AU Small Finance Bank Zenith+ vs Axis Bank Magnus
Side-by-side for the example profile – edit spend and travel needs to make it yours.
Zenith+ vs Magnus (Sept 2026): for the standard ₹32k/month profile AU Small Finance Bank Zenith+ wins on score (35/100, −₹565 recurring net savings a year) vs Magnus 23/100 (−₹12,421). Cheapest to hold: Zenith+ (₹5,899 incl. GST). Edit the spend on this page to re-score for yours.
Recommendation for Typical Indian cardholder (₹32k/month)
AU Small Finance Bank Zenith+ scores highest (35/100) with −₹565 recurring net savings a year.
Edit your spend and travel needs above – scores, savings and this verdict update instantly.
Standard profile
Scored for Typical Indian cardholder · ₹32k/monthBills paid in full · first-year offers shown separately · set up your profile to score cards for your own spend
| Card | ||
|---|---|---|
| Overview | ||
| Personal score | 35/100 BEST | 23/100 |
| Recurring net savings | −₹565/yr BEST | −₹12,421/yr |
| Effective savings rate | -0.2% BEST | -3.8% |
| Annual fee incl. GST | You pay ₹5,899 BEST | You pay ₹14,750 |
| Usable lounge visits | ✈∞ dom🌏4 intl you can use 2 | ✈∞ dom🌏8 intl you can use 2 |
| Why it fits | ✓ 20 points/₹100 on travel & dining earns you about ₹3,912 a year on… | ✓ Base rate 0.96% on other spends earns you about ₹2,329 a year on… |
| Main drawback | ! You pay the ₹5,899 annual fee (incl. GST) – waiver needs ₹8,00,000… | ! You pay the ₹14,750 annual fee (incl. GST) – waiver needs ₹25,00,000… |
| How the net figure adds up | ||
| + Reward value on your spend | ₹4,974 at ₹0.25/AU Reward Points BEST | ₹2,329 at ₹0.16/EDGE Reward Points |
| + Milestone bonuses you reach | none | none |
| + Fuel surcharge waiver | ₹360 BEST | none |
| + Lifestyle benefits you asked for | none matched | none matched |
| + Renewal bonus (only when the fee is charged) | — | — |
| − Annual fee incl. 18% GST | −₹5,899 BEST | −₹14,750 |
| − Forex markup on international spend | none | none |
| = Recurring net savings | −₹565/yr BEST | −₹12,421/yr |
| ÷ Card spend counted | ₹3,26,640 UPI-only rupees excluded on non-RuPay cards | ₹3,26,640 UPI-only rupees excluded on non-RuPay cards |
| = Effective savings rate | -0.2% BEST | -3.8% |
| Rewards on your spend | ||
| Groceries & quick-commerce (₹72,000/yr) | ₹216 0.3% | ₹415 0.6% BEST |
| Dining & food delivery (₹48,000/yr) | ₹2,112 4.4% BEST | ₹406 0.8% |
| Online shopping (₹72,000/yr) | ₹360 0.5% | ₹691 1.0% BEST |
| Fuel (₹36,000/yr) | ₹0 0.0% | ₹0 0.0% |
| Cabs & commute (₹18,000/yr) | ₹54 0.3% | ₹104 0.6% BEST |
| Bills & utilities (₹30,000/yr) | ₹150 0.5% BEST | ₹0 0.0% |
| Flights (₹24,000/yr) | ₹1,200 5.0% BEST | ₹230 1.0% |
| Hotels (₹12,000/yr) | ₹600 5.0% BEST | ₹115 1.0% |
| Movies & OTT (₹9,600/yr) | ₹48 0.5% | ₹92 1.0% BEST |
| Insurance premiums (₹18,000/yr) | ₹90 0.5% BEST | ₹0 0.0% |
| Everything else (₹48,000/yr) | ₹144 0.3% | ₹276 0.6% BEST |
| Base earn rate | 0.5% | 0.96% BEST |
| Accelerated categories | 1 rule
| 1 rule
|
| Excluded categories | fuel, rent | fuel, rent, utilities, insurance, education |
| Caps hit for your spend | None | None |
| Milestones | None | None |
| UPI rewards (RuPay) | Not UPI-enabled | Not UPI-enabled |
| Fees & first year | ||
| Joining fee | ₹4,999 + GST | ₹12,500 + GST |
| Fee waiver | On ₹8,00,000 annual spend | On ₹25,00,000 annual spend |
| Renewal benefit | None | None |
| Welcome benefit (first year only) | ₹5,000 voucher on ₹15k spend ≈ ₹4,500 | ₹12,500 gift voucher on joining-fee payment ≈ ₹11,250 |
| First-year value (separate) | ₹3,935 BEST | −₹1,171 |
| Travel | ||
| Domestic lounge entitlement | Unlimited | Unlimited |
| International lounge entitlement | 4 per year | 8 per year |
| Lounge condition | None | None |
| Forex markup | 0.99% BEST | 2% |
| Redemption & simplicity | ||
| Reward currency | AU Reward Points · ₹0.25/unit | EDGE Reward Points · ₹0.16/unit |
| How to redeem | Details1 point = ₹0.25. | DetailsTransfer to partners at 5:2 (Group A) or 5:4 (Group B); ~₹0.16 realistic. |
| Redemption flexibility | ★★★☆☆ | ★★★☆☆ |
| Simplicity | ★★★☆☆ BEST | ★★☆☆☆ |
| Lifestyle | ||
| Benefits you asked for | fuel waiver | fuel waiver |
| All lifestyle perks | fuel waiver, dining program, golf, zero forex, concierge | golf, concierge, insurance cover |
| Eligibility | Income ₹18L+/yr | Income ₹24L+/yr; best with Axis Burgundy |
| Score breakdown | ||
| Net savings rate | 0/100 × 55% = 0.0 | 0/100 × 55% = 0.0 |
| Usable lounge access | 100/100 × 15% = 15.0 | 100/100 × 15% = 15.0 |
| Redemption flexibility | 60/100 × 10% = 6.0 | 60/100 × 10% = 6.0 |
| Lifestyle fit | 100/100 × 10% = 10.0 | 0/100 × 10% = 0.0 |
| Simplicity | 60/100 × 5% = 3.0 | 40/100 × 5% = 2.0 |
| Fee safety | 24/100 × 5% = 1.2 | 8/100 × 5% = 0.4 |
| Sources | ||
| Official source | AU Small Finance Bank – Zenith+ product page | Axis Bank – Magnus |
| Last reviewed | 2026-09-12 | 2026-09-12 |
Frequently asked questions
Which is better: Zenith+ or Magnus?
For the example profile, AU Small Finance Bank Zenith+ scores highest (35/100, −₹565 recurring net savings). The answer changes with your spend mix, lounge needs and fee comfort – edit the profile on this page.
Which has the lower annual fee?
Zenith+: ₹5,899 incl. GST; Magnus: ₹14,750 incl. GST.