SBM ZET Credit Card vs Axis Bank Magnus Credit Card

• Minimum FD of Rs. 5,000 is required to obtain this secured credit card
• Earn up to 7% Interest on FD
• Credit limit: 90% of FD amount
• A lifetime-free credit card with no renewal fees
• No Income Proof- Easy application with no credit history required
• Exclusive Discounts: Rewards and discounts you’ll love
• Zero interest for 45 days on UPI payments
• 5% Rewards on Amazon
• 8% Rewards on Flipkart
• 20% Rewards on Myntra
• Enjoy up to 15% Rewards on All Major Platforms
• Up to 20% off on Swiggy, Zomato, and BookMyShow

• Avail 8 complimentary end-to-end meet and greet services at the airport (This has been discontinued w.e.f 20 April’24)

• Get unlimited complimentary international airport lounge visits and 8 additional guests visits per year with Priority Pass Card (Guest visits have been revised to 4 per year w.e.f 20 April’24)
• Get unlimited domestic airport lounge visits to selected lounges
• Enjoy up to 15% off on International and Domestic Oberoi and Trident Hotels
• Buy one ticket and get up to Rs. 500 off on the second ticket on BOOKMYSHOW (This has been discontinued w.e.f 20 April’ 24)
• Avail up to 30% discount at over 4000 restaurants in India
• Avail purchase protection, lost card liability programs, and more: Counterfeit/lost card liability up to credit limit; Purchase protection of up to Rs. 2 Lakhs; Loss/Delay in baggage and Personal Documents cover up to 500 USD; Credit shield of Rs. 5 Lakhs
• The Annual fee of Rs. 12,500 + Taxes will be waived off on spending Rs. 25 Lakhs in the proceeding year
• Get fuel surcharge waiver of 1% for transactions between Rs. 400 to Rs. 4000
• Avail 12 EDGE REWARD points per Rs. 200 on spends up to Rs. 1.50 Lakhs and 35 EDGE REWARD points per Rs. 200 on incremental spends above Rs. 1.50 lakhs in a calendar month
• Get 5X Reward points on spends via Travel eDGE
• Get 2 partner miles for every 5 edge Reward points across 20 travel partners. Do note that customers holding the new Magus Credit Card for Burgundy will get up to 4 partner miles for every 5 eDGE Reward points across 20 travel partners
  

Pros

• Earn up to 7% Interest on FD
• 5% Rewards on Amazon, 8% Rewards on Flipkart, 20% Rewards on Myntra, and up to 15% Rewards on All Major Platforms
• Up to 20% off on Swiggy, Zomato, and BookMyShow

Cons

• No travel benefits
• No golf benefits
• No complimentary domestic or international airport lounge access

Pros

• Annual fee of Rs. 12,500 + Taxes waived off on spending Rs. 25 Lakhs in the proceeding year
• Reduced mark-up fee of 2% on foreign transactions
• No cash withdrawal fees

Cons

• No Golf/coaching sessions
• Joining and annual fees on higher side