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 (Thanks to reader SriKrishna for the snap)

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 Bank Privilege Credit Card Review

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 Sep 2018: This card is issued as FYF 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

A Credit Card freak minting reward points and cashback for years, started adding Airmiles in recent times. Obsessed with aviation, airport lounges and luxury travel at affordable cost.

55 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. Karunya Sharma

            Hi Sid,
            I have been given a LTF signature card since 2012. I am holding a priority account only.

      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
          1. Aniket

            Yes Bikramjit, but later they denied to issue the card and asked me to apply for the Axis Neo Card which is a very basic card. Finally, they declined my application for an even Neo Card. I am holding total 7 credit card, including Amex Charge Card and Regalia First, despite they declined my application.

            Thanks.

  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
      1. Raulnayak

        Here are the conditions,

        TERMS AND CONDITIONS:

        This e-Voucher once redeemed cannot be cancelled.
        The Instant e-Voucher is valid for booking on – Flights (Domestic/International), Hotels/Buses (Domestic), and Holidays (Domestic/International) only at Yatra.com.
        e-Voucher is valid for ONE time transaction only.
        e-Voucher can be used online for booking of Flights (domestic/international) & Buses (domestic) individually.
        e-Voucher is Cumulative, i.e. 2 or more vouchers can be clubbed together to make a booking. However, Cumulative redemption is possible Offline only (through Yatra Call centre).
        Buses (domestic) can be redeemed online only.
        Hotels (domestic), Holidays (domestic/international) can be redeemed offline only by calling 0124 – 3040707/700 between 10AM to 7PM (all seven days).
        User has to apply / quote the unique e-Voucher code at the time of booking to avail the benefits.
        Any applicable convenience fee/processing fee/excess tour cost/ government taxes shall be payable at the time of booking (Only if the package cost exceeds the e-Voucher value).
        If e-Voucher is lost or stolen, Yatra will not be liable for replacement or Compensation.
        This e-Voucher cannot be clubbed with any other ongoing offer discount/cash back/promotion run by Yatra.com.
        No additional Discount / reduction in the price will be entertained other than the offer mentioned on the e-Voucher.
        If a purchase is less than the value of the e-Voucher, then customer can avail the discount maximum up to the value of the purchase only. Balance e-Voucher amount will be forfeited and customer will have to pay Re.1 to complete the transaction.
        If a purchase is equal to the value of the e-Voucher, then customer will have to pay Re.1 to complete the transaction.
        If a purchase is more than the value of the e-Voucher, then balance amount can be paid through Net Banking, card (debit/credit cards), Mobile Wallet or Consumer can pay balance amount through another e-Voucher through offline mode of redemption only (in case Consumer has more than one e-Voucher) e.g. if Consumer wishes to redeem an e-Voucher against the booking of Rs. 5,500 then he can use a Rs. 5,000/- e-Voucher and the balance amount of Rs. 500/- can be paid by Net Banking/card/ Mobile Wallet or by using another e-Voucher (through offline mode of redemption).
        In case of Hotel booking, purchase amount should be equal or greater than the value of the e-Voucher..
        Confirmation of any booking will be subject to availability at the time of booking and will be governed by the standard booking terms & conditions of Yatra.com.
        Yatra.com is not liable to pay for any difference in fare/tariff between date of redemption request placement and date of using e-Voucher during booking.
        No change or cash can be taken in exchange of this e-Voucher.
        In case of cancellations, e-Voucher amount will not be refunded back to the customer.
        All the terms and conditions of the e-Voucher as given hereof and standard terms and conditions, user agreement, privacy policy (subject to change) of Yatra.com as mentioned in the website yatra and the terms and conditions of the respective airline/ hotel /resort/other service provider shall be applicable on the Customer.
        Any legal disputes, whatsoever regarding any aspect of the promotion shall be handled in the jurisdiction of the courts in Gurgaon, Haryana only.

        Reply
  14. Jatin

    Hi Sid,
    I think you got it wrong here. Everytime you spend Rs.2,50,000, you get 12500 edge rewards points which helps you to get 2 vouchers Rs.2500 (6250points) each. So the reward rate will be only 2% like most of the cards.

    And I feel it should be rated 3 maybe for 2% reward rate.

    Reply
  15. Nikhil Goel

    Hey one thing i would like to add in this article. We get 3000 eDGE Reward Points on renewal of Axis Bank Privilege Credit Card which converts to Rs. 1200 in terms of Yatra vouchers giving us an effective renewal price of Rs. 570 only.
    This adds a sweet renewal benefit and seems a must have card for travel enthusiasts.

    Reply
  16. Sushil Gupta

    After Making the First Payment, How many days does it take for the Yatra Vouchers to come? How do they send those vouchers?

    Reply
  17. Ashish Nikhare

    Hi Sid, can you please enlighten on the T&C of the Yatra voucher. Can >1 voucher be clubbed to maximise the benefit ?

    Reply
    1. Siddharth Post author

      It has lots of limitations AFAIK. Hope the actual users throw some light on this.

      Reply
      1. Raulnayak

        You can even convert the 12500 into JP miles. Though I personally prefer converting them into Amazon Vouchers.

        Reply
  18. Pragyan Sen

    I had a neo credit card and got a privilege credit card recently. The made the neo card LTF instead of canceling when I asked them to cancel. Now I noticed they both have 1.6 Lacs credit limit individually. I want to increase the credit limit of a card which will help me to get more premium cards on a card on card basis offer. They didn’t agree to increase my credit limit right now. Can I ask them to combine the credit limit and make it shared among these two cards? that would give me 3.2 L limit which is pretty decent.

    Reply
  19. Gaurav Malik

    Hi Sid,

    I have just received by Axis Privilege card but I am surprised I did not apply for any card so how come I have got one in my name. I do hold a Axis Priority account but no call nothing and a card with 1 L limit is with me. If I cancel the card I am afraid that I would take a hit on my cibil score so I need advice what needs to be done. If I do not swipe the card will I still be charged a fees of Rs 1500. I am also planning to escalate to the Nodal team of Axis.

    Reply
    1. Siddharth Post author

      That’s interesting. And Privilege card is free for Priority A/c holders, so you wouldn’t be charged.

      Reply
  20. Captain Bishuddha Bharatiya

    I hold an AXIS buzz credit card. What will be the process to upgrade it to Privilege ? I also hold a priority saving ac. . My branch person is telling that I have to apply for a fresh card and I also have to cancel Buzz before applying for Privilege. I think its rubbish .

    Reply
    1. Raulnayak

      Send an email to them. They let you upgrade now. They replied to my email with a list of cards I am eligible for.

      Reply
      1. Captain Bishuddha Bharatiya

        What is the e-mail id ?
        I have just completed 6 months but I don’t have automatic limit enhancement offer on my AXIS Buzz card. Usually how long it takes ?

        Reply
        1. Raulnayak

          It took me a year of usage to be offered an automatic limit enhancement. I would say, call them up directly and request for it.

          Reply
  21. Purnima Baliga

    Can you please tell me the difference between privilege card and select card…..and the benefits ….

    Reply
  22. Raulnayak

    If you are worried about the terms of Yatra, just buy some other voucher worth Rs 2500. The terms say so.
    12,500 eDGE points shall be credited to card-holders’ eDGE Loyalty account upon successful
    completion of 3 card transactions within 60 days from the date of card setup.
     eDGE points may be redeemed against 2 Yatra vouchers worth Rs. 2,500 each
     Alternately, these eDGE points may also be redeemed against any other
    products/GVs/services worth upto Rs. 2500 listed on the eDGE website / partner websites
     Any disputes related to crediting or redemption of such eDGE Loyalty points may be raised
    directly to the Axis Bank customer support team via calls / email / through the website /
    mobile app.

    Reply
  23. Anoop E S

    Renewal benefit of 3000 Edge reward points.

    Siddharth… Pls update the article

    Reply
  24. Praveen Katiyar

    Hi Siddarth,

    I made an online application on the AXIS website, got a call from the Axis executive, very next day. To my pleasant surprise I was told that if i spend 25,000 within 45 days of card issuance my joining fee for Axis Privilege ( Rs. 1500) will be reversed within 90 days of card issuance.

    Also i was told by the Axis executive that if i spend Rs. 4 lakh in a year, the next year annual fee will be waived off. As i anyway planned to spend Rs 2.5 Lakh to reach the milestone benefit, i can with little more efforts reach the milestone of Rs. 4 lakh and get my annual fee reversed.

    As I made up my mind for this card, both of these came as a positive news.!!

    More as i get the card and use it.

    Reply

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