Our Money Guide

The The Axis Bank Privilege Credit Card is a good option to earn a decent flat-rate reward rate on all your spends. It also offers lifestyle benefits like complimentary airport lounge access in India.

Brief Summary

Our Rating
3.50 / 5


Our View :

Best for those who like Axis Bank cards and want to earn a decent reward rate on all their card spends – you can earn 2% reward rate on hitting annual card spend target of ₹2.50 lakhs. At ₹2.50 lakh annual card spend , you also get a card spend-based annual fee waiver. The card also offers complimentary airport lounge access in India – 2 times per quarter. You also get an attractive welcome offer worth 5000.

on Axis Bank website

Axis Bank Privilege Credit Card

Special Benefits

2% benefit on all spends – at ₹2.50 lakhs annual card spend

Other Benefits

Complimentary visits to airport lounges in India – 2 time per quarter

Minimum Income

₹6 lakhs per year

Annual Fee

₹ 1500

Annual Fee Offers

Welcome offer worth ₹5000

Renewal offer – Renewal fee waived at ₹2.50 lakhs annual card spend

Axis Bank Privilege Credit Card : Summary Table



1% benefit on all spends
You earn 5 EDGE Reward points worth ₹1, on every ₹100 you  spend on all purchases.
– 1 reward point = ₹0.20 (20 paise), when you redeem points on Axis Bank’s reward redemption platform.

No reward points are given on the following types of card spends – fuel, rent, insurance, utilities, government and educational institutions.
2% benefit – at 2.50 lakhs annual spend target (milestone benefit)You get double the benefit from your earned EDGE Reward points, when you reach annual spend of ₹2.5 lakhs on your card.

At ₹2.50 lakh annual spend on your card, you would have earned 12,500 EDGE Reward Points,
– You can redeem these EDGE Reward Points at a special double rate of 1 EDGE Reward Point = 40 paise (instead of 1EDGE Reward Point = 20 paise).
– So you can buy multi brand vouchers worth ₹5000 from these 12,500 EDGE Reward Points (@ 1EDGE Reward Point = 40 paise).

– Rent and wallet transactions are not included towards reaching this annual spend target of ₹2.50 lakhs
– Please click here to get more details.
Complimentary airport lounge access in India – upto 2 times per quarterTo know more details on this program, please click here .
Dining benefits (Dining Delights program)– 25% discount at over 4000 restaurants, in partnership with EazyDiner– This offer can be redeemed once every month.
– You get a 25% discount up to ₹800. Minimum order amount of ₹2,500.
– Hence you get a 25% discount on an order between ₹2,500 and ₹3200. On orders above ₹3200, your discount% will be below 25%, since maximum discount is fixed at ₹800.
1% fuel surcharge waiverYou get 1% fuel surcharge waiver at all fuel stations across India-
– Only on fuel transactions between ₹400 and ₹4,000, AND
– Only on upto ₹40,000 fuel spend per month, since the maximum waiver is restricted to ₹400 per monthly card statement cycle.
Exclusive deals on Axis Grabdeals platformAxis Grabdeals is a platform where Axis Bank presents its exclusive tieups with a large variety of partners. There are more than 50 exclusive deals available on Axis Grabdeals – from large online stores, fashion, groceries, travel etc. 

For details, please visit click here – Axis Grabdeals Platform
₹1500 annual feeAnnual fee offers – 
Welcome offer worth ₹5000 : You receive 12,500 EDGE reward points worth ₹5000 , on your first card transaction. This first transaction needs to be done within 30 days of card issuance.
Renewal fee offer :
– Annual fee is not charged from the second year onwards if you spend ₹2.50 lakhs or more in the previous year.
– Rent and wallet transactions are not included towards reaching this annual spend target of ₹2.50 lakhs
Minimum income requirements₹6 lakhs per year

Pros & Cons

Benefits of using the Axis Bank SELECT Credit Card

  • Decent benefit rate on all your spends if you hit annual card spend target of ₹2.50 lakhs. Decent choice if you do not want to hold multiple specialist cards for each spend category.
  • Complimentary airport lounge access in India – 2 times per quarter

Limitations and drawbacks to consider

  • You could higher reward rates on your card spends with specialist cards for online shopping, travel, fuel, bill payments etc

Full Review of the Axis Bank Privilege Credit Card

Features & Benefits of Axis Bank Privilege Credit Card

1% benefit on all spends

Reward points can be redeemed in several ways. Customers can redeem their points from the catalogue listed under the EDGE Platform through Net & Mobile Banking. 1 EDGE REWARD Point = ₹0.20 or 20 paise. Click here for details.

Another option is to convert EDGE REWARD points into Partner Points at airline & hotel loyalty programs. 5 EDGE REWARD points = 1 partner point (at Vistara, SpiceJet, Airasia & ITC loyalty programs). 10 EDGE REWARD points = 1 partner point (at various other loyalty programs). For details, please click here and refer to the column under Select & Privilege Credit Card.

Reward points are valid for 3 years. There is no fee for redeeming less than 300 EDGE REWARD points. A fee of ₹49 will be charged if you redeem between 300 and 10,000 points, and a fee of ₹99 will be charged for points redemption greater than 10,000 points. 

2% benefit – at 2.50 lakhs annual spend target (milestone benefit)

You get double the benefit from your earned EDGE Reward points, when you reach annual spend of ₹2.5 lakhs on your card.

At ₹2.50 lakh annual spend on your card, you would have earned 12,500 EDGE Reward Points. You can redeem these EDGE Reward Points at a special double reward rate of 1 EDGE Reward Point = 40 paise (instead of 1EDGE Reward Point = 20 paise). So you can buy multi brand vouchers worth ₹5000 from these 12,500 EDGE Reward Points (@ 1EDGE Reward Point = 40 paise).

Rent and wallet transactions are not included towards reaching this annual spend target of ₹2.50 lakhs. Please click here to get more details.

Complimentary airport lounge access in India – upto 2 times per quarter

To know more details on this program, please click here .

25% discount (upto ₹800) at restaurants – through Eazydiner partnership

Fuel surcharge waiver

Other Cardholder Benefits

Easy EMI conversionsCustomers can convert their credit card purchases of ₹2,500 or more into easy EMIs.The program offers the convenience of paying back in parts rather than the entire amount upfront. However it is best to pay your credit card in full, and only use such facilities if you face a financial emergency.
24/7 customer supportPlease click here for all the options to contact the bank for various issues and escalations
Contactless payment– Look for the contactless network symbol on your card to determine if your credit card is contactless.
– In India, contactless payments are allowed for a maximum of ₹5000 for a single transaction without requiring a Credit Card PIN. For transactions equal to or higher than ₹5000, the cardholder must input their Credit Card PIN for security reasons.

Important Card Fees and Charges

Annual fee and annual fee offers

Annual feeAnnual fee offers
1st year joining fee₹1500Welcome offer worth ₹5000 : You receive 12,500 EDGE reward points worth ₹5000 , on your first card transaction. This first transaction needs to be done within 30 days of card issuance.
Renewal fee from 2nd year onwards₹1500Renewal fee offer : Annual fee is not charged from the second year onwards if you spend ₹2.50 lakhs or more in the previous year.
Rent and wallet transactions are not included towards reaching this annual spend target of ₹2.50 lakhs

Late payment fee

Late payment fee depends on the total payment due

Total bill amount dueLate payment charges
Less than ₹500Zero
Between ₹501 – ₹5000₹500
Between ₹5,001 – ₹10,000₹750
More than ₹10,001₹1,200

Foreign currency mark-up fee
3.50% of the transaction amount. This fee is charged when you use your card outside India.

Finance charges
3.60% per month

Important Note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – Axis Bank Privilege Credit Card Fees & Charges

Eligibility Criteria

Minimum income requirements₹6 lakhs per year
Minimum age18 years
Maximum age70 years
Occupation Salaried, self-employed
Minimum income requirementsNot specified
Credit scoreNot specified , preferably above 750
Residential status Resident of India

Application Process & Tracking Application Status

Step-by-step guide to applying for the card

Online application processThe easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the Axis Bank website. You can also visit official website of the bank and fill out the application form.

Steps :
– The bank’s website and mobile app offer a user-friendly interface that makes the application process quick and easy
– To apply, simply provide your personal details such as your mobile phone number, income, PAN number, along with the required documents 
– Review your application and click submit.
Await confirmation from Axis Bank regarding the status of your application.
Offline (face to face)  application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Approval timeline & tracking application status The credit card decision would be communicated within 21 working days, in most cases. In certain cases, it could take longer especially if the bank would want more information and/or documents from you

Please click here to track the status of your Axis Bank Credit Card application.

Necessary documents and verification

Required documents 
– PAN card photocopy or Form 60
– Colour photograph
– Income proof : Latest payslip/Form 16/IT return copy 
– Residence proof (any one of the following) : Passport , Ration Card, Electricity bill, Landline telephone bill
– Identity proof (any one of the following) : Passport, Driving license, PAN card, Aadhaar card

Please note that this list is only indicative. Documents required may vary on a case-to-case basis.

Conclusion

In conclusion, The Axis Bank Privilege Credit Card is a good choice for those who want to earn a decent reward rate on all their card spends – you can earn 2% reward rate on hitting annual card spend target of ₹2.50 lakhs. At ₹2.50 lakh annual card spend , you also get a card spend-based annual fee waiver. The card also offers complimentary airport lounge access in India – 2 times per quarter. You also get an attractive welcome offer worth 5000.

Apply Now

on Axis Bank website

Frequently Asked Questions

How can I apply for the Axis Bank Privilege Credit Card?

The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the Axis Bank website. You can also visit official website of the bank and fill out the application form.

How does the Axis Bank Privilege Credit Card’s rewards program work?

The Axis Bank Privilege Credit Card rewards program allows you to earn EDGE REWARD Points on your everyday purchases. These points can be accumulated and later redeemed for various options such as merchandise, gift vouchers, and more. You could earn upto 2% reward rate on your card spends.

Is the Axis Bank Privilege Credit Card equipped with contactless payment technology?

Yes, the Axis Bank Privilege Credit Card is contactless-enabled, allowing you to make quick and secure payments by simply tapping the card at enabled terminals. This feature enhances convenience and speeds up transactions.

Can I convert high-value purchases into easy monthly instalments?

Yes, the Axis Bank Privilege Credit Card offers the option to convert high-value purchases into convenient monthly instalments with attractive interest rates. This feature provides flexibility in managing expenses and helps you budget effectively. However it is best to pay off your card bill in full and only use this feature in case of emergencies.

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