Axis Magnus vs Amex Platinum ReserveSM – Check the below for a comparison between Amex Platinum ReserveSM vs Axis Magnus Credit Card
Axis Magnus vs Amex Platinum ReserveSM
Table of Contents
Overview of Axis Magnus Credit Card
Geared towards high-earning individuals seeking an opulent way of life, this premium card from the bank comes with a membership fee of Rs. 12,500.
Despite the initial cost, it unlocks a host of upscale travel, lifestyle, dining, and insurance advantages.
The card grants privileged holders entry to airport lounges domestically and internationally, complemented by a 24*7 concierge service.
Furthermore, elite patrons can engage in international transactions with a nominal 2% Forex Markup fee.
Overview of Amex Platinum ReserveSM credit card
The American Express Platinum ReserveSM Credit Card caters to individuals in pursuit of opulent experiences and appreciates exclusive advantages.
With its enticing rewards program, travel advantages, dining privileges, and lifestyle perks, the card stands as an appealing choice for those who relish premium indulgences.
Furthermore, the inclusion of a concierge service and comprehensive insurance coverage enhances the cardholder’s lifestyle with added convenience and security.
Axis Magnus vs Amex Platinum ReserveSM
| Features/Charges | Axis Bank Magnus Credit Card | Amex Platinum ReserveSM |
|---|---|---|
| Joining Fees | Rs. 10,000 + Taxes | Rs. 5,000 |
| Annual Fees | Rs. 10,000 + Taxes | Rs. 5,000 |
| Welcome Benefits | Upon activating your Axis Bank Magnus card for the first time, you can enjoy a welcome benefit, offering you a choice between a Tata Cliq Voucher worth Rs. 10,000 or a free domestic flight ticket. | Upon payment of the joining fee, you’ll receive a welcoming gift in the form of 11,000 bonus Membership Rewards Points. To qualify, you need to make a minimum expenditure of Rs. 30,000 within the initial 90 days from the issuance of the card. |
| Cashback / Rewards point | Obtain 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases made using this card. Benefit from 5X Edge Rewards on travel expenses through TRAVEL EDGE, and receive 2X Axis EDGE REWARDS Points for transactions at Yatra, MakeMyTrip, GoIbibo, and other affiliated platforms. | Earn 1 Membership Reward Point for every Rs. 50 spent using the card, excluding expenditures on fuel, utilities, insurance, cash transactions, and EMI conversions at Point of Sale. |
| Dining benefits | Take advantage of discounts reaching up to 25% at over 600 five-star restaurants in India*. Moreover, avail yourself of savings up to 20% at over 4,000 dining venues nationwide | Enjoy complimentary access to domestic lounges every year, receive Priority Pass membership, and get a complimentary Taj Epicure Membership. |
| Travel benefits | Receive unrestricted entry to domestic airport lounges every year. Furthermore, indulge in limitless complimentary visits to international lounges annually with Priority Pass*. | Receive annual access to domestic lounges at no cost, along with a membership to Priority Pass and a complimentary Taj Epicure Membership. |
| Annual fees waiver | The yearly fee is nullified – Renewal fees are not applicable when your expenditure in the last 12 months reaches a minimum of Rs. 15 lakhs. | N/A |
| Fuel surcharge waiver | This credit card provides a waiver of 1% on fuel surcharges at all fuel stations throughout India for transactions falling between Rs. 400 and Rs. 4,000 (with a maximum waiver of Rs. 400 per month)*. | Transactions up to Rs. 5,000 at HPCL fuel stations are exempted from charges, a 1% surcharge applies at BPCL and IOCL stations, while all other fuel stations across India incur a 2.5% surcharge when using this credit card. |
