Axis Magnus vs Kotak Royale Signature
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
Kotak Royale Signature wins 5-4. Mid-tier shopping/dining card with solid fee waiver economics. 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 | Kotak Royale Signature |
|---|---|---|
| Annual fee | · ₹12,500 | ₹999 |
| Joining fee | · ₹12,500 | ₹999 |
| Top reward rate | 12% (travel) | · 4% (shopping) |
| Base reward rate | 4.8% | · 1% |
| Forex markup | 2% | · 3.5% |
| Welcome bonus | = 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher | = 2,000 reward points worth ₹500 + Pizza Hut voucher |
| Fee waiver threshold | · ₹2,500,000 / yr | ₹250,000 / yr |
| Min income | · ₹1,800,000 | ₹300,000 |
| Min credit score | · 780 | 740 |
| Editorial rating | 4.3/5 | · 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
Kotak Royale Signature
- 4 reward points per ₹150 on shopping + dining
- 1 reward point per ₹150 on other spends
- 2 complimentary domestic lounge visits per quarter
- Buy-1-get-1 movie ticket at PVR (Tuesdays)
- 1% fuel surcharge waiver
FAQ
›Axis Magnus vs Kotak Royale Signature: which is better?
Kotak Royale Signature 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 Axis Magnus for its best categories, Kotak Royale Signature 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. Kotak Royale Signature: 2,000 reward points worth ₹500 + Pizza Hut voucher.