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Axis Bank Magnus Credit Card vs HDFC Bank Infinia Metal Credit Card
On net annual value, HDFC Bank Infinia Metal beats Axis Bank Magnus in all four spend profiles we model, from ₹29,445 a year for everyday spenders to ₹73,650 for high spenders. HDFC Bank Infinia Metal is issued by invitation only, while Axis Bank Magnus is open to applications. Figures as of .
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Who comes out ahead — by how you spend
Estimated net annual value for four typical spend profiles: the rewards each card earns on that spend (a merchant or portal bonus only on the share of spend it plausibly reaches), plus the perks and milestone bonuses that spender would use, less any annual fee the spend does not waive (with GST) and the forex markup on spending abroad. Lounge access carries no rupee value here. Where the fee is charged, a card’s renewal points are counted too.
| Spender | Axis Bank Magnus Credit Card | HDFC Bank Infinia Metal Credit Card |
|---|---|---|
Everyday spender ≈ ₹40k/mo across groceries, bills, dining and fuel | −₹5,342/yr | ₹24,103/yr✓ +₹29,445/yr |
Online shopper ≈ ₹60k/mo, mostly e-commerce and subscriptions | ₹1,042/yr | ₹40,339/yr✓ +₹39,297/yr |
Frequent traveller ≈ ₹1.2L/mo with heavy travel and forex spend | ₹12,778/yr | ₹71,766/yr✓ +₹58,988/yr |
High spender ≈ ₹2.5L/mo across every category | ₹57,072/yr | ₹1,30,722/yr✓ +₹73,650/yr |
Not in these numbers: both include airport lounge access — real perks that can outweigh a small gap.
Illustrative profiles, not a personalised result — your categories decide the real winner. Run these two on my spending →
What your points are actually worth
A point's headline value means little without the earn rate behind it. Here's the real math — the value of a point by how you redeem it, the resulting return by category, and the net rupees for your own spend.
| Value of one point, by route | Axis Bank Magnus Credit CardAxis EDGE Reward Points | HDFC Bank Infinia Metal Credit CardHDFC Reward Points |
|---|---|---|
| Cash / statement credit | ₹0.20 | ₹0.30 |
| Gift vouchers | ₹0.20 | ₹0.30 |
| Travel portal | ₹0.20 | ₹0.50 |
| Airline / hotel transfer | ₹0.405:2BEST | ₹1.001:1BEST |
Return by categoryearn rate × point value
Headline reward rate per category, before monthly caps. Switch the redemption strategy above to see how the picture shifts.
Your spend, head to head
Enter your monthly spend — net value is the annual rewards after the card fee, at each card's best realistic redemption (our recommender's model, caps and fee-waivers included).
Total ₹60,000/mo · ₹7,20,000/yr
Want the money-first pick across your whole wallet? Run the recommender →
| Axis Bank Magnus Credit Card | HDFC Bank Infinia Metal Credit Card | |
|---|---|---|
| Fees | ||
| Joining fee | ₹12,500 | ₹12,500 |
| Annual fee | ₹12,500/yr | ₹12,500/yr |
| Annual fee — all-in (incl. 18% GST) | ₹14,750 | ₹14,750 |
| Fee waiver at | ₹25,00,000/yr spend | ₹10,00,000/yr spend |
| Welcome benefit | ~₹12,500 | ~₹12,500 |
| Rewards | ||
| Best everyday reward | 2.4% on everyday spends | 3.3% on Groceries ✓ |
| Groceries | 2.4% | 3.3% ✓ |
| Insurance | — | 3.3% |
| Online Shopping | 2.4% | 3.3% ✓ |
| Base rate — other spends | 2.4% | 3.3% ✓ |
| Travel | 2.4% | 3.3% ✓ |
| Utility Bills | — | 3.3% |
| Charges | ||
| Forex markup | 2% | 2% |
| Finance charge | 3% p.m. | 1.99% p.m. |
| Cash advance | — | — |
| Add-on card | — | — |
| Perks | ||
| concierge | — | ~₹5,000/yr · 24x7 lifestyle and travel concierge service |
| fuel waiver | ~₹1,200/yr · 1% fuel-surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹400 per statement cycle — note that fuel itself earns no EDGE Reward Points on this card | — |
| golf | — | ~₹20,000/yr · Unlimited complimentary golf games and lessons, with a 100% green fee waiver at leading courses across India and select courses worldwide |
| hotel membership | — | ✓ · Complimentary Club Marriott membership for the first year, giving discounts on dining and stays across Marriott properties in Asia-Pacific |
| insurance | — | ~₹3,000/yr · Accidental air death cover of ₹3 crore, emergency overseas hospitalisation up to ₹50 lakh, and credit liability cover up to ₹9 lakh |
| lounge access | ~₹24,000/yr · Unlimited domestic and international visits, plus 4 guest visits a year (cut from 8, 20 Apr 2024). Domestic needs ₹50,000 eligible spend in the previous 3 calendar months (from 1 May 2024). From 28 Aug 2026 Priority Pass no longer opens Indian domestic lounges — show card and boarding pass. | ~₹24,000/yr · Unlimited domestic and international lounge access via complimentary Priority Pass membership, for the primary cardholder and add-on cardholders alike |
| Eligibility | ||
| Min income | ₹2,00,000/mo | — |
| Min age | 18+ yrs | — |
| UPI linked | — | — |
| Expert rating | 3.9 / 5 | 4.9 / 5 ✓ |
Reward rates above are the realistic value you keep — points earned × what a point is worth at each card's own best redemption, before monthly caps — so cards with different point values compare fairly. Bank-portal accelerators (earned only by booking through the issuer's own portal, on a slice of spend) are bounded upside, listed separately here rather than blended into the everyday rates.
Bonus via the bank's own portal
- 5X Reward Points on SmartBuy flights and buses (~16.5%), 10X on hotels (~33%); 1 point = ₹1. HDFC caps the accelerated points at 15,000 a month across all SmartBuy, vouchers included; base points keep earning. Brand vouchers have their own row.
- 5X Reward Points on GyFTR/Woohoo brand vouchers bought on SmartBuy (~16.5%). The accelerated points cap at 3,000 a month, inside the 15,000 SmartBuy cap; base points keep earning after that.
Which should you pick?
Choose the Axis Bank Magnus Credit Card if you want strong rewards on everyday spends. Consider the HDFC Bank Infinia Metal Credit Card if you spend more on groceries. Your actual best card depends on how you spend — run your numbers below.
Axis Bank Magnus Credit Card vs HDFC Bank Infinia Metal Credit Card — FAQs
Which has a lower annual fee, Axis Bank Magnus Credit Card or HDFC Bank Infinia Metal Credit Card?
As of 24 Oct 2026, Axis Bank Magnus and HDFC Bank Infinia Metal both charge ₹12,500 a year, or ₹14,750 with 18% GST. Axis Bank Magnus waives it after ₹25,00,000 of spend in a card year, HDFC Bank Infinia Metal after ₹10,00,000.
Do Axis Bank Magnus Credit Card and HDFC Bank Infinia Metal Credit Card offer airport lounge access?
As of 24 Oct 2026, Axis Bank Magnus and HDFC Bank Infinia Metal both include airport lounge access, on different terms. Axis Bank Magnus lists unlimited domestic and international airport lounge access, with the domestic visits unlocked by ₹50,000 of spend in the previous quarter. HDFC Bank Infinia Metal lists unlimited domestic and international airport lounge access. For spending abroad, Axis Bank Magnus and HDFC Bank Infinia Metal both add a 2% forex markup.
Which card has lower forex markup, Axis Bank Magnus Credit Card or HDFC Bank Infinia Metal Credit Card?
As of 24 Oct 2026, Axis Bank Magnus and HDFC Bank Infinia Metal charge the same 2% forex markup. With 18% GST on the markup, each foreign-currency transaction on Axis Bank Magnus or HDFC Bank Infinia Metal costs about 2.36% extra, roughly ₹2,360 on ₹1,00,000 spent abroad.
For a frequent traveller, is the Axis Bank Magnus Credit Card or HDFC Bank Infinia Metal Credit Card better value?
On figures as of 24 Oct 2026, HDFC Bank Infinia Metal comes out ahead for a frequent traveller (about ₹1.2 lakh a month with heavy travel and forex spend), with a net annual value (rewards, perks and milestones, less the annual fee and forex markup) of ₹71,766 against ₹12,778 on Axis Bank Magnus, a ₹58,988 gap. At this spend HDFC Bank Infinia Metal waives its ₹12,500 annual fee.
For everyday spending, which returns more: Axis Bank Magnus Credit Card or HDFC Bank Infinia Metal Credit Card?
On figures as of 24 Oct 2026, HDFC Bank Infinia Metal comes out ahead for an everyday spender (about ₹40,000 a month across groceries, bills, dining and fuel), with a net annual value (rewards, perks, milestones and renewal points, less the annual fee and forex markup) of ₹24,103 against −₹5,342 on Axis Bank Magnus, a ₹29,445 gap. Best everyday rates: 2.4% on everyday spends for Axis Bank Magnus, 3.3% on everyday spends for HDFC Bank Infinia Metal.
Which is better, Axis Bank Magnus Credit Card or HDFC Bank Infinia Metal Credit Card?
As of 24 Oct 2026, Axis Bank Magnus earns 2.4% on everyday spends at best, paid as Axis EDGE Reward Points, and HDFC Bank Infinia Metal earns 3.3% on everyday spends outside merchant or portal bonuses, paid as HDFC Reward Points. HDFC Bank Infinia Metal comes out ahead on net annual value in all four spend profiles we model. Of the two, only Axis Bank Magnus takes applications today; HDFC Bank Infinia Metal is issued by invitation only.