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Axis Bank Magnus vs HDFC Bank Infinia Metal: Which Card Is Better?

A side-by-side comparison of Axis Bank Magnus and HDFC Bank Infinia Metal credit cards: fees, reward rates by category, caps, forex markup, lounge access, and which one earns more for different kinds of spenders.

Verdict

HDFC Bank Infinia Metal earns more in 7 of the 7 spending profiles we tested. Choose Axis Magnus for very high spenders who transfer points to airline partners. Choose HDFC Infinia for very high spenders who want india’s top reward rate.

Spending profileAxis MagnusHDFC InfiniaWinner
Balanced spender₹-6,974₹-2,762HDFC Infinia (+₹4,212)
Online shopper₹-5,966₹-1,763HDFC Infinia (+₹4,203)
Frequent traveller₹274₹8,392HDFC Infinia (+₹8,118)
Family & groceries₹-3,806₹2,832HDFC Infinia (+₹6,638)
Foodie₹-5,534₹-1,164HDFC Infinia (+₹4,370)
Daily commuter₹-9,422₹-6,159HDFC Infinia (+₹3,263)
High spender₹22,762₹56,891HDFC Infinia (+₹34,129)

Estimated yearly value after caps, fees (with GST) and forex costs. Try your own spends →

Axis Magnus vs HDFC Infinia: full comparison

FeatureAxis Bank MagnusHDFC Bank Infinia Metal
Card
Axis Bank MagnusAxis Bank
HDFC Bank Infinia MetalHDFC Bank
Annual fee₹12,500 + GST₹12,500 + GST
Joining fee₹12,500 + GST₹12,500 + GST
Fee waiverWaived on ₹25,00,000 yearly spendWaived on ₹10,00,000 yearly spend
NetworkVisaVisa
Amazon rewards2.4%3.33%
Flipkart rewards2.4%3.33%
Other online shopping rewards2.4%3.33%
Food delivery rewards2.4%3.33%
Dining out rewards2.4%3.33%
Groceries rewards2.4%3.33%
Flights & hotels rewards2.4%3.33%
Fuel rewards0%0%
Bills & recharges rewards0%3.33%
Everything else rewards2.4%3.33%
Forex markup2%2%
Lounge accessUnlimited domestic and international (Priority Pass) lounge accessUnlimited domestic and international lounge access
Reward caps35 EDGE points per ₹200 on monthly spends above ₹1.5 lakh (reported)No major caps
Est. yearly value: balanced spender₹-6,974₹-2,762
Est. yearly value: online shopper₹-5,966₹-1,763
Est. yearly value: frequent traveller₹274₹8,392
Est. yearly value: family & groceries₹-3,806₹2,832
Best forVery high spenders who transfer points to airline partnersVery high spenders who want India’s top reward rate
Pros
  • 12 EDGE points per ₹200, and 35 per ₹200 on monthly spend above ₹1.5 lakh
  • Unlimited domestic and international lounge access
  • 2% forex markup
  • 3.33% value back on regular spends
  • Up to 10X points through HDFC SmartBuy
  • Unlimited lounge access worldwide
  • Complimentary golf and hotel benefits
Cons
  • ₹12,500 fee needs ₹25 lakh yearly spend to waive
  • Two devaluations in a year; Accor, Marriott and Qatar removed as partners in 2026
  • Group A airline transfers at a weak 5:1
  • Largely invite-only, with a very high income requirement
  • Redemption caps added in 2026; retention criteria (₹18 lakh yearly spend or ₹50 lakh relationship) announced from 2027
  • ₹12,500 fee needs ₹10 lakh yearly spend to waive
Visit Axis BankVisit HDFC Bank

FAQs

Which is better, Axis Magnus or HDFC Infinia?

HDFC Bank Infinia Metal comes out ahead in 7 of 7 spending profiles we tested. Choose Axis Bank Magnus if you want a card for very high spenders who transfer points to airline partners. Choose HDFC Bank Infinia Metal if you want a card for very high spenders who want india’s top reward rate.

What is the difference in annual fee between Axis Magnus and HDFC Infinia?

Axis Bank Magnus: ₹12,500 + GST (waived on ₹25,00,000 yearly spend). HDFC Bank Infinia Metal: ₹12,500 + GST (waived on ₹10,00,000 yearly spend).

Which card has a lower forex markup?

Both cards charge 2%.

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