Axis Bank Privilege Credit Card

Name: Axis Bank Privilege Credit Card
Brand: Axis Bank
Price: 1500 INR
Availability: InStock
Rating: 3.5 (1 reviews)

Overview

Axis Bank Privilege Credit Card is priced at ₹1,500 annually, sitting between the entry-level Rewards card and the premium Select in the Axis portfolio. It earns 10 EDGE Reward Points per ₹200 on all eligible domestic and international transactions, translating to a 1% return rate based on point valuations.The welcome benefit of 12,500 EDGE Points (₹2,500 in vouchers) on the first transaction exceeds the joining fee, and the milestone reward of 10,000 points at ₹2.5 lakh annual spend adds another ₹2,000. The annual fee waiver triggers at ₹5 lakh spend, excluding rent, fuel, insurance, utilities, wallet, gold, and government categories.Lifestyle perks include buy-one-get-one movie tickets on the District app (up to ₹250 off, once monthly), the Dining Delights restaurant programme, and Wednesday deals on MakeMyTrip, Swiggy, and Tira. Insurance covers ₹1 lakh purchase protection, ₹1 lakh credit shield, and up to $500 for baggage-related travel claims.Domestic lounge access is conditional: 2 visits per quarter on ₹50,000 quarterly spend. The absence of international lounge access and the 3.5% forex markup limit the card's utility for international travellers. It works best for domestic spenders who value the milestone rewards and entertainment perks.

Pros

↑12,500 welcome EDGE Points (₹2,500) on first transaction more than covers the ₹1,500 joining fee, making the card profitable from day one
↑10,000 milestone points at ₹2.5 lakh plus annual fee waiver at ₹5 lakh give achievable spend targets for consistent value beyond the base earn rate
↑Insurance package with ₹1 lakh purchase protection, ₹1 lakh credit shield, and $500 travel cover is strong for a ₹1,500 annual fee card

Cons

↓Base earn rate of 10 points per ₹200 (1% return) is standard but not competitive against cards with accelerated category spending
↓Domestic lounge access is conditional on ₹50,000 quarterly spend and limited to 2 visits per quarter with no international access
↓3.5% foreign currency markup plus 1.5% DCC fee makes this a poor choice for any international spending

Key Highlights

Welcome Offer
12,500 EDGE Points worth ₹2,500 on first transaction
12,500 EDGE Points on 1st transaction within 30 days
Redeemable against shopping/travel vouchers
Requires paying joining fee
Not eligible for free/first-year-free cards

Reward Rate
10 EDGE Points per ₹200 on all eligible spends
10 points per ₹200 on domestic and international spends
~1% return rate (1 point = ₹0.20)
Excludes insurance, rent, fuel, education, utilities, government
Points debited if transaction converted to EMI

Minimum Salary
18-70 years, Indian resident
Age: 18 to 70 years for primary cardholder
Add-on cardholder: over 18 years
Must be Indian resident
PAN card or Form 60 required

Joining Fee
₹1,500
Joining fee: ₹1,500
Add-on card: free
Welcome points exceed joining fee

Annual Fee
₹1,500, waived at ₹5 lakh spend
Annual fee: ₹1,500 from 2nd year
Waived on ₹5L spend in anniversary year
Excludes rent, fuel, insurance, utilities, wallet, gold, government
Add-on card: free

Why Choose?
Strong welcome bonus and achievable milestones
₹2,500 welcome vouchers on first transaction
₹2,000 milestone at ₹2.5L spend
BOGO movie tickets monthly
Dining Delights and Wednesday offers

Key Benefits

Dining

★2.5

▼

Axis Bank Dining Delights at premium restaurants across India
Wednesday Delight: 10% off Swiggy, 10% off Tira
15% off flights and hotels via MakeMyTrip/Goibibo on Wednesdays

Fuel

★3.0

▼

1% fuel surcharge waiver on ₹400 to ₹4,000 transactions
Maximum benefit: ₹400 per statement cycle
Applicable at fuel MCC 5541, 5542, 5983
No reward points on fuel transactions
1% fee on cumulative fuel above ₹50,000 per cycle

Milestone

★3.5

▼

12,500 EDGE Points (₹2,500) welcome benefit on first transaction within 30 days
10,000 EDGE Points (₹2,000) on ₹2.5 lakh spend in anniversary year
Annual fee waiver on ₹5 lakh spend
Spend thresholds exclude rent, fuel, insurance, utilities, wallet, gold, government

Reward Points

★3.0

▼

10 EDGE Reward Points per ₹200 on all eligible spends (~1% return)
Points valid for domestic and international transactions
Excludes insurance, rent, fuel, education, utilities, government
Points debited on EMI conversion, not reversed on cancellation
Redemption fee applicable

Merchant Offers

▼

BOGO movie tickets on District app (up to ₹250 off, once monthly)
Use code AXISPRIVILEGE at checkout
Effective from 20th June 2025
Wednesday Delight offers on MakeMyTrip, Swiggy, Tira

Airport Lounge Access

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2 domestic lounge visits per calendar quarter
Requires ₹50,000 spend in prior 3 months
Available at select domestic airports only
No international lounge access

Insurance

▼

Purchase protection up to ₹1 lakh
Credit shield ₹1 lakh
Loss of travel documents: up to $300
Delay of check-in baggage: up to $300
Loss of check-in baggage: up to $500

Detailed Information

Joining Fee	₹1,500
Annual Fee	₹1,500 from 2nd year
Annual Fee Waiver	Waived on ₹5 lakh spend in anniversary year (excludes rent, fuel, insurance, utilities, wallet, gold, government)
Monthly Percentage Rate	3.75%
Annual Percentage Rate	55.55%
Minimum Monthly Payment	5% of outstanding or ₹200, whichever is higher
Foreign Currency Markup	3.5% + 1.5% DCC markup
Late Payment Charges	NIL up to ₹500; ₹500 (₹501-₹5,000); ₹750 (₹5,001-₹10,000); ₹1,200 (above ₹10,000). Extra ₹100 for missing MAD two consecutive cycles
Overlimit Charges	2.5% of overlimit amount (min ₹500)
Cash Advance Fee	2.5% of amount (min ₹500)
Card Replacement Fee	NIL
Fee For Duplicate Statement	Waived
Fee For Cheque Bounce	2% of payment amount (min ₹500)

Age Requirement Salaried	18-70 years
Age Requirement Self Employed	18-70 years
Minimum Annual Income Salaried	Not specified (bank discretion)
Minimum Annual Income Self Employed	Not specified (bank discretion)
Minimum Credit Score	Not specified (bank discretion)

Identity Proof	PAN Card or Form 60
Address Proof	Driving License, Electricity Bill, or Landline Telephone Bill
Income Proof Salaried	Latest payslip, Form 16, or IT return
Income Proof Self Employed	IT return or equivalent income proof

Frequently Asked Questions

The joining fee and annual fee are both ₹1,500. The annual fee is waived if you spend ₹5 lakh in a card anniversary year. Add-on cards are free.

You receive 12,500 EDGE Reward Points worth ₹2,500 in vouchers on your first transaction within 30 days of card issuance. The joining fee must be paid to qualify.

You earn 10 EDGE Reward Points for every ₹200 spent on eligible domestic and international transactions, giving approximately 1% return.

You earn 10,000 EDGE Reward Points worth ₹2,000 on spending ₹2.5 lakh in a card anniversary year.

The ₹1,500 annual fee is reversed on achieving ₹5 lakh spend in the previous anniversary year. Excluded categories: rent, fuel, insurance, utilities, telecom, wallet, gold/jewellery, government, and education.

Yes. 2 complimentary domestic lounge visits per quarter at select airports. Requires ₹50,000 spend in the previous 3 months. No international lounge access is included.

Buy-one-get-one movie tickets on the District app with up to ₹250 off on the second ticket. Available once per month using code AXISPRIVILEGE.

Access to the Axis Bank Dining Delights programme at premium restaurants across India.

Every Wednesday: up to 15% off on flights and hotels via MakeMyTrip/Goibibo, 10% off on Swiggy orders, and 10% off up to ₹1,000 on Tira beauty products.

Yes. 1% fuel surcharge refund on transactions between ₹400 and ₹4,000, capped at ₹400 per statement cycle. No reward points on fuel transactions.

Purchase protection up to ₹1 lakh, credit shield ₹1 lakh, loss of travel documents up to $300, delay of check-in baggage up to $300, and loss of check-in baggage up to $500.

3.5% of the transaction value plus a 1.5% Dynamic Currency Conversion markup on international transactions processed in Indian currency.

Insurance, rent, fuel, educational services, utilities, and government transactions are excluded from earning EDGE Reward Points.

NIL if total due is under ₹500, ₹500 for ₹501 to ₹5,000, ₹750 for ₹5,001 to ₹10,000, and ₹1,200 above ₹10,000. Extra ₹100 for missing MAD two consecutive cycles.

Yes. Add-on cards are available at no joining or annual fee. Add-on cardholders must be over 18 years of age.

Free cards, first-year-free cards, and priority segment customers are not eligible for the 12,500 welcome EDGE Points benefit.

A 1% rent surcharge applies on each rental transaction (MCC 6513). GST is applicable on this surcharge.

PAN card or Form 60, proof of income (latest payslip, Form 16, or IT return), and residence proof (driving licence, electricity bill, or telephone bill).

Primary cardholder: 18 to 70 years. Add-on cardholder: over 18 years. Must be an Indian resident.

EDGE Reward Points are valued at approximately ₹0.20 each. The 12,500 welcome points equal ₹2,500 and the 10,000 milestone points equal ₹2,000.

Wallet loads: 1% on cumulative ₹10,000+ per cycle. Utilities: 1% on cumulative ₹25,000+ per cycle. Education: 1% via third-party apps. Gaming: 1% on cumulative ₹10,000+ per cycle.

Yes. There is an Amex Privilege variant with specific offers. Details on Amex-specific offers are available on the Axis Bank website.

Cash withdrawal costs 2.5% of the amount (minimum ₹500). Finance charges of 3.75% per month (55.55% per annum) apply from the date of withdrawal.

Axis Bank does not publicly specify a minimum income for the Privilege Credit Card. Approval is at the bank's discretion based on overall credit profile.

Yes. 10 EDGE Points per ₹200 on international transactions, same as domestic. However, the 3.5% forex markup plus potential DCC fee reduces the net value.

Overview

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Key Highlights

Key Benefits

Detailed Information

Frequently Asked Questions

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