Axis Bank Olympus credit card: rewards points benefits; everything you need to know

The Axis Bank Olympus Credit Card is a recent addition to the Axis Bank credit card range, offering a range of compelling benefits that position it alongside many super premium cards in India. With an annual contribution of ₹Valued at $20,000, it offers attractive benefits across travel and lifestyle categories, including golf and movies.

Although the rewards earning rate is relatively standard, the card boasts an impressive 1:4 redemption rate with travel partners. Although many of the benefits of the Axis Olympus match those of the Citi Prestige, there are some distinct features that set it apart:

Fees, Benefits and Reward Points

Fees and benefits – Axis Bank Olympus credit card comes with membership and renewal fees ₹20,000 plus GST which represents ₹23,600. As an added incentive, all cardholders are eligible for Taj or ITC hotel vouchers worth ₹10,000, offered as both a welcome benefit and an annual renewal benefit. Additionally, cardholders will receive 2,500 EDGE miles (worth ₹2,500) upon joining and at the time of renewal.

Reward Points – Cardholders will earn 1 EDGE Mile for every ₹100 spent on domestic purchases and 2 EDGE miles for each ₹100 spent on international purchases. However, no reward points will be accrued for spending in the following categories: transportation and tolls, utilities, insurance, educational institutions, government services, wallet transactions, rent and fuel.

Reward redemption – The card offers a variety of redemption options to use accumulated rewards. You can redeem your Miles in the following ways:

Users can redeem a maximum of 7,50,000 miles per year, with a cap of 1,50,000 miles for Group A partners and 6,00,000 miles for Group B partners.

Travel privileges

Access to the domestic lounge – Primary and supplementary cardholders enjoy unlimited access to domestic airport lounges at select airports nationwide. Additionally, they receive 10 free visits each year.

Access to the international lounge (via Priority Pass) – All primary and supplementary cardholders receive complimentary Priority Pass membership, granting them unlimited access to more than 1,200 international airport lounges worldwide. This membership also includes 10 guest visits.

Free stay program – When booking a minimum of three nights through Hotels.com using the Olympus Card, cardholders will receive the third night free. This offer applies to one room only and must be booked in the name of the primary cardholder. Additionally, the primary cardholder must be present during the stay at the property. Customers can take advantage of this offer twice in a calendar year.

Airport Concierge Services – All primary cardholders are entitled to 8 complimentary airport concierge services in a calendar year.

Airport transfer services – Primary cardholders are entitled to 2 complimentary airport pick-up and transfer services each year.

Other Lifestyle Benefits

Taj Epicure Membership – Primary cardholders are also eligible for complimentary Taj Epicure membership. This membership is renewed annually, provided that the main card remains active on its anniversary date. Your Taj Epicure membership will be renewed at the end of your card anniversary.

BookMyShow – Customers will receive up to ₹650 off on every movie ticket purchased via the BookMyShow website or app, and up to ₹1,000 off each non-cinema ticket for the second ticket. This benefit can be used twice per month for cinema tickets and twice for non-cinema tickets, per customer. This ongoing benefit remains valid as long as the card is active. However, this benefit only applies to primary cardholders.

Benefits of golf – Cardholders receive 8 free golf lessons or rounds plus 1 guest per year. Furthermore, for each ₹50,000 spent, they can enjoy an additional tour or lesson.

Benefits for Meals – The menu includes the Dining Delights offer, offering exclusive promotions through EazyDiner for a premium dining experience.

Conclusion

The Olympus credit card serves multiple purposes and offers a full range of benefits, making it a strong contender in the super premium credit card category. From enticing offers like buying a movie to a generous transfer rate into EDGE miles, this card truly delivers.

With a competitive rewards rate of 4% on domestic purchases and just over 5% on international transactions, it can significantly boost savings, especially for those who travel frequently. Cardholders also enjoy unlimited access to international and domestic lounges, benefiting both primary and supplementary cardholders.

Rohit Gyanchandani is Managing Director of Nandi Nivesh Private Limited