Axis Bank Magnus vs SBI Cashback Card
Net value is estimated on a sample monthly spend, ranked by value not commission.
Verdict
On our reference spend profile, Axis Bank Magnus comes out ahead on estimated net value — about ₹31,339/yr more than the SBI Cashback Card. Your own spending pattern can change this — run the numbers in the rewards calculator.
| Attribute | Axis Bank Magnus Best value | SBI Cashback Card Popular |
|---|---|---|
| Issuer | Axis Bank | SBI Card |
| Annual fee | ₹12,500 / year | ₹999 / year |
| Welcome bonus | Luxury voucher worth ₹12,500 | — |
| Min. income (monthly) | INR 200,000 | INR 30,000 |
| Reward type | points | cashback |
| Headline rate | — | 5% cashback |
| Bonus categories | dining, travel, international | online, offline |
| Lounge access | Yes | No |
| Foreign tx fee | 2% | 3.5% |
| Est. net value / yr | ₹50,380 | ₹19,041 |
| Apply | Apply |
Frequently asked questions
- Axis Bank Magnus vs SBI Cashback Card: which is better?
- On our reference spend profile the Axis Bank Magnus delivers higher estimated net value than the SBI Cashback Card in India, so it wins on value. Your own spending pattern may change the result — run both through the rewards calculator.
- What is the annual fee difference between Axis Bank Magnus and SBI Cashback Card?
- Axis Bank Magnus: ₹12,500 / year. SBI Cashback Card: ₹999 / year.
- Which earns more rewards, Axis Bank Magnus or SBI Cashback Card?
- Axis Bank Magnus earns points; SBI Cashback Card earns 5% cashback. We rank by net value after fees, not headline rate alone.