Axis Bank Privilege Credit Card

The Bottom Line

Simple but Low Rewards

10 Rewards / ₹200 on all spends. Low Rewards plus a relatively high fee make this an avoidable option.

Monthly Spend	₹5K	₹10K	₹20K	₹50K	₹100K
Net Reward Yield	(-1.6%)^	(-0.3%)^	0.4%	1.0%	1.0%
Est. Monthly Reward (₹)	(80)	(30)	75	495	1,000
All-India Rewards Rank*	256	256	231	126	120
Within Bank Rank*	23	24	19	14	16
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

The Axis Bank Privilege Credit Card gives 1% effective reward on all spending.

We estimate this card has a net reward yield of 0.4-1%% on spending above ₹20,000 with the card in a month, making it a below average card for Axis Customers.

The ACE Credit Card is the best credit card from Axis Bank for nearly everyone. We estimate most people will get net reward yield of 2.3% using this card for all their spending.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.

The Rewards

Card	Axis Bank Privilege Credit Card
Card Type	Reward
Reward Features	10 Rewards / ₹200 on all spends
Milestone Rewards	Coverting EDGE Reward points to Multi Brand Vouchers on annual spends of ₹2.5 Lacs
Other Rewards	– ₹1,000 off at partner restaurants with Axis Bank Dining Delights – 2 Complimentary Domestic Airport Lounge visits / Qtr.
Rewards Redemption Fee	Nil
Reward Caps	Unlimited
Preferred Redemption Method	Redeem Edge Points on shopping, travel and e-voucher@₹0.40 / reward point

Fees & Charges

Card		Axis Bank Privilege Credit Card
Joining Fee		₹1,500 + Taxes
Annual Fee		₹1,500 + Taxes
Min. Annual Credit Card Spend for Fee Waiver		₹2.5 Lacs
Income Criteria	Salaried	N/A
Income Criteria	Self-employed	N/A
Supplementary Card Fee		Free
Interest Rate		52.86% p.a.
Foreign Currency Markup		3.50%
Cash Advance Charge		2.50% with a minimum of ₹500