Axis Bank Magnus Credit Card vs SBI Cashback Credit Card— Detailed Comparison 2026
If you are deciding between Axis Bank Magnus Credit Card and SBI Cashback Credit Card, you are not alone — this is one of the most popular credit card comparisons in India. We have analyzed both products across all key parameters so you can see exactly how they stack up against each other.
SBI Cashback Credit Card
SBI Card
★★★★★4.2
Online shoppers who prefer direct cashback over points
Feature-by-Feature Comparison
| Feature | Axis Bank Magnus Credit Card | SBI Cashback Credit Card | Winner |
|---|---|---|---|
| Joining Fee | ₹12,500 | ₹999 | SBI Card |
| Annual Fee | ₹12,500 | ₹999 | SBI Card |
| Annual Fee Waiver | Waived on annual spends of Rs 25 lakh | Waived on annual spends of Rs 2 lakh | Tie |
| Reward Rate | 12 EDGE reward points per Rs 200 spent | 5% cashback on online, 1% on all other spends | Tie |
| Reward Point Value | 1 EDGE point = Rs 0.50 (up to Rs 1 via transfers) | Direct cashback | Tie |
| Welcome Bonus | 12,500 EDGE reward points on joining | Rs 500 cashback on first spend of Rs 2,000 within 60 days | Tie |
| Lounge Access | Unlimited domestic and international lounge access via Priority Pass | No lounge access | Tie |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver | 1% fuel surcharge waiver up to Rs 100/month | Tie |
| Foreign Transaction Fee | 2% + GST | 3.5% + GST | Tie |
| Interest Rate (APR) | 3.4% per month (40.8% per annum) | 3.5% per month (42% per annum) | Tie |
| Minimum Income | ₹24 Lakh | ₹5 Lakh | SBI Card |
| Contactless Payment | ✔ | ✔ | Tie |
| Add-On Card | ✔ | ✔ | Tie |
| Card Network | Visa | Visa | Tie |
| Best For | High spenders and frequent flyers | Online shoppers who prefer direct cashback over points | Tie |
| Overall Rating | ★★★★★★4.6 | ★★★★★4.2 | Axis Bank |
Pros & Cons
Axis Bank Magnus Credit Card
+Advantages
- ✔12 EDGE reward points per Rs 200 — high reward rate
- ✔Unlimited domestic and international lounge access
- ✔Meet and Greet at 8 Indian airports
- ✔Transfer points to 15+ airline and hotel partners
−Disadvantages
- ✘Annual fee of Rs 12,500
- ✘Requires very high annual spends for fee waiver
- ✘EDGE points devaluation risk
SBI Cashback Credit Card
+Advantages
- ✔5% cashback on online spends
- ✔1% cashback on all other spends
- ✔No reward point hassle — direct cashback
- ✔Low annual fee of Rs 999
- ✔Wide SBI network for easy application
−Disadvantages
- ✘Cashback capped at Rs 5,000 per month
- ✘No lounge access
- ✘Minimum spend of Rs 2,000 per month for cashback eligibility
Our Verdict: Axis Bank Magnus Credit Card vs SBI Cashback Credit Card
Based on our analysis, Axis Bank Magnus Credit Card edges ahead with a rating of 4.6/5 compared to SBI Cashback Credit Card's 4.2/5. With a difference of 0.4 points, Axis Bank Magnus Credit Card offers a stronger overall package. However, SBI Cashback Credit Card may be better suited for specific use cases — review the feature-by-feature comparison above to decide what works best for your needs.
Frequently Asked Questions
Which is better — Axis Bank Magnus Credit Card or SBI Cashback Credit Card?▾
Based on our analysis, Axis Bank Magnus Credit Card scores higher with 4.6/5 compared to SBI Cashback Credit Card's 4.2/5. However, the best choice depends on your specific requirements and priorities.
What is the difference between Axis Bank Magnus Credit Card and SBI Cashback Credit Card?▾
Axis Bank Magnus Credit Card and SBI Cashback Credit Card differ in several key areas including pricing, features, and target audience. Axis Bank Magnus Credit Card is best for High spenders and frequent flyers, while SBI Cashback Credit Card is best for Online shoppers who prefer direct cashback over points. See the detailed comparison above for a feature-by-feature breakdown.
Is Axis Bank Magnus Credit Card worth it in 2026?▾
Axis Bank Magnus Credit Card carries a rating of 4.6/5 on IndiaBestProducts. It is considered a strong option in the Credit Card space. Review the pros and cons listed above to see if it matches your specific needs.
Is SBI Cashback Credit Card worth it in 2026?▾
SBI Cashback Credit Card has a rating of 4.2/5. It is recognized for its competitive features in the Credit Card category. Check the detailed specs above to determine if it suits your requirements.
Can I compare more than two credit card products?▾
Yes! Use our interactive comparison tool at /compare to compare up to 3 credit card products side by side. Select your preferred products and get an instant feature-by-feature comparison.
Read Full Reviews
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