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Side-by-Side Comparison|Updated March 2026

Shoppers Stop Black HDFC Bank Credit Card vs Axis Bank Magnus Credit Card

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

HDFC Bank

Shoppers Stop Black HDFC Bank Credit Card

8.5/10
Annual Fee₹4,500
Base Rewards0.4%
NetworkVisa
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Axis Bank

Axis Bank Magnus Credit Card

8/10
Annual Fee₹12,500
Base Rewards0.2%
NetworkVisa
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Feature-by-Feature Comparison

FeatureShoppers Stop Black HDFC Bank Credit CardAxis Bank Magnus Credit Card
Annual Fee₹4,500₹12,500
Joining Fee₹4,500₹12,500
Fee Waiver Spend₹50,000₹25,00,000
Base Reward Rate0.4%0.2%
Reward CurrencyReward PointsEDGE Reward Points
NetworkVisaVisa
Editor Rating8.5/108/10
Forex Markup3.5%3.5%

Accelerated Rewards

Shoppers Stop Black HDFC Bank Credit Card

  • 0% on Shoppers Stop Private Labels
  • 0% on Other Shoppers Stop Brands

Axis Bank Magnus Credit Card

No accelerated rewards listed

Pros & Cons

Shoppers Stop Black HDFC Bank Credit Card

Pros

  • High 7% reward rate on Shoppers Stop spends (online and offline)
  • Exceptional lounge access (24 total visits) for a mid-tier fee
  • Low annual fee waiver threshold of just ₹50,000
  • Complimentary First Citizen BLACK membership worth ₹4,500

Cons

  • Monthly reward capping of 2,000 points on both SS and non-SS spends
  • Low redemption value (₹0.20) for cashback
  • Excludes rewards on fuel, insurance, and rent

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.

Our Verdict

Shoppers Stop Black HDFC Bank Credit Card 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 Shoppers Stop Black HDFC Bank Credit Card if

Maximum value is derived through 7% rewards and 1:1 voucher redemption at Shoppers Stop.

Choose Axis Bank Magnus Credit Card if

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

Frequently Asked Questions

Which is better: Shoppers Stop Black HDFC Bank Credit Card or Axis Bank Magnus Credit Card?
Shoppers Stop Black HDFC Bank Credit Card 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 Shoppers Stop Black HDFC Bank Credit Card and Axis Bank Magnus Credit Card?
Shoppers Stop Black HDFC Bank Credit Card has an annual fee of ₹4,500, while Axis Bank Magnus Credit Card has an annual fee of ₹12,500. Shoppers Stop Black HDFC Bank Credit Card offers a fee waiver on ₹50,000 annual spend. Axis Bank Magnus Credit Card offers a fee waiver on ₹25,00,000 annual spend.
Which card has better rewards: Shoppers Stop Black HDFC Bank Credit Card or Axis Bank Magnus Credit Card?
Shoppers Stop Black HDFC Bank Credit Card offers a base reward rate of 0.4% with accelerated rewards on Shoppers Stop Private Labels and Other Shoppers Stop Brands. Axis Bank Magnus Credit Card offers 0.2% base rewards. The better choice depends on your primary spending categories.
Can I have both Shoppers Stop Black HDFC Bank Credit Card and Axis Bank Magnus Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. Shoppers Stop Black HDFC Bank Credit Card and Axis Bank Magnus Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: Shoppers Stop Black HDFC Bank Credit Card or Axis Bank Magnus Credit Card?
For beginners, Shoppers Stop Black HDFC Bank Credit Card may be more approachable with a lower annual fee of ₹4,500. However, evaluate based on your expected spending pattern rather than fee alone.

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