CardHungry · fee honesty check
Is Axis Bank Magnus Credit Card annual fee worth it?
On a moderate spend, Axis Bank Magnus Credit Card shows ~-₹4,622 net annual value against a ₹12,500 fee — verdict: Not worth it. We only call paid fees worth it at ≥1.5× net cover.
Run your own spend below. Steady year is the honest test; toggle Year 1 if you’re weighing a welcome bonus.
Last verified: 2026-10-12 · How we calculate NAV
Annual fee
₹12,500
Waiver around ₹25,00,000/year
Net value (moderate)
-₹4,622
Steady year · CardHungry moderate preset
Verdict
Worth-it bar: ₹22,125 ( 1.5× fee )
Same spend — cards near Axis Bank Magnus Credit Card
Top alternatives on the moderate preset. Spoke pages when available; otherwise card detail.
HSBC Live+ Credit Card
₹999 fee / yr
₹14,700
PhonePe SBI Card SELECT BLACK
₹1,499 fee / yr
₹6,697
Axis Bank Airtel Credit Card
₹500 fee / yr
₹6,468
Engine NAV only — soft perks not included here.
Axis Bank Magnus Credit Card fee — common questions
What is the Axis Bank Magnus Credit Card annual fee?+
Axis Bank Magnus Credit Card lists a face annual fee of ₹12,500 in our catalog (verify on the issuer site). We subtract the effective fee after any spend waiver when scoring net value.
How do I waive the Axis Bank Magnus Credit Card annual fee?+
Our research shows a waiver gate of ₹25,00,000. Hit that annual spend and the renewal fee may drop to zero — the live calculator shows whether you’re there on your mix.
Should I pick a lifetime-free card instead of Axis Bank Magnus Credit Card?+
Compare net value on the same spend. If Axis Bank Magnus Credit Card is borderline or negative after the 1.5× bar, a strong LTF often wins — use the ranking and alternatives above.
When is Axis Bank Magnus Credit Card worth the fee?+
When adjusted net annual value is at least 1.5× the fee you actually pay (bar ~₹22,125 on moderate). On that preset, Axis Bank Magnus Credit Card lands around -₹4,622 steady / ₹5,628 in Year 1.
What should I compare Axis Bank Magnus Credit Card against?+
Start with HSBC Live+ Credit Card and PhonePe SBI Card SELECT BLACK on the same spend, then open the hub calculator to stress-test Heavy or UPI-heavy mixes.