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Axis Bank Magnus Credit Card VS BOBCARD Tiara Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.

Features

Axis Bank Magnus Credit Card
Axis Bank Magnus Credit Card
BOBCARD Tiara Credit Card
BOBCARD Tiara Credit Card

Fees & Charges

Joining Fee
₹12,500 + GST
₹2,499 + GST
Renewal Fee
₹12,500 + GST
₹2,499 + GST
Spend Based Waiver
Annual fee of ₹12,500 + Taxes waived on spending ₹25 Lakhs in the preceding year.
Joining fee waived with ₹25,000 spend in 60 days. Annual fee waived with ₹2,50,000 spend.
Foreign Transaction Fees
Reduced mark-up fee of 2% on foreign transactions.
Reduced Forex mark-up of 2% on International Spends.
Interest Rate (APR)
3.0% per month (42.58% annually) on extended credit.
3.25% Per Month (39% Per Annum)

Rewards & Benefits

Welcome Bonus
Choose any one gift voucher worth INR 12,500 from Luxe, The Postcard Hotels, or Yatra.
Free Swiggy One, Fitpass Pro, Amazon Prime/Jio Hotstar memberships, plus a women's health package.
Rewards Rate
Earn 12 EDGE RPs per ₹200 (up to ₹1.5L monthly); 35 RPs per ₹200 (above ₹1.5L). 60 RPs on Travel Edge (up to ₹2L).
Earn 15 Reward Points per ₹100 on Dining, Travel & International; 3 RP per ₹100 on other spends.
Reward Type
Reward Points
Reward Points
Reward Redemption Fee
Nil
Not applicable (N/A)

Travel & Lifestyle

Domestic Lounge Access
Unlimited complimentary visits to select airport lounges in India for primary and add-on cardholders.
Unlimited domestic airport lounge access, conditional on ₹40,000 spend from Jan 1, 2025.
International Lounge Access
Unlimited complimentary international lounge visits for primary cardholder with Priority Pass, plus 4 guest visits.
No international airport lounge access is provided with this card.
Travel Benefits
Unlimited lounge access (domestic & intl), complimentary 3rd-night stay & upgrades at Oberoi/Trident Hotels.
Accelerated 5X Reward Points on travel, 2% Forex markup, and unlimited domestic lounge access.
Movie Benefits
Not Applicable
Flat ₹250 off on a minimum purchase of 2 movie/non-movie tickets with BookMyShow, quarterly.
Dining Benefits
Upto 30% discount (up to ₹500) at over 4000 restaurants across India via Axis Dining Delights.
Earn 15 RP/₹100 on dining, plus unlimited free deliveries with Swiggy One membership.
Golf Benefits
4 complimentary green fees & 12 golf lessons per year for World Mastercard variant holders.
Not Applicable
Fuel Surcharge Waiver
1% fuel surcharge waiver (₹400-₹4000 transactions), max waiver ₹400 per month.
1% waiver on transactions ₹400-₹5,000, max ₹250/cycle. No RPs on fuel transactions.

Security & Other

Insurance Benefits
Credit Shield ₹5L, Purchase protection ₹2L, Credit Liability coverage, Lost/Delayed Baggage $500.
Zero Liability cover on lost card upon immediate reporting of the loss.
Cash Advance Charges
Nil (Interest charges applicable).
Not applicable (N/A)
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

Axis Bank Magnus Credit Card

BOBCARD Tiara Credit Card

Who is it for?

The Axis Bank Magnus Credit Card is a super-premium offering tailored for high-income individuals seeking a luxurious lifestyle. It provides extensive travel and dining benefits, including unlimited domestic and international lounge access, attractive hotel offers, and significant reward earnings. Despite its fees, the card delivers substantial value through exclusive perks like a low foreign currency markup and robust insurance, making it a strong choice for affluent frequent travelers.

Who is it for?

The BOBCARD Tiara Credit Card empowers women with tailored rewards and benefits. It offers accelerated 5X Reward Points on dining, travel, and international spends, a low Forex markup of 2%, and valuable complimentary memberships. Enjoy unlimited domestic lounge access and UPI linking for convenient payments. The card's fees can be easily waived by meeting spending milestones, making it an excellent option for a lifestyle-focused credit card.

Pros

Key benefits and features.

Enjoy unlimited international and domestic airport lounge access, including guest visits.

Benefit from a low foreign currency markup of just 2% on all international transactions.

Receive robust insurance coverage like credit shield of ₹5 Lakhs and purchase protection.

Experience appealing welcome benefits with a gift voucher worth ₹12,500 on joining.

The World Mastercard variant offers exclusive golf privileges, including free rounds and lessons.

Pros

Key benefits and features.

The 2% Forex markup charge is lower than typical, making it competitive for international transactions.

The card offers accelerated reward points for international spends, enhancing its value.

Enjoy complimentary memberships to Swiggy One, FitPass Pro, Amazon Prime, and Gaana Plus annually.

A high reward rate of 3.75% on dining, travel, and international spends is very attractive.

Cons

Key drawbacks and limitations.

The card has a high annual income requirement of ₹24 Lakhs, limiting accessibility.

Some prior benefits, such as BOGO movie offers, were discontinued as of May 2024.

The reward point earning structure can be quite complex with varied rates and tiers.

Cons

Key drawbacks and limitations.

The BOBCARD Tiara does not offer international airport lounge access despite low Forex charges.

Domestic lounge access becomes conditional on spending ₹40,000 quarterly starting January 2025.

5X reward points on dining, travel, and international spends are capped at 5,000 points per cycle.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.