Axis Bank has increased 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 will continue paying the current fee until their next renewal, so the change does not hit current users immediately. The card’s premium perks, including Meet & Greet and 8 Priority Pass visits per year, remain unchanged. This is a fee increase, not a rewards enhancement, and it affects only new applicants from the effective date.
The fee jump of ₹2,500 represents a 25% increase before GST, which materially raises the break-even point for the card. Since the signature benefits remain intact, Axis Bank is clearly preserving the premium positioning of Magnus while asking new customers to pay more for entry. The 8 Priority Pass visits per year and Meet & Greet benefit continue, which helps justify the higher fee for frequent travelers. However, the card now requires more spending or more frequent use of premium benefits to deliver the same value proposition as before.
For customers comparing premium cards, the revised fee pushes Axis Magnus closer to super-premium territory and makes it less attractive against cards like HDFC Diners Club Black or SBI Elite on pure fee-to-benefit ratio, depending on the user’s travel pattern. Existing cardholders are protected for now, which softens the blow, but new applicants must evaluate whether the premium benefits justify ₹12,500 + GST. The change is likely negative for value-conscious premium users and neutral to slightly positive for heavy travelers who fully use the lounge and concierge-style benefits.
Prospective applicants should note the May 1, 2026 cutoff carefully: applications submitted after that date will likely be subject to the higher fee. If a customer wants the lower fee, they should apply before the effective date and confirm the fee shown in the sanction or welcome communication. Because this is a fee revision rather than a promotional offer, there is no coupon code or enrollment process. Applicants should also verify whether the first-year fee is billed upfront or on card issuance, and whether GST is charged separately on the revised annual fee.