Axis Bank Miles And More World Select Credit Card
Product Details
Credit Card Name :
Axis Bank Miles And More World Select Credit Card
Bank Name :
Axis Bank
Type :
Rewards Credit Card
Interest Rate :
3.40% per month (49.96% per annum).
Eligibility :
Primary cardholder between the age of 18 and 70 years.
The individual should be a Resident of India.
Pros
Welcome Benefit: Get 15,000 bonus miles on card activation. Free Priority Pass membership.
Reward System: Get 3 miles on spending INR 100 on all spends excluding EMI, wallet recharge, cash withdrawal, etc. These miles can't be converted into cash directly but can be used to book flights with partner airline companies. Value of 1 mile will depend on the flight being booked by you. You can also use miles for booking hotels, rent cars, and shopping at select partner stores.
Renewal Benefit: Get 4,000 miles on renewal every year.
Milestone Benefit: Get bonus 36,000 miles on spend of INR 1,00,000 every month.
Get 4 free international lounge visits every year.
Get 8 free domestic lounge visits every year.
Miles never expire.
Get up to 40% off on select restaurants.
Cons
Miles cannot be converted into cash directly.
No free movie tickets.
Limited non-travel benefits.
Pros & Cons
Welcome Benefits
Welcome Benefit: Get 15,000 bonus miles on card activation. Priority pass membership.
Rewards System
Reward System: Get 3 miles on spending INR 100 on all spends excluding EMI, wallet recharge, cash withdrawal, etc. These miles can't be converted into cash directly but can be used to book flights with partner airline companies. Value of 1 mile will depend on the flight being booked by you. You can also use miles for booking hotels, rent cars, and shopping at select partner stores.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
Get 15,000 bonus miles on card activation. Free Priority Pass membership.
Eligibility Criteria
Primary cardholder between the age of 18 and 70 years.
The individual should be a Resident of India.
Benefits
Airport lounge benefits.
Miles as cashback.
Renewal benefits.
Milestone benefits.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
You can apply for the Axis Bank Miles And More Select Card online or at any Axis Bank branch. Here are the steps involved in applying for the card online:
Go to the Axis Bank website and click on the "Credit Cards" tab.
Click on the "Miles And More Select Card" link.
Enter your personal details, such as your name, address, and contact information.
Enter your income and employment details.
Upload a scanned copy of your PAN card and photograph.
Click on the "Submit" button.
An Axis Bank representative will contact you to verify your details and complete the application process.
Here are the documents required for applying for the LIC Axis Bank PlatinumCredit Card:
PAN card
Passport size photograph
Latest salary slip/Form 16/IT return copy
Proof of residence (any one of the following):
Electricity bill
Water bill
Telephone bill
Ration card
Voter ID card
Contact Details
1868 419 5555 & 1860 500 5555
Account Opening and Procedure
Axis Bank Miles And More World Select Credit Card
The card is a great travel credit card. It has limited non-travel benefits. The biggest con is that the reward miles cannot be converted into cash directly.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee: INR 10,000 + GST.
Annual Fee -From 2nd year: INR 4,500 + GST.
Late Payment Fee: charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1200.
Cash Withdrawal Fee: 2.5% of the amount taken out as cash.
Interest Rate: 3.40% per month (49.96% per annum).
Reward Redemption Fee: INR 100
Forex Markup: 3.5%.
Fuel Surcharge: 1%, however it is waived for transactions between Rs.400 to Rs.4000 (Capped at INR 400 per month).
Fuel Surcharge
Fuel Surcharge: 1%, however it is waived for transactions between Rs.400 to Rs.4000 (Capped at INR 400 per month).
Billing Cycle
30 Days.