M16S / Axis Bank / Axis Privilege Credit Card
mid · rewards
Axis Privilege Credit Card
The Axis Privilege Credit Card costs Rs 1,500 a year, waived if you spend Rs 5,00,000 in a year. Its base return is 1% (10 EDGE RP per Rs 200). The forex markup is 3.5%. Lounge visits in India: 2 per calendar quarter at select domestic lounges. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 1,500+ GST
- Fee waived at
- Rs 5,00,000annual spend
- Base return
- 1%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- Axis Bank movie offers need Rs 25,000 spend from 1 November 2026
From 1 November 2026, Axis Bank MY ZONE, PRIVILEGE, SELECT and NEO cardholders must spend Rs 25,000 in the previous 3 months to use the card's movie offer.
- Axis Bank stops rewards on bridge fees, road fees and tolls, August 2026
From 28 Aug 2026 spends on bridge fees, road fees and tolls earn no rewards or cashback on these Axis Bank cards. Gift card purchases move to their own spend category and still earn nothing. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank sets a Rs 1,300 late fee on dues of Rs 50,000 and above, August 2026
From 28 Aug 2026 the late payment fee is INR 1,300 for outstanding balances of INR 50,000 and above. Below INR 50,000 the fee is unchanged. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank raises the foreign currency markup from 1.5% to 3.5%, August 2026
From 28 Aug 2026 the dynamic currency conversion markup rises to 3.5% from 1.5% on these Axis Bank cards. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank can forfeit unredeemed EDGE points 30 days after card closure, Oct 2025
From 1 Oct 2025 Axis Bank reserves the right to forfeit unredeemed EDGE Reward Points and EDGE Miles 30 days after card closure, or when the minimum amount due is outstanding for more than 90 days. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank adds 1% fees on wallet, fuel, utility, education and gaming, Dec 2024
The MITC lists a 1% fee applicable from 20 Dec 2024 on wallet loads from INR 10,000, fuel from INR 50,000, utilities from INR 25,000 and online skill-based gaming from INR 10,000 per statement cycle, and on third-party app education payments. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank ties Privilege domestic lounge access to Rs 50,000 spend, May 2024
From 1 May 2024 PRIVILEGE domestic lounge access needs Rs 50,000 of spends in the previous 3 calendar months. New cards are exempt for the issue month and the next 3 months. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank caps Privilege points transfers by partner group, April 2024
From 20 Apr 2024 PRIVILEGE holders can transfer at most 1 lakh EDGE Reward Points a calendar year to Group A partners and 4 lakh to Group B partners. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank changes the Privilege milestone and drops vouchers, April 2024
The PRIVILEGE milestone is 10,000 EDGE Reward Points on Rs 2.5 lakh spend in a card anniversary year. Multi brand vouchers at double redemption value on every Rs 2.5 lakh and the 24*7 concierge are discontinued. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank widens Privilege milestone and fee waiver exclusions, April 2024
From 20 Apr 2024 government services, utilities, gold/jewellery, rent, wallet, insurance, fuel and educational services spends do not count towards the PRIVILEGE milestone or annual fee waiver. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank Privilege stops points on gold and jewellery from April 2024
From 20 Apr 2024 gold/jewellery spends (MCC 5094, 5944) earn no EDGE Reward Points on the PRIVILEGE card. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank raises the Privilege annual fee waiver spend to Rs 5 lakh, April 2024
Customers onboarded from 20 Apr 2024 get a Rs 1,500 fee waiver on Rs 5 lakh spend in the preceding year. Earlier customers keep Rs 2.5 lakh until card anniversaries after 20 Apr 2025, then Rs 5 lakh applies. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 1,500 |
|---|---|
| Annual fee | Rs 1,500 |
| Annual spend that waives the fee | Rs 5,00,000 |
| Fee notes | Issuer fee table shows joining and annual fee as 'Nil (limited period offer on Amex network)'; the standard annual fee of Rs 1,500 is reversed on Rs 5 lakh spend in the previous card anniversary year. Waiver spend excludes utilities and telecom, rent, wallet, government, insurance, gold and jewellery, fuel, education, gift cards, bridge/road fees and tolls. |
Rewards
| Welcome benefit | 12,500 EDGE RP (vouchers worth Rs 2,500) when the joining fee is charged and a first transaction is made within 30 days of issuance. Free cards, first-year-free cards and priority-segment customers are not eligible. |
|---|---|
| Reward currency | EDGE Reward Points |
| Base earn | 10 EDGE RP per Rs 200 |
| Base return | 1% |
| Point value | Rs 0.20 per point; transfers 10 points : 1 mile (5:1 to SpiceJet and AirAsia) |
| Caps | Transfers capped at 1,00,000 points Group A + 4,00,000 Group B a year |
| Spends that earn nothing | Insurance, rent, fuel, education, utilities, government, wallet, gold and jewellery, gift cards, bridge fees, road fees and tolls. Points are debited for transactions converted to EMI. |
| Points expiry | 3 years from earning; all points also lapse after 365 days with no earn, redemption or login (EDGE Rewards T&C) |
| Milestone benefits | 10,000 EDGE RP (Rs 2,000) on Rs 2.5 lakh spend in a card anniversary year |
| Reward notes | base_return_pct = 10 points per Rs 200 x Rs 0.20 (issuer page: 10,000 points worth Rs 2,000) = 1.0%. Milestone adds 0.8% at exactly Rs 2.5 lakh spend. Issuer fee table shows a reward redemption fee applies ('Yes') without the amount. |
Transfers
| Partnersunverified | Accor Live Limitless, Air Canada Aeroplan, Air France-KLM Flying Blue, Air India Maharaja Club, British Airways Club, Cathay, Ethiopian Airlines ShebaMiles, Etihad Guest, Finnair Plus, JAL Mileage Bank, Qantas Frequent Flyer, Qatar Airways Privilege Club, Singapore Airlines KrisFlyer, Thai Royal Orchid Plus, Turkish Airlines Miles&Smiles, United MileagePlus, Vietnam Airlines Lotusmiles, Wyndham Rewards, AirAsia Rewards, Hilton Honors, IHG One Rewards, IndiGo BluChip, Lufthansa Miles & More, Orchid Rewards, The Postcard Sunshine Club, Radisson Rewards, SpiceJet SpiceClub |
|---|---|
| Ratiounverified | 10 EDGE RP : 1 partner mile; 5:1 to SpiceJet and AirAsia. Annual cap 1,00,000 Group A + 4,00,000 Group B. |
Travel and perks
| Domestic lounge | 2 per calendar quarter at select domestic lounges |
|---|---|
| International lounge | None |
| Lounge conditions | Needs Rs 50,000 spend in the prior 3 months (issuer page); waived in issuance month + next 3 months; guests paid |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on Rs 400-4,000 fuel transactions, cap Rs 400 per statement cycle (issuer page) |
| Other freebies | District BOGO movie ticket up to Rs 250 off once a month; purchase protection up to Rs 1 lakh; credit shield Rs 1 lakh; loss of travel documents cover up to USD 300, check-in baggage delay up to USD 300, baggage loss up to USD 500; Dining Delights; Wednesday offers |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Nil up to Rs 500 due; Rs 500 (501-5,000); Rs 750 (5,001-10,000); Rs 1,200 (10,001-50,000); Rs 1,300 above 50,000; plus Rs 100 per cycle if minimum due is missed two cycles running |
| Cash advance fee | 2.5% of amount, min Rs 500 |
| Eligibility | Age 18-70 (add-on 18+); Indian resident. No income figure published on the issuer page. |
| Fine-print notes | Before the 2026-10-12 page read: welcome, milestone, waiver and lounge rules are from Axis T&C PDFs. A lifetime-free card does not get the welcome points (they need the joining fee to be charged). Product page read 2026-10-12 confirms earn rate, milestone, lounge, 3.5% forex and 3.75% interest. Conflicts resolved from issuer page read 2026-10-12: eligibility: old (cardinsider) 'age 18-70, income Rs 6 lakh a year' -> issuer page states no income figure | networks: old 'Visa, Mastercard' -> issuer page also shows an Amex variant (lifetime-free limited offer); Visa itself is not named on the page |
Questions
- What is the annual fee of the Axis Privilege Credit Card?
- Rs 1,500 a year, before GST. It is waived if you spend Rs 5,00,000 in a year.
- Does the Axis Privilege Credit Card give airport lounge access?
- Yes. In India: 2 per calendar quarter at select domestic lounges. Outside India: none listed. Conditions: Needs Rs 50,000 spend in the prior 3 months (issuer page); waived in issuance month + next 3 months; guests paid
- What is the forex markup on the Axis Privilege Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Axis Privilege Credit Card?
- Insurance, rent, fuel, education, utilities, government, wallet, gold and jewellery, gift cards, bridge fees, road fees and tolls. Points are debited for transactions converted to EMI.