Ever since the launch of premium and rewarding business credit cards like HDFC BizBlack and BizPower, business cards have become highly profitable and increasingly popular, both among credit card issuers and the public. Joining this growing segment, Axis Bank has now introduced two new additions to its business credit card portfolio: the Business Supreme Visa and the Business Supreme Mastercard. While the names may sound similar, the two cards differ significantly, from their design to the range of benefits they offer.
Reward Rate
While many details of both cards are still awaited, the reward rates of both have been announced.
| Rewards | Business Supreme Visa | Business Supreme Mastercard |
| Business Spends | 4 RPs/₹200 for Direct Marketing, Travel & Tour Operators, Lodging Hotels, Motels, and Domestic Airlines. | 6 RPs/₹200 for Direct Marketing and Advertising Spends |
| Domestic Spends | 1 RP/₹200 on All Eligible Domestic Spends | 4 RPs/₹200 on All Domestic Spends Except Fuel, EMIs, and Wallet Loads |
| International Spends | 3 RPs/₹200 Spent | 8 RPs/₹200 Spent |
| Milestone Rewards | N/A | 10,000 RPs on Transactions Above ₹5 Lakh and 5,000 RPs on Annual Spends of 8 Lakh or Above |
Free Airport Lounge Access
Axis Business Supreme Mastercard Credfit Card offers four complimentary airport lounge access each quarter at select lounges.
There is no lounge access offered with the Axis Business Supreme Visa Credit Card.
Fee Structure
| Features | Business Supreme Visa | Business Supreme Mastercard |
| Joining Fee | Nil | ₹1,500 + GST |
| Annual Fee | Nil | ₹1,500 + GST |
| Reward Redemption Fee | Nil | Nil |
| Finance Charges | 3.6% | |
| Forex Charges | 3.5% | |
How to Apply for New Axis Business Supreme Credit Cards?
Those interested in the new Axis Business Supreme Credit Cards can apply for them by either visiting the nearest Axis branch or even online at the official Axis website.
Bottom Line
There was some initial buzz around the potential launch of the Axis MyBiz Credit Card, which now appears to have materialized as the Axis Business Supreme Mastercard Credit Card. These newly launched cards from Axis Bank are particularly useful for businessmen and sole proprietors, helping them manage their finances more efficiently while earning rewards on business spending and enjoying perks such as complimentary airport lounge access.
While both cards mark Axis Bank’s entry into the rapidly expanding business credit card segment, they don’t quite match up to the HDFC Business Credit Cards range, which offers a more comprehensive suite of benefits. That said, for those who already have a banking relationship with Axis Bank or are specifically looking for a lifetime free business credit card, the Axis Business Supreme Visa Credit Card is a suitable option.
On the other hand, those comfortable with a nominal annual fee of ₹1,500 can consider the Axis Business Supreme Mastercard Credit Card, which offers more rewarding features.
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