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

Introduction

The Axis Bank Pride Signature Credit Card is an exclusive offering from Axis Bank, specifically designed for Indian defence personnel. Positioned as an entry-level card, it is considered the more premium option compared to the Pride Platinum Credit Card. This card stands out with its patriotic theme, featuring shades of the Indian Tricolor and a dedicated fourth embossing line. Key benefits include earning EDGE REWARD Points on spends, complimentary domestic lounge access, and attractive dining discounts at partner restaurants.

Welcome Benefits

No specific welcome benefits are mentioned for this card.

Fees

• Joining Fee: Nil
• Annual Fee:
  • 1st Year: Nil
  • 2nd Year onwards: ₹500 + GST
• Spend-Based Waiver: The renewal fee of ₹500 is waived off if annual spends exceed ₹40,000 in the preceding year. Rent transactions (MCC 6513) and wallet load transactions (MCC 6540) will not be eligible for spends counted towards the annual fee waiver.
• Rewards Redemption Fee: Nil (as per Input 1). However, Input 2 lists 'Reward Redemption fee | Yes' in its fees table, implying a fee may apply.
• Foreign Currency Markup: 3.50% of the forex transaction value.
• Interest Rates (Finance Charges):
  • 3.75% per month (55.55% annually) for retail purchases and cash.
  • Note: Input 1 FAQs mention an interest rate of 2.95% per month.
• Fuel Surcharge Waiver:
  • 1% fuel surcharge is waived off on all transactions between ₹400 and ₹4,000 at all filling stations across India.
  • The maximum waiver is capped at ₹400 per month (or per statement cycle).
  • GST charged on fuel surcharge is non-refundable.
• Cash Advance Charges: 2.5% of the withdrawn amount, subject to a minimum charge of ₹500.
• Add-on Card Joining Fee: Nil
• Add-on Card Annual Fee: Nil
• Card Replacement Fee: 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 Fees:
  • 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 the over limit amount (Minimum ₹500).
• Cheque Return or Dishonor 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 8 EDGE REWARD Points for every ₹200 spent using the card.
• Reward Exclusions: No Reward Points are earned for utilities, education, insurance, government services, wallet, rent, and fuel transactions.
• Dining Benefits:
  • Enjoy a minimum discount of 15% on dining bills at over 4,000 premium partner restaurants in India through Axis Bank Dining Delights.
  • Offer details: 15% off up to ₹500, with a minimum order value of ₹2500, valid once per card per month.
• Travel Benefits:
  • Domestic Lounge Access: Receive 2 complimentary visits to select domestic airport lounges every calendar quarter.
  • International Lounge Access: No complimentary international lounge access is provided with this card.
• Wednesday Delight: Beat the mid-week blues with exciting offers every Wednesday:
  • Instant savings of up to 15% on flights & hotels via Goibibo and Makemytrip.
  • 10% off on orders via Swiggy and Amazon Fresh.
  • 10% off up to ₹1000 on Tira.
• Add-on Cards: Get free add-on cards for loved ones, including spouse, parents, children, and siblings over 18 years of age.
• Security Features:
  • EMV certified chip credit card, chip and PIN protected for enhanced security.
  • EMV certified chip reduces the possibility of counterfeit and skimming fraud.
• Zero Lost Card Liability: Protected against any fraudulent use of the card from the moment the loss is reported to Axis Bank customer service.

Rewards Redemption Guide

• Redemption Portal: EDGE REWARD Points can be redeemed at the EDGE REWARDS Portal/Catalogue.
• Point Value: 1 EDGE REWARD Point is equivalent to ₹0.20.
• Redemption Options: Points can be redeemed for shopping/travel vouchers or products from the given catalog.

Card Eligibility Criteria

• Primary Cardholder: Must be an Indian Defence personnel.
• Age of Primary Cardholder: Between 18 and 70 years.
• Add-on Cardholder(s): Must be above 18 years of age.
• Residency: Individual should either be a Resident of India or a Non-Resident Indian.
• Bank's Discretion: These criteria are indicative, and the bank reserves the right to approve or decline applications.

Documents Required

• Identity Proof (any one): Passport, Driving License, PAN Card, Aadhaar card.
• Residence Proof (any one): Passport, Ration Card, Electricity bill, Landline telephone bill.
• Income Proof: Latest payslip / Form 16 / IT return copy.
• Other Documents: PAN card photocopy or Form 60/97, Colour photograph.
• Note: This list is indicative, and required documents may vary on a case-to-case basis.

Card Review

The Axis Bank Pride Signature Credit Card is a unique offering tailored for Indian defence personnel, distinguished by its patriotic design featuring the Indian Tricolor and a dedicated fourth embossing line. For a card with an annual fee of ₹500, it offers a decent reward rate of 0.8% (8 EDGE REWARD Points for every ₹200 spent). Additional benefits include complimentary domestic lounge access and dining discounts, making it a valuable option.

• Pros:
  • The annual charge can be waived if you spend at least ₹40,000 in the card anniversary year.
  • Offers a unique patriotic theme and personalized card features.
  • Provides valuable travel (lounge access) and dining benefits.
• Cons:
  • Unlike many other defence-specific credit cards, this card does not offer lower interest rates for military personnel.
  • No international lounge access.
  • Reward points are not earned on several common spending categories like utilities, education, insurance, government services, wallet, rent, and fuel.

Overall, if you are an Indian defence personnel, this credit card from Axis Bank is certainly worth considering for its exclusive features and benefits.

Important Product Details

• Unique color theme with shades of the Indian Tricolor and a dedicated fourth embossing line.
• Earn 8 EDGE REWARD Points on every ₹200 spent with the card.
• Minimum 15% discount on dining bills at partnered restaurants.
• Two complimentary domestic lounge accesses per calendar quarter.
• Renewal fee waiver on annual spends of ₹40,000 in the previous year.
• 1% fuel surcharge waiver for transactions between ₹400 and ₹4,000, with a maximum waiver of ₹400 per month.
• Personalised card with the dedicated 4th embossing line for serving the nation.
• EMV certified chip and PIN protected for unrivalled security.
• Stay protected with Zero Lost Card Liability.
• Free add-on cards available for cardholder's spouse, parents, children, and siblings over 18 years of age.

Other Details

• The card is exclusive for Indian Defence Personnel.
• For reporting a misplaced or stolen card, contact Axis Bank customer service at 1860 500 5555 or 1860 419 5555.
• All benefits and features are subject to terms and conditions.