Axis Bank Privilege Credit Card Review
Last Updated : Oct. 20, 2023, 12:44 p.m.
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.
Who Can Apply?
You must meet the mentioned requirements to apply for the Axis Bank Privilege Credit Card .
- 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.