Axis Bank has unveiled its new super premium credit card, the Primus Credit Card. This launch comes as part of Axis Bank’s initiative to make the transition easier for Citi credit card holders. Alongside the Primus, Axis Bank has introduced several new credit cards, including IndianOil Premium, Axis Cashback, IKEA Family Card by Axis, Axis Olympus, and Horizon Credit Card.
Introducing the Primus Credit Card
The Primus Credit Card is designed to offer a luxurious and user-friendly experience. Here’s a detailed look at what it offers:
Key Features of the Primus Credit Card:
- Annual Fee: ₹1.80 lakh
- Interest Rate: 1% per month (12.68% annually)
- Cash Withdrawal Charges: Zero
- Late Payment Fees: Zero
- Over Limit Penalty: Zero
- Forex Charges: Zero
- Fuel Surcharge Waiver: 1% of the transaction amount for fuel transactions between ₹400 and ₹10,000 per statement cycle
- Reward Redemption Fee: None
- Dynamic Currency Conversion Markup: Nil
- Rent Transaction Fee: Zero
What We Know So Far
While detailed benefits and rewards programs are yet to be fully disclosed, the Primus Credit Card already stands out with its low-interest rate, zero additional fees, and attractive perks for frequent travelers and high spenders. The zero forex charges and dynamic currency conversion markup make it particularly appealing for international travelers.