Axis Bank Executive Corporate Credit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank Executive Corporate Credit Card is designed to provide extraordinary experiences and memories for businesses, offering unsurpassed benefits and privileges on travel and entertainment. It aims to deliver substantial corporate savings and facilitate business transactions efficiently. Key benefits include complimentary domestic and international airport lounge access, airport concierge services, and golf sessions. Cardholders earn 4 reward points on domestic spends of Rs. 200 and 8 reward points on international spends of Rs. 200. Additional perks encompass dining benefits, comprehensive concierge services, contactless payment technology, and fuel surcharge refunds.

Welcome Benefits

• Not applicable

Fees

• Joining Fee: Rs. 3,500 (plus applicable taxes)
• Renewal Fee: Rs. 3,500 (plus applicable taxes)
• Spend-Based Waiver: Not applicable
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 2% of the total transaction amount (plus applicable GST)
• Interest Rates (Finance Charges): 3% of the Total Amount Due or a minimum charge of Rs. 350
• Late Payment Fee: 3% of the total amount due (minimum Rs. 350)
• Fuel Surcharge: 1% of the transaction amount is refunded for fuel transactions between Rs. 400 and Rs. 4,000, with a maximum cap of Rs. 400 per month/statement cycle.
• Cash Advance Charges: 2.5% of the amount withdrawn or Rs. 250 (whichever is higher), plus GST on the actual withdrawal amount.

Rewards

Lifestyle & Entertainment

• Airport Concierge (Meet & Greet):
  • Enjoy 3 complimentary VIP Assistance Services in a calendar year.
  • The primary cardholder can use the services for their accompanying guests.
  • Bookings should be made at least 48 hours before the service time.
  • Valid for domestic and international departures/arrivals at 29 airports across India.
  • To avail, visit www.extraordinaryweekends.com to place the request.
• Golf Program:
  • All Executive cardholders can book up to 4 complimentary golf rounds & 1 lesson in a year.
  • To book your experience, visit www.extraordinaryweekends.com or call the concierge at 1800 103 4962.
• Concierge Services:
  • Enjoy 24x7 Concierge Services to help manage all your bookings including Travel Services, Shopping Services, Golfing Services, Business Services, and much more.
  • To book your experience, visit www.extraordinaryweekends.com or call the concierge at 1800 103 4962.
• Dining Benefits:
  • Get up to 20% discount at over 4,000 restaurants all over India with Axis Dining Delights.
  • The cardholder can notify the restaurant just before the bill and get the discount by paying through the Axis Bank Executive Corporate Credit Card.

Travel Benefits

• International Lounge Access:
  • You and your accompanying guests can enjoy complimentary access to over 1,100 airport lounges worldwide up to 8 times in a calendar year.
  • Simply present your Axis Bank Executive Card, Boarding pass and identify yourself as a LoungeKey member at the lounge.
  • A pre-authorization of $35 per person is done to authenticate if the card is live and valid (this amount is typically reversed).
  • Access beyond complimentary visits will be charged at $35 or USD 32 per person per visit.
  • Currency conversion rate is applicable as on the date of settlement and shall reflect in your next statement.
  • Eligibility for complimentary visits is applicable upon payment of Annual fees.
• Domestic Lounge Access:
  • For airports within India, you can enjoy complimentary lounge access up to 4 times per quarter.
  • Swipe your Axis Bank Executive Corporate card at the eligible airport lounges to avail your free visits.
  • A transaction of ₹25/- will be made on the credit card for authentication, which will be reversed within 24 working hours.
  • Lounge access beyond the mentioned limit will be chargeable for primary cardholders as well as for their accompanying guests, at the Lounge's discretion.

Reward Points

• On every spend of ₹200, earn 4 Plus points on domestic spends.
• On every spend of ₹200, earn 8 Plus points on international spends.
• No Reward Points are earned on fuel transactions.

Insurance Coverage

• Emergency Hospitalization: $5,000
• Lost Card Liability: ₹2 Lakh
• Medical Evacuation: $3,000
• Hijack Distress Allowance: $1,000
• Critical Illness: ₹10 Lakh
• Baggage Delay: ₹30,000
• Missed connecting International: ₹30,000
• Delay in Check in Baggage: ₹30,000
• Loss of Check in baggage: ₹30,000
• Loss of documents (Passport, Visa): ₹10,000
• Corporate Liability Policy: ₹2,00,000
• Personal Accident (Air): Up to Rs. 10 Crore
• Global Personal Accident (Non-Air) (Includes Hijacking and Terrorism): Rs. 1 Crore
• All insurance benefits are subject to terms and conditions levied by Axis Bank.

Fuel Benefits

• Get a 1% refund on the surcharge applicable on fuel purchases made with Axis Bank Executive Corporate Credit Card.
• The waiver is applicable only on fuel transactions between Rs. 400 and Rs. 4,000.
• The maximum refund amount is capped at Rs. 400 per month/statement cycle.

Rewards Redemption Guide

• Redeem earned Plus Reward points on an exclusive reward redemption catalogue.
• Reward points can be redeemed for gift cards, stationery, electronic gadgets, lifestyle products, travel, and E-Vouchers.

Card Eligibility Criteria

• The minimum eligible age for this credit card is 21 years.
• The applicant should have a stable source of income.
• The applicant’s credit score and their business credit score might also be considered an important factor.

Documents Required

• For Credit Appraisal:
  • MOA/AOA (Memorandum of Association/Articles of Association)
  • Corporate PAN Card
  • Audited Annual Reports and Profit & Loss statements of Last 2 years
• Post Credit Appraisal:
  • Board Resolution
  • Corporate Application Form
• KYC of Individual Employees:
  • PAN Card
  • Photo ID Proof
  • Address Proof

Card Review

The Axis Bank Executive Corporate Credit Card is considered one of the best corporate cards offered by Axis Bank, providing significant benefits and offers tailored for businesses. It is particularly well-suited for businesses that incur a lot of travel expenses, thanks to its luxurious Airport Concierge Services, generous complimentary international and domestic lounge access, and competitive foreign currency markup. The card offers a robust reward rate, earning 4 Reward points on domestic spends of Rs. 200 and 8 Reward points on international spends of Rs. 200, making it a high-value proposition for various business expenditures. Beyond travel, cardholders also enjoy substantial lifestyle benefits such as complimentary golf rounds or lessons, 24/7 Concierge Services, and attractive dining discounts. Comprehensive features like extensive insurance covers and fuel surcharge refunds further enhance its appeal. While the annual fees are noted to be slightly higher compared to other business cards in the market, the breadth and depth of benefits provided are deemed to fully justify the cost, positioning it as a great deal for corporates.

Important Product Details

• Designed to provide extraordinary experiences, memories, and substantial corporate savings for businesses.
• Offers 4 Reward points on domestic spends of Rs. 200 and 8 Reward points on international spends of Rs. 200.
• Provides 3 complimentary VIP Airport Concierge services per calendar year, valid for domestic and international departures/arrivals at 29 airports across India.
• Includes up to 4 complimentary golf rounds or 1 lesson in a year.
• Features 24x7 Concierge Services for comprehensive booking and assistance needs (Travel, Shopping, Golfing, Business).
• Allows 8 complimentary international airport lounge accesses per calendar year for the cardholder and accompanying guests (via LoungeKey).
• Provides 4 complimentary domestic airport lounge accesses per quarter.
• Offers up to 20% discount on dining bills at over 4,000 restaurants through Axis Dining Delights.
• Comes with comprehensive insurance coverage, including Emergency Hospitalization ($5,000), Lost Card Liability (₹2 Lakh), Critical Illness (₹10 Lakh), Personal Accident (Air) (up to Rs. 10 Crore), and Global Personal Accident (Non-Air) (Rs. 1 Crore).
• Enabled with contactless payment technology for fast and secure transactions, with PIN required only for amounts ≥₹5000.
• Supports mobile wallets like Google Pay, Samsung Pay & Jio Pay through tokenization for hassle-free payments.
• Features a competitive foreign currency markup of 2% of the transaction amount (plus applicable GST).
• Includes a 1% fuel surcharge refund on transactions between ₹400 and ₹4000, with a maximum cap of ₹400 per month.
• Joining Fee: Rs. 3,500 (plus applicable taxes).
• Annual Renewal Fee: Rs. 3,500 (plus applicable taxes).
• Cash Advance Charges: 2.5% of the amount withdrawn or Rs. 250 (whichever is higher).

Other Details

• Cash Withdrawal Facility: For emergencies, the card is enabled with a cash withdrawal facility allowing up to 30% of your card limit. Cash Advance fee and GST are charged on the actual withdrawal amount.
• How To Apply:
  • Online: Visit Axis Bank’s official website, navigate to the ‘Cards’ section, then ‘Commercial Credit Cards’. Select the Axis Bank Executive Corporate Credit Card, click on ‘Explore more’ and proceed with the application.
  • Offline: Visit your nearest Axis Bank branch with all the required documents and complete the physical application form.