Axis Bank Magnus vs Diners Club Black Metal Edition

Reviewed by Chandan Kumar Dash

Diners Club Black Metal Edition has the lower annual fee (₹10,000 against ₹12,500). Axis Bank Magnus waives its fee on ₹25,00,000 of spend a year; Diners Club Black Metal Edition waives its fee on ₹8,00,000 of spend a year. On all three sample spends below, Diners Club Black Metal Edition comes out ahead after fees. The Saifu app works it out on your own spends, on your phone.

Feature	Axis Bank MagnusAxis0 wins	Diners Club Black Metal EditionHDFC3 wins · ahead
Annual fee	₹12,500	Lower₹10,000
Joining fee	₹12,500	Lower₹10,000
Fee waiver	Waived on ₹25,00,000 spend a year	LowerWaived on ₹8,00,000 spend a year
Rewards	12 EDGE Reward Points per ₹200 up to ₹1.5 lakh monthly spends, 35 per ₹200 above that; 5X on Travel EDGE; unlimited lounge access	2X rewards on weekend dining; 6 complimentary golf games per quarter
Airport lounges	unlimited domestic, unlimited international	unlimited domestic, unlimited international
Forex markup	2% plus GST	2% plus GST
Points	EDGE Reward Points, about ₹0.2 a point	Reward Points, about ₹0.3 a point
Published minimum income and age	Salaried ₹24,00,000 a year, self-employed ₹24,00,000 a year, age 18 to 70	Salaried ₹30,00,000 a year, self-employed ₹30,00,000 a year, age 21 to 60
Network	Not listed	Diners Club
Apply	ApplyAffiliate link	ApplyAffiliate link

Badges mark the lower fee, waiver spend or markup, and more lounge visits. Rewards are not scored here because they depend on where you spend. Affiliate link, costs you nothing extra, we may earn a commission, never changes how cards are ranked. Figures come from each bank's page and can change; check before you apply.

What each card earns in a year

Sample spender	Axis Bank Magnus	Diners Club Black Metal Edition
Everyday spender₹30,000 a month	-₹9,116 a year₹3,384 rewards, less ₹12,500 fee	More-₹6,760 a year₹3,240 rewards, less ₹10,000 fee
Online shopper₹50,000 a month	-₹5,876 a year₹6,624 rewards, less ₹12,500 fee	More-₹4,000 a year₹6,000 rewards, less ₹10,000 fee
Frequent traveller₹1,00,000 a month	₹604 a year₹13,104 rewards, less ₹12,500 fee	More₹11,400 a year₹11,400 rewards, no fee to pay

The sample spends and how this is worked out

Everyday spender, ₹30,000 a month: DMart ₹6,000, BigBasket ₹2,000, Swiggy ₹2,000, Zomato ₹1,500, Amazon ₹3,000, Flipkart ₹1,500, Bills paid on Google Pay ₹2,500, Airtel ₹1,000, Indian Oil ₹3,000, Restaurant (in person) ₹2,500, Uber ₹1,000, Other spends in shops ₹4,000.
Online shopper, ₹50,000 a month: Amazon ₹10,000, Flipkart ₹8,000, Myntra ₹3,000, Swiggy ₹4,000, Zomato ₹3,000, Blinkit ₹4,000, BookMyShow ₹1,500, Uber ₹2,000, Bills paid on Google Pay ₹3,000, Jio ₹1,000, Netflix ₹500, Restaurant (in person) ₹3,000, Other spends in shops ₹7,000.
Frequent traveller, ₹1,00,000 a month: MakeMyTrip ₹10,000, Cleartrip ₹5,000, IRCTC ₹2,000, IndiGo ₹10,000, Marriott Bonvoy hotels ₹8,000, Spends abroad ₹15,000, Uber ₹4,000, Restaurant (in person) ₹8,000, Amazon ₹10,000, Swiggy ₹5,000, DMart ₹8,000, Bills paid on Google Pay ₹4,000, Indian Oil ₹5,000, Other spends in shops ₹6,000.

Worked out with the same reward rules and caps the Saifu app uses. Points are counted at the cash value in the table above. The annual fee counts as waived when the spend reaches the waiver. Joining fees, welcome gifts and milestone vouchers are not counted. Your own spends will give different figures.

Common questions

Which is better, Axis Bank Magnus or Diners Club Black Metal Edition?

On all three sample spends below, Diners Club Black Metal Edition comes out ahead after fees. It depends on where you spend: compare the figures for the sample spender closest to you, or add your own spends in the Saifu app.

Which has the lower annual fee?

Diners Club Black Metal Edition (₹10,000 against ₹12,500). Axis Bank Magnus waives it on ₹25,00,000 of spend a year. Diners Club Black Metal Edition waives it on ₹8,00,000 of spend a year.

Add a third card Axis Bank Magnus Diners Club Black Metal Edition

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