6 EDGE Reward Points / ₹100
Strong data Pairwise comparison
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Axis Bank Magnus vs ICICI Bank Times Black Credit Cards – Fees, Lounge, Forex
Side-by-side comparison of the Axis Bank Magnus and the ICICI Bank Times Black. Verify fees, lounge access, forex markup, and base rewards before you apply.
The short answer
VerdictPick Times Black for travel and spending abroad.
Head-to-head
Three core metrics- Annual fee Magnus saves ₹7,500/yrMagnus ₹12,500 Waivable at ₹25,00,000 spendTimes Black ₹20,000 Waivable at ₹25,00,000 spend
- Forex markup Times Black saves ~₹510 per ₹1L abroadMagnus 2%Times Black 1.49%
- Domestic lounge Magnus UnlimitedTimes Black Unlimited
Reward earning explained
Per card2 pts / ₹100
Strong dataPick based on what matters
4 dimensionsStart with the constraint you care about most: annual fee (Axis Bank Magnus: ₹12,500 vs ICICI Bank Times Black: ₹20,000), forex markup (2% vs 1.49%), or lounge access (Unlimited vs Unlimited).
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Travel ICICI Bank Times Black wins ICICI Bank Times Black is better for travel
ICICI Bank Times Black is stronger here. ICICI Bank Times Black is cheaper for international spend (1.49% vs 2% forex).
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Forex markup ICICI Bank Times Black wins ICICI Bank Times Black is better for forex
ICICI Bank Times Black is stronger here. ICICI Bank Times Black has a lower forex markup (1.49% vs 2%).
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Lounge access Tie Both cards are similar for lounge access
Domestic lounge access is unlimited.
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Rewards Tie Both cards are similar for rewards
Axis Bank Magnus conservative base value ~1.2% vs ICICI Bank Times Black's ~0.8%. ICICI Bank Times Black conservative base value ~0.8% vs Axis Bank Magnus's ~1.2%.
All fields
Example usage at this monthly spend
At ₹50k/month spend:
- Magnus: ~₹600/month at base rate
- Times Black ICICI Bank: ~₹400/month at base rate
Illustrative only, using current base rates before caps.
| Field | Magnus Axis Bank | Times Black ICICI Bank |
|---|---|---|
| Insurance — Air accident cover Only available for Times Black ICICI Bank | Not specified | ₹3 crore |
| Insurance — Lost card liability cover Only available for Times Black ICICI Bank | Not specified | ₹50,000 |
| Insurance — Underwriter Only available for Times Black ICICI Bank | Not specified | Insured by ICICI Lombard General Insurance Company Limited |
| Lounge Access | ||
| Domestic lounge visits | Unlimited | Unlimited |
| International lounge visits | Unlimited | Unlimited |
| Forex / International Use | ||
| Forex markup Source agreement differs — verify both. 2% vs 1.49% | 2% | 1.49% |
| Fees | ||
| Recurring annual fee ₹12,500 vs ₹20,000 | ₹12,500 | ₹20,000 |
| Annual-fee waiver | ₹25,00,000 | ₹25,00,000 |
| Interest-free period Up to 50 days vs Up to 48 days | Up to 50 days | Up to 48 days |
| Monthly interest rate Only available for Times Black ICICI Bank | Not specified | 3.75% / month |
| Fuel benefit 1% surcharge waiver · ₹400–₹4,000 transactions · ₹400/month waiver cap · Fuel rewards excluded vs 1% surcharge waiver · up to ₹4,000 transactions | 1% surcharge waiver · ₹400–₹4,000 transactions · ₹400/month waiver cap · Fuel rewards excluded | 1% surcharge waiver · up to ₹4,000 transactions |
| Rewards | ||
| Points per ₹100 6 EDGE Reward Points / ₹100 vs 2 pts / ₹100 | 6 EDGE Reward Points / ₹100 | 2 pts / ₹100 |
| Conservative base value ~1.2% vs ~0.8% | ~1.2% | ~0.8% |
| Earn ceiling | Not stated | Not stated |
| Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid. ₹0.2 vs ₹0.4 | ₹0.2 | ₹0.4 |
Notes
- Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.
Axis Bank Magnus
Verify with issuer , opens external siteICICI Bank Times Black
Verify with issuer , opens external site