Axis Bank Magnus Credit Card vs Axis Bank Select Credit Card

Only if you spend heavily. At ₹0.20 a point, Magnus earns about 1.2% on the first ₹1.5 lakh of eligible spend each calendar month, against Select's 1%, so the gap below that is small. Above ₹1.5 lakh a month Magnus earns about 3.5%, and Travel EDGE bookings earn about 6% on the first ₹2 lakh a month. Magnus also comes with a ₹12,500 welcome voucher (Luxe, The Postcard Hotels or Yatra) if you pay the joining fee and use the card within 30 days; Select gives 10,000 points worth ₹2,000.

Magnus: unlimited international visits with Priority Pass for the primary cardholder plus 4 guest visits a card year, and unlimited visits to Axis's listed domestic lounges once you've spent ₹50,000 in the previous 3 calendar months. Select gives 2 domestic visits a quarter on the same ₹50,000 rule, and 6 international visits a card year (12 in a year you spend over ₹3 lakh). Select's Priority Pass renews only after ₹3 lakh of spend in the previous card year. New cards of both are exempt from the ₹50,000 rule for their first months.

Both are open to apply for ages 18 to 70. Magnus needs a net salary or IT return of ₹24 lakh a year; Select a net income of ₹6 lakh a year. Both accept a payslip, Form 16 or IT return. For Axis Burgundy customers, Select is free, and Magnus is free for new Burgundy salary account customers with a net monthly salary credit of ₹2 lakh or more (no welcome voucher on that version).

Magnus's ₹12,500 fee is waived at ₹25 lakh of spend in the previous card year, and Select's ₹3,000 fee at ₹8 lakh. For both, rent, wallet loads, gift cards, utility and telecom bills, government payments, insurance, gold and jewellery, fuel, EMIs and cash withdrawals don't count. Magnus earns points on rent up to ₹50,000 a month; Select earns nothing on rent.