Axis Bank Privilege Credit Card
Fees
₹1,500 + Taxes
Joining & AnnualReward Rate
10 EDGE reward points per ₹200 spent on retail purchases
Welcome Bonus
₹5,000 multi-brand shopping vouchers on achieving ₹2.5 Lakh annual spend milestone
Lounge Access
8 Domestic/yr (2/Qtr)
FindMyCard Expert Take
The Axis Bank Privilege Credit Card offers 10 EDGE reward points per ₹200, ₹5,000 multi-brand shopping vouchers, and airport lounge access.
Pros & Cons
Key Advantages
- 10 EDGE reward points per ₹200 spent on all retail transactions
- Double reward points (20 EDGE points per ₹200) on domestic & international travel
- ₹5,000 worth of shopping vouchers on card activation & milestone completion
- 2 complimentary domestic airport lounge access visits per quarter
- Annual fee waiver on ₹2.5 Lakh annual spends
Limitations
- ₹1,500 annual fee charged upfront
- Standard reward point value for cash credit is ₹0.20 per point
- Lounge access subject to quarterly spend criteria
Editorial Verdict
The Axis Bank Privilege Credit Card is ideally suited for lifestyle shopping & multi-brand rewards. If you want 10 edge reward points per ₹200 spent on retail purchases, this card delivers real value. The ₹1,500 + taxes is easily offset by the card's perks if you use it regularly. You'll generally need Good (730+) credit to be approved.
Key Perks & Spending Milestones
10 EDGE reward points per ₹200 spent on retail purchases
20 EDGE reward points per ₹200 spent on travel transactions
2 complimentary domestic airport lounge access visits per calendar quarter
Multi-brand shopping vouchers worth ₹5,000 on achieving spend milestones
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000
Up to 50 days of interest-free credit period
🚀 Milestone Spends Timeline
Multi-brand gift vouchers worth ₹5,000 on annual retail spends of ₹2.5 Lakh
Annual fee waived on retail spends of ₹2.5 Lakh in a membership year
Fees & Charging Rates
Annual Fee Waivers
₹1,500 + Taxes
💡 Annual fee waived on ₹2.5 Lakh annual retail spends
Regular Interest Charges
3.6% per month (43.2% per annum)
📅 Late Payment Fee Penalty Tiers
| Outstanding Balance Amount | Late Payment Fee Penalty |
|---|---|
| up to 500 | Nil |
| 501 to 1000 | ₹500 |
| 1001 to 5000 | ₹750 |
| 5001 to 10000 | ₹1,000 |
| 10001 to 25000 | ₹1,200 |
| 25001 to 50000 | ₹1,200 |
| above 50000 | ₹1,200 |
Insurance & Protection Benefits
air accident cover
Up to ₹2.5 Crore
lost card liability
Up to ₹3 Lakh
purchase protection
Up to ₹50,000
emergency medical cover
Nil
Eligibility Criteria
salaried minimum income
₹50,000 per month
self employed ITR
₹6 Lakh per annum
age
21 to 70 years
Compare Axis Bank Privilege Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| Axis Bank Privilege Credit Card This Card | ₹1,500 + Taxes | 10 EDGE reward points per ₹200 spent on retail purchases | 8 Domestic/yr (2/Qtr) | 4.3/5 |
| Tata Neu Infinity SBI Card | ₹1,499 + Taxes | 5% NeuCoins on Tata Neu App/Website + partner brands, up to 10% on... | 2 Domestic/Qtr (₹75K Spend) + 4 Int'l/yr | 4.7/5 |
| American Express Membership Rewards® Credit Card | ₹1,000 + Taxes | 1 Membership Rewards Point per ₹50 spent (excl. fuel, utility,... | No Lounge Access | 4.6/5 |
| IDFC FIRST Business Multiplier Credit Card | ₹2,999 + Taxes | 10 Reward Points per ₹200 spent, up to ₹1 Lakh monthly spend; 5... | 8/yr Domestic + International (₹20K Spend) | 4.6/5 |