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Axis Bank

Axis Bank Privilege Credit Card

Axis Bank Privilege Credit Card was launched in the year 2019 by Axis Bank. Get every detail from this blog. Apply online with Roopya.

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Axis Bank Privilege Credit Card was launched in the year 2019 by Axis Bank. This credit card is aimed for those who want to enjoy their daily life without putting any stress on their budget. Its features are very different from other credit cards by the Axis bank. You not only get reward points, shopping or travel vouchers, cash transaction, etc. To know more about the various benefits, you have to read further below-

Features of Axis Bank Privilege Credit Card

Axis Bank Privilege Credit Card offers premium privileges such as retail, dining, travel, online shopping, and so on. Here are the attractive features of Axis Bank Privilege Credit Card-

Edge Reward Points

With the Axis Bank Credit Card, you achieve edge reward points on different purchases. On every transaction of Rs. 200, you get 10 reward points.

You get this benefit for both international and domestic transactions. Then you can use these earned edge reward points as per your needs.

Activation Benefit

Activation Benefit is one of the features that Axis Bank Privilege Credit Card users enjoy when they avail of this card.

  • If you make 3 transactions within 60 days of issuing the card, then you enjoy the Activation Benefit. You get 12,500 edge reward points.
  • You can redeem these points with Yatra Vouchers on Rs. 5,000 on card activation.

EMI Conversion

The Axis Bank Privilege Credit card also gives an option to convert the reward points into your EMIs.

  • For, this, you can simply contact with the Axis Bank officials or visit the nearest branch in your location.
  • Transactions made of at least Rs. 2500 or above are converted into EMIs.

Insurance Benefits

The Privilege Credit Card also gives insurance covers to users. It covers various benefits to ensure that you and your family remain protected.

  • With the Axis Bank Privilege Credit Card, you get an insurance cover for air accident of Rs. 2.5 Crore.
  • Along with that you will also receive lost card liability of Rs. 3 lakhs.
  • The Axis Bank Credit Card also provides insurance of Rs. 1 lakh for purchase protection.

Extraordinary Weekends

If you are thinking of spending your vacations and gain benefits, then Axis Bank Privilege Credit Card offers that too.

  • You can do various transactions and gain reward points and gain benefits on weekends.

Renewal Benefits

You have to renew your card every year. Along with that, you also get renewal benefits that you can enjoy. You get up to 3000 edge reward points on your Axis Bank Privilege Credit Card.

Fuel Surcharge Waiver

There is a various credit card that offers a waiver on fuel transactions. Under the banner privilege credit card, you will enjoy waiver on fuel transactions between Rs.400 to Rs. 4000.

  • The maximum waiver with the Credit card banner privilege is Rs. 400 every month.

Milestone Benefits

The privilege credit card banner also offers milestone benefits just like the other credit cards by Axis Bank.

  • With the milestone benefits, you get edge reward points if you make any transaction of Rs. 2.5 lakhs.
  • You can easily convert these points into Yatra vouchers to get various benefits.

Security of Card

To protect your card from any theft or fraudulent transactions, the cards are loaded with the EMV feature. It is designed efficiently so that you can protect your card from any misuse.

Complimentary Access

The credit card banner privilege of Axis bank offers complimentary benefits to access the lounges at domestic airports. This feature is available at selected airports throughout the country.

Visit: Compare Credit Cards Benefits

Eligibility Criteria of Axis Bank Privilege Credit Card

To obtain Axis Bank Privilege Credit Card, you should have eligibility. These are some eligibility criteria that you must have-

Age

The age of the applicants should be at least 18 years of age. Also, the maximum age limit to apply for the Axis Bank Privilege Credit Card is 70 years.

Income

If want to become a cardholder of Axis Bank Privilege Credit Card, then your income should be at least Rs. 6 lakhs yearly.

Citizenship

The applicant should be a resident of India. Also, NRI (Non-Resident of India) can apply for the Card.

These above-mentioned criteria can be changed according to the changing regulation with time.

Add On Cardholder

The minimum age of Add on Cardholder for Axis Bank Privilege Credit Card is 15 years and above.

Important Documents Required to Apply For Card

If you want to apply for Privilege Credit Card of Axis Bank, then you need to submit these documents mentioned below-

Resident Proof

  • Passport
  • Electricity Bill
  • Telephone Bill
  • Ration Card

Identity Proof

  • PAN Card photocopy
  • Adhaar Card
  • Driving License
  • Recent Passport Sized coloured photograph

Income Proof

  • Salary slip of the past recent months
  • Form 60
  • Adhaar Card

Other Major Benefits With Card Banner Privilege Credit

If you want a credit card with unlimited benefits then Privilege Credit Card has all of it. Along with the above-mentioned benefits, there are other exciting offers which you can enjoy-

Partner Restaurants

You will enjoy a benefit of around 20% on various selected restaurants. You can of avail this benefit under ‘Dining Delights.’ Now, you can enjoy delicious meals at various partner restaurants all over India.

Credit Shield

With the insurance benefits, you also get a credit shield with your Privilege Credit Card. You will receive a credit shield of Rs. 1 Lakhs.

Annual Fee Waiver

The Privilege Credit card also gives annual benefits to its users. On spending Rs. 2.5 lakh or above in a year, you will receive an annual waiver benefit that adds up in the following year.

Shopping Benefits

Along with other benefits, the Privilege Credit Card provides unlimited shopping travel benefits. You get reward points of 1%-3% points along with travel vouchers worth Rs. 5,000.

Steps to Apply for Axis Bank Privilege Card

The Axis Bank Credit Card offers various travel benefits shopping features. To apply for the card you can visit the Axis Bank Branch or even apply through the online process. You need to visit Axis Bank country website connect for the further process.

  • Then click o Apply Now option.
  • A dialog box will appear asking that if you are an existing customer of Axis bank.
  • Then you will have to fill in your personal details such as name, address, phone number, PAN, etc.
  • Click on Next
  • Then you have to upload your required documents
  • After that, the bank will call you within 24 hours.

By following these steps you can successfully enjoy best deals among a diverse range of products and services.

Charges and Fees of Axis Bank Privilege Credit Card

These are the following charges and fees that you need to pay accordingly. If you fail to pay your credit card dues, then you will have to pay a penalty fee. Know more about that in detail, read the below information-

Card Issuance or Joining Fees

After applying for Axis Bank Privilege Credit Card, you will have to pay a joining fee of Rs. 1500. However, our priority customers, do not need to pay the joining fee.

Annual Fees

If you have spent Rs. 4 lakhs in the current year with the Privilege Credit card, then you don’t have to pay the annual fee. in the upcoming year. However, the annual fee for the credit card is Rs. 1500 that begins from the 2nd year of card membership.

Purchase Rate

You have to pay 2.69% on every transaction you make through the Privilege Card.

Charges for Cash Withdrawal

You can easily withdraw cash with the Axis Bank Privilege Credit Card. The minimum amount for cash withdrawal is Rs. 250. The charge for cash withdrawal is 2.5% on the amount of cash transaction.

Cash Transaction Fee

The Axis Bank Privilege Credit Card charges Rs. 100 for transaction for cash.

Late Payment Fine
  • As it is mentioned above, that is you fail to pay your credit card bills, then you will have to pay the fine for late payment. There are various charges for late payment depending on the amount. These are the charges for different amount categories-
  • If payment due to up to Rs. 2000- Rs. 300.
  • If payment due around Rs. 2001- Rs. 5000- Rs. 400.
  • If payment due around Rs. 5001 and above- Rs. 600.
Foreign Currency Transaction Fee

You can also use Axis Bank Privilege Credit card for any kind o transaction in foreign currency. The Axis Bank charges at the rate of 3.50% as foreign transaction charges.

Fuel Surcharge

If you use Axis Bank Credit Card, then you will get a fuel surcharge of 1% on the total amount.

Cheque Bounce Charges

Axis Bank charges Rs. 300 as dishonor fee for any cheque bounce.

Over limit Charges

The minimum amount for over limit charges is Rs. 500. You have to pay 3% of your total exceeding amount for the transaction on your credit card.

Know about: Axis Bank Ace Credit Card

Frequently Asked Questions about Axis Bank Privilege Credit Card

What is the benefit of the Axis Bank Privilege Credit Card?

There are various benefits that you get through Axis Bank Privilege Card. You get travel vouchers, edge rewards, surcharge on monthly fuel spends, annual spends, renewal benefits and many more.

How to contact with Axis Bank for any queries.

You can visit any branch of Axis Bank if you have any complaints or other purposes. Axis Bank is always ready to help you anytime. For contact, you can call on the toll-free number 1-860-500- 5555 or 1-260-419-5555. You can also visit the Axis Bank Country Website and lodge a complaint there or card setup.

What is the credit limit of Axis Bank Privilege Credit Card?

The credit limit is decided by the Axis Bank. It differs on a case to case basis such as annual income, employment, credit history, and many more.

What to do if my Axis Bank Privilege Credit Card gets stolen?

It may happen that your cards get lost. So, you should immediately inform Axis Bank by visiting the nearest branch or call on the customer care number. You can also report your problem through online mode.

What is the service tax of fuel surcharge waiver with Privilege Credit Card?

The Axis Bank Privilege Credit Card gives a fuel surcharge waiver on transactions between Rs. 400 and Rs. 4000. You will get the maximum waiver of up to Rs. every month. Also, the service tax on the fuel spends is non-refundable. Also, you will not receive reward points on fuel spends.

What is the age limit of the primary cardholder to apply for an Axis Bank Credit Card?

The age limit for the primary cardholder is between 18 to 70 years.

Is there any dining benefit on the Axis Bank Privilege Credit Card?

The Axis Bank Credit Card offers dining benefits. So you can enjoy delicious foods at around 4000 restaurants across India.

What are the documents required for Baggage Loss?

You need to inform the bank immediately when you discover the Baggage Loss. Here are the steps you need to follow to apply for the Baggage Loss-

  • You need to write a letter to the Axis Bank.
  • Submit the boarding pass of the applicant or cardholder
  • Original Bill of the items that were lost
  • You also need to submit a declaration from the bank from the respective Airline company.
  • Then you need to submit a “No Compensation” certificate by the Airline company.

Which Credit Card is best in Axis Bank?

Axis Bank offers various credit cards for different purposes. The Privilege Card is best if you love to travel and shopping. You get travel vouchers worth Rs. 5000 with other benefits such as you can convert earned edge points into EMIs, and many more. Along with that, there is a renewal benefit that Axis Bank also offers to the customers. You can simply apply for the Privilege Credit card online and enjoy different benefits.

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