M16S / Axis Bank / Axis Olympus Credit Card
super-premium · rewards, travel
Axis Olympus Credit Card
The Axis Olympus Credit Card costs Rs 20,000 a year. Its base return is 4% (1 EDGE Mile per Rs 100 domestic). Accelerated earn: 2 EDGE Miles per Rs 100 on international spend. The forex markup is 1.8%. Lounge visits in India: Unlimited for primary and add-on cardholders; 10 guest visits per calendar year. Read from the issuer's own documents on 31 Oct 2026.
- Annual fee
- Rs 20,000+ GST
- Fee waived at
- —
- Base return
- 4%
- Forex markup
- 1.8%
- Interest
- 3%a month
What changed on this card
- Axis Priority Pass and hotel memberships need consent from 15 Nov 2026
From 15 November 2026, Axis Bank renews Priority Pass and hotel memberships on 9 premium cards only if the cardholder gives explicit consent.
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 20,000 |
|---|---|
| Annual fee | Rs 20,000 |
| Fee notes | No spend waiver. Successor to Citi Prestige; aggregator says only Citi-migrated customers hold it. |
Rewards
| Welcome benefit | Taj or ITC hotel vouchers worth Rs 10,000 plus 2,500 EDGE Miles on first transaction within 30 days; both repeat every renewal. |
|---|---|
| Reward currency | EDGE Miles |
| Base earn | 1 EDGE Mile per Rs 100 domestic |
| Base return | 4% |
| Point value | Re 1 per EDGE Mile on Pay by Rewards and SMS redemption (min 500 miles). Transfers 1 EDGE Mile : 4 partner miles standard; 1:2 to Accor, Cathay, Qatar, British Airways, Finnair, Lotusmiles. |
| Accelerated earn | 2 EDGE Miles per Rs 100 on international spend |
| Caps | No earn cap. Transfers capped at 1,50,000 EDGE Miles Group A + 6,00,000 Group B a year. |
| Spends that earn nothing | Transportation and tolls, utilities, insurance, educational institutions, government, wallet, rent, fuel; EMIs, cash, fees |
| Points expiry | Citi-migrated points do not expire; miles earned from 15 Jul 2024: 3 years from earning; all points also lapse after 365 days with no earn, redemption or login (EDGE Rewards T&C) |
| Milestone benefits | None |
| Reward notes | base_return_pct = 1 EDGE Mile per Rs 100 x 1:4 = 4 partner miles per Rs 100 at Re 1 a mile (assumption); 1% at issuer cash value. International 8 miles per Rs 100 before the 1.8% markup. Partner list and groups as reported by third-party trackers after the 23 Sep 2026 reshuffle (Group A: 18 programmes incl. KrisFlyer, Flying Blue, Air India, Qantas, Accor, Cathay, Qatar; Group B: 9 incl. Hilton, IHG, IndiGo BluChip, Miles & More). Axis's own current partner page could not be read; Axis says ratios and groups can change without notice and the ratio shown at transfer applies. Caps are per customer ID per calendar year; if several Axis cards are held the highest card sets the cap. Miles & More has its own extra cap of 2,00,000 miles a year, min 3,000 miles per transfer. |
Transfers
| Partnersunverified | Accor Live Limitless, Air Canada Aeroplan, Air France-KLM Flying Blue, Air India Maharaja Club, British Airways Club, Cathay, Ethiopian Airlines ShebaMiles, Etihad Guest, Finnair Plus, JAL Mileage Bank, Qantas Frequent Flyer, Qatar Airways Privilege Club, Singapore Airlines KrisFlyer, Thai Royal Orchid Plus, Turkish Airlines Miles&Smiles, United MileagePlus, Vietnam Airlines Lotusmiles, Wyndham Rewards, AirAsia Rewards, Hilton Honors, IHG One Rewards, IndiGo BluChip, Lufthansa Miles & More, Orchid Rewards, The Postcard Sunshine Club, Radisson Rewards, SpiceJet SpiceClub |
|---|---|
| Ratiounverified | 1 EDGE Mile : 4 partner miles (standard, incl. Miles & More); 1:2 for reduced-tier partners. Annual cap 1,50,000 EDGE Miles Group A + 6,00,000 Group B; Miles & More binds at 50,000 EDGE Miles. |
Travel and perks
| Domestic lounge | Unlimited for primary and add-on cardholders; 10 guest visits per calendar year |
|---|---|
| International lounge | Unlimited Priority Pass for primary and add-on; 10 guest visits per anniversary year |
| Lounge conditions | No spend condition. Rs 2 or Rs 25 authorisation at domestic lounges. |
| Forex markup | 1.8% |
| Fuel surcharge waiver | 1% on Rs 400-5,000 fuel transactions, cap Rs 500 per statement cycle (MITC) |
| Other freebies | 8 golf rounds/lessons a year plus 1 per extra Rs 50,000 spent; Hotels.com third night free twice a year; 8 domestic airport concierge services; 2 airport transfers a year; Taj Epicure membership; BookMyShow second ticket up to Rs 650 (movies) / Rs 1,000 (events) twice a month each; lost card cover Rs 10 lakh. |
Charges and eligibility
| Interest per month | 3% |
|---|---|
| Late payment fee | Nil up to Rs 500 due; Rs 500 (501-5,000); Rs 750 (5,001-10,000); Rs 1,200 (10,001-50,000); Rs 1,300 above 50,000; plus Rs 100 per cycle if minimum due is missed two cycles running |
| Cash advance fee | 2% of amount, min Rs 300 |
| Eligibility | Not published; issued to migrated Citi Prestige customers |
| Fine-print notes | Issuer T&C updated effective 20 Aug 2026. Rent fee nil; over-limit fee waived; cheque-return fee Rs 350 (MITC). Aggregator quotes 3.6% monthly interest; MITC says 3.0%. |
Questions
- What is the annual fee of the Axis Olympus Credit Card?
- Rs 20,000 a year, before GST.
- Does the Axis Olympus Credit Card give airport lounge access?
- Yes. In India: Unlimited for primary and add-on cardholders; 10 guest visits per calendar year. Outside India: Unlimited Priority Pass for primary and add-on; 10 guest visits per anniversary year. Conditions: No spend condition. Rs 2 or Rs 25 authorisation at domestic lounges.
- What is the forex markup on the Axis Olympus Credit Card?
- 1.8% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Axis Olympus Credit Card?
- Transportation and tolls, utilities, insurance, educational institutions, government, wallet, rent, fuel; EMIs, cash, fees