Axis Bank Privilege Credit Card

Key Features & Benefits

The Axis Bank Privilege Credit Card stands out with its attractive reward structure and travel benefits. You earn 10 EDGE Reward Points for every ₹200 spent, giving you a solid 1% return on all retail purchases. The real value kicks in with the welcome bonus of 12,500 EDGE Points (worth ₹2,500) that you receive simply by paying the joining fee and making your first purchase within 30 days. Additionally, spend ₹2.5 lakh in your card anniversary year and you’ll earn another 10,000 EDGE Points worth ₹2,000, bringing your total annual rewards to ₹4,500—more than triple your annual fee.

For travelers, this card offers 8 complimentary domestic airport lounge visits annually (2 per quarter) at select airports across India. After the first three months, you’ll need to spend ₹50,000 in the prior quarter to maintain access, which is reasonable for regular card users. The card also provides fuel surcharge waivers up to ₹400 per month on transactions between ₹400 and ₹4,000, helping you save on everyday expenses.

Insurance coverage is another major highlight, with personal accident and air accident coverage up to ₹2.5 crore, plus zero lost card liability once reported. You’ll also enjoy dining benefits with up to 25% off at partner restaurants, 100% discount (up to ₹200) on your second movie ticket via the District app, and various instant discounts on platforms like Swiggy. For Axis Priority banking customers, the card becomes even more attractive as it’s offered lifetime free with no joining or annual fees.

All You Need to Know About: Axis Bank Privilege Credit Card

The Axis Bank Privilege Credit Card is a well-designed premium credit card offered by Axis Bank Limited on both Visa and Mastercard networks. This card is positioned as an ideal choice for individuals seeking a balance between rewards, travel benefits, and comprehensive insurance coverage. With a joining fee and annual fee of ₹1,500 plus 18% GST each, the card becomes lifetime free for Axis Priority banking customers, making it exceptionally attractive for existing customers of the bank. The annual fee can also be waived by spending ₹2,50,000 or more during the card anniversary year, which is achievable for most regular card users.

The reward structure of the Axis Bank Privilege Credit Card offers steady returns with 10 EDGE Reward Points for every ₹200 spent on retail purchases, translating to a 1% reward rate where each EDGE Point is valued at ₹0.20. New cardholders receive an attractive welcome benefit of 12,500 EDGE Points worth ₹2,500 in vouchers upon paying the joining fee and making their first purchase within 30 days. The milestone rewards are particularly appealing—spend ₹2.5 lakh in your card anniversary year and earn an additional 10,000 EDGE Points worth ₹2,000. Combined, these benefits can yield up to ₹4,500 in rewards annually, significantly exceeding the annual fee and providing genuine value to active cardholders.

Travel benefits are a key highlight of this card. You receive 2 complimentary domestic airport lounge visits per calendar quarter across select airports in India, totaling 8 visits annually. The lounge access is exclusively for the primary cardholder and requires minimum spending of ₹50,000 in the previous three months, though this requirement is waived during the first three months for new cardholders. The card also includes fuel surcharge waivers of up to ₹400 per month on transactions between ₹400 and ₹4,000, helping you save on regular fuel expenses. Insurance coverage is comprehensive with personal accident and air accident protection up to ₹2.5 crore, along with zero lost card liability once reported to the bank.

Additional lifestyle benefits make everyday spending more rewarding. Cardholders enjoy up to 25% discounts at partner restaurants, making dining out more affordable. Movie lovers can get 100% discount up to ₹200 on their second ticket when booking through the District app. The card also offers ongoing instant discounts on platforms like Swiggy and various partner events and OTT bundles. Interest rates range from 3.40% to 3.75% per month (approximately 40.8% to 45% per annum) on outstanding balances, and foreign currency transactions carry a 3.5% markup. The typical credit limit ranges from ₹60,000 to ₹5 lakh or higher depending on your credit profile. Applications are processed within 5 to 10 business days from complete document submission through the official website at https://www.axisbank.com/credit-card/axis-bank-privilege-credit-card.

Pros & Cons

How to Apply

Applying for the Axis Bank Privilege Credit Card is straightforward and can be completed online in minutes. Visit the official Axis Bank website at https://www.axisbank.com/credit-card/axis-bank-privilege-credit-card and click on the “Apply Now” button. Fill in your personal details including name, contact information, employment status, and annual income. You’ll need to provide supporting documents such as identity proof, address proof, and income proof (salary slips or ITR for self-employed). Submit your application online and the bank will verify your details. Once approved, your card will be delivered to your registered address within 5 to 10 business days. Existing Axis Priority banking customers can also apply through their relationship manager for faster processing and lifetime free benefits.

Detailed Fee Structure

The Axis Bank Privilege Credit Card comes with a joining fee of ₹1,500 plus 18% GST (total ₹1,770), and an annual renewal fee of ₹1,500 plus 18% GST from the second year onward. However, if you’re an Axis Priority banking customer, you can enjoy this card lifetime free with zero joining and annual fees. The annual fee can be reversed if you spend ₹2,50,000 or more during your card anniversary year, making it effectively free for regular users. Add-on cards are completely free with no joining or annual charges.

Beyond the basic fees, be aware of additional charges. Cash withdrawals attract a fee of up to 2.5% of the transaction amount or ₹500, whichever is higher. Foreign currency transactions carry a 3.5% markup on the transaction value. Late payment charges and over-limit fees apply as per standard banking norms. Reward redemption may involve processing fees depending on the redemption method chosen. The fuel surcharge waiver is capped at ₹400 per month on transactions between ₹400 and ₹4,000. Interest on outstanding balances ranges from 3.40% to 3.75% per month (approximately 40.8% to 45% per annum), so it’s advisable to pay your bills in full to avoid these charges.

Who Should Get This Card?

The Axis Bank Privilege Credit Card is ideal for moderate to frequent travelers who value complimentary airport lounge access and comprehensive travel insurance. If you spend around ₹20,000 to ₹25,000 monthly on your credit card, you’ll easily meet the annual spending threshold of ₹2.5 lakh to earn milestone rewards and get your annual fee waived. Movie enthusiasts will appreciate the discount offers on ticket bookings, while regular diners can benefit from partner restaurant discounts up to 25%.

This card particularly suits Axis Priority banking customers who get it lifetime free, making it an excellent no-brainer addition to their wallet. However, if you’re looking for high reward rates on specific categories like fuel or online shopping, or need international lounge access, you might want to explore other premium cards. The Axis Bank Privilege Credit Card works best for those seeking a balanced mix of rewards, travel perks, and insurance coverage without paying excessive annual fees.

Alternatives & Competitor Comparison

Feature	Axis Bank Privilege Credit Card	Axis Bank My Wings Credit Card
Card Image
Card Network	Mastercard, Visa	Mastercard, Visa
USP	The Axis Bank Privilege Credit Card delivers generous milestone rewards up to ₹4,500 annually, complimentary domestic airport lounge access, and comprehensive insurance coverage up to ₹2.5 crore, making it perfect for frequent travelers and shoppers seeking premium benefits without excessive annual fees.	The Axis Bank My Wings Credit Card delivers comprehensive travel rewards with 2 free domestic flight tickets, up to ₹10,000 in vouchers, and cashback on flights, trains, buses, and hotels—perfect for budget-conscious travelers seeking multi-transport benefits at an affordable annual fee.
Annual Fee	1500 Plus GST	500 Plus GST
Joining Fee	1500 Plus GST	1200 Plus GST
Welcome Benefits	12,500 EDGE reward points worth ₹2,500 in vouchers upon payment of joining fee and spending within 30 days	2 complimentary base fare domestic flight tickets via Ezeego1, plus hotel and holiday vouchers worth up to ₹10,000
Lounge Access	Domestic: 2 per quarter On spends of ₹50,000+ in the last 3 months (waived for first 3 months for new cardholders)	Domestic: 1 per quarter On spends of ₹50,000+ in the last 3 calendar months
Reward Rate	Earn 10 EDGE reward points per ₹200 spent (1% reward rate, where 1 EDGE Point = ₹0.20). milestone reward of 10,000 EDGE points (worth ₹2,000) on spending ₹2.5 lakh in card anniversary year.	Earn 4 EDGE reward points per ₹200 spent (approximately 0.4% reward rate, as each EDGE Point is worth ₹0.20)
Interest Rate	3.40% to 3.75% per month (40.8% to 45% per annum)	3.40% to 3.75% per month (43.2% to 49.96% per annum)
Best For	N/A	Flight Bookings
Apply Now	Apply Now	Apply Now

Frequently Asked Questions