CardIQIndia
Verified by CardIQ admin · last checked 05 Jul 2026
36
#87 of 173 in credit
Axis Bank

Axis Bank Olympus Credit Card

creditMastercardInvite-only

Axis Bank Olympus Credit Card — invite-only super-premium card issued primarily to migrated Citi Prestige cardholders. Earns 1 EDGE Mile per ₹100 on domestic spends and 2 EDGE Miles per ₹100 on international spends. Catalogue redemption ≈ ₹0.20/mile, but the card is built for airline/hotel transfers at 1 EDGE Mile = 4 partner points (Group A), pushing effective value to ~4–8% on strategic redemptions. Perks: ₹10,000 Taj/ITC voucher + 2,500 EDGE Miles at joining & every renewal, unlimited domestic & international Priority Pass lounges, Airport Meet & Greet, Hotels.com stay benefit, golf, BookMyShow, premium concierge, dining & luxury hotel privileges. 1.8% forex. Annual fee ₹20,000 + GST, waived on ₹25L annual spends. Max 7.5L EDGE Miles/year transferable to partners.

Score breakdown

Data completeness: 100% · Last verified: 06 Jul 2026

Reward value21/100 · weight 65%
≈ 1.00% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +10.0% score bonus — earns broadly without narrow category restrictions.
No rewards on: government, wallet_load, rent, education, utilities, fuel, insurance. Reward score is scaled by ×(1 − 4.8%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.
Fee efficiency18/100 · weight 11%
Redemption flexibility92/100 · weight 8%
Perks89/100 · weight 8%
Devaluation risk70/100 · weight 8%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
₹20,000 + 18% GST
= ₹23,600 total
Annual fee
₹20,000 + 18% GST
= ₹23,600 / year total
Waiver: Annual fee waived on retail spends of ₹25 lakh in the preceding card anniversary year
Forex markup
1.8%

Lounge access

Domestic (per year)
Unlimited
International (per year)
Unlimited

Confirmed devaluation alerts

No confirmed devaluations tracked for this card. That doesn't mean none exist — see the neutral 70/100 devaluation-risk sub-score above.

Reward structure

CategoryTypeRateCapNotes
all_spendscashback1%—1 EDGE Mile per ₹100 on domestic eligible spends. Catalogue ₹0.20/mile, ~₹1/mile realistic on partner transfers (up to 4–8% effective on strategic airline/hotel redemptions). International spends earn 2 miles/₹100.
fuelcashback0%—No EDGE Miles on fuel
rentcashback0%—No EDGE Miles on rent
wallet_loadcashback0%—No EDGE Miles on wallet loads
utilitiescashback0%—No EDGE Miles on utilities
insurancecashback0%—No EDGE Miles on insurance
educationcashback0%—No EDGE Miles on education
governmentcashback0%—No EDGE Miles on government/tax payments

No rewards on

These categories earn zero rewards on this card. Reward score is scaled down by up to −5%, proportional to how much of the standard basket sits in the excluded categories (v4.3 formula).

FuelRentWallet loadsUtilitiesInsuranceEducationGovernment/tax paymentsTransportation & tollsCash advancesFees & reversalsExcluded MCCs

Welcome offer

₹10,000 Taj / ITC Hotels voucher + 2,500 EDGE Miles on joining and on every renewal (after fee payment)

What's inside

Experience

  • Golf privileges

    ₹4,000

    Complimentary golf rounds/lessons at select courses (subject to prevailing policy).

    yearly.

  • BookMyShow offers

    ₹3,000

    Movie ticket discounts and BOGO offers via BookMyShow (per prevailing offer).

    yearly.

Travel privileges

  • Unlimited domestic lounge access

    Unlimited complimentary domestic airport lounge visits for the primary cardholder.

    yearly.

  • Unlimited international lounge access (Priority Pass)

    Complimentary Priority Pass with unlimited international lounge visits for the primary cardholder.

    yearly.

  • Airport Meet & Greet service

    Complimentary airport Meet & Greet at select Indian airports.

    yearly.

  • Hotels.com stay benefit

    ₹8,000

    Complimentary Hotels.com stay benefit under the prevailing offer.

    yearly.

Earn every day

  • Dining & luxury hotel privileges

    Curated dining discounts and luxury hotel privileges via Axis partnerships.

    yearly.

Welcome benefits

  • ₹10,000 Taj / ITC Hotels voucher

    ₹10,000

    ₹10,000 Taj or ITC Hotels voucher on joining and on every renewal after fee payment.

    yearly.

  • 2,500 EDGE Miles on joining/renewal

    ₹2,500

    2,500 EDGE Miles credited on joining and every renewal (~₹2,500 catalogue value; more on partner transfers).

    yearly.

Concierge & support

  • Premium 24x7 concierge

    Dedicated concierge for travel, dining, luxury hotel and lifestyle assistance.

    yearly.

Small print

Fuel surcharge:1% fuel surcharge waiver on eligible fuel transactions (per prevailing Axis policy)