Axis Bank is increasing the annual fee on the Axis Magnus Credit Card from ₹10,000 to ₹12,500 plus GST for new applications starting May 1, 2026. Existing cardholders are protected for now and will continue with the current fee until their next renewal. Importantly, the card’s complimentary Meet & Greet service and 8 Priority Pass lounge visits per year remain intact, so the change is specifically a pricing revision rather than a benefit cut.
The fee increase is significant because it raises the upfront cost of entry by 25% before GST. For a new applicant, the total first-year outlay becomes materially higher, and the card must now justify its place against other premium cards with similar lounge and concierge-style perks. Since the lounge entitlement remains 8 Priority Pass visits per year, the value equation depends more heavily on whether the user can extract enough premium travel and lifestyle benefits to offset the higher fee.
In the premium segment, Axis Magnus now faces tougher comparison pressure from cards such as HDFC Infinia, HDFC Diners Club Black, and SBI Elite. The card still preserves its Meet & Greet benefit, which may appeal to frequent flyers, but the higher fee narrows the margin for casual premium-card users. For existing cardholders, the change is less painful in the short term because the current fee continues until renewal, but the eventual renewal date will determine when the higher cost hits.
To act on this change, new applicants should apply before May 1, 2026 if they want to lock in the current ₹10,000 fee, subject to Axis Bank’s issuance and approval rules. Existing cardholders do not need to do anything immediately, but they should note their renewal cycle and plan accordingly. Because the fee increase is tied to new applications, timing matters more here than enrollment. Applicants should also verify whether the GST component is charged on the revised fee and whether any welcome or renewal bonuses are available separately, since none were specified in the scraped data.