Atlas Credit Card Review – Pros, Cons, and User Insights
After reading this Atlas credit card review, you will discover the pros, cons, and notable features of this Atlas credit card. This promises to be an ideal choice for a variety of users’ needs. Whether you’re looking for high rewards, competitive interest rates, or fraud protection, the Atlas Card will help you make informed decisions. The Atlas Card has it all. This article will give you the most useful information about this card.
Atlas credit card reviews – Is it worth it?
The first thing to think about when entering the job market is choosing the right credit card, which is extremely important for any individual or business. So here we can say that the Atlas Credit Card is a potential and attractive card for users. It is user-friendly and comes with a lot of rewards if anyone is interested. However, before owning this card, it is indispensable to learn about it first. You must determine whether this Atlas credit card is useful for your current situation or not. Therefore, this Atlas credit card review was born to comprehensively evaluate this Atlas card in terms of rewards, features and how it works.
Key features that set Atlas Credit Card apart
Every credit card is different, and so is the Atlas from Axis Bank. It is a combination of attractive features to cater to a wide range of people.
- Easy approval: This is something to consider with the Atlas credit card, which is an accessible option for those with a varied credit history. For those looking to re-establish their credit, this is a definite plus.
- Mobile version: Axis Bank created the mobile version of Atlas credit card and delivers convenient features for users, including easy account management, real-time transaction tracking, recurring bill payments and due date notifications, etc.
- Flexible credit limit: The credit limit is user-friendly as it can be adjusted based on the cardholder’s financial case and payment history.. It ensures that users have access to essential credit while promoting responsible spending.
- Comprehensive fraud protection: The Atlas Credit Card comes with fraud protection features that benefit the users. They will be alerted about any suspicious activity occurring in the account and unauthorized transactions will be resolved promptly to ensure the safety of the account.
Rewards and benefits of the Atlas Credit Card
Reward
“Edge Miles” is a different point for other Axis credit cards instead of “Edge Rewards”. This mileage balance is maintained independently within the Axis Edge Rewards account and remains unlinked to any other product at this time.
- Note: 1 EDGE Mile is equal to Rs 1/-
- Reward rate: 4% to 18%
| Spend type | Edge miles | Notes |
| Normal transactions | 2 EDGE Miles per Rs. 100 spent | Except Fuel Surcharge Waiver Transactions, wallet, gold, jewelery, rent, insurance, govt. institutions, utilities and fuel. |
Travel transactions (airlines, hotels, Travel EDGE Portal) | 5 EDGE Miles per Rs 100 spend |
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Benefit
Axis Atlas credit card delivers benefits for users to cultivate loyalty, and also brings value to customers when using this card. These benefits include:
| Welcome benefit | The bank will give you 2500 EdgeMiles as a welcome gift when you make your first transaction using your Atlas credit card within 37 days of card issuance. |
| Tiered benefits | You can upgrade your membership tier through spending and unlock new benefits. In the anniversary year, when you reach Rs 7.5L (750,000 Rupees ~ $8,633) in transactions, Gold status will no longer be far away for you and when you spend more than Rs 15L (1,500,000 Rupees ~ $17,266), Platinum status will be yours. |
| Annual benefits | This will be a special gift for the cardholder upon completion of 1 year of card usage. The gift will be received after successful payment of the annual fee of 5,000 Rupees ~ $57.54 + GST (Goods and Services Tax). The bonus points will be up to 5,000 if the cardholder is a Platinum member. *The above-mentioned EDGE Miles shall reflect in the cardholder’s miles account within 30 days from the card annual fee payment date. |
| Milestone benefits | Up to 10,000 EdgeMiles points will be awarded if the cardholder reaches the specified spending milestone. Including:
*The above-mentioned EDGE Miles shall reflect in the cardholder’s EDGE Miles account within 30 days from the date when spends were achieved. *EDGE Miles credited cannot be en-cashed. |
Mileage conversion program
In this Atlas credit card review, it can be stated that cardholders can convert their accumulated EDGE Miles to domestic and international loyalty program partners across airlines and hotels. For a list of partners, please visit Axis Bank Mileage Conversion Program – Mileage Conversion Program.
- 1 EDGE Mile = 2 Partner Points*
*Applicable to all partners except Marriott, where 2 EDGE Miles = 1 Marriott Bonvoy Point
We can say that the total number of EDGE Miles that can be converted into Partner Points in a calendar year has been capped at 1,50,000 EDGE Miles per customer ID. Going into 2024, cardholders will only be able to convert 1,50,000 EDGE Miles from 20th April 2024 to 31st December 2024. We inform users that from next year onwards, the cap will be applicable from 1st January 2025 to 31st December 2025.
All existing Miles conversion partners are divided into two groups (Group A and Group B). For redemption through the Mileage Transfer Program, customers will be able to transfer a maximum of 30,000 EDGE Miles per customer ID accumulated to partners in Group A and a maximum of 1,20,000 EDGE Miles per customer ID accumulated to partners in Group B in a calendar year.
For the current calendar year, this limit will be applicable from 20 April 2024 to 31 December 2024. From the next calendar year onwards, the limit will be applicable from 1 January 2025 to 31 December 2025.
Detailed list of airline and hotel loyalty partners with Axis Bank
| Group A | Group B |
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Steps to convert your EDGE Miles
- Login to TRAVEL EDGE (Travel Edge) and click on Points/Miles Transfer
- Select an airline/hotel partner
- For first-time users, select ‘Link Member’ to link your membership ID for points/miles transfer. For other cases, select ‘Points/Miles Transfer’
- An OTP will be sent on your mobile number for verification, initiating the process of transfer.
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Fees and interest rates – What you need to know
In this Atlas credit card review’s section, we would like to show you all the fees and charges that you need to know before getting this Atlas credit card:
| Standard joining fee | Rs 5000 |
| Standard annual fee (2nd year onwards) | Rs 5000 |
| Finance charges (Retail purchases & Cash) | 3.75% per month (55.55% per annum) |
| Cash withdrawal fees | 2.5% (Min. Rs 500) of the Cash Amount |
| Card replacement | Nil |
| Fee for cash payment | Rs. 175 |
| Duplicate statement fee | Waived |
| Overdue penalty or late payment fee | No charge for payments below Rs. 500. |
| A fee of Rs. 500 applies to payments from Rs. 501 to Rs. 5,000. | |
| A fee of Rs. 750 applies to payments from Rs. 5,001 to Rs. 10,000. | |
| A fee of Rs. 1,200 applies to payments exceeding Rs. 10,000. | |
| Missing the Minimum Amount Due (MAD) for two consecutive billing cycles will result in a Rs. 100 late payment fee. This fee will continue to be applied each month until the MAD is cleared. | |
| Fuel transaction surcharge | 1% of transaction amount (Refunded for fuel transactions Between Rs. 400 to Rs. 4,000. Maximum benefits up to Rs. 400 per Statement Cycle) It is noted that the fuel surcharge is not levied by the card issuing bank. However, for certain fuel transactions, a charge of INR 10 plus applicable GST may be applied in lieu of the standard 1% plus GST. |
| Foreign currency transaction fee | 3.50% of the transaction value |
| Reward redemption fee | A fee of Rs. 99 is applicable to each redemption transaction of EDGE REWARD points or EDGE Miles conducted via the EDGE portal. A fee of Rs. 199 will be levied for each conversion or transfer of EDGE REWARD points or EDGE Miles to partner loyalty programs. |
How does Atlas Credit Card compare to other options?
The Atlas Credit Card offers notable advantages, including a diverse rewards program, especially beneficial for transactions with merchant partners. However, users may weigh its annual fee against other cards with lower fees that cater to a broader audience. Therefore, considering different factors such as interest rates and credit limits is essential to protect and maintain your finances. In this Atlas credit card review, we will figure it out.
Comparison with other credit-building cards
Comparing the Atlas to other credit building cards in this Atlas credit card review is essential to determine where the user’s needs lie and determine its relative value. Now let’s compare it to the following three cards:
Atlas vs. Discover it® Secured:
When looking for personal credit building solutions or rebuilding a low credit score, the Discover it® Secured credit card is a popular choice. Meanwhile, the Atlas card offers a higher cash back rate for essential everyday purchases. However, the Discover it® Secured card has no annual fee and no security deposit requirement, while the Atlas card does not.
Atlas Credit Card vs. Capital One® Platinum Credit Card:
It’s safe to say that the Capital One® Platinum credit card could be an alternative for those with poor or questionable credit. One thing worth mentioning here is that this card doesn’t have an annual fee like the Atlas card. Well, it doesn’t have a rewards program like the Atlas, making the Atlas a better choice for users who value cash back.
Atlas Credit Card vs. Citi® Secured Mastercard®:
The Citi® Secured Mastercard® is designed for users with a poor or no credit history. Well, the catch here is that this card requires a deposit from the applicant and does not offer a rewards program for users. The Atlas credit card, on the other hand, offers customized rewards and a higher cash back rate, making this card a great value and a boon for cardholders.
Who should apply for the Atlas Credit Card?
Don’t worry about whether this Atlas card is right for you, because in this Atlas credit card review we guarantee that this card can really handle a variety of different needs of users:
- Travel frequently (and stay at Hyatt hotels frequently): If you’re a travel enthusiast, especially the free night award at Hyatt hotels 1-4 each year is a perk that can surprise you. Besides, if you stay at Hyatt hotels frequently, this benefit can replace your annual fee.
- Want to earn travel rewards: With points earned on purchases and redeemable for Hyatt stays, this is a great option for you.
- High spending: Cardholders with high spending levels can access the card’s tiered rewards and benefits system whether it’s for personal or large business spending. It’s guaranteed that the more you spend, the more rewards you earn.
Further reading:
Pros and cons of the Atlas Credit Card
The Atlas credit card is a card that is designed to deliver valuable rewards points that can be redeemed for rewards and exclusive benefits, and is especially suitable and ideal for travelers and those with unconstrained spending habits. In this Atlas credit card review, we will learn that Atlas is notable for its rewarding rewards program that enhances the user experience. However, it should be noted that this card still has its pros and cons like any other card.
Advantages of using the Atlas Credit Card
You can consider of:
- Valuable rewards: You will receive generous rewards from the Atlas mechanism on every purchase, with increasing points for your travel-related expenses.
- Travel benefits: You’ll definitely have access to airport lounges, travel insurance and no foreign transaction fees, making it ideal for those who love to travel.
- Dining discounts: Please to receive exclusive discounts at partner restaurants, enhancing your dining and card-using experience
- Tiered benefits: The Atlas card program offers higher rewards and benefits as you reach spending milestones. This is especially evident in the higher spenders.
- Credit building: The Atlas card also helps you improve your credit score through responsible and prudent use. Be smart when deciding to transact as it can make this a good choice for credit building.
- User-friendly platform: The interface and the card comes with a pretty intuitive online platform that allows users to manage their finances with ease. This includes features like transaction tracking, rewards management, and easy payment options.
Drawbacks to consider
When considering the Atlas Credit Card, you should know that there are a few potential downsides to consider compared to its benefits:
- Annual fee: The annual fee is a mandatory requirement for using the Atlas card, so consider this expense if you don’t plan to use its benefits regularly to offset the cost.
- Credit score requirements: If your credit isn’t strong, the Atlas Credit Card may not be the best choice, as it typically requires a good to excellent credit score for approval despite its high acceptance rates.
- High Forex markup fee: If you are a shopaholic and have overseas transactions and spending, then we can say that the high Forex Markup Fee of 3.5% can be costly for international transactions.
- Limitation on rewards points: One limitation of the Atlas Credit Card is that reward points cannot be redeemed for cash back, reducing flexibility in how you use them.
- Monthly fees: We can only tell you that the monthly fees of the Atlas card will be annoying as they increase over time, which affects your benefits and affordability.
- Limited cash withdrawal options: One downside that you need to consider is that the card has restrictions on cash withdrawals from your checking account.
- No insurance benefits: We regret that unlike some other credit cards, the Atlas credit card does not come with some insurance benefits such as purchase protection or extended warranties.
FAQ
Is Atlas a legit credit card?
After reviewing the Atlas credit card, we confirm that Axis Bank legitimately created this travel and heavy-spending card. You should know that Axis Bank is a leading and reputed private sector bank in India. Atlas card meets high-spending users’ needs by offering irresistible rewards and benefits, making it ideal for frequent travelers and big spenders. Issued officially by Axis Bank, it ensures users can rely on the bank’s prestige and trustworthiness. However, customers need to consider and read carefully the terms and conditions of using the card and find out whether this card is suitable for them or not.
What credit score is needed for an Atlas credit card?
You should note that while Axis Bank does not publish a specific minimum credit score requirement. The Atlas Credit Card primarily targets individuals with good to excellent credit scores. A score of 700 or higher is typically a strong starting point for qualification. However, it is important to understand that your credit score is just one of the many factors that Axis Bank considers when reviewing your application. Other important factors that they consider include your income level. Also employment history, length of credit history, debt-to-income ratio, and your overall financial profile. Even with a good credit score, approval is not guaranteed, as Axis Bank conducts a comprehensive assessment of your creditworthiness.
What is Atlas credit limit?
The credit limit of the Atlas card may vary based on the applicant’s financial profile and creditworthiness. Axis Bank assesses factors such as monthly income, credit history, transaction patterns. And overall financial health to determine an appropriate limit. Axis Bank makes this suitable and secure for cardholders with a good credit limit and responsible spending ability. If the cardholder is able to use the card responsibly. And maintain a good payment history, they will still be eligible for a credit limit increase over time.
Is the Axis Atlas card good?
Atlas credit card is an ideal choice for frequent travelers and those who spend on dining. It offers generous rewards and incentives for travel-related spending. Users also get airport lounge access, travel insurance, and other perks.
However, this card is not suitable for everyone. It has a high annual fee compared to the market average. Users should also consider the exchange rate markup fee. The tiered benefits structure can be complex to navigate.
Overall, this card benefits those who can optimize spending and maximize rewards. This will be a useful tool for such individuals in the future.
