6 EDGE Reward Points / ₹100
Strong data Pairwise comparison
Compare 3+ cards →
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.
The short answer
VerdictHead-to-head
Three core metrics- Annual fee Magnus saves ₹7,500/yrMagnus ₹12,500 Waivable at ₹25,00,000 spendPremier ₹20,000 Annual-fee waiver not offered
- Forex markup Premier saves ~₹1,010 per ₹1L abroadMagnus 2%Premier 0.99%
- Domestic lounge Magnus has unlimited domestic visitsMagnus UnlimitedPremier 24/year (6 per quarter)
Reward earning explained
Per card3 pts / ₹100 · Up to 36 pts / ₹100 on Hsbc Travel With Points Hotels
Strong 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 24/year (6 per quarter)).
-
Travel HSBC India Premier wins HSBC India Premier is better for travel
HSBC India Premier is stronger here. Forex markup is 0.99%.
-
Forex markup HSBC India Premier wins HSBC India Premier is better for forex
HSBC India Premier is stronger here. Forex markup is 0.99%.
-
Lounge access Axis Bank Magnus wins Axis Bank Magnus is better for lounge access
Axis Bank Magnus is stronger here. Axis Bank Magnus offers unlimited domestic lounge visits versus 24 per year.
-
Rewards Insufficient data Insufficient data to compare rewards
Available evidence is incomplete: Axis Bank Magnus conservative base value ~1.2000000000000002% per ₹100. HSBC India Premier is not safely INR-comparable (no usable point value).
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.
| Field | Magnus Axis Bank | Premier HSBC India |
|---|---|---|
| Insurance — Lost card liability cover Only available for HSBC Premier | Not specified | ₹3 lakh |
| Insurance — Underwriter Only available for HSBC Premier | Not specified | Insured by ICICI Lombard General Insurance Company Limited |
| Lounge Access | ||
| Domestic lounge visits Unlimited vs 24/year (6 per quarter) | Unlimited | 24/year (6 per quarter) |
| International lounge visits Unlimited vs 2 per year | Unlimited | 2 per year |
| Forex / International Use | ||
| Forex markup Source agreement differs — verify both. 2% vs 0.99% | 2% | 0.99% |
| Fees | ||
| Recurring annual fee ₹12,500 vs ₹20,000 | ₹12,500 | ₹20,000 |
| Annual-fee waiver ₹25,00,000 vs Not offered | ₹25,00,000 | Not offered |
| Interest-free period Only available for Magnus | Up to 50 days | Not specified |
| Monthly interest rate Only available for HSBC Premier | Not specified | 2.99% / month |
| Fuel benefit 1% surcharge waiver · ₹400–₹4,000 transactions · ₹400/month waiver cap · Fuel rewards excluded vs 1% surcharge waiver · ₹400–₹4,000 transactions | 1% surcharge waiver · ₹400–₹4,000 transactions · ₹400/month waiver cap · Fuel rewards excluded | 1% surcharge waiver · ₹400–₹4,000 transactions |
| Rewards | ||
| Points per ₹100 6 EDGE Reward Points / ₹100 vs 3 pts / ₹100 | 6 EDGE Reward Points / ₹100 | 3 pts / ₹100 |
| Conservative base value ~1.2% vs Not safely INR-comparable | ~1.2% | Not safely INR-comparable |
| Earn ceiling Not stated vs 18,000 points per month — shared across Hsbc Travel With Points Cars, Hsbc Travel With Points Flights & Hsbc Travel With Points Hotels | Not stated | 18,000 points per month — shared across Hsbc Travel With Points Cars, Hsbc Travel With Points Flights & Hsbc Travel With Points Hotels |
| 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
- Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.
Axis Bank Magnus
Verify with issuer , opens external siteHSBC India Premier
Verify with issuer , opens external site