Axis Magnus vs HDFC Swiggy
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
HDFC Swiggy wins 6-3. Heavy Swiggy/Instamart users — 10% on the platform tops anything else. 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 Swiggy |
|---|---|---|
| Annual fee | · ₹12,500 | ₹500 |
| Joining fee | · ₹12,500 | ₹500 |
| Top reward rate | 12% (travel) | · 10% (dining) |
| Base reward rate | 4.8% | · 1% |
| Forex markup | 2% | · 3.5% |
| Welcome bonus | = 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher | = 3-month Swiggy One membership (₹1,499 value) |
| Fee waiver threshold | · ₹2,500,000 / yr | ₹200,000 / yr |
| Min income | · ₹1,800,000 | ₹360,000 |
| Min credit score | · 780 | 740 |
| Editorial rating | · 4.3/5 | 4.5/5 |
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 Swiggy
- 10% cashback on Swiggy (food, Instamart, Genie, Dineout)
- 5% cashback on online MCC merchants (Amazon, Flipkart, Myntra)
- 1% cashback on other spends
- Cashback auto-credited as Swiggy Money
- 1% fuel surcharge waiver
FAQ
›Axis Magnus vs HDFC Swiggy: which is better?
HDFC Swiggy wins on more dimensions (6 vs 3). 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 Swiggy 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 Swiggy: 3-month Swiggy One membership (₹1,499 value).