What are the annual fees for American Express Platinum Travel Credit Card and Axis Bank Magnus Credit Card?

American Express Platinum Travel Credit Card has ₹5,000 + GST. Axis Bank Magnus Credit Card has ₹12,500 + GST. Fees are shown before 18% GST, which is added on the bill.

What base reward rate does each card earn?

American Express Platinum Travel Credit Card earns about 1% on general spends; Axis Bank Magnus Credit Card earns about 1.2%. Category and partner rates may differ — see the table above.

What is the forex markup on each card?

American Express Platinum Travel Credit Card: 3.5%. Axis Bank Magnus Credit Card: 2% (plus 18% GST on the markup).

Do both cards include airport lounge access?

American Express Platinum Travel Credit Card: yes — see the lounge row above for limits. Axis Bank Magnus Credit Card: yes — see the lounge row above for limits.

Card Comparison

American Express Platinum Travel vs Axis Magnus

American Express Platinum Travel vs Axis Magnuscompared side by side on fees, reward rates, caps, exclusions, and eligibility — weigh each against how you actually spend.

American Express Platinum Travel

American Express

Fee₹5,000+GST

Eff. rate1%

CapNone

Fee

₹5,000+GST

Eff. rate

Cap

None

Axis Bank Magnus

Axis Bank

Fee₹12,500+GST

Eff. rate1.2%

CapCategory

Fee

₹12,500+GST

Eff. rate

1.2%

Cap

How they compare

American Express Platinum Travel and Axis Magnus suit different spending patterns, so the right pick depends on where and how much you spend. The key difference: 1% vs 1.2% effective rate. Use the table below to weigh fees, reward rates, caps, and exclusions against your own usage.

At a glance

American Express Platinum Travel

Annual fee: ₹5,000 + GST
Everyday rate: 1%
Monthly cap: No cap

Notable strengths

No monthly reward cap

Axis Magnus

Annual fee: ₹12,500 + GST
Everyday rate: 1.2%
Monthly cap: No cap

Notable strengths

No monthly reward cap

Each card's own strengths — not a ranking. Weigh them against where you actually spend.

45 specs · 12 sections

American Express Platinum Travel

Axis Bank Magnus

Feature

American Express Platinum Travel

Axis Bank Magnus

Annual Fee

₹5,000

₹12,500

Joining Fee

₹5,000

₹12,500

Fee Waiver Spend

N/A

₹25,00,000

Forex Markup

3.5%

Reward Type

Reward Points

Base Rate

1.2%

Effective Base Rate

1.2%

Point Value

₹0.5

₹0.2

Redemption Quality

HIGH

MEDIUM

Best Redemption

₹0.5

₹0.4

Worst Redemption

₹0.18

₹0.15

Grocery / Supermarkets

1.2%

Fuel / Petrol / Diesel / CNG

0% (Excluded)

Restaurants / Dine-in

1.2%

Flights, Hotels, OTAs, Tour Operators

Other Retail / Catch-all

1.2%

Monthly Cap

No cap

Category caps apply

Est. Annual Cap

No cap

Category caps apply

Total Excluded

5 categories

9 categories

Gold / Jewellery

Earns rewards

Excluded

Education / School / College Fees

Earns rewards

Excluded

Rent Payments

Earns rewards

Excluded

Government / Tax Payments

Earns rewards

Excluded

Wallet / Prepaid Instrument Loading

Earns rewards

Excluded

Domestic Visits/Year

-1

International Visits/Year

None

-1

Priority Pass

Yes

Est. Annual Value

₹3,520

₹10,230

Forex Markup

3.5%

International Rate

Yes

Description

10,000 Membership Rewards Points on payment of annual fee and spending ₹15,000 within 90 days of Cardmembership

Choice of Luxe gift card, The Postcard Hotels voucher, or Yatra voucher worth ₹12,500

Estimated Value

₹4,000

₹12,500

Fuel Surcharge Waiver

Yes

Best Suited For

Travel, Shopping

Travel, Dining, Shopping

Min Income

₹50,000/month

₹2,00,000/month

Income Proof

Required

Secured FD

Accepting Applications

Yes

Network

American Express

Visa, Mastercard

Card Tier

Platinum

Super Premium

Still weighing your options?

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Frequently asked questions

What are the annual fees for American Express Platinum Travel Credit Card and Axis Bank Magnus Credit Card?: American Express Platinum Travel Credit Card has ₹5,000 + GST. Axis Bank Magnus Credit Card has ₹12,500 + GST. Fees are shown before 18% GST, which is added on the bill.
What base reward rate does each card earn?: American Express Platinum Travel Credit Card earns about 1% on general spends; Axis Bank Magnus Credit Card earns about 1.2%. Category and partner rates may differ — see the table above.
What is the forex markup on each card?: American Express Platinum Travel Credit Card: 3.5%. Axis Bank Magnus Credit Card: 2% (plus 18% GST on the markup).
Do both cards include airport lounge access?: American Express Platinum Travel Credit Card: yes — see the lounge row above for limits. Axis Bank Magnus Credit Card: yes — see the lounge row above for limits.

Reviewed by WhichWise Editorial Team. Each card's data is verified against the issuer's official terms.

Sources: American Express - American Express Platinum Travel · Axis Bank - Axis Magnus