Axis Bank Prestige Debit Card – Benefits, Fees & Eligibility

Introduction

The Prestige Debit Card from Axis Bank is designed exclusively for its Prestige Savings Account holders, offering a suite of premium benefits. Key differentiating features include an exclusive cashback program with up to 3% on travel, 2% on shopping, and 1% on fuel, along with complimentary INOX movie tickets. Cardholders also enjoy high daily transaction limits of ₹1 lakh for ATM withdrawals and ₹5 lakh for purchases, comprehensive insurance coverage up to ₹1 crore for air accidents, and complimentary airport lounge access.

Transaction Limits & Usage

• Daily ATM Withdrawal Limit: ₹1 lakh
• Daily Purchase Limit (POS/Online): ₹5 lakh
• Minor Debit Card Limits:
  • Daily cash withdrawal limit: ₹5,000
  • Daily purchase limit: ₹10,000
• Contactless Payment Limit: Up to ₹5,000
• International Usage: Available for transactions across the world, including international websites. This service can be enabled through a Branch, Axis Bank Mobile App, or Internet Banking.
• Security: Chip and PIN enabled for enhanced transaction security.

Fees and Charges

• Card Platform: Visa
• Primary Holder Issuance Fees: NIL
• Joint Holder Issuance Fees: ₹500
• Primary/Joint Holder Annual Fees: ₹500
• Replacement Fee: ₹200
• Domestic ATM Cash Withdrawal Charges: ₹23 (applicable beyond the set free limit)
• Domestic ATM Non-Financial Transaction Charges: ₹10 (applicable beyond the set free limit)
• International ATM Cash Withdrawal Charges: ₹125
• International ATM Non-Financial Transaction Charges: ₹25
• Cross-Currency Mark-up: 3.5% will be levied on all international cash withdrawal and purchase transactions.
• Dynamic Currency Conversion (DCC) Markup Fee: 1% plus GST will be applicable.
• Service Tax: Applicable on all mentioned fees & charges.

Rewards & Offers

• Exclusive Cashback Benefit:
  • Get 3% cashback on travel bookings.
  • Receive 2% cashback on shopping at select merchant categories.
  • Get 1% cashback on fuel transactions across any fuel stations.
  • Minimum transaction size for cashback: ₹1,000.
  • Maximum total applicable cashback: ₹500 per month across all cashback categories.
• Complimentary Movie Tickets:
  • Get a complimentary movie ticket (buy one, get one, up to ₹200) through bookings on the INOX website, INOX mobile app, and INOX theatres.
• EDGE REWARD Points:
  • Earn 2 EDGE REWARD points for every ₹200 spent on domestic and International transactions.
  • EDGE REWARDS points are not awarded on cashback categories and certain merchant categories, including charities, Mutual Funds, telecom bills, educational fees, utility bills, government insurance or public sector life insurance purchases, purchase of foreign currency, post office payments, and fuel and transportation costs.
  • The EDGE REWARD structure on the Debit Card was revised effective 15th June 2022.
• Airport Lounge Access:
  • Complimentary lounge access of 1 per quarter.
  • Access 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 as well as for the following 3 months.
• Insurance Coverage:
  • Personal accident insurance coverage of up to ₹10 lakh.
  • Air accident insurance coverage of up to ₹1 crore.
  • Price protection of up to ₹50,000.
  • Purchase protection of up to ₹50,000.
  • Insurance coverage on baggage loss/checked-in baggage and baggage delay of up to USD 500.

Account & Eligibility Criteria

• Eligibility: The Prestige Debit Card is exclusively designed for Prestige Saving Account holders.

Important Product Details

• Card Platform: Visa
• Positive Highlights:
  • High daily transaction limits (₹1 lakh ATM withdrawal, ₹5 lakh purchase).
  • Attractive cashback offers (3% travel, 2% shopping, 1% fuel) with a monthly cap of ₹500.
  • Complimentary movie tickets (Buy One Get One up to ₹200) at INOX.
  • Complimentary airport lounge access (1 per quarter, subject to spend criteria).
  • Comprehensive insurance benefits including personal accident, air accident, price protection, purchase protection, and baggage loss coverage.
  • International usage capability.
  • Earns EDGE REWARD points on most domestic and international transactions.
  • Contactless payment facility with an increased limit.
  • Enhanced security with Chip and PIN.
• Negative Highlights:
  • Annual fees and joint holder issuance fees apply.
  • Charges for domestic and international ATM cash withdrawals and non-financial transactions beyond free limits.
  • Cross-currency and Dynamic Currency Conversion (DCC) mark-up fees on international transactions.
  • Lounge access is conditional on a minimum spend of ₹5,000 in the previous quarter (waived for new cards for initial months).
  • EDGE REWARD points are not awarded on cashback categories and several other merchant categories.

Other Details

• Contactless Payments: Enjoy convenience with an increased payment limit of up to ₹5,000.
• Debit Card PIN Generation: PIN can be generated anytime at an Axis Bank ATM or by calling Axis Bank Phone Banking.
• Instant Alerts: SMS alerts facility sends instant notifications for cash withdrawals, balance inquiries, 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, Emergency Helpline Number (+91-22-67987700 or 1860-419-5555/1860-500-5555), or through Internet Banking.
• Terms and Conditions Updates: Terms and conditions on the Axis Bank Debit Card were updated effective 1st May, 2024.
• Disclaimer: Cardholders are advised not to use their Debit Card or online banking for collecting/effecting/remitting payments directly/indirectly outside India for overseas foreign exchange trading through electronic/internet trading portals, as this may lead to contravention of FEMA, 1999, and violations of KYC/AML norms.
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