Axis Bank Privilege Credit Card: Everything You Should Know

Axis Bank is one of the finest banks in India. It currently offers a variety of credit cards, but the Axis Bank Privilege Credit Card is one of the best credit cards from the bank. It is mainly benefiting for the people who are keen travellers and like to spend a lot of money while travelling or in general. When you sign-up for the card, you are eligible for a joining bonus of 12,500 eDGE points. The bonus will be credited into your account only when you complete the full payment for the joining and make at least three-card transactions in the first 60 days of you being assigned the card. For holding the card, you will need to pay a joining fee of Rs 1,500 to the bank.

Axis Bank Privilege Credit Card Lifestyle Benefits

You must know about the Axis Bank Privilege Credit Card lifestyle benefits. After you sign-up for the card, you will be eligible to get two complimentary access per quarter to airport lounges at selected domestic airports by the bank. Then you will also get the ‘Extraordinary Benefits’ which are offered by the bank on weekends. If you love eating outside, you will get a 20% discount at select restaurants if you pay your bill with the Axis Bank Privilege Credit Card. You will also be eligible for comprehensive insurance of up to Rs 2.5 crore.

Axis Bank Privilege Credit Card Features and Benefits

When your eDGE points which you receive when you make transactions with the card cross 2.5 lakh points, you can convert these points into Yatra vouchers which will be worth twice the amount you are converting. Every time you renew your card and membership, you will earn 3000 eDGE points. Coming to the rewards point system, you will receive 10 points for every Rs 200 that you spend with the card. It will apply to both domestic and international transactions that you make. You can redeem these points in exchange for exciting products. You will also get a waiver of Rs 400 maximum on fuel transactions in a month. Your card is protected with the EMV technology, so you don’t have to worry about its security. An interesting thing about this card is that you have the facility of converting any transaction exceeding Rs 2,500 into EMI’s so that you can pay back the money to the bank very conveniently.

Eligibility For Axis Bank Privilege Credit Card

To be able to apply for this card, you must be between 18 and 70 years in age. If you want to become an add-on cardholder, your age must be above 18 as well. Your minimum net income should be more than Rs 6 lakh in a year. Also, you must be a resident of India to get this card. The documents which you will need to provide when you are applying for this card are – your income proof, identity proof and residential proof. Failing to provide any of the documentation mentioned above can disqualify you from getting the card successfully. Also, you should know that there will be a 2.5% charge per month on every purchase which you make. There are also cash withdrawal charges of 2.5% and the minimum amount that can be withdrawn from the ATM is Rs 250. There will be a Rs 100 fee on every cash transaction. If you lose the card, you will be issued a new one without any charge. There are also charges levied on late payments. If the late fee is for due up to Rs 2000, you will be charged Rs 300; for dues up to Rs 5,000, you will be charged Rs 400, and anything above Rs 5,000 will cost you Rs 600.