Axis Bank Atlas Credit Card worth it. Query & Discussion

[cowcoconut]

Hey
If someone's spend is just 8-10L year (~2-3L on flights) and if they don't want to redeem hotels and only transfer to airmiles, is atlas worth it?

Is there some other card that's better for this purpose?

 

[Wealth is my birth right!]

I don't work. I have a reasonable bank balance. Not sure what would be considered "large".

Lol
Mini 10l
Large 50l
Extra large 1c
Mega >5c

 

[Lobogris]

Lol
Mini 10l
Large 50l
Extra large 1c
Mega >5c

Ok. It is way over mega then. Your definition of large is quite reasonable.

 

[Wealth is my birth right!]

Ok. It is way over mega then. Your definition of large is quite reasonable.

Great to know
Happy Sunday 👊
Will consider sb cb card me too for peaceful spends😀

 

[Lobogris]

Great to know
Happy Sunday 👊
Will consider sb cb card me too for peaceful spends😀

Thanks. Currently Saturday night for me as I am in the US at the moment.

 

[cowcoconut]

@Lobogris thanks for the insight. We fly a lot domestically and are hoping that the accelerated edge miles (somewhere around 7% cashback) would add up.

Can someone let me know about the add on card situation? How easy is it to get an atlas add on card

 

[Wealth is my birth right!]

@Lobogris thanks for the insight. We fly a lot domestically and are hoping that the accelerated edge miles (somewhere around 7% cashback) would add up.

Can someone let me know about the add on card situation? How easy is it to get an atlas add on card

Not only atlas any card with Axis Bank they r not currently offering add on
Branch manager has to get some special approval which is tough

 

[cowcoconut]

Not only atlas any card with Axis Bank they r not currently offering add on
Branch manager has to get some special approval which is tough

That's a big problem then, other family members can't use the card for POS transactions and get the 3-4% return on that. Nor can they help to get to 7.5L yearly spends.
Will consider just using Infinia and SBI cashback.

 

[Wealth is my birth right!]

That's a big problem then, other family members can't use the card for POS transactions and get the 3-4% return on that. Nor can they help to get to 7.5L yearly spends.
Will consider just using Infinia and SBI cashback.

But if you’re having a good RM / BM u can just try but no confirmation
U r right Axis Bank wants its card users not to reach spending milestone on fee waivers easily

 

[cowcoconut]

Looking like too much hassle:
- CV points not necessarily good value (we really don't care about hotels, since we mostly use central government guest houses domestically and prefer villa resorts abroad)
- Axis might block card and ask for receipts, might devalue, might not give proper cashback etc.
- Hard for family members to use the card without addon card
- Doesn't get 10X rewards on international spends since we buy from third party aggregator sites (traveledge doesn't have all Asian airlines)
- 5k annual fee

Looks like he should stick with infinia for now and use the smartbuy when possible.

 

[sourpai]

Ok. It is way over mega then. Your definition of large is quite reasonable.

Interesting discussion.

I would consider some where around 35-40x of your annual expense in liquid net worth as comfortable number to retire and not work. What is your thinking around it?

 

[Andy1]

Hi can anyone confirm whether on atlas anyone getting 5x on normal hotels by paying offline?

 

[Shreyasrp]

Hi can anyone confirm whether on atlas anyone getting 5x on normal hotels by paying offline?

Y E S

 

[CMGCMG is verified member.]

Hi can anyone confirm whether on atlas anyone getting 5x on normal hotels by paying offline?

Yes, no issues with 5X for offline hotel spends so far.

 

[master99]

Any third party site like agoda which fetches 5x ?

 

[magnusfan]

Can you add details on gyftr – if Amazon is 2x or not on Atlas?
With the recent Infinia limit to 10k per card, I am looking for an alternative – need about 1L per month spends on Amazon pay 🙂

 

[sahilgulati5]

Can you add details on gyftr – if Amazon is 2x or not on Atlas?
With the recent Infinia limit to 10k per card, I am looking for an alternative – need about 1L per month spends on Amazon pay 🙂

U have limits in all card now days. Infinia atlas M4B etc What do you do with 1L Apay?

 

[webgupta]

hey , i was planning to get one. just a questions i had. i know its pretty lame but still. i do have a friend who owns a decent 3 star hotel/, if i swipe for a 100k occasionally (he gives me cash after cutting 1/1.5% fees), say once a month or once in 2 months. will i be eligible for accelerated 5x rewards ? or can use it to hit milestones spends without actually spending anything but 1/1.5%

 

[drsel]

hey , i was planning to get one. just a questions i had. i know its pretty lame but still. i do have a friend who owns a decent 3 star hotel/, if i swipe for a 100k occasionally (he gives me cash after cutting 1/1.5% fees), say once a month or once in 2 months. will i be eligible for accelerated 5x rewards ? or can use it to hit milestones spends without actually spending anything but 1/1.5%

Hotel owner will have to pay income tax on all that income.
with no corresponding expense, it will be 100% net profit which is fully taxable

 

[webgupta]

Hotel owner will have to pay income tax on all that income.
with no corresponding expense, it will be 100% net profit which is fully taxable

He said he’ll set it off against cash bills or whatever adjustments he knows best To a limit of 500k max. Hence asking.

 

[drsel]

He said he’ll set it off against cash bills or whatever adjustments he knows best To a limit of 500k max. Hence asking.

If this was the case, every hotel owner would apply for Atlas card in a family members name, and use it on the hotel swipe machine to earn 10% without any capping.

The only deterrent is that an order to earn 10%, he will have to pay over 30% income tax