ICICI Bank Emeralde Credit Card vs Axis Bank Magnus 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.
Fees & Charges
Joining Fee
₹12,000 + GST
₹12,500 + GST
Renewal Fee
₹12,000 + GST
₹12,500 + GST
Spend Based Waiver
Annual fee waived on ₹10-15 lakh annual spends; monthly fee waived on ₹1 lakh monthly spends.
Annual fee of ₹12,500 + Taxes waived on spending ₹25 Lakhs in the preceding year.
Foreign Transaction Fees
2% of the transaction amount (some sources indicate 1.5%).
Reduced mark-up fee of 2% on foreign transactions.
Interest Rate (APR)
General finance charges: 3.75% or 3.40% per month. Cash advance: 3.75% or 1.99% per month.
3.0% per month (42.58% annually) on extended credit.
Rewards & Benefits
Welcome Bonus
American Express Cardholders receive a shopping voucher from TATA CLiQ worth ₹5,000 on their birthday.
Choose any one gift voucher worth INR 12,500 from Luxe, The Postcard Hotels, or Yatra.
Rewards Rate
Earn 4 Reward Points on every ₹100 domestic/international spend; 1 RP on Utility/Insurance.
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).
Reward Type
Reward Points
Reward Points
Reward Redemption Fee
₹99 + GST per reward redemption request.
Nil
Travel & Lifestyle
Domestic Lounge Access
Unlimited complimentary domestic airport lounge access for the primary Cardholder.
Unlimited complimentary visits to select airport lounges in India for primary and add-on cardholders.
International Lounge Access
Unlimited complimentary international airport lounge access for the primary Cardholder.
Unlimited complimentary international lounge visits for primary cardholder with Priority Pass, plus 4 guest visits.
Travel Benefits
Unlimited complimentary international and domestic airport lounge access; travel cancellation protection.
Unlimited lounge access (domestic & intl), complimentary 3rd-night stay & upgrades at Oberoi/Trident Hotels.
Movie Benefits
Buy one get one up to ₹750 off on movie/event tickets via BookMyShow, up to 4 times monthly.
Not Applicable
Dining Benefits
Minimum 15% discount on dining bills at partnered restaurants through the Culinary Treats Programme.
Upto 30% discount (up to ₹500) at over 4000 restaurants across India via Axis Dining Delights.
Golf Benefits
Up to 4 complimentary golf rounds or lessons monthly, based on eligible previous month's spends.
4 complimentary green fees & 12 golf lessons per year for World Mastercard variant holders.
Fuel Surcharge Waiver
1% waiver on fuel transactions up to ₹4,000 at any fuel station across India.
1% fuel surcharge waiver (₹400-₹4000 transactions), max waiver ₹400 per month.
Security & Other
Insurance Benefits
₹3 Crore Air Accident Insurance, ₹50,000 Credit Shield, and comprehensive international travel insurance.
Credit Shield ₹5L, Purchase protection ₹2L, Credit Liability coverage, Lost/Delayed Baggage $500.
Cash Advance Charges
Nil cash advance charges, but interest rates apply immediately from the transaction date.
Nil (Interest charges applicable).