Axis Bank Pride Platinum Credit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank Pride Platinum Credit Card is an exclusive offering from Axis Bank, specifically designed for Indian Armed Forces personnel and Government of India employees. Positioned as a mid-range card, it stands out with its personalized design featuring Indian Tricolor shades and a dedicated line for the Indian Navy, Army, or Air Force. Key benefits include a waiverable annual fee, a 15% discount at partner restaurants, and a 1% fuel surcharge waiver.

Welcome Benefits

N/A

Fees

• Joining Fee: Nil
• Annual Fee:
  • 1st Year: Nil
  • 2nd Year onwards: ₹250 + GST
• Spend-Based Waiver: The annual fee of ₹250 is waived on spending ₹20,000 or more in the preceding year. Rent transactions (MCC 6513) and wallet load transactions (MCC 6540) are not eligible for spends counted towards the annual fee waiver.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% of the transaction value.
• Interest Rates (Finance Charges): 3.75% per month (55.55% per annum) on retail purchases and cash advances.
• Fuel Surcharge: 1% waiver on fuel surcharge at all fuel stations in India for transactions between ₹400 and ₹4,000. The maximum waiver is ₹250 per statement cycle. GST charged on fuel surcharge is non-refundable. No EDGE REWARD Points are earned on fuel transactions.
• Cash Advance Charges: 2.5% of the amount withdrawn or ₹500, whichever is higher.
• Add-on Card Joining Fee: Nil
• Add-on Card Annual Fee: Nil
• Card Replacement: Nil
• Cash Payment Fee: ₹175
• Duplicate Statement Fee: Waived
• Charge Slip Retrieval Fee or Copy Request Fee: Waived
• Outstation Cheque Fee: Waived
• Mobile Alerts for Transactions: Free
• Hotlisting Charges: Nil
• Balance Enquiry Charges: Waived
• Overdue Penalty or Late Payment Fee:
  • Nil if Total Payment Due is less than ₹500
  • ₹500 if total payment due is between ₹501 - ₹5,000
  • ₹750 if total payment due is between ₹5,001 - ₹10,000
  • ₹1200 if total payment due is greater than ₹10,000
  • An additional ₹100 charge will be levied if the 'Minimum Amount Due (MAD)' is not paid for two consecutive cycles and will apply until the MAD is cleared.
• Over Limit Penalty: 2.5% of over the limit amount (Minimum ₹500).
• Cheque return or dishonour Fee or Auto-debit Reversal: 2% of the payment amount, subject to a Minimum of ₹500.
• Surcharge on purchase or cancellation of Railway Tickets: As prescribed by IRCTC/Indian Railways.
• GST: As per existing Government norms.
• Rent Transaction Fee: 1% fee per transaction will be applicable on each rental transaction. Taxes will be applicable as notified by the Government of India.
• Dynamic Currency Conversion Markup: 1.5% plus taxes will be applicable for each international transaction performed in Indian currency at an international location or transactions performed in Indian currency with merchants located in India but registered in a foreign nation.
• Education Payment Charges: 1% fee per transaction will be applicable on education payments made via third-party apps.
• Wallet Load Transaction Fee: 1% fee will be applicable on cumulative spends of ₹10,000 or more on wallet loads per statement cycle.
• Fuel Transaction Fee: 1% fee will be applicable on cumulative spends of ₹50,000 or more on fuel transactions per statement cycle.
• Utility Transaction Fee: 1% fee will be applicable on cumulative spends of ₹25,000 or more on utilities per statement cycle.
• Online Skill-Based Gaming Transaction Fee: 1% fee will be applicable on cumulative spends of ₹10,000 or more on online skill-based gaming platforms in a statement cycle.

Rewards

• Rewards Rate: Earn 4 EDGE Reward Points for every ₹200 spent using the card.
• Dining: Enjoy delicious cuisine with Axis Bank Dining Delights, offering a minimum of 15% discount at partner restaurants all over India.
  • Offer Details: 15% off up to ₹500.
  • Minimum Order Value: ₹2500.
  • Valid once per card per month.
• No Rewards on Fuel: No EDGE Reward Points are earned on fuel transactions made using the credit card.

Rewards Redemption Guide

• Redemption Value: 1 EDGE Reward Point = ₹0.20.
• Redemption Options: Points can be redeemed against a variety of options available at the Edge Rewards website (500+ options).
• Redemption Fee: The Axis Bank Pride Platinum Credit Card does not charge any reward redemption fee.

Card Eligibility Criteria

• Primary Cardholder Age: Should be between 18 and 70 years.
• Add-on Cardholder Age: Should be over 18 years.
• Residency: Individual should either be a Resident of India or a Non-Resident Indian.
• Documents Required:
  • PAN card photocopy or Form 60.
  • Colour photograph.
  • Latest payslip/Form 16/IT return copy as proof of income.
  • Residential proof (any one of the following): Passport, Ration Card, Electricity bill, Landline telephone bill.
  • Identity proof (any one of the following): Passport, Driving license, PAN card, Aadhaar card.
• Note: These criteria and document lists are indicative, and the bank reserves the right to approve or decline applications. Documents required may vary on a case-to-case basis.

Card Review

The Axis Bank Pride Platinum Credit Card is a unique offering best suited for Indian defense personnel and Government of India employees who frequently dine out. It comes with a zero joining fee, making it an attractive option for those seeking a card without upfront charges. While there is a nominal annual fee of ₹250, it can be easily waived by spending ₹20,000 or more in the preceding year, which is a reasonable amount for most users. The card provides exclusive spend-based reward points that can be redeemed without any redemption fee, adding to its value. Its personalized design, a token of respect for the Indian Armed Forces, offers a distinct privilege. The card also provides secure spending with an EMV-certified chip and PIN protection, along with zero lost card liability.

Important Product Details

• Personalized Pride card with Indian Tricolor shades.
• Dedicated 4th line for Indian Navy, Army, or Air Force.
• No joining fee is charged.
• Annual fee of ₹250 + GST, waived on spending ₹20,000 or more in the preceding year (excluding rent and wallet load transactions).
• 15% off on dining at all partner restaurants in India (up to ₹500, min order ₹2500, once per month).
• Earn 4 EDGE Reward Points per ₹200 spent (effective reward rate of 0.4%).
• 1% fuel surcharge waiver for transactions between ₹400 and ₹4,000, with a maximum waiver of ₹250 per month.
• EMV-certified chip and PIN protected for secure spending.
• Zero Lost Card Liability protection against fraudulent use from the moment loss is reported.
• Option to convert any transaction over ₹2,500 into EMIs.
• Add-on cards available for spouse, parents, children, and siblings over 18 years of age.

Other Details

• The card is exclusively tailored for brave personnel serving in Indian Defence Forces and Government of India employees.
• The card provides an interest-free period ranging from 18 to 23 days from the statement generation date.
• Report a lost or stolen card immediately by calling Axis Bank customer service at 1860 500 5555 or 1860 419 5555.
• The card offers "Wednesday Delight" with instant savings of up to 15% on flights & hotels via MakeMyTrip, 10% off on orders via Swiggy, and 10% off up to ₹1000 on Tira.
• The bank reserves the right to approve or decline applications for credit cards.
• Terms and Conditions apply for various features and benefits; refer to the card member agreement for details.