns nothingNot stated
Spend abroad or in a foreign currency2.4%2%
Everything else2.4%2%
Card identity
Card typeRewardsTravel
NetworkMastercardVisa
Card tierPremiumMid
Fees
Joining fee₹12,500 + GSTFree
Annual fee₹12,500 + GSTFree
Lifetime freeNoYes
Fee waived at₹25,00,000-
Eligibility
Min age18 years-
Max age70 years-
Employment typesameBOTHBOTH
Min monthly salary₹2,00,000-
Min credit score-730
Rewards
Reward typesameReward pointsReward points
Point valuesame₹0₹0
Fuel surcharge
Fuel surcharge waiverYesNo
Lounge access
Domestic lounge visits-0
Domestic lounge unlimitedsameYesYes
International lounge visits-0
International lounge unlimitedYesNo
Guest lounge visits4-
Lounge programmePRIORITY_PASS-
Priority PassYesNo
Lounge conditionSpend Rs 50,000 in the previous quarter for domestic lounge access20,000+ Per Month
Forex and international
Forex markup2%None
UPI rewards
Works on UPINoYes
Interest and charges
Interest rate (monthly)3%3.75%
Interest rate (annual)36%45%
Redemption
Redemption method-Vouchers, Air miles
Page content
Eligibility-Age: 21 to 65 years Min. income: ₹25,000/mo Employment: Salaried · Self-employed · Student
Documents neededsamePAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photographPAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph
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Worth in Rupees at ₹20,000 a Month

Axis Bank Magnus Credit Card
Rewards a year
₹5,760
Fee a year
- ₹14,750
You keep
- ₹8,990
Federal Scapia Credit card
Rewards a year
₹4,800
Fee a year
₹0
You keep
₹4,800

At this spend, Federal Scapia Credit card comes out ₹13,790 a year ahead of Axis Bank Magnus Credit Card. Worked out from each card's published reward rate, caps and fee, on ₹20,000 a month. Your own spend changes the answer: try the rewards calculator.

Best For

Axis Bank Magnus Credit Card
  • High spenders above Rs 1.5 lakh a month
  • Frequent travellers who use lounges
  • People who book travel through Axis Travel EDGE
Federal Scapia Credit card
  • International travellers
  • People who book trips online
  • Anyone wanting a free card with 0% forex fee

Watch-Outs

Axis Bank Magnus Credit Card
  • High annual fee unless you spend Rs 25 lakh a year
  • Best value only at very high monthly spend
  • Needs an income of about ₹2 lakh a month
Federal Scapia Credit card
  • Coins redeem only for travel in the Scapia app
  • No coins on fuel, insurance, utilities or rent
  • Lounge access needs Rs 20,000 spend each month

Card data sourced via CardAdvisor.in (Axis Bank Magnus Credit Card, Federal Scapia Credit card), India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.

Questions People Ask

Which has the lower annual fee, Axis Bank Magnus Credit Card or Federal Scapia Credit card?

Federal Scapia Credit card. Federal Scapia Credit card: no annual fee; Axis Bank Magnus Credit Card: ₹12,500. Check whether a spend-based waiver applies before you decide.

Which is better for spending abroad?

Federal Scapia Credit card has the lowest forex markup. Federal Scapia Credit card: 0%; Axis Bank Magnus Credit Card: 2%. The markup is charged on every foreign-currency transaction, before GST.

Which earns more on everyday spending?

On spends outside any bonus category: Axis Bank Magnus Credit Card 2.4%, Federal Scapia Credit card 2%. Bonus categories, rates limited to named merchants and monthly caps change the picture, so compare the rewards by spend too.

Which gives airport lounge access?

Axis Bank Magnus Credit Card: unlimited domestic lounge visits; Federal Scapia Credit card: unlimited domestic lounge visits. Some cards need a minimum spend in the quarter before a visit counts, so check the lounge terms.

Can I hold more than one of these cards?

Usually yes, if each bank approves you. Many people keep one card for everyday spending and another for a specific use such as travel. Each application is a separate credit check.

Work Out the Numbers

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