Axis Bank Privilege Credit Card
Card Summary
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.
Quick Overview
Expert Review
Key Features
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...
Key Highlights
Reward Rate
5%
Annual Fee
Not specified
Rating
4/5
Category
Premium
Fuel Benefits
1% Fuel Surcharge Waiver
Available at all fuel stations across India
Zero Lost Card Liability
Complete Protection Against Fraud
In the unfortunate event of losing your card, report it immediately to our 24-hour call centre and you have zero liability on any fraudulent transactions made on your Credit Card.
Advantages
It offers a wide range of insurance cover.
Limitations
No reward points on Fuel & Insurance Transactions.
Gold and Jewellery linked transaction is not permitted for EMI conversion.
No free Golf lessons.
Cardholders need to meet a minimum spending requirement to earn cashback.
Fee and Charges
Joining Fee
Not specified
Annual Fee
Not specified
APR
52.86%
| Charge Type | Amount |
|---|---|
| Add-on Card Fee | Free |
| Cash Withdrawal Fee | 2.50% |
| Card Replacement Fee | Nil |
| Foreign Transaction Fee | 3.50% |
| Over Limit Penalty | 2.50% |
| Fuel Transaction Surcharge | 1% |
| Minimum Repayment Amount | 5% |
Late Payment Charges
| Outstanding Balance | Late Fee |
|---|---|
| ₹501 to ₹5,000 | ₹500 |
| ₹5,001 to ₹10,000 | ₹750 |
Reward Points Structure
| Rewards Category | Rate | Eligibility |
|---|---|---|
| Travel & Hotels | 10X | Airlines, hotels, travel bookings |
| Dining | 5X | Restaurants and food delivery |
| Online Shopping | 2X | E-commerce and online merchants |
| All Other Spends | 1X | General purchases and transactions |
Partner Merchants:
Who Should Opt for This Card?
Premium Service Seekers
Ideal for those who value premium services and exclusive benefits
How to Apply
Visit the Axis Bank website or nearest branch
Navigate to the credit cards section
Select the desired credit card
Click on "Apply Now" and fill the application form
Upload required documents (identity, address, income proof)
Submit the application and wait for verification
Receive your credit card upon approval
Processing Time
7-10 days
Eligibility Criteria
Age: 18-70 years
Residency: Indian resident
Income: ₹50000 per month
Documents Required
Proof of Identity
PAN Card, Aadhaar Card, Passport, Driver's License
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
Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
Expert Review
Detailed Analysis
The Axis Bank Privilege Credit Card stands out as a premium choice for those seeking a credit card with excellent rewards and benefits. With 5% rewards on eligible spends, it makes a compelling option for premium enthusiasts.
The card's comprehensive insurance coverage and lounge access benefits offer added value and convenience for cardholders.
While the card offers numerous advantages, it is essential to consider the annual fee of Not specified and other associated charges. These factors should be weighed against the benefits offered.
Overall, the Axis Bank Privilege Credit Card is a good option for those who want a premium credit card with excellent rewards and premium benefits. If you are looking for a card that offers good value for money, this is worth considering.
Quick Stats
Best Suited For
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