As compared to other popular rewards credit cards, such as SBI Card PRIME and HDFC Regalia Gold, where cardholders would get accelerated earning on only select categories, Axis Bank Privilege provides a good reward rate across all transactions. Moreover, there is no capping on reward earnings, so you can earn unlimited EDGE Reward points, depending on your spends. However, the redemption value of up to Rs. 0.20 per reward point is quite low because of which the value-back you earn through rewards sums up to be just 1%.
Axis Bank
Axis Bank Privilege Credit Card
Reward Points
Online Shopping
1st Year Fee: ₹1,500* Plus Applicable Taxes
Rewards
Uncapped reward points across card spends
Dining Offer
Up to Rs. 800 off on dining via EazyDiner
Lounge Access
Up to 8 free domestic lounge visits per year
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About Axis Privilege Credit Card
Axis Bank Privilege, unlike other rewards credit cards, extends rewards benefits to not just selected brands or categories, but across all domestic and international transactions. This rewards benefit is not restricted by any monthly capping either. Additionally, bonus EDGE Rewards as welcome and milestone benefits add to the overall savings you can earn through rewards. Redeemable against a variety of options, these EDGE Reward points, however, come with a low redemption value which might raise a concern for the cardholders. Though primarily focussed on rewards benefits, the card features also include dining discount offers and complimentary lounge access. Read on to know in detail about the features of this Axis Bank credit card.
Welcome Benefit & Rewards Program
Welcome Benefit
- 12,500 EDGE Reward points worth Rs. 2,500 on making the 1st spend within 30 days of card issuance and paying the joining fee1
Reward Earning
- Reward Rate: 10 EDGE Reward points for every Rs. 200 spent2
Reward Redemption
- Redemption Value: 1 EDGE Reward point = Up to Rs. 0.20
- Redemption Option: You can opt for redemption against the products/ vouchers available in the Axis EDGE Rewards Catalogue or points-to-mile conversion
Other Features and Benefits
In addition to rewards and welcome benefits, Axis Privilege offers more saving opportunities for the cardholders through milestone benefit, dining discount, lounge access and more.
- Milestone Benefit: Additional 10,000 EDGE Reward points worth Rs. 2,000 on reaching Rs. 2.5 lakh annual spends
- Lounge Access: 2 complimentary domestic lounge visits per quarter on spending min. Rs. 50,000 during the previous 3 months
- Dining Discount: Up to Rs. 800 off on dining bills at partner restaurants via EazyDiner under the Axis Bank Dining Delights program
- Fuel Benefit: 1% fuel surcharge waiver of up to Rs. 400 per month on fuel spends worth Rs. 400 to Rs. 4,000
Savings Calculator
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₹1,500 Plus Applicable Taxes
Waived off on annual spends of Rs. 5 Lakh₹1,500 Plus Applicable Taxes
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Fees and Charges
| Particulars | Amount | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 1,500 + Taxes (Nil for select channels) | ||||||||||
| Annual Fee | Rs. 1,500 + Taxes (Nil for select channels) | ||||||||||
| Finance Charges | 3.75% p.m. (55.55% p.a.) | ||||||||||
| Rewards Redemption Fee | Nil | ||||||||||
| Late Payment Charges |
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Things to Know Before you apply
Get this card if:
You want a card with uncapped reward benefits without any merchant restrictions
You do not mind a low rewards value-back rate of just 1%
You are satisfied with the card benefits primarily targeting domestic spends only
You can maximise your value-back by satisfying the spending condition for milestone bonus and lounge access
Similar Cards
SBI Card PRIME
HDFC Regalia Gold Credit Card
Axis Bank Rewards Credit Card
IDFC FIRST Select Credit Card
Paisabazaar Review
What do we like about this card?
Axis Privilege Credit Card comes with uncapped reward points on all card spends which can not only be redeemed against the reward catalogue but also be used for points-to-miles conversion. While this card is offered as a lifetime free card for select channels/ users, the paid card version comes with a joining bonus worth Rs. 1,000 more than the card fee, instead of merely matching the fee value. Additional reward points worth Rs. 2,000 as milestone bonus can be easily availed even by an average spender and the dining discount, along with free lounge visits, increase the overall value-back that this card offers.
Pros
- Unlimited reward points on card spends
- Welcome benefit is worth more than the joining fee
- 10,000 EDGE Reward points as milestone bonus with easily achievable spend-based condition
- Dining discount offered through EazyDiner
- Up to 8 free visits to domestic airport lounges every year
Cons
- Low reward redemption value
- Spending condition applicable on complimentary airport lounge access
- No significant benefits on international spends or any other lifestyle categories
Footnotes
- Not applicable on 1st year free or lifetime-free cards
- Spends made on fuel, rent, utilities, insurance, government and educational services will not accrue any EDGE Reward points
Click here to know More Terms and Conditions
Lepakshi Phogat
Lepakshi is a content writer specialising in personal finance and credit cards. She translates complex financial concepts into practical advice, helping readers make informed financial decisions. Whether it is helping them choose the right credit card or offering strategies to build their credit score, she writes to make personal finance less intimidating and more empowering.
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