Axis Bank Olympus Credit Card
Axis Bank Olympus Credit Card is newly launched in transition of Citi prestige cardholders. It is super premium credit card which provide luxurious benifits to its cardholder, comes with unlimited domestic and International lounge access, 4% reward rate in domestic spends and approx 5% reward rate in International spends. The rewards may seems low but when you convert into partner miles it will be huge benefits that 1 Edge miles = 4 Partner miles, so when it comes to choose which credit card suites for travelling this card can be one one of them because it also comes with low foreign markup fee. Please read below article for more detail information about this credit card.
JOINING FEE
Rs.20000+GST
RENEWAL FEE
Rs.20000+GST
BENEFITS
Unlimited Domestic and International Lounge.
REWARDS &CASHBACK
Complimentary TAj Epicure Membership
Features & Benefits
Welcome Benefits
- Get Taj/ITC Hotel voucher of worth ₹10000 as a welcome benefits on making first transaction with olympus credit card, also 2500 edge miles rewards included in the welcome benefits.
- This welcome benefits are not only for once, you will get this benefits every year.
Edge Miles
- Get 1 Edge miles on every ₹100 spent on domestic purchase and 2 Edge miles on International spends.
- No Edge miles on these categories : transportation and tolls, utilities, insurance, educational institutions, government institutions, wallet, rent, and fuel.
Travel Benefits
- Get complimentary unlimited lounge access to domestic and International airport for primary and add-on card holder, also get 20 guest visit every year.
- Get 8 domestic airport meet and greet service and 2 domestic airport pickup & transfer every year.
- Get complimentary 3rd night free on any hotels listed on Hotels.com.
- Get complimentary Taj epicure membership, get exclusive benefit with this membership, 25% off on food & beverages at participating restaurant across hotels,20% discount on spa at Jiva spa across hotels, 20% off on room/suites at participating hotels,20% off at Taj palaces on room/suites for maximum 5 nights and many more benefits.
Golf Benefits
- Get 8 complimentary golf session at premier golf club every year. You will get additional golf session of spending ₹50000 every time.
Fuel Surcharge Waiver
- Get 1% Fuel surcharge waiver on all fuel transaction between Rs.400 to Rs.4000. Maximum waiver is Rs.400 per month.
Dining & Movie Benefits
- You can get upto 30% off at partner restaurant with Axis bank dining delight program.
- Buy 1 Get 1 movie ticket on bookmyshow. Get second movie ticket for free or discount upto ₹650.
- Buy 1 Get 1 movie ticket is also for Non-Movie ticket on bookmyshow, maximum discount capped on second Non-movie ticket is ₹1000.
Edge Miles Redemption
- You can redeem earned Edge miles on Axis reward Edge portal for Flight/Hotel booking. 1 Edge miles = Rs.1
- You can also convert your edge miles to partner miles in 1:4 ratio which is better compare to other premium credit card of axis bank.
- The Miles transfer partner are divided into two groups i.e Group A & Group B. Maximum 7,50,000 Miles can be transfer to partner points per customer id in a year.
- Maximum 150,000Edge miles per customer id cumulatively can be transfer to Group A & 600,000 Edge miles per customer id cumulatively can be transfer to Group B in a calendar year.
| Group A | Group B |
|---|---|
|
Accor Hotels |
Air France-KLM (Flying Blue)
|
|
Air Canada |
Air India |
|
Ethiopian Airlines |
Air Asia
|
|
Etihad (Etihad Guest) |
ITC |
|
Japan Airlines |
IHG Hotels & Resorts |
|
Marriott International |
Qantas Airways |
|
Qatar Airways |
Spice Jet |
|
Singapore Airlines |
|
|
Turkish Airlines |
|
|
Thai Airways |
|
|
United Airlines |
|
|
Wyndham Hotels |
|
Fees & Charges
Foreign Currency Markup
- The card come with foreign currency markup fee that is 1.8% of total transaction amount. So it is good for International traveller also you get 2X edge miles on International spends that is 5.8% reward rate which is quite impressive.
Finance Charges & Cash withdrawal Fee
- Interest rate is 3.75% per month that is 55.55% per annum.
- Cash withdawal fee is min Rs.500 upto 2.5% of cash withdrawal amount.
- Final Thoughts
Axis bank Olympus credit card serves wide range of benefits to its cardholder, if you travel very frequently you should definitely go for this card. From unlimited domestic and International lounge access to reasonable reward rate that 4% domestic spends and approx 5% on International spends makes this credit card travel friendly. What lacks about this credit card is long list of exclusion, if you look into other credit card like HDFC dinner club they include utilities, insurance and education spends, also in the reward program which is disappointing for olympus credit card holder. However olympus credit card compensate the annual/joining fee by membership and rewards. please comment below what do you like about this credit card.
- Frequently Asked Questions
Is Taj Epicure membership is only for first year?
No, It will be renewed every year in card anniversary.
Is there any spend based criteria in Axis bank Olympus credit card to access lounge?
No Axis bank Olympus credit card do not have spent based criteria for lounge access.
Does Axis Bank Olympus credit card have spend based annual fee waiver?
No, Axis Bank Olympus credit card don’t have spend based annual fee waiver.