Head-to-head · 🇮🇳 India
AU Bank LIT vs Axis Magnus
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
AU Small Finance Bank
AU Bank LIT
VISA
Wins 5 of 10
IN
Premium
Axis Bank
Axis Magnus
Wins 4 of 10
Verdict
AU Bank LIT wins 5-4. Pick-your-own-categories — toggle 5x on the categories you spend in. Axis Magnus is still the right call if high-spenders post-2024 devaluation — still solid for ₹2l+/month travel..
Side-by-side
| Criterion | AU Bank LIT | Axis Magnus |
|---|---|---|
| Annual fee | No annual fee | · ₹12,500 |
| Joining fee | None | · ₹12,500 |
| Top reward rate | · 1% (general) | 12% (travel) |
| Base reward rate | · 1% | 4.8% |
| Forex markup | · 3.5% | 2% |
| Welcome bonus | = Customizable category boosts at sign-up | = 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher |
| Fee waiver threshold | · N/A (no fee) | ₹2,500,000 / yr |
| Min income | ₹360,000 | · ₹1,800,000 |
| Min credit score | 720 | · 780 |
| Editorial rating | 4.4/5 | · 4.3/5 |
Benefits compared
AU Bank LIT
- Customize 1 of 8 spend categories at any time
- 5x reward points on chosen category
- 1% fuel surcharge waiver
- 4 free domestic lounge visits/year
- No annual fee, ever
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
FAQ
›AU Bank LIT vs Axis Magnus: which is better?
AU Bank LIT wins on more dimensions (5 vs 4). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use AU Bank LIT for its best categories, Axis Magnus for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
AU Bank LIT: Customizable category boosts at sign-up. Axis Magnus: 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher.