The Axis Bank Atlas Credit Card is a premium offering tailored for frequent travelers seeking to maximize rewards on their expenditures. Launched to cater to the evolving needs of the modern traveler, this card stands out with its unique rewards structure, tiered benefits, and a plethora of travel-centric privileges. In this comprehensive review, we’ll delve into the card’s features, benefits, fees, and how it compares to other offerings in the market.
Overview of Axis Bank Atlas Credit Card
The Axis Bank Atlas Credit Card is designed to provide substantial rewards, especially for those who frequently spend on travel-related services. Here’s a snapshot of its primary features:
| Feature | Details |
|---|---|
| Card Type | Travel Credit Card |
| Reward Rate | 2% to 10% |
| Annual Fee | ₹5,000 + GST |
| Best Suited For | Direct hotel and airline spends |
| Unique Selling Proposition | Tiered benefits based on annual spending |
Fees and Charges
Understanding the fee structure is crucial for potential cardholders. Here’s a breakdown:
| Fee Type | Amount |
|---|---|
| Joining Fee | ₹5,000 + GST |
| Welcome Benefit | 2,500 EDGE Miles (worth ₹5,000) |
| Renewal Fee | ₹5,000 + GST |
| Renewal Benefit | Up to 5,000 EDGE Miles (based on tier) |
| Fee Waiver | Not applicable |
Note: The welcome benefit of 2,500 EDGE Miles can be transferred to partners like ITC, offering a value of up to ₹5,000.
Rewards Structure
The card offers a distinctive rewards system, earning EDGE Miles instead of the traditional EDGE Reward Points. Here’s how you can accumulate rewards:
| Spend Category | EDGE Miles Earned per ₹100 Spent | Reward Rate (via Travel EDGE Portal) | Reward Rate (via Points Transfer) | Monthly Cap on Accelerated Earnings |
|---|---|---|---|---|
| Regular Spends | 2 EDGE Miles | 2% | 4% | No cap |
| Travel Spends (Airlines, Hotels, Travel EDGE Portal) | 5 EDGE Miles | 5% | 10% | ₹2,00,000 spend |
Excluded Spends for Milestone Benefits: Certain transactions do not count towards milestone benefits, including:
- Wallet loads
- Rent payments
- Gold/jewelry purchases
- Insurance premiums
- Government-related transactions
- Utility payments
- Fuel purchases
Redemption Options
Accumulated EDGE Miles can be redeemed in two primary ways:
- Travel EDGE Portal: Redeem miles for flights and hotel bookings at a 1:1 ratio.
- Transfer to Airline/Hotel Partners: Miles can be transferred to various partners, often at favorable rates.
Transfer Ratios:
| Partner Type | Conversion Rate (EDGE Miles : Partner Miles) |
|---|---|
| Airlines | 1 : 2 |
| Hotels (IHG & ITC) | 1 : 2 |
| Marriott Bonvoy | 2 : 1 |
Note: Transferring to Marriott Bonvoy is less favorable due to the 2:1 ratio.
Membership Tiers and Benefits
The Axis Bank Atlas Credit Card offers a tiered membership system, enhancing benefits as annual spending increases.
| Tier | Annual Spend Requirement | Benefits |
|---|---|---|
| Silver | Up to ₹7,50,000 | – Base tier with standard benefits |
| Gold | ₹7,50,001 to ₹15,00,000 | – 2,500 EDGE Miles as renewal benefit- Enhanced lounge access |
| Platinum | Above ₹15,00,000 | – 5,000 EDGE Miles as renewal benefit- Maximum lounge access and other premium perks |
Airport Lounge Access
Cardholders enjoy complimentary lounge access, varying by membership tier:
| Lounge Type | Silver Tier | Gold Tier | Platinum Tier |
|---|---|---|---|
| Domestic | 4 visits | 8 visits | 12 visits |
| International | 2 visits | 4 visits | 6 visits |
Additional Benefits
- Dining Delights: Enjoy discounts at partner restaurants.
- Fuel Surcharge Waiver: Get a waiver on fuel surcharge across all petrol pumps in India.
- Comprehensive Insurance Coverage: Includes air accident cover and purchase protection.
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