Axis Financial institution has very many premium and tremendous premium bank cards and likewise the Atlas Credit score Card which serves a number of segments directly: from journey to tremendous premium (or) even an Extremely premium phase, primarily based on spends.
Axis Financial institution Atlas Credit score Card is certainly one of a form, fairly distinctive the best way it really works however on the identical time appears to be like sophisticated for many. That mentioned, right here’s a easy information that will help you perceive it higher and use it successfully, when you select to use for one.
Overview
| Kind | Journey Credit score Card |
| Reward Fee | 4% to 18% |
| Annual Price | 5,000+GST |
| Finest for | Direct Resort & Airline Spends |
| USP | Tiered advantages primarily based on spends |
Axis Financial institution Atlas bank card has been not too long ago face-lifted by growing the common reward charge and including extra spend classes that earns accelerated rewards.
Ideally its finest fitted to most premium bank card customers with a give attention to journey and it additionally serves as a very good alternative for Axis Magnus in 2024.
Charges
| Becoming a member of Price | 5,000 INR+GST |
| Welcome Profit | 5000 Edge Miles (10,000 INR worth simply) |
| Renewal Price | 5,000 INR+GST |
| Renewal Profit | 2,500 Edge miles (Silver) 5,000 Edge miles (Gold) 10,000 Edge miles (Platinum) |
| Renewal Price waiver | Nil |
The welcome advantage of 5K edge miles may be transferred to ITC (amongst others) and may be redeemed for 10,000 INR price of keep, meals, and so forth at ITC inns.
Or, when you’re into Accor inns (Ibis, Novotel, Sofitel, Fairmont, Raffles, and so forth) then you definately would get about 18,000 INR in worth.
It means you’re paying 5K INR and getting worth upto 18K INR – that’s like an in a single day multibagger. 🙂
Word that there are additionally many extra airline companions with a very good conversion charge and we’ll discover them later beneath.
Whereas there isn’t any renewal price waiver possibility on this card, the benefit of the Atlas Credit score Card is that it offers engaging renewal profit when you spend nicely throughout the card anniversary 12 months, particularly with the Platinum tier (15L spend requirement).
However do not forget that even gold tier (7.5L spend) is enough to get 4X worth of the renewal price paid. Extra about varied tiers shortly.
Design
The design appears to be like not solely neat, easy and exquisite but in addition related to the kind of card, so is the selection of identify: Atlas.
When you’ve had the cardboard in hand, you’ll agree that the cardboard appears to be like and feels pretty much as good as you see within the picture above.
Rewards
Not like all different Axis Credit score Playing cards, Axis Atlas doesn’t earn “Edge Rewards”, nevertheless it earns “Edge Miles”.
It’s a separate miles stability that displays on the Axis Edge Rewards account and isn’t linked with another product to this point.
| SPEND TYPE | Edge Miles | REWARD RATE (EDGE REWARDS PORTAL) | REWARD RATE (POINTS TRANSFER) |
|---|---|---|---|
| Common Spends | 2 / 100 INR | 2% | ~4% |
| Axis Journey Edge Portal | 5 / 100 INR | 5% | ~10% |
| Airways & Inns (Direct) | 5 / 100 INR | 5% | ~10% |
It’s to be famous that when you intend to pre-pay for flights/inns utilizing journey edge portal, Axis Magnus [burgundy variant with 5:4] could be a greater possibility.
Redemption
There are a number of choices to redeem edge miles, broadly divined into two, as beneath:
- Redeem on Journey Edge portal: 1:1 (for flights/inns)
- Switch Edge miles to airline/resort companions
Whereas redeeming on journey edge portal is the tremendous easy possibility with a static worth, we don’t get nice worth there.
As an alternative, one can switch the factors to airways and inns and get fairly good worth. Right here’s a fast take a look at the switch ratio.
| Airline | Conversion Fee (Edge Miles:Associate Miles) |
|---|---|
| All Airways* | 1:2 |
| Inns: IHG & ITC | 1:2 |
| Resort: Marriot Bonvoy | 2:1 |
- Airways: United, Singapore Airways, Turkish, Etihad, Qatar, Air France, Ethiopian, Vistara & Spicejet
As you’ll be able to see, the switch ratio is 1:2 throughout all airways & inns, apart from Marriott Bonvoy which is at 2:1. So it’s not sensible to switch these factors to Marriott from Atlas Credit score Card.
When you’re into Marriott, you’ll be able to nonetheless switch your factors to ITC after which to Marriott (2 ITC factors = 3 MB factors), however that is restricted to 15K factors per quarter or so.
Typically, ITC is the goto possibility for many cardholders to get higher worth, because it’s lot simpler and likewise permits to switch the factors additional to Marriott Bonvoy.
When you want to discover worldwide airline redemptions, our easy guides are right here: Singapore Airways – KrisFlyer & United Airways – MileagePlus (extra to comply with quickly).
Milestone Profit
| Spend Requirement | Milestone Profit |
|---|---|
| 3 Lakhs | 2,500 Edge Miles |
| 7.5 Lakhs | 5,000 Edge Miles |
| 15 Lakhs | 10,000 Edge Miles |
Assuming you’re capable of do “common” spends of 15 Lakhs, you’ll get 40,000 Edge miles that may be simply valued at 80,000 INR and even ~1,44,000 INR (Accor & airline candy spots), with wonderful reward charges pretty much as good as 5.3% and 9.6% respectively.
However do not forget that pockets & rental spends wont be thought of for milestone advantages.
Membership Tiers
| Annual Spends | Membership Tier |
|---|---|
| < Rs. 7.5 lacs | Silver |
| Rs. 7.5 lacs to Rs. 15 lacs | Gold |
| Rs. 15 lacs & above | Platinum |
Axis Atlas Credit score Card comes with membership tiers and it’s a novel system within the bank card trade.
The membership tiers are purely primarily based on bank card spends with Platinum tier on prime that provides entry to many of the airport advantages, together with luxurious airport transfers which is obtainable solely with the costly Axis Reserve.
Airport Providers
Axis Financial institution Atlas Credit score Card offers you entry to beneath airport companies relying on the membership tier you’re in:
Listed here are the complimentary limits on respective tiers for airport companies.
| Membership Tier | Airport Meet & Greet | Airport Switch |
|---|---|---|
| Silver | – | – |
| Gold | 2 | – |
| Platinum | 4 | 2 |
Nevertheless, be aware that these airport companies can neither be booked on the Extraordinary weekends portal nor by way of concierge line, in contrast to the opposite playing cards like Magnus & Reserve.
With Atlas, airport companies may be booked solely by way of the Atlas Dashboard on app/web site and that’s not one thing you’ll take pleasure in doing.
Airport Lounge Entry
The complimentary lounge entry limits on Axis Atlas Credit score Card additionally works as per the tiered system talked about beneath.
| Membership Tier | Home Visits | Worldwide Visits |
|---|---|---|
| Silver | 8 | 4 |
| Gold | 12 | 6 |
| Platinum | 18 | 12 |
- Word: Above visits covers each Major cardholder + friends, if any.
So, as you see above, the excellent news concerning the Atlas Card is that we will avail these complimentary lounge entry each for major cardholder & friends, identical to the Axis Reserve Credit score Card.
Nevertheless, be aware that generally you could be charged for the friends (glitch) and if that occurs, simply drop them an e mail requesting for the reversal simply incase if the prices will not be auto reversed as confirmed by Axis buyer assist.
Do you have to take Atlas?
For all those that have been having fun with the Magnus at 5:4 factors switch in 2023 and unable to get the “Magnus for Burgundy” submit devaluation, Axis Atlas is an excellent possibility to absorb 2024.
You get 4X worth for the becoming a member of price, 9.6% reward charge on 15L spend, and 4% past. These are big numbers for this phase and maybe the best rewarding card within the nation in the intervening time with 15L spend.
Infact, over ~70% of outdated Magnus Cardholders are anticipated to modify to Atlas inside a 12 months, as quickly as their Magnus renewal kicks-in.
Nevertheless, do not forget that after Magnus devaluation, Atlas is destined to be devalued (maybe by mid 2024) and it’s possible you’ll count on a 50% drop in reward charge.
Because the devaluation is inevitable, it’s sensible to pay money for the Amex Platinum Journey Card (issued as First Yr Free) which has been the very best journey bank card within the nation for ages.
My Expertise
I bought the Axis Atlas Credit score Card few months in the past and it was a clean journey.
The devoted card administration dashboard for Atlas on Cellular & net-banking works splendidly nicely.
Aside from that, the 5X rewards will get credited for resort spends on time, hopefully so for airways. I did a small txn few months in the past to examine the identical and it does work as anticipated.
Eligibility
- Annual Revenue: 9 Lakhs & above
- Present different Financial institution Credit score Card: ~3 Lakhs (or) above restrict
It’s traditionally simple to get accepted, so it’s possible you’ll not want to fret about it. Additional, to not neglect that you could be maintain upto 3 Axis Financial institution Credit score Playing cards concurrently at any time limit.
The best way to Apply?
It’s possible you’ll apply on-line on Axis Financial institution web site in a matter of few clicks. Axis Financial institution is not too long ago recognized for processing contemporary bank card functions fairly quick, like card supply in 5 days at occasions.
Typically it’s possible you’ll get the cardboard accepted inside every week from the date of software and yet one more week for card supply.
When you’re new to financial institution, to not fear, you don’t have to open a contemporary Axis Financial institution Financial savings A/c to get an Axis Credit score Card.
Backside line
Total Axis Financial institution’s Atlas Credit score Card is a completely loaded card at this price vary and has the flexibility to provide experiences that solely an extremely premium bank card can provide – all you want is the excessive spend potential.
That mentioned, time is ticking and it’s possible you’ll hear the devaluation information anytime quickly. Till then,
Make hay whereas the solar shines!
When you intend to have 3 finest premium bank cards from Axis Financial institution, this may be one amongst – others being Axis Magnus for Burgundy & Axis Vistara Infinite.
Do you’ve Axis Financial institution Atlas Credit score Card? Be at liberty to share your experiences within the feedback beneath.
