By Bharti Bisht
Updated On June 7, 2022

The Axis Bank Privilege Credit Card is a credit card issued by Axis Bank with an aim to provide its customers with exclusive Travel and shopping experiences. The card is lifetime free for priority banking customers and for others, it comes with a joining fee of Rs. 1,500. You can earn up to 12,500 EDGE Reward Points as a welcome bonus that can be redeemed against multi-brand vouchers worth up to Rs. 5,000. With this card, you get 10 EDGE Points on every Rs. 200 you spend. Moreover, you also get exclusive travel & dining benefits, including complimentary airport lounge access and exclusive discount offers on dining.

You also get an opportunity to earn 3000 bonus EDGE Points every year on card renewal. If your total annual spend reaches Rs. 2.5 lakhs, your renewal fee for the next year is waived off, and you can double your benefit by redeeming your Reward Points against the shopping and travel vouchers worth twice the value of your earned EDGE Points. The list of this card’s benefits doesn’t end here. To know detailed information about the advantages of the Axis Bank Privilege Credit Card, refer to the information given below:

Best Suited For

Shopping |

Joining Fee

Rs. 1,500
Nil (for priority banking customers)

Reward Type

Reward Points |

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.

Rewards and Benefits

Welcome Benefits

12,500 EDGE REWARD Points on payment of joining fee & 6,250 EDGE REWARD Points for priority banking customers.

Movie & Dining

Up to 20% discount on dining across 4000+ partner restaurants

Rewards Rate

10 EDGE Points on every spend of Rs. 200.

Reward Redemption

The EDGE Points you earn can be redeemed against various categories and products at a rate of 1 EDGE Point = Rs. 0.20.

Travel

Get complimentary domestic lounge access every year.

Golf

NA

Domestic Lounge Access

2 complimentary domestic lounge access every calendar 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

You will not be liable for any fraudulent transactions made on your card once the loss/theft is reported to the bank.

Fees & Charges

Joining Fee

Rs. 1,500
Nil (for priority banking customers)

Renewal Fee

Rs. 1,500
Nil (for priority banking customers)

Spend based Waiver

The renewal fee is waived off on spending Rs. 2.5 lakhs or more in a year.

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% on all foreign currency transactions

Interest Rates

3.4% per month

Fuel Surcharge

1% fuel surcharge waiver on all fuel transactions between Rs. 400 & Rs. 4,000

Cash Advance Charge

2.5% of the cash amount transacted or Rs. 500 (whichever is higher)

Add-on Card Fee

Nil

Axis Bank Privilege Credit Card Features and Benefits

The Axis Bank Privilege Credit Card is a basic card offered by the bank which comes with a decent rewards rate and other benefits across different 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 that can be redeemed 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 domestic lounge access every 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:

Category Insurance Coverage
Accidental air death Rs. 2.5 crores
Purchase Protection Rs. 1 lakh
Loss of travel documents Up to US $300
Lost/delayed baggage Up to US $500
Credit Shield Rs. 1 lakh

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 is waived off if you spend Rs. 2.5 lakhs or more in an anniversary year.

Fuel Surcharge Waiver

  • You get a 1% fuel surcharge waiver for all fuel transactions between Rs. 400 & Rs. 4,000.
  • The maximum benefit through the fuel surcharge waiver is capped at Rs. 400 per 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:

  • You get 10 EDGE Reward Points on every domestic/international spend of Rs. 200.
  • You don’t earn any Reward Points on fuel transactions.

Rewards Redemption

  • The EDGE Reward Points you earn can be redeemed against various 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 fees and charges associated with the Privilege Credit Card are as mentioned below:

  • The joining and annual fee of the Axis Bank Privilege Card is Rs. 1,500 and it is lifetime free for priority banking customers.
  • The interest rate on this credit card is 3.4% per month.
  • The foreign currency markup fee on the Privilege Card is 3.5% of the total transaction amount.
  • The cash advance fee on this credit card is 2.5% of the withdrawn amount subject to a minimum of Rs. 500.

Axis Bank Privilege Card Eligibility Criteria

The eligibility requirements that need to be fulfilled by the applicants in order to get approved for this card are as follows:

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

Documentation

You will also need a few documents to apply for the Axis Bank Privilege Credit Card. Some of the important documents 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?

If you want to apply for the Axis Bank privilege Card, you can do it online as well as offline as per your comfort. To apply offline, you can visit your nearest Axis Bank branch with all the required documents and apply by filling in the physical application form. To apply online, you will have to follow a few steps as mentioned below:

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

Conclusion

This Axis Bank Privilege Credit Card is for you if you love shopping and traveling. This card is comparable with the Diners Club Privilege Card that is issued by HDFC Bank, which comes with slightly higher annual fees and great benefits. Coming back to the Axis Bank Privilege Card, you get a welcome gift of 12,500 EDGE Reward Points that you can redeem against shopping or travel vouchers worth Rs. 5,000. Along with this, the travel and dining benefits provided by the card give you extra luxurious experiences, which might be something you are looking for. Not only all these benefits, but you can also save incredibly with this card as it gives you several saving opportunities, including the spend-based renewal fee waiver, fuel surcharge waiver, exciting Reward offers, etc. With all these benefits across multiple categories, the Axis Bank Privilege Credit Card becomes a great choice for everyone who wishes to have a credit card with such features.

FAQs:

On spending Rs. 2.5 lakhs or more using your Axis Bank Privilege Credit Card, you can redeem your earned EDGE Reward Points against the travel or shopping vouchers worth twice the value of your EDGE Points.

Yes, the Axis Bank Privilege Credit Card provides you with 2 complimentary domestic lounge access every quarter (8 per year).

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

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

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

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