Citibank PremierMiles Credit Card vs Axis Bank Atlas Credit CardCitibank PremierMiles Credit Card vs Axis Bank Atlas Credit Card

Citibank PremierMiles vs Axis Bank Atlas Credit Card

The PremierMiles Credit Card from Citibank is widely recognized as a top pick among sub-premium travel credit cards, appreciated for its popularity and appeal within its category. In a similar vein, Axis Bank has entered the scene with its recently launched Atlas Credit Card, targeting the same segment. Both cards operate on the concept of earning Reward Points in the form of Miles, which can be either transferred to partner airlines’ frequent flyer programs or utilized for travel expenses. The characteristics and advantages provided to cardholders are strikingly similar in both cases.

The Citibank PremierMiles Credit Card requires an annual membership fee of Rs. 3,000, whereas the recently launched Axis Bank Atlas Credit Card has a slightly higher annual membership fee of Rs. 5,000.

Features and Benefits of Citibank PremierMiles Credit Card and Axis Bank Atlas Credit Card

Citibank PremierMiles Credit Card:

  1. Earning Rewards:
    • Accumulate Reward Points as Citibank Miles.
    • Initial welcome gift of 10,000 Miles with a minimum Rs. 1,000 expenditure within 60 days.
  2. Spending Benefits:
    • Earn 4 Miles per Rs. 100 spent.
    • Accelerated 10 Miles per Rs. 100 on airline transactions through the bank’s Premier Miles redemption portal.
  3. Redemption Options:
    • Redeem Miles for partner airline AirMiles, travel portals, utility bills, retail spends, and more.
    • Conversion rates vary for different categories.
  4. Additional Perks:
    • 8 complimentary domestic lounge visits per quarter (Visa Signature variant).
    • 20% dining bill discount at select Citibank partner restaurants.
    • Insurance cover includes personal air accident (up to Rs. 1 crore) and lost card liability (Rs. 10 lakh).

Axis Bank Atlas Credit Card:

  1. Welcome Benefit:
    • Get 5,000 Miles valued at Rs. 5,000 upon completing three successful transactions within a span of 60 days.
  2. Reward Structure:
    • Get rewarded when you spend: For every Rs. 100 spent on travel, earn 5 Miles; for foreign transactions, get 2 Miles; and for all other categories, receive 1 Mile.
  3. Membership Tiers:
    • Three tiers: Silver, Gold, and Platinum based on annual expenditure.
    • Renewal benefits and other perks vary for each tier.
  4. Renewal Benefits:
    • The annual allocation of Edge Miles for membership tiers varies: 2,500 for Silver, 5,000 for Gold, and 10,000 for Platinum.
    • Milestone benefits depend on annual spending.
  5. Miles Redemption:
    • Axis Bank’s Travel Edge portal allows users to redeem their Edge Miles for both flight and hotel bookings.
    • Convert your Edge Miles to partner airlines at different rates.
  6. Lounge Access:
    • Access to airport lounges, both domestic and international, is provided as a complimentary perk depending on the tier of membership you hold.
  7. Dining Delights:
    • Avail up to 20% discount at over 4,000 partner restaurants with Axis Bank’s Dining Delights program.

Comparison between Citibank PremierMiles Credit Card and Axis Bank Atlas Credit Card

Citibank PremierMiles Credit Card:

  • Reward Rate:
    • 4 Miles per Rs. 100 on regular spends.
    • 10 Miles per Rs. 100 on airline transactions.
    • 5 Edge Miles per Rs. 100 on travel spends.
    • 2 Edge Miles per Rs. 100 on foreign currency transactions.
    • 1 Edge Mile per Rs. 100 on all other transactions.
  • Reward Redemption:
    • Miles redeemable for partner airline AirMiles, travel portals, utility, fuel, retail purchases, and other spends with varying rates.
    • In the mileage conversion system, different categories offer varying rates for earning miles. For partner airlines, every mile flown equals half an airmile. Travel-related spending earns 45 paisa per mile, while utility, fuel, and retail purchases yield 30 paisa per mile. Other categories provide 20 paisa per mile.
  • Welcome/Renewal Benefits:
    • Receive a complimentary gift of 10,000 Miles when you spend a minimum of Rs. 1,000 within 60 days.
    • 3,000 Miles every year upon card renewal.
  • Membership Tier:
    • No specified tier.
  • Milestone Benefits:
    • No specified milestone benefits.
  • Additional Benefits:
    • A personal air accident coverage valued at Rs. 1 crore and a lost card liability coverage of Rs. 10 lakh are included.
    • 8 complimentary domestic lounge accesses per quarter (Visa variant) or 6 accesses (MasterCard variant).
    • Up to 20% discount at partner restaurants.
  • Membership Fee:
    • Rs. 3,000 per annum.
  • Eligibility:
    • No explicitly specified income-based criteria.

Axis Bank Atlas Credit Card:

  • Reward Rate:
    • You can exchange your Edge Miles for hotel stays or flight bookings using the Axis Bank Travel Edge portal, where each Edge Mile holds a value equivalent to one Indian Rupee.
    • Edge Miles transferable to partner airlines’ frequent flyer programs.
  • Reward Redemption:
    • 1 Mile = Rs. 0.45 for travel-related categories (on travel portals).
    • Edge Miles can be exchanged for hotel stays or flight reservations, with each Edge Mile valued at one rupee.
    • Edge Miles transferable to partner airlines’ frequent flyer programs.
  • Welcome/Renewal Benefits:
    • Receive a complimentary welcome bonus of 5,000 Edge Miles valued at Rs. 5,000 upon completing three successful transactions within a span of 60 days.
  • Membership Tier:
    • Silver Tier membership by default.
    • Gold Tier on Rs. 7.5 lacs annual expenditure.
    • Platinum Tier on Rs. 15 lacs annual expenditure.
  • Milestone Benefits:
    • Earn 2,500, 5,000, and 10,000 Edge Miles respectively when spending Rs. 3 lakhs, Rs. 7.5 lakhs, and Rs. 15 lakhs annually.
  • Additional Benefits:
    • Receive coverage for personal air accidents up to the value of Rs 1 crore, alongside protection against lost card liabilities valued at Rs 10 lakh.
    • Lounge access based on tier: 18 domestic, 12 international for Platinum; 12 domestic, 6 international for Gold; 8 domestic, 4 international for Silver.
  • Membership Fee:
    • Rs. 5,000 per annum.
  • Eligibility:
    • No specified income-based criteria.

Which credit card suits you best?

  1. Citibank PremierMiles Credit Card:
    1. Target Audience: Primarily designed for domestic travelers.
    2. Redemption Options: Miles earned have versatile redemption choices, including partner airlines’ AirMiles and travel portals like MakeMyTrip and Yatra.
    3. Diversified Usage: Citibank Miles offer flexibility, allowing users to book movie tickets and shop at renowned retail chains like Shoppers Stop and Westside.
    4. Lounge Access: Domestic airport lounge access is provided, but there’s no complimentary access to international airport lounges.

    Axis Bank Atlas Credit Card:

    1. Target Audience: Suitable for both domestic and international frequent flyers.
    2. Reward Rate: Offers an attractive reward rate of up to 5% on travel spends.
    3. Redemption Options: Miles earned on the Atlas Credit Card are redeemable for flight and hotel bookings via the Travel Edge portal. They are also transferable to frequent flyer programs of partner airlines like Air Vistara and international carriers such as Air Asia, Ethiopian Airlines, and Turkish Airlines.
    4. Access to airport lounges is available based on your membership tier, offering up to 18 opportunities for domestic lounges and 12 for international lounges.

    Comparison and Recommendation:

    • Citibank PremierMiles is recommended for domestic travelers due to its versatile redemption choices.
    • Axis Bank Atlas Credit Card is tailored for frequent international flyers, offering appealing reward rates and comprehensive lounge access.
    • Decide wisely: Assess your travel requirements and personal preferences before making a choice.

Frequently Asked Questions (FAQs)

  1. What are the yearly charges for the Citibank PremierMiles Credit Card and the Axis Bank Atlas Credit Card?
  • The Citibank PremierMiles Credit Card charges an annual fee of Rs. 3,000 plus GST, while the Axis Bank Atlas Credit Card carries an annual fee of Rs. 5,000.
  1. What are the distinctions in the welcome perks offered by each of the two cards?
  • Upon spending a minimum of Rs. 1,000 within 60 days, the Citibank PremierMiles offers 10,000 Miles as a welcome gift. On the other hand, the Axis Bank Atlas Credit Card provides 5,000 Miles worth Rs. 5,000 for three successful transactions within the same period.
  1. What are the key earning structures for rewards on both cards?
  • For the Citibank PremierMiles, you earn 4 Miles per Rs. 100 spent and 10 Miles per Rs. 100 on airline transactions. With the Axis Bank For every Rs. 100 spent on travel, you’ll accumulate 5 Miles with Atlas. Foreign transactions will earn you 2 Miles for every Rs. 100 spent, while all other categories will net you 1 Mile per Rs. 100 spent.
  1. How do the redemption options differ between the two cards?
  • Citibank PremierMiles allows Miles redemption for various options such as AirMiles, travel portals, utility bills, and retail spends. Conversely, the Axis Bank Atlas Credit Card enables Edge Miles redemption for flight and hotel bookings on the Travel Edge portal and transfer to partner airlines with specific conversion rates.
  1. What lounge access benefits are offered by both cards?
  • With the Citibank PremierMiles, you get 8 complimentary domestic lounge visits per quarter with the Visa Signature variant, while the Axis Bank Atlas provides free access to domestic and international airport lounges, depending on the level of membership (Silver, Gold, or Platinum).
  1. How do the annual renewal benefits differ between the two cards?
  • Upon renewal, Citibank PremierMiles offers 3,000 Miles as an annual benefit, whereas Axis Bank Atlas provides tier-specific Edge Miles (2,500, 5,000, or 10,000) based on the cardholder’s tier (Silver, Gold, or Platinum).
  1. What dining benefits are associated with both credit cards?
  • Citibank PremierMiles offers up to a 20% discount on dining bills at select partner restaurants, while Axis Bank Atlas provides a dining discount of up to 20% at over 4,000 partner restaurants through the Dining Delights program.
  1. How do the insurance covers differ between the two credit cards?
  • Citibank PremierMiles includes personal air accident cover up to Rs. 1 crore and lost card liability cover worth Rs. 10 lakh, whereas Axis Bank Atlas does not specify specific insurance covers.
  1. What advantages does the Axis Bank Atlas Credit Card provide in its tiered benefit system?
  • The Axis Bank Atlas Credit Card offers Silver, Gold, and Platinum tiers based on annual expenditure, each providing different renewal benefits, milestone benefits, and lounge access.
  1. Is it possible to transfer reward points or miles to partner airlines using either credit card?
  • Yes, both cards allow the transfer of reward points or miles to partner airlines, although the conversion rates and partner airlines may differ. It’s advisable to review the specific details for accurate information.

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