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Axis Bank

Axis Bank Privilege Credit Card

Lounge accessVerifying

Joining fee incl. GST: ₹1,770
Renewal fee incl. GST: ₹1,770
Conditional welcome value: Up to ₹2,500
Forex markup: 3.5%
Interest p.a.: 55.55%
Min income (salaried): —

Welcome benefits depend on the actual offer and qualifying conditions; points and vouchers are not an automatic cash refund. Levy of full ₹1,500 + GST joining fee and first card transaction within 30 days of issuance; one-time per customer

How this card earns

Reward rates with their qualifying conditions and caps. Use the calculator for a combined estimate.

Calculation coverage is still under review for this card. A recorded benefit does not mean every condition has been included in the estimate.

What still needs confirmation

Limited-period nil-fee eligibility differs from standard KFS; calculator retains standard paid variant. Individual partner offers require checking.

Spend category	Reward rate	Reward limit
Other eligible purchases	1%	—

Excluded from ordinary earning: Fuel, Rent, Utilities & bills, Education, Insurance. Specific qualifying offers, if any, are listed above.

Rates apply only to the merchants and conditions described. Shared ceilings cannot be added across rows. Points and vouchers are valued at the stated redemption assumption; use the spending calculator for a combined estimate.

Fees & charges

Joining fee₹1,500

Annual fee₹1,500

Annual fee waiverStandard ₹1,500 fee; issuer also displays a limited-period nil-fee offer. Paid variant: ₹5 lakh eligible annual spending waives renewal; fuel, rent, utilities, education, insurance, government, gold/jewellery and wallet spending excluded.

Foreign currency markup3.5%

Finance charge (p.a.)55.55%

Fuel surcharge waiver1%, up to ₹400/mo

Spend milestones

Annual spend	Benefit	Value
₹2,50,000	10,000 EDGE Reward Points (worth ≈₹2,000 at ₹0.20/point) on ₹2,50,000 annual spend	₹2,000

Key benefits

Airport lounge access — 2/quarter domestic (Domestic lounge gated by ₹50,000 spend in the prior 3 months; no international lounge access)
10 EDGE Reward Points per ₹200 spent (~1% value-back at ₹0.20/point)
2 complimentary domestic lounge visits per quarter
Welcome vouchers worth ≈₹2,500 effectively offset the joining fee
Achievable milestone bonus (₹2.5 lakh → ≈₹2,000)
Dining offers subject to current partner terms
1% fuel surcharge waiver
No rewards on gift cards, bridge fees, road fees or tolls (from 28 August 2026); gift cards are their own spend category
Axis is currently showing ₹NIL joining and annual fee on the product page as a limited-period offer; the Key Fact Sheet dated 18 August 2026 and the page's own fee-reversal text both still carry ₹1,500 as the standard fee, so the standard fee is what this record holds

What we like

+Welcome vouchers (≈₹2,500) effectively offset the joining fee
+Achievable milestone (₹2.5 lakh → ≈₹2,000 in points)
+2 domestic lounge visits per quarter
+Low entry fee for a lounge-bearing card

What to watch

−No international lounge access
−High finance charge (~55.55% p.a.)
−Steep ₹5 lakh annual spend for fee waiver
−3.5% foreign markup makes it weak for international use
−Large excluded-category list (rent, utilities, fuel, insurance, gold earn nothing)
−Dynamic currency conversion markup rises from 1.5% to 3.5% on 28 August 2026 — decline rupee billing abroad to avoid it and keep the network rate

Eligibility

Age 18–70

Approx ₹6 lakh annual income (salaried). Self-employed minimum income not separately published; typically assessed on ITR.

Check Axis Bank's current criteria and the source notes. Meeting a published minimum is not approval — the issuer decides every application on its own criteria, including your credit history. How we source this