Originally Posted by Keyser

So apparently Axis is about to launch a ultra luxury card called Primus. Today I was offered an invitation to get the card.

The joining fee is INR 5 Lakh, which they are saying they will waive for me, but there is an annual fee of INR 3 Lakh which may or may not be waived every year. They were a little vague on that front.

Earning rate seems to be pretty good. INR 100 = 1 EM = 5 partner points.

Transfer partners are the same as Magnus but I wasn't given a clear answer on whether there will be any transfer limits. The bank representative pitching the card to me initially said there are no limits but when I told him that both the Magnus & Olympus had them so he should double check, he seemed a little unsure & said he would get back to me.

There would also be a welcome bonus of 25K EMs & quarterly milestones on reaching spends of INR 20 Lakh (15K EMs), INR 30 Lakh (25K EMs) & INR 50 Lakh (35K EMs).

One of the biggest advantage of the card for me was that there will be no foreign transaction fee.

Other benefits that give it an edge over Magnus & Olympus are unlimited domestic airport meet & greet, unlimited domestic airport transfers, increased 3rd night free hotel benefits, free companion ticket if purchased in business or first class, discounts on airfare & a few others I can't recall now.

The card seems pretty good however the INR 3 Lakh annual charge is definitely on the higher side. If they waive that then I'll get it for sure. If not then I'm sitting on the fence on whether I can get enough benefit on this card when compared to Magnus/Olympus to justify that fee.