Axis Bank Privilege Credit Card Review

Axis Bank Privilege Credit Card Review

Axis Bank Privilege Credit Card Review

Axis Bank not only has so many entry-level and super premium credit cards but also has a pretty good set of Premium Credit Cards like Axis Privilege Credit Card targeted for the cardholders who’re evolving from the entry-level segment.

Axis Privilege Credit Card used to be the secret sauce for many back in time when Axis Magnus wasn’t this aggressive. But even now it continues to be a card to hold as it’s being issued as First Year FREE for a limited period (31st March).

Table of Contents


TypePremium Credit Card
Reward Rate1% to 2%
Annual Fee1,500+GST (Offer: First Year Free)
Best forShopping Voucher Redemptions
USPMulti-brand Voucher redemption

Axis Privilege Credit Card is a premium credit card that gives reward rate of 2% easily without any complex earning/redemption rules.

And now that it’s being issued for free, it makes sense to hold one, as long as you’ve a free slot with Axis, as Axis allows only 3 credit cards per individual.


Joining Fee– Paid Card: 1,500 INR+GST (First year Free)
– FREE Card: for Priority A/c holders
Welcome Benefit– 12,500 Points on PAID cards (5,000 INR worth)
– 6,250 Points on FREE cards (2,500 INR worth)
Renewal Fee1,500 INR+GST
Renewal Benefit3,000 Edge Rewards
Renewal Fee waiveron spends of 2.5L in previous year

The welcome benefit is amazing even on paid cards, as you just pay 1.5K INR and get 5K INR worth of vouchers.

The value of points are assumed as 40ps/point (in above calculation) because of the ability to redeem for multi-brand vouchers. We’ll see other options later below.

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*** Limited Period Offer: First Year FREE ***


Axis Bank Privilege Credit Card Design

The design looks neat and simple but I continue to wonder why they didn’t refresh Axis privilege credit card’s design while they refreshed the design of almost every other credit card.

Maybe they want to discontinue? I assumed so, but now after seeing them going aggressive with Zero Joining Fee offer on this card, it’s only surprising!


  • 10 Points per Rs.200 Spend (Domestic & international)

The earn rate is simple and straightforward. To make the math simple, you earn about 5000 Edge Rewards on every 1L spend, which is pretty good because of the redemption options, as you can see below.

You may as well use Axis Privilege Card on Axis Gift Edge (or) Axis Grab Deals portals to earn 5X/10X rewards.


There are multiple options to redeem edge rewards, broadly divined into two (+1), as below:

Redemption TypeProduct TypePoint Value
(Per Point)
Reward Rate
Edge RewardsCatalog Vouchers20Ps1%
Edge RewardsMulti-Brand Vouchers40Ps2%

As you can see above, the point value is pretty good with multi-brand voucher redemption. Here are the multi-brand redemption options:

  • 6250 Points worth 2500 INR multi-brand voucher
  • 12500 Points worth 5000 INR multi-brand voucher

If you’re wondering about the brands that are redeemable under Multi-brand voucher, here is the list of available brands as seen few months ago. The list might keep changing from time to time.

Axis Multi-brand voucher redemption option for Privilege CardFinance, Investing, and much more!, Checkout our partner blogs.