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Axis Magnus vs SBI Cashback Card

Compare Axis Magnus vs SBI Cashback Card across fees, rewards, cashback, lounge access, and eligibility to shortlist the best fit.

Comparison cockpit

Futuristic side-by-side card intelligence

Axis Magnus leads on reward rate, while SBI Cashback Card has the lowest annual fee.

Card 1

Axis Magnus

Frequent travelers who can use lounge visits, lower forex friction, and premium trip benefits.10.0

Card 2

SBI Cashback Card

Monthly spenders who want visible cashback without chasing complex reward conversions.6.0
Axis Magnus
Premium stack10.0

axis / VISA

Axis Magnus

Annual

₹12,500

Return

7%

Lounges

Unlimited

Forex

2%

Card summary
  • Axis Magnus leans travel and lifestyle with ₹12,500 annual fee, 7% headline return potential, and Unlimited lounge access.
Pros
  • Strong benefit ceiling if you recover the ₹12,500 annual fee.
  • 7% reward rate can outperform flat cashback for loyal users.
  • Unlimited lounge access adds travel utility.
Cons
  • Low forex markup matters mainly if you travel internationally.
  • Higher ₹24,00,000 income expectation narrows eligibility.
  • Travel value depends on actually using lounge and trip perks.
Best for

Frequent travelers who can use lounge visits, lower forex friction, and premium trip benefits.

Value profile

Best when annual benefits are actively redeemed.

Full card details
SBI Cashback Card
Balanced value6.0

sbi / VISA

SBI Cashback Card

Annual

₹999

Return

5%

Lounges

0

Forex

3.5%

Card summary
  • SBI Cashback Card leans cashback-first with ₹999 annual fee, 5% headline return potential, and 0 lounge access.
Pros
  • Strong benefit ceiling if you recover the ₹999 annual fee.
  • 5% cashback keeps value easy to understand.
  • Simple everyday positioning without premium travel complexity.
Cons
  • 3.5% forex markup can reduce overseas value.
  • Eligibility still depends on bank policy and credit history.
  • Travel benefits are limited compared with premium cards.
Best for

Monthly spenders who want visible cashback without chasing complex reward conversions.

Value profile

Balanced fee-to-benefit setup for regular card users.

Full card details
Metric
Axis Magnus
SBI Cashback Card
Fees
Annual fee
₹12,500
₹999
Joining fee
₹12,500
₹999
Rewards
Cashback rate
1%
5%
Reward rate
7%
1%
Travel
Forex markup
2%
3.5%
Domestic lounges
Unlimited
0
International lounges
12
0
Benefits
Fuel waiver
Yes
Yes
Dining
Yes
No
Movies
Yes
No
Eligibility
Minimum income
₹24,00,000
₹5,00,000

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