Axis Bank Burgundy Debit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank Burgundy Debit Card is a premium offering designed for customers holding Burgundy Savings or Salary Accounts, providing exclusive, tailor-made privileges. It stands out with its higher withdrawal and purchase limits, free ATM withdrawals globally, complimentary movie and non-movie tickets, and access to exclusive airport lounges, along with waivers on various charges.

Transaction Limits & Usage

• Daily Cash Withdrawal Limit: ₹3 lakh
• Daily Purchase Limit (POS/Online): ₹8 lakh
• Contactless Payment Limit: Up to ₹5,000 for faster and safer shopping.
• International Usage:
  • Allows transactions across the world.
  • Service can be enabled through Branch, Axis Bank Mobile App, or Internet Banking.
  • Free ATM withdrawals from any bank's ATMs, in India and abroad.
  • Not applicable to NRO Debit cards; available for eligible NRE debit cards.

Fees and Charges

• Issuance Fee (Primary / Joint holder): Nil (waived for Burgundy accounts)
• Annual Fee (Primary / Joint holder): Nil (waived for Burgundy accounts)
• Annual Fee if Burgundy Status Not Maintained: ₹1500 plus tax
• Card Replacement Fee: Nil
• Domestic ATM Cash Withdrawal Charges: Nil
• Domestic ATM Non-Financial Charges: Nil
• International ATM Cash Withdrawals Charges: Nil
• International ATM Non-Financial Charges: Nil
• Cross-Currency Markup: 3.5% on international cash withdrawals and international purchase transactions.
• Dynamic Currency Conversion (DCC) Markup Fee: 1% plus GST
• Customized Card Design Fee: Not applicable.
• ATM Usage Charges: Applicable beyond the set free limit.
• Goods and Services Tax (GST): Will be charged on all applicable fees and charges, as per prevailing regulations.

Rewards & Offers

• EDGE REWARDS Points:
  • Earn 4 points for every ₹200 spent domestically.
  • Earn 6 points for every ₹200 spent internationally.
  • Points can be redeemed for 500+ rewards and offers from the eDGE Loyalty Rewards Catalogue.
• Complimentary Movie & Non-Movie Tickets:
  • Complimentary movie tickets (buy one, get one free) through bookings on BookMyShow.com and BookMyShow mobile app.
  • Complimentary 4 movie tickets per month, capped at ₹500 per ticket.
  • Complimentary 4 non-movie tickets per month, capped at ₹1,000 per ticket.
  • Only one complimentary ticket can be availed per day.
• Dining Delights with EazyDiner: Get ₹1,000 off and more via the Axis Bank Dining Delights Program.
• Airport Lounge Access:
  • 3 complimentary visits per quarter for the cardholder at domestic airport lounges.
  • 4 complimentary visits per year for the cardholder at international airport lounges.
  • 1 complimentary guest visit per quarter at domestic airport lounges.
  • Access to complimentary domestic airport lounge is based on a minimum eligible spend of ₹5,000 in the previous 3 calendar months.
  • For newly issued Debit Cards, the minimum spend criteria is waived for the month of issuance and the following 3 months.
• Insurance Coverage:
  • Personal accident insurance cover of ₹15 lakh.
  • Air accident cover of ₹1 crore.
  • Purchase protection of up to ₹50,000 for consumer durable goods purchased using the Debit Card, insured against fires, natural calamities, burglary, and housebreaking up to 90 days from the date of purchase.
  • Loss/delay in baggage & personal documents cover of 500 USD.
  • To avail insurance covers, the debit card needs to be used for purchases 90 days prior to the date of the mishap.
• Exclusive Benefits and Privileges (Platform Specific):
  • MasterCard World Platform: Offers lifestyle benefits, experiences, and travel offers.
  • Visa Infinite Platform: Includes complimentary golf features, shopping, dining, travel, and more offers.

Account & Eligibility Criteria

• The Burgundy Debit Card is issued to customers holding Axis Bank Burgundy Savings or Salary Accounts.
• An annual fee of ₹1500 plus tax is applicable if the Burgundy status is not maintained.

Debit Card Review

The Axis Bank Burgundy Debit Card is an excellent choice for high-net-worth individuals and those maintaining a Burgundy Savings or Salary Account with Axis Bank. Its primary appeal lies in the significantly high transaction limits, global free ATM withdrawals, and the waiver of issuance and annual fees for eligible account holders. The card offers a comprehensive suite of premium benefits, including generous complimentary movie and non-movie tickets, extensive airport lounge access (both domestic and international), and substantial insurance coverage for personal accidents, air accidents, purchase protection, and baggage/document loss. The EDGE REWARDS program provides competitive earning rates, especially on international spends, and dining offers add further value. While the cross-currency markup and DCC fee on international transactions are standard, the overall value proposition, especially with the waived fees and premium perks, makes it a highly rewarding debit card for those who meet the eligibility criteria and frequently utilize its lifestyle and travel benefits.

Important Product Details

• Positive Highlights:
  • Enhanced daily cash withdrawal limit of ₹3 lakh and purchase limit of ₹8 lakh.
  • Issuance and Annual charges are waived for Burgundy accounts.
  • Free ATM withdrawals from any bank's ATMs, in India and abroad.
  • Complimentary 4 movie tickets (capped at ₹500 per ticket) and 4 non-movie tickets (capped at ₹1,000 per ticket) per month via BookMyShow.
  • Complimentary airport lounge access: 3 domestic visits per quarter (plus 1 guest visit) and 4 international visits per year.
  • Comprehensive insurance covers: ₹15 lakh personal accident, ₹1 crore air accident, ₹50,000 purchase protection, 500 USD for baggage/documents.
  • EDGE REWARDS: 4 points for every ₹200 spent domestically, 6 points for every ₹200 spent internationally.
  • Dining offers with EazyDiner (₹1,000 off & more).
  • Contactless payment feature with an increased limit up to ₹5,000.
  • International usage capability.
• Negative Highlights:
  • An annual fee of ₹1500 plus tax is applicable if the Burgundy status is not maintained.
  • A cross-currency markup of 3.5% is applicable on international cash withdrawals and international purchase transactions.
  • A Dynamic Currency Conversion (DCC) markup fee of 1% plus GST is applicable.
  • Domestic airport lounge access requires a minimum eligible spend of ₹5,000 in the previous 3 calendar months (waived for new cards for initial period).
  • International transactions are not enabled on NRO Debit cards.
• Card Platform: Available on Mastercard World and Visa Infinite platforms, offering exclusive benefits and privileges specific to each.

Other Details

• Debit Card PIN Generation: Can be generated anytime at the nearest Axis Bank ATM or by calling Axis Bank phone banking.
• Instant Alerts: SMS alerts facility sends instant alerts each time the debit card is used to withdraw cash, along with other important information like balance inquiry, debit/credit alerts, and transaction details.
• Instant Card Blocking: In case of loss, theft, or suspected misuse, the card can be immediately blocked via SMS ('BLOCKCARD' to 5676782), Emergency Helpline Number (+91-22-67987700), Customer Care Number (1860-419-5555/1860-500-5555), or Internet Banking.
• Regulatory Note: In line with RBI regulations, international transactions are not enabled on NRO Debit cards.
• Terms & Conditions: All benefits and features are subject to terms and conditions, and users should refer to the bank's official documentation for full details. Updates to terms and conditions for the Debit Card and lounge access will be communicated to customers.
• Disclaimer: Users are advised not to use their Debit Card or online banking facility for collecting and effecting/remitting payments directly/indirectly outside India towards overseas foreign exchange trading through electronic/internet trading portals, as this may lead to contravention of FEMA, 1999, and KYC/AML regulations.