Olympus
Base Rate
4%
Forex Markup
1.8%
Joining Fee
₹20,000
Milestones
1
💳 Fee Structure
🧮 Reward Calculator
Monthly Spending Breakdown
Net Annual Value
+₹21,600
After ₹20,000 annual fee deduction
Base Rewards
₹21,600
Forex Net
+₹0
Milestones
₹20,000
Milestone Progress
₹10,000 hotel voucher (Taj/ITC) and 2,500 welcome EDGE Miles (worth ₹10,000) on payment of fee
Spend ₹0 annually
📝 Detailed Review
The CardVault Verdict
The Axis Bank Olympus Credit Card (successor to the Citi Prestige card) is a super-premium travel card that delivers a highly impressive 4% effective domestic reward rate and 8% international reward rate in terms of partner points. The card offsets its ₹20,000 annual fee with a ₹10,000 hotel voucher and 2,500 welcome miles. However, the lack of a spend-based fee waiver and recent partner removals (Accor, Marriott, Qatar) reduce its flexibility, making it best suited for dedicated airline mile collectors who travel frequently.
Who Should Apply?
Apply if you are a frequent traveler who spends at least ₹5L–10L annually on travel and international spends, and want to leverage the 1:4 miles conversion ratio. If you want a spend-based fee waiver or simple cashback, look at other cards.
Lounge Access
Unconditional Access
No minimum spend required to unlock lounge visits.
Visits / Year
999visits
Guest Visits
10guests
Supported Networks
Additional Notes
Unlimited domestic and international lounge access for primary and add-on cardholders. Includes 10 complimentary guest visits per year.
🔄 Transfer Partners
Singapore Airlines (KrisFlyer) [1:4]
airline
Air Canada (Aeroplan) [1:4]
airline
United Airlines (MileagePlus) [1:4]
airline
Etihad Guest [1:4]
airline
Turkish Airlines (Miles&Smiles) [1:4]
airline
Japan Airlines (JAL Mileage Bank) [1:4]
airline
Air India (Flying Returns) [1:4]
airline
IndiGo (BluChip) [1:4]
airline
Radisson Rewards [1:4]
hotel
ITC Hotels (Curated) [1:4]
hotel
⚖️ Pros & Cons
✓Pros
- •Excellent 4.0% effective domestic reward rate in partner points (1 EDGE Mile = 4 Partner points)
- •Outstanding 8.0% international reward rate (up to ₹2L monthly spend)
- •Unlimited domestic and international lounge access for primary and add-on members with 10 free guest visits per year
- •Low 1.8% forex markup fee — highly competitive
- •Taj/ITC hotel vouchers and welcome miles worth ₹20,000 completely offset the annual fee
- •Complimentary Taj Epicure membership included
- •BOGO movie and event offers on BookMyShow (up to ₹650 on movies, up to ₹1,000 on events)
✗Cons
- •No spend-based annual fee waiver — must pay ₹20,000 + GST every year
- •Reward point exclusions on rent, utilities, fuel, government, education, insurance, and transport
- •International 2X miles rate capped at ₹2L spend per month
- •Subject to recent Axis devaluations (removal of Marriott, Accor, Qatar in April 2026)
Historical Changes
Track record of card modifications
Sweeping Transfer Partner Cull
Removed Accor Live Limitless, Marriott Bonvoy, and Qatar Privilege Club from EDGE transfer partners. Slashed British Air…