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

[bs77]

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

https://www.airindia.com/content/dam/air-india/image/flying-returns-celebration/pdf-files/HSBC_AXIS_eligible_credit_cards_final.pdf

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

 

[msankadi]

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

https://www.airindia.com/content/dam/air-india/image/flying-returns-celebration/pdf-files/HSBC_AXIS_eligible_credit_cards_final.pdf

Adding few more points

Benefits - NIL
ROI - NIL
Peace of mind - NIL
Customer Service - NIL

 

[bs77]

adding 4 laughter

 

[drsel]

Very difficult to get any decent returns after spending so much only as joining fees.
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

 

[bs77]

Very difficult to get any decent returns after spending so much only as joining fees.
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

seeing edge miles reward pattern for citi cards substitutes, i guess it will cover the first year fees. but I doubt for renewal fees.

 

[BBbetter]

Absolutely, would be exciting to see if they offer unlimited Airport drops, Meet and Greets and other services then this could become a very exciting card for the high spenders.

Looking at today's review posted on card insider, just one meet and greet and one airport drop. No hotel status. Well, I dont count Taj epicure as one. Completely unrelated to travel or even any card perk, a Bloomberg sub is included which can be valued at about 15k.
The main saving grace is no fx fee and a very good miles earning rate.

 

[bs77]

It might also have complimentary companion ticket with business air fare.
Like other top end cards

 

[drsel]

 

[bs77]

Finally launched for invite only
here is the T&C for the card with full benefits list