Which card has a lower forex fee: Axis Bank Magnus Credit Card or Kotak White Reserve Credit Card?

Both cards have the same forex markup (2%).

Which card has a lower annual fee: Axis Bank Magnus Credit Card or Kotak White Reserve Credit Card?

Both cards have the same annual fee (₹12,500 annual fee).

Which card offers better lounge access?

Axis Bank Magnus Credit Card: Unlimited domestic lounge + Unlimited international. Kotak White Reserve Credit Card: Unlimited domestic lounge + Unlimited international.

Which card has a higher base reward rate?

Kotak White Reserve Credit Card has higher conservative base reward value (~2% vs ~1.2%).

Pairwise comparison Compare 3+ cards →

Axis Bank Magnus vs Kotak Mahindra Bank White Reserve Credit Cards – Fees, Lounge, Forex

Side-by-side comparison of the Axis Bank Magnus and the Kotak Mahindra Bank White Reserve. Verify fees, lounge access, forex markup, and base rewards before you apply.

Magnus

White Reserve

The short answer

Verdict

Pick White Reserve for rewards and upi.

Head-to-head

Three core metrics

Annual fee

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

White Reserve ₹12,500 Waivable at ₹10,00,000 spend
Forex markup

Magnus 2%

White Reserve 2%
Domestic lounge

Magnus Unlimited

White Reserve Unlimited

Reward earning explained

Per card

Magnus

6 EDGE Reward Points / ₹100

Strong data

White Reserve

Strong data

Pick based on what matters

5 dimensions

Start with the constraint you care about most: annual fee (Axis Bank Magnus: ₹12,500 vs Kotak Mahindra Bank White Reserve: ₹12,500), forex markup (2% vs 2%), or lounge access (Unlimited vs Unlimited).

Travel Tie

Both cards are similar for travel

Forex markup is 2%.
Forex markup Tie

Both cards are similar for forex

Forex markup is 2%.
Lounge access Tie

Both cards are similar for lounge access

Domestic lounge access is unlimited.
Rewards Kotak Mahindra Bank White Reserve wins

Kotak Mahindra Bank White Reserve is better for rewards

Kotak Mahindra Bank White Reserve is stronger here. Kotak Mahindra Bank White Reserve conservative base value ~2% vs Axis Bank Magnus's ~1.2%.
upi Kotak Mahindra Bank White Reserve wins

Kotak Mahindra Bank White Reserve is better for UPI usage

Kotak Mahindra Bank White Reserve is stronger here. Supports UPI via RuPay network.

All fields

Standard view

Example usage at this monthly spend

At ₹50k/month spend:

Kotak White Reserve: ~₹1,000/month at base rate
Magnus: ~₹600/month at base rate

Illustrative only, using current base rates before caps.

Field	Magnus Axis Bank	White Reserve Kotak Mahindra Bank
Lounge Access
Domestic lounge visits	Unlimited	Unlimited
International lounge visits	Unlimited	Unlimited
Forex / International Use
Forex markup	2%	2%
Fees
Recurring annual fee	₹12,500	₹12,500
Annual-fee waiver ₹25,00,000 vs ₹10,00,000	₹25,00,000	₹10,00,000
Interest-free period Up to 50 days vs Up to 51 days	Up to 50 days	Up to 51 days
Fuel benefit 1% surcharge waiver · ₹400–₹4,000 transactions · ₹400/month waiver cap · Fuel rewards excluded vs 1% surcharge waiver · ₹400–₹7,500 transactions · ₹4,500/year waiver cap	1% surcharge waiver · ₹400–₹4,000 transactions · ₹400/month waiver cap · Fuel rewards excluded	1% surcharge waiver · ₹400–₹7,500 transactions · ₹4,500/year waiver cap
Rewards
Base earn 6 EDGE Reward Points / ₹100 vs 2%	6 EDGE Reward Points / ₹100	2%
Conservative base value ~1.2% vs ~2%	~1.2%	~2%
Earn ceiling	Not stated	Not stated
Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid. Only available for Magnus	₹0.2	Not specified

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

Kotak Mahindra Bank White Reserve

Verify with issuer