Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
HDFC Diners Club Black Metal Edition vs Axis Bank Magnus Credit Card for ₹150,000 Monthly Spend
Comparing HDFC Diners Club Black Metal Edition vs Axis Bank Magnus Credit Card at ₹150,000/month. HDFC Diners Club Black Metal Edition wins, delivering ₹108,275 net annual value (6.02% ROI) vs ₹29,314 for Axis Bank Magnus Credit Card.
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₹1,50,000(₹18,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹1,50,000/mo+ ₹78,961/yr Higher Value
HDFC Diners Club Black Metal Edition
Delivers ₹1,08,275 net annual returns (6.02% ROI) vs ₹29,314 on Axis Bank Magnus Credit Card.
Card A
HDFC Diners Club Black Metal Edition
HDFC Bank
₹1,08,275Net Annual Benefit
Gross Rewards:₹1,08,275/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:6.02%
Fee Waiver Progress (8L target):100%
Card B
Axis Bank Magnus Credit Card
Axis Bank
₹29,314Net Annual Benefit
Gross Rewards:₹44,064/yr
Effective Fee (incl. GST):₹14,750
Net ROI on Spend:1.63%
Fee Waiver Progress (25L target):72%
2-Card Optimization HackMaximize Trapped / Capped Spend
+₹18,000/year Extra YieldPair HDFC Diners Club Black Metal Edition + Airtel Axis Bank Credit Card
Pair HDFC Diners Club Black Metal Edition with Airtel Axis Bank Credit Card to capture up to ₹18,000/yr extra on zero-reward categories.
Routes excluded categories:Utility & Offline Spends
Detailed 12-Category Rupee Breakdown (@ ₹1,50,000/mo)
| Spend Category | Monthly Spend | HDFC Diners Club Black Metal Edition | Axis Bank Magnus Credit Card |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹37,500/mo | ₹3,746 (9.99%) | ₹900 (2.4%) |
| Scan & Pay Merchant UPI | ₹22,500/mo | ₹749 (3.33%) | ₹540 (2.4%) |
| Electricity, Water, Gas & Broadband Bills | ₹18,000/mo | ₹599 (3.33%) | 0% Excluded |
| Swiggy, Zomato & Dining Out | ₹18,000/mo | ₹1,199 (6.66%) | ₹432 (2.4%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹15,000/mo | ₹500 (3.33%) | ₹360 (2.4%) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver up to ₹1,000/mo | ₹12,000/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹12,000/mo | ₹1,980 (16.5%) | ₹1,440 (12%) |
| LIC, Health & Term Insurance Premiums | ₹7,500/mo | ₹250 (3.33%) | 0% Excluded |
| House Rent & School/College Fees1% fee on rental transactions; zero reward points | ₹7,500/mo | 0% Excluded | 0% Excluded |
| International Travel & Forex Spends | ₹0/mo | ₹0 (3.33%) | ₹0 (2.4%) |
| Gold, Silver & Jewelry Purchases | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Income Tax, GST & Challan Payments | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Net Annual Benefit | ₹18,00,000/yr | +₹1,08,275 | +₹29,314 |
Frequently Asked Questions
Which card is better between HDFC Diners Club Black Metal Edition and Axis Bank Magnus Credit Card for ₹150,000/month?▼
At ₹150,000/month (₹1,800,000/year), HDFC Diners Club Black Metal Edition mathematically outperforms Axis Bank Magnus Credit Card by ₹78,961/year. HDFC Diners Club Black Metal Edition delivers ₹108,275 net annual benefit (6.02% effective yield), while Axis Bank Magnus Credit Card returns ₹29,314 (1.63% effective yield).
Will the annual fee be waived at ₹150,000 monthly spend?▼
On an annual spend of ₹1,800,000: HDFC Diners Club Black Metal Edition annual fee is waived (₹0). Axis Bank Magnus Credit Card annual fee is payable at ₹14,750 (incl. 18% GST).
How do reward caps impact the earnings on both cards?▼
At this spend tier, HDFC Diners Club Black Metal Edition loses ₹0/year to monthly cashback caps, while Axis Bank Magnus Credit Card loses ₹0/year. HDFC Diners Club Black Metal Edition remains uncapped at this spend. Axis Bank Magnus Credit Card remains uncapped at this spend.
What is the breakeven monthly spend between HDFC Diners Club Black Metal Edition and Axis Bank Magnus Credit Card?▼
HDFC Diners Club Black Metal Edition maintains superior net value across all standard monthly spend brackets between ₹15,000 and ₹2,00,000.