HORIZON Credit Card
Rs 3,000Annual fee
8Domestic lounge
Domestic lounge conditions
- 2 complimentary domestic lounge visits per quarter (8 per year)
- 2 complimentary international lounge visits per quarter (8 per year)
3.5%Forex markup
Best for
Travel, Airlines, Travel EDGE, Lounge, Miles
Top rewards
Travel EDGE And Airline Websites: 5 EDGE Miles / ₹100 spent on Travel EDGE and airline websites; Other Eligible Retail Spends: 2 EDGE Miles / ₹100 spent
MAGNUS Credit Card
Rs 12,500Annual fee
Rs 25,00,000Fee waiver spend
UnlimitedDomestic lounge
Domestic lounge conditions
- Domestic lounge access requires minimum spends of ₹50,000 in the previous 3 calendar months; the spend condition is waived for the month of issuance plus the next 3 calendar months.
- Unlimited domestic and international lounge access applies to primary cardholder; guest visits are limited to 4 domestic guest visits per calendar year and 4 international guest visits per card anniversary year on Priority Pass.
2%Forex markup
Best for
Travel, Lounge, Premium, Travel EDGE, High Spends
Top rewards
Travel EDGE: 60 EDGE REWARD Points / ₹200 upto ₹2 lakh per calendar month, then 35 EDGE REWARD Points / ₹200; Eligible Spends Up To ₹1.5 Lakh Per Calendar Month: 12 EDGE REWARD Points / ₹200; Eligible Incremental Spends Above ₹1.5 Lakh Per Calendar Month: 35 EDGE REWARD Points / ₹200
| Feature | HORIZON Credit Card | MAGNUS Credit Card |
|---|---|---|
| Issuer | Axis Bank | Axis Bank |
| Network | Visa | Visa |
| Joining fee | Rs 3,000 | Rs 12,500 |
| Annual fee | Rs 3,000 | Rs 12,500 |
| Fee waiver spend | - | Rs 25,00,000 |
| Reward type | EDGE Miles | EDGE Reward Points |
| Best for | Travel, Airlines, Travel EDGE, Lounge, Miles | Travel, Lounge, Premium, Travel EDGE, High Spends |
| Top reward categories | Travel EDGE And Airline Websites: 5 EDGE Miles / ₹100 spent on Travel EDGE and airline websites; Other Eligible Retail Spends: 2 EDGE Miles / ₹100 spent | Travel EDGE: 60 EDGE REWARD Points / ₹200 upto ₹2 lakh per calendar month, then 35 EDGE REWARD Points / ₹200; Eligible Spends Up To ₹1.5 Lakh Per Calendar Month: 12 EDGE REWARD Points / ₹200; Eligible Incremental Spends Above ₹1.5 Lakh Per Calendar Month: 35 EDGE REWARD Points / ₹200 |
| SmartBuy / accelerated caps | Not Listed | Not Listed |
| Domestic lounge | 8 | Unlimited |
| International lounge | 8 | Unlimited |
| Forex markup | 3.5% | 2% |
| Milestone benefits | 1,500 EDGE Miles renewal benefit from the second card anniversary year onward | Annual fee waiver on spends of ₹25 lakh in the preceding card anniversary year, For eligible older customers, historical waiver thresholds may differ as per Axis terms |
| Redemption | Travel EDGE travel: upto ₹ 1 per point; Air miles: upto ₹ 1 per point | Air miles: upto ₹ 0.4 per point; Statement credit: upto ₹ 0.2 per point |
| Key exclusions | Fuel transactions, Rent payments, E-wallet loading transactions, Insurance premium payments, Utilities and telecom spends, Government services spends | utility and telecom spends, wallet loads, government spends, insurance, gold and jewellery, fuel |