Head-to-head · 🇮🇳 India
HDFC MoneyBack+ vs Axis Reserve
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
HDFC Bank
HDFC MoneyBack+
VISA
Wins 5 of 10
IN
Premium
Axis Bank
Axis Reserve
VISA
Wins 3 of 10
Verdict
HDFC MoneyBack+ wins 5-3. Entry-level cashback with very low waiver bar. Axis Reserve is still the right call if invitation-only super-premium — for ₹25l+/year spenders..
Side-by-side
| Criterion | HDFC MoneyBack+ | Axis Reserve |
|---|---|---|
| Annual fee | ₹500 | · ₹50,000 |
| Joining fee | ₹500 | · ₹50,000 |
| Top reward rate | = 5% (shopping) | = 5% (general) |
| Base reward rate | · 2% | 5% |
| Forex markup | · 3.5% | No FX fee |
| Welcome bonus | = 500 CashPoints on first transaction | = 50,000 EDGE points + Taj Epicure membership |
| Fee waiver threshold | ₹50,000 / yr | · ₹2,500,000 / yr |
| Min income | ₹240,000 | · ₹5,000,000 |
| Min credit score | 720 | · 820 |
| Editorial rating | · 4.1/5 | 4.7/5 |
Benefits compared
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
Axis Reserve
- 5 EDGE points per ₹100 (effectively 5%)
- Unlimited international + domestic lounge visits
- Taj Epicure + ITC Culinaire memberships
- Concierge 24x7 globally
- 0% forex markup on first ₹15L of FX/year
- Annual ₹25K vouchers at milestones
FAQ
›HDFC MoneyBack+ vs Axis Reserve: which is better?
HDFC MoneyBack+ wins on more dimensions (5 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 MoneyBack+ for its best categories, Axis Reserve for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
HDFC MoneyBack+: 500 CashPoints on first transaction. Axis Reserve: 50,000 EDGE points + Taj Epicure membership.