Axis Bank Privilege Credit Card

Welcome Benefit 

12,500 EDGE REWARD points 

1. Awarded after payment of the joining fee and completion of the first transaction within 30 days.  

1. The points are worth roughly Rs.2,500.  

1. They can be redeemed for vouchers across lifestyle, shopping and travel categories.  

1. This benefit is available only once at the time of card activation and encourages early card usage. 

Milestone Benefit 

10,000 EDGE REWARD points 

1. Granted when total spends reach Rs.2.5 lakhs in a card anniversary year.  

1. Points are valued at approximately Rs.2,000. Only eligible retail transactions count towards the milestone. 

1. The milestone resets every renewal year, enabling consistent annual reward accumulation. 

Airport Lounge Access 

Two complimentary domestic lounge visits per calendar quarter 

1. Available only to eligible cardholders meeting Axis Bank’s lounge eligibility criteria.  

1. Access is limited to domestic lounges that participate in the programme. 

1. Unused quarterly visits do not carry forward.  

1. Benefits apply only when the card is swiped at the lounge access desk. 

Dining Privileges 

Dining Delights offers at partner restaurants 

1. Cardholders receive curated savings at participating restaurants across India.  

1. Offers vary by partner but typically include percentage discounts or special privileges.  

1. The benefit requires paying the bill using the Privilege Credit Card. Offers may change periodically and are subject to partner availability. 

Fuel Benefits 

Fuel surcharge waiver on eligible transactions 

1. The waiver applies only within permitted transaction limits and valid merchant category codes.  

1. Not all fuel pumps may accept surcharge-free transactions.  

1. Taxes or additional network charges may still apply.  

1. This benefit is useful for regular commuters making routine fuel purchases. 

Purchase Protection 

Protection cover on eligible purchases 

1. Provides coverage up to a defined limit for items bought using the card. 

1. Applies to select accidental or damage scenarios according to the card’s protection terms.  

1. Invoice retention may be required during claims. 

Note: Not all product categories may qualify

Reward Earning Rate 

10 EDGE REWARD points per Rs. 200 spent 

1. Applies to eligible retail transactions across categories such as dining, travel, entertainment, and shopping. 

1. Transactions like fuel, cash advances, and EMI conversions are excluded. 

1. Points are added after settlement of transactions and accumulate continuously throughout the year. 

Reward Redemption Options 

Over five hundred redemption choices 

1. Points may be redeemed for vouchers, merchandise, travel bookings, accessories, lifestyle products, and more.  

1. Redemption values vary depending on the chosen item. 

1. Some redemptions may require minimum point thresholds.  

1. The catalogue may be updated from time to time with new options. 

Lifestyle Coverage 

Wide category applicability 

1. Works seamlessly for dining, entertainment, travel, shopping and everyday retail expenses.  

1. The card is designed to function as a premium mid-tier lifestyle card, offering both day-to-day utility and travel comfort benefits.  

1. Eligibility for some benefits may depend on monthly or quarterly spending patterns. 

Spend Linked Advantages 

Additional value unlocked through spend milestones 

1. Milestone rewards, protection features and fee-related advantages depend on meeting card-specific spending conditions.  

1. Only eligible retail transactions count toward such milestones.  

1. Benefits reset at each card anniversary, allowing continuous yearly optimisation. 

Travel and Purchase Insurance 

Baggage delay, loss of documents and purchase protection coverage 

1. Provides safety during travel by covering events like delayed baggage or lost travel documents.  

1. It also covers eligible purchases against certain incidents.  

1. Claims must comply with documentation and timelines specified by the insurer.  

1. Not all travel scenarios may qualify. 

High Value Welcome Rewards 

Immediate value on new card activation 

1. The welcome reward of 12,500 points offers quick redemption potential early in the card tenure. 

1. These points may be used for premium vouchers and lifestyle redemptions.  

1. The benefit is available only once per primary cardholder. 

Annual Milestone Rewards 

Additional yearly reward boost 

1. Enables structured reward progression for users who engage heavily with the card. 

1. Encourages disciplined card spending across the year to unlock higher value. 

1. Benefits renew annually and are not carried forward if the milestone is not met. 

Everyday Reward Accumulation 

Points earned on routine purchases 

1. Applies to everyday retail spending such as groceries, dining, travel, entertainment, and online shopping. 

1. Helps cardholders grow points over time.  

1. Exclusions include fuel, EMI conversions, cash withdrawals, and certain merchant categories. 

Flexible Redemption 

Points redeemable for flights, hotels, vouchers and more 

1. Offers customisable redemption pathways. 

1. Users can choose between travel benefits, merchandise, experiences, or e-vouchers.  

1. Redemption may require logging into the rewards portal.  

1. Point values fluctuate depending on the selected reward. 

Extensive Reward Options 

More than 500 choices across categories 

1. The wide catalogue ensures options for all types of users including shoppers, travellers, and lifestyle enthusiasts.  

1. New items may be introduced, and older items phased out periodically. 

1. Some high-value items may require larger point balances.

Standard Joining Fee 

Rs.1,500 payable at the time of card issuance 

Standard Annual Fee (from 2nd year onwards) 

Rs.1,500 payable annually for card renewal 

Finance Charges (Retail Purchases & Cash) 

3.75% per month (55.55% per annum) applied on outstanding balances if payment is not made in full by the due date 

Overdue Penalty / Late Payment Fee 

1. Nil if Total Payment Due less than Rs.500 

1. Rs.500 if Rs.501 to 5,000 

1. Rs.750 if Rs.5,001 to 10,000 

1. Rs.1,200 if it is more than Rs.10,000 

1. Additional Rs.100 if Minimum Amount Due (MAD) is missed for two consecutive cycles; continues until MAD is cleared 

Over Limit Penalty 

2.5% of the overlimit amount (minimum Rs.500) if card usage exceeds the assigned credit limit 

Cash Withdrawal Fees 

2.5% of cash amount withdrawn (minimum Rs.500 per transaction) 

Fee for Cash Payment 

Rs.175 per cash payment transaction 

Foreign Currency Transaction Fee 

3.5% of transaction value applied on all international transactions 

Dynamic Currency Conversion (DCC) Markup Fee 

1.5% of each international transaction in Indian currency, plus applicable taxes. Not applicable for Burgundy Private Card 

Reward Redemption Fee 

Applicable. Charges may apply when redeeming reward points 

Card Replacement 

Nil. Replacement of lost or damaged cards is free of charge 

Standard Add-on Card Joining Fee 

Nil. No joining fee for supplementary/add-on cards 

Standard Add-on Card Annual Fee 

Nil. Annual fees waived for all add-on cards 

Surcharge on Railway Ticket Purchases / Cancellations 

As per IRCTC / Indian Railways regulations 

Fuel Transaction Surcharge 

1% of transaction amount. Refunded if transaction value is between Rs.400 – Rs.4,000 

Wallet Load Transaction Fee 

1% on cumulative wallet loads of Rs.10,000 or more per statement cycle 

Fuel Transaction Fee 

1% on cumulative fuel spends of Rs.50,000 or more per statement cycle 

Education Transaction Fee 

1% on payments made for education via third-party apps or portals 

Utility Transaction Fee 

1% on cumulative spends of Rs.25,000 or more on utility payments per statement cycle 

Online Skill-Based Gaming Transaction Fee 

1% on cumulative spends of Rs.10,000 or more on skill-based gaming platforms per statement cycle 

Rent Surcharge Fee* 

1% on each rental transaction. GST applicable. Transactions identified via Merchant Category Code 6513. Effective from 20-12-2024 

Cheque Return / Dishonour / Auto-Debit Reversal Fee 

2% of the payment amount (minimum Rs.500) applicable in case of cheque bounce, dishonour, or failed auto-debit transactions 

Duplicate Statement Fee 

Waived. No charge for requesting a duplicate statement 

Charge Slip Retrieval / Copy Request Fee 

Waived. No fee for requesting transaction slips or statements 

Outstation Cheque Fee 

Waived. No fee for outstation cheques presented for payment 

Mobile Alerts for Transactions 

Waived. No charge for SMS/email alerts on card activity 

Hotlisting Charges 

Waived. No fee for card blocking in case of loss or theft 

Balance Enquiry Charges 

Waived. No fee for checking card balance at ATMs or online 

Goods and Services Tax (GST) 

As notified by Government of India, GST is applicable on all fees, finance charges, and other applicable charges. GST rates may be revised by the government from time to time