Axis PRIMUS Credit Card Launched: 1 EDGE Mile Reward for Every Rs 100 Spent with No Restrictions; See Features and Annual Fee

Axis Bank PRIMUS Credit card Axis Bank PRIMUS Credit Card is an ultra-premium luxury credit card offered by the private sector bank. Customers can earn 1 EDGE mile for every Rs 100 spent using an Axis Bank PRIMUS Credit Card. You can convert EDGE miles into partner miles at a ratio of 1:5 and get higher discounts on your flight tickets. Also, there is no exclusion or special category for reward points. PRIMUS Credit Card from Axis Bank It comes with a simple and straightforward reward earning system – you spend money from your credit card and get a reward. Since the reward rate of this card is said to be high, the sign-up or annual fees of the Axis PRIMUS credit card are also high.

As a premium luxury credit card, the Axis PRIMUS credit card offers several benefits – access to airport lounges, last-minute reservations at Michelin-starred restaurants, invitations to private tours of art galleries or global sporting events, among others. Additionally, cardholders get free access to Bloomberg and Taj Epicure memberships. With its wide range of features and benefits, the Axis Bank PRIMUS credit card has other benefits to offer. Let us explore the salient features of the Axis Bank PRIMUS credit card.

Axis Bank PRIMUS Credit Card Rewards and Benefits:

Benefits of joining: 25,000 Axis EDGE Miles or Rs 40,000 ITC Hotels Gift Card
Reward Type: Reward points
Reward Rate: 1 EDGE mile for every Rs 100 spent on all transactions
Redeeming rewards: 1 EDGE mile is equivalent to 5 partner miles. You can redeem EDGE miles for product catalogs, coupons, and partner miles.
Access to national VIP lounges: Unlimited, complimentary access to domestic lounges for primary and additional cardholders. 12 complimentary guest visits per year.
Access to international rooms: Unlimited lounge access for Axis Bank PRIMUS primary and additional credit card holders with priority passes. 12 complimentary guest visits every year.
Golf: a) Access to international golf: 4 free rounds of golf with a guest
b) Access to national golf: unlimited complimentary rounds of golf and lessons with one guest in one year
c) Complementary golf access card: 10 complimentary rounds of golf or lessons at national golf clubs
Insurance Benefits: Card loss liability of Rs 25,00,000

Axis Bank PRIMUS Credit Card Charges:

Interest rate: 1% monthly or 12.68% annually
Fuel surcharge: 1% of the transaction amount if it is between Rs 400 and Rs 10,000.
Rewards Redemption Fee: Null
Foreign currency margin: Null
Cash withdrawal fee: Null
Late payment fee: Null
Dynamic currency conversion rate: Null

Axis Bank PRIMUS Credit Card Rewards:

Unlike other credit cards, the Axis Bank PRIMUS Credit Card offers reward points on spending across all transaction categories including fuel refills, rental payments, insurance premiums and utility bills. You can earn 1 EDGE Mile for every Rs 100 spend made using the Axis Bank Primus Credit Card.

Eligible members for mileage transfer with Axis Bank Primus credit card are: Accor, Air Asia, Air Canada, Air France – KLM, Air India, Air Vistara, Ethiopian Airlines, Etihad Airways, IHG® Hotels & Resorts, ITC, Japan Airlines, Marriott International Qantas Airways, Qatar Airways, Singapore Airlines, Spice jetThai Airways, Turkish Airlines, United Airlines, Wyndham Hotels and Resorts

Axis Bank PRIMUS credit cardholders will receive rewards based on their spending every quarter. For example, if a cardholder spends Rs 20 lakh in a quarter, he or she will earn 20,000 basic EDGE miles and 15,000 bonus EDGE miles, making a total of 35,000 EDGE miles. When converted into partner miles, these EDGE miles will total 1.75 lakh miles.

When purchasing a full-fare First Class or Business Class ticket on participating airlines, Axis Bank PRIMUS Primary Credit Card holders are entitled to a complimentary companion airfare (excluding taxes and surcharges). All Axis Bank PRIMUS Primary and Additional Credit Card holders will get a complimentary “Meet and Assist” or “Fast Track Immigration Service” service when travelling worldwide. Card holders are also entitled to a complimentary one-way luxury airport transfer service per itinerary at participating airports worldwide. Please note that this benefit is only available to those flying Business Class or above on full-service airlines. Please read the terms and conditions on how to book your airline tickets to avail these services.

Axis Bank PRIMUS credit cardholders will get discounted rates at over 900 luxury hotels worldwide. In addition, other additional services such as a complimentary concierge service will also be available.

Axis Bank PRIMUS Credit Card Rates Registration fee: 1,80,000 rupees + VAT

Axis Bank PRIMUS Credit Card Rates Renewal fee: 1,80,000 rupees + VAT

Should you go for Axis Bank PRIMUS Credit Card? Pros and Cons of Axis Bank PRIMUS Credit Card

One of the most notable features of the Axis Bank PRIMUS credit card is its reward points and easy redemption rates. Firstly, there is no restriction on earning reward points. Be it a utility bill or an airfare, you will get rewards on every transaction (for every Rs 100 spent). Also, cardholders can convert their EDGE miles into partner miles at a ratio of 1:5, making it ideal for frequent travellers who often stay at partner hotels or fly with partner airlines. Also, unlimited access to domestic airport lounges, access to international lounges with a priority pass, free airport meet and greet services and premium airport services indicate that it will be suitable for those who love luxury travel experiences.

Axis Bank PRIMUS Credit Card has a hefty registration fee of Rs 1.8 lakh plus GST. Axis Bank PRIMUS Credit Card is an invitation-only card, so only high net worth individuals will be able to afford it. Also, this card does not have any spend-based annual fee waiver like the regular credit cards available in the market. So, no matter how much you spend in a year, you have to pay an annual fee of Rs 1.8 lakh plus GST for Axis Bank PRIMUS Credit Card.

Please note that the Axis Bank PRIMUS Credit Card is an invitation-only credit card. The Axis Bank PRIMUS Credit Card was launched to select customers in New Delhi and Mumbai at the ‘Axis Bank PRIMUS Soiree’, the private bank said.