Axis PRIMUS Credit Card launched: 1 EDGE Mile reward for every Rs 100 spent without restrictions; check features, annual fee

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

As a premium luxury credit card, Axis PRIMUS Credit Card offers various benefits — access to airport lounges, last-minute reservations at Michelin-star restaurants, invitations to private art gallery tours or global sports events, among other. Additionally, cardholders are offered complimentary access to Bloomberg and Taj Epicure memberships. With its wide range of features and benefits, Axis Bank PRIMUS Credit Card Card has some other benefits to offer. Let's explore the salient features of the Axis Bank PRIMUS Credit Card.

Axis Bank PRIMUS Credit Card rewards and benefits:

Joining benefits: 25,000 Axis EDGE Miles OR Rs 40,000 gift card from ITC Hotels
Reward type: Reward points
Reward rate: 1 EDGE Mile for every Rs 100 spent on all transactions
Reward redemption: 1 EDGE Mile = 5 partner miles. You can redeem EDGE Miles for product catalogues, vouchers, and partner miles.
Domestic lounge access: Unlimited complimentary domestic lounge access for primary and add-on cardholders. 12 free guest visits each year.
International lounge access: Unlimited lounge access for primary and add-on Axis Bank PRIMUS credit cardholders with priority passes. 12 complimentary guest visits each year.
Golf: a) International: 4 complimentary green fees at participating clubs for primary card holder
b) Domestic: Unlimited access via complimentary green fee and buggy for primary card holder and 10 complimentary rounds/lessons per year for add on
Insurance benefits: Lost card liability of Rs 25,00,000

Axis Bank PRIMUS Credit Card charges:

Interest rate: 1% per month or 12.68% per annum
Fuel surcharge: 1% of the transaction amount if it is between Rs 400 and Rs 10,000.
Rewards redemption fee: Nil
Foreign currency markup: Nil
Cash withdrawal fee: Nil
Late payment fee: Nil
Dynamic currency conversion fee: Nil

Axis Bank PRIMUS Credit Card rewards:

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

Partners eligible for miles 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, SpiceJet, Thai Airways, Turkish Airlines, United Airlines, Wyndham Hotels & Resorts

Axis Bank PRIMUS Credit Cardholders will get rewards based on their spending every quarter. For instance, if a cardholder spends Rs 20 lakh in a quarter, they will earn 20,000 Base EDGE Miles and 15,000 bonus EDGE Miles, totalling 35,000 EDGE Miles. When converted to partner miles, these EDGE Miles will total 1.75 lakh Miles.

While buying a full-fare first or business-class ticket on participating airlines, Axis Bank PRIMUS primary credit cardholders are eligible for complimentary companion airfare (excluding taxes and surcharges). All primary and add-on Axis Bank PRIMUS Credit Cardholders will get a free one-way airport 'Meet & Assist Service' or 'Fast Track Immigration Service' when travelling worldwide. The cardholders are also entitled to one complimentary one-way luxury airport transfer service per itinerary at participating airports across the world. Remember that this benefit is only available for those flying business class or higher on full-service airlines. Do read the terms and conditions on how to book your flight tickets to avail of these services.

Axis Bank PRIMUS primary credit cardholders will get discounted rates at more than 900 luxury hotels across the world. Further, other add-ons such as a complimentary concierge service will also be available.

Axis Bank PRIMUS Credit Card fees Joining fee: Rs 5 lakh + GST (1 primary + 1 add-on), Add-on card: Rs. 25K + GST

Axis Bank PRIMUS Credit Card fees Renewal fee: Rs 3 lakh + GST,

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

One of the most prominent features of Axis Bank PRIMUS Credit Card is its reward points and easy redemption rates. Firstly, there is no restriction on getting reward points. Be it a utility bill or airfare, you will get rewards on all transactions (for every Rs 100 spent). Further, the cardholders can convert their EDGE Miles to partner miles at a ratio of 1:5, making it ideal for frequent travelers who often stay at partner hotels or fly with partner airlines. Further, unlimited domestic airport lounge access, international lounge access with a priority pass, complimentary airport meet-and-greet services, premium airport services indicate that it will be suited for those who love luxury travel experiences.

Axis Bank PRIMUS Credit Card has a hefty joining fee of Rs 5 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. Further, this card has no spend-based annual fee waiver like usual 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 5 lakh plus GST for Axis Bank PRIMUS Credit Card.

Keep in mind Axis Bank PRIMUS Credit Card is an invitation-only credit card. Axis Bank PRIMUS Credit Card was introduced to select clients in New Delhi and Mumbai at ‘Axis Bank PRIMUS Soiree’, the private bank says.