Introduction to Axis Atlas Credit Card
The Axis Atlas Credit Card is a premium travel-focused credit card designed to cater to frequent travelers and those who seek to maximize their rewards on travel-related spending. Launched by Axis Bank, this card offers a wide range of benefits, including a robust rewards program, extensive lounge access, and additional travel privileges. Targeted towards high-income individuals, the Axis Atlas Credit Card is positioned as a top-tier product in Axis Bank's credit card portfolio, particularly appealing to customers who have an annual income of at least โน12 lakhs if salaried or โน15 lakhs if self-employed.
This card stands out in the market due to its unique rewards system, where users can earn and redeem EDGE Miles, a currency specifically tailored for the Atlas Credit Card. Additionally, the card's tier-based benefits provide an opportunity to unlock more perks as spending increases, making it an attractive option for those who frequently spend on travel and lifestyle purchases.
Joining Benefits of Axis Bank Atlas Credit Card
Welcome Benefit:
Up to 5,000 EDGE Miles as a welcome bonus on card activation.
Reward Points:
Earn up to 5 EDGE Miles for every โน100 spent on international transactions.
Earn up to 2 EDGE Miles for every โน100 spent on domestic transactions.
Additional EDGE Miles on spends at travel-related categories like airlines, hotels, and travel agencies.
Milestone Benefits:
Earn up to 10,000 bonus EDGE Miles on reaching specific annual spend milestones.
Airport Lounge Access:
Unlimited complimentary access to domestic and international airport lounges for primary and add-on cardholders.
Travel Benefits:
Convert EDGE Miles into air miles with leading airline partners or use them for hotel stays, car rentals, and more.
Club Membership:
Complimentary membership to Priority Pass, providing access to over 1,000 airport lounges globally.
Dining Discounts:
Up to 20% off at select premium restaurants through Axis Bankโs Dining Delights program.
Fuel Surcharge Waiver:
1% waiver on fuel surcharge at all petrol pumps across India.
Travel Insurance:
Complimentary travel insurance covering air accident, trip delays, and lost baggage.
Annual Fee Waiver:
Annual fee waived on spending โน7.5 lakhs in a year.
Interest-Free Period:
Up to 50 days of interest-free credit on purchases.
Concierge Services:
24/7 global concierge service for travel, dining, and entertainment arrangements.
Axis Atlas Credit Card Features
Welcome Benefits
The Axis Atlas Credit Card offers a significant welcome bonus that varies based on the date of card issuance:
- For cards issued from April 20, 2024, onwards: Users receive 2,500 EDGE Miles as a welcome benefit upon completing their first transaction within 37 days of card issuance.
- For cards issued between December 20, 2022, and April 19, 2024: Users are entitled to 5,000 EDGE Miles as a welcome benefit after making their first transaction within 30 days of card issuance.
- For cards issued before December 20, 2022: Users receive 5,000 EDGE Miles upon completing three transactions within 60 days of card issuance.
These welcome EDGE Miles, which have a value of โน1 per mile, can be viewed and managed through the Axis Bank Mobile Application under the "Atlas Miles" section.
Rewards Program
The rewards structure of the Axis Atlas Credit Card is centered around earning EDGE Miles:
- Travel Spending: Cardholders earn 5 EDGE Miles for every โน100 spent on travel-related transactions, making this card particularly lucrative for frequent travelers.
- Other Spending: Users earn 2 EDGE Miles for every โน100 spent on non-travel-related purchases, providing steady rewards across various spending categories.
These EDGE Miles can be redeemed for booking flights, hotels, and other travel experiences through the Axis Bank Mobile App or the dedicated travel portal, traveledge.axisbank.co.in. Additionally, EDGE Miles can be transferred to partner loyalty programs at a rate of 1 EDGE Mile = 2 partner miles, offering flexibility for travelers who prefer specific airline or hotel loyalty programs.
Travel Benefits
The Axis Atlas Credit Card offers substantial travel perks:
- Domestic Lounge Access: Cardholders are entitled to 8 complimentary domestic lounge visits annually at select airports across India.
- International Lounge Access: The card also provides 4 complimentary international lounge visits per year, which can be accessed by generating a QR code through the Axis Bank Mobile App.
- Miles Transfer Program: Cardholders can convert their EDGE Miles into partner miles, providing greater flexibility in planning trips and booking travel services.
These benefits ensure that frequent travelers can enjoy a comfortable journey, with access to lounges and the ability to maximize their rewards on travel spending.
Dining Benefits
Through a partnership with EazyDiner, the Axis Atlas Credit Card offers:
- 25% Discount on Dining: Cardholders can avail of a 25% discount, up to โน800, on dining at select restaurants when booking through the EazyDiner app or website. This offer is valid twice per month with a minimum order value of โน2,000.
Axis Atlas Credit Card Benefits
Beyond the core features of rewards, travel benefits, and dining discounts, the Axis Atlas Credit Card offers several additional perks that enhance its value proposition.
Fuel Surcharge Waiver
- 1% Fuel Surcharge Waiver: Cardholders enjoy a 1% fuel surcharge waiver on transactions between โน400 and โน4,000, with a maximum benefit of โน400 per statement cycle. This benefit is especially useful for those who frequently use their credit card for fuel purchases.
Tier-Based Benefits
The Axis Atlas Credit Card features a tier system (Silver, Gold, Platinum) that offers additional benefits as cardholders reach specific spending milestones:
- Silver Tier: Base level with standard benefits, including welcome miles, lounge access, and reward points.
- Gold Tier: Unlocked at โน7.5 lakhs in annual spending, offering additional lounge visits and higher reward accruals.
- Platinum Tier: Achieved at โน15 lakhs in annual spending, providing maximum benefits, including more lounge visits, airport pickups, and enhanced rewards.
Insurance Coverage
While specific insurance details may vary, Axis Atlas Credit Cardholders typically have access to insurance coverage related to travel, such as lost baggage protection, flight delay insurance, and accident insurance. These coverages provide peace of mind when traveling, ensuring that cardholders are protected against common travel-related inconveniences.
Fee Waivers
In addition to the rewards and travel perks, the Axis Atlas Credit Card includes several fee waivers that add to its value:
- Card Replacement Fee Waiver: No charge for replacing a lost or stolen card.
- Duplicate Statement Fee Waiver: Cardholders can request a duplicate statement without incurring any fees.
- Chargeslip Retrieval Fee Waiver: There is no charge for retrieving a chargeslip, which can be helpful in resolving disputes.
Axis Atlas Credit Card Lounge Access
The Axis Atlas Credit Card provides extensive lounge access benefits, enhancing the travel experience for its cardholders. This feature is particularly valuable for frequent travelers who often find themselves in need of a comfortable place to relax before a flight.
Domestic Lounge Access
Cardholders are entitled to 8 complimentary domestic lounge visits per year at participating airports across India. These lounges offer a variety of amenities, including comfortable seating, complimentary snacks and beverages, Wi-Fi access, and entertainment options, ensuring a more pleasant wait time at the airport.
How to Access Domestic Lounges:
- Via Axis Bank Mobile App: Cardholders can generate a QR code through the Domestic Lounge section in the Benefits section of the Axis Bank Mobile App. This QR code can be presented at the lounge helpdesk to gain access.
- Direct Access: Alternatively, cardholders can swipe their Axis Atlas Credit Card directly at the lounge to gain entry. This method is simple and straightforward, making it easy for cardholders to take advantage of the lounge access benefit.
International Lounge Access
For international travelers, the Axis Atlas Credit Card offers 4 complimentary international lounge visits annually. These lounges are available at select international airports, providing a peaceful environment with amenities similar to domestic lounges, along with additional services like shower facilities, business centers, and a wider selection of food and beverages.
How to Access International Lounges:
- Similar to domestic lounges, cardholders can generate a QR code via the International Lounge section of the Axis Bank Mobile App. This QR code is presented at the lounge helpdesk for entry.
Terms and Conditions
- Program Partner: Lounge access is provided through Axis Bankโs partnership with Dreamfolks, a global airport services provider. The list of eligible lounges is subject to change based on the agreement between Dreamfolks and the lounge operators.
- First Come, First Serve: Lounge access is provided on a first-come, first-served basis, meaning availability might be limited during peak travel times.
- Guest Access: The cardholderโs accompanying guests may also gain entry to the lounges, depending on the loungeโs policy and the cardholderโs available complimentary visits.
Restrictions
- Limitations on Access: The number of complimentary visits is capped annually, which could be a limitation for very frequent travelers who require more lounge access than the provided allowance.
- Possible Modifications: The terms of lounge access, including eligible lounges and the nature of services offered, are subject to change at the discretion of Axis Bank and Dreamfolks.
Axis Atlas Credit Card Limit
The credit limit on the Axis Atlas Credit Card is an important factor that determines how much a cardholder can spend using the card. The limit is set by Axis Bank based on several criteria, including the applicantโs income, credit history, and overall financial profile.
Factors Affecting Credit Limit
- Income Level:
- For salaried individuals, the required net annual income to qualify for the Axis Atlas Credit Card is โน12 lakhs and above.
- For self-employed individuals, the required net annual income is โน15 lakhs and above.
- Higher income levels generally correspond to higher credit limits, as the bank considers the cardholderโs ability to repay.
- Credit Score:
- A strong credit score is crucial for securing a higher credit limit. Axis Bank assesses the applicantโs credit history to determine their creditworthiness. Applicants with a good credit score (typically above 750) are more likely to receive a higher credit limit.
- Existing Relationship with Axis Bank:
- Applicants who already have a relationship with Axis Bank, such as holding a savings account or another credit card, may be eligible for a higher credit limit. The bank considers the customerโs transaction history and account management practices.
- Overall Financial Health:
- The bank also considers other financial factors such as the applicantโs existing debt, total monthly obligations, and overall financial stability. Lower existing debt and responsible financial management can lead to a higher credit limit.
Requesting a Credit Limit Increase
Cardholders who wish to increase their credit limit can request a review by Axis Bank. To request an increase:
- Contact Customer Support: The cardholder can contact Axis Bankโs customer service through the bankโs website, mobile app, or by calling the customer service number.
- Submit Income Proof: An updated proof of income (such as a recent salary slip, Form 16, or income tax return) may be required to support the request for a higher limit.
- Review Process: Axis Bank will review the request based on the cardholderโs credit history, current income, and overall financial profile. If approved, the new credit limit will be updated and communicated to the cardholder.
Limit Adjustments
- Temporary Increase: For specific needs such as travel or large purchases, cardholders may request a temporary increase in their credit limit. This increase is usually valid for a short period and is subject to approval by the bank.
- Automatic Increase: Axis Bank may periodically review the cardholderโs account and automatically increase the credit limit if the cardholder has demonstrated responsible usage and timely payments.
Eligibility Criteria of Axis Atlas Credit Card
To apply for the Axis Atlas Credit Card, applicants must meet specific eligibility requirements set by Axis Bank. These criteria ensure that only individuals with sufficient financial stability and creditworthiness are granted access to this premium credit card.
Age Requirements
- Primary Cardholder: The primary applicant must be between the ages of 18 and 70 years.
- Add-on Cardholder: Add-on cardholders must be at least 18 years old.
Income Criteria
The Axis Atlas Credit Card is designed for high-income individuals, and the income requirements reflect this:
- Salaried Individuals: A minimum net annual income of โน12 lakhs is required.
- Self-Employed Individuals: A minimum net annual income of โน15 lakhs is required.
These income thresholds ensure that applicants have the financial capacity to manage the card's associated fees and to benefit from its premium features.
Residency
- Resident of India: The card is available exclusively to residents of India. Applicants must provide proof of residence as part of the application process.
Credit Score
- While the exact credit score requirement is not publicly disclosed, Axis Bank generally requires applicants to have a good credit score, typically 750 or higher, to qualify for the Axis Atlas Credit Card. A strong credit history is essential to demonstrate creditworthiness and financial responsibility.
Required Documentation
Applicants must provide the following documents when applying for the Axis Atlas Credit Card:
- Proof of Identity: PAN card photocopy or Form 60.
- Proof of Income: Latest payslip, Form 16, or income tax return (ITR) copy to verify income levels.
- Proof of Residence: Documents such as a passport, driving license, electricity bill, or landline telephone bill to establish residency.
Bankโs Discretion
Axis Bank reserves the right to approve or decline any credit card application based on its internal criteria and risk assessment. Even if an applicant meets all the stated criteria, the bank may still conduct a comprehensive review of the individualโs overall financial situation before making a final decision.
User Experience with Axis Atlas Credit Card
The Axis Atlas Credit Card offers a premium user experience that aligns with its positioning as a high-end travel card. From the application process to ongoing card management, Axis Bank has designed a seamless experience for its cardholders, supported by modern digital tools and responsive customer service.
Application Process
The application process for the Axis Atlas Credit Card is straightforward and can be completed online or at any Axis Bank branch. The online process is particularly user-friendly, with a simple interface that guides applicants through each step. The ability to upload required documents digitally and track the application status online adds convenience, making it easy for prospective cardholders to apply from the comfort of their home.
Card Management
Cardholders can manage their Axis Atlas Credit Card through the Axis Bank Mobile App, which offers a range of features, including:
- Transaction Tracking: Real-time updates on transactions help users keep track of their spending.
- Bill Payments: The app allows for easy payment of credit card bills, with options for full payment, minimum payment, or custom amounts.
- Reward Points Management: Users can monitor their accrued EDGE Miles and redeem them directly through the app for flights, hotel bookings, and other travel experiences.
- Lounge Access: The app simplifies lounge access by enabling users to generate QR codes for both domestic and international lounge visits.
Customer Support
Axis Bank offers 24/7 customer support through multiple channels, including phone, email, and chat. The bankโs customer service is known for its responsiveness and ability to resolve issues efficiently, which is crucial for premium cardholders who may require assistance while traveling. Additionally, the bank provides a comprehensive FAQ section and support via the Axis Bank Mobile App, ensuring that help is always readily available.
User Feedback
Feedback from users of the Axis Atlas Credit Card is generally positive, with many appreciating the cardโs robust travel rewards and ease of use. The mobile app, in particular, is praised for its functionality and the convenience it offers in managing the card. However, some users have noted that the high finance charges and foreign currency transaction fees can be a downside if not managed carefully.
Axis Atlas Credit Card Charges
The Axis Atlas Credit Card comes with a range of fees and charges that cardholders should be aware of. These costs are associated with maintaining the card, using its various features, and managing financial transactions. Understanding these charges is crucial for effectively managing the card and avoiding unnecessary expenses.
Joining and Annual Fees
- Standard Joining Fee: โน5,000 plus applicable taxes. This fee is charged when the card is issued.
- Standard Annual Fee (2nd year onwards): โน5,000 plus applicable taxes. The annual fee is charged every year from the second year onwards.
These fees are relatively high, reflecting the premium nature of the card and the extensive benefits it offers, particularly for frequent travelers.
Finance Charges
- Retail Purchases and Cash Advances: 3.60% per month (52.86% per annum). This interest rate applies to any outstanding balance on the card that is not paid in full by the due date.
- Cash Withdrawal Fees: 2.5% of the withdrawn amount (with a minimum charge of โน500). This fee is applied whenever cash is withdrawn using the credit card.
Foreign Currency Transaction Fee
- Foreign Currency Transaction Fee: 3.50% of the transaction value. This fee is charged on all transactions made in foreign currencies, making it important to consider when using the card abroad.
Late Payment Fees
- Overdue Penalty or Late Payment Fee:
- No fee if the total payment due is up to โน500.
- โน500 if the total payment due is between โน501 and โน5,000.
- โน750 if the total payment due is between โน5,001 and โน10,000.
- โน1,200 if the total payment due is greater than โน10,000.
These fees are imposed when the minimum payment is not made by the due date, making it crucial for cardholders to manage their payments effectively.
Other Fees
- Over Limit Penalty: 2.5% of the overlimit amount (with a minimum charge of โน500). This fee is charged if the cardholder exceeds their approved credit limit.
- Fuel Transaction Surcharge: 1% of the transaction amount (refunded for fuel transactions between โน400 and โน4,000, with maximum benefits up to โน400 per statement cycle).
- Rent Transaction Fee: 1% of the transaction amount, capped at โน1,500 per transaction. This fee applies to rent payments made using the card.
- Dynamic Currency Conversion (DCC) Markup: 1% of the transaction amount. This fee is applicable on international transactions performed in Indian currency at international locations or with merchants registered in a foreign nation.
Waived Fees
Some fees are waived for Axis Atlas Credit Cardholders:
- Card Replacement Fee: Waived. There is no charge for replacing a lost or damaged card.
- Duplicate Statement Fee: Waived. Cardholders can request a duplicate statement without incurring any charges.
- Chargeslip Retrieval Fee: Waived. Cardholders can retrieve chargeslips at no cost.
- Outstation Cheque Fee: Waived.
- Balance Enquiry Charges: Waived.
- Reward Redemption Fee: Waived. No fee is charged for redeeming EDGE Miles for rewards.
How to Apply Axis Atlas Credit Card?
Applying for the Axis Atlas Credit Card is a straightforward process, whether you choose to do it online or offline. Hereโs a step-by-step guide to help you navigate the application process:
Online Application Process
- Visit the Axis Bank Website:
- Start by visiting the official Axis Bank website. Navigate to the credit cards section and select the Axis Atlas Credit Card from the list of available cards.
- Check Eligibility:
- Before proceeding with the application, itโs advisable to check the eligibility criteria listed on the website. Ensure that you meet the age, income, and residency requirements.
- Fill in the Application Form:
- Click on the "Apply Now" button. You will be directed to an online application form where you need to fill in personal details such as your name, contact information, PAN number, and income details.
- Upload Required Documents:
- As part of the application process, youโll need to upload digital copies of required documents. These typically include:
- PAN card or Form 60.
- Latest salary slip, Form 16, or income tax return (ITR) as proof of income.
- Proof of residence such as a passport, driving license, or utility bill.
- As part of the application process, youโll need to upload digital copies of required documents. These typically include:
- Submit the Application:
- After completing the form and uploading the necessary documents, review the details to ensure accuracy. Once satisfied, submit the application.
- Receive Acknowledgment:
- Upon submission, you will receive an acknowledgment receipt with an application reference number. This number can be used to track the status of your application.
- Verification and Approval:
- Axis Bank will review your application, which includes verifying the provided documents and checking your credit history. If everything is in order, your application will be approved.
- Card Issuance:
- Once approved, the Axis Atlas Credit Card will be dispatched to your registered address. Youโll also receive instructions on how to activate the card and set up online banking.
Offline Application Process
- Visit an Axis Bank Branch:
- You can apply for the Axis Atlas Credit Card by visiting your nearest Axis Bank branch. Ensure you carry the required documents such as proof of identity, income, and residence.
- Meet with a Bank Representative:
- At the branch, a bank representative will assist you with the application form. They will guide you through the process, answer any questions, and verify your documents.
- Submit the Application:
- After filling out the form and providing the necessary documents, submit the application at the branch. The bank representative will process your application and provide you with an acknowledgment.
- Follow-Up and Approval:
- The bank will follow the same process of verification and credit assessment. If approved, the card will be sent to your address.
Tips for a Successful Application
- Ensure Accuracy: Double-check all information provided in the application form, including personal details and income information, to avoid delays.
- Maintain a Good Credit Score: A strong credit score increases your chances of approval, as it reflects your creditworthiness.
- Provide Complete Documentation: Ensure that all required documents are current, clear, and properly uploaded or submitted.
Application Status Tracking
- After submitting your application, you can track its status online through the Axis Bank website using the reference number provided at the time of application.
- Alternatively, you can contact Axis Bank customer service for updates on your application.
Comparative Analysis: Axis Atlas Credit Card
| ๏ปฟFeature/Benefit | Axis Atlas Credit Card | HDFC Diners Club Black | American Express Platinum Travel Credit Card | SBI Card ELITE | ICICI Bank Sapphiro Credit Card | Citi PremierMiles Credit Card |
|---|---|---|---|---|---|---|
| Annual Fee | โน5,000 + taxes | โน10,000 + taxes | โน5,000 + taxes | โน4,999 + taxes | โน6,500 + taxes | โน3,000 + taxes |
| Welcome Benefits | Up to 5,000 EDGE Miles | 15,000 Reward Points | Travel vouchers worth โน3,500 on joining | e-Gift voucher worth โน5,000 | Welcome vouchers worth โน10,000 | 10,000 Miles on spending โน1,000 in first 60 days |
| Rewards Program | 5 EDGE Miles per โน100 on travel, 2 EDGE Miles on other spends | 5 Reward Points per โน150, 10X on partner brands | 1 Membership Reward Point per โน50 | 2 Reward Points per โน100, 10 Points on dining, movies, grocery | 4 Reward Points per โน100 on domestic, 8 Points on international | 10 Miles per โน100 on airlines, 4 Miles on other spends |
| Lounge Access | 8 domestic, 4 international visits per year | Unlimited domestic & international visits | 8 domestic lounge visits per year | 8 domestic visits per year, 6 international visits | 4 domestic & international visits per quarter | 8 domestic & international visits per year |
| Foreign Currency Transaction Fee | 3.50% | 2% | 3.50% | 3.50% | 3.50% | 3.50% |
| Dining Benefits | 25% off via EazyDiner (up to โน800/month) | 20% off on partner restaurants | NA | 15% off on dining with partner restaurants | 15% off on dining with partner restaurants | NA |
| Travel Benefits | Miles transfer program, EDGE Miles worth โน1 each | Complimentary memberships, 24/7 concierge | โน11,800 in travel vouchers on spending โน4 lakhs | Domestic/international flight vouchers worth โน7,000 annually | Hotel discounts, airport limo service | Miles redeemable for flights across major airlines |
| Fuel Surcharge Waiver | 1% (up to โน400 per statement cycle) | 1% | 1% | 1% | 1% | NA |
| Eligibility Criteria | โน12 lakhs income (salaried), โน15 lakhs (self-employed) | โน21 lakhs annual income | โน12 lakhs annual income | โน10 lakhs annual income | โน12 lakhs annual income | โน9 lakhs annual income |
| Finance Charges | 3.60% per month (52.86% per annum) | 3.49% per month (41.88% per annum) | 3.35% per month (40.2% per annum) | 3.35% per month (40.2% per annum) | 3.40% per month (40.8% per annum) | |
Comparison Summaries
This comparative table highlights how the Axis Atlas Credit Card stands against other premium travel and lifestyle credit cards in India. Key observations include:
- Annual Fee: The Axis Atlas Credit Card offers a moderate annual fee compared to other high-end cards like the HDFC Diners Club Black, which has a higher fee but also more extensive benefits.
- Rewards Program: The Axis Atlas Credit Card provides strong travel rewards, but other cards like the HDFC Diners Club Black and Citi PremierMiles offer competitive alternatives, especially with their extensive partner networks.
- Lounge Access: While the Axis Atlas Credit Card offers a decent number of complimentary lounge visits, cards like the HDFC Diners Club Black provide unlimited access, which might be more suitable for very frequent travelers.
- Dining Benefits: The dining discounts on the Axis Atlas Credit Card via EazyDiner are generous, but comparable to those offered by other cards, such as SBI Card ELITE and ICICI Bank Sapphiro.
- Foreign Currency Markup: The 3.50% fee on the Axis Atlas Credit Card is standard, though the HDFC Diners Club Black offers a lower 2% fee, which might be advantageous for international travelers.
- Eligibility: The eligibility criteria for the Axis Atlas Credit Card are in line with other premium cards, but options like the Citi PremierMiles may be more accessible with slightly lower income requirements.
Pros and Cons of Axis Atlas Credit Card
The Axis Atlas Credit Card is a premium offering designed to cater to frequent travelers and those who enjoy a high-end lifestyle. Like any financial product, it has its strengths and potential drawbacks. Understanding these pros and cons will help you decide if this card aligns with your needs and spending habits.
Pros
- Robust Travel Benefits:
- The Axis Atlas Credit Card offers extensive travel perks, including complimentary domestic and international lounge access. This makes it an excellent choice for frequent flyers who value comfort and convenience during their travels.
- Generous Rewards Program:
- With the ability to earn 5 EDGE Miles for every โน100 spent on travel-related purchases and 2 EDGE Miles on other spending, the card provides substantial rewards, especially for those who spend heavily on travel.
- Welcome Benefits:
- The card offers significant welcome bonuses, with up to 5,000 EDGE Miles available depending on the issuance date and initial spending. These miles can be redeemed for travel bookings, providing immediate value to new cardholders.
- Flexible Miles Redemption:
- EDGE Miles can be redeemed for a variety of travel-related services, including flights and hotels, through the Axis Bank Mobile App or dedicated portal. Additionally, miles can be transferred to partner loyalty programs at an attractive conversion rate, adding flexibility.
- Dining Discounts:
- Cardholders can enjoy a 25% discount on dining at select restaurants through the EazyDiner platform. This benefit enhances the cardโs value for those who frequently dine out.
- Premium Tier Benefits:
- The cardโs tier system (Silver, Gold, and Platinum) offers escalating benefits as spending increases, providing higher rewards and more perks to high spenders.
Cons
- High Annual Fees:
- The card carries a substantial annual fee of โน5,000, which may be a deterrent for individuals who do not spend enough to offset the cost with the rewards and benefits.
- Limited Lounge Access:
- While the lounge access is a valuable benefit, it is capped at 8 domestic and 4 international visits per year. This limitation might be restrictive for very frequent travelers who require more lounge visits.
- High Finance Charges:
- The finance charges for outstanding balances and cash withdrawals are relatively high at 3.60% per month (52.86% per annum). Cardholders who do not pay off their balance in full each month could incur significant interest charges.
- Foreign Currency Transaction Fee:
- The card imposes a 3.50% fee on foreign currency transactions, which can add up for those who frequently make purchases abroad.
- Eligibility Requirements:
- The high income eligibility criteria (โน12 lakhs for salaried individuals and โน15 lakhs for self-employed individuals) make this card inaccessible to many potential applicants.
- Potential Overheads for Low Spenders:
- For individuals who do not travel frequently or spend significantly on travel and lifestyle categories, the benefits of the card may not justify the high annual fees, making it less cost-effective.
Axis Atlas Credit Card Overview
| ๏ปฟFeature | Details (in โน) |
|---|---|
| Type of Card | Premium Travel Credit Card |
| Annual Fee | โน5,000 + applicable taxes |
| Joining Fee | โน5,000 + applicable taxes |
| Reward Rate | - 5 EDGE Miles per โน100 on travel spending |
| - 2 EDGE Miles per โน100 on other spending | |
| Renewal Fee | โน5,000 + applicable taxes |
Conclusion and Overall Rating
The Axis Atlas Credit Card is a strong contender in the premium travel credit card segment, offering a comprehensive suite of benefits tailored for frequent travelers and lifestyle enthusiasts. With its generous rewards program, substantial travel perks, and exclusive dining discounts, the card is well-suited for individuals who frequently spend on travel and luxury experiences. The cardโs EDGE Miles program, which allows for flexible redemption options, further enhances its appeal, especially for those who value travel rewards.
The annual fee of โน5,000 is justified by the cardโs extensive offerings, particularly for those who can fully utilize the travel benefits, including lounge access and the miles transfer program. Additionally, the tiered rewards system encourages higher spending, unlocking more benefits as cardholders reach key milestones.
While the card does carry high finance charges and foreign currency transaction fees, these are standard for premium cards in this category. The eligibility requirements, set at a relatively high income level, ensure that the card is targeted at individuals who can afford its costs and make the most of its rewards.
The Axis Atlas Credit Card earns a strong overall rating for its robust travel benefits, rewarding loyalty program, and value-added services. It is an excellent choice for those who travel frequently and prefer a card that offers a blend of luxury, convenience, and rewards. However, potential applicants should carefully assess their spending habits and travel needs to ensure that they can fully benefit from the card's features, making the investment worthwhile.
Alternatives to the Axis Atlas Credit Card
While the Axis Atlas Credit Card offers substantial benefits, particularly for frequent travelers, it may not be the perfect fit for everyone. Depending on your spending habits, travel frequency, and financial goals, other credit cards might offer comparable or even superior benefits. Below are some alternatives to the Axis Atlas Credit Card, each with its own unique features.
1. HDFC Diners Club Black Credit Card
Key Features:
- Rewards Program: Earn 5 reward points for every โน150 spent on retail purchases and up to 10X rewards on partner brands.
- Lounge Access: Unlimited complimentary access to both domestic and international lounges.
- Travel Benefits: Complimentary annual memberships to leading global and Indian travel portals like Club Marriott, Trident Privilege, and others.
- Annual Fee: โน10,000 (plus taxes), which is higher than the Axis Atlas Credit Card but justified by the extensive benefits.
Who Should Consider This Card?
- High spenders who value premium travel perks and global lounge access might find the HDFC Diners Club Black more rewarding, especially if they frequently travel internationally.
2. American Express Platinum Travel Credit Card
Key Features:
- Rewards Program: Earn 1 Membership Rewards Point for every โน50 spent, and additional points on travel-related purchases.
- Travel Vouchers: Receive travel vouchers worth โน7,700 upon spending โน1.9 lakhs annually and an additional โน11,800 on crossing โน4 lakhs.
- Lounge Access: Complimentary access to select domestic airport lounges.
- Annual Fee: โน5,000 (plus taxes), similar to the Axis Atlas Credit Card.
Who Should Consider This Card?
- Frequent domestic travelers who can maximize the value of travel vouchers and appreciate the prestige of an American Express card might prefer this option.
3. SBI Card ELITE
Key Features:
- Rewards Program: Earn 2 reward points for every โน100 spent and 10 reward points on dining, movies, and grocery spends.
- Lounge Access: 6 complimentary visits to international lounges per year and 2 visits per quarter to domestic lounges.
- Welcome Gift: e-Gift voucher worth โน5,000 from premium brands.
- Annual Fee: โน4,999 (plus taxes).
Who Should Consider This Card?
- Consumers looking for a balance of lifestyle and travel benefits, with a focus on rewards for everyday spending and premium brand vouchers, may find the SBI Card ELITE a strong contender.
4. ICICI Bank Sapphiro Credit Card
Key Features:
- Rewards Program: Earn 4 reward points for every โน100 spent on domestic transactions and 8 points on international transactions.
- Lounge Access: 4 complimentary domestic and international lounge visits per quarter.
- Dining Benefits: Enjoy 15% savings on dining at over 2,500 participating restaurants across India.
- Annual Fee: โน6,500 (plus taxes), higher than the Axis Atlas Credit Card.
Who Should Consider This Card?
- This card is suitable for frequent travelers and those who seek a blend of domestic and international travel benefits, with a particular emphasis on dining rewards.
5. Citi PremierMiles Credit Card
Key Features:
- Rewards Program: Earn 10 Miles for every โน100 spent on airline transactions and 4 Miles on all other transactions.
- Travel Benefits: Access to over 100 domestic and international lounges, along with the ability to redeem miles for flights across major airlines.
- Annual Fee: โน3,000 (plus taxes), which is lower than the Axis Atlas Credit Card, making it a cost-effective alternative.
Who Should Consider This Card?
- Travelers who prioritize earning airline miles and want flexibility in redeeming miles across various airlines might find this card appealing.
FAQs: Axis Atlas Credit Card
Here are some frequently asked questions about the Axis Atlas Credit Card, providing clarity on common concerns and offering useful insights into the cardโs features and benefits.
1. How do EDGE Miles work?
- EDGE Miles are the reward points earned on the Axis Atlas Credit Card. Cardholders earn 5 EDGE Miles for every โน100 spent on travel and 2 EDGE Miles for every โน100 spent on other categories. These miles can be redeemed for travel bookings or transferred to partner loyalty programs.
2. How can I redeem my EDGE Miles?
- EDGE Miles can be redeemed through the Axis Bank Mobile App or by logging into the travel portal (traveledge.axisbank.co.in). Miles can be used for booking flights, hotels, and other travel experiences, or transferred to partner programs where 1 EDGE Mile equals 2 partner miles.
3. Can I increase my credit limit on the Axis Atlas Credit Card?
- Yes, you can request a credit limit increase by contacting Axis Bank customer service and providing updated proof of income. The bank will review your request based on your credit history and financial profile.
4. Are there any foreign currency transaction fees?
- Yes, there is a 3.50% fee on all foreign currency transactions. This fee applies to purchases made abroad or in foreign currencies.
5. What is the process for upgrading my membership tier?
- The Axis Atlas Credit Card has a tier system (Silver, Gold, Platinum) based on annual spending. You can upgrade your tier by reaching specific spending milestones (โน7.5 lakhs for Gold, โน15 lakhs for Platinum). The upgrade happens automatically once the milestone is achieved, offering additional benefits.
6. Is there a dining discount offered with the Axis Atlas Credit Card?
- Yes, the card offers a 25% discount on dining at select restaurants through the EazyDiner platform. This discount is available twice per month with a minimum order value of โน2,000.
7. What should I do if I lose my Axis Atlas Credit Card?
- If you lose your Axis Atlas Credit Card, you should immediately contact Axis Bankโs customer service to report the loss and block the card. The bank will issue a replacement card at no additional charge.
