Axis Atlas Credit Card: From features to eligibility criteria; all you need to know

India’s journey and tourism business has been doing properly lately. Common household holidays have turn out to be a typical monetary objective for a lot of people. These embrace leisure holidays, spiritual tourism, medical tourism, combining work journey with taking a while off with household, and so forth. Seeing the demand for journey and tourism, some banks have launched travel-centric bank cards. The Axis Atlas Credit score Card is one among them. 

The cardboard has options like accelerated reward factors for travel-related spending like flight and resort bookings, airport lounge entry, switch of reward factors to frequent flyer applications (FFPs) and resort loyalty applications, and so forth. Allow us to take a look at the cardboard options and advantages, reward factors incomes and redemption, eligibility standards, charges, and so forth.

Options and advantages

The Axis Financial institution Atlas Credit Card supplies 2 EdgeMiles or EMs (loyalty foreign money of the cardboard) for each Rs. 100 spent. For journey associated spends, the cardboard presents accelerated rewards of 5 EdgeMiles (EMs) for each Rs. 100 spent. The travel-related spends embrace reserving flights, resort lodging, and transactions on the Axis Financial institution Journey Edge portal. The accelerated reward factors are relevant for flights booked immediately on the airline-owned web sites, airline counters, airline helpline numbers, and so forth. The service provider class codes (MCC) embrace 3,000 to three,350 and 4,511.

Equally, for resort spends, the accelerated reward points are relevant for direct purchases made at hotel-owned web sites and resort counters. The MCC codes embrace 3,501 to three,838 and seven,011.

Welcome profit

The cardboard presents a welcome profit of two,500 EMs on fee of the Rs. 5,000 + taxes becoming a member of payment. The EMs are awarded on doing the primary transaction inside 37 days from card issuance. It is possible for you to to see the EMs in your miles account inside 7 days from the transaction date.

Tiers and their advantages

Cardholders get sure advantages based mostly on their tier. All cardholders begin as silver members. Based mostly on the quantity spent in a card anniversary 12 months, they will get upgraded to gold or platinum tier. On spending Rs. 7.5 lakhs in a card anniversary 12 months, the cardholder will get upgraded from silver tier to gold tier. When the annual spends cross Rs. 15 lakhs, the cardholder will get upgraded from gold to platinum tier.

A member’s tier can be evaluated at the beginning of each anniversary 12 months based mostly on the earlier 12 months’s spends. Based mostly on their tier, the cardholder will get the next advantages.

Milestone profit

Aside from the common spend-based EMs, the cardboard presents further EMs based mostly on reaching sure spend-based milestones in a card anniversary 12 months as follows.

Thus, a cardholder can rise up to 10,000 Edge Miles by spending as much as Rs. 15 lakhs in a card anniversary 12 months.

Exclusions

The cardholders is not going to earn any common or accelerated Edge Miles for spends within the following classes.

The spends executed on the above classes can be excluded for the cardholder’s tier analysis.

Reward factors redemption

The worth of 1 EdgeMile (EM) is Rs. 1. Nonetheless, the EMs can’t be encashed. Axis Financial institution has tied up with numerous home and worldwide loyalty program companions throughout airways and inns. Atlas credit score cardholders can switch the Edge Miles to those numerous companions. The switch ratio is 1 Edge Mile = 2 Associate Factors (apart from Marriott Bonvoy, the place 2 Edge Miles = 1 Associate Level).

A cardholder can switch a complete of 1,50,000 Edge Miles per buyer ID to varied miles switch companions in a calendar 12 months. The miles switch companions are divided into two teams as follows.

A cardholder can switch a most of 30,000 Edge Miles per buyer ID cumulatively to companions in Group A in a calendar 12 months. Equally, a cardholder can switch a most of 1,20,000 Edge Miles per buyer ID cumulatively to companions in Group B in a calendar 12 months.

Thus, with Axis Financial institution Atlas Credit score Card, prospects have a number of choices to switch their Edge Miles to varied airline and resort companions. Additionally, the switch ratio of 1 Edge Mile = 2 Associate Factors (apart from Marriott Bonvoy) presents good worth for every Edge Mile.

Eligibility standards and costs

A salaried particular person ought to have a internet annual revenue of Rs. 12 lakhs and above to be eligible for the Atlas Credit score Card. A self-employed particular person ought to have a internet annual revenue of Rs. 15 lakhs and above. The becoming a member of payment is Rs. 5,000 + GST, and the annual payment is Rs. 5,000 + GST.

Do you have to go for the Axis Financial institution Atlas Credit score Card?

The cardholder can switch the Edge Miles to a accomplice of selection and ebook flight tickets and/or resort lodging for his or her household trip. Another travel-centric bank cards embrace the American Categorical Platinum Journey Credit score Card, Marriott Bonvoy HDFC Financial institution Credit score Card, and so forth. 

Your selection of bank card within the journey phase will rely on the eligibility standards, annual fees, card acceptance, alternatives to earn and redeem reward factors, the worth per level, and so forth. 

The Axis Financial institution Atlas Credit score Card ticks in a lot of the above containers. It is among the finest travel-centric bank cards. If you’re a journey freak, you could take into account making use of for the Axis Financial institution Atlas Credit score Card.

Gopal Gidwani is a contract private finance content material author with 15+ years of expertise. He may be reached at LinkedIn.