Which card has a lower forex fee: Axis Bank Magnus Credit Card or Times Black ICICI Bank Credit Card?

Forex markup outcome: Times Black ICICI Bank Credit Card wins.

Which card has a lower annual fee: Axis Bank Magnus Credit Card or Times Black ICICI Bank Credit Card?

Annual fee outcome: Axis Bank Magnus Credit Card wins.

AXIS Magnus vs ICICI Times Black

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.

Magnus

Times Black

The short answer

Pick Magnus for a lower fee.

Pick Times Black for spending abroad.

Magnus costs ₹7,500 less a year.

Head-to-head

Annual fee Annual fee outcome: Magnus wins.

Magnus ₹12,500 Waivable at ₹25,00,000 spend

Times Black ₹20,000 Waivable at ₹25,00,000 spend

Magnus saves ₹7,500/yr
Forex markup Forex markup outcome: Times Black wins.

Magnus 2%

Times Black 1.49%

Times Black saves ~₹510 per ₹1L abroad
Domestic lounge Domestic lounge outcome: tie.

Magnus Unlimited Conditional · Domestic: Unlimited · requires ₹50,000 spend in the previous 3 calendar months

Times Black Unlimited
Rewards Rewards outcome: tie.

Magnus ~1.2%

Times Black ~0.8%

conservative base value

Reward earning explained

Magnus

6 EDGE Reward Points / ₹100

Strong data

Times Black

2 pts / ₹100

Strong data

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.

All fields

Differences only

Field	Magnus Axis Bank	Times Black ICICI Bank
Lounge Access
Domestic lounge visits spend-gated on some cards — see caveats	Unlimited	Unlimited
International lounge visits	Unlimited	Unlimited
Forex / International Use
Forex markup 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
Late-payment charge ₹500–₹1,300 depending on outstanding balance vs ₹100–₹1,300 depending on outstanding balance	₹500–₹1,300 depending on outstanding balance	₹100–₹1,300 depending on outstanding balance
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
Point validity Only available for Times Black ICICI Bank	Not specified	3 years
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

Notes

Axis Bank Magnus Credit Card: Condition: ₹50,000 spend in the previous 3 calendar months
Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.

Axis Bank Magnus

Verify with issuer

ICICI Bank Times Black

Verify with issuer