Axis Magnus vs HDFC MoneyBack+
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
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. Run your own monthly spend through the maximizer to see which one pays you more.
›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.