Axis Bank Platinum Credit Card Overview- Lounge Access

Hitting the Indian market as a type of entry-level product, the Axis Bank Platinum Credit Card boasts a complete list of features and benefits aimed at maximising the purchasing power and overall value of the card to the holder. This Axis credit card was specifically initiated by Axis Bank as an effort to provide versatile service to customers and provide better cashback, reward points, and fee elimination for the people who use the card for regular spending. 

Cardholders can earn Edge Reward Points on domestic and international purchases in addition to a host of other privileges such as getting 25% cashback on movie tickets, 1% fuel surcharge and waiver, and a minimum 15% discount on dining bills at partner restaurants across the country. Many benefits make the Axis Bank Platinum Credit Card unique, primarily, its realistic reward system and functionality, providing pretty helpful services and savings to its users.

Axis Bank Platinum Credit Card Features and Benefits

1. Welcome Benefits
   • 100 Edge Rewards: Cardholders receive 100 Edge Reward Points upon completing their first online transaction using the Axis Bank Platinum Credit Card. This serves as a small bonus to start earning rewards from the get-go.
2. Movie & Dining Benefits
   • 25% Cashback on Movie Tickets: Cardholders receive 25% cashback on movie tickets purchased using the Axis Bank Platinum Credit Card, capped at ₹1,000 per calendar year. This is beneficial for regular moviegoers, allowing them to save significantly on entertainment expenses.
   • Dining Discounts: Enjoy a minimum of 15% discount at partner restaurants across India through the Axis Bank Dining Delights Program. This feature is especially rewarding for those who frequently dine out.
3. Fuel Surcharge Waiver
   • 1% Fuel Surcharge Waiver: For fuel transactions between ₹400 and ₹4,000, cardholders enjoy a 1% surcharge waiver at all fuel stations across India.
   • The maximum benefit is capped at ₹400 per month, translating into potential annual savings of up to ₹4,800 on fuel expenses.
4. Spend-Based Waiver on Fees
   • Joining Fee Waiver: The ₹500 joining fee is waived if you spend ₹5,000 or more within 45 days from the card setup date.
   • Renewal Fee Waiver: The annual renewal fee of ₹200 is waived if you spend ₹1,00,000 or more in the preceding year, making the card effectively free for regular users who meet the spending requirements.

How to Earn and Redeem Axis Bank Platinum Credit Card Reward Points

Earning Edge Reward Points

1. Domestic Spending
   • Earn 6 Edge Reward Points for every ₹200 spent on domestic transactions. This includes payments for shopping, groceries, utilities, and other everyday expenses made within India.
2. International Spending
   • Earn 12 Edge Reward Points for every ₹200 spent on international transactions. This is ideal for frequent travellers, as the points accumulation rate is doubled for international purchases.
3. First Online Transaction Bonus
   • Earn 100 Edge Reward Points on your first online transaction using the Axis Bank Platinum Credit Card. This welcome bonus is a simple way to kick-start your reward earnings.
4. Exclusions
   • No Reward Points on Movie Transactions: Purchases related to movie tickets do not earn reward points. However, you do get a 25% cashback on movie ticket purchases.

How to Redeem Edge Reward Points

1. Access the Edge Rewards Portal
   • Visit the Axis Bank Edge Rewards website or log in to your Axis Bank account online and navigate to the rewards section.
2. Choose Your Redemption Category
   • Shopping Vouchers: Redeem points for vouchers from popular brands, which you can use for shopping, dining, and more.
   • Electronics & Mobile Accessories: You can exchange points for gadgets, mobile accessories, and other electronic items.
   • Home Décor & Lifestyle Products: Use points to purchase home and lifestyle products from the available catalogue.
   • Travel: You can convert your Edge Points into InterMiles or Club Vistara Points for flight bookings and other travel benefits.
3. Redemption Value
   • 1 Edge Reward Point is equivalent to ₹0.20 when redeemed for vouchers, products, or services.

Axis Bank Platinum Credit Card Fees and Charges

1. Interest Rate: 3.4% per month or 40.8% per annum on any outstanding balance.
2. Cash Advance Charges: 2.5% of the withdrawn amount, with a minimum charge of ₹500.
3. Late Payment Fee
   • Balance up to ₹500: Nil
   • Balance between ₹501 and ₹5,000: ₹500
   • Balance between ₹5,001 and ₹10,000: ₹750
   • Balance above ₹10,000: ₹1,200
4. Foreign Currency Markup Fee: 3.5% of the transaction amount for purchases made in foreign currencies.
5. Fuel Surcharge: 1% waiver on fuel transactions between ₹400 and ₹4,000, capped at ₹400 per month.
6. Over-limit Charges: 3% of the over-limit amount, subject to a minimum of ₹500. This fee is applicable if you exceed your assigned credit limit.
7. Duplicate Statement Fee: ₹100 per statement if you request a duplicate physical statement.
8. Card Replacement Fee: ₹100 for replacing a lost or damaged card.
9. Reward Redemption Fee: Nil (no charges for redeeming your Edge Reward Points)

Axis Bank Platinum Credit Card: Key Product Details

1. Earn 6 Edge Reward Points for every ₹200 spent on domestic purchases and 12 Edge Reward Points on international spending.
2. Get 100 Edge Reward Points on your first online transaction.
3. Enjoy 25% cashback on movie tickets, capped at ₹1,000 per year.
4. A minimum of 15% discount at partner restaurants through the Axis Bank Dining Delights Program.
5. 1% surcharge waiver on fuel purchases between ₹400 and ₹4,000, with a cap of ₹400 per month.

Axis Bank Platinum Credit Card Eligibility Criteria

1. Age Requirement: The applicant must be between 18 and 70 years of age.
2. Employment Status: Both salaried and self-employed individuals can apply.
3. Income: The applicant should have a stable income to ensure their ability to meet repayment obligations. Specific income criteria may vary.
4. Credit Score: A good credit score is essential. Applicants should have a history of timely payments and responsible credit use.
5. Nationality: The applicant must be a resident of India.

Documentation Required For Axis Bank Platinum Credit Card

• ID Proof: Aadhar card, Passport, Voter ID, or Driving License.
• Address Proof: Aadhar card, utility bills, Passport, etc.
• Income Proof: Salary slips, Form 60, or audited ITR.
• PAN Card: A copy of the PAN card is mandatory.
• Passport-sized Photograph: A recent photo of the applicant.

How to Apply for Axis Bank Platinum Credit Card

• Step 1: Visit the Axis Bank official website.
• Step 2: Navigate to the ‘Explore Products’ section and select ‘Credit Cards.’
• Step 3: Find and select the Axis Platinum Credit Card from the list.
• Step 4: Click on ‘Apply Now’ and fill in the required personal, financial, and contact details.
• Step 5: Submit the application form. The bank will verify the details and contact you for further processing.

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