Axis Bank Privilege Credit Card Review – Benefits & Features

Discover the benefits and features of the Axis Bank Privilege Credit Card in our comprehensive review. This card is designed for individuals with an active lifestyle and a penchant for travel, dining, and premium experiences. Below, we break down the card’s fees, rewards, benefits, and eligibility criteria to help you decide if it’s the right fit for your financial goals.

Card Fees & Charges

Joining Fee:
• ₹1,500 + GST (Free for Priority Banking Customers)

Renewal Fee:
• ₹1,500 + GST

Spend-based Renewal Fee Waiver:
• Fee waived on spends of ₹5 lakhs in the preceding card anniversary year.

Welcome Benefits

Kickstart your journey with the following welcome benefits:

• Reward Points: Earn 12,500 EDGE Reward Points (worth Rs. 2,500 in multi-brand vouchers) upon payment of the joining fee.

• Usage Requirement: At least one transaction must be made within 30 days of card issuance.

• Note: Priority Banking customers are not eligible for welcome benefits.

Milestone Benefits

Boost your rewards with milestone achievements:

• Annual Reward: Earn 10,000 EDGE Reward Points (worth Rs. 2,000) on annual spends of Rs. 2.5 lakhs.

• Eligibility: Both Primary and Add-on card transactions count toward milestone achievement.

• Exclusions: Transactions in the following categories are not eligible:

  • Government Services

  • Utilities

  • Gold/Jewelry

  • Rent

  • Wallet Transactions

  • Insurance

  • Fuel

  • Educational Services

Dining and Lounge Benefits

Dining Delights

• Discount Offer: Enjoy up to a 20% discount (maximum Rs. 800) at partner restaurants through the Axis Bank Dining Delights program.

Lounge Access

• Complimentary Access: Receive 2 complimentary domestic lounge accesses per quarter with a spend of ₹50,000 in the previous 3 months.

• Lounge Network: Lounge List: Axis Bank Mastercard Lounge Access

Annual Benefits

Enhance your card experience with additional annual benefits:

• Fee Waiver: Get a fee waiver of Rs. 1500 on spending Rs. 5 lakhs in the preceding card anniversary year.

• Fuel Surcharge Waiver:
  • Enjoy a 1% waiver at all fuel stations for transactions between Rs. 400 and Rs. 4,000 (up to a maximum of Rs. 400 per billing cycle).

Rewards Program

The card’s rewards program is designed to add value to every transaction:

• Earning Points: Earn 10 EDGE Reward Points for every ₹200 spent on both domestic and international transactions.

• Exclusions: No reward points on transactions related to:

  • Fuel

  • Government services

  • Utilities

  • Education

  • Wallet transactions

  • Insurance

  • Gold purchases

• EMI Transactions: Note that transactions converted to EMI will incur a deduction of EDGE Reward Points, which will not be refunded if the EMI is later canceled.

Miles Transfer Program

Expand the utility of your reward points with the miles transfer program, segmented into two groups:

Group A (Max Transfer: 1 Lakh EDGE Points/Year)

• Hotels:

  • Accor (Accor Live Limitless)

  • Marriott International (Bonvoy)

• Airlines:

  • Air France-KLM (Flying Blue)

  • Air Canada (Aeroplan)

  • Air India (Flying Returns)

  • Ethiopian Airlines

  • Etihad Airways (Etihad Guest)

  • Japan Airlines (JAL Mileage Bank)

  • Qantas Airways (Frequent Flyer)

  • Qatar Airways

  • Singapore Airlines (KrisFlyer)

  • Turkish Airlines

  • United Airlines (MileagePlus)

Group B (Max Transfer: 4 Lakh EDGE Points/Year)

• Hotels:

  • ITC Hotels

  • IHG Hotels & Resorts

  • Wyndham Hotels & Resorts

• Airlines:

  • Air Asia

  • SpiceJet

  • Thai Airways (Royal Orchid Plus)

  • Vistara (TATA SIA Airlines Ltd)

Rewards Redemption

Redeem your hard-earned EDGE Reward Points easily:

• Catalog Redemption: Points can be redeemed for products, vouchers, and services via the Axis Bank EDGE REWARDS catalog.

• Redemption Value:
  • 1 EDGE Reward Point = ₹0.20

Other Benefits

Enhance your everyday spending with these extra perks:

Wednesday Delight Offers

• Instant Discounts:

  • Up to 15% off on flights and hotels via Goibibo & MakeMyTrip.

  • 10% off on orders via Swiggy & Amazon Fresh.

  • 10% off (up to Rs. 1,000) on Tira.

Insurance Benefits

Secure your financial journey with built-in insurance coverages:

• Purchase Protection: ₹1 lakh

• Loss of Travel Documents: Up to US $300

• Loss of Check-in Baggage: Up to US $500

• Credit Shield: ₹1 lakh

• Delay of Check-in Baggage: Up to US $300

Eligibility Criteria

Before applying, ensure you meet the following requirements:

• Residency: Must be an Indian resident.

• Age Requirement:

  • Primary Cardholder: 18 - 70 years.

  • Add-on Cardholder: Minimum 18 years.

• Income Requirement: Minimum annual income of Rs. 6 lakhs.

Final Thoughts

The Axis Bank Privilege Credit Card is a robust option for those who frequently indulge in travel and lifestyle spending. With its attractive rewards system, milestone benefits, exclusive lounge access, and added conveniences like dining discounts and insurance coverages, the card offers significant value. However, potential applicants should be mindful of the high annual spend requirement for fee waivers and the limited reward eligibility in certain spending categories before making their decision.

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