Axis Bank launched the Privilege credit card for frequent travelers. Privilege card is one of the best travel credit cards among the other Axis bank credit cards.
The card offers 2 Yatra gift vouchers worth Rs 5000 each in the first year as a welcome gift and 1 voucher from the second year onwards. All this leads a saving up to 6% of the money spent (up to 4% from the second year).
Know more about Axis Bank Privilege credit card from here
Table of Contents
First Year – INR 1500
Renewal Fee – INR 1500
Interest Rate – 2.95% per month
Cash Advance Fee – 2.5%, min of INR 250
Get a travel Yatra travel voucher worth Rs 5000 on swiping your card thrice in 60 days. The welcome gift is more than thrice times the annual fee. That’s amazing
You can use the voucher for domestic flights, international flights, hotels, and holiday bookings. The Voucher has a validity of 4 months.
Bank offers no welcome gift on the renewal. Even there is no clause of annual fee waiver.
Get another Yatra gift voucher worth INR 5000 on the minimum annual spend of INR 2.5 lakh. You can redeem this voucher on www.edgerewards.axisbank.com
The reward rate is 2% (5000/2.5L*100). That’s really great.
Get a 1% fuel surcharge waiver at all the fuel stations across India on transaction between INR 400 and INR 4000. Maximum fuel surcharge waiver capped at INR 400 per statement cycle.
Redeem your reward points on www.edgerewards.axisbank.com. The redemption value of one reward point is INR 0.40.
You get 10 points on every Rs 200 spent. The value of 10 points is INR 4 (10*0.40). Which turns reward rate at 2% ( 4/200*100).
This is a screenshot taken from the bank’s website.
Check Your Eligibility
Document Required
If your average monthly spend through the card is a little more than INR 20,000 then you can go with this card. This will lead your annual spending to INR 2,50,000 & you get Yatra gift voucher worth Rs 5000.
If your annual spending is less than Rs 2,50,000, then you wouldn’t be a frequent traveler because 3-4 travel bookings in a year easily bring annual spending at this limit. In this case, you should go for a general-purpose credit card.
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