Axis Bank Privilege Easy Credit Card
Rewards & Benefits
Welcome Benefits
None.
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
- Reward System: Cardholder will get 5% cashback on any two packs of your choice
- Dining &
- Entertainment Category – BookMyShow &
- Zomato
- 
- Travel Category – MakeMyTrip &
- Uber
- 
- Grocery Category – Blinkit &
- Reliance Smart Bazaar
- 
- Electronics Category – Croma &
- Reliance Digital
- 
- Fashion Category – Nykaa &
- Myntra
3% cashback any one E-commerce merchant of your choice
- 
- Amazon or Flipkart or PayZapp
1% unlimited cashback across all other spends
- Cashback credit card
-  
- Reward System: Cardholders will get 5% cashback on any two packs of their choice
- 3% cashback on any one E-commerce merchant of your choice- Amazon or Flipkart or PayZapp
- 1% unlimited cashback across all other spends
Movie Benefits
Dining Benefits
Get up to 25% off on dining through Swiggy Dineout.
Other Benefits
Instant digital credit card. Annual fee reversal on spend of Rs 50,000 in any year.
Lounge Access
The card also offers two complimentary domestic airport lounge access per calendar quarter.
Fees & Charges
Joining Fee
INR 500 /- + Applicable Charges
Annual Fee
INR 500 /- + Applicable Charges
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
3.6% per month (i.e., 43.2% per annum)
Late Payment Fee
Late Payment Charges: Ranges from INR 100 to INR 1300.
Foreign Currency Transactions Fee
Foreign Currency Mark-up Fees: 3.5%
Other Fees
Cash Advance Charges: A transaction fee of 2.5% or ₹500 whichever is higher | Reward Redemption Fee: INR 99
Cons
Low cashback rate.
Limited number of value add features.
No free movie tickets.
Welcome Benefits: Users will get 12,500 reward points redeemable against shopping or travel vouchers worth INR 5,000 on payment of joining fee and undertaking 3 transactions within 60 days of card issuance.
Reward System: Users will get 5 Edge reward points on spending INR 100. Value of 1 Edge point: INR 0.20. Cashback rate: 1%.
Milestone Benefit: Customers can double the benefit upon achieving the spending milestone of Rs. 2.5 Lakhs by converting their EDGE rewards to shopping and travel vouchers worth twice the value.
Insurance benefits: Purchase Protection Plan upto Rs. 1 Lakh.
The card also offers two complimentary domestic airport lounge access per calendar quarter.
Rewards & Benifits
Welcome Benefits
Users will get 12,500 reward points redeemable against shopping or travel vouchers worth INR 5,000 on payment of joining fee and undertaking 3 transactions within 60 days of card issuance.
Rewards System
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
Reward System: Cardholder will get 5% cashback on any two packs of your choice
- Dining & Entertainment Category – BookMyShow & Zomato
- Travel Category – MakeMyTrip & Uber
- Grocery Category – Blinkit & Reliance Smart Bazaar
- Electronics Category – Croma & Reliance Digital
- Fashion Category – Nykaa & Myntra
3% cashback any one E-commerce merchant of your choice
- Amazon or Flipkart or PayZapp
1% unlimited cashback across all other spends.
Eligibility Criteria
You must be an Indian citizen.
You must be 21-60 years of age.
Your net monthly income must be greater than INR 25,000 if you are salaried, and your ITR must be greater than Rs. 6 lakhs per annum if you are self-employed.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Eligibility: Check if you meet the eligibility criteria, which typically include a minimum income and age requirement.
Apply online: Visit the HDFC Bank website or app and fill out the online application form.
Documents: Submit the required documents like PAN card, address proof, and income proof.
Verification: HDFC will verify your documents and creditworthiness.
Approval: Upon approval, you will receive your credit card within 7-10 working days.
Contact Details
1800 1600
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefits: Users will get 12,500 reward points redeemable against shopping or travel vouchers worth INR 5,000 on payment of joining fee and undertaking 3 transactions within 60 days of card issuance.
Reward System: Users will get 5 Edge reward points on spending INR 100. Value of 1 Edge point: INR 0.20. Cashback rate: 1%.
Milestone Benefit: Customers can double the benefit upon achieving the spending milestone of Rs. 2.5 Lakhs by converting their EDGE rewards to shopping and travel vouchers worth twice the value.
Insurance benefits: Purchase Protection Plan upto Rs. 1 Lakh.
The card also offers two complimentary domestic airport lounge access per calendar quarter.
Low cashback rate.
Limited number of value add features.
No free movie tickets.
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
Product Review
Fees & Charges
Joining fee: INR 1500.
Annual fee - Rs. 1500.
Cash Withdrawal Fee: 2.5% of the amount taken out as cash .
Late Payment Fee: Charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1200 .
Interest Rate 3.40% per month (49.36% 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.