Head-to-head · 🇮🇳 India
HDFC Millennia vs Axis Magnus
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
HDFC Bank
HDFC Millennia
Wins 6 of 10
IN
Premium
Axis Bank
Axis Magnus
Wins 3 of 10
Verdict
HDFC Millennia wins 6-3. Online shoppers spending ₹15K–50K/month Axis Magnus is still the right call if high-spenders post-2024 devaluation — still solid for ₹2l+/month travel..
Side-by-side
| Criterion | HDFC Millennia | Axis Magnus |
|---|---|---|
| Annual fee | ₹1,000 | · ₹12,500 |
| Joining fee | ₹1,000 | · ₹12,500 |
| Top reward rate | · 5% (shopping) | 12% (travel) |
| Base reward rate | · 1% | 4.8% |
| Forex markup | · 3.5% | 2% |
| Welcome bonus | = 1,000 CashPoints on ₹1,000 spend in first 90 days | = 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher |
| Fee waiver threshold | ₹100,000 / yr | · ₹2,500,000 / yr |
| Min income | ₹420,000 | · ₹1,800,000 |
| Min credit score | 750 | · 780 |
| Editorial rating | 4.6/5 | · 4.3/5 |
Benefits compared
HDFC Millennia
- 5% cashback on Amazon, Flipkart, Myntra, Swiggy, Zomato, BookMyShow, Cult.fit, Sony LIV, Tata CLiQ, Uber
- 1% cashback on all other retail spends
- 8 complimentary domestic airport lounge visits per year
- 1% fuel surcharge waiver (₹400 cap/month)
- Up to 20% off on partner restaurants via Smart EMI
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
FAQ
›HDFC Millennia vs Axis Magnus: which is better?
HDFC Millennia 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 HDFC Millennia for online shopping, Axis Magnus for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
HDFC Millennia: 1,000 CashPoints on ₹1,000 spend in first 90 days. Axis Magnus: 12,500 EDGE Reward Points + ₹10,000 Tata CLiQ voucher.