Axis Bank Privilege Credit Card Review 2025: Official Benefits & Fees

The Axis Bank Privilege Credit Card is designed for urban, aspirational customers, offering a strong rewards structure on everyday spending, complemented by benefits in dining, entertainment, and domestic travel.

Axis Bank Privilege Credit Card – Comprehensive Overview

1. Key Highlights & Summary of Axis Bank Privilege Credit Card

Reward Rate: 10 EDGE Points per ₹200 spent (a 1% base reward rate).
Welcome Benefit: 12,500 EDGE Reward Points on fulfilling spend criteria.
Milestone Benefit: 10,000 EDGE Points on spending ₹2.5 lakh in an anniversary year.
Lounge Access: 2 complimentary domestic lounge visits per quarter, subject to a spend condition.
Dining & Entertainment: 15% discount at partner restaurants and Buy-One-Get-One on movie tickets.
Fee Waiver: Lifetime free for Axis Priority Banking customers. For others, the renewal fee is waived on an annual spend of ₹5 lakh.
Forex Markup: 3.5% on international transactions.

2. Fees & Charges for Axis Bank Privilege Credit Card

Fee Type	Amount	Waiver Condition
Joining Fee	₹1,500 + GST	Lifetime Free for Priority Banking customers.
Renewal Fee	₹1,500 + GST	Waived if total annual spend reaches ₹5 lakh.
Forex Markup Fee	3.5% of the transaction amount	Not waivable.
Cash Advance Fee	2.5% of amount withdrawn or ₹500, whichever is higher	–
Interest Rate	3.75% per month (45% per annum)	–

3. Rewards Structure

Earning Rate: 10 EDGE Reward Points for every ₹200 spent.
Excluded Categories: No points are earned on spends towards Fuel, Government Services, Utilities, Education, Wallet Loads, Insurance, Gold & Jewellery, and Rent Payments.
Redemption Value: 1 EDGE Point = ₹0.20 when redeemed against a variety of products, vouchers, and statement credit.
Point Transfer to Partners: Points can be transferred to airline and hotel partners at varying ratios:
- SpiceJet, AirAsia, and ITC: 5 EDGE Points = 1 Partner Point
- All Other Partners: 10 EDGE Points = 1 Partner Point

4. Benefits Breakdown

A. Welcome Benefit

Offer: 12,500 EDGE Reward Points (worth ₹2,500 at standard redemption).
Condition: Must be activated by making 3 transactions within the first 60 days of card issuance.

B. Milestone Benefit

Offer: 10,000 EDGE Reward Points (worth ₹2,000).
Condition: On spending ₹2.5 lakh in a card anniversary year.
Note: Spends on excluded categories (Fuel, Rent, Utilities, etc.) do not count towards this milestone.

C. Lounge Access

Benefit: 2 complimentary visits per calendar quarter to selected domestic airport lounges.
Condition: Access is granted only if a minimum spend of ₹50,000 is achieved in the previous quarter.

D. Dining & Entertainment

Dining: Get up to 15% discount (max ₹500 off) at over 4,000 partner restaurants via the Axis Bank Dining Delights program.
Movies: ‘Buy One Get One’ offer on movie tickets booked via the District by Zomato app. Save up to ₹250 per month (offer valid once a month).

E. Insurance & Protection

Purchase Protection: Cover up to ₹1 lakh.
Travel Insurance: Covers loss of travel documents (up to $300) and lost/delayed baggage (up to $500).
Credit Shield: Cover of ₹1 lakh.

F. Fuel Surcharge Waiver

Benefit: 1% surcharge waiver on fuel transactions between ₹400 and ₹4,000.
Cap: Maximum waiver is ₹400 per month.

5. Eligibility Criteria

Nationality: Must be a resident of India.
Age: Primary applicant must be between 18-70 years. Add-on cardholder must be at least 18 years old.
Income: Minimum annual income of ₹6 lakhs.

6. How to Apply

You can apply for the Axis Bank Privilege Credit Card:

Online: By clicking the “Apply Now” button on the bank’s website or partner financial sites.
Offline: By visiting an Axis Bank branch.

7. Review & Key Considerations

Pros:

Strong and straightforward 1% reward rate on general spends.
Valuable welcome and milestone benefits that effectively offset the annual fee.
Good dining and movie benefits for urban lifestyle spending.
Renewal fee waiver threshold of ₹5 lakh is achievable for regular users.

Cons & Limitations:

No International Lounge Access.
Domestic lounge access is conditional on quarterly spending.
A high 3.5% Forex Markup makes it an expensive card for international travel spending.
Significant spend categories (like Fuel, Rent, Utilities) are excluded from both reward points and milestone benefits.

Verdict: This card is best suited for individuals with a high domestic spend on shopping, dining, and entertainment who can leverage the reward points and lifestyle offers. It is not ideal for international travel due to the high forex fee and lack of international lounge access.

8. Frequently Asked Questions (FAQs)

1. What is the joining and annual fee for this card?

The joining and renewal fee is ₹1,500 + GST. However, it is lifetime free for Axis Priority Banking customers. For others, the renewal fee is waived if the annual spend reaches ₹5 lakh.

2. How much are the 12,500 welcome EDGE Reward Points worth?

When redeemed for vouchers or statement credit, 1 EDGE Point = ₹0.20. Therefore, 12,500 points have a standard value of ₹2,500.

3. How do I get the welcome benefit?

You must make 3 transactions within the first 60 days of card issuance to be eligible.

4. What is the reward point earning rate?

You earn 10 EDGE Points for every ₹200 spent (a 1% reward rate).

5. On what spends do I NOT earn reward points?

You do not earn points on transactions for Fuel, Government Services, Utilities (electricity, water bills), Education, Wallet Loads (like Paytm), Insurance, Gold & Jewellery, and Rent Payments.

6. How can I redeem my EDGE Reward Points?

Points can be redeemed for a variety of products, vouchers, or statement credit at a value of 1 Point = ₹0.20. They can also be transferred to airline and hotel partners.

7. Which airline partners can I transfer points to and at what ratio?

SpiceJet, AirAsia, and ITC: 5 EDGE Points = 1 Partner Point.
All Other Partners: 10 EDGE Points = 1 Partner Point.

8. What is the milestone benefit and how do I get it?

On spending ₹2.5 lakh in a card anniversary year, you get 10,000 EDGE Points (worth ₹2,000). Important: Spends on excluded categories (like Fuel, Rent) do not count towards this milestone.

9. How do I get free domestic lounge access?

You get 2 free visits per calendar quarter. However, this is activated only if you spend ₹50,000 or more in the previous quarter.

10. Does this card offer international lounge access?
* No, the Axis Bank Privilege Credit Card only provides access to domestic airport lounges.

11. What are the dining benefits?
* You get a 15% discount (up to ₹500 off) at over 4,000 partner restaurants through the Axis Bank Dining Delights program.

12. What is the movie ticket offer?
* You get a ‘Buy One Get One Free’ offer on movie tickets booked via the District by Zomato app. You can save up to ₹250 per month, and the offer is valid once per month.

13. What is the fuel surcharge waiver?
* You get a 1% waiver on fuel transactions between ₹400 and ₹4,000. The maximum waiver is capped at ₹400 per month.

14. What is the foreign currency markup fee?
* The forex markup fee is 3.5% on all international transactions, which is on the higher side.

15. What insurance benefits does this card provide?
* It includes:
* Purchase Protection: Up to ₹1 lakh.
* Travel Insurance: Covers loss of documents (up to $300) and lost/delayed baggage (up to $500).
* Credit Shield: Cover of ₹1 lakh.

16. What is the income eligibility requirement for this card?
* The primary applicant needs to have a minimum annual income of ₹6 lakhs.

17. How can I get the annual fee waived?
* The renewal fee is waived if your total annual spend reaches ₹5 lakhs in the card anniversary year.

18. Is this a good card for international travel?
* No, it is not ideal due to the high 3.5% forex markup fee and the lack of international lounge access. A card with a lower forex fee is better for international use.

19. Can I convert my reward points to air miles?
* Yes, you can transfer your EDGE Reward Points to frequent flyer programs of partner airlines like SpiceJet and AirAsia at the specified conversion ratios.

20. I am a Priority Banking customer. Is this card free for me?
* Yes, the card is Lifetime Free for Axis Bank Priority Banking customers. You will not be charged a joining or renewal fee.

Axis Bank Privilege Credit Card | Axis Bank Privilege Credit Card | Axis Bank Privilege Credit Card |