Overview
The Axis Bank Privilege Credit Card is a premium rewards credit card from Axis Bank offering a suite of lifestyle and travel benefits. Cardholders enjoy complimentary domestic airport lounge access, a fuel surcharge waiver, and attractive reward points on eligible spends. The card provides milestone bonuses (10,000 eDGE points on annual spends of ₹2.5 lakh) and a welcome bonus of 12,500 eDGE points upon the first transaction. Currently, there are no joining or annual fees associated with this card. Tailored for frequent travelers and customers with significant spending, it aims to provide comprehensive perks and straightforward rewards. Additionally, it includes travel insurance and concierge support for enhanced protection and convenience.
Basic Card Details
| Feature | Details |
|---|---|
| Bank | Axis Bank |
| Card Name | Privilege Credit Card |
| Card Type | Visa & Mastercard |
| Joining Fee | ₹ 0 (First year free) |
| Annual Fee | ₹ 0 (from 2nd year) |
| Welcome Benefit | 12,500 Axis eDGE points (worth ₹2,500) |
| Reward Points | 10 Axis eDGE points per ₹200 spent |
| Lounge Access | 2 complimentary domestic lounge visits per quarter |
| Fuel Surcharge Waiver | 1% on ₹400–₹4,000 fuel spends (up to ₹400 per month) |
Extra Card Details
The Privilege card facilitates contactless (Tap & Pay) payments and is accepted globally. It includes complimentary insurance covers such as purchase protection (up to ₹1 lakh) and travel & baggage insurance. Add-on cards are offered without any joining or annual fees and also accumulate reward points. Cardholders can easily convert their purchases into EMIs through Axis Bank’s Quick EMI program and manage their card activities using the Axis Mobile App. Additional features include round-the-clock customer support, free instant SMS alerts for transactions, and secure online banking facilities.
Features & Benefits
- Airport Lounge Access: Enjoy 2 complimentary domestic lounge visits each quarter, providing a comfortable travel experience. A spend of ₹50,000 in the preceding three months is required to avail this benefit.
- Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at all petrol/diesel outlets, with a maximum benefit of ₹400 per month.
- Reward Points: Earn 10 Axis eDGE points for every ₹200 spent on the card, which can be redeemed for a variety of travel and shopping vouchers.
- Welcome Bonus: Receive 12,500 eDGE points (equivalent to ₹2,500) upon making your first transaction with the card after activation.
- Milestone Bonus: Earn an additional 10,000 eDGE points when your total annual spending reaches ₹2.5 lakh.
- Dining Discounts: Avail discounts of up to ₹800 at select restaurants through the Axis Bank Dining Delights program powered by EazyDiner.
- Partner Offers: Benefit from deals such as 15% off on flights and hotels via Goibibo/MakeMyTrip and 10% off on Swiggy/Amazon Fresh on Wednesdays.
- No Annual Fee: Currently, there are no joining or annual fees applicable to this credit card.
Rewards & Cashback
- Axis eDGE Points: Earn 10 Axis eDGE points for every ₹200 spent on your card, both for domestic and international transactions. These points can be exchanged for various vouchers or converted into airline miles, subject to certain limits.
- Points Exclusions: Please note that eDGE points are not awarded for spending on fuel, insurance premiums, rent payments, utility bills, and government-related transactions.
- Effective Rate: Each eDGE point roughly holds a value of ₹0.20, making the welcome bonus of 12,500 points worth approximately ₹2,500.
- Offer Discounts: Enjoy direct savings through discounts ranging from 10% to 15% on partner services like Amazon Fresh, Swiggy, and various travel platforms on specific days (e.g., Wednesdays).
Fees & Charges
- Joining Fee: ₹ 0 (Currently waived).
- Annual Fee: ₹ 0 (Currently waived).
- Finance Charge: 3.75% per month on the outstanding balance (55.56% per annum).
- Cash Advance Fee: 2.5% of the withdrawn amount, with a minimum charge of ₹500.
- Part-Payment Fee: ₹175 for making a partial payment of the total amount due.
- Late Payment Fee: ₹0 if the total payment due is less than ₹500; ₹500 for dues between ₹501 and ₹5,000; ₹750 for dues between ₹5,001 and ₹10,000; and ₹1,200 for dues exceeding ₹10,000.
- Over Limit Fee: 2.5% of the amount exceeding the credit limit, with a minimum of ₹500.
- Foreign Currency Transaction Fee: 3.5% of the transaction amount for international spends.
- Please note that fees for services like mini-statements, hotlisting of the card, and balance inquiries are currently waived.
Eligibility Criteria
- Age: The primary cardholder must be between 18 and 70 years of age. For add-on cardholders, the minimum age is 15 years.
- Income: Salaried individuals must have a minimum annual income of ₹6 lakh. Self-employed individuals should have a comparable income.
- Residency: Applicants must be residents of India or Non-Resident Indians (NRIs) as per Axis Bank's guidelines.
- Credit Profile: A good credit history and full compliance with KYC (Know Your Customer) documentation are mandatory.
Required Documents
- ID Proof: A copy of your PAN card or Form 60.
- Address Proof: Any one of the following: Aadhaar card, Voter's ID, Driver’s License, Passport, or recent Utility Bills.
- Income Proof: For salaried individuals: latest salary slip, Form 16. For self-employed individuals: Income Tax Return.
Card Apply Process
- Online: Visit the official Axis Bank website, go to the Credit Cards section, select the Privilege Credit Card, and complete the online application form.
- Offline: Visit any Axis Bank branch, obtain the application form, fill it out, and submit it along with all the necessary documents.
- After submitting your application, you can track its status through the Axis Bank online portal. Upon approval, the credit card will be sent to your registered mailing address.
Usage Tips for Maximum Benefits
- Prioritize using your card for routine expenses such as shopping, dining, and travel to maximize reward point accumulation. Be mindful of transactions that do not earn rewards (e.g., fuel, utilities, rent).
- Ensure you meet the ₹50,000 spending threshold in each preceding quarter to be eligible for the two complimentary domestic lounge visits offered per quarter.
- Strategically leverage partner offers, such as booking flights and hotels on Goibibo/MakeMyTrip or ordering on Swiggy/Amazon Fresh on Wednesdays to avail discounts up to 15% and 10%, respectively.
- Redeem your 12,500 welcome points early to offset purchases worth ₹2,500. Aim to reach an annual spending of ₹2.5 lakh to unlock the additional 10,000 eDGE points milestone bonus.
- Take advantage of the Axis Dining Delights program powered by EazyDiner to receive discounts of up to 25% on your dining bills at participating restaurants.
Similar Credit Cards
- HDFC Regalia Credit Card: A premium card known for its travel benefits, including complimentary international lounge access and reward points on various spends.
- SBI Card PRIME: Offers a good mix of domestic and international lounge visits, along with dining benefits and shopping vouchers.
- ICICI Bank Sapphiro Credit Card: Provides complimentary domestic lounge access (4 visits per quarter) in addition to discounts on dining and fuel.
Official Links
For the most current and detailed information about the Axis Bank Privilege Credit Card, please visit the official page:
https://www.axisbank.com/retail/cards/credit-card/privilege-credit-card-with-unlimited-benefits
To apply for the card, you can click on the "Apply Now" button available on the official Axis Bank page.
Card Review
- Pros: Offers a strong rewards program with 10 eDGE points for every ₹200 spent and significant bonus points upon joining and reaching spending milestones. Provides two complimentary domestic lounge visits per quarter. Currently, there are no joining or annual fees associated with the card.
- Cons: Eligibility for lounge access requires a spend of ₹50,000 in the preceding quarter. Reward points are not earned on certain categories like rent, utilities, and insurance premiums. The threshold for annual fee waiver has been adjusted (currently no fee).
The Axis Bank Privilege Credit Card is generally regarded as a valuable option for those who travel frequently and have a good spending capacity to maximize its benefits. The combination of no annual fee, lounge access, and attractive bonus point offers makes it appealing. However, individuals who may not meet the quarterly spending criteria for lounge access or those who spend heavily on excluded categories might find other cards more suitable for their needs.
Disclaimer
Please be advised that the information provided above is for general informational purposes only and is based on the latest details available from Axis Bank at the time of writing. Terms, fees, benefits, and eligibility criteria are subject to change without prior notice. Users are strongly encouraged to visit the official Axis Bank website and review the specific credit card documentation for the most accurate and up-to-date information. This content should not be considered as financial advice.
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