Axis Bank PRIVILEGE Credit Card
Axis Bank · Open to apply
Axis's mid-premium rewards card: a flat 10 EDGE Reward points per ₹200, 12,500 points on the first transaction after the joining fee, 10,000 points at ₹2.5 lakh a year, 2 domestic lounge visits a quarter and a BOGO movie offer. Standard fee ₹1,500, free on the Visa network under an offer valid till 31 December 2026, waived at ₹5 lakh of spend.
- Annual fee
- ₹1,500 + GST a year
- Joining fee
- ₹1,500 + GST
- Fee waiver
- Annual fee waived on ₹5,00,000 spend per card year
- Base rate
- 10 points per ₹200 on all spends, domestic or international: 10 EDGE Reward points per ₹200 (about 1% at cash value)
- Lounges
- Domestic: 2 visits a calendar quarter after ₹50,000 spend
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No points on insurance, rent, fuel, education, utilities and telecom, government, wallet, gold and jewellery, EMI conversions and gift cards
- No points on bridge, road and toll fees
Where the sources disagree
- Joining and annual fee: The product page and listing show ₹NIL ("Limited period offer on Visa Network", "currently Lifetime Free on the Visa Network", "valid till 31st December 2026"; Amex on 2026-10-20); the KFS and MITC list ₹1,500 joining and ₹1,500 annual fee. The KFS and MITC standard fee is used and the offer is recorded in not_modelled.
- Fuel surcharge waiver: The product page gives 1% back on fuel transactions of ₹400 to ₹4,000 up to ₹400 a statement cycle. The KFS and MITC refund lists name about 30 cards but not Privilege, nor list it as "refund not applicable". The product page figures are used.
Terms the calculator does not value
- Axis currently issues the card free for life on the Visa network ("Lifetime free offer valid till 31st December 2026"; on the Amex network until October 2026), which removes the ₹1,500 joining and annual fee and the 12,500-point activation grant (free cards do not get it). The calculator values the standard ₹1,500 card with the grant, as the KFS and MITC list it.
- The redemption fee is stated only as "Yes" with no amount, and point expiry was not found; the calculator charges no redemption fee. ₹0.20 a point is taken from Axis's own welcome and milestone values.
- Whether Amex or Mastercard Privilege cards are still issued alongside the Visa offer was not found. The lounge offer is tied to the Mastercard programme on the page.
- The milestone's exclusion list is not stated (the fee-waiver list is used). The BOGO movie offer from 2026-11-01 needs ₹25,000 of spend in the previous 3 months.
Sources
- Axis Bank PRIVILEGE Credit Card product page (Product page, the bank's own, read 6 Nov 2026)
- Axis Bank credit cards Key Fact Sheet (last updated 2026-10-08) (Schedule of charges, the bank's own, read 6 Nov 2026)
- Flipkart Axis Bank Credit Card page (related-product blurb for Privilege) (Product page, the bank's own, read 6 Nov 2026)
- Axis Bank credit card listing (Product page, the bank's own, read 6 Nov 2026)
- Revision of PRIVILEGE Credit Card T&C (effective 2026-08-28 and 2026-11-01; PDF of 2026-07-27) (Bank notice, the bank's own, read 6 Nov 2026)
- Axis Bank credit cards Most Important Terms and Conditions (PDF created 2026-10-08) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Axis Bank Points/Miles Transfer Program page (transfer ratio by card type) (Product page, the bank's own, read 6 Nov 2026)
- Revision of PRIVILEGE Credit Card T&C (effective 2025-06-20 and 2025-10-01) (Bank notice, the bank's own, read 6 Nov 2026)
- Axis Bank Travel EDGE terms, Points/Miles Transfer Program (partners, ratios, groups and caps) (Reward terms, the bank's own, read 6 Nov 2026)
- Third-party report on Axis's September 2026 transfer partner rewrite (Magnify) (Third-party site, read 20 Oct 2026)