About Credit Card
Axis Bank Privilege Credit Card is a mid-premium rewards card focused on shopping/travel vouchers and lounge access.
Key features in points
Welcome benefit: 12,500 EDGE Reward Points on activation, redeemable for vouchers (Axis advertises shopping or travel vouchers worth around Rs. 5,000 in some variants/structures; platforms differ in exact mapping).
Milestone benefit: 10,000 EDGE Reward Points on spending Rs. 2.5 lakh in an anniversary year.
Rewards earning: 10 EDGE Reward Points per Rs. 200 spent (domestic and international, with usual exclusions like fuel, rent, utilities, etc.).
Reward value: Points can be redeemed for catalogue items or multi-brand vouchers; typical value is up to about 0.20–0.40 rupee per point depending on redemption (roughly 1–2% reward rate when optimized).
Lounge access: 2 complimentary domestic airport lounge visits per quarter (up to 8 per year), subject to minimum spend in the previous 3 months (spend criteria waived for new card’s first few months).
Dining: Up to 20% discount at 4,000+ partner restaurants under Axis Dining Delights.
Fuel surcharge waiver: 1% fuel surcharge waiver at fuel stations in India (subject to caps and conditions).
Annual fee: Typically around Rs. 1,500 plus taxes, with annual fee waiver/reversal on achieving high annual spends (earlier Rs. 2.5 lakh; some sources mention Rs. 5 lakh as revised criteria, so current structure can vary by issuance date/variant).
Additional protections: Air accident cover (around Rs. 2.5 crore), purchase protection (around Rs. 1 lakh), and credit shield (around Rs. 1 lakh), per current product docs.
Axis ecosystem perks: Can be combined with Axis’s accelerated-earning platforms like Grab Deals/Gift Edge to get higher effective rewards on partner merchants.