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Comparison · हिन्दी

SC Ultimate vs Axis Magnus

Both cards compared on real rupee returns for best premium credit card India SC Ultimate flat rate vs Axis Magnus miles. We ran the numbers so you can make the right call.

Last updated: August 2026 · Based on current card terms
STANDARD C
ULTIMATE
ASHOK KUMAR
VS
AXIS
MAGNUS
ASHOK KUMAR
Our verdict
Standard Chartered Ultimate Credit Card wins for most people
Card A wins with ₹8,907 annual benefit versus Card B's ₹2,764, delivering superior value through consistent flat rewards and lower fees despite higher annual spend.
Side-by-side comparison
Standard Chartered Ultimate Credit Card ✓ Axis Magnus Credit Card
Annual benefit ₹8,907 ₹2,764
Annual feeThe yearly fee a bank charges for holding the card, often waived if you spend enough in a year.Full definition → ₹5,000 + taxes (6,000 welcome RP worth ₹6,000, offsets fee in Year 1) ₹12,500 + taxes (waived on ₹25L spend)
Reward rateCashback pays you directly in rupees; reward points need converting first, and their real value depends on the redemption ratio.Full definition → 3.33% on all eligible spends (5 RP per ₹150, 1 RP = ₹1); 2% forex; unlimited Priority Pass lounge access 12 EDGE Miles per ₹200; 5X on travel partners
Lounge accessFree entry to airport lounges, usually limited to a set number of visits per quarter or year.Full definition → 4 domestic visits/quarter (16/year); 1 international visit/month via Priority Pass (on ₹20,000 previous month spend) Unlimited (domestic + international)
Forex markupThe extra fee your bank adds on top of the real exchange rate for any spend in a foreign currency.Full definition → 2% 2%
Best for High spenders wanting the best flat reward rate in India with 1 RP = ₹1 redemption value Premium travel and miles
Min. incomeThe minimum income, credit score, and other conditions a bank requires before approving your application.Full definition → ₹24L+/year ₹18L+ per year
Credit scoreYour 3-digit credit score (300-900), higher scores make approval easier and can unlock better cards.Full definition → 750+ 750+
Apply now ↗ Full review →
Apply now ↗ Full review →
When each card wins
Standard Chartered Ultimate Credit Card
Choose Card A if you prioritize straightforward, predictable rewards across all spending categories with no complex tier structures. Ideal for those who value consistent cashback redemption and don't focus heavily on travel miles.
Axis Magnus Credit Card
Choose Card B only if you're a premium traveler accumulating significant miles on partner airlines and booking travel through specific channels where 5X rewards apply significantly.
Who should get which card
Get Standard Chartered Ultimate if you…
· Best flat 3.33% reward rate across all spending categories
· Lower ₹5,000 annual fee with first-year offset
· Guaranteed ₹1 = 1 RP redemption value without blackout dates
· Priority Pass lounge access for frequent travelers
Get Axis Magnus if you…
· Premium positioning with exclusive EDGE Miles currency
· 5X rewards on travel partners for maximum acceleration
· Fee waiver at ₹25L annual spend threshold
· Targeted for frequent luxury travelers booking via partners
Partner offer
IDFC FIRST Ashva Credit Card
Frequent travellers who book hotels and flights through the IDFC FIRST Bank app specifically, where the real redemption value is highest; weak for everyday spending outside the app
Apply now →
IDFC
ASHOK KUMAR

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Axis Magnus vs Kotak White Reserve →HDFC Regalia vs Axis Magnus →Axis Magnus vs Axis Bank Atlas →Axis ACE vs Axis Magnus →Best Dining Credit Cards →Best Travel Credit Cards →Best Shopping Credit Cards →
Frequently asked questions
Based on our analysis, Standard Chartered Ultimate Credit Card offers better annual returns for most spend profiles.
Standard Chartered Ultimate Credit Card has an annual fee of ₹5,000 + taxes (6,000 welcome RP worth ₹6,000, offsets fee in Year 1). Axis Magnus Credit Card has an annual fee of ₹12,500 + taxes (waived on ₹25L spend).
Standard Chartered Ultimate Credit Card offers 3.33% on all eligible spends (5 RP per ₹150, 1 RP = ₹1); 2% forex; unlimited Priority Pass lounge access. Axis Magnus Credit Card offers 12 EDGE Miles per ₹200; 5X on travel partners.
Standard Chartered Ultimate Credit Card lounge access: 4 domestic visits/quarter (16/year); 1 international visit/month via Priority Pass (on ₹20,000 previous month spend). Axis Magnus Credit Card lounge access: Unlimited (domestic + international).
Standard Chartered Ultimate Credit Card charges 2% forex markup. Axis Magnus Credit Card charges 2% forex markup.