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Side-by-Side Comparison|Updated March 2026

Axis Bank Magnus Credit Card vs PhonePe HDFC Bank Uno Credit Card

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

PhonePe HDFC Bank Uno Credit Card

8/10
Annual Fee₹499
Base Rewards0%
NetworkRuPay
View Full Details

Feature-by-Feature Comparison

FeatureAxis Bank Magnus Credit CardPhonePe HDFC Bank Uno Credit Card
Annual Fee₹12,500₹499
Joining Fee₹12,500₹499
Fee Waiver Spend₹25,00,000₹1,00,000
Base Reward Rate0.2%0%
Reward CurrencyEDGE Reward PointsCashPoints
NetworkVisaRuPay
Editor Rating8/108/10
Forex Markup3.5%3.5%

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.

PhonePe HDFC Bank Uno Credit Card

Pros

  • 1:1 reward redemption ratio for statement credit (cashback)
  • Joining fee effectively zeroed out through welcome gift cards
  • Seamless UPI integration on RuPay network with rewards for scan & pay
  • Accelerated rewards on popular online brands like Amazon and Flipkart

Cons

  • No airport lounge access provided in this variant
  • Strict monthly caps of 500 points per category
  • No reward points on offline/in-store swipes (non-UPI)

Our Verdict

Both Axis Bank Magnus Credit Card and PhonePe HDFC Bank Uno Credit Card are strong options. Your choice should depend on your spending pattern and which card's rewards align better with your lifestyle.

Choose Axis Bank Magnus Credit Card if

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

Choose PhonePe HDFC Bank Uno Credit Card if

Users who heavily utilize PhonePe for bill payments, recharges, and travel bookings will benefit most from the 2% reward rate.

Frequently Asked Questions

Which is better: Axis Bank Magnus Credit Card or PhonePe HDFC Bank Uno Credit Card?
Both Axis Bank Magnus Credit Card and PhonePe HDFC Bank Uno Credit Card are strong options. Your choice should depend on your spending pattern and which card's rewards align better with your lifestyle.
What is the annual fee difference between Axis Bank Magnus Credit Card and PhonePe HDFC Bank Uno Credit Card?
Axis Bank Magnus Credit Card has an annual fee of ₹12,500, while PhonePe HDFC Bank Uno Credit Card has an annual fee of ₹499. Axis Bank Magnus Credit Card offers a fee waiver on ₹25,00,000 annual spend. PhonePe HDFC Bank Uno Credit Card offers a fee waiver on ₹1,00,000 annual spend.
Which card has better rewards: Axis Bank Magnus Credit Card or PhonePe HDFC Bank Uno Credit Card?
Axis Bank Magnus Credit Card offers a base reward rate of 0.2%. PhonePe HDFC Bank Uno Credit Card offers 0% base rewards. The better choice depends on your primary spending categories.
Can I have both Axis Bank Magnus Credit Card and PhonePe HDFC Bank Uno Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. Axis Bank Magnus Credit Card and PhonePe HDFC Bank Uno Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: Axis Bank Magnus Credit Card or PhonePe HDFC Bank Uno Credit Card?
For beginners, PhonePe HDFC Bank Uno Credit Card 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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