The Axis Bank Privilege Credit Card is a premium rewards credit card from Axis Bank offering a suite of lifestyle and travel benefits. Cardholders enjoy complimentary domestic airport lounge access, a fuel surcharge waiver, and attractive reward points on eligible spends. The card provides milestone bonuses (10,000 eDGE points on annual spends of ₹2.5 lakh) and a welcome bonus of 12,500 eDGE points upon the first transaction. Currently, there are no joining or annual fees associated with this card. Tailored for frequent travelers and customers with significant spending, it aims to provide comprehensive perks and straightforward rewards. Additionally, it includes travel insurance and concierge support for enhanced protection and convenience.
Basic Card Details
Feature
Details
Bank
Axis Bank
Card Name
Privilege Credit Card
Card Type
Visa & Mastercard
Joining Fee
₹ 0 (First year free)
Annual Fee
₹ 0 (from 2nd year)
Welcome Benefit
12,500 Axis eDGE points (worth ₹2,500)
Reward Points
10 Axis eDGE points per ₹200 spent
Lounge Access
2 complimentary domestic lounge visits per quarter
Fuel Surcharge Waiver
1% on ₹400–₹4,000 fuel spends (up to ₹400 per month)
Extra Card Details
The Privilege card facilitates contactless (Tap & Pay) payments and is accepted globally. It includes complimentary insurance covers such as purchase protection (up to ₹1 lakh) and travel & baggage insurance. Add-on cards are offered without any joining or annual fees and also accumulate reward points. Cardholders can easily convert their purchases into EMIs through Axis Bank’s Quick EMI program and manage their card activities using the Axis Mobile App. Additional features include round-the-clock customer support, free instant SMS alerts for transactions, and secure online banking facilities.
Features & Benefits
Airport Lounge Access: Enjoy 2 complimentary domestic lounge visits each quarter, providing a comfortable travel experience. A spend of ₹50,000 in the preceding three months is required to avail this benefit.
Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at all petrol/diesel outlets, with a maximum benefit of ₹400 per month.
Reward Points: Earn 10 Axis eDGE points for every ₹200 spent on the card, which can be redeemed for a variety of travel and shopping vouchers.
Welcome Bonus: Receive 12,500 eDGE points (equivalent to ₹2,500) upon making your first transaction with the card after activation.
Milestone Bonus: Earn an additional 10,000 eDGE points when your total annual spending reaches ₹2.5 lakh.
Dining Discounts: Avail discounts of up to ₹800 at select restaurants through the Axis Bank Dining Delights program powered by EazyDiner.
Partner Offers: Benefit from deals such as 15% off on flights and hotels via Goibibo/MakeMyTrip and 10% off on Swiggy/Amazon Fresh on Wednesdays.
No Annual Fee: Currently, there are no joining or annual fees applicable to this credit card.
Rewards & Cashback
Axis eDGE Points: Earn 10 Axis eDGE points for every ₹200 spent on your card, both for domestic and international transactions. These points can be exchanged for various vouchers or converted into airline miles, subject to certain limits.
Points Exclusions: Please note that eDGE points are not awarded for spending on fuel, insurance premiums, rent payments, utility bills, and government-related transactions.
Effective Rate: Each eDGE point roughly holds a value of ₹0.20, making the welcome bonus of 12,500 points worth approximately ₹2,500.
Offer Discounts: Enjoy direct savings through discounts ranging from 10% to 15% on partner services like Amazon Fresh, Swiggy, and various travel platforms on specific days (e.g., Wednesdays).
Fees & Charges
Joining Fee: ₹ 0 (Currently waived).
Annual Fee: ₹ 0 (Currently waived).
Finance Charge: 3.75% per month on the outstanding balance (55.56% per annum).
Cash Advance Fee: 2.5% of the withdrawn amount, with a minimum charge of ₹500.
Part-Payment Fee: ₹175 for making a partial payment of the total amount due.
Late Payment Fee: ₹0 if the total payment due is less than ₹500; ₹500 for dues between ₹501 and ₹5,000; ₹750 for dues between ₹5,001 and ₹10,000; and ₹1,200 for dues exceeding ₹10,000.
Over Limit Fee: 2.5% of the amount exceeding the credit limit, with a minimum of ₹500.
Foreign Currency Transaction Fee: 3.5% of the transaction amount for international spends.
Please note that fees for services like mini-statements, hotlisting of the card, and balance inquiries are currently waived.
Eligibility Criteria
Age: The primary cardholder must be between 18 and 70 years of age. For add-on cardholders, the minimum age is 15 years.
Income: Salaried individuals must have a minimum annual income of ₹6 lakh. Self-employed individuals should have a comparable income.
Residency: Applicants must be residents of India or Non-Resident Indians (NRIs) as per Axis Bank's guidelines.
Credit Profile: A good credit history and full compliance with KYC (Know Your Customer) documentation are mandatory.
Required Documents
ID Proof: A copy of your PAN card or Form 60.
Address Proof: Any one of the following: Aadhaar card, Voter's ID, Driver’s License, Passport, or recent Utility Bills.
Income Proof: For salaried individuals: latest salary slip, Form 16. For self-employed individuals: Income Tax Return.
Card Apply Process
Online: Visit the official Axis Bank website, go to the Credit Cards section, select the Privilege Credit Card, and complete the online application form.
Offline: Visit any Axis Bank branch, obtain the application form, fill it out, and submit it along with all the necessary documents.
After submitting your application, you can track its status through the Axis Bank online portal. Upon approval, the credit card will be sent to your registered mailing address.
Usage Tips for Maximum Benefits
Prioritize using your card for routine expenses such as shopping, dining, and travel to maximize reward point accumulation. Be mindful of transactions that do not earn rewards (e.g., fuel, utilities, rent).
Ensure you meet the ₹50,000 spending threshold in each preceding quarter to be eligible for the two complimentary domestic lounge visits offered per quarter.
Strategically leverage partner offers, such as booking flights and hotels on Goibibo/MakeMyTrip or ordering on Swiggy/Amazon Fresh on Wednesdays to avail discounts up to 15% and 10%, respectively.
Redeem your 12,500 welcome points early to offset purchases worth ₹2,500. Aim to reach an annual spending of ₹2.5 lakh to unlock the additional 10,000 eDGE points milestone bonus.
Take advantage of the Axis Dining Delights program powered by EazyDiner to receive discounts of up to 25% on your dining bills at participating restaurants.
Similar Credit Cards
HDFC Regalia Credit Card: A premium card known for its travel benefits, including complimentary international lounge access and reward points on various spends.
SBI Card PRIME: Offers a good mix of domestic and international lounge visits, along with dining benefits and shopping vouchers.
ICICI Bank Sapphiro Credit Card: Provides complimentary domestic lounge access (4 visits per quarter) in addition to discounts on dining and fuel.
Pros: Offers a strong rewards program with 10 eDGE points for every ₹200 spent and significant bonus points upon joining and reaching spending milestones. Provides two complimentary domestic lounge visits per quarter. Currently, there are no joining or annual fees associated with the card.
Cons: Eligibility for lounge access requires a spend of ₹50,000 in the preceding quarter. Reward points are not earned on certain categories like rent, utilities, and insurance premiums. The threshold for annual fee waiver has been adjusted (currently no fee).
The Axis Bank Privilege Credit Card is generally regarded as a valuable option for those who travel frequently and have a good spending capacity to maximize its benefits. The combination of no annual fee, lounge access, and attractive bonus point offers makes it appealing. However, individuals who may not meet the quarterly spending criteria for lounge access or those who spend heavily on excluded categories might find other cards more suitable for their needs.
Disclaimer
Please be advised that the information provided above is for general informational purposes only and is based on the latest details available from Axis Bank at the time of writing. Terms, fees, benefits, and eligibility criteria are subject to change without prior notice. Users are strongly encouraged to visit the official Axis Bank website and review the specific credit card documentation for the most accurate and up-to-date information. This content should not be considered as financial advice.
This comprehensive guide helps you navigate India's credit card landscape with confidence. Learn how to choose the right card, understand fees and rewards, improve your credit score, and use credit cards wisely.
Accumulate points redeemable for free hotel stays, room upgrades, and other benefits.
Example: 10 points per ₹100, 5000 points = 1 free night
Maximizing Your Rewards
✓ Use the right card for each spending category (e.g., travel card for flights, cashback card for groceries)
✓ Take advantage of bonus categories that offer extra points/cashback
✓ Pay attention to reward caps and exclusions
✓ Combine cards to maximize different reward types
✓ Redeem points strategically for maximum value
✗ Avoid carrying balances as interest will negate rewards
Reward Calculator
Your estimated annual rewards: ₹0
Credit Card Fees & Charges
Understanding the various fees associated with credit cards helps avoid surprises and manage costs.
Common Credit Card Fees
Fee Type
Typical Charge
How to Avoid
Joining Fee
₹0-₹50,000
Look for lifetime free cards or first-year free offers
Annual Fee
₹0-₹50,000
Negotiate waiver, meet spend requirements, or downgrade
Interest Charges
24-49% p.a.
Pay full balance by due date every month
Late Payment Fee
₹100-₹1,000
Set up autopay or payment reminders
Cash Advance Fee
2.5-3.5% of amount
Avoid cash withdrawals on credit card
Foreign Transaction Fee
3-4% of transaction
Use cards with no forex markup for international spends
Fee Waiver Strategies
Annual fee waiver: Many banks waive fees if you spend a certain amount annually
Lifetime free cards: Several no-fee cards offer decent rewards
Negotiation: Call customer care to request fee waiver, especially if you're a good customer
Downgrade: Switch to a no-fee version of your card before annual fee is charged
Credit Card Eligibility Criteria
Each bank has specific requirements for approving credit cards based on income, credit score, and other factors.
General Eligibility Requirements
Income Requirements
Minimum annual income typically ranges from ₹1.5 lakh for basic cards to ₹18 lakh+ for premium cards.
Salaried vs self-employed may have different documentation requirements
Age Requirements
Most banks require applicants to be between 21-65 years old (18+ for student cards).
Some premium cards may have higher minimum age requirements
Credit Score
Generally need a score of 750+ for premium cards, 650+ for basic cards.
First-time applicants may get secured or low-limit cards
Employment Status
Salaried, self-employed, or students (with parental consent) can apply.
Some professions may get preferential treatment
Documents Required
Identity Proof: PAN card, Aadhaar, Passport, or Driver's License
Address Proof: Aadhaar, Utility bill, Rental agreement, or Passport
Income Proof: Salary slips (3-6 months), Bank statements, or IT returns
Photos: Usually 1-2 passport size photographs
Credit Card Application Process
Follow these steps to successfully apply for a credit card in India.
1
Check Your Eligibility
Review income, age, and credit score requirements
Compare cards that match your spending habits
Check if you're pre-approved for any cards (through net banking/apps)
2
Gather Required Documents
Identity proof (PAN card mandatory)
Address proof (not older than 3 months)
Income proof (salary slips/bank statements)
Passport size photographs
3
Choose Application Method
Online: Bank website, third-party aggregators
Offline: Bank branch, sales agents, or customer care
Pre-approved: Through existing banking relationship
4
Submit Application
Fill application form completely and accurately
Upload/attach required documents
Review terms and conditions carefully
Submit application and note reference number
5
Verification Process
Bank may call for verification
KYC may be done through video or in-person
Additional documents may be requested
6
Approval & Dispatch
Approval typically takes 3-7 working days
You'll receive SMS/email with approval details
Card is dispatched via courier (2-5 days)
7
Activation & First Use
Activate card via SMS, call, or net banking
Set PIN at ATM or through mobile banking
Make first transaction (some banks require this for activation)
Tips for Faster Approval
Apply with your primary bank where you have accounts/relationships
Ensure all information matches your official documents
Maintain a good credit score (750+)
Follow up politely if processing is delayed
Understanding Credit Scores
Your credit score is a crucial factor in credit card approvals and interest rates offered.
What is a Credit Score?
A 3-digit number (300-900) that represents your creditworthiness based on your credit history. In India, CIBIL is the most popular bureau, followed by Experian, Equifax, and CRIF High Mark.
750
300 (Poor)600 (Fair)750 (Good)900 (Excellent)
How Credit Scores Are Calculated
Payment History (35%): Timely payments boost score, late payments hurt
Credit Utilization (30%): Keep below 30% of total limit
Credit Age (15%): Longer credit history is better
Credit Mix (10%): Healthy mix of different credit types
New Credit (10%): Too many new applications can lower score
Improving Your Credit Score
Pay On Time
Set up autopay or reminders to never miss due dates.
Keep Utilization Low
Aim to use less than 30% of your total credit limit.
Limit New Applications
Space out credit applications by 6+ months.
Maintain Old Accounts
Don't close old credit cards as they help credit history length.
Be aware of these common credit card scams and protect yourself from fraud:
1. Phishing Calls/SMS
How it works: Scammers call/SMS pretending to be from your bank, asking for card details or OTP to "update records" or "unblock card".
Protection: Never share OTP, CVV, or PIN. Banks never ask for these details.
2. Fake Reward Points
How it works: You get messages saying you've earned reward points with a link to claim them, which is actually a phishing site.
Protection: Always check reward points through official bank apps/websites only.
3. Skimming Devices
How it works: Fraudsters install devices on ATMs/swipe machines to steal card data when you use them.
Protection: Use contactless payments or cover PIN pad when entering PIN. Check for tampering.
4. Fake Customer Care Numbers
How it works: Fraudsters list fake customer care numbers online that connect to them instead of the bank.
Protection: Always use customer care numbers from official bank cards/statements.
What to Do If Scammed
Immediately call bank's official customer care to block card
Change all online banking passwords
File complaint with bank and cyber crime police
Monitor statements for unauthorized transactions
Know the Credit Card Traps
These common traps can lead to debt if you're not careful:
1. Minimum Payment Trap
Paying only the minimum amount due (typically 5% of balance) leads to high interest charges that keep growing.
Solution: Always pay full balance by due date.
2. Reward Points Obsession
Spending more just to earn rewards often costs more than the rewards' value.
Solution: Use card for planned purchases only.
3. EMI Conversion Offers
Converting purchases to EMIs seems convenient but often has hidden charges and higher effective interest.
Solution: Read all terms before converting to EMI.
4. Free Credit Period Misunderstanding
Many think all purchases get 50-day interest-free period, but cash advances and some transactions don't qualify.
Solution: Understand your billing cycle and due dates.
5. Annual Fee Waiver Conditions
Some cards waive fees only if you spend a certain amount, which may tempt you to overspend.
Solution: Choose no-fee cards or negotiate waivers.
Think Before Spending
Responsible credit card use requires mindful spending habits:
Questions to Ask Before Every Purchase
Do I really need this or just want it?
Can I pay the full amount when the bill comes?
Is this purchase within my monthly budget?
Am I buying this just to earn reward points?
Would I buy this if I had to pay cash right now?
Smart Spending Strategies
Budget First
Set a monthly spending limit for your card based on your income and expenses.
Track Regularly
Check your spending weekly using bank apps to stay on track.
Use Alerts
Enable SMS/email alerts for all transactions to monitor spending.
Separate Needs/Wants
Use different cards for essential vs discretionary spending.
The 30-Day Rule
For non-essential purchases over ₹5,000, wait 30 days. If you still want/need it after 30 days, then buy it.
How You Can Make Money Through Credit Cards
Smart credit card use can actually help you earn money if done responsibly:
1. Sign-up Bonuses
Many cards offer cash bonuses or reward points when you spend a certain amount in the first few months.
Example: Spend ₹50,000 in first 3 months and get ₹5,000 cashback.
2. Reward Arbitrage
Use cards that give more points for specific categories and redeem for maximum value.
Example: Use travel card for flight bookings to earn miles worth more than cashback.
3. Referral Programs
Earn money by referring friends to apply for cards through your referral link.
Example: Some banks pay ₹1,000-5,000 per successful referral.
4. Reselling Gift Cards
Buy discounted gift cards using reward points and resell them for cash.
Note: Check bank policies as some prohibit this.
5. Flipping Products
Buy products during card-specific sales (with additional discounts) and resell.
Example: Buy electronics during 10% cashback offers and sell at 5% profit.
Important Warning
These methods require discipline. Never spend just to earn rewards or you'll lose more than you gain.
Always pay full balance on time to avoid interest charges that negate earnings.
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List of All Credit Cards Available in India
Discover a comprehensive list of credit cards available in India, featuring card names, issuers, types, and links for more information. Whether you're seeking cashback, travel rewards, or lifestyle benefits, find the ideal card to match your financial goals.
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Information Accuracy: The information provided regarding credit cards, including features, fees, rewards, and eligibility criteria, is for general informational purposes only. While we strive to keep the information up-to-date and accurate, credit card terms and conditions are subject to change by issuers without prior notice. We do not guarantee the absolute accuracy, completeness, or timeliness of the information presented.
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