Axis Bank Privilege Credit Card

Axis Bank Privilege Credit Card is one of the best credit card in terms of reward segment. It gives 10 reward point per Rs.200 spend and also 12500 rewards points as welcome benefits. Apart from this you can get dining benefit, complimentary lounges which makes this card even better. The collected rewards point can be redeemed for various voucher or axis travel edge miles. The card also gives 10000 rewards point on achieving milestone. The benefits does not ends here please read below for details.

JOINING FEE
RS 1500+GST
RENEWAL FEE
RS 1500+GST
BENEFITS
2 Domestic Lounge per Calendar quarter 
REWARDS &CASHBACK
10 Reward points On every Rs.200 spend & get 12500 reward point as welcome benefit worth Rs.2500.

Features & Benefits

Welcome Benefits

  • Get 12,500 edge rewards point worth of Rs.2500. For this you have to make 3 transaction within 60 days of card issuance.

Rewards

  • Get 10 Edge Rewards point for every Rs.200 spend on domestic & International.
  • 1 edge reward point = 0.2Rs
  • Get 10000 Edge rewards point on achieving milestone of Rs.2.5 lakh in anniversary year.
  • There is no rewards points on utility bill, Fuel, Education, Rent, wallet, Jewellery, Government payment, Insurance.

Airport Lounge

  • Get 2 complimentary domestic airport lounge access per quarter on spending Rs.50000 in previous three months.

Fuel Surcharge Waiver

  • Get 1% Fuel surcharge waiver on all fuel transaction between Rs.400 to Rs.4000. Maximum waiver is Rs.400 per month.

Spend Based Waiver

  • The annual fee of Rs.1500 is waived off if you have spent RS. 5 lakh in previous year.

Dining Benefits

  • You can get upto 15% off at partner resturant with Axis bank dining delight.

Fees & Charges

Reward Redemption Fee

  • There is no Reward redemption fee. You can redeemed this reward on axis bank reward catalogue. You can also convert this reward into miles transfer program for upto 5lakh reward points. The partners are classified into Group A & Group B with capping of 1lakh & 4lakh respectively.
Group A Group B
Accor Hotels
Air France-KLM (Flying Blue)
Air Canada
Air India
Ethiopian Airlines
Air Asia
Etihad (Etihad Guest)
ITC
Japan Airlines
IHG Hotels & Resorts
Marriott International
Qantas Airways
Qatar Airways
Spice Jet
Singapore Airlines
Turkish Airlines
Thai Airways
United Airlines
Wyndham Hotels

Foreign Currency Markup

  • The card come with high foreign currency markup fee that is 3.5% of total transaction amount. So if you are looking of any international travel & transaction credit card you can choose other cards that have zero or very less markup fee.

Finance Charges & Cash withdrawal Fee

  • Interest rate is 3.75% per month that is 55.55% per annum.
  • Cash withdawal fee is min Rs.500 upto 2.5% of cash withdrawal amount.
  • Eligibility Criteria
  • The age must be in between 18-70 years.
  • The Individual should be resident of India.
  • The Individual Income more or equal to 6lakh per annum.
  • Final Thoughts

Axis bank Privilege credit card is is reward type credit card which can be redeemed for vouchers. It comes with Rs.1500 annual fee which is little bit higher according to benefit provided by this card. welcome benefit is for once and lounge access is also depend upon spending criteria which become difficult to utilise. The annual fee will be waived off on spending 5 lakh which is high. According to  the benefit provided by this card you can try many different card under this category unless & until you get this card lifetime free. But this is just analysis do let us know what do you think about this credit card in comment section.

  • Frequently Asked Questions
Do they consider all the spend criteria to achieve the milestone?

The government services, utilities, gold/jewellery, rent, wallet, insurance, fuel and educational service will not be counted.

You will get only domestic lounge access 2 per quarter based on spend criteria that Rs.50000 in previous 3 month.

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