MAGNUS Credit Card
Rs 12,500Annual fee
Rs 25,00,000Fee waiver spend
UnlimitedDomestic lounge
Domestic lounge conditions
- Domestic lounge access requires minimum spends of ₹50,000 in the previous 3 calendar months; the spend condition is waived for the month of issuance plus the next 3 calendar months.
- Unlimited domestic and international lounge access applies to primary cardholder; guest visits are limited to 4 domestic guest visits per calendar year and 4 international guest visits per card anniversary year on Priority Pass.
2%Forex markup
Best for
Travel, Lounge, Premium, Travel EDGE, High Spends
Top rewards
Travel EDGE: 60 EDGE REWARD Points / ₹200 upto ₹2 lakh per calendar month, then 35 EDGE REWARD Points / ₹200; Eligible Spends Up To ₹1.5 Lakh Per Calendar Month: 12 EDGE REWARD Points / ₹200; Eligible Incremental Spends Above ₹1.5 Lakh Per Calendar Month: 35 EDGE REWARD Points / ₹200
Premier Credit Card
Rs 20,000Annual fee
UnlimitedDomestic lounge
Domestic lounge conditions
- Unlimited complimentary domestic airport lounge access for primary and add-on cardholders.
- Unlimited complimentary international airport lounge access for primary and add-on cardholders.
- 8 complimentary international guest lounge visits per calendar year.
0.99%Forex markup
Best for
Premier, Travel, Lounge, Forex, Premium
Top rewards
Hotels Via HSBC: Up to 36 Reward Points / ₹100; Flights Via HSBC: Up to 18 Reward Points / ₹100; Car Rentals Via HSBC: Up to 6 Reward Points / ₹100
| Feature | MAGNUS Credit Card | Premier Credit Card |
|---|---|---|
| Issuer | Axis Bank | HSBC Bank |
| Network | Visa | Mastercard |
| Joining fee | Rs 12,500 | Rs 12,000 |
| Annual fee | Rs 12,500 | Rs 20,000 |
| Fee waiver spend | Rs 25,00,000 | - |
| Reward type | EDGE Reward Points | Reward Points |
| Best for | Travel, Lounge, Premium, Travel EDGE, High Spends | Premier, Travel, Lounge, Forex, Premium |
| Top reward categories | Travel EDGE: 60 EDGE REWARD Points / ₹200 upto ₹2 lakh per calendar month, then 35 EDGE REWARD Points / ₹200; Eligible Spends Up To ₹1.5 Lakh Per Calendar Month: 12 EDGE REWARD Points / ₹200; Eligible Incremental Spends Above ₹1.5 Lakh Per Calendar Month: 35 EDGE REWARD Points / ₹200 | Hotels Via HSBC: Up to 36 Reward Points / ₹100; Flights Via HSBC: Up to 18 Reward Points / ₹100; Car Rentals Via HSBC: Up to 6 Reward Points / ₹100 |
| SmartBuy / accelerated caps | Not Listed | Not Listed |
| Domestic lounge | Unlimited | Unlimited |
| International lounge | Unlimited | Unlimited |
| Forex markup | 2% | 0.99% |
| Milestone benefits | Annual fee waiver on spends of ₹25 lakh in the preceding card anniversary year, For eligible older customers, historical waiver thresholds may differ as per Axis terms | Annual renewal fee waived for qualified HSBC Premier customers meeting the Premier relationship criteria. |
| Redemption | Air miles: upto ₹ 0.4 per point; Statement credit: upto ₹ 0.2 per point | Air miles: upto ₹ 1 per point |
| Key exclusions | utility and telecom spends, wallet loads, government spends, insurance, gold and jewellery, fuel | Fuel transactions, Cash advances, Card fees, charges, interest, and disputed transactions |