Axis Magnus vs HSBC Premier
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
Axis Magnus wins 5-4. High-spenders post-2024 devaluation — still solid for ₹2L+/month travel. HSBC Premier is still the right call if hsbc premier banking clients — no annual fee with relationship..
Side-by-side
| Criterion | Axis Magnus | HSBC Premier |
|---|---|---|
| Annual fee | · ₹12,500 | No annual fee |
| Joining fee | · ₹12,500 | None |
| Top reward rate | 12% (travel) | · 3% (travel) |
| Base reward rate | 4.8% | · 1% |
| Forex markup | · 2% | 1.99% |
| Welcome bonus | = 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher | = 40,000 reward points on Premier banking opening |
| Fee waiver threshold | ₹2,500,000 / yr | · N/A (no fee) |
| Min income | ₹1,800,000 | · ₹4,000,000 |
| Min credit score | 780 | · 800 |
| 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
HSBC Premier
- 3 reward points per ₹100 on travel + dining
- 1 reward point per ₹100 on others
- Free for HSBC Premier clients (₹40L+ relationship)
- Unlimited international lounge visits via LoungeKey
- 1.99% forex markup
- Worldwide travel + emergency assistance
FAQ
›Axis Magnus vs HSBC Premier: which is better?
Axis Magnus 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, HSBC Premier 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. HSBC Premier: 40,000 reward points on Premier banking opening.