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SBI SimplyCLICK 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.

Features

SBI SimplyCLICK Credit Card
SBI SimplyCLICK Credit Card
Axis Bank Magnus Credit Card
Axis Bank Magnus Credit Card

Fees & Charges

Joining Fee
₹499 + GST
₹12,500 + GST
Renewal Fee
₹499 + GST
₹12,500 + GST
Spend Based Waiver
Renewal fee waived if annual spends for previous year are ₹1,00,000 or more.
Annual fee of ₹12,500 + Taxes waived on spending ₹25 Lakhs in the preceding year.
Foreign Transaction Fees
3.5% of the total transaction amount.
Reduced mark-up fee of 2% on foreign transactions.
Interest Rate (APR)
3.75% per month (45% annually).
3.0% per month (42.58% annually) on extended credit.

Rewards & Benefits

Welcome Bonus
Amazon.in gift card worth ₹500 upon payment of annual fee.
Choose any one gift voucher worth INR 12,500 from Luxe, The Postcard Hotels, or Yatra.
Rewards Rate
Earn 10X Reward Points on exclusive online partners, 5X on other online spends, and 1 RP per ₹100 on offline spends.
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 applies for redeeming reward points.
Nil

Travel & Lifestyle

Domestic Lounge Access
Not Applicable
Unlimited complimentary visits to select airport lounges in India for primary and add-on cardholders.
International Lounge Access
Not Applicable
Unlimited complimentary international lounge visits for primary cardholder with Priority Pass, plus 4 guest visits.
Travel Benefits
10X Reward Points on Cleartrip & Yatra; e-vouchers worth ₹2,000 each from Cleartrip/Yatra on milestones.
Unlimited lounge access (domestic & intl), complimentary 3rd-night stay & upgrades at Oberoi/Trident Hotels.
Movie Benefits
10X Reward Points on BookMyShow spends.
Not Applicable
Dining Benefits
10X Reward Points on Dominos and Swiggy spends.
Upto 30% discount (up to ₹500) at over 4000 restaurants across India via Axis Dining Delights.
Golf Benefits
Not Applicable
4 complimentary green fees & 12 golf lessons per year for World Mastercard variant holders.
Fuel Surcharge Waiver
1% waiver on transactions between ₹500-₹3,000, capped at ₹100 per cycle.
1% fuel surcharge waiver (₹400-₹4000 transactions), max waiver ₹400 per month.

Security & Other

Insurance Benefits
Not Applicable
Credit Shield ₹5L, Purchase protection ₹2L, Credit Liability coverage, Lost/Delayed Baggage $500.
Cash Advance Charges
2.5% of withdrawal amount, subject to a minimum fee of ₹500.
Nil (Interest charges applicable).
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

SBI SimplyCLICK Credit Card

Axis Bank Magnus Credit Card

Who is it for?

The SBI SimplyCLICK Credit Card is an excellent entry-level shopping card, especially for online shoppers, offering accelerated reward points on popular brands. With an affordable annual fee of ₹499, which is easily reversible, it helps maximize savings on digital transactions. New cardholders get a ₹500 Amazon gift card, effectively offsetting the first year's fee, and milestone benefits add further value through travel e-vouchers. It's ideal for building credit and offers great utility for everyday online purchases.

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.

Pros

Key benefits and features.

Excellent accelerated reward program for online shopping, with up to 10X points on partner brands.

Affordable annual fee of ₹499, easily waived by spending ₹1 lakh annually, making it cost-effective.

Welcome Amazon gift card worth ₹500 effectively offsets the first year's annual fee immediately.

Valuable milestone e-vouchers from Cleartrip/Yatra on achieving specific annual spending goals.

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.

Cons

Key drawbacks and limitations.

Lacks complimentary domestic or international airport lounge access, limiting benefits for travelers.

Does not provide explicit insurance benefits, which is a common feature in many other cards.

Reward redemption options are somewhat limited, potentially reducing flexibility for cardholders.

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.

Ready to Choose?

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