Axis Bank has made a meaningful pricing change to the Magnus Credit Card, and new applicants will feel it immediately. The annual fee is going up from ₹10,000 to ₹12,500 + GST for applications made from May 1, 2026. Existing cardholders are protected for now, since they will retain the current fee until their next renewal.
The rest of the card’s headline travel perks are staying in place, which is important context. Axis is keeping the complimentary Meet & Greet benefit and 8 Priority Pass visits per year. So this is not a broad benefit cut — it is specifically a fee increase for new customers while the premium travel positioning remains intact.
Still, a fee hike of this size changes the math. Magnus has always been a card where you need to justify the annual cost with actual usage, and that becomes even more important when the fee moves to ₹12,500 + GST. If you’re someone who can extract value from the travel benefits, concierge-style perks, and premium ecosystem, the card may still make sense. But for anyone who was already on the fence, this makes the entry point noticeably steeper.
This also creates a timing decision for prospective applicants. If you were considering Magnus anyway, the difference between applying before and after May 1, 2026 is now material. That’s exactly the kind of change that should push us to act early if the card is already on the shortlist. For existing users, the immediate pressure is lower, but renewal time will be the moment to reassess whether the fee still matches the value you’re getting.
What You Should Do: If Magnus is on your radar, apply before May 1, 2026 if possible to avoid the higher ₹12,500 + GST fee. Existing cardholders should watch their next renewal closely and compare the card’s retained perks — especially the 8 Priority Pass visits per year — against cheaper alternatives.