Axis Bank Privilege Credit Card

The Axis Bank Privilege Credit Card aims to provide customers with special travel and shopping experiences. This card is free for priority banking customers for life and for others, it charges an annual joining fee of INR 1,500. As a welcome benefit, you can earn up to 12,500 EDGE Reward Points, which can be redeemed for multi-brand vouchers worth up to INR 5,000. With this card, you earn 10 EDGE Points for every INR 200 spent.

Additionally, you also enjoy special travel and dining benefits, including access to airport lounges and special discounts on dining. On card renewal, you also have the opportunity to earn a bonus of 3,000 EDGE Points every year. If your total annual spending is INR 2.5 lakh, your renewal fee is waived for the next year, and you can double the value of your earned EDGE Points by redeeming them against shopping and travel vouchers.

This list of benefits is not exhaustive. For detailed information about the benefits of the Axis Bank Privilege Credit Card, please refer to the information provided below.

• Joining Fee- Rs. 1,500 Nil (for priority banking customers)
• Renewal Fee- Rs. 1,500
  Nil (for priority banking customers)
• Best Suited For- Shopping
• Reward Type- Reward Points
• Welcome Benefits- 12,500 EDGE REWARD Points on payment of joining fee & 6,250 EDGE REWARD Points for priority banking customers.

Rewards and Benefits

• Movie & Dining- While dining at 4,000+ partnered restaurants, you can enjoy up to 20% discount.
• Rewards Rate- On every Rs. 200 spent using this credit card, you will get 10 EDGE Points.
• Reward Redemption- You can redeem the EDGE Points, for 1 EDGE Point = Rs. 0.20 against a variety of products and vouchers.
• Travel- Complimentary access to the domestic lounge every year.
• Golf- NA
• Domestic Lounge Access- 2 complimentary visits to the domestic lounges every quarter.
• International Lounge Access- NA
• Insurance Benefits– You get insurance coverage for air accidents, lost/delayed baggage, lost travel documents, and purchase protection.
• Zero Liability Protection- No liability in case of fraudulent transactions if loss or theft of the card is reported to the bank.

Fees & Charges

• Spend based Waiver- Waiver of renewal fee on the spending of Rs. 2.5 Lakhs in the anniversary year.
• Rewards Redemption Fee- Nil
• Foreign Currency Markup- 3.5% on all international transactions
• Interest Rates- 3.4% per month
• Fuel Surcharge- 1% waiver at all fuel stations on transactions between Rs. 400 and Rs. 4,000
• Cash Advance Charge- Rs. 500 or 2.5% of the amount withdrawn, higher of the two.
• Add-on Card Fee- Nil

Product Details

• You can earn up to 12,500 Edge Rewards as a welcome benefit.
• You get 10 EDGE Points on every Rs. 200 you spend.
• Up to a 20% discount on dining through the Axis Bank Dining Delights.
• Complimentary domestic lounge access every year.
• Double benefits on achieving the milestone spends.
• Spend-based renewal fee waiver.
• 3,000 bonus EDGE Points on card renewal.
• Insurance benefits across several categories.
• A 1% fuel surcharge waiver.

Axis Bank Privilege Credit Card Features and Benefits

The Axis Bank Privilege Credit Card is a basic card that offers decent rewards rate and other benefits across various categories including travel, dining, insurance, and many more. Refer to the following points to understand the card’s benefits in detail:

Welcome Benefits

• You get 12,500 EDGE Reward Points, which are redeemable against multi-brand vouchers worth Rs. 5,000.
• To be eligible for this welcome benefit, you have to make 3 transactions within the first 60 days after the card issuance.
• The priority banking customers get a welcome bonus of 6,250 Edge Rewards on making at least three transactions worth Rs. 200 within the first 90 days.

Milestone Benefits

On spending Rs. 2.5 lakhs in a year, you can convert your earned EDGE Reward Points into shopping/travel vouchers worth twice their value.

Travel Benefits

You get 2 complimentary visits to the domestic lounge per calendar quarter to selected domestic airport lounges.

Must Check: List of best domestic airport lounge access credit cards.

Dining Benefits

Get up to a 20% discount across more than 4000 partner restaurants through the Axis Bank Dining Delights.

Insurance Benefits

The Axis Bank Privilege Credit Card also offers several insurance benefits, which are mentioned below in the table:

Other Benefits

You can earn 3,000 EDGE Reward Points every year on the renewal of your Axis Bank Privilege Credit Card.

Joining and Renewal Fee Waiver

The renewal fee of this credit card can be waived if you are able to spend an amount exceeding Rs. 2.5 Lakhs in an anniversary year.

Fuel Surcharge Waiver

• You get a fuel surcharge waiver of 1% on transactions between Rs. 400 and Rs. 4,000 at all fuel stations in India.
• The maximum surcharge waiver is capped at Rs. 400 in a month.

Axis Bank Privilege Credit Card Rewards:

The Axis Bank Privilege Credit Card Rewards you in the form of Edge Rewards and the reward rate is as mentioned below:

• On every domestic/international spend of Rs. 200, you earn 10 EDGE REWARD Points.
• No reward points are earned on transactions done towards fuel.

Rewards Redemption

• You can redeem the EDGE REWARDS against a wide variety of products available in the Axis Bank EDGE REWARDS catalogue.
• 1 EDGE Reward Point = Rs. 0.20.

Axis Bank Privilege Credit Card Fees and Charges

The following are the details of the fees and charges that come along with this credit card –

• The joining and renewal fee of the Axis Bank Privilege Card has been placed Rs. 1,500 and this credit card is free for a lifetime for priority banking customers.
• You have to pay an interest rate of 3.4% per month on the overdue amount.
• 3.5% of the transacted amount is to be paid as forex fee.
• 2.5% of the amount withdrawn or Rs. 500, the higher of the two has to be paid as a cash advance fee.

Axis Bank Privilege Card Eligibility Criteria

You need to fulfill the requirements mentioned below in order to apply for this credit card:

• The applicant needs to be a resident of India.
• The primary applicant should be of the age between 18 years to 70 years, and the add-on cardholder should be a minimum of 18 years of age
• The annual income of the applicant should be more than or equal to Rs. 6 lakhs per annum.

Documentation

The documents that you need to apply for the Axis Bank Privilege Credit Card are listed below:

• Form 60 or copy of PAN Card.
• Latest salary slip or Income Tax Return as Income proof.
• For residential proof – Ration card / Passport / Driving Licence / Utility Bills.

How To Apply For Axis Bank Privilege Credit Card?

The Axis Bank Privilege Card can be applied both through online and offline modes. To apply online, follow a few steps as mentioned below:

• Visit https://www.axisbank.com/.
• Click on the option ‘Apply Credit Card.’
• Choose the ‘Axis Bank Privilege Credit Card.’
• Apply for the card by completing all the required formalities.

You can also apply for this credit card through offline mode by paying a visit to the nearest bank branch and filling out the physical application form and submitting the documents required.

Conclusion:

If you enjoy shopping and traveling, then the Axis Bank Privilege Credit Card is tailored for you. It offers comparable benefits to the HDFC Bank Diners Club Privilege Card, which comes with slightly higher annual fees and greater privileges. Upon returning to the Axis Bank Privilege Card, you receive a welcome gift of 12,500 EDGE Reward Points that can be redeemed for shopping or travel vouchers worth up to INR 5,000. Additionally, the travel and dining benefits provided by the card offer you exceptional experiences that you may be seeking. Not only do all these benefits make it an excellent choice, but you can also save significantly with this card, as it provides you with various savings opportunities, including fee waivers based on spending, fuel surcharge waivers, exciting reward offers, and more. With all these benefits across multiple categories, the Axis Bank Privilege Credit Card becomes a great option for anyone looking for a credit card with such conveniences.