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

 

[BVCBVC is verified member.]

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.

This card will be exclusive and Axis won’t approve it if eligible criteria is not met.

 

[Dragon_slayer]

This card will be exclusive and Axis won’t approve it if eligible criteria is not met.

And what would be the criteria?

 

[Dragon_slayer]

Highly doubt they will

And even then it ain't worth it.

Lets see. When Magnus came initially then it was also quite useless card until things changed 🙂

 

[BVCBVC is verified member.]

And what would be the criteria?

As it’s replacement for Citi Ultima, it should be invite only card for Ultra HNI migrated from Citi and existing Ultra HNI with Axis Bank.

 

[drsel]

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

No one can get 2 Magnus Burgundy cards

 

[drsel]

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.

Axis Bank Primus Credit Card Review January 2025

Detailed review of the super-premium Primus Credit Card by Axis Bank. Check all the features, fees, and benefits provided along with the card.

cardinsider.com

Joining fee 212400 gets 25k x 5 = 125000 points
So Rs. 87400 loss on payment of joining fee 212400

Renewal fee 212400 gets 15k x 5 = 75000 points
So Rs. 137400 loss on payment of renewal fee 212400.

They will not improve the joining bonus to 50k x 5 = 250000, it would be loss making for Axis.
Even the renewal fee of 212400 gives only 75000 return to make it more profitable for Axis.

No doubt Magnus Burgundy card is much better than Primus, both in terms of joining/renewal fee and returns--

MB joining/renewal fee 35,400
Return 12.62% on 10 lacs spend per month (7 excluded categories)
Vs
Primus joining/renewal fee 212,400
Return 9.16% on 30,00,001 spend per quarter (Zero excluded categories).
Spending more than this slightly reduces the return, spending less than this drastically reduces the return

 

[Wealth is my birth right!]

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

Whats the 7 for magnus card?
Gold
Insurance
Utility
What else
TIA

 

[drsel]

Whats the 7 for magnus card?
Gold
Insurance
Utility
What else
TIA

Wallet load, EMI, balance transfer, cash withdrawal, etc
Fuel
Rent over 50000/month
Government & taxes
Utilities
Insurance
Gold & jewellery

 

[Wealth is my birth right!]

Wallet load, EMI, balance transfer, cash withdrawal, etc
Fuel
Rent over 50000/month
Government & taxes
Utilities
Insurance
Gold & jewellery

thats great i bookmarked it tks

 

[sonuyos]

Lets see. When Magnus came initially then it was also quite useless card until things changed 🙂

I have magnus since 2020. It was useless yeah, but it changed because of miles introduction and not revamp of the points itself.

 

[sonuyos]

No one can get 2 Magnus Burgundy cards

You can if you have a family member.

 

[Wealth is my birth right!]

I have magnus since 2020. It was useless yeah, but it changed because of miles introduction and not revamp of the points itself.

yes that monthly milestone of 25k ER revolutionized the card industry

 

[Dragon_slayer]

Wallet load, EMI, balance transfer, cash withdrawal, etc
Fuel
Rent over 50000/month
Government & taxes
Utilities
Insurance
Gold & jewellery

We have workarounds for Utilities , Insurance and Gold. I think Government taxes is the only major expense which has no workaround for Mangus, it simply remains excluded 🙁

 

[sonuyos]

We have workarounds for Utilities , Insurance and Gold. I think Government taxes is the only major expense which has no workaround for Mangus, it simply remains excluded 🙁

There is .

 

[sid16]

There is .

What is the workaround for government taxes? Please advise, or you can DM too if possible.

 

[drsel]

There is .

Please DM me about the workaround for income tax payment

 

[Dragon_slayer]

There is .

Have you used it yourself yet? Kindly share some details

 

[Dragon_slayer]

Bro just posted that "there is Trick"and then disappeared. Lmao

Very helpful 🤣

 

[MangoRush]

Everything is getting closed. Even if its working, it won't be after few months. So, ignore and move on

 

[theglobalinvestor]

Collect 1.8L from many applicants and in about 6 months, once they have enough, devalue the card. Rinse and repeat for continued profit! Customers are wonderful suckers.