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Axis Bank Privilege Credit Card

★★★★★(4)

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. 👇

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Axis Bank Privilege Credit CardFromSBI Bank
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Features and Benefits

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

✔Welcome Bonus
✘Travel
✔Fuel
✔Rewards
✘Shopping
✘Cashback
✔Dining
✔Insurance
✘Interest
Welcome Bonus
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
Lounge Access
  • 2 complimentary lounge visits per calendar quarter to select domestic airport lounges.
Milestone Benefit
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
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
  • 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
Reward Points
  • 3,000 EDGE Reward Points every year upon card renewal.
  • Reward Rate: up to 5%
Dining Benefit
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
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 Credit Card Review

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

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

Best SuitedShopping & Lounge Access
RewardsEarn 10 EDGE Points on every spent ₹ 20
Welcome BonusMembers 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 get an Axis Bank Privilege Credit Card?

How to Apply for an Axis Bank Privilege Credit Card?

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: 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: 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: 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.