I'd say go for the Magnus. It has been massively devalued but it's only a matter of time when Axis realises how much they are loosing out to Infinia, Emerald Private Metal and Times Black. ICICI gave out their cards particularly the Time Black easily because the features are not great. After the recent upgrade ICICI EPM and TB have become better or at least equivalent to Infinia. Axis is likely to give something better to compete in this space very soon. But once they do that, it will be difficult to get the Magnus.