Axis Bank Magnus vs SBI SimplySAVE 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.
| Feature |  Axis Bank Magnus Credit CardAxis Bank5 recent changes → |  SBI SimplySAVE Credit CardState Bank of India4 recent changes → | |
|---|---|---|---|
| Rewards by spend | |||
| Rewards | 2.4% on most spends | 0.17% base, up to 1.67% on dining | |
| UPI payments (scan and pay)same | Earns nothing | Earns nothing | |
| Online shopping | 2.4% | 0.17% | |
| Dining and food delivery | 2.4% | 1.67% | |
| Groceries | 2.4% | 1.67% | |
| Travel: flights, hotels, trains | Not stated | 0.17% | |
| Fuelsame | Earns nothing | Earns nothing | |
| Bills and recharges | Earns nothing | 0.17% | |
| Rent | 2.4% | Earns nothing | |
| Insurance premiums | Earns nothing | 0.17% | |
| School and college fees | 2.4% | 0.17% | |
| Wallet top-ups | Earns nothing | 0.17% | |
| Taxes and government paymentssame | Earns nothing | Earns nothing | |
| Spend abroad or in a foreign currency | 2.4% | 0.17% | |
| Everything else | 2.4% | 0.17% | |
| Card identity | |||
| Card type | Rewards | Dining | |
| Network | Mastercard | Visa | |
| Card tier | Premium | Entry | |
| Fees | |||
| Joining fee | ₹12,500 + GST | ₹499 + GST | |
| Annual fee | ₹12,500 + GST | ₹499 + GST | |
| Fee waived at | ₹25,00,000 | ₹1,00,000 | |
| Eligibility | |||
| Min age | 18 years | - | |
| Max age | 70 years | - | |
| Employment typesame | BOTH | BOTH | |
| Min monthly salary | ₹2,00,000 | - | |
| Rewards | |||
| Reward typesame | Reward points | Reward points | |
| Point valuesame | ₹0 | ₹0 | |
| Fuel surcharge | |||
| Fuel surcharge waiversame | Yes | Yes | |
| Fuel waiver cap | - | ₹100 | |
| Lounge access | |||
| Domestic lounge unlimited | Yes | No | |
| International lounge unlimited | Yes | No | |
| Guest lounge visits | 4 | - | |
| Lounge programme | PRIORITY_PASS | - | |
| Priority Pass | Yes | No | |
| Lounge condition | Spend Rs 50,000 in the previous quarter for domestic lounge access | - | |
| Forex and international | |||
| Forex markup | 2% | 3.5% | |
| Interest and charges | |||
| Interest rate (monthly) | 3% | 3.75% | |
| Interest rate (annual) | 36% | 45% | |
| Page content | |||
| Documents neededsame | PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph | PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph | |
| Apply | Apply Now | Apply Now | |
Worth in Rupees at ₹20,000 a Month
- Rewards a year
- ₹5,760
- Fee a year
- - ₹14,750
- You keep
- - ₹8,990
- Rewards a year
- ₹1,320
- Fee a year
- ₹0
- You keep
- ₹1,320
At this spend, SBI SimplySAVE Credit Card comes out ₹10,310 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
- High spenders above Rs 1.5 lakh a month
- Frequent travellers who use lounges
- People who book travel through Axis Travel EDGE
- First-time card users
- Families with regular grocery bills
- People who eat out often
Watch-Outs
- 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
- Very low rate outside 10X categories
- Accelerated points are capped monthly
- No lounge access
Card data sourced via CardAdvisor.in (Axis Bank Magnus Credit Card, SBI SimplySAVE 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 SBI SimplySAVE Credit Card?
SBI SimplySAVE Credit Card. SBI SimplySAVE Credit Card: ₹499; Axis Bank Magnus Credit Card: ₹12,500. Check whether a spend-based waiver applies before you decide.
Which is better for spending abroad?
Axis Bank Magnus Credit Card has the lowest forex markup. Axis Bank Magnus Credit Card: 2%; SBI SimplySAVE Credit Card: 3.5%. 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%, SBI SimplySAVE Credit Card 0.17%. Bonus categories, rates limited to named merchants and monthly caps change the picture, so compare the rewards by spend too.
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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Guides in Plain Words
Short reads that explain how it works before you decide.
- GuidesBest Credit Cards Under ₹1,000 a Year in India (2026)Credit cards with an annual fee of ₹1,000 or less (before GST) in 2026, ranked by the reward rate each bank states, with fee waivers.Read the guide →
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