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Axis Bank Magnus Credit Card vs IDFC FIRST WOW Credit Card

Honest side-by-side comparison of Axis Bank Magnus Credit Card, IDFC FIRST WOW Credit Card — annual fees, reward rates, income eligibility, and estimated net annual value on the same spend profile.

Same spend profile for all cards. How we calculate net annual value

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Spend assumptions

All cards use the same monthly spend profile. Saved spends from the quiz or a card page load automatically.

Axis Bank Magnus Credit Card

Axis Bank

IDFC FIRST WOW Credit Card

IDFC FIRST Bank

Your adjusted comparison

Feature
Axis Bank Magnus Credit Card

Axis Bank Magnus Credit Card

Axis Bank

IDFC FIRST WOW Credit Card

IDFC FIRST WOW Credit Card

IDFC FIRST Bank

Fees & eligibility
Annual fee₹12,500Lifetime free
Fee waiver thresholdNo waiver publishedLifetime free
Min income₹1,00,000/moNot stated
Secured / FD-backedStandardFD-backed
Rewards
Net annual value (moderate)-₹11,102/yr₹620/yr
Travel₹3,000 → 180 pts/mo × ₹0.40/pt = ₹72/mo (₹864/yr)—
Top reward rate12 Edge Miles/₹2001X reward points
Primary reward capNo monthly cap publishedNo monthly cap published
Perks & restrictions
Lounge accessUnlimited domestic + 8 international/year · ₹50,000 spend in previous 3 calendar months for domestic lounge (waived first 3 months on new issuance)None
UPI rewardsNot supported (Visa/MC)Earns: Reward points on eligible spends via UPI and card · cap Lifetime-free; standard earn caps per IDFC T&Cs
Key exclusionsEMI · Fuel · Rent · Wallet · JewelleryNot stated
Bonuses
Signup bonus₹25,000—

Stack mode (hold both)

Holding both may not beat using only the better solo card on this spend.

Axis Bank Magnus Credit Card details →IDFC FIRST WOW Credit Card details →

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Reference summary

At a glance (moderate spend)

Quick verdict: On moderate spend, IDFC FIRST WOW Credit Card leads Axis Bank Magnus Credit Card by about ₹11,722/yr in estimated net value.

Spend assumptions for this table

Moderate user spend profile · ₹31,000/mo

₹31,000/month total spend — typical India user

Online ₹8,000 · Groceries ₹5,000 · Other ₹4,000 · Dining ₹3,500 · Bills ₹3,500

Axis Bank Magnus Credit Card vs IDFC FIRST WOW Credit Card comparison table
FeatureAxis Bank Magnus Credit Card

Axis Bank

IDFC FIRST WOW Credit Card

IDFC FIRST Bank

Fees & eligibility
Annual fee₹12,500Lifetime free
Fee waiver thresholdNo waiver publishedLifetime free
Min income₹1,00,000/moNot stated
Secured / FD-backedStandardFD-backed
Rewards
Net annual value (moderate)-₹11,102/yr₹620/yr
Travel₹3,000 → 180 pts/mo × ₹0.40/pt = ₹72/mo (₹864/yr)—
Top reward rate12 Edge Miles/₹2001X reward points
Primary reward capNo monthly cap publishedNo monthly cap published
Perks & restrictions
Lounge accessUnlimited domestic + 8 international/year · ₹50,000 spend in previous 3 calendar months for domestic lounge (waived first 3 months on new issuance)None
UPI rewardsNot supported (Visa/MC)Earns: Reward points on eligible spends via UPI and card · cap Lifetime-free; standard earn caps per IDFC T&Cs
Key exclusionsEMI · Fuel · Rent · Wallet · JewelleryNot stated
Bonuses
Signup bonus₹25,000—

Frequently asked questions

Which card has the lower annual fee?
IDFC FIRST WOW Credit Card has a ₹0 annual fee (lifetime free or zero-fee tier).
Which card earns more on moderate spend?
IDFC FIRST WOW Credit Card leads with an estimated ₹620/yr net annual value on moderate spend.
Which card has the lower income requirement?
Axis Bank Magnus Credit Card lists a minimum monthly income of ₹1,00,000.
Which cards are secured (FD-backed)?
IDFC FIRST WOW Credit Card is secured — useful for thin credit files without a bureau pull at application.
Does this comparison pull my credit score?
No. CardHungry estimates net value from public fee and reward rules only — no bureau check.

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