Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Axis Bank Magnus Credit Card vs ICICI Bank Coral RuPay Credit Card for ₹15,000 Monthly Spend
Comparing Axis Bank Magnus Credit Card vs ICICI Bank Coral RuPay Credit Card at ₹15,000/month. ICICI Bank Coral RuPay Credit Card wins, delivering ₹814 net annual value (0.45% ROI) vs ₹-10,344 for Axis Bank Magnus Credit Card.
Interactive Head-to-Head Simulator
Test Your Monthly Spend & Category Mix
Simulates real-world capping thresholds, 18% GST deductions, and bank waiver rules in real time.
₹15,000(₹1,80,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹15,000/mo+ ₹11,159/yr Higher Value
ICICI Bank Coral RuPay Credit Card
Delivers ₹815 net annual returns (0.45% ROI) vs -₹10,344 on Axis Bank Magnus Credit Card.
Card A
Axis Bank Magnus Credit Card
Axis Bank
-₹10,344Net Annual Benefit
Gross Rewards:₹4,406/yr
Effective Fee (incl. GST):₹14,750
Net ROI on Spend:-5.75%
Fee Waiver Progress (25L target):7%
Card B
ICICI Bank Coral RuPay Credit Card
ICICI Bank
₹815Net Annual Benefit
Gross Rewards:₹815/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:0.45%
Fee Waiver Progress (1.5L target):100%
2-Card Optimization HackMaximize Trapped / Capped Spend
+₹1,800/year Extra YieldPair ICICI Bank Coral RuPay Credit Card + Tata Neu Infinity HDFC Credit Card
Pair ICICI Bank Coral RuPay Credit Card with Tata Neu Infinity HDFC Credit Card to capture up to ₹1,800/yr extra on zero-reward categories.
Routes excluded categories:Utility & Offline Spends
Detailed 12-Category Rupee Breakdown (@ ₹15,000/mo)
| Spend Category | Monthly Spend | Axis Bank Magnus Credit Card | ICICI Bank Coral RuPay Credit Card |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹3,750/mo | ₹90 (2.4%) | ₹19 (0.5%) |
| Scan & Pay Merchant UPI | ₹2,250/mo | ₹54 (2.4%) | ₹11 (0.5%) |
| Electricity, Water, Gas & Broadband BillsUtilities and insurance excluded from reward points | ₹1,800/mo | 0% Excluded | ₹5 (0.25%) |
| Swiggy, Zomato & Dining Out | ₹1,800/mo | ₹43 (2.4%) | ₹18 (1%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹1,500/mo | ₹36 (2.4%) | ₹8 (0.5%) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver on ₹400-₹4,000 transactions, capped at ₹400/mo | ₹1,200/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹1,200/mo | ₹144 (12%) | ₹6 (0.5%) |
| LIC, Health & Term Insurance Premiums | ₹750/mo | 0% Excluded | ₹2 (0.25%) |
| House Rent & School/College Fees1% fee + 18% GST on rent; zero reward points earned | ₹750/mo | 0% Excluded | 0% Excluded |
| International Travel & Forex Spends | ₹0/mo | ₹0 (2.4%) | ₹0 (0.5%) |
| Gold, Silver & Jewelry Purchases | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Income Tax, GST & Challan Payments | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Net Annual Benefit | ₹1,80,000/yr | +-₹10,344 | +₹814 |
Frequently Asked Questions
Which card is better between Axis Bank Magnus Credit Card and ICICI Bank Coral RuPay Credit Card for ₹15,000/month?▼
At ₹15,000/month (₹180,000/year), ICICI Bank Coral RuPay Credit Card mathematically outperforms Axis Bank Magnus Credit Card by ₹11,158/year. ICICI Bank Coral RuPay Credit Card delivers ₹814 net annual benefit (0.45% effective yield), while Axis Bank Magnus Credit Card returns ₹-10,344 (-5.75% effective yield).
Will the annual fee be waived at ₹15,000 monthly spend?▼
On an annual spend of ₹180,000: Axis Bank Magnus Credit Card annual fee is payable at ₹14,750 (incl. 18% GST). ICICI Bank Coral RuPay Credit Card annual fee is waived (₹0).
How do reward caps impact the earnings on both cards?▼
At this spend tier, Axis Bank Magnus Credit Card loses ₹0/year to monthly cashback caps, while ICICI Bank Coral RuPay Credit Card loses ₹0/year. Axis Bank Magnus Credit Card remains uncapped at this spend. ICICI Bank Coral RuPay Credit Card remains uncapped at this spend.
What is the breakeven monthly spend between Axis Bank Magnus Credit Card and ICICI Bank Coral RuPay Credit Card?▼
The calculated crossover breakeven spend is ₹62,000/month, where higher-fee benefits overtake the lower-fee option.