Welcome Benefits: Users will get 12,500 reward points redeemable against shopping or travel vouchers worth Rs 5,000 on payment of joining fee and undertaking 3 transactions within 60 days of card issuance.
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Axis Bank Privilege Easy Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefits: Users will get 12,500 reward points redeemable against shopping or travel vouchers worth Rs 5,000 on payment of joining fee and undertaking 3 transactions within 60 days of card issuance.
Milestone Benefits
Milestone Benefit: Customers can double the benefit upon achieving the spending milestone of Rs Rs 2.5 Lakhs by converting their EDGE rewards to shopping and travel vouchers worth twice the value.
Cashback Rate
Users will get 5 Edge reward points on spending INR 100.
Value of 1 Edge point: INR 0.20. Cashback rate: 1%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Insurance benefits; Insurance benefits: Purchase Protection Plan upto Rs Rs 1 Lakhs.
Lounge Access
The card also offers two complimentary domestic airport lounge access per calendar quarter.
Rewards & Benefits
Welcome Benefits
Welcome Benefits: Users will get 12,500 reward points redeemable against shopping or travel vouchers worth Rs 5,000 on payment of joining fee and undertaking 3 transactions within 60 days of card issuance.
Milestone Benefits
Milestone Benefit: Customers can double the benefit upon achieving the spending milestone of Rs Rs 2.5 Lakhs by converting their EDGE rewards to shopping and travel vouchers worth twice the value.
Cashback Rate
Users will get 5 Edge reward points on spending INR 100.
Value of 1 Edge point: INR 0.20. Cashback rate: 1%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Insurance benefits; Insurance benefits: Purchase Protection Plan upto Rs Rs 1 Lakhs.
Lounge Access
The card also offers two complimentary domestic airport lounge access per calendar quarter.
Fees & Charges
Joining Fee
INR 1500.
Annual Fee
Rs. 1500.
Cash Advance Fee
Cash Withdrawal Fee: 2.5% of the amount taken out as cash .
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
Forex Markup: 3.5%
Other Fees
Reward Redemption Fee: INR 100. | Fuel Surcharge: 1%, however it is waived for transactions between Rs.400 to Rs.4000 (Capped at INR 400 per month).
Fees & Charges
Joining Fee
INR 1500.
Annual Fee
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
Forex Markup: 3.5%
Other Fees
Reward Redemption Fee: INR 100. | Fuel Surcharge: 1%, however it is waived for transactions between Rs.400 to Rs.4000 (Capped at INR 400 per month).
Special Features
Unique credit card offered against fixed deposit as a security.
Eligibility Criteria
Applicant should have a fixed deposit with Axis Bank.
Minimum Fixed Deposit of Rs. 65,000; Maximum of Rs. 25,00,000.
Minors are not eligible for the card.
In addition, the Privilege Easy Credit Card cannot be issued against: Tax Saver FDs, Flexi-Deposits (Auto-sweep Fixed Deposits), Fixed Deposits in the name of HUF/society/trust/companies
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
You can apply for the Axis Bank Privilege Easy Credit 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 "Apply for Credit Card" tab.
Select the "Privilege Easy Credit Card" and click on "Apply Now".
Enter your personal details, such as your name, address, and contact information.
Enter your income details and employment details.
Upload a copy of your PAN card and latest payslip.
Submit your application.
Axis Bank will review your application and let you know the status within a few days. If your application is approved, you will receive the card in the mail within 10-15 days.
Contact Details
1868 419 5555 & 1860 500 5555
Account Opening and Procedure
Axis Bank Privilege Easy Credit Card is a unique credit card since it is issued against fixed deposit as a security. Consequently you can be 100% assured of its approval. The card has limited number of value add features and a low cashback rate. However, if you are looking for a beginner level credit card in order to build your credit score it can be a great stepping stone.
Axis Bank Privilege Easy Credit Card is a unique credit card since it is issued against fixed deposit as a security. Consequently you can be 100% assured of its approval. The card has limited number of value add features and a low cashback rate. However, if you are looking for a beginner level credit card in order to build your credit score it can be a great stepping stone.
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