Axis Primus, a new Super Premium credit card with ₹1.8L fee

[SubhankarSubhankar is verified member.]

Axis Bank has listed a Super Premium card, silently to their updated MITC, and they’re calling it Axis Primus.


What do we know as of now?

1. 1.8L fee
2. No DCC markup
3. No Forex markup
4. No cash withdrawals fee
5. Lowest finance charges, starting from 1%
6. No over limit fee
7. Add-on card: first one is free, from next one ₹15,000
8. No 1% rent payment fee

Except these as there’s no mention of any exclusion in reward points earning and milestone exclusion. So we can assume, there’s no exclusion. Good old Axis days for a price?


Added the MITC doc in the attachment.


What do you think of this card? Surely it’s not going to be easily available like other Axis cards in golden days, but does ₹1.8L fee justified as of now? Let us know below

 

[drsel]

Olympus is better value for 23,600.
It will be available after 1 month

 

[bs77]

View attachment 61453

• Joining/Annual Fee – ₹2,12,400 (1.8L+GST)
• No Spend Based Fee Waiver
• Rate of Interest – 1% Per Month (12.68% )
• Cash Withdrawal Charges - Nil
• Fuel Surcharge Waiver – 1% of Transaction Amount (Between ₹400 and ₹10,000)
• Reward Redemption Fee - Nil
• Forex Charges - Nil

Reward Rate
Get 1 EDGE Mile per ₹100 spent
1 EDGE Mile = 5 partner miles
Approx 5 % return rate.
*Fuel, Rent, Utility and Insurance will all be rewarding

Joining Benefits and Renewal Benefit

Joining Benefit - 40k ITC Voucher OR 25k Edge Miles.
Renewal Benefit - 20k ITC Voucher OR 15k Edge Miles.

Quarterly Milestone Benefits

Spend between 20L to 30L - 15,000 EM
Spends between 30L to 50L - 25,000 EM
Spends above 50L - 35,000 EM

Complimentary Memberships

• TAJ EPICURE - Only for first year
• BLOOMBERG - Renewed every year

Lounge Access

Domestic Lounge Access
Unlimited for Primary and add-on card holder. 12 guest visits per year.

International Lounge Access
Unlimited for Primary and add-on card holder with Priority Pass. 12 guest visits per year.


Golf Privilege

International Golf Access
4 Free Golf Rounds With One Guest

Domestic Golf Access
Unlimited Complimentary Golf Rounds and Lessons Along With One Guest in a Year

Add-on card Golf Access
10 Complimentary Golf Rounds or Lessons at Domestic Golf Clubs

A lot more benefits are offered for card holders are offered in terms of stay benefits at 900+ luxury hotels offering a complimentary night, airport meet and greet, airport transfers, airfare privilege offer and many more. Refer here for a detailed information about the other benefits.

I might also have complimentary Airport transfer and meet and greet.
And complimentary companion ticket with business/first class ticket
And zero exclusions

 

[RTR01]

Who has 50L personal spends in a quater which can be paid through credit card. This card is a joke.

 

[nikhil.b]

Olympus is better value for 23,600.
It will be available after 1 month

May I please know the source of this?

 

[drsel]

May I please know the source of this?

Call customer care

 

[VasukiVasuki is verified member.]

View attachment 61453

• Joining/Annual Fee – ₹2,12,400 (1.8L+GST)
• No Spend Based Fee Waiver
• Rate of Interest – 1% Per Month (12.68% )
• Cash Withdrawal Charges - Nil
• Fuel Surcharge Waiver – 1% of Transaction Amount (Between ₹400 and ₹10,000)
• Reward Redemption Fee - Nil
• Forex Charges - Nil

Reward Rate
Get 1 EDGE Mile per ₹100 spent
1 EDGE Mile = 5 partner miles
Approx 5 % return rate.
*Fuel, Rent, Utility and Insurance will all be rewarding

Joining Benefits and Renewal Benefit

Joining Benefit - 40k ITC Voucher OR 25k Edge Miles.
Renewal Benefit - 20k ITC Voucher OR 15k Edge Miles.

Quarterly Milestone Benefits

Spend between 20L to 30L - 15,000 EM
Spends between 30L to 50L - 25,000 EM
Spends above 50L - 35,000 EM

Complimentary Memberships

• TAJ EPICURE - Only for first year
• BLOOMBERG - Renewed every year

Lounge Access

Domestic Lounge Access
Unlimited for Primary and add-on card holder. 12 guest visits per year.

International Lounge Access
Unlimited for Primary and add-on card holder with Priority Pass. 12 guest visits per year.


Golf Privilege

International Golf Access
4 Free Golf Rounds With One Guest

Domestic Golf Access
Unlimited Complimentary Golf Rounds and Lessons Along With One Guest in a Year

Add-on card Golf Access
10 Complimentary Golf Rounds or Lessons at Domestic Golf Clubs

A lot more benefits are offered for card holders are offered in terms of stay benefits at 900+ luxury hotels offering a complimentary night, airport meet and greet, airport transfers, airfare privilege offer and many more. Refer here for a detailed information about the other benefits.

Non spends benefits are better in some dc 🤣🤣
With 30 lakh in bank account 🤡

 

[ALOAK]

There is already a thread on this card discussion

Thread 'Axis Primus, a new Super Premium credit card with ₹1.8L fee'

Jun 14, 2024

Axis Bank has listed a Super Premium card, silently to their updated MITC, and they’re calling it Axis Primus.


What do we know as of now?

1. 1.8L fee
2. No DCC markup
3. No Forex markup
4. No cash withdrawals fee
5. Lowest finance charges, starting from 1%
6. No over limit fee
7. Add-on card: first one is free, from next one ₹15,000
8. No 1% rent payment fee

Except these as there’s no mention of any exclusion in reward points earning and milestone exclusion. So we can assume, there’s no exclusion. Good old Axis days for a price?


Added the MITC doc in the attachment.


What do you...

• Subhankar
• Replies: 183
• Forum: Axis Bank Credit Card

• 
• 

Very soon after a year this card will come under axe will get devalued

 

[VasukiVasuki is verified member.]

Very soon after a year this card will come under axe will get devalued

What is there to be devauled
It's already dead card to begin

 

[sonuyos]

Magnus Burgundy is better and more powerful than this shit.

They have to severly upgrade it.

Give atleast 2miles per 100rs that will give 8 partner miles.

 

[bs77]

People who have international spends will be lucky to get this card.
Zero foreign markup and 1% pm interest will be deadly combo for axis.

 

[drsel]

People who have international spends will be lucky to get this card.
Zero foreign markup and 1% pm interest will be deadly combo for axis.

Zero forex markup is no big deal, you should see the net profit on foreign spends (return - markup)

 

[dungeonMaster]

People who have international spends will be lucky to get this card.
Zero foreign markup and 1% pm interest will be deadly combo for axis.

Those folks can get US cards which also have zero forex markup...

 

[BBbetter]

Magnus Burgundy is better and more powerful than this shit.

They have to severly upgrade it.

Give atleast 2miles per 100rs that will give 8 partner miles.

Cap of 80k miles to a group A airline makes MB difficult to recommend.

 

[BBbetter]

People who have international spends will be lucky to get this card.
Zero foreign markup and 1% pm interest will be deadly combo for axis.

Even then, due to the high annual fee, it’ll take a massive amount of spending to just break even.

1 M&G and 1 airport transfer is hugely disappointing.

 

[sonuyos]

Cap of 80k miles to a group A airline makes MB difficult to recommend.

80k?

MB has 2lk cap.

Get 2 MB at lesser price and loss of interest.

4lk cap in Group A & 12lk cap in group B overall.

Much better card and higher rate of return.

 

[subham23]

With this fees, i will get 1 AMEX Platinum + 1 Axis Reserve + 1 HDFC Infinia + 1 Yes Marquee (rest of the money i can deposit in bank 🙂 )

 

[rogerthat]

This card will require 20 Lakh spends to just break even! And this is even with the joining benefits and milestone benefit! And it has no other associated benefits (hotel memberships, Spa access, Gyftr, BMS, EazyDiner etc.). Absolutely, a shit card from Axis. Again. Like I said, the product team at Axis must be made up of the Madagascar Monkeys (no offence to the Madagascar Monkeys though).

 

[Aegon]

This card will require 20 Lakh spends to just break even! And this is even with the joining benefits and milestone benefit! And it has no other associated benefits (hotel memberships, Spa access, Gyftr, BMS, EazyDiner etc.). Absolutely, a shit card from Axis. Again. Like I said, the product team at Axis must be made up of the Madagascar Monkeys (no offence to the Madagascar Monkeys though).

You could get way more value from their 2+1 additional night in luxury hotels and buddy airfare privilege where you can get a free business/first class ticket free for the person travelling with you when you buy a full fare business/first class ticket

 

[drsel]

Cap of 80k miles to a group A airline makes MB difficult to recommend.

It is 2 lakhs points from 20 April to 31 December which is equivalent to 1.6 lakh rupees

 

[BBbetter]

80k?

MB has 2lk cap.

Get 2 MB at lesser price and loss of interest.

4lk cap in Group A & 12lk cap in group B overall.

Much better card and higher rate of return.

It’s actually 160k airline miles.

So one long haul J ticket. The only reasonable option is to transfer to Accor.