Axis Financial institution not solely has so many entry-level and tremendous premium bank cards but in addition has a reasonably good set of Premium Credit score Playing cards like Axis Privilege Credit score Card focused for the cardholders who’re evolving from the entry-level phase.
Axis Privilege Credit score Card was once the key sauce for a lot of again in time when Axis Magnus wasn’t this aggressive. However even now it continues to be a card to carry because it’s being issued as First 12 months FREE for a restricted interval (thirty first March).
|Premium Credit score Card
|1% to 2%
|Buying Voucher Redemptions
|Multi-brand Voucher redemption
Axis Privilege Credit score Card is a premium bank card that offers reward fee of two% simply with none advanced incomes/redemption guidelines.
And now that it’s being issued at no cost, it is sensible to carry one, so long as you’ve a free slot with Axis, as Axis permits solely 3 bank cards per particular person.
|Becoming a member of Price
|– Paid Card:
– FREE Card: for Precedence A/c holders
|– 12,500 Factors on PAID playing cards (5,000 INR value)
– 6,250 Factors on FREE playing cards (2,500 INR value)
|3,000 Edge Rewards
|Renewal Price waiver
|on spends of two.5L in earlier yr
The welcome profit is wonderful even on paid playing cards, as you simply pay 1.5K INR and get 5K INR value of vouchers.
The worth of factors are assumed as 40ps/level (in above calculation) due to the power to redeem for multi-brand vouchers. We’ll see different choices later under.
*** Restricted Interval Supply: First 12 months FREE ***
The design seems neat and easy however I proceed to marvel why they didn’t refresh Axis privilege bank card’s design whereas they refreshed the design of just about each different bank card.
Possibly they wish to discontinue? I assumed so, however now after seeing them going aggressive with Zero Becoming a member of Price provide on this card, it’s solely stunning!
- 10 Factors per Rs.200 Spend (Home & worldwide)
The earn fee is easy and simple. To make the mathematics easy, you earn about 5000 Edge Rewards on each 1L spend, which is fairly good due to the redemption choices, as you’ll be able to see under.
You might as effectively use Axis Privilege Card on Axis Reward Edge (or) Axis Seize Offers portals to earn 5X/10X rewards.
There are a number of choices to redeem edge rewards, broadly divined into two (+1), as under:
As you’ll be able to see above, the purpose worth is fairly good with multi-brand voucher redemption. Listed here are the multi-brand redemption choices:
- 6250 Factors value 2500 INR multi-brand voucher
- 12500 Factors value 5000 INR multi-brand voucher
In case you’re questioning in regards to the manufacturers which are redeemable below Multi-brand voucher, right here is the list of available brands as seen few months in the past. The listing may hold altering occasionally.
However keep in mind that you’ll must have both 6.25K/12.5K factors to have the ability to redeem for these choices as this behaves extra like Amex Gold Collection.
That mentioned, should you’ve different Axis tremendous premium playing cards like Axis Magnus, you might as effectively switch these factors to number of points transfer partners to extend the worth even additional.
Airport Lounge Entry
- Complimentary Entry: 2 per Quarter (home solely)
The complimentary lounge entry profit on Axis Privilege Credit score Card is restricted to solely home lounges with above limits.
Whereas it doesn’t give entry to iconic lounges like Bangalore 080 lounge, the cardboard is accepted at throughout 29 lounges throughout the nation, which is fairly nice given the price level at which it’s issued.
I used to be utilizing the Axis Privilege Credit score Card for fairly someday till the launch of Axis Factors Switch program and I did get fairly good worth out of it.
For instance, I used to redeem edge rewards for Myntra Vouchers (Multi-brand voucher possibility) and get to Myntra Icon tier sooner, which has respectable advantages.
This additional helped me to earn much more “tremendous cash” and redeem them for vouchers & memberships.
For instance, I redeemed a few of the Tremendous Cash for “Occasions Prime membership” which gave me entry to a complimentary 6 months “Google One” subscription plan, which provides 100 GB area on Gmail.
That’s an important worth to me as I used to be in want of extra area.
Whereas these might not sound like a lot worth in entrance of at present’s Magnus Credit score Card advantages, it was certainly enjoyable again in time to make use of Axis Privilege Credit score Card.
That mentioned, the advantages are nonetheless there and would proceed to make sense to those that don’t wish to pay a price to carry tremendous premium bank cards or don’t choose journey redemptions.
- Eligibility through ITR: >6L INR revenue p.a. (or)
- Eligibility through different financial institution bank card: Credit score restrict >1L INR
In case you’re dealing with any points (or) should you choose to have a easy trip into Axis Credit score Card Ecosystem, do try this learners information to Axis Financial institution Credit score Playing cards: Maximizing Axis Bank Credit Cards.
How one can Apply?
You might apply online on Axis Bank website in a matter of few clicks. Axis Financial institution is just lately identified for processing contemporary bank card purposes fairly quick.
The cardboard is at present provided as first yr free, however whether or not you’ll get 6,250 factors as welcome profit is a thriller. Almost definitely you’ll get, as that’s the way it’s ideally designed.
However the “First 12 months Free” (until thirty first March 2023) profit is a confirmed one, as I can see it displaying on the web site as effectively, as under:
Usually Axis Financial institution takes a couple of week to approve the appliance. If the profile has wholesome credit score report, you might as effectively get the cardboard in hand in below per week, as some profiles might undergo VKYC and sooner processing.
*** Restricted Interval Supply: First 12 months FREE ***
In case you’re new to financial institution, to not fear, you don’t must open a contemporary Axis Financial institution Financial savings A/c to get an Axis Financial institution Credit score Card.
General Axis Privilege Credit score Card is certainly a decently rewarding bank card for many who choose procuring vouchers over journey redemptions.
However should you’re into Axis journey edge redemptions and already maintain Super Premium Credit Cards from Axis Financial institution, then it’s no marvel that Privilege does add a great worth with it’s welcome profit.
Have you ever ever held an Axis Privilege Credit score Card? Be happy to share your experiences within the feedback under.