Synopsis: The Axis Olympus Credit Card is a super-premium lifestyle and travel credit card that offers ₹10,000 Taj Hotel vouchers as a welcome benefit. Additionally, there is unlimited domestic and international lounge access, milestone rewards, golf privileges, and comprehensive insurance coverage. Read below to learn more about this underrated travel card.
The Axis Olympus Credit Card is a top-tier credit card for high-income individuals and travelers who want premium travel perks and luxury hotel benefits. Oftentimes entry-level or mid-tier cards focus more rewards but with Olympus card users get travel experiences, lifestyle privileges, and exclusive benefits that are valued most by regular fliers and luxury consumers. This article breaks down all the key features, fees, benefits, and redemption processes which potential applicants must know.
Axis Olympus Credit Card
- Joining Fee: ₹20,000 + taxes
- Annual Fee: ₹20,000 + taxes
- Card Type: Super Premium Credit Card
- Rewards Currency: EDGE Reward Points
- Best Suited For: High Net Worth individuals (HNI) and luxury travellers
The annual fee and joining is already on the higher side of spending and it signals that this card is catered towards premium customers. However, the ₹10 lakh spend based fee waiver makes it practical for individuals who may already have high annual expenses.
Important Fees and Charges
- Interest Rate (APR): 42.58% Per Annum
- Late Payment Charges: ₹100 if payment due is greater than ₹2000
- Cash Withdrawal Fee: 2% of cash amount (Minimum ₹300)
- Foreign Currency Markup: 1.8% of Transaction Amount
- Over-limit Fees: 2.5% of Over limit Amount (Min ₹500)
Welcome & Annual Benefits
One of the biggest draws of the Olympus Credit Card is its welcome and annual benefits which kick in when the card is activated and maintained.
- Taj/ITC Hotel Vouchers worth ₹10,000
- These are offered as both welcome and annual benefits if eligibility conditions are met.
- Cardholders must make their first transaction within 30 days of issuance to qualify for the welcome voucher.
- Vouchers are delivered via SMS/email with redemption instructions and can be redeemed at participating Taj Group or ITC Hotels properties.
- Voucher validity is 365 days from issuance.
- These vouchers can be used toward hotel stays, dining, spa services, and other valid charges at the participating properties.
- This voucher benefit helps offset a significant portion of the card’s annual cost if used annually.
How to Get the ₹10,000 Taj Hotel Vouchers?
One of the biggest draws of the Olympus Credit Card is its welcome and annual benefits which kick in when the card is activated and maintained. The benefit is availed on making the first transaction within 30 days of issuance. As an annual benefit the same condition will be applied – the benefit would be provided after paying the annual fee on the anniversary year. Here is what you will get:
EDGE Miles 2,500 Benefit
In addition to hotel vouchers the card also includes 2,500 EDGE Miles as both a welcome and an annual benefit for active primary cardholders.
- Welcome EDGE Miles is credited when you make your first transaction within the 30 days of card issuance
- Annual EDGE Miles: Credited upon card renewal if the primary card remains active
Also read: Regalia Gold vs SBI Prime: Which Premium Credit Card Actually Gives Better Rewards in 2026?
Reward Structure
- 1 EDGE Mile for every ₹100 spent on domestic transactions
- 2 EDGE Miles for each ₹100 spent on international purchases
Note: Some merchant categories are excluded from reward earning like transportation and tolls more. Thus it is important to plan and spend across categories that earn miles.
Redemption Ways
- Travel Booking: Miles can be used to book flights, hotels, and other travel services through the Axis Travel Edge portal or other partnered platforms.
- Partner Miles Conversion: EDGE Miles can be converted to partner airline or hotel loyalty programs at standard conversion ratios ( 1 EDGE Mile = 4 partner points/miles).
- EDGE Miles can also be redeemed for gift vouchers, products, and retail catalogues offered by Axis Bank’s rewards portal. Minimum EDGE Mile to is 500 for almost all redemption options.
Complimentary Airport Lounge Access
- Unlimited domestic airport lounge access to primary and add on card holders
- Complimentary priority pass to primary cardholder and the add on members
All primary cardholders as well as add-on cardholders of Axis Bank Olympus Credit Card get a complimentary Priority Pass membership.
Complimentary Golf Rounds
- 8 complimentary golf rounds at domestic golf clubs each year along with 1 guest
- Additional rounds can be earned based on spend (1 extra round per ₹50,000 spend)
Who Should Apply?
- Individuals with high annual spends
- Regular domestic travellers
- Luxury hotel guests and business travellers
- People who regularly use airport lounges
- Those who want lifestyle perks like golf and concierge services
The Axis Olympus Credit Card is one of the gems in the super-premium credit card segment in India. This card offers excellent value especially for regular travellers and luxury spenders.
However, it’s important to note that there is no official annual fee waiver based on spend and the annual fee is charged every year. Therefore, this card is best for users who expect to actively utilize the travel benefits and redeem rewards regularly to offset its fees.
Frequently Asked Questions (FAQs)
No. There is no official update on any spend based waiver condition. The annual fee is charged each year.
You must make your first transaction within 30 days of card issuance to qualify for the welcome benefit.
1 Mile per ₹100 spent domestically and 2 Miles per ₹100 spent internationally with some categories excluded.
Yes. EDGE Miles can be converted to partner miles/points at standard ratios.
