As the migration of Citi's consumer business in India to Axis Bank nears completion, Axis Bank has introduced the Olympus Credit Card to its customers, promising a seamless transition and a host of new benefits. The official migration is set to be completed by July 15, 2024, after which customers will receive their new Axis Bank Olympus Credit Cards by the end of the year.
What to Expect During the Transition
Current Citi-branded credit cardholders will continue to use their existing cards without interruption until their new Axis Bank Olympus Credit Card arrives. Key details, such as card numbers, CVV codes, transaction limits, and statement dates, will remain unchanged, ensuring minimal disruption for users. Additionally, the annual fees will stay the same, and accumulated points will be converted to Axis Bank EDGE Miles, maintaining their value and benefits.
Enhanced Features of the Axis Bank Olympus Credit Card
Axis Bank has tailored the Olympus Credit Card to offer enhanced features and rewards, designed to elevate the cardholder's experience. Some of the notable benefits include:
- Earning and Redeeming EDGE Miles:
- 2 EDGE Miles for every โน100 spent on international transactions.
- 1 EDGE Mile for every โน100 spent on other transactions.
- Redeem EDGE Miles through the Axis Bank TRAVEL EDGE portal, with each Mile equivalent to โน1.
- Convert EDGE Miles to points with over 20 airline and hotel loyalty programs.
- Luxury and Travel Perks:
- Complimentary gift vouchers worth โน10,000 from ITC or Taj Hotels on annual renewal.
- Complimentary Taj Epicure membership with exclusive privileges.
- One complimentary night on booking a two-night stay at select hotels and resorts, twice a year.
- Reduced forex markup of 1.8% on international spends.
- Unlimited complimentary lounge access at domestic and international airports for primary and add-on card members, plus 20 complimentary lounge visits per year for guests.
- Eight domestic airport meet-and-greet services and two domestic airport transfers per year.
- Additional Rewards:
- Eight complimentary golf rounds or lessons annually at premier golf clubs, with an additional round or lesson for every โน50,000 spent.
- 24x7 concierge services for all requirements.
Key Points and Actions Required
- EDGE Miles earned after the migration will have a validity of three years, with revisions to the miles transfer program.
- Add-on cards will also be migrated to Axis Bank.
- Outstanding dues and ongoing EMIs will be transferred to the new card.
- Certain fees, such as those for foreclosing ongoing loans or EMIs, will apply.
Additionally, customers have received notifications about credit limit increases on their Axis Bank Select and Olympus Credit Cards, with credit limits now combined with those of their Citi-branded credit cards. For customers who own both Select and Magnus Credit Cards, it is likely that the Magnus Card will also be combined with the Olympus Credit Card.
This transition marks a significant step in enhancing the banking experience for former Citi customers now joining the Axis Bank family, promising an array of luxurious benefits and seamless banking operations.
