Axis Bank Privilege Credit Card Review

By | April 4, 2017

After launching a set of Vistara credit cards in the early 2016, Axis bank few months back silently launched the Privilege credit card with travel benefits. Before the launch of Privilege credit card Axis Signature credit card was one of the Axis bank’s premium credit card for many years, mainly just because there are no other good variant. I personally like it for the 2x points on birthday month, apart from which, it’s just yet another credit card. Let’s dive into the privilege credit card details:

  • Joining/Renewal Fee: Rs.1,500+tax
  • Welcome Bonus: Rs.5,000 Yatra Voucher

Axis Bank Privilege Credit Card Review

Its impressive to see that we get more than double the value of joining fee. I still wonder if there is a catch, though they say that the voucher can be used for domestic/international flights, hotels, and holiday bookings which is more than enough. However, they don’t seem to give any renewal benefit, does any of you able to get Renewal fee waiver on Axis Premium cards? Curious!

The Catch on Vouchers:

  • You need to use your card thrice within 60 days to avail this benefit.
  • You’ll get 2*2500 vouchers (by redeeming 12,500 Rp’s)
  • Both vouchers cannot be clubbed for single booking
  • Validity: 4 months

Axis Bank Privilege Credit Card Reward points

  • 10 Points on every Rs. 200 spend (~1% Reward rate)
  • Spend Bonus: Get Rs.5,000 worth Yatra Voucher for every Rs.2,50,000 Spend. (2% Reward rate)

Considering the benefits received from both points and travel vouchers, it adds up to sweet 3% reward rate which is quite close to reward rates on super premium credit cards like HDFC Diner Black/Infinia which is 3.3%. To make the best use of this card, you need to spend 2.5L after which you’ll get Rs.7,500 value back.

Axis Privilege Credit Card Features:

  • Card Expert Rating: 4/5
  • Reward Rate: 1% to 3% as Edge loyalty Reward points + Spend based vouchers
  • Fuel Surcharge Waiver: 2.5% fuel surcharge waiver, for a minimum transaction amount of Rs. 400 and a maximum of Rs. 4000. Maximum benefits upto Rs. 400 per month
  • Complementary Airport lounge access: Yes, 2 complimentary Visits per quarter to Mastercard Lounges
  • Special Features: Spend based travel Vouchers for every Rs.2.5L Milestone
  • Foreign Exchange Markup fee: 3.5% + Service Tax

If you’re a traveler, this is a must have credit card in your wallet. Or, if you’re having an Amex/Diners card which doesnt have 100% acceptance, this is one of the best card to have as a backup.

It’s been few years since i closed my FD based Axis Insta easy credit card and it’s time to start a fresh credit card relationship with the bank now. If everything goes well, i’ll probably be holding it in next couple of months.

Update July 2017: This card is issued as LTF to Axis Priority Account holders.

What do you think about axis bank privilege credit card? Feel free to share your thoughts in comments below.

Author: Siddharth

I'm a Credit Card freak minting reward points and cashback for years. Obsessed with aviation, airport lounges and luxury travel at affordable cost.

30 thoughts on “Axis Bank Privilege Credit Card Review

  1. Captain Bishuddha Bharatiya

    Very tough to get this card. One should have 6 lakhs od annual income.

    Reply
    1. Siddharth Post author

      Most premium cards are given for 6L+ above on ITR only.
      You can still get a basic card and then upgrade from there.

      Reply
  2. MANU KUMAR

    Axis people are so particular about being salaried.
    Seems they want to leave the Self employed/Business/Entrepreneur class for other banks.

    Reply
    1. Siddharth Post author

      Really? I was offered this card despite being Self Employed.
      Maybe the branch ppl are misleading you.

      Reply
      1. Manu Kumar

        I had contacted the bank and also the customer care.
        I was told this..

        Reply
  3. Balpreet Singh

    Got a call from Axis Bank. I was told by their person.

    1) I can apply for Add-on Card(s) along with my card. On each add-on card, they give 5000/- worth Yatra vouchers.

    2) I can get 3-4 add on card after 3 months of usage. so total of 15-20k Yatra Vouchers.

    Seems surprising… Anyone who was told this? or has actually got free yatra vouchers for Add-On cards?

    Balpreet

    Reply
    1. Siddharth Post author

      Vouchers on Add-on card? i seriously doubt!

      Reply
      1. Nandhakumar

        No.sidd
        I have axis privilege card past 6 months with one add on card.
        I was get only one voucher.

        Reply
  4. Abhishek Reddy

    I think Samsung Pay offers on card payments also need to be highlighted.

    Along with Axis and other banks, Samsung Pay has been launched aggressively. Axis offer is the best, spend 250 or more 4 times, get 1000 back. So 100% off. Ofcourse these are launch offers.

    I get intriguing looks when i use my S7Edge for transactions on normal Swipe Machines, but that negates the need for me to carry all cards when i go out. Just my phone is enough for shopping. As every shop has different offers for different cards.

    Reply
  5. Adi. H.

    Hi. Which Axis Bank Card can be given easily if the ITR is somewhere 7-7.6 lac. Cibil 804. Self Employed (Work from Home). Delhi.

    I like Edge Reward Program of Axis Bank Alot.

    Kotak 2015 94,500
    ICICI 2016 63000

    Thanks

    Reply
  6. Jagan

    10 Points on every Rs. 200 spend (~1% Reward rate). Pls explain

    Reply
  7. Anuj Karwa

    Can this card be issued Life time free if my ITR has 7 lacs income or do u need higher income for LTF??

    Reply
      1. Sunil

        LTF credit card are generally not provided by Axis bank or specifically this card is not given life time free?
        Axis isued my friend Life time free Myzone credit card.

        Reply
          1. Amit Solanki

            Axis also gives Axis Platinum card as LTF to retain the customers. I have got one too.

      2. Aniket Singh

        Today Axis Bank executive came to my office and offered me LTF privilege card. He told me that bank is offering LTF for Govt employee having monthly salary more that 50000. I am getting 60000 per month. Can i apply for this card as it is LTF. Please guide me.

        Thanks.

        Reply
  8. ANOOP E S

    Dear Siddharth

    Could you please review miles and more card(two master card variants) from axis Bank?

    Thanks

    Reply
    1. Siddharth Post author

      Its not so great card to have. Well, will look into it.

      Reply
  9. Surya

    Dear Siddharth,

    Last year I started my first job. Axis is my salary bank and I was offered Axis Neo Credit Card with meagre 30k limit which is now 35k. I don’t about ITR but my current CTC is 8.5 lac per annum with monthly take home around 60k.

    I want to apply for a better credit card and I am confused between HDFC Regalia First and Axis bank privilege. Can you suggest. Is there any better option?

    Reply
  10. Yogender

    I enjoy reading your site. The return ratio for Axis Privilege is 2%. The voucher obtained is against the edge points only. The site has a clarification also.

    “Note.: The travel voucher can be redeemed against the eDGE Reward Point earned.”

    Reply
  11. Dharmesh

    As per Axis website, maximum rewards anyone can achieve is 2% (considering 2500 value Yatra voucher is to be bought by customer with eEdge points he/she has earned). In this article it is mentioned that customer gets both eEdge points and a Yatra voucher separately, which makes reward rate of 3% (which seems unachievable). Has anyone received this Yatra voucher already from Axis? They can better clarify.

    Reply
    1. Siddharth Post author

      Considering the benefits received from both points and milestone travel vouchers, it adds up to sweet 3% reward rate. Anyways, you need to be aware that these vouchers carry a lots of terms & conditions.

      Reply
  12. SKG

    Hi Siddharth & All experts,

    I am a salaried person working for a MNC company. I have been using Axis Bank Insta credit card (issued against my FD) since last 2 years. My CC limit is low. I went for this card as I have CIBIL defaults (Settled & Written Off Cards issued in 2007) in Past.Also, I have a running Used car loan from Mahindra Finance and I have already paid 13 EMIs. I have never defaulted payment in either of these currently running accounts.
    In June 2017, I was looking for transfer of my car loan (from NBFC) to any good bank based on my repayment track record but by a DSA, I was intrigued into applying for a personal loan from Axis bank which was rejected consequently. The damage was already done to my slowly recovering CIBIL score.
    In July 2017, my file was sent for used Car refinance loan to HDFC & Kotak. The Kotak has already rejected my case and the HDFC is still re-looking at my case ( As I have salary a/c with HDFC + but have a settled HDFC CC 6 years back).
    Now my query all respected members is , since I am using Axis Bank Insta card since last 2 years + I have a Car Loan repayment track record + they have rejected my Personal loan application last month + 3 CIBIL enquiries in last 30 days , Can Axis bank give me any credit Card against their own Insta Credit Card? If not now then when should I approach Axis bank for a Card ? Also kindly advise some easy to get cards from other banks as well that I can get based on my existing Axis bank Insta Credit card / Car loan track record?

    Thanks,
    SKG

    Reply
  13. Praveen Perumalla

    4.5 rating seems too high just for reward rate and lounge access with no other special benefits.

    Reply
    1. Siddharth Post author

      Down to 4 on request 🙂
      The vouchers does have lot of conditions in it. So its worth the downvote!

      Reply

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