Travel on Points

Axis Bank Privilege Credit Card

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  • Joining fee

    ₹1,500 + GST

  • Annual fee

    ₹1,500 + GST

  • Best suited for

    Travel, Shopping

  • Reward type

    Reward Points

Rewards

  • Rewards rate

    10 EDGE Reward Points/₹200 Spent (Reward Rate of 1%)

  • Welcome benefits

    12,500 EDGE Reward Points Worth ₹2,500

  • Reward redemption

    Redeem EDGE Points at 1 EDGE Point = ₹0.20 Against a Variety of Products and Vouchers

Benefits

  • Movie & dining

    Buy One Get One on Movie Ticket Bookings via District by Zomato

  • Domestic lounge

    2 Free Visits Each Quarter on Spends of ₹50,000 or More in the Previous Three Months

  • Insurance

    Purchase Protection Up to ₹1 Lakh and Travel Insurance

Fees & charges

  • Spend-based waiver

    Waiver of Renewal Fee on Spends of ₹5 Lakh or More

  • Rewards redemption fee

    Nil

  • Foreign currency markup

    3.5% + GST

  • Interest rates

    3.75% Per Month (55.55% Per Annum)

  • Fuel surcharge waiver

    1% Waiver for Fuel Transactions Between ₹400 and ₹4,000. Maximum Waiver of ₹400 Each Statement Cycle

  • Cash advance charges

    ₹500 or 2.5% of the Amount Withdrawn (Whichever is Higher)

Product highlights

  • You can earn up to 12,500 Edge Rewards as a welcome benefit.
  • You get 10 EDGE Points on every ₹200 you spend.
  • Complimentary domestic lounge access every year.
  • Spend-based renewal fee waiver.
  • Insurance benefits are available across several categories.
  • A 1% fuel surcharge waiver.

Pros & cons

Pros

  • Those who choose the fee variant will need to pay a fee of ₹1,500 but will receive welcome benefits valued at ₹2,500, greatly benefiting the user and offsetting the charges.

Cons

  • This card does not offer any international lounge access.

FAQs

What are the milestone benefits provided by the Axis Bank Privilege Credit Card?

On spending Rs. 2.5 lakhs or more using your Axis Bank Privilege Credit Card, you can earn 10,000 EDGE Reward Points worth Rs. 2,000.

Does this card provide any complimentary airport lounge access?

Yes, the Axis Bank Privilege Credit Card provides you with 2 complimentary domestic lounge access every quarter (8 per year). You would need to spend Rs. 50,000 in the previous three months to be eligible for free airport lounge visits.

What is the joining fee for the Axis Bank Privilege Credit Card?

The joining fee of the Axis Bank Privilege Credit Card is Rs. 1,500.

What should be my net annual income to apply for this card?

To apply for an Axis Bank Privilege Credit Card, your net annual income should be Rs. 6 lakhs or more.

What is the value of 1 EDGE Reward Point?

1 EDGE Reward Point = Rs. 0.20, i.e., 5 EDGE Points = Re. 1.