The Axis Bank Privilege Credit Card and the Axis Bank Select Credit Card are two of the many credit cards that Axis Bank offers; these cards are made for people who want lifestyle perks along with flexible credit limits. They offer a variety of lifestyle benefits, such as free access to airport lounges, unique dining deals, milestone benefits, and reward points on all eligible transactions. The Select Credit Card is more onto the premium side with improved rewards and travel-related features targeted at high spenders. At the same time, the Axis Privilege Credit Card is a mid-tier product with reasonable annual charges and simpler advantages. Keep reading for the comparison of the two cards.
Annual Fee and Welcome Benefits
The Axis Bank Privilege Credit Card has an annual fee of ₹1,500 plus GST, which is waived if you spend ₹5 lakh or more in a year. When it comes to welcome perks, the card offers 12,500 EDGE Reward Points worth ₹2,500. When you spend ₹2.5 lakh with the card in a year, you will be eligible for 10,000 EDGE Reward Points worth ₹2,000 as a milestone benefit.
The Axis Select Credit Card, a premium product from the bank, has an annual fee of ₹3,000 + GST. The fee is waived only if you spend more than ₹8 lakh in a year. The card also provides 10,000 EDGE Reward Points (worth ₹2,000) on completing the first transaction. For the milestone benefits with the card, users get the following–
- 5,000 bonus EDGE Points on a minimum annual expenditure of ₹3 lakh.
- Auto-renewal of the complimentary Priority Pass membership on a minimum annual expenditure of ₹3 lakh.
Earning and Redeeming Reward Points
Using the Axis Bank Privilege Credit Card, you earn 10 EDGE Rewards for every ₹200 spent, both domestically and internationally. In contrast, with the Axis Select Credit Card, you collect 20 EDGE Points for every ₹200 on monthly expenses up to ₹20,000 with the card, and 10 EDGE Points for every ₹200 spent beyond that limit.
The EDGE Reward Points can be redeemed for shopping, travel vouchers, or for purchasing products from the catalog provided in the EDGE Rewards portal. Each EDGE Reward Point is worth ₹0.20 when redeemed for products at the Axis Bank EDGE REWARDS catalog.
You can also transfer the EDGE reward points you earn to partner airlines or hotel programs at a ratio of 5:1 for ITC, SpiceJet, and AirAsia; for all other partners, a 10:1 ratio applies. The total number of reward points you can convert in a calendar year is capped at 500,000 RPs for a single customer.
Other Lifestyle Perks
The Axis Bank Privilege Credit Card offers various other lifestyle perks, such as two complimentary visits to the domestic lounge per calendar quarter(a spending requirement of ₹50,000 in the past quarter applies). With Axis Bank Dining Delights, you can enjoy up to a 25% discount at over 4,000 partner restaurants.
With the Axis Bank Select Credit Card, you receive 12 complimentary international airport lounge accesses each year through Priority Pass membership. Enjoy 2 complimentary domestic airport lounge accesses every quarter. Additionally, you can receive a flat discount of ₹500 on a minimum purchase of ₹3,000 on the BigBasket mobile app and website. You can also get up to a 25% discount on dining transactions made at partner restaurants using Axis Bank Dining Delights when paying with the Select Credit Card. Enjoy a flat ₹200 discount on Swiggy, and for those who enjoy golf, you can get upto 6 complimentary golf rounds each year, an additional six rounds if you spend ₹3 lakh or more in a year.
General Overview
| Feature | Axis Bank Privilege Credit Card | Axis Bank Select Credit Card |
| Annual Fee | ₹1,500 + GST | ₹3,000 + GST |
| Spend-Based Fee Waiver | Renewal Fee Waived on Spending ₹5 Lakh in a Year | Renewal Fee Waived on Spending ₹8 lakh in a Year |
| Welcome Benefits | 12,500 EDGE Reward Points Worth ₹2,500 | 10,000 EDGE Reward Points Worth ₹2,000 |
| Reward Points | 10 Points per ₹200 on Retail Spends | 20 Points per ₹200 on Retail Spends for Monthly Expenses Up to ₹20,000 |
| Travel Benefits | 2 Free Visits to the Domestic Lounges Per Quarter |
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| Dining and Other Benefits | 25% Up to ₹800 Off at Partner Restaurants With Axis Bank Dining Delights Program |
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Bottom Line
Axis Privilege and Axis Select Credit Cards are often compared, as both offer similar perks, including complimentary airport lounge access, dining discounts, and insurance benefits. However, the Axis Select Credit Card has double the annual fee of the Axis Privilege Credit Card. While both these cards require applicants to be making a minimum of ₹6 lakhs per annum, the ultimate decision between the two depends on your personal needs. If you’re seeking both domestic and international lounge access, dining discounts, complimentary golf sessions, and a higher reward point value, the Axis Select Credit Card is the better option On the other hand, if you prefer a lower annual fee, are fine with limited lounge access, and find a 25% dining discount sufficient, the Axis Privilege Credit Card would suit you well.
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