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Welcome Benefit: Customers can earn 12,500 EDGE REWARD points, redeemable against Multi Brand vouchers worth Rs 5000 upon payment of full joining fees.
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Axis Bank Privilege Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Customers can earn 12,500 EDGE REWARD points, redeemable against Multi Brand vouchers worth Rs 5000 upon payment of full joining fees.
Milestone Benefits
Milestone Benefit: Upon reaching the milestone spend of Rs Rs 2.5 Lakhs users can double their reward points by converting them to multi-brand coupons having double the value of their points.
Cashback Rate
Users will earn 5 Axis Edge reward points on every INR100 spent.
The value of each point is INR 0.2. The effective cashback rate is 1%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
1% fuel surcharge refunded for fuel transactions between Rs 400 and Rs 4000).
Lounge Access
8 complimentary domestic airport lounge visits per year.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Customers can earn 12,500 EDGE REWARD points, redeemable against Multi Brand vouchers worth Rs 5000 upon payment of full joining fees.
Milestone Benefits
Milestone Benefit: Upon reaching the milestone spend of Rs Rs 2.5 Lakhs users can double their reward points by converting them to multi-brand coupons having double the value of their points.
Cashback Rate
Users will earn 5 Axis Edge reward points on every INR100 spent.
The value of each point is INR 0.2. The effective cashback rate is 1%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
1% fuel surcharge refunded for fuel transactions between Rs 400 and Rs 4000).
Lounge Access
8 complimentary domestic airport lounge visits per year.
Fees & Charges
Joining Fee
Rs. 1500 (Nil for Priority Customers only).
Annual Fee
2nd Year onwards: Rs. 1500.
Cash Advance Fee
Cash withdrawal fee from ATM - 2.5% (Min. Rs. 500) of the Cash Amount.
Interest rate
Interest Rate: 3.40% per month (49.36% per annum).
Late Payment Fee
Late payment fee: charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1200.
Foreign Currency Transactions Fee
3.50%
Other Fees
Fuel surcharge: 1% of transaction amount (Refunded for fuel transactions between Rs. 400 and Rs.4000). | Reward Redemption fee : INR 49 for redemption of points upto 10,000 and INR 99 above that. | Forex Charges: 3.5%.
Fees & Charges
Joining Fee
Rs. 1500 (Nil for Priority Customers only).
Annual Fee
2nd Year onwards: Rs. 1500.
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: 3.40% per month (49.36% per annum).
Late Payment Fee
Late payment fee: charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1200.
Foreign Currency Transactions Fee
3.50%
Other Fees
Fuel surcharge: 1% of transaction amount (Refunded for fuel transactions between Rs. 400 and Rs.4000). | Reward Redemption fee : INR 49 for redemption of points upto 10,000 and INR 99 above that. | Forex Charges: 3.5%.
Special Features
Upon reaching the milestone spend of INR 2.5 Lakh users can double their reward points by converting them to multi-brand coupons having double the value of their points
Eligibility Criteria
Primary cardholder should be between 18 to 70 years of age.
Add-on cardholder should be over 18 years.
Net income of Rs. 6,00,000 per annum.
Resident of India
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
You can apply for the Axis Bank Privilege Credit Card online or offline. Here are the steps on how to apply online:
Go to the Axis Bank Credit Card website. Search for Privilege Credit Card.
Click on the "Apply Now" button.
Enter your personal details such as your name, email address, and mobile number.
Enter your income and employment details.
Upload a scanned copy of your PAN card and Aadhaar card.
Select the credit limit you want.
Click on the "Submit" button.
An Axis Bank representative will contact you to verify your details and complete the application process.
Contact Details
1867 419 5555 & 1860 500 5555
Account Opening and Procedure
Axis Bank Privilege Credit Card has limited number of value add features. On top off that it also has a very low cashback rate. Wholistically the card has limited attraction in today's day and age.
Axis Bank Privilege Credit Card has limited number of value add features. On top off that it also has a very low cashback rate. Wholistically the card has limited attraction in today's day and age.
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