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Axis Bank

AXIS BANK PRIVILEGE Credit Card

A mid-tier rewards card whose two welcome/milestone benefit examples both cross-check Axis's standard ₹0.20 point value exactly, even though no general redemption rate is stated as a rate.

Joining fee
₹0
Annual fee
₹1,500
Status
Open
Verified
28 August 2026
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AXIS BANK PRIVILEGE Credit Card

Fees

Joining fee
₹0
Annual fee
₹1,500
Fee waiver
Waived above ₹5,00,000 annual spend
Forex markup
3.5%

Rewards

reward points

  • everything-else: 1%Domestic and international spends

Milestone rewards

  • ₹0 spend: 12,500 EDGE REWARD points (worth ₹2,500)
  • ₹2,50,000 spend: 10,000 EDGE REWARD points (worth ₹2,000)

Points redeem at ₹0.20 each, per the portfolio-wide rate — this card's own stated benefit figures both cross-check it exactly.

Important Exclusions

  • insurance, rent, fuel, education, utilities: Also excludes wallet loads, gold/jewellery, gift cards, and bridge/road/toll fees — none of which have a matching spend category in this dataset.

Travel

Domestic lounge
2/quarter
Forex markup
3.5%

Unlocked by ₹50,000 spend in the preceding 3 months.

Eligibility

Minimum age
18 years

Why this card may suit you

  • The annual fee is waived once you spend 5,00,000 in a year.
  • It includes airport lounge access, useful if you travel by air a few times a year.

Source & Verification

Verified from official issuer sources. Last verified 28 August 2026

View issuer page ↗

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An entry-level card whose real value is the lounge and cinema benefits, not the rewards. The reward points earn into a goods catalogue with no published rupee value, so treat the rate as unknown rather than as cashback.

Joining
₹500
Annual
₹500
Base reward
0.8% everything else
Forex
3.5%
Lounge
1/qtr domestic lounge
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