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

 

[vikramsrit]

Just saw the detailed T&C, this card is a dud. No one in their right mind would choose this over Amex Plat charge.

Here is the T&C

 

[m4b]

Just saw the detailed T&C, this card is a dud. No one in their right mind would choose this over Amex Plat charge.

25K EM -> 1.25L Accor -> 2.25L rupees worth. So correct me if I am wrong, Primus justifies the welcome benefits better than Plat Charge.

 

[vikramsrit]

25K EM -> 1.25L Accor -> 2.25L rupees worth. So correct me if I am wrong, Primus justifies the welcome benefits better than Plat Charge.

Okay, let us consider only this scenario of welcome benefit.
For Primus =>1.8 Lacs + GST (total 2,12,400/-) you are getting 2.25 Lac rupees worth.
For Plat Charge => 60K + GST (total 70,800) you are getting 1,35,000 MR point. With 30% transfer offer in Q4 = 1,75,000 Marriott Bonvoy point. If you plan well, you can easily extract 0.8 to 1 rupee per MB point.

 

[m4b]

1,75,000 Marriott Bonvoy point. If you plan well, you can easily extract 0.8 to 1 rupee per MB point.

Are they still offering 1.35L? Then it's good.

 

[Zacobite]

Okay, let us consider only this scenario of welcome benefit.
For Primus =>1.8 Lacs + GST (total 2,12,400/-) you are getting 2.25 Lac rupees worth.
For Plat Charge => 60K + GST (total 70,800) you are getting 1,35,000 MR point. With 30% transfer offer in Q4 = 1,75,000 Marriott Bonvoy point. If you plan well, you can easily extract 0.8 to 1 rupee per MB point.

1.25 L worth miles even if u consider 1rs per mile.. not 2.25 L.. So nett u still wd have paid 90kinr + as fee

 

[ENIAC]

Okay, let us consider only this scenario of welcome benefit.
For Primus =>1.8 Lacs + GST (total 2,12,400/-) you are getting 2.25 Lac rupees worth.
For Plat Charge => 60K + GST (total 70,800) you are getting 1,35,000 MR point. With 30% transfer offer in Q4 = 1,75,000 Marriott Bonvoy point. If you plan well, you can easily extract 0.8 to 1 rupee per MB point.

Exactly this Axis card is waste, unless given LTF to those clients

 

[m4b]

So guys you think you would get 0.8 to 1 easily? 🤣

 

[theglobalinvestor]

I didn't understand I cannot get a second lifetime free Magnus Burgundy card even though I have 30 lacs FD
Also the 2 lakh limit for group A is per customer ID not per Magnus burgundy card

I think he means get a MB for you with 30L FD. Then get another MB for your wife/SO with another 30L FD.

 

[sourpai]

Sometimes I really wonder how people on the forum so easily say that they can extract MR point value at 1Rs per MR. In my last two years of experience I was never getting a value of more than 0.5 for any properties in Singapore and Dubai. And therefore naturally I went with Accor on both instances

Is it because people plan hotel first and then destination, instead of destination first and then hotel?

 

[ENIAC]

Sometimes I really wonder how people on the forum so easily say that they can extract MR point value at 1Rs per MR. In my last two years of experience I was never getting a value of more than 0.5 for any properties in Singapore and Dubai. And therefore naturally I went with Accor on both instances

Is it because people plan hotel first and then destination, instead of destination first and then hotel?

Extraction is always difficult and needs planning. Like I stayed for 5 nights and paid for 4 nights and it automatically gives a 25% better conversion rate.

 

[m4b]

Sometimes I really wonder how people on the forum so easily say that they can extract MR point value at 1Rs per MR. In my last two years of experience I was never getting a value of more than 0.5 for any properties in Singapore and Dubai. And therefore naturally I went with Accor on both instances

Is it because people plan hotel first and then destination, instead of destination first and then hotel?

yes that's my point. Very difficult to get above 0.5-0.6

 

[m4b]

Extraction is always difficult and needs planning. Like I stayed for 5 nights and paid for 4 nights and it automatically gives a 25% better conversion rate.

lmao I don't talk about conversion rate! Focus on point to value ratio.

 

[sonuyos]

I think he means get a MB for you with 30L FD. Then get another MB for your wife/SO with another 30L FD.

This is what I mean @drsel

However I won't go down the FD route.

 

[drsel]

I think he means get a MB for you with 30L FD. Then get another MB for your wife/SO with another 30L FD.

But we can always wait for first January for that 2 lakh limit to open up again

 

[sonuyos]

But we can always wait for first January for that 2 lakh limit to open up again

Depends on your spend. I am inclined in getting 1 for my wife.

 

[vikramsrit]

Sometimes I really wonder how people on the forum so easily say that they can extract MR point value at 1Rs per MR. In my last two years of experience I was never getting a value of more than 0.5 for any properties in Singapore and Dubai. And therefore naturally I went with Accor on both instances

Is it because people plan hotel first and then destination, instead of destination first and then hotel?

You are partly correct. You need to first look at properties and then destination at times. At times you need to plan months in advance.
I am myself not a fan of Marriott Bonvoy and would prefer Accor any day over MB.
But for the sake of the this conversation, I have actually extracted value of more than 1/- per MB point more than once. And worst case has been 0.6

You do not take a card for its welcome benefits only. The rest of the features of Primus looks dud comparatively.

 

[vikramsrit]

So guys you think you would get 0.8 to 1 easily? 🤣

Easily? Never. Possibly, yes. Like I said earlier, I find Accor much better compared to MB. Waiting with my MR points for AMEX to introduce Accor ALL as their transfer partner 😀

 

[sonuyos]

Sometimes I really wonder how people on the forum so easily say that they can extract MR point value at 1Rs per MR. In my last two years of experience I was never getting a value of more than 0.5 for any properties in Singapore and Dubai. And therefore naturally I went with Accor on both instances

Is it because people plan hotel first and then destination, instead of destination first and then hotel?

Last month I purchased few MR for 0.45rs.

Was easily able to extract about 1.3-1.6rs out of it.

And not some hypothetical value but actual value.

You can easily extract 1.1rs atleast but it needs to be on ur travel plans.

I have seen a lot of people here travel to masai mara or some remote place to get their value. Which I find stupid and unnecessary.

You should travel because you want to not to make your points worth.

 

[imdjay]

But we can always wait for first January for that 2 lakh limit to open up again

Legendary sir. Can I do a 30L fd, get the card, and close the fd? I don't think there will be any lien on the fd.

 

[drsel]

Legendary sir. Can I do a 30L fd, get the card, and close the fd? I don't think there will be any lien on the fd.

They check every quarter
if you don't have 30 lacs total relationship value they will issue you an old Magnus card and charge you for it and your Magnus burgundy card will not work anymore