Question 1

Is Axis Bank Privilege Credit Card worth the ₹1,500 annual fee?

Accepted Answer

Axis Bank Privilege Credit Card has an annual fee of ₹1,500. The fee can be waived if you spend ₹5l/year. With a base reward rate of 1% (up to 5%), 8 domestic lounge visits, and a CardTrail Score of 7.7/10, it offers good value for the price.

Question 2

What is the reward rate on Axis Bank Privilege Credit Card?

Accepted Answer

Axis Bank Privilege Credit Card offers a base reward rate of 1% on regular spends, going up to 5% on select categories. Rewards are earned as EDGE Reward Points. New cardholders also get a welcome bonus of 1,500 EDGE Reward Points.

Question 3

Does Axis Bank Privilege Credit Card have airport lounge access?

Accepted Answer

Yes, Axis Bank Privilege Credit Card provides 8 domestic and 0 international lounge visits per year. Note: You must spend ₹50,000 per quarter to activate lounge access.

Question 4

What is the forex markup on Axis Bank Privilege Credit Card?

Accepted Answer

Axis Bank Privilege Credit Card charges a 3.5% forex markup on international transactions, plus 18% GST on the markup (effective rate: 4.13%). For international spends, consider zero-forex alternatives like Scapia or IDFC First Wealth.

Question 5

Axis Bank Privilege Credit Card vs Scapia Federal Credit Card — which is better?

Accepted Answer

Axis Bank Privilege Credit Card (CardTrail Score: 7.7/10) and Scapia Federal Credit Card (Score: 8.6/10) are both travel cards. Axis Bank Privilege Credit Card by Axis has a ₹1,500 fee with 1% base rewards, while Scapia Federal Credit Card by Federal Bank has a no annual fee with 10% base rewards. Use our comparison tool for a detailed side-by-side analysis.

Axis Bank Privilege Credit Card

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