Head-to-head · 🇮🇳 India
Axis Magnus vs HDFC MoneyBack+
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
Premium
Axis Bank
Axis Magnus
Wins 4 of 10
IN
HDFC Bank
HDFC MoneyBack+
VISA
Wins 5 of 10
Verdict
HDFC MoneyBack+ wins 5-4. Entry-level cashback with very low waiver bar. Axis Magnus is still the right call if high-spenders post-2024 devaluation — still solid for ₹2l+/month travel..
Side-by-side
| Criterion | Axis Magnus | HDFC MoneyBack+ |
|---|---|---|
| Annual fee | · ₹12,500 | ₹500 |
| Joining fee | · ₹12,500 | ₹500 |
| Top reward rate | 12% (travel) | · 5% (shopping) |
| Base reward rate | 4.8% | · 2% |
| Forex markup | 2% | · 3.5% |
| Welcome bonus | = 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher | = 500 CashPoints on first transaction |
| Fee waiver threshold | · ₹2,500,000 / yr | ₹50,000 / yr |
| Min income | · ₹1,800,000 | ₹240,000 |
| Min credit score | · 780 | 720 |
| Editorial rating | 4.3/5 | · 4.1/5 |
Benefits compared
Axis Magnus
- 12 EDGE points per ₹200 on travel via TravelEdge portal
- 4.8 EDGE points per ₹200 on general spend
- Unlimited international + domestic lounge access (Priority Pass)
- Buy 1 get 1 BookMyShow tickets monthly (capped 5)
- Annual ₹10,000 milestone vouchers from Tata CLiQ
- Concierge 24x7 + golf 4x/month
HDFC MoneyBack+
- 5% on Amazon, Flipkart, Big Basket, Reliance Smart Bazaar (capped ₹1K/month)
- 2% on EMI transactions
- 1 fuel surcharge waiver
- Quarterly milestone vouchers
FAQ
›Axis Magnus vs HDFC MoneyBack+: which is better?
HDFC MoneyBack+ wins on more dimensions (5 vs 4). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use Axis Magnus for its best categories, HDFC MoneyBack+ for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
Axis Magnus: 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher. HDFC MoneyBack+: 500 CashPoints on first transaction.