Axis bank Privilege Credit Card - Features, Benefits, Fees & Charges

Axis Bank Privilege Credit Card (4)

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Imagine earning rewards effortlessly, without any complicated restrictions. With a rewards rate of as high as 5%, the Axis Bank Privilege Credit Card knows how to keep you happily rewarded. By paying just a joining and annual fee of ₹1,500, you get 12,500 EDGE Reward Points worth ₹5,000! Not only does it offer you a decent reward rate, but also other perks, such as free airport lounge access, discounts on dining, insurance coverage, and much more. The best part? All rewards earned can be redeemed for multi-brand vouchers from major brands like Louis Philippe, Puma, Raymond, etc. Keep reading to learn about the other privileges this card provides. 👇

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Welcome Bonus
  • 12,500 EDGE Reward Points upon card issuance, redeemable for multi-brand vouchers worth ₹5,000. ( T&C: Make 3 transactions of minimum ₹200 within the first 60 days to earn these points.)
  • Priority banking customers can earn an additional welcome bonus of 6,250 Edge.
Lounge Access

2 complimentary lounge visits per calendar quarter to select domestic airport lounges.

Milestone Benefit
  • 2X rewards boost on EDGE Reward Points.
  • EDGE Reward Points can be converted into shopping/travel vouchers worth double their value by spending ₹2.5 lakhs in a year.
Insurance Benefit

Receive comprehensive insurance coverage with this card, including:

  • Accidental air death coverage of ₹2.5 crores.
  • Purchase protection coverage of ₹1 lakh.
  • Loss of travel documents coverage of up to US $300.
  • Lost/delayed baggage coverage of up to US $500.
  • Credit Shield coverage of ₹1 lakh.
Fuel Surcharge

Fuel surcharge waiver of 1% on transactions between ₹400 and ₹4,000 at all fuel stations in India, with a monthly maximum waiver of ₹400.
Note-  Service tax charged on fuel surcharge is non-refundable. No reward points are earned on fuel transactions.

Reward Points
  • 3,000 EDGE Reward Points every year upon card renewal.
  • Reward Rate: up to 5%
Dining Benefit

Get the best of dining experiences with ₹1000 off & more via Axis Bank Dining Delights Program with EazyDiner.

Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹ 1500

Annual Fee

₹ 1500

Annual Percentage Rate

52.86%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

2.50%

Cash Advance Limit

NA

Card Replacement Fee

Nil

Foreign Transaction Fee

3.50%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

1%

Reward Point Value

₹0.20
Late Payment Charges

Balance below ₹500

₹ 0

Balance from ₹501 to ₹5000

₹ 500

Balance from ₹5001 to ₹10000

₹ 750

Balance more than ₹10000

₹ 1200
Pros

Aspects that make this credit card amazing.

  1. Welcome bonus of 12,500 EDGE reward points.
  2. The card offers a 1% Fuel surcharge waiver.
  3. It comes with 24/7 concierge service.
  4. It offers a wide range of insurance cover.
  5. Offers 10 EDGE points on every spent of ₹200.
Cons

Aspects this credit card lacks.

  1. No reward points on Fuel & Insurance Transactions.
  2. Gold and Jewellery linked transaction is not permitted for EMI conversion.
  3. No free Golf lessons.
  4. Cardholders need to meet a minimum spending requirement to earn cashback.
Axis Bank Privilege Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(3)

Rewards

(3.5)

Customer Service

(3.5)

Axis Bank Privilege Credit Card Review

Experience premium benefits and services with the Axis Bank Privilege Credit Card. Receive a welcome bonus of up to 12,500 EDGE Rewards points, redeemable against shopping and travel vouchers, accelerated rewards, lounge access, insurance coverage, dining discounts, and more. However, it's essential to note that it comes with an annual & joining fee, which may not be ideal for everyone. While the option to convert purchases into manageable EMIs and a fuel surcharge waiver provides flexibility, it's crucial to review the terms and conditions to ensure that the card aligns with one's financial goals.
Cards similar to Axis Bank Privilege Credit Card:
1. SBI PRIME Credit Card
2. Axis Bank Rewards Credit Card
3. American Express SmartEarn Credit Card

Overview

Key Features of Axis Bank Privilege Credit Card

Best Suited Shopping & Lounge Access
Rewards Earn 10 EDGE Points on every spent ₹ 20
Welcome Bonus Members who pay their joining fees will receive 12,500 EDGE Reward Points, and priority banking customers will receive 6,250 EDGE Reward Points.
Joining Fee ₹1,500 (Nil for Priority Customers)
Annual Fee ₹1,500 (After spending ₹2.5 lakh a year, the amount will be reversed)

Who Should Opt for an Axis Bank Privilege Credit Card? 

The Axis Bank Privilege Credit Card is the ultimate payment solution for savvy individuals. With a suite of premium benefits, including welcome gifts, travel perks, dining discounts, and insurance coverage, this card has got users covered. Enjoy 2 complimentary visits to domestic lounges, a fuel surcharge waiver, and 3,000 reward points on card renewal yearly. Users can also convert their earned reward points into shopping and travel vouchers worth twice their value. With flexible payment options, this card offers a stress-free and convenient payment experience. Elevate the lifestyle with the unmatched privileges of the Axis Bank Privilege Credit Card.

Reward Points

The Axis Bank Privilege Credit Card rewards with 10 EDGE Reward Points for every domestic or international spend of ₹200.

How to Apply for an Axis Bank Privilege Credit Card?

For those who prefer a personal touch, simply visit the nearest Axis Bank branch with the required documents and fill out a physical application form. For online applicants, follow these quick steps:

  • Visit the Axis Bank website and navigate to the “Credit Card” section. 
  • Select the “Axis Bank Privilege Credit Card”. 
  • Fill out the online application form with personal and financial information. 
  • Upload the required documents, such as ID and income proof.
  • Submit the application and wait for the bank's response.

Before taking the leap and applying for a credit card, it's crucial to fully understand its terms and conditions. Ensure a smooth and informed application process by thoroughly reviewing the details beforehand.

Axis Bank Privilege Credit Card Eligibility

  • Age: 18 to 70 years
  • Occupation: Salaried or Self Employed
  • Income: Salaried: ₹50,000 p.m., Self-Employed: ITR > ₹6.0 Lakhs p.a.

Documents Required

  • Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
Axis Bank Cards Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

Axis Bank

Axis Bank Credit Card Customer Care Number:

1860 419 5555 / 1860 500 5555.

Axis Bank Card Offers:

View Offers

Total Cards:

1,39,09,552
Axis Bank Credit Card News
13 Mar 2024, Wednesday
1. Axis Bank suspends reward redemptions for credit cards used for Business Spends

Axis Bank has suspended reward redemptions for some credit cardholders and is requesting invoices to verify travel spending. The bank believes that some cardholders are misusing reward points by using their cards for business expenses, which is against the terms of the cardholder agreement. Axis Bank says that this is a routine exercise to monitor suspicious spending, but some genuine cardholders have also been flagged. Experts recommend using separate business credit cards to avoid such problems.

29 Nov 2023, Wednesday
2. Axis Bank has announced a significant devaluation of its Vistara credit cards, effective from 3 January, 2024.

Axis Bank has announced a significant devaluation of its Vistara credit cards, effective from 3 January 2024. The main changes include:

  • No points for government and utility spending: Cardholders will no longer earn any Vistara Points on transactions made towards government dues, utility bills, and insurance premiums. These were previously high-yielding categories that contributed significantly to point accumulation.
  • Loss of monthly milestone benefit: The monthly milestone benefit of 25,000 Vistara Points will also be discontinued. This was a valuable benefit for cardholders who consistently spent a certain amount each month.
10 Oct 2023, Tuesday
3. Axis Bank and Fibe have partnered to launch India's first numberless credit card.

Axis Bank, has teamed up with Fibe (formerly EarlySalary) to introduce the country's first-ever numberless credit card tailored for the tech-savvy Generation Z demographic.

This innovative credit card offers heightened security by eliminating the conventional card number, expiry date, and CVV code typically printed on physical cards. This forward-thinking design is expected to reduce the risk of identity theft or unauthorized access to cardholders' information, ensuring the utmost in security and privacy. The card will be accessible to Fibe's extensive customer base, which exceeds 2.1 million individuals.

13 May 2023, Saturday
4. Axis Bank links Rupay credit cards with UPI.

Axis Bank has enabled linkage of RuPay Credit Cards with Unified Payments Interface (UPI). This means that Axis Bank customers can now use their RuPay Credit Cards to make payments through UPI. UPI is a real-time payment system developed by National Payments Corporation of India (NPCI). It allows users to make instant payments to any bank account in India with just a few taps on their phone.

11 Apr 2023, Tuesday
5. Axis Bank Credit Cards adds six new transfer partners to EDGE Rewards

Taking the number up to 19, Axis bank added 6 new transfer partners to its existing list. These include hotel networks Accor ALL & Wyndham Rewards, Star Alliance’s Air Canada’s Aeroplan & Thai Airways Royal Orchid Plus as well as Oneworld Alliance’s Japan Airlines JAL Mileage Bank & Qantas Frequent Flyer.

These 19 transfer partners are cumulatively a part of Axis bank’s reward program known as the EDGE Rewards.

Axis Bank Privilege Customer Reviews

Overall Rating

3.5

Based on 2 reviews

Rating Summary

5
0%
4
50%
3
50%
2
0%
1
0%

Review Analytics

Fees 0 votes

Interest Rate 0 votes

Rewards 0 votes

Benefits 0 votes

Customer Service 0 votes

Frequently Asked Questions

Depending on the applicant's CIBIL score, the Axis Privilege Credit Card limit can range from Rs. 25,000 to Rs. 5 lakhs. This gives customers the ability to choose an appropriate credit limit based on their income and financial needs.

To activate, simply follow these steps: 1. Navigate to the Axis Bank website and select "Activate Your Card." 2. Enter your credit card information and other information. 3. Enter the OTP sent to your registered mobile number to confirm your identity. 4. Set up a four-digit PIN for your credit card. 5. Press the "Submit" button. Your credit card from Axis Bank Privilege will be activated.

Axis Bank's Privilege Credit Card comes with the following features: Advantages of Activation Benefits, Milestones Rewards, Axis EDGE rewards, Airport Lounge Access, and Weekends that are out-of-the-ordinary Dining delights, among other things.

Cardholders can redeem their EDGE Rewards by going to the "EDGE Rewards" section of the Axis Bank Mobile app. Alternatively, these EDGE Rewards can be redeemed for any other products, gift vouchers, or services worth up to Rs. 2,500 that are listed on the "EDGE Rewards" website or partner websites.

The Axis Bank Privilege Credit Card includes two complimentary domestic lounge visits per calendar quarter. As a welcome bonus, it is a premium card that provides its users with exclusive shopping and travel benefits. The card also comes with a unique milestone program that allows you to convert your Axis EDGE reward points into travel or shopping vouchers worth twice as much.

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