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

 

[sonuyos]

It’s actually 160k airline miles.

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

Get 2 cards.

They qill happily give it if u become TRV client.

Better that this card.

 

[drsel]

Get 2 cards.

They qill happily give it if u become TRV client.

Better that this card.

2 lifetime free Magnus Burgundy for 30 lacs fixed deposits?

 

[bs77]

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.

its not one.
its one per itinerary / 1 per ticket - practically unlimited.

 

[bs77]

international airport meet and greet -Axis Bank Primus Primary Cardholder is eligible for one complimentary one-way
airport Meet & Assist Service or Fast Track immigration while travelling worldwide. ( even without buying ticket from credit card)

Luxury Airport Transfer Service- Each Primary Cardholder is entitled to one complimentary one-way luxury airport transfer
service per itinerary at participating airports across the world on the purchase of business class & above ticket settled with his/her Axis Bank PRIMUS Card

domestic airport transfer - Each Primary Cardholder is entitled to one complimentary one-way airport transfer service
per itinerary at participating airports within India on the purchase of air ticket settled with his/her Axis Bank PRIMUS Card

 

[sonuyos]

2 lifetime free Magnus Burgundy for 30 lacs fixed deposits?

No

if you are ineligible for the care then both against 30lk trv each or else 10lk aqb for both if u r eligible.

 

[drsel]

 

[drsel]

Check top comments, claims 16% returns on spending 30L each quarter

Primus base return is 5% with no MCC exclusions.
1 mile/100 = 5 partner points/100 spend
(Atlas/Olympus 4% return with 7/8 category exclusions)

On quarterly spend of 30,00,001 (no MCC exclusions)
get 25000 miles = 125000 partner points.

So 5.00 + 4.16 = 9.16% return on spends of 30,00,001 per quarter

Magnus Burgundy gives a much better 12.62% return on the same 10 lacs/month spend, but with 7 category exclusions

 

[sonuyos]

Primus base return is 5% with no MCC exclusions.
1 mile/100 = 5 partner points/100 spend
(Atlas/Olympus 4% return with 7/8 category exclusions)

On quarterly spend of 30,00,001 (no MCC exclusions)
get 25000 miles = 125000 partner points.

So 5.00 + 4.16 = 9.16% return on spends of 30,00,001 per quarter

Magnus Burgundy gives a much better 12.62% return on the same 10 lacs/month spend, but with 7 category exclusions

Har bhai, itna sensible baat na karo, warna logo ko lagega we shilling for Magnus.


Har comment pe likho, Amex Zindabad.

Amex Zindabad tha, Zindabad hai aur Zindabad rahega.

 

[drsel]

Har bhai, itna sensible baat na karo, warna logo ko lagega we shilling for Magnus.
Har comment pe likho, Amex Zindabad.
Amex Zindabad tha, Zindabad hai aur Zindabad rahega.

No commission, no incentive for promoting Axis cards

 

[Anupama_Jha]

Primus base return is 5% with no MCC exclusions.
1 mile/100 = 5 partner points/100 spend
(Atlas/Olympus 4% return with 7/8 category exclusions)

On quarterly spend of 30,00,001 (no MCC exclusions)
get 25000 miles = 125000 partner points.

So 5.00 + 4.16 = 9.16% return on spends of 30,00,001 per quarter

Magnus Burgundy gives a much better 12.62% return on the same 10 lacs/month spend, but with 7 category exclusions

 

[sonuyos]

No commission, no incentive for promoting Axis cards

The day Axis will start a promo like Amex, either axis will go bankrupt or poverty in India will get over.

 

[drsel]

View attachment 62784

Thank you ma'am
You are an Ace, Kindly boost my reputation score by 5 points

 

[drsel]

The day Axis will start a promo like Amex, either axis will go bankrupt or poverty in India will get over.

Axis will go bankrupt, poverty in India will not get over.
Recently the share price crashed even though the market is so bullish, because the results are bad

 

[sonuyos]

Thank you sir
You are an Ace, Kindly boost my reputation score by 5 points

Madam*

Also me too pl0x.

 

[sonuyos]

Axis will go bankrupt, poverty in India will not get over.
Recently the share price crashed even though the market is so bullish, because the results are bad

Still still growing and profitable tho.

Should be fine in long run.

 

[archit120]

Primus base return is 5% with no MCC exclusions.
1 mile/100 = 5 partner points/100 spend
(Atlas/Olympus 4% return with 7/8 category exclusions)

On quarterly spend of 30,00,001 (no MCC exclusions)
get 25000 miles = 125000 partner points.

So 5.00 + 4.16 = 9.16% return on spends of 30,00,001 per quarter

Magnus Burgundy gives a much better 12.62% return on the same 10 lacs/month spend, but with 7 category exclusions

The caps on Magnus burgundy er redemptions are too low for that return% to be useful for too long. If primus doesn't have then it might still be better

 

[drsel]

The caps on Magnus burgundy er redemptions are too low for that return% to be useful for too long. If primus doesn't have then it might still be better

Very high caps for Primus, and it should well be

 

[sonuyos]

The caps on Magnus burgundy er redemptions are too low for that return% to be useful for too long. If primus doesn't have then it might still be better

If you can afford primus, you can surely afford 2 magnus burgs.

 

[Dragon_slayer]

If they change joining bonus from 25K miles to 50K miles, then only it would make sense to get the card. Atleast for 1st year.

 

[sonuyos]

If they change joining bonus from 25K miles to 50K miles, then only it would make sense to get the card. Atleast for 1st year.

Highly doubt they will

And even then it ain't worth it.