vs
In short: HDFC Diners Club Black has the lower annual fee (₹10,000 vs ₹12,500); both include unlimited domestic & international lounge access; both charge a 2% forex markup.
| Key facts | Axis Magnus | HDFC Diners Club Black |
|---|---|---|
| Annual fee | ₹12,500 | ₹10,000 |
| Joining fee | ₹12,500 | ₹10,000 |
| Annual fee waived | On ₹25 lakh annual spend | On ₹5 lakh annual spend |
| Top reward rate | 5X Reward Points on Spends via Travel eDGE | 2X Reward Points per ₹150 on Dining |
| Base rewards | 12 eDGE Reward Points Per ₹200 | 5 reward points For Every ₹150 |
| Lounge access | Unlimited domestic & international lounge access | Unlimited domestic & international lounge access |
| Forex markup | 2% | 2% |
From issuer benefit data, checked 6 Nov 2026. Milestones, welcome benefits and caps are in the full table below.
The Axis Bank Magnus Credit Card and the HDFC Bank Diners Club Black Credit Card both offer premium benefits including unlimited domestic and international lounge access and fuel surcharge waivers. Axis Bank Magnus has a higher joining and renewal fee with a waiver threshold of Rs.25 lakhs, while HDFC Diners Club Black has a lower fee and waiver threshold of Rs.5 lakhs. Rewards structures differ, with Axis Bank Magnus focusing on travel-related accelerated points and HDFC Diners Club Black providing multipliers on dining and other categories along with multiple complimentary memberships.
Comparison notes and quick badges use AI, grounded in the benefit data shown in the table. Confirm details on each issuer’s site.
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| Feature | Axis Bank Magnus Credit Card | HDFC Bank Diners Club Black Credit Card |
|---|---|---|
| Bank | Axis Bank | HDFC Bank |
| Network | MasterCard | Diners |
| Joining fee | Joining Fee of Rs.12500 | Joining Fee of Rs.10000 |
| Annual / renewal fee | Second Year Onwards Annual Fee of Rs.12500 | Renewal Fee of Rs.10000 |
| Annual fee waiver | Spend Rs.25 Lakhs For Annual Fee Waiver | Spend Rs.500000 For Renewal Fee Waiver |
| Top reward rate | Earn 5X Reward Points on Spends via Travel eDGE | Earn 2X Reward Points per Rs.150 on Dining |
| Base rate (other spends) | Earn 12 eDGE Reward Points Per Rs.200 | Earn 5 Rewards Points For Every Rs.150 |
| Lounge — domestic | Enjoy Unlimited Complimentary Lounge Visits in India | Enjoy Unlimited Complimentary Lounge Visits in India |
| Lounge — international | Enjoy Unlimited Complimentary International Lounge Visits | Enjoy Unlimited Complimentary International Lounge Visits |
| Fuel surcharge waiver | 1% Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver |
| Welcome benefit | Welcome Benefits - Voucher Worth Rs.12500 | Complimentary Amazon Prime Annual Membership |
| Milestone benefit | — | Complimentary Amazon Prime Annual Membership; Complimentary Club Marriott Annual Membership |
| Foreign currency markup | 2% - Foreign Currency Transactions | 2% - Foreign Currency Transactions |
For rewards, Axis Bank Magnus offers a top rate of 5X points on travel spends via Travel eDGE and a base earning of 12 eDGE points per Rs.200, with additional accelerated points on high monthly spends. HDFC Diners Club Black provides 2X points on dining and 5 points per Rs.150 on various categories including grocery and insurance, plus 10X points on Smartbuy. Axis Bank Magnus is better suited for those prioritizing travel rewards, while HDFC Diners Club Black offers broader category rewards and valuable complimentary memberships.
Both cards provide unlimited complimentary lounge access domestically and internationally, making them equally strong for frequent travelers. Axis Bank Magnus has a slight edge with its travel eDGE points acceleration and partner mile redemption options. HDFC Diners Club Black enhances travel value through multiple complimentary memberships such as Amazon Prime, Club Marriott, and MakeMyTrip Black Gold tier, which can be valuable for travel and lifestyle benefits. Hence, travel benefits are closely matched but differ in focus between points and memberships.
Axis Bank Magnus carries a higher joining and renewal fee of Rs.12,500 with a waiver threshold of Rs.25 lakhs annual spend, which is quite steep and suited for very high spenders. HDFC Diners Club Black has a lower fee of Rs.10,000 and a much more accessible waiver threshold of Rs.5 lakhs, making it more cost-effective for premium card users with moderate to high spends. Both cards charge a 2% forex markup and offer a 1% fuel surcharge waiver. Overall, HDFC Diners Club Black is more beginner-friendly and affordable in terms of effective cost.
HDFC Diners Club Black stands out with several complimentary memberships including Amazon Prime, Club Marriott, MakeMyTrip Black Gold, Swiggy One, and Times Prime, which add significant lifestyle and travel value. Axis Bank Magnus does not list such memberships in our data.
Axis Bank Magnus requires a very high annual spend of Rs.25 lakhs to waive the Rs.12,500 annual fee, making it suitable for ultra-premium users. In contrast, HDFC Diners Club Black offers a fee waiver at Rs.5 lakhs, which is more attainable for many premium cardholders.
Consider Axis Bank Magnus Credit Card if you are a high spender looking for strong travel rewards with accelerated points on travel spends and unlimited lounge access. It is ideal if you can comfortably meet the Rs.25 lakh annual spend for fee waiver and want to maximize travel-related benefits and partner mile redemptions.
Consider HDFC Bank Diners Club Black Credit Card if you prefer a lower annual fee with a more achievable waiver threshold of Rs.5 lakhs and value a diversified rewards program that includes dining, grocery, and utility spends. This card is also suitable if you want multiple complimentary memberships like Amazon Prime and MakeMyTrip Black Gold to enhance your lifestyle and travel experiences.
Axis Bank Magnus has a joining and renewal fee of Rs.12,500, while HDFC Diners Club Black charges Rs.10,000 for both.
Yes, Axis Bank Magnus waives the annual fee if you spend Rs.25 lakhs annually, whereas HDFC Diners Club Black waives the renewal fee on Rs.5 lakhs annual spend.
Axis Bank Magnus offers 5X points on travel spends and 12 eDGE points per Rs.200 generally. HDFC Diners Club Black offers 2X points on dining and 5 points per Rs.150 on categories like grocery and utilities.
Yes, both cards offer unlimited complimentary domestic and international lounge visits.
Both cards charge a 2% forex markup on foreign currency transactions.
Yes, both cards provide a 1% fuel surcharge waiver.