Axis Bank Burgundy World Debit Card Review

By | May 10, 2017

In the world of credit cards, we seldom use our debit cards. And why not? Credit cards have obvious advantages when it comes to making payments and enjoying interest free period and what not. But there are a few Debit cards that real take the game to a new level and can help people earn and benefit from them if used intelligently.

One of such top of the line Debit cards is the IndusInd Exclusive Signature Debit Card that we have already seen in past. Another such Debit Card that comes with enormous luxury and status symbol is the Burgundy World Debit Card by Axis Bank.

Axis Bank Burgundy World Debit Card

Now, let me make one thing clear. This card is only for HNW individuals who have a Burgundy account (AQB- Rs.10Lakh in savings bank and above). You cannot get this card even by paying any fees. This card is given complimentary to Primary and Joint Holders of a Burgundy account, FREE of cost.

Benefits of the Axis Burgundy Debit Card

  • Issuance/annual fees: Nil
  • Comes with an ATM withdrawal of ₹2 Lakh/day and ₹6 lakh/day spend on PoS terminals or Online purchases.
  • Bookmyshow offer: Upto 4 tickets in a month free when two or Moore tickets are bought. 1 ticket will be free out of the 2 purchased. Max of value of free ticket will be ₹350.
  • Fuel surcharge: will be fully waived off up to ₹750/month at ALL petrol pumps. Now this is unique because these days a lot of banks are only reversing 1% fuel surcharge. So this is good for the user.
  • Airport Lounge Access: It is there in all lounges offered by the Master Card Lounge access program in India.
  • Edge loyalty reward points: 2/₹200 spent on domestic purchase and 6/₹200 spent internationally either online or on foreign visits. However, they’ll charge you 3.5% as mark up fees. I’ll not advise using this card for foreign currency purchases, for that check out some of the best credit cards with low foreign currency markup fees.
  • Reward Point Value: ₹0.20. So, that is really less if you consider the way the card is projected by Axis Bank. Effectively, you earn 2 RP/₹200 so it comes down to only 0.20% which is very less.
  • Minimum 15% off on dining from partner restaurants which can be obtained from dining delights website.
  • Insurance cover: Personal accidental insurance of  ₹15 Lakh.  Air Accident insurance of ₹1 crore. Lost card liability and Purchase protection of ₹6 Lakh
  • International Cash Withdrawal/Balance Enquiry: Nil
  • Foreign Currency Markup Fee: 3.5%
  • Reward Rate: 0.20%
  • Cardexpert Rating: 3.5/5

Verdict

There is NO EXTRA benefit of this card over the high end credit cards except free International cash withdrawal. However, since this is offered to all Burgundy Customers for free so it won’t hurt to keep the card anyway. The card has a good limit for purchase protection and has a good purchase limit too. However the edge loyalty points are lousy for such a top of the line Card.

We sincerely hope that Axis bank improves their reward earning programs as these Edge Loyalty points are a joke to say the least. It’ll take ages to earn enough points to book even an economy ticket with reward rate of just 0.20% on a top end debit card. Where as cards like IndusInd Exclusive Signature debit card can let you earn all the way upto 2.5% in a month, that too they allow those points to be redeemed as cash credit!!!

Feel free to to comment on whether this card is up to your expectations from such a high end savings account? Doesn’t Axisbank love its customers? Do you have any good or bad experiences with Axisbank Debit or credit cards? Feel free to share it with us.

Author: Abhishek Roy

Abhishek is a Doctor by profession and is passionate about Technology and Photography. He pursues his hobbies during the little free time he gets and likes to make the most out of it. He has special interest in Credit/Debit Cards, Reward Points, Air Miles and Travel Hacks.

16 thoughts on “Axis Bank Burgundy World Debit Card Review

  1. Kapil Khurana

    Duh! What a sham of a premium card. Btw, do you think free international cash withdrawal / balance enquiry is a privilege? Almost all credit & debit cards which offer international acceptance have it free.

    Reply
    1. Siddharth

      AFAIK, Most debit cards has Cash withdrawal charges in international ATM’s.
      So its just one of the difference, but yes not a major privilege for which one would opt for this card.

      Reply
    2. Abhishek Roy Post author

      I think you’ve got it all wrong man. Almost no debit card in India allows international ATM withdrawals for free. Only one I know off apart from Burgundy is IndusInd Signature. No credit card in India apart from HDFC Infinia allows cash advance for free. Not domestic, not international.

      Reply
    3. Kapil Khurana

      Yes i correct myself here. Not credit cards definitely. But I hold debit cards from Kotak (signature) and DBS (regular). Both charge mark up, but no separate withdrawal fee. Never tried any other debit cards (i hold hdfc platinum, sbi etc) though.

      Reply
    1. Siddharth

      They’ve silently changed it from 0.035% to 3.5% recently (as reported by one of the burgundy card holder)

      Reply
      1. Techie09

        That’s rather odd as in the nice looking welcome box package that I received this week with my card, it still shows it as 0.035%! Will have to get clarification this for sure as that is quite a hike if it is indeed the case.

        Reply
        1. Abhishek Roy Post author

          Yeah, do get it confirmed man. The documents that are sent in package are usually old. The information that is updated on the website is more recent. So do clear this confusion.

          Reply
  2. Ritesh

    Reward points of Axis bank card sucks big time.Spend over 20 L in last 1 year and accumulated only 1lakh50k points which is just 30k rupee.Really,they need to do something about the reward point redemption.

    Reply
    1. Abhishek Roy Post author

      That is still good as you got almost 1.5%. Axis bank is even worse than that. Cenrtainly there are hundreds of cards that are better. 🙂

      Reply
  3. babhishek

    its not 10 lacs AQB , its more like 30 lacs, or have they changed the conditions?

    Reply
    1. Abhishek Roy Post author

      No, nothing has changed since I last saw it 1-2 years back. The AQB is as was earlier at ₹10L. What you are talking about is that, if you can’t maintain, AQB, then you need to have a net relationship value of over ₹30Lakh.

      Reply
  4. Nikhil Goel

    Hey guys Axis bank is giving 10% off capped at Rs. 2500 per quarter on online spends on their Priority Debit Card. What is your take on this? Seems like a better card compared to burgundy debit card to me.

    Reply
  5. Vaibhav D

    Hey ,
    I have just received Axis Priority debit card. Bank manger asking me to update to Burgundy card.
    Is there any extra benefits , if I change ?
    Please suggest !

    Reply

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