Axis Bank Privilege Credit Card Review: The Axis Privilege Credit Card is known for its many benefits. It’s easy to activate and comes with special advantages as you use it more. One great perk is the access it provides to airport lounges, which is helpful for travelers. While there is a small fee of INR 1,500, those who keep an average balance of INR 2 Lakh can get the card without paying this fee.
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To, TransUnion CIBIL Limited [Formerly known as Credit Information Bureau (India) Limited] One Indiabulls building ,Unit No 1901 – 1905, 19th Floor, Tower 2A-2B, Jupiter Mill compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________ Address : ____________________________ Date : ____________________________
Your age should lie between 18 and 70 years. Add-on cardholders must be older than 18 years old
Your yearly net income should be at least INR 6 Lakhs
Indian citizenship
Are there Benefits?
The Axis Bank Privilege Credit Card is a straightforward card with respectable rewards rates and additional perks in some areas, including eating, travel, insurance, and many more. To fully comprehend the benefits of the card, please refer to the following details:
2 free lounge visits every quarter at select domestic airports.
Select restaurants that participate in the “Dining Delights” programme offer with INR 1,000 off.
You receive 12,500 EDGE reward points, which can be exchanged for Multi-brand vouchers worth INR 5,000, after making a purchase with the card within 30 days of issuance.
Exchange the EDGE points you earn on purchases worth INR 2.5 Lakhs for Multi-brand vouchers with a value twice as high.
You might receive up to 3,000 Axis EDGE Reward Points for each card renewal.
You get 10 points for every INR 200 you spend using the card. Both local and foreign transactions fall under this. A selection of goods is available for redemption of the acquired points.
You receive a remission of the fuel fee for fuel purchases made with cards that are between INR 400-4,000.
The EMV function on the Axis Bank Privilege Credit Card is built into the card’s design to guard against fraud.
Additionally, you have the choice of turning any transactions that total more than INR 2,500 into Equated Monthly Income (EMI).
Terms & Conditions You Should Know About
The Axis Bank Privilege Credit Card is a fantastic addition to your wallet, without question. There are, however, a few things to exercise caution with:
Even if you don’t use the card, you must pay a INR 1,500 yearly fee
There exist no reward points for fuel transactions.
No particular advantages in the domain of dining and entertainment.
Only after a purchase within 30 days of the card’s issue will you receive welcome incentives.
High-spending benchmark annually.
How do you get Axis Bank Privilege Credit Card?
You can apply for the Axis Bank Privilege Card offline or online. By going to your local bank office, filling out the physical application form, and sending the necessary paperwork, you may apply for this credit card offline. Several steps are listed below for applying online:
Go to https://www.axisbank.com.
Choose “Apply Credit Card” from the menu.
Select “Axis Bank Privilege Credit Card.”
By completing the formalities, apply for the card.
Conclusion
The cheap annual fee and liberal eligibility requirements of the Axis Bank Privilege Credit Card make it one of the most widely used credit cards on the market. So, if you find this Axis Bank Privilege Credit Card Review useful, Apply Now!
In addition to all of these advantages, using this card may help you save money since it provides many options, such as the waiver of the spend-based renewal fee, the waiver of the fuel surcharge, interesting reward incentives, etc. The Axis Bank Privilege Credit Card is a fantastic option for anybody looking for a credit card with such qualities because it offers so many perks in so many different areas.
Frequently Asked Questions On Axis Bank Privilege Credit Card
1. What is the credit card limit for the Axis Bank Privilege?
Depending on the applicant’s CIBIL score, the Axis Privilege credit card limit may range from 25,000 to 5 lakhs rupees. Once you’ve used your Axis Bank Privilege Card responsibly for a full year, you can ask for a rise in the credit limit.
2. What are the EDGE Reward Points' terms of validity?
After receiving the incentive, EDGE incentive Points are valid for three years. If you earned 250 points on June 30, 2022, for instance, they will be valid until June 30, 2025.
3. Does the Axis Bank Privilege Credit Card include a fee for mobile alert transactions and hot listings?
No fees are applied to the Axis Bank Privilege Credit Card’s mobile alert transaction or hot listing.
4. Who should get an Axis Bank Privilege Credit Card?
People who want a credit card with a strong rewards rate and a cheap annual fee may use the Axis Bank Privilege Credit Card. Consider applying for it if you utilise your card for most purchases and spend about Rs. 20,000 monthly.
5. I've got a credit card already. Can I get a Privilege Credit Card from Axis Bank?
The bank does let you have multiple credit cards. To apply for Axis Bank Privilege Credit Card, you must, however, fulfil the bank’s eligibility requirements. The bank likes to provide credit cards to applicants with strong credit (ideally a score of 750 or above). Additionally, to be eligible for this card, at least 18 years of age is required and, at most, 70 years old.
6. What is the Axis Bank Privilege Credit Card's available credit limit?
The bank evaluates your application before deciding on the Axis Bank Privilege Credit Card limit. Several variables determine your credit card limit, including your salary, credit score, payment history, etc. As a result, you won’t learn your credit limit until your application is approved.