Looking for a premium credit card that balances lifestyle benefits and rewards? The Axis Bank Privilege Credit Card offers travel perks, reward points, and welcome benefits that make it a strong contender in the mid-premium credit card category. Here’s everything you need to know about this card, including how to get it lifetime free.
Key Highlights of Axis Bank Privilege Credit Card
- Welcome benefit of 12,500 EDGE reward points (worth ₹2,500)
- Complimentary domestic airport lounge access
- Dining offers via the Axis Dining Delights program
- Reward points on every spend
- Comprehensive travel and purchase insurance
- Option to get the card lifetime free with Axis Priority Banking
Welcome & Milestone Benefits
Welcome Offer: You get 12,500 EDGE Reward Points after making your first transaction within 30 days of card issuance. These points can be redeemed for vouchers worth ₹2,500.
Milestone Bonus: Spend ₹2.5 lakh in a year and receive 10,000 bonus EDGE Reward Points (worth ₹2,000), redeemable across multiple categories.
Reward Points Structure
- Earn 10 EDGE Reward Points for every ₹200 spent on all eligible domestic and international transactions.
- Points can be redeemed for shopping, travel, or lifestyle vouchers through the Axis EDGE Rewards platform.
- No reward points on rent payments, insurance premiums, fuel, utility bills, government payments, or education-related transactions.
Travel & Lifestyle Benefits
Airport Lounge Access: 2 complimentary domestic lounge visits per calendar quarter, provided you’ve spent ₹50,000 in the previous 3 months.
Dining Delights: Discounts up to 20% at partner restaurants under the Axis Dining Delights program.
Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400 and ₹4,000, capped at ₹400 per statement cycle.
Insurance Coverage
- Purchase Protection: Covers damage or theft of new items up to ₹1 lakh.
- Credit Shield: ₹1 lakh protection in case of accidental death or permanent disability.
- Travel Insurance:
- Lost travel documents: up to $300
- Baggage delay: up to $300
- Baggage loss: up to $500
Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹1,500 + GST (waived for Priority Banking customers) |
| Annual Fee | ₹1,500 + GST (waived on ₹5 lakh annual spend) |
| Finance Charges | 3.6% per month (approx. 52.86% annually) |
| Late Fee | ₹500 to ₹1,200 depending on outstanding balance |
Lifetime Free Option
Axis Bank Privilege Credit Card can be availed as lifetime free if you are an Axis Priority Banking customer. This makes the card highly attractive for high-net-worth individuals or salaried professionals who qualify for Priority Banking services.
Eligibility Criteria
- Age: 18 to 70 years
- Minimum annual income: ₹6 lakh
- Must be a resident of India
- Required Documents:
- PAN Card or Form 60
- Latest salary slip or ITR/Form 16
- Address proof (Aadhaar, utility bill, etc.)
Pros and Cons
Pros:
- Strong welcome and milestone rewards
- Lounge access and lifestyle perks
- Option to make it lifetime free
- Generous reward redemption options
Cons:
- No international lounge access
- Reward exclusions on common spend categories
- Lounge access conditional on spend
Final Verdict
The Axis Bank Privilege Credit Card is well-suited for individuals who want rewards, lounge access, and lifestyle benefits in a single package. For Axis Priority customers, it becomes an even better deal as the card can be enjoyed lifetime free. However, those looking for higher international travel benefits might want to explore other premium options.
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