Axis Bank is increasing the annual fee on the Axis Magnus Credit Card from ₹10,000 to ₹12,500 plus GST for new applications made from May 1, 2026. Existing cardholders are protected for now and will retain the current fee until their next renewal cycle. The card’s core travel perks remain intact, including complimentary Meet & Greet and 8 Priority Pass visits per year, but the higher entry cost changes the value equation materially for new customers.
The fee hike is straightforward: new applicants will pay ₹2,500 more per year before GST, while current users will not see the new fee until renewal. That makes the timing of application very important. If a customer applies before May 1, 2026 and is approved under the older fee structure, they may avoid the higher annual charge for the first billing cycle, subject to Axis Bank’s final card issuance terms. The benefit side of the card has not been reduced in this update, which is why this is a fee increase rather than a broader reward devaluation.
The impact is strongest on new premium-card applicants comparing Axis Magnus with HDFC Infinia, HDFC Diners Club Black, and SBI Elite. For users who value airport lounge access and concierge-style travel support, Axis Magnus still has a strong proposition, but the ₹12,500 plus GST fee pushes it deeper into super-premium territory. Since the 8 Priority Pass visits per year and Meet & Greet remain, the card still works for travelers, but the higher fee makes break-even harder unless the user extracts significant value from travel redemptions and partner benefits.
Prospective applicants should apply before May 1, 2026 if they want to maximize their chances of getting the lower annual fee, though approval and card issuance timelines can affect which fee applies. Existing cardholders should watch their renewal date carefully and review the fee posted by Axis Bank before the next billing cycle. There is no separate opt-in or promo code for the old fee; it is determined by the application date and, for current users, by the renewal schedule. Anyone considering the card should compare the post-hike economics against Axis Atlas and HDFC Regalia before applying through the official Axis Magnus page.