Attention all Axis Bank Priority Debit Cardholders! We are thrilled to announce some new updates to the terms and conditions of the Axis Priority Debit Card. Effective from 1st May 2024, these changes include an exclusive rewards program to complimentary lounge access and enticing discounts on entertainment. These updates are designed to improve your banking experience. Read on to discover how these changes can bring more value to your everyday transactions.
EDGE Rewards Program
Starting from 1st May 2024, the Edge Rewards Program offers points for various transactions using the Axis Bank Priority Debit Card, except for rent payments and utility services. Cardholders can earn 1500 Edge Reward Points per month. Before May 1st, 2024, any points earned for the mentioned ineligible transactions will not be affected. This program allows customers to earn rewards for their daily spending and promotes the use of the Axis Bank Priority Debit Card for eligible transactions.
Lounge Program
The lounge program offers complimentary domestic lounge access based on Axis Priority Debit Card spending. From 1st May 2024, customers will need to have a minimum spend of ₹5,000 over the previous three calendar months to access the complimentary lounge. For newly issued Priority debit cards, the minimum spend criteria are waived for the month of issuance and the following three calendar months. For example, if a card is issued on 12th February 2024, you can access the lounge until 31st May 2024 without any minimum spending requirement. After that, if you spend ₹5,000 in the preceding three months, you will be eligible to visit the airport lounge in the next month. Customers can check their spending from billed transactions in the previous three calendar months through Net Banking and the Mobile Banking App.
BookMyShow Offer
Under the BookMyShow offer, customers can benefit from a 25% discount of up to ₹350 on movie tickets using the Axis Priority Debit Card. Also, when buying food and beverages at the movie theater, users of Priority debit cards can enjoy a 20% discount up to ₹60. It’s important to note that the movie offer can only be availed in a single transaction. This offer provides a magnificent opportunity for debit card users to save on their movie outings while enjoying their favorite films and refreshments.
1% Mark-up Fee on Dynamic Currency Conversion Transactions
When making Dynamic Currency Conversion (DCC) transactions, it’s important to be aware of the 1% mark-up fee that may apply to it. This fee is imposed on the converted amount and represents an additional cost for the convenience of using DCC. When using DCC, the currency conversion is performed at the PoS or ATM, allowing you to see the transaction amount in your home currency. The 1% mark-up fee is something to keep in mind when considering whether to opt for DCC or to proceed with the local currency and manage the conversion through other means.
Bottom Line
The revised terms and conditions of the Axis Priority Debit Card offer exciting benefits to cardholders, including the EDGE Rewards Program, complimentary lounge access, and discounts on entertainment. These updates add value to everyday transactions. With opportunities to earn rewards, access airport lounges, and enjoy discounts on movie tickets and refreshments, cardholders can make the most of their Axis Priority Debit Card. It’s important to be aware of the 1% mark-up fee on Dynamic Currency Conversion transactions, allowing users to make informed choices about their transactions.