Axis Bank Burgundy Private Credit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank Burgundy Private Credit Card is a premium offering from Axis Bank, specifically designed for high-income individuals and Burgundy Private account holders, for whom the card is absolutely free. Positioned as a super-luxurious lifestyle card, it stands out with zero forex markup, no cash advance fees, unlimited complimentary lounge access for primary, add-on cardholders, and guests, along with exclusive memberships to luxury hotel and dining programs like Club Marriott, Taj Epicure, ALL Accor+ Explorer, and EazyDiner Prime. It also provides significant benefits across travel, entertainment, dining, and golf, including 50 complimentary golf rounds annually.

Welcome Benefits

• Nil

Fees

• Joining Fee: ₹50,000 + GST (Nil for Burgundy Private Account Holders).
• Annual Fee: ₹50,000 + GST (Nil for Burgundy Private Account Holders).
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: Nil.
• Interest Rates: 1.5% per month.
• Fuel Surcharge Waiver: 1% surcharge waiver on all transactions between Rs. 400 & Rs. 4,000, capped at Rs. 400 per month.
• Cash Advance Charges: Nil.
• Other Fees (Effective from 20-12-2024):
  • 1% fee on cumulative spends of Rs. 10,000 or more on wallet per statement cycle.
  • 1% fee on cumulative spends of Rs. 50,000 or more on fuel transactions per statement cycle.
  • 1% fee on education payments made via third-party apps per statement cycle.
  • 1% fee on cumulative spends of Rs. 25,000 or more on utilities per statement cycle.
  • 1% fee on cumulative spends of Rs. 10,000 or more on online skill-based gaming platforms per statement cycle.

Rewards

• Reward Point Earning:
  • Earn 15 EDGE Reward Points for every Rs. 200 spent, translating to a 1.5% savings rate.
  • Insurance spends are eligible for a maximum of 6,000 EDGE Reward Points each month.
  • No EDGE Reward Points are earned for spends on government institutions, gold/jewellery, fuel, and utilities.
• Movie Benefits:
  • Get 1 complimentary movie/non-movie ticket every time you buy 1 ticket on BookMyShow.
  • Avail up to 5 free movie tickets and 5 free non-movie tickets each month.
  • Maximum benefit amount for movie tickets is capped at ₹500 per ticket.
  • Maximum benefit amount for non-movie tickets is capped at ₹1,000 per ticket.
• Dining Benefits:
  • Complimentary EazyDiner Prime membership, offering a discount of 25% or more on dining.
  • Save up to 40% at over 4,000 premium restaurants with the Axis Bank Dining Delights Program.
  • Exclusive dining experiences for special occasions.
• Travel Benefits:
  • Complimentary Club Marriott, Taj Epicure, and ALL Accor+ Explorer memberships.
  • Unlimited complimentary domestic lounge access for primary and add-on cardholders.
  • Unlimited complimentary international lounge access for primary and add-on cardholders.
  • 12 complimentary guest visits per year at domestic lounges.
  • 12 complimentary guest visits per year at international airport lounges.
  • 8 complimentary concierge services on airport visits in India annually.
  • Discount of up to 15% and exclusive stay privileges at Postcard hotels.
  • Up to 50% savings on Oberoi properties.
  • Up to 30% discount on conveyance to Indian & international airports.
  • Global travel and medical assistance while traveling overseas.
• Golf Benefits:
  • 50 complimentary rounds of green fees every year, including 4 international complimentary golf rounds/lessons.
• Insurance Benefits:
  • Air accident insurance coverage worth Rs. 4.5 crores.
  • Travel insurance for loss/delay in baggage.
  • Lost card liability.
  • Purchase protection cover.
  • Credit shield.
• Lifestyle & Other Benefits:
  • 24*7 concierge services to assist with flight bookings, table reservations, shopping assistance, and more.
  • 1 complimentary health and wellness session and up to 25% savings on all other health sessions on Weliji.
  • Consultations with world-class medical specialists for second opinions.
  • Diagnoses at leading medical institutions.
  • Extraordinary Experiences from across the world.

Rewards Redemption Guide

• EDGE Reward Points can be transferred to Partner Airlines and Hotel Programs at a ratio of 5:4.
• Points can be redeemed at the Edge Rewards portal against shopping, flight/hotel bookings, gift vouchers, and various products.
• 1 Edge Reward Point is equivalent to ₹0.20 (meaning 5 Reward Points equal 1 Rupee).

Card Eligibility Criteria

• Available to Burgundy Private account holders.
• Requires a Total Relationship Value (TRV) of Rs. 5 Crores or more within the first 12 months after account opening.
• This criterion applies to both salaried and non-salaried Burgundy Private clients.
• In the event of discontinuation of the Burgundy Private status, the card will be converted to the corresponding complimentary credit card of the downgraded savings account.

Card Review

The Axis Bank Burgundy Private Credit Card is a top-tier offering from Axis Bank, providing exceptional value for high-net-worth individuals. Its key strengths include zero cash advance fees and no foreign currency markup, making it highly beneficial for international transactions. Cardholders enjoy a consistent 1.5% savings rate on most spends, along with significant savings on fuel, dining, and movie tickets. A standout feature is the complimentary lounge access, which extends not only to primary and add-on cardholders but also includes 12 guest visits annually for both domestic and international lounges, a unique privilege. The card is ideal for those who lead a super-luxurious lifestyle and seek maximum saving opportunities across various categories, especially travel, dining, and entertainment, complemented by extensive insurance and concierge services.

Important Product Details

• Earn 15 Edge Reward points on every Rs. 200 spent.
• Complimentary memberships to EazyDiner Prime, Club Marriott, Taj Epicure, and ALL Accor+ Explorer.
• Up to 5 complimentary movie and 5 non-movie tickets every month on BookMyShow.
• Unlimited complimentary domestic and international lounge access for primary and add-on cardholders, plus 12 guest visits annually for both.
• 50 complimentary golf rounds every year (including 4 international rounds/lessons).
• No cash advance charges and no forex markup fee.
• No interest levied on cash withdrawals till the payment due date.
• Dynamic credit flexibility limit during overseas travel.
• Air accident insurance coverage worth Rs. 4.5 crores.
• 24*7 concierge services.
• 1% fuel surcharge waiver up to Rs. 400 per month.
• No EDGE Reward Points for government institutions, gold/jewellery, fuel, and utilities.
• Insurance spends are capped at a maximum of 6,000 EDGE Reward Points per month.
• New fees on cumulative spends for wallet, fuel, education, utilities, and online skill-based gaming platforms will be effective from December 20, 2024.

Other Details

• This is an "Invite Only" card.
• The card embodies "The One Card" philosophy, combining benefits of a credit card, debit card, and forex card.
• Customers may not be able to avail hotel memberships through Axis Bank credit card if they already have an active membership with these hotel partners; they can cancel their current membership or avail benefits once the live membership expires by sending a consent form.
• All features and benefits are also applicable to the Burgundy Private NRI Credit Card variant.
• Concierge services can be reached at 1800 103 4962.
• Terms and conditions for Burgundy Private – The One Card were updated effective 20th April 2024.