Axis Bank Platinum Credit Card – Benefits, Fees & Eligibility

Axis Bank Platinum Credit Card

Introduction

The Axis Bank Platinum Credit Card is a versatile entry-level card designed to offer a blend of security and privileges. It comes with an EMV certified chip for enhanced safety and provides a range of benefits including up to 25% cashback on movie tickets and a waiver on fuel surcharge up to Rs. 400 per month. Cardholders can also enjoy a minimum of 15% discount at partner restaurants through the Dining Delights program and the flexibility to convert transactions over Rs. 2,500 into EMIs. Additionally, the card rewards users with Edge Reward points on domestic and international spending, alongside bonus points for their first online transaction, and offers global emergency assistance. The card carries a joining fee of Rs. 500 and a renewal fee of Rs. 200, both of which can be waived based on spending criteria.

Welcome Benefits

• Earn 100 Edge Reward points on your first online transaction.

Fees

• Joining Fee: Rs. 500
  • The joining fee is waived off if you spend Rs. 5,000 or more within 45 days from the card activation date.
• Renewal Fee: Rs. 200 (from the second year onwards)
  • The renewal fee is waived off if you spend Rs. 1,00,000 (Rs. 1 lakh) or more in the previous year.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% on all foreign currency transactions.
• Interest Rates: 3.4% per month (40.80% per annum).
• Fuel Surcharge:
  • A 1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 4,000 at all petrol pumps across India.
  • Maximum benefit through fuel surcharge waiver is capped at Rs. 400 per statement cycle/month.
  • GST charged on fuel surcharge is non-refundable.
  • On certain fuel transactions, the fuel surcharge may be levied as INR 10 instead of 1% with additional GST.
• Cash Advance Charges: 2.50% of the withdrawn amount, subject to a minimum charge of Rs. 500.

Rewards

• Movies:
  • Get 25% cashback on online and box office movie ticket purchases on all days of the week.
  • Maximum cashback in a calendar year is limited to Rs. 1,000.
  • No reward points are earned on movie offer transactions.
  • Only transactions made at merchants registered as MCC 7832 or MCC 7922 are eligible for movie cashback.
• Dining:
  • Enjoy a minimum of 15% discount at partner restaurants across India with the Axis Bank Dining Delights Program.
• Reward Rate:
  • Earn 6 Edge Reward Points on every Rs. 200 spent domestically on the credit card.
  • Earn 12 Edge Reward Points on every Rs. 200 spent internationally on the credit card (2x Edge Rewards on international transactions).
  • No EDGE REWARD Points are earned on fuel transactions or movie-related transactions.
• Fuel:
  • 1% fuel surcharge waiver on all fuel transactions in India.
  • Valid on transactions between Rs. 400 and Rs. 4,000 only.
  • Maximum benefits up to Rs. 400 per statement cycle/month.
• Lifestyle & Shopping:
  • Wednesday Delight: Beat the mid-week blues with exciting offers every Wednesday:
    • Instant savings of up to 15% on flights & hotels via MakeMyTrip.
    • 10% off on orders via Swiggy.
    • 10% off up to Rs. 1,000 on Tira.
• High Security:
  • EMV certified chip and PIN protected for unrivaled protection.
  • EMV certified chip reduces the possibility of counterfeit and skimming fraud.
• Global Emergency Assistance: Easy access to Visa’s International Global Card Assistance Services.
• Convert Purchases to EMI: On any transaction over Rs. 2,500, convert such credit card purchases into EMIs through multiple options - Internet Banking, Mobile App or Customer Service channel.

Rewards Redemption Guide

• The accumulated EDGE REWARD points can be redeemed for purchasing vouchers, mobiles & accessories, home & decor, gadgets, appliances, and many more exciting offers.
• Redemption can be done via the Edge Rewards portal/catalogue.
• 1 Edge Reward Point = Re. 0.20.
• You can also convert your Edge Reward points against AirMiles, such as InterMiles and Club Vistara points.
• 5 Edge Reward points are equivalent to 1 InterMile or 1 Club Vistara point.

Card Eligibility Criteria

Eligibility rules

• The age of the applicant should be between 18 years and 70 years.
• The applicant should either be salaried or self-employed.
• The applicant should have a decent credit history.

Documents required

• ID Proof: Aadhaar Card, Passport, Voter’s ID, Driving license, etc.
• Address Proof: Aadhaar Card, electricity/telephone bill, driving license, Passport, etc.
• Income Proof: Salary Slip, audited ITR, or Form 60.
• Passport-sized photograph of the applicant.
• Copy of PAN Card.

Card Review

The Axis Bank Platinum Credit Card is a popular choice among entry-level credit cards, offering a good starting point for individuals embarking on their credit journey. It comes with exclusive rewards and discount offers across key categories like movies and dining. Cardholders can benefit significantly from the 25% movie cashback (up to Rs. 1,000 annually) and a minimum 15% discount at partner restaurants. The card also provides accelerated reward points on international transactions, earning 2x the points compared to domestic spending. Combined with a spend-based fee waiver for both joining and renewal, and a fuel surcharge waiver, this card offers substantial savings in the form of reward points, cashback, and discounts, making it a valuable option for everyday spending.

Important Product Details

• EMV certified chip and PIN protection for enhanced security against counterfeit and skimming fraud.
• 25% cashback on movie tickets, up to a maximum of Rs. 1,000 per calendar year.
• Minimum 15% discount on dining at partner restaurants across India.
• Earn 6 Edge Reward Points on every Rs. 200 spent domestically.
• Earn 12 Edge Reward Points (2x) on every Rs. 200 spent internationally.
• Receive 100 Edge Reward points as a welcome benefit on your first online transaction.
• 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000, capped at Rs. 400 per month.
• Joining fee of Rs. 500 waived on spending Rs. 5,000 within 45 days of card setup.
• Renewal fee of Rs. 200 waived on spending Rs. 1,00,000 in the previous year.
• Ability to convert any transaction over Rs. 2,500 into EMIs.
• Access to Wednesday Delight offers for instant savings on flights & hotels (MakeMyTrip), Swiggy, and Tira.
• Foreign currency markup fee of 3.5%.
• Interest rate of 3.4% per month (40.80% per annum).
• Cash advance charges are 2.5% of the withdrawn amount, with a minimum of Rs. 500.

Other Details

• How to Apply:
  • Online: Visit the Axis Bank’s official website, navigate to ‘Explore Products,’ select ‘Credit Cards’ under ‘Cards,’ choose the Platinum Credit Card, and click on ‘Apply Now’ to proceed with providing the required details.
  • Offline: Visit an Axis Bank branch and fill in the physical application form.
• Card Services: The card offers various services including Credit Card Control Center, Credit Card Authentication, Card Services, Card Protection, and access to Terms & Conditions for Credit Cards.
• Branch Locator: Users can locate the nearest branch through the bank's website.