• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Axis Bank PRIMUS Credit Card above BURGUNDY PRIVATE Credit Card or OLYMPUS Credit Card

bs77

TF Select
VIP Lounge
Axis bank is bringing new top tier credit card above BURGUNDY PRIVATE Credit Card.
only a few details are published

Annual Fee wooping - Rs 1,80,000/- annually and same renewal highest of any card offered by Axis bank
Interest rate - lowest of any card 1% pm or 12.68% per annum
Cash withdrawal Fees - NIL
Fee for Cash Payment - NIL
at branches
Late Payment Fee - NIL
Foreign Currency - NIL
Transaction Fee
Dynamic Currency -NIL
Conversion markup
Rent Transaction Fee - NIL


Source :https://www.axisbank.com/docs/default-source/default-document-library/mitc-credit-cards.pdf



Edit: *** Added terms and condition for Primus card with full benefits explained ***
 

Attachments

Last edited:
Very difficult to get any decent returns after spending so much.
This forum is to discuss how we can maximise our profits from the bank and not the other way around.

We don't want the banks to make profit out of us smart TF experts.
Let them make profit from the average dumb credit card holders who only pay the minimum amount and revolve the credit at crazy high interest rates!
 
Last edited:
Very difficult to get any decent returns after spending so much.
This forum is to discuss how we can maximise our profits from the bank and not the other way around
Remember there's Amex Plat charge card also.

Wait for the details to be revealed out. Maybe they were offering 2L gv for 180k fees paid or equivalent points.

Also, interest rate is quite low.
 
Axis bank is bringing new top tier credit card above BURGUNDY PRIVATE Credit Card.
only a few details are published

Annual Fee wooping - Rs 1,80,000/- annually and same renewal highest of any card offered by Axis bank
Interest rate - lowest of any card 1% pm or 12.68% per annum
Cash withdrawal Fees - NIL
Fee for Cash Payment - NIL
at branches
Late Payment Fee - NIL
Foreign Currency - NIL
Transaction Fee
Dynamic Currency -NIL
Conversion markup
Rent Transaction Fee - NIL


Source :https://www.axisbank.com/docs/default-source/default-document-library/mitc-credit-cards.pdf
What's Axis Cashback credit card ?

Any replacement of citi card
 
While a lot of people might get excited with the zero fees.

My logic is calculate the fees you've paid throughout the year and I bet it will be lesser, way lesser, way way lesser than the 1.8 lacs.

If you fees you've paid additionally is around 10k-20k, it makes no sense to get this card until and unless the benefits offered are worthwhile and help you recover that grand fees.

Looking at the current economy, it feels like

HDFC is trying to compete with Axis

Axis is trying to compete with Amex
(this card is their competition to Amex Centurion)

While Amex is enjoying in its own lane enjoying the growth and love of the users.
 
I need to calculate how much I spent in Forex fees YTD for this year... Too much work. but can give an idea.
Here's how to make it easier, forex fees are roughly 4% and this card's yearly fees is 2L(rounded off for easier math).

If 4% = 2L then 100% = 50L

So, if you spend more than 50L purely on forex, then you would be able to break-even on the yearly card fees.
 
Here's how to make it easier, forex fees are roughly 4% and this card's yearly fees is 2L(rounded off for easier math).

If 4% = 2L then 100% = 50L

So, if you spend more than 50L purely on forex, then you would be able to break-even on the yearly card fees.
Interesting... Yeaaaa, it's not that much. I think it's about 10L spends till now, so about 20 lacs in a year on Forex txns. Thanks for the quick math brother.
 
Here's how to make it easier, forex fees are roughly 4% and this card's yearly fees is 2L(rounded off for easier math).

If 4% = 2L then 100% = 50L

So, if you spend more than 50L purely on forex, then you would be able to break-even on the yearly card fees.
Interesting... Yeaaaa, it's not that much. I think it's about 10L spends till now, so about 20 lacs in a year on Forex txns. Thanks for the quick math brother.
Breakeven excluding rewards! but haan probably with rewards high hi rahega
 
1% pm interest rate or 12% per annum makes it like a personal loan account with zero late fees you can pay off any time.
If you consider rewards points of minimum 4% .( Could be definitely more)
Your net interest rate will come down to 8%

This card can cover up its annual fees just on the basis of lowest interest rates.

Accurate calculation will get us correct picture, once its get officially launched
 
Back
Top