Axis Bank Magnus Credit Card vs HDFC Diners Club Black Credit Card

 Axis Bank Magnus Credit Card and HDFC Diners Club Black Credit Card are two popular credit cards in India that offer a range of benefits and rewards. Let's compare them based on key features, benefits, and rewards to help you make an informed decision.

Welcome Benefits:

Axis Bank Magnus Credit Card: The card offers a welcome bonus of up to 20,000 reward points upon card activation.

HDFC Diners Club Black Credit Card: The card provides a welcome bonus of 10,000 reward points on payment of the annual fee.

Rewards Program:

Axis Bank Magnus Credit Card: This card offers accelerated rewards on various categories such as online shopping, international spends, and dining. Cardholders earn 10 times the reward points on international spends, 4 times on online shopping, and 2 times on dining.

HDFC Diners Club Black Credit Card: With this card, you earn 5 reward points for every Rs. 150 spent. These reward points can be redeemed for travel bookings, luxury hotel stays, and more.

Lounge Access:

Axis Bank Magnus Credit Card: Cardholders enjoy complimentary lounge access at domestic and international airports twice per quarter.

HDFC Diners Club Black Credit Card: This card provides unlimited access to domestic and international lounges for the primary cardholder as well as add-on cardholders.

Travel Benefits:

Axis Bank Magnus Credit Card: Cardholders are eligible for travel insurance coverage of up to Rs. 25 lakhs, along with air accident insurance of up to Rs. 2.5 crores.

HDFC Diners Club Black Credit Card: This card offers travel benefits such as air accident insurance, emergency medical expenses coverage, and lost baggage insurance.

Annual Fee and Renewal Benefits:

Axis Bank Magnus Credit Card: The annual fee for this card is Rs. 10,000. However, the fee is waived off if the annual spending exceeds Rs. 15 lakhs. Cardholders also receive a renewal benefit of 10,000 reward points.

HDFC Diners Club Black Credit Card: The annual fee for this card is Rs. 10,000. However, it can be waived off if the annual spending exceeds Rs. 5 lakhs. Cardholders receive 5,000 reward points on renewal.

Foreign Currency Markup Fee:

Axis Bank Magnus Credit Card: This card charges a foreign currency markup fee of 3.5% for international transactions.

HDFC Diners Club Black Credit Card: The markup fee for international transactions is 2% on this card.

Summary

Both Axis Bank Magnus Credit Card and HDFC Diners Club Black Credit Card offer attractive benefits and rewards. The Axis Bank Magnus Credit Card provides higher rewards on specific categories, while the HDFC Diners Club Black Credit Card offers unlimited lounge access and a comprehensive rewards program. Your choice depends on your spending habits, preferences, and the features that align with your needs. It's advisable to carefully review the terms and conditions of each card before making a decision.






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