Axis Bank recently launched a new lineup of credit cards to make it easier for Citi credit card holders to switch to Axis Bank. The new credit cards include IndianOil Premium, Axis Cashback, IKEA Family Card by Axis, Axis Olympus, and Horizon Credit Card. There is also speculation about the upcoming launch of a super premium credit card called the Primus credit card. Some believe this new card is intended for Citi Ultima cardholders to transition to Axis Bank. Although not much is known about this new credit card yet, some of its features have been mentioned in the Axis Bank MITC.

Axis Bank Set to Launch Super Premium 'Primus' Credit Card

With an annual fee of ₹1.80 lakh, it features a low interest rate of just 1% per month (12.68% annually). Cardholders enjoy zero cash withdrawal charges, no late payment fees, and no over-limit penalties. The card also offers zero forex charges, which is extremely useful for those who frequently travel abroad. Additionally, there is the usual benefit of a 1% fuel surcharge waiver for fuel transactions between ₹400 and ₹10,000 per statement cycle. 

What We Know About the Axis Primus Credit Card?

The complete available details of the card are given below.

  • Joining/Annual Fee – ₹1.80 Lakh
  • Rate of Interest – 1% Per Month (12.68% Annually)
  • Zero Cash Withdrawal Charges
  • Zero Late Payment Fees
  • Zero Over Limit Penalty
  • Fuel Surcharge Waiver – 1% of the Transaction Amount (Refunded for Fuel Transactions Between ₹400 to ₹10,000 Per Statement Cycle)
  • Reward Redemption Fee – None
  • Zero Forex Charges
  • Dynamic Currency Conversion Markup – Nil
  • Zero Rent Transaction Fee

Bottom Line

Axis Bank has been in the news recently due to its release of several new generic and co-branded credit cards. Now, the new Primus Credit Card is also set to be launched by Axis Bank. This super premium card might be seen as an alternative to the Citi Ultima card. With features like high fees, zero forex charges, zero withdrawal charges, and low interest rates, this card is surely going to turn everyone’s attention. We will all have to wait and see what features this card offers.

4 Comments

  1. T Ashok Reddy Reply

    Full details tell me please

    • Kartik Kanwar Reply

      Lets wait for card launch and reveal.

  2. Sumit Reply

    No need to get excited. They will cancel all the features in 6 months like they did with each if their cards. One of the foolish credit card division they have.

  3. Axis bank Reply

    Never apply for axis bank credit card our bank never give rewards points for multiple transactions.

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