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Side-by-Side Comparison|Updated March 2026

Axis Bank Magnus Credit Card vs HDFC Bank - Tata Neu Plus HDFC Bank

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

Axis Bank

Axis Bank Magnus Credit Card

8/10
Annual Fee₹12,500
Base Rewards0.2%
NetworkVisa
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HDFC Bank

HDFC Bank - Tata Neu Plus HDFC Bank

8.2/10
Annual Fee₹499
Base Rewards1%
NetworkRuPay
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Feature-by-Feature Comparison

FeatureAxis Bank Magnus Credit CardHDFC Bank - Tata Neu Plus HDFC Bank
Annual Fee₹12,500₹499
Joining Fee₹12,500₹499
Fee Waiver Spend₹25,00,000₹1,00,000
Base Reward Rate0.2%1%
Reward CurrencyEDGE Reward PointsNeuCoin
NetworkVisaRuPay
Editor Rating8/108.2/10
Forex Markup3.5%3.5%

Accelerated Rewards

Axis Bank Magnus Credit Card

No accelerated rewards listed

HDFC Bank - Tata Neu Plus HDFC Bank

  • 0% on Tata Neu App & Partner Brands
  • 0% on Tata Neu App (with NeuPass)
  • 0% on Tata Neu UPI Spends
  • 0% on Other UPI Spends

Pros & Cons

Axis Bank Magnus Credit Card

Pros

  • High reward rate of 17.5 EDGE points per ₹200 on spends above ₹1.5 Lakhs monthly.
  • Unlimited domestic and international lounge access for primary and add-on cardholders.
  • Low foreign currency markup fee of 2% for international transactions.
  • Welcome benefit voucher worth ₹12,500 effectively offsets the joining fee.

Cons

  • Significant devaluation in 2024 removed monthly milestone bonuses and concierge services.
  • High annual fee waiver threshold of ₹25 Lakhs is difficult for most users to reach.
  • Reward points transfer ratio to air miles reduced from 5:4 to 5:2 for non-Burgundy users.

HDFC Bank - Tata Neu Plus HDFC Bank

Pros

  • Up to 7% value back on Tata Neu app spends (2% base + 5% NeuPass).
  • 1% back on UPI spends via Tata Neu UPI (RuPay variant).
  • 1 NeuCoin = ₹1, offering simple and transparent redemption.
  • Low annual fee of ₹499 with a reachable waiver at ₹1 Lakh spend.

Cons

  • Domestic lounge access is now milestone-based (₹50,000 spend per quarter).
  • No international lounge access compared to the Infinity variant.
  • Reward capping on grocery spends (1,000 NeuCoins per month).

Our Verdict

HDFC Bank - Tata Neu Plus HDFC Bank edges ahead overall with a stronger combination of rewards and value. However, Axis Bank Magnus Credit Card could be the better pick if its specific category strengths match your spending habits.

Choose Axis Bank Magnus Credit Card if

Best value is unlocked after crossing the ₹1.5 Lakh monthly spend threshold.

Choose HDFC Bank - Tata Neu Plus HDFC Bank if

High rewards on BigBasket, Croma, Tata 1mg, and Air India.

Frequently Asked Questions

Which is better: Axis Bank Magnus Credit Card or HDFC Bank - Tata Neu Plus HDFC Bank?
HDFC Bank - Tata Neu Plus HDFC Bank edges ahead overall with a stronger combination of rewards and value. However, Axis Bank Magnus Credit Card could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between Axis Bank Magnus Credit Card and HDFC Bank - Tata Neu Plus HDFC Bank?
Axis Bank Magnus Credit Card has an annual fee of ₹12,500, while HDFC Bank - Tata Neu Plus HDFC Bank has an annual fee of ₹499. Axis Bank Magnus Credit Card offers a fee waiver on ₹25,00,000 annual spend. HDFC Bank - Tata Neu Plus HDFC Bank offers a fee waiver on ₹1,00,000 annual spend.
Which card has better rewards: Axis Bank Magnus Credit Card or HDFC Bank - Tata Neu Plus HDFC Bank?
Axis Bank Magnus Credit Card offers a base reward rate of 0.2%. HDFC Bank - Tata Neu Plus HDFC Bank offers 1% base rewards with bonuses on Tata Neu App & Partner Brands and Tata Neu App (with NeuPass). The better choice depends on your primary spending categories.
Can I have both Axis Bank Magnus Credit Card and HDFC Bank - Tata Neu Plus HDFC Bank?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. Axis Bank Magnus Credit Card and HDFC Bank - Tata Neu Plus HDFC Bank can complement each other if they cover different reward categories.
Which card is better for beginners: Axis Bank Magnus Credit Card or HDFC Bank - Tata Neu Plus HDFC Bank?
For beginners, HDFC Bank - Tata Neu Plus HDFC Bank may be more approachable with a lower annual fee of ₹499. However, evaluate based on your expected spending pattern rather than fee alone.

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