Axis Magnus vs SBI ELITE
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
SBI ELITE wins 6-2. Mid-premium SBI card with strong club benefits. Axis Magnus is still the right call if high-spenders post-2024 devaluation, still solid for ₹2l+/month travel..
Side-by-side
| Criterion | Axis Magnus | SBI ELITE |
|---|---|---|
| Annual fee | · ₹12,500 | ₹4,999 |
| Joining fee | · ₹12,500 | ₹4,999 |
| Top reward rate | 12% (travel) | · 2% (general) |
| Base reward rate | 4.8% | · 2% |
| Forex markup | = 2% | = N/A |
| Welcome bonus | = 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher | = 5,000 bonus reward points + ₹5,000 e-gift voucher |
| Fee waiver threshold | · ₹2,500,000 / yr | ₹1,000,000 / yr |
| Min income | · ₹1,800,000 | ₹600,000 |
| Min credit score | · 780 | 770 |
| Editorial rating | · 4.3/5 | 4.4/5 |
Benefits compared
Axis Magnus
- 12 EDGE points per ₹200 on travel via TravelEdge portal
- 4.8 EDGE points per ₹200 on general spend
- Unlimited international + domestic lounge access (Priority Pass)
- Buy 1 get 1 BookMyShow tickets monthly (capped 5)
- Annual ₹10,000 milestone vouchers from Tata CLiQ
- Concierge 24x7 + golf 4x/month
SBI ELITE
- 2 reward points per ₹100
- Free movie tickets (BookMyShow) up to ₹6K/year
- 6 international + 8 domestic lounge visits/year
- Trident Privilege Red membership
- Milestone benefits at ₹3L, ₹4L, ₹5L
FAQ
›Axis Magnus vs SBI ELITE: which is better?
SBI ELITE wins on more dimensions (6 vs 2). But the right answer depends on your specific spending pattern. Run your own monthly spend through the maximizer to see which one pays you more.
›Can I get both?
Yes, if your credit profile supports it, holding both is the optimal play. Use Axis Magnus for its best categories, SBI ELITE for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
Axis Magnus: 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher. SBI ELITE: 5,000 bonus reward points + ₹5,000 e-gift voucher.