Axis Bank Magnus Credit Card vs Hsbc Travelone Credit Card: Which is Better in 2026?
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The Axis Bank Magnus Credit Card and the HSBC Travelone Credit Card both cater to frequent travelers but differ significantly in fees, rewards structure, and lounge access. Axis Bank Magnus offers unlimited domestic and international lounge visits with a higher joining and renewal fee, while HSBC Travelone provides limited lounge access and lower fees. Their rewards programs focus on travel-related spending but vary in earning rates and milestone benefits.
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 | Hsbc Travelone Credit Card |
|---|---|---|
| Bank | Axis Bank | HSBC |
| Network | MasterCard | MasterCard |
| Joining fee | Joining Fee of Rs.12500 | Joining Fee - Rs.4999 |
| Annual / renewal fee | Second Year Onwards Annual Fee of Rs.12500 | Annual Fees - Rs.4999 |
| Annual fee waiver | Spend Rs.25 Lakhs For Annual Fee Waiver | Spend Rs.8 Lakhs For Renewal Fee Waiver |
| Reward rate (headline) | Earn 35 eDGE Reward Points Per Rs.200 | Earn 6X Reward Points on Hotels |
| Lounge — domestic | Enjoy Unlimited Complimentary Lounge Visits in India | 6 Complimentary Domestic Airport Lounge Access Per Year |
| Lounge — international | Enjoy Unlimited Complimentary International Lounge Visits | 4 Complimentary International Lounge Access Per Year |
| Welcome benefit | Welcome Benefits - Voucher Worth Rs.12500 | 3 months EazyDiner Prime Membership |
| Milestone benefit | — | Earn 3000 Reward Points on Spend of Rs.1 Lakhs; Earn 10000 Reward Points on Spend of Rs.1200000 |
| Foreign currency markup | 2% - Foreign Currency Transactions | 3.5% - Foreign Currency Transactions |
Which is better for rewards?
The Axis Bank Magnus Credit Card offers a more rewarding points system for travel-related spends, including 5X reward points via Travel eDGE and additional points for high monthly spends. It also allows redemption for partner miles, enhancing its value for frequent travelers. HSBC Travelone provides decent rewards with 6X points on hotels and 4X on flights but has lower base earning rates and caps on some categories. Overall, Axis Bank Magnus is better suited for users seeking higher reward potential, especially on travel expenses.
Which is better for travel?
In terms of travel benefits, Axis Bank Magnus stands out with unlimited complimentary lounge access both domestically and internationally, which is ideal for frequent flyers. HSBC Travelone offers a limited number of lounge visits annually (6 domestic and 4 international) and includes golf benefits such as complimentary rounds and lessons, which may appeal to niche travelers. However, for pure travel convenience and lounge access, Axis Bank Magnus provides a more comprehensive package.
Which has lower effective cost?
The HSBC Travelone Credit Card has significantly lower joining and annual fees (Rs. 4999) compared to the Axis Bank Magnus (Rs. 12500). The fee waiver threshold is also lower for HSBC (Rs. 8 Lakhs) versus Axis Bank (Rs. 25 Lakhs), making HSBC Travelone more accessible for moderate spenders. However, Axis Bank Magnus offers a welcome voucher worth Rs. 12500, which may offset its higher fees for some users. Additionally, Axis Bank Magnus charges a lower forex markup of 2% compared to HSBC's 3.5%, which is beneficial for international transactions.
Forex Charges Comparison
Axis Bank Magnus charges a 2% forex markup fee on foreign currency transactions, which is lower than HSBC Travelone's 3.5%. This makes Axis Bank Magnus more cost-effective for international spending.
Milestone Benefits
HSBC Travelone offers milestone rewards such as 3000 points on spending Rs. 1 lakh and 10,000 points on Rs. 12 lakhs annually, providing incremental benefits for consistent spenders. Axis Bank Magnus does not list milestone benefits.
Lounge Access Details
Axis Bank Magnus provides unlimited complimentary lounge visits both in India and internationally, whereas HSBC Travelone limits users to 6 domestic and 4 international lounge visits per year, making the former better for frequent flyers.
Who should pick Axis Bank Magnus Credit Card?
Consider Axis Bank Magnus Credit Card if you are a frequent traveler who values unlimited lounge access and higher reward points on travel spends. Its lower forex markup and ability to earn and redeem partner miles make it suitable for premium users who can meet the higher fee and spending requirements to maximize benefits.
Who should pick Hsbc Travelone Credit Card?
Consider HSBC Travelone Credit Card if you prefer a card with lower joining and annual fees and moderate lounge access. It is a practical choice for travelers who also appreciate golf-related perks and milestone rewards without committing to very high annual spends. This card suits those seeking balanced travel rewards with manageable costs.
Frequently Asked Questions
Axis Bank Magnus has a joining and renewal fee of Rs. 12,500, while HSBC Travelone charges Rs. 4,999 for both.
Yes, Axis Bank Magnus waives the annual fee if you spend Rs. 25 Lakhs annually, and HSBC Travelone waives the renewal fee on spending Rs. 8 Lakhs.
Axis Bank Magnus offers unlimited complimentary domestic and international lounge visits, whereas HSBC Travelone provides 6 domestic and 4 international lounge visits per year.
Axis Bank Magnus charges a 2% forex markup on foreign currency transactions, while HSBC Travelone charges 3.5%.
Axis Bank Magnus provides a welcome voucher worth Rs. 12,500, whereas HSBC Travelone offers a 3-month EazyDiner Prime Membership and a postcard voucher worth Rs. 3,000.
HSBC Travelone offers milestone rewards for spending Rs. 1 lakh and Rs. 12 lakhs, while Axis Bank Magnus does not list milestone benefits.