Axis Bank Privilege Credit Card
Joining Fee: ₹1,500 + GST
Renewal Fee: ₹1,500 + GST
Reward Type: Reward Points
Welcome Benefits
Welcome Offer: 12,500 EDGE Reward Points redeemable for multi-brand vouchers worth ₹2,500. To qualify, make 3 transactions within the first 60 days of card issuance.
Milestone Benefits
Annual Spending Reward: Earn 10,000 EDGE Reward Points (worth ₹2,000) on spending ₹2.5 lakhs in a card anniversary year. Note: Multi-brand vouchers have been discontinued.
EDGE Reward Points Earning
Rewards Rate: Earn 10 EDGE Reward Points per ₹200 spent on domestic and international transactions.
Non-Earning Categories: No points earned on fuel, government services, utilities, education, wallet reloads, insurance, and gold purchases.
Rewards Redemption
Redemption Rate: 1 EDGE Reward Point = ₹0.20. Redeem points for a wide range of products in the Axis Bank EDGE Rewards catalog.
Travel Benefits
Domestic Lounge Access: 2 complimentary visits per calendar quarter to selected domestic airport lounges.
Dining Benefits
Dining Delights: Up to 20% discount at over 4,000 partner restaurants through Axis Bank Dining Delights.
Insurance Benefits
Purchase Protection: ₹1 lakh
Loss of Travel Documents: Up to US $300
Lost/Delayed Baggage: Up to US $500
Credit Shield: ₹1 lakh
Other Benefits
Renewal Bonus: Earn 3,000 EDGE Reward Points annually upon renewal.
Joining & Renewal Fee Waiver: Renewal fee waived on spending over ₹5 lakhs in the anniversary year.
Fuel Surcharge Waiver
Fuel Transactions: 1% surcharge waiver on transactions between ₹400 and ₹4,000. Maximum waiver of ₹400 per month.
Summary
The Axis Bank Privilege Credit Card offers a welcome benefit of 12,500 EDGE Reward Points (₹2,500) for making 3 transactions in the first 60 days. Annually, spend ₹2.5 lakhs to earn 10,000 EDGE Reward Points (₹2,000). Earn 10 EDGE Reward Points per ₹200 spent, with no points on fuel, utilities, or other specified categories. Redeem points at ₹0.20 each for a range of products. Enjoy 2 domestic lounge visits per quarter, up to 20% off at 4,000+ partner restaurants, and strong insurance coverage. Renewal rewards include 3,000 EDGE Reward Points and a fee waiver with ₹5 lakhs annual spend. The 1% fuel surcharge waiver is a nice bonus. Overall, it’s a well-rounded card for earning and redeeming rewards.