Axis Magnus vs SBI BPCL Octane
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
SBI BPCL Octane wins 6-3. Highest fuel cashback in India — 7.25% effective at BPCL pumps. 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 BPCL Octane |
|---|---|---|
| Annual fee | · ₹12,500 | ₹1,499 |
| Joining fee | · ₹12,500 | ₹1,499 |
| Top reward rate | 12% (travel) | · 7.25% (fuel) |
| Base reward rate | 4.8% | · 1.25% |
| Forex markup | 2% | · 3.5% |
| Welcome bonus | = 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher | = 6,000 BPCL reward points (₹1,500 fuel value) |
| Fee waiver threshold | · ₹2,500,000 / yr | ₹200,000 / yr |
| Min income | · ₹1,800,000 | ₹360,000 |
| Min credit score | · 780 | 740 |
| Editorial rating | · 4.3/5 | 4.5/5 |
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 BPCL Octane
- 25 reward points per ₹100 at BPCL (~7.25% value)
- 10x rewards on dining + grocery + departmental
- 4 domestic lounge visits/year
- 1% fuel surcharge waiver
FAQ
›Axis Magnus vs SBI BPCL Octane: which is better?
SBI BPCL Octane wins on more dimensions (6 vs 3). 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, SBI BPCL Octane 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 BPCL Octane: 6,000 BPCL reward points (₹1,500 fuel value).