- Annual fee ₹12,500 Waivable at ₹25,00,000 spend
- Forex markup 2%
- Domestic lounge Unlimited
Pairwise comparison
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Axis Bank Magnus vs HSBC India Premier Credit Cards – Fees, Lounge, Forex
Side-by-side comparison of the Axis Bank Magnus and the HSBC India Premier. Verify fees, lounge access, forex markup, and base rewards before you apply.
Travel HSBC India Premier Forex HSBC India Premier Rewards Axis Bank Magnus
Quick comparison
Three core metrics- Annual fee ₹20,000
- Forex markup 0.99%
- Domestic lounge 6/quarter
Reward earning explained
Per card6 pts / ₹100 on General spend (Above ₹1 per cycle)
Limited data3 pts / ₹100 on General spend
Limited dataPick based on what matters
4 dimensionsStart with the constraint you care about most: annual fee (Axis Bank Magnus: ₹12,500 vs HSBC India Premier: ₹20,000), forex markup (2% vs 0.99%), or lounge access (Unlimited vs 6/quarter).
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Travel HSBC India Premier wins HSBC India Premier is better for travel
HSBC India Premier is stronger here. Forex markup is 0.99%.
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Forex markup HSBC India Premier wins HSBC India Premier is better for forex
HSBC India Premier is stronger here. Forex markup is 0.99%.
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Lounge access Tie Both cards are similar for lounge access
Domestic lounge access is unlimited. Domestic lounge access is 6 per quarter.
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Rewards Axis Bank Magnus wins Axis Bank Magnus is better for rewards
Axis Bank Magnus is stronger here. Estimated base reward value is ~1.2% on base spend.
Confidence: Low (limited information available)
Verify with issuer (opens in new tab)All fields
Example usage at this monthly spend
At ₹50k/month spend:
- Magnus: ~₹600/month at base rate
- HSBC Premier: Base earn not clearly specified
Illustrative only, using current base rates before caps.
Swipe for all fields
| Field | Magnus Axis Bank | Premier HSBC India |
|---|---|---|
| Lounge Access | ||
| Domestic lounge visits Unlimited vs 6/quarter | Unlimited | 6/quarter |
| Forex / International Use | ||
| Forex markup 2% vs 0.99% | 2% | 0.99% |
| Fees | ||
| Annual fee ₹12,500 vs ₹20,000 | ₹12,500 | ₹20,000 |
| Joining fee ₹12,500 vs ₹12,000 | ₹12,500 | ₹12,000 |
| Fee waiver spend Only available for Magnus | ₹25,00,000 | Not specified |
| Interest-free period Only available for Magnus | Up to 50 days | Not specified |
| Rewards | ||
| Points per ₹100 6 pts vs 3 pts | 6 pts | 3 pts |
| Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid. Only available for Magnus | ₹0.2 | Not specified |
Notes
- Some data has low confidence — verify with the issuer before relying on it.
- Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.