Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Axis Bank Magnus Credit Card vs OneCard Metal Credit Card for ₹15,000 Monthly Spend
Comparing Axis Bank Magnus Credit Card vs OneCard Metal Credit Card at ₹15,000/month. OneCard Metal Credit Card wins, delivering ₹1,105 net annual value (0.61% 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+ ₹11,449/yr Higher Value
OneCard Metal Credit Card
Delivers ₹1,105 net annual returns (0.61% 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
OneCard Metal Credit Card
Federal Bank
₹1,105Net Annual Benefit
Gross Rewards:₹1,105/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:0.61%
2-Card Optimization HackMaximize Trapped / Capped Spend
+₹1,800/year Extra YieldPair OneCard Metal Credit Card + HSBC Live+ Credit Card
Pair OneCard Metal Credit Card with HSBC Live+ 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 | OneCard Metal Credit Card |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹3,750/mo | ₹90 (2.4%) | ₹38 (1%) |
| Scan & Pay Merchant UPI | ₹2,250/mo | ₹54 (2.4%) | ₹5 (0.2%) |
| Electricity, Water, Gas & Broadband BillsUtilities and insurance excluded from reward points | ₹1,800/mo | 0% Excluded | ₹4 (0.2%) |
| Swiggy, Zomato & Dining Out | ₹1,800/mo | ₹43 (2.4%) | ₹18 (1%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹1,500/mo | ₹36 (2.4%) | ₹15 (1%) |
| 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%) | ₹12 (1%) |
| LIC, Health & Term Insurance Premiums | ₹750/mo | 0% Excluded | ₹2 (0.2%) |
| 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 (1%) |
| 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 | +₹1,105 |
Frequently Asked Questions
Which card is better between Axis Bank Magnus Credit Card and OneCard Metal Credit Card for ₹15,000/month?▼
At ₹15,000/month (₹180,000/year), OneCard Metal Credit Card mathematically outperforms Axis Bank Magnus Credit Card by ₹11,449/year. OneCard Metal Credit Card delivers ₹1,105 net annual benefit (0.61% 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). OneCard Metal 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 OneCard Metal Credit Card loses ₹0/year. Axis Bank Magnus Credit Card remains uncapped at this spend. OneCard Metal Credit Card remains uncapped at this spend.
What is the breakeven monthly spend between Axis Bank Magnus Credit Card and OneCard Metal Credit Card?▼
The calculated crossover breakeven spend is ₹68,000/month, where higher-fee benefits overtake the lower-fee option.