Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Axis Bank Magnus Credit Card vs IndianOil RBL Bank Xtra Credit Card for ₹100,000 Monthly Spend
Comparing Axis Bank Magnus Credit Card vs IndianOil RBL Bank Xtra Credit Card at ₹100,000/month. Axis Bank Magnus Credit Card wins, delivering ₹14,626 net annual value (1.22% ROI) vs ₹14,400 for IndianOil RBL Bank Xtra 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.
₹1,00,000(₹12,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹1,00,000/mo+ ₹226/yr Higher Value
Axis Bank Magnus Credit Card
Delivers ₹14,626 net annual returns (1.22% ROI) vs ₹14,400 on IndianOil RBL Bank Xtra Credit Card.
Card A
Axis Bank Magnus Credit Card
Axis Bank
₹14,626Net Annual Benefit
Gross Rewards:₹29,376/yr
Effective Fee (incl. GST):₹14,750
Net ROI on Spend:1.22%
Fee Waiver Progress (25L target):48%
Card B
IndianOil RBL Bank Xtra Credit Card
RBL Bank
₹14,400Net Annual Benefit
Gross Rewards:₹14,400/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:1.2%
Fee Waiver Progress (2.75L 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 (@ ₹1,00,000/mo)
| Spend Category | Monthly Spend | Axis Bank Magnus Credit Card | IndianOil RBL Bank Xtra Credit Card |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹25,000/mo | ₹600 (2.4%) | ₹125 (0.5%) |
| Scan & Pay Merchant UPI | ₹15,000/mo | ₹360 (2.4%) | ₹75 (0.5%) |
| Electricity, Water, Gas & Broadband BillsUtilities and insurance excluded from reward points | ₹12,000/mo | 0% Excluded | ₹60 (0.5%) |
| Swiggy, Zomato & Dining Out | ₹12,000/mo | ₹288 (2.4%) | ₹120 (1%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹10,000/mo | ₹240 (2.4%) | ₹100 (1%) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver on ₹400-₹4,000 transactions, capped at ₹400/mo | ₹8,000/mo | 0% Excluded | ₹680 (8.5%) |
| Flights, Hotels & IRCTC Trains | ₹8,000/mo | ₹960 (12%) | ₹40 (0.5%) |
| LIC, Health & Term Insurance Premiums | ₹5,000/mo | 0% Excluded | 0% Excluded |
| House Rent & School/College Fees1% fee + 18% GST on rent; zero reward points earned | ₹5,000/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 | ₹12,00,000/yr | +₹14,626 | +₹14,400 |
Frequently Asked Questions
Which card is better between Axis Bank Magnus Credit Card and IndianOil RBL Bank Xtra Credit Card for ₹100,000/month?▼
At ₹100,000/month (₹1,200,000/year), Axis Bank Magnus Credit Card mathematically outperforms IndianOil RBL Bank Xtra Credit Card by ₹226/year. Axis Bank Magnus Credit Card delivers ₹14,626 net annual benefit (1.22% effective yield), while IndianOil RBL Bank Xtra Credit Card returns ₹14,400 (1.2% effective yield).
Will the annual fee be waived at ₹100,000 monthly spend?▼
On an annual spend of ₹1,200,000: Axis Bank Magnus Credit Card annual fee is payable at ₹14,750 (incl. 18% GST). IndianOil RBL Bank Xtra 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 IndianOil RBL Bank Xtra Credit Card loses ₹0/year. Axis Bank Magnus Credit Card remains uncapped at this spend. IndianOil RBL Bank Xtra Credit Card remains uncapped at this spend.
What is the breakeven monthly spend between Axis Bank Magnus Credit Card and IndianOil RBL Bank Xtra Credit Card?▼
The calculated crossover breakeven spend is ₹99,000/month, where higher-fee benefits overtake the lower-fee option.