Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Axis Bank Magnus Credit Card vs ICICI Bank Coral RuPay Credit Card for ₹150,000 Monthly Spend
Comparing Axis Bank Magnus Credit Card vs ICICI Bank Coral RuPay Credit Card at ₹150,000/month. Axis Bank Magnus Credit Card wins, delivering ₹29,314 net annual value (1.63% ROI) vs ₹8,145 for ICICI Bank Coral RuPay 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.
₹1,50,000(₹18,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹1,50,000/mo+ ₹21,169/yr Higher Value
Axis Bank Magnus Credit Card
Delivers ₹29,314 net annual returns (1.63% ROI) vs ₹8,145 on ICICI Bank Coral RuPay Credit Card.
Card A
Axis Bank Magnus Credit Card
Axis Bank
₹29,314Net Annual Benefit
Gross Rewards:₹44,064/yr
Effective Fee (incl. GST):₹14,750
Net ROI on Spend:1.63%
Fee Waiver Progress (25L target):72%
Card B
ICICI Bank Coral RuPay Credit Card
ICICI Bank
₹8,145Net Annual Benefit
Gross Rewards:₹8,145/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
+₹3,000/year Extra YieldPair Axis Bank Magnus Credit Card + Airtel Axis Bank Credit Card
Pair Axis Bank Magnus Credit Card with Airtel Axis Bank Credit Card to capture up to ₹3,000/yr extra on zero-reward categories.
Routes excluded categories:Electricity, Water, Gas & Broadband Bills
Detailed 12-Category Rupee Breakdown (@ ₹1,50,000/mo)
| Spend Category | Monthly Spend | Axis Bank Magnus Credit Card | ICICI Bank Coral RuPay Credit Card |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹37,500/mo | ₹900 (2.4%) | ₹188 (0.5%) |
| Scan & Pay Merchant UPI | ₹22,500/mo | ₹540 (2.4%) | ₹113 (0.5%) |
| Electricity, Water, Gas & Broadband BillsUtilities and insurance excluded from reward points | ₹18,000/mo | 0% Excluded | ₹45 (0.25%) |
| Swiggy, Zomato & Dining Out | ₹18,000/mo | ₹432 (2.4%) | ₹180 (1%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹15,000/mo | ₹360 (2.4%) | ₹75 (0.5%) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver on ₹400-₹4,000 transactions, capped at ₹400/mo | ₹12,000/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹12,000/mo | ₹1,440 (12%) | ₹60 (0.5%) |
| LIC, Health & Term Insurance Premiums | ₹7,500/mo | 0% Excluded | ₹19 (0.25%) |
| House Rent & School/College Fees1% fee + 18% GST on rent; zero reward points earned | ₹7,500/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 | ₹18,00,000/yr | +₹29,314 | +₹8,145 |
Frequently Asked Questions
Which card is better between Axis Bank Magnus Credit Card and ICICI Bank Coral RuPay Credit Card for ₹150,000/month?▼
At ₹150,000/month (₹1,800,000/year), Axis Bank Magnus Credit Card mathematically outperforms ICICI Bank Coral RuPay Credit Card by ₹21,169/year. Axis Bank Magnus Credit Card delivers ₹29,314 net annual benefit (1.63% effective yield), while ICICI Bank Coral RuPay Credit Card returns ₹8,145 (0.45% effective yield).
Will the annual fee be waived at ₹150,000 monthly spend?▼
On an annual spend of ₹1,800,000: 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.