Axis Bank Primus Credit Card
The Axis Bank Primus Credit Card is one of the most exclusive cards offered by Axis Bank, with a high joining fee of ₹5,00,000 and annual fee of ₹3,00,000. Cardholders earn 1 EDGE Mile for every ₹100 spent, and these miles can be exchanged for partner miles at a 1:5 ratio, meaning for every EDGE Mile, you get five partner miles from popular airlines and hotel partners like Accor, Air India, Air France, and ITC. The card also offers unlimited access to domestic airport lounges and international lounges through a Priority Pass membership. Additionally, cardholders receive complimentary memberships to Bloomberg and Taj Epicure.
This invite-only card comes with luxury perks such as private jet access, flying safaris, ski vacations, and invitations to exclusive events and art exhibitions. With benefits like unlimited lounge access, zero foreign exchange mark-up, and high-end privileges, the Axis Primus Credit Card is part of Axis Bank's super-premium collection, along with other cards like Axis Burgundy Private and Axis Reserve. If you enjoy luxury, this card provides a range of benefits to enhance your travel and lifestyle.
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.
What services are offered by Axis Bank Primus Concierge?
The Axis Bank Primus Concierge offers a variety of exclusive services for cardholders. These include lifestyle and concierge assistance, reservations at restaurants, limousines, car rentals, yachts, private jets, and helicopters. The service also helps with travel arrangements like hotel stays, cruises, and flights. Additionally, cardholders can get custom travel plans, access to exclusive events, and flower or gift deliveries.
What is the Axis Bank Primus Credit Card limit?
The credit limit for the Axis Bank Primus Credit Card is typically very high and depends on various factors such as your income, net worth, and your relationship with Axis Bank. Since it is a highly exclusive card, the exact limit can vary greatly from one cardholder to another.
What are the annual charges for the Primus Credit Card?
The Axis Primus Credit Card comes with a joining and annual fee of ₹5,00,000 each, plus GST, which brings the total cost to ₹5,90,000. This makes it one of the most expensive credit cards available.
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