What are the annual fees for Axis Bank Magnus Credit Card and ICICI Bank Emeralde Credit Card?

Axis Bank Magnus Credit Card has ₹12,500 + GST. ICICI Bank Emeralde Credit Card has ₹12,000 + GST. Fees are shown before 18% GST, which is added on the bill.

What base reward rate does each card earn?

Axis Bank Magnus Credit Card earns about 1.2% on general spends; ICICI Bank Emeralde Credit Card earns about 1%. Category and partner rates may differ — see the table above.

What is the forex markup on each card?

Axis Bank Magnus Credit Card: 2%. ICICI Bank Emeralde Credit Card: 2% (plus 18% GST on the markup).

Do both cards include airport lounge access?

Axis Bank Magnus Credit Card: yes — see the lounge row above for limits. ICICI Bank Emeralde Credit Card: yes — see the lounge row above for limits.

Card Comparison

Axis Magnus vs ICICI Emeralde

The key difference: 1.2% vs 1% effective rate. Axis Magnus vs ICICI Emeraldecompared side by side on fees, reward rates, caps, exclusions, and eligibility — weigh each against how you actually spend.

Axis Bank Magnus

Axis Bank

Fee₹12,500+GST

Eff. rate1.2%

CapCategory

Fee

₹12,500+GST

Eff. rate

1.2%

Cap

How they compare

Axis Magnus and ICICI Emeraldesuit different spending patterns, so the right pick depends on where and how much you spend — the headline difference is called out at the top. Use the table below to weigh fees, reward rates, caps, and exclusions against your own usage.

At a glance

Axis Magnus

Annual fee: ₹12,500 + GST
Everyday rate: 1.2%
Monthly cap: No cap

Notable strengths

No monthly reward cap

ICICI Emeralde

Annual fee: ₹12,000 + GST
Everyday rate: 1%
Monthly cap: No cap

Notable strengths

No monthly reward cap

Each card's own strengths — not a ranking. Weigh them against where you actually spend.

52 specs · 13 sections

Axis Bank Magnus

ICICI Bank Emeralde

Feature

Axis Bank Magnus

ICICI Bank Emeralde

Annual Fee

₹12,500

₹12,000

Joining Fee

₹12,500

₹12,000

Fee Waiver Spend

₹25,00,000

₹10,00,000

Forex Markup

Reward Type

Reward Points

Base Rate

1.2%

Effective Base Rate

1.2%

Point Value

₹0.2

₹0.25

Redemption Quality

MEDIUM

Best Redemption

₹0.4

₹0.35

Worst Redemption

₹0.15

Grocery / Supermarkets

1.2%

Fuel / Petrol / Diesel / CNG

0% (Excluded)

Restaurants / Dine-in

1.2%

Flights, Hotels, OTAs, Tour Operators

Other Retail / Catch-all

1.2%

Monthly Cap

Category caps apply

No cap

Est. Annual Cap

Category caps apply

No cap

Total Excluded

9 categories

0 categories

Fuel / Petrol / Diesel / CNG

Excluded

Earns rewards

Gold / Jewellery

Excluded

Earns rewards

Electricity, Water, Gas, Internet, DTH, Mobile Recharge

Excluded

Earns rewards

Insurance Premiums

Excluded

Earns rewards

Domestic Visits/Year

-1

International Visits/Year

-1

Priority Pass

Yes

Est. Annual Value

₹10,230

Forex Markup

International Rate

Yes

Description

Choice of Luxe gift card, The Postcard Hotels voucher, or Yatra voucher worth ₹12,500

—

Estimated Value

₹12,500

—

Fuel Surcharge Waiver

Yes

Best Suited For

Travel, Dining, Shopping

Movies, Travel, Shopping

Min Income

₹2,00,000/month

₹1,50,000/month

Income Proof

Required

Secured FD

Accepting Applications

Yes

Network

Visa, Mastercard

Visa, Mastercard, American Express

Card Tier

Super Premium

Signature

Gaming platforms (Dream11, MPL, Rummy Culture, Junglee Games)

None

2% surcharge

Third-party wallet loads > ₹5,000

None

1% surcharge

Transport > ₹50,000

None

1% surcharge

Still weighing your options?

Other popular matchups to line up against your shortlist.

Frequently asked questions

What are the annual fees for Axis Bank Magnus Credit Card and ICICI Bank Emeralde Credit Card?: Axis Bank Magnus Credit Card has ₹12,500 + GST. ICICI Bank Emeralde Credit Card has ₹12,000 + GST. Fees are shown before 18% GST, which is added on the bill.
What base reward rate does each card earn?: Axis Bank Magnus Credit Card earns about 1.2% on general spends; ICICI Bank Emeralde Credit Card earns about 1%. Category and partner rates may differ — see the table above.
What is the forex markup on each card?: Axis Bank Magnus Credit Card: 2%. ICICI Bank Emeralde Credit Card: 2% (plus 18% GST on the markup).
Do both cards include airport lounge access?: Axis Bank Magnus Credit Card: yes — see the lounge row above for limits. ICICI Bank Emeralde Credit Card: yes — see the lounge row above for limits.

Reviewed by WhichWise Editorial Team. Each card's data is verified against the issuer's official terms.

Sources: Axis Bank - Axis Magnus · ICICI Bank - ICICI Emeralde