Axis Bank Olympus Credit Card
The Axis Bank Olympus Credit Card is a new premium card made for people who love travel and luxury. You get 1 EDGE Mile for every ₹100 you spend in India and 2 EDGE Miles for every ₹100 you spend abroad. At first, that might not sound like much, but it gets better—each EDGE Mile is worth 4 points when you use them with Axis Bank’s travel partners. So basically, you get 4% back on domestic spends and 8% on international spends. Even after adding the 1.8% + GST foreign transaction fee, you still get about 5.8% value when you spend internationally, which is pretty good. You can also use Travel EDGE to easily book flights and hotels, and transfer up to 7.5 lakh EDGE Miles a year to travel partners.
Apart from the rewards, the card comes with great travel perks. You get unlimited free access to airport lounges in India and abroad, free airport transfers, and concierge help when you need it. If you play golf, you also get 8 free sessions a year, and you can unlock more if you spend ₹50,000 or more in a billing cycle. This Axis Bank Olympus Credit Card was mainly launched for people who had the Citi Prestige card, so it comes with similar features. The annual fee is ₹20,000, and the card is packed with lifestyle and travel benefits, making it a strong option if you’re looking for a high-end credit card.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
Axis Olympus Credit Card – Premium Benefits and Rewards
The Axis Olympus Credit Card is a premium card designed for travelers and lifestyle enthusiasts. It offers a wide range of benefits including hotel vouchers, EDGE Miles, airport privileges, golf experiences, and exclusive lifestyle rewards. The card helps you make the most of your spending while enjoying luxury perks.
Welcome and Annual Benefits
New and renewing cardholders receive Taj or ITC hotel vouchers worth ₹10,000. Additionally, you get 2,500 EDGE Miles as a welcome and annual renewal reward. These benefits are activated after your first transaction with the Olympus Credit Card.
Earning EDGE Miles
You can earn EDGE Miles on all eligible transactions:
- Earn 1 EDGE Mile for every ₹100 spent on purchases within India.
- 2 EDGE Miles for every ₹100 spent on international purchases
Certain categories do not earn EDGE Miles, including transportation, tolls, utilities, insurance, educational fees, government payments, wallets, rent, and fuel.
Redeeming EDGE Miles
You can redeem EDGE Miles in different ways:
- Partner Miles: 1 EDGE Mile = 4 Partner Points (minimum 500 EDGE Miles)
- Travel EDGE Bookings: Redeem for flights, hotels, and experiences (minimum 500 EDGE Miles)
EDGE Miles can also be transferred to partner programs, with an annual maximum of 7.5 lakh EDGE Miles per customer ID. Partners are divided into two groups:
- Group A (150,000 EDGE Miles/year): Accor Hotels, Air Canada, Ethiopian Airlines, Etihad Guest, Japan Airlines, Marriott International, Qatar Airways, Singapore Airlines, Turkish Airlines, Thai Airways, United Airlines, Wyndham Hotels
- Group B (600,000 EDGE Miles/year): Air France-KLM, Air India, Air Asia, ITC, IHG Hotels & Resorts, Qantas Airways, SpiceJet
Airport Privileges
- Domestic Lounge Access: Unlimited access at selects domestic lounges for both primary and add-on cardholders, with ten free guest visits per year.
- International Lounge Access (Priority Pass): Complimentary membership giving access to 1,200+ international lounges, including ten guest visits.
- Airport Concierge Services: Eight premium concierge services, usually offered only on super-premium cards.
- Airport Transfers: Two complimentary airport transfers per year for the primary cardholder. Luxury cars (Mercedes, BMW, Audi) are available in major cities, and sedan transfers are available across multiple locations nationwide.
BookMyShow Buy One Get One Offer
Olympus cardholders can enjoy buy-one-get-one-free offers on movie tickets via BookMyShow. The second ticket is free, capped at ₹650. Similar offers apply to non-movie tickets, with a maximum discount of ₹1,000. These offers remain valid as long as your card is active.
Golf Privileges
The Olympus Credit Card provides eight complimentary golf lessons or rounds annually. Additional rounds can be booked for every ₹50,000 spent on the card. Golf bookings can be made through Axis Extraordinary Weekends or the Olympus Concierge.
Taj Epicure Membership
The card offers complimentary Taj Epicure membership with exclusive benefits:
- 25% off food and beverages for up to 10 guests at participating hotels
- 20% off spa treatments at Jiva Spas
- 25% discount on Qmin app orders
- 20% off room or suite bookings at Taj Palaces and Taj Safaris for a limited number of nights
Complimentary Stay Program
Book a minimum of three nights at participating Hotels.com properties with the Olympus Card and get the third night free. This offer applies to one room per booking and requires the primary cardholder’s presence. You can avail this benefit twice per calendar year.
Citi Prestige Card Migration
Axis Bank is transitioning Citi Credit Cardholders to its own cards, including the Olympus Credit Card. Citi Prestige cardholders moving to Olympus will retain similar fees and reward structures but gain extra benefits, such as the new BOGO offer via BookMyShow.
Why Choose the Axis Olympus Credit Card
The Olympus Credit Card is perfect for those who want maximum rewards and lifestyle benefits. It offers generous EDGE Mile earning and transfer limits, unlimited domestic and international lounge access, airport concierge services, luxury hotel vouchers, golf privileges, and ongoing offers on entertainment and dining. With high rewards on both domestic and international spending, the card is ideal for frequent travelers and lifestyle-focused individuals.
Axis Olympus Credit Card Review
The Axis Olympus Credit Card is a premium choice for anyone looking to combine travel, luxury, and savings. From EDGE Miles and hotel vouchers to airport privileges, golf benefits, and BookMyShow offers, this card provides comprehensive rewards and unmatched lifestyle perks. It’s designed to enhance your spending, travel, and entertainment experiences, making it a top choice for premium credit card users.
How much is the annual fee for the Axis Olympus Credit Card?
The card has a yearly fee of ₹20,000 plus GST, which comes to a total of ₹23,600.
How can I use the EDGE Miles earned on this card?
You can redeem your EDGE Miles by transferring them to airline and hotel partners through the Travel EDGE platform.
Is the Taj Epicure membership limited to just the first year?
No, the Taj Epicure membership gets renewed every year on your card anniversary.
Does the card offer access to airport lounges?
Yes, the Axis Olympus Credit Card gives unlimited access to both domestic and international airport lounges.
What kind of rewards can I expect on spending?
You earn 1 EDGE Mile for every ₹100 spent in India and 2 EDGE Miles for every ₹100 spent abroad. These can be converted for high-value travel rewards.
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