The Axis Bank Privilege Credit Card intends to provide unique travel and shopping experiences. It is a mid-level and the best credit card for many in the Indian market. The card is free for a lifetime for priority customers, and others have to pay a joining fee. Furthermore, you get specialised travel and dining benefits, including free access to airport lounges and exclusive discounts on dining. The travel privileges of the Axis Bank Privilege Credit Card are similar to the Axis Magnus Credit card, which also provides great discounts and offers on travel. Want to know more about the Axis Bank Privilege Credit Card? Let’s delve into the exclusive benefits, features and reviews that the card provides.
Exclusive Benefits and Features of the Axis Bank Privilege Credit Card
So, what exclusive benefits and features does the Axis Bank Privilege Credit Card provide? The Axis Bank Privilege Credit Card is a basic but the best credit card that offers a modest rewards rate and perks across various categories like insurance, travel, dining, etc. Some exclusive features and benefits of the Axis Bank Privilege Credit Card are as follows:
Multi-Brand Coupons on Activation
The Axis Bank Privilege Credit Card provides 12.500 EDGE Reward points, which you can redeem against coupons from numerous brands worth 5000 Indian rupees. It applies to the joining fee payment and completing three transactions of Rs. 200 minimum within sixty days. Nonetheless, the priority customers of Axis Bank can reap 6250 EDGE Reward points. If you are a priority banking customer, you can redeem the points against vouchers from multiple brands worth Rs. 2500 after completing three transactions of Rs.200 within 90 days.
After paying the Rs.1500 joining fee, you will get exclusive vouchers from brands like Myntra, Lifestyle, Pizza Hut, Levi’s, The Body Shop, etc. The Axis Bank Privilege Credit Card can benefit you as a shopaholic.
The Axis Bank Privilege Credit Card offers complimentary lounge access to domestic airports. You can enjoy two complimentary lounge access per quarter. Although the card provides good travel benefits and is among the best credit cards in Axis Bank, the lounge access feature might be a drawback for this card compared to other cards. For instance, the Axis Magnus Credit Card offers unlimited lounge visits in domestic and international airports, with eight yearly visits. However, with the Axis Privilege Credit Card, you can access only domestic lounges with yearly visits.
Spending Milestone Benefits
On spending Rs.2.5 lakh yearly, you can convert your EDGE reward points into multi-brand coupons worth twice the value. Expenses on the add-on and primary cards are eligible for these advantages. Additionally, when you pay your renewal fee, you can earn 3000 EDGE reward points and yearly fee reversal benefits.
Noteworthy Rewards Program
You can earn Axis EDGE reward points with more than 500 rewards, transactions, and offers to redeem the earned points. The card offers ten reward points for each Rs.200 you spend on domestic and international transactions. The reward rate offered with the Rs.1500 yearly fee is meritorious. If you consider the Axis Magnus Credit Card, the reward rate is the highest among the premium cards. Apart from earning regular rewards, it offers 25000 eDGE reward points on achieving Rs. 1 lakh monthly spends. You can earn ten reward points for every Rs. 200 spent using the Axis Bank Privilege Credit Card.
Fuel and Other Exclusive Benefits
You can save on dining and save up to 20% at more than 400 partner restaurants under the Dining Delights Program. If you spend more than Rs.2500, you can convert your purchases into EMIs. The Axis Bank Privilege Credit Card offers a 1% fuel surcharge waiver between Rs. 400 to Rs.4000 transactions. You can avail of the waiver at all petrol stations in India. It is ideal if your monthly fuel requirements are low. Apart from all the benefits, the Axis Bank Privilege Credit Card provides insurance benefits. It provides a purchase protection cover of up to Rs.1 lakh. If you talk about the Axis Magnus Credit Card offers a purchase protection cover of Rs. 2 lakhs. However, both are in the race for the best credit card in Axis Bank and the Indian market.
Should You Opt for the Credit Card?
The Axis Bank Privilege Credit Card is perfect if you are searching for a credit card with a good rewards rate and low yearly fees. After considering the exclusive benefits of reward points and coupons, the total reward rate becomes 3%. Premium credit cards with high yearly fees offer such reward rates. A good example of such a credit card is the Axis Magnus Credit Card which offers great benefits with Rs.10.000 yearly fees. If your monthly expenses are Rs.20,000 and you want to make the most of your transactions, consider opting for the card.
The Axis Bank Privilege Credit Card is popular because of its low yearly charges and relaxing eligibility criteria. It provides great dining and travel benefits, which give you luxurious experiences like the Axis Magnus Credit Card. It provides numerous saving opportunities like fuel surtax waivers, reward offers, etc. Although the Axis Bank Privilege Credit Card offers benefits across several categories, it is the best credit card for travel and dining benefits. It is an ideal credit card if you love travelling and shopping. You can opt for other Axis Bank credit cards if you want great lifestyle and entertainment benefits.
- What is the use of the Axis Bank Privilege Credit Card?
The Axis Bank Privilege Credit Card falls under the premium category, which provides unique shopping and travel perks as welcome bonuses. It also comprises an exclusive milestone program in which you can convert your Axis EDGE reward points to get shopping or travel coupons worth two times the value.
- What should be your net yearly income to get the Axis Bank Privilege Credit Card?
If you want to send an application to Axis Bank for the Privilege Credit Card, your net yearly income should be six lakhs Indian rupees or more.
- Does the Axis Bank Privilege Credit Card provide access to lounges, and what is the joining fee?
Yes, the Axis Bank Privilege Credit Card provides two free domestic lounge access per quarter, meaning eight yearly. You will pay a joining fee of Rs.1500 to get the card.