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

 

[sahilgulati5]

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.

This year in june i went to masai mara & Seychelles using Accor & Aircanada Aeroplan. IT was worth and 80% was covered using points from M4B.

 

[VasukiVasuki is verified member.]

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

What if you put 10 lakh for 3 month at very start
But instead of getting m4b
You want M
But higher limit as you have got in m4b

Does that work

Or even
You put 10 lakh and you want Burgundy complimentary card select but higher limit

 

[drsel]

What if you put 10 lakh for 3 month at very start
But instead of getting m4b
You want M
But higher limit as you have got in m4b

Does that work

Or even
You put 10 lakh and you want Burgundy complimentary card select but higher limit

The limit is the same whether Magnus or Magnus burgundy it depend on your annual income income tax return etc

 

[drsel]

a 30 lakh FD will not increase your limit at all
It's only the basic requirement for a magnus burgundy

 

[vikramsrit]

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

And while we were having this conversation, I was planning my next month's trip to Bangalore. I usually stay in MG Road or Whitefield area. While my 3 night stay at Aloft Whitefield costs 22K point, standard rates are 10.8K per night. Value of around 1.5/- per MB point

 

[drsel]

Axis does not give limit based on the value of your fixed deposit

 

[drsel]

But I know for sure that IndusInd Bank will give you upto 90% of the value of your fixed deposit as your credit limit in your credit card of Indusind Bank

 

[sahilgulati5]

And while we were having this conversation, I was planning my next month's trip to Bangalore. I usually stay in MG Road or Whitefield area. While my 3 night stay at Aloft Whitefield costs 22K point, standard rates are 10.8K per night. Value of around 1.5/- per MB point

View attachment 64889

is Breakfast provided in the standard Rate 10847/Night?

 

[vikramsrit]

is Breakfast provided in the standard Rate 10847/Night?

Yes. It is included. Also, 10847/- is the rate without GST. So the actual redemption value is higher than 1.5 per MR point

 

[sourpai]

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.

Which hotels allowed you to extract this value?

If you are talking about business class redemption then it is a different thing

 

[vikramsrit]

Which hotels allowed you to extract this value?

If you are talking about business class redemption then it is a different thing

What do you mean by business class redemption or business class hotel?

 

[sourpai]

What do you mean by business class redemption or business class hotel?

Business class flights. Since he was talking about MR point value

 

[sourpai]

And while we were having this conversation, I was planning my next month's trip to Bangalore. I usually stay in MG Road or Whitefield area. While my 3 night stay at Aloft Whitefield costs 22K point, standard rates are 10.8K per night. Value of around 1.5/- per MB point

View attachment 64889

Hmm.... I guess use case matters.

I never really check city / business hotels in India. I usually check resort properties only for vacations. City hotels outside India don't provide such value. e.g. Dubai, Singapore etc

 

[VasukiVasuki is verified member.]

The limit is the same whether Magnus or Magnus burgundy it depend on your annual income income tax return etc

If I was filing itr
Why would I even care for 10 lakh in bank 🌝

 

[sonuyos]

Which hotels allowed you to extract this value?

If you are talking about business class redemption then it is a different thing

Business class flights.

Mumbai to Los Angeles.

270k miles for 2. Flight value 3.5lk for 2.

 

[sonuyos]

If I was filing itr
Why would I even care for 10 lakh in bank 🌝

If you aren't filing ITR then you won't even get Magnus.

 

[imdjay]

If you aren't filing ITR then you won't even get Magnus.

Don't underestimate him.

 

[Dragon_slayer]

If they would offer 75K EM just for first year, I will take this card. Otherwise i don't see the value

Ofc, i wont renew after first year

 

[VasukiVasuki is verified member.]

If you aren't filing ITR then you won't even get Magnus.

Apart from.fees I can get it rn as I say

 

[m4b]

If they would offer 75K EM just for first year, I will take this card. Otherwise i don't see the value

Ofc, i wont renew after first year

It could be our preferred card after Samsung ☠️