Axis Magnus vs SBI IRCTC Premier
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
SBI IRCTC Premier wins 5-4. Heavy IRCTC train booking users. 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 IRCTC Premier |
|---|---|---|
| Annual fee | · ₹12,500 | ₹1,499 |
| Joining fee | · ₹12,500 | ₹1,499 |
| Top reward rate | 12% (travel) | · 10% (travel) |
| Base reward rate | 4.8% | · 1.25% |
| Forex markup | 2% | · 3.5% |
| Welcome bonus | = 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher | = 1,500 reward points + waived first-year fee on ₹1L spend |
| Fee waiver threshold | · ₹2,500,000 / yr | ₹200,000 / yr |
| Min income | · ₹1,800,000 | ₹300,000 |
| Min credit score | · 780 | 740 |
| Editorial rating | 4.3/5 | · 3.9/5 |
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 IRCTC Premier
- 10% IRCTC reward points on train ticket bookings
- 1.25% on other spends
- 4 IRCTC lounge visits/year
- 1% transaction fee waiver on IRCTC site
FAQ
›Axis Magnus vs SBI IRCTC Premier: which is better?
SBI IRCTC Premier 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, SBI IRCTC Premier 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 IRCTC Premier: 1,500 reward points + waived first-year fee on ₹1L spend.