This is an article which consists of the detailed conversation on Axis Bank Visa Platinum Credit Card Benefits , features and who can apply for this credit card.
Table of Contents
Introduction to the Axis Bank Visa Platinum Credit Card Benefits (1)
The Axis Bank Visa Platinum Credit Card is designed for individuals seeking a rewarding lifestyle with added financial convenience. Whether you’re shopping, dining, or traveling, this card provides access to a world of benefits while also offering enhanced savings opportunities.
With a perfect blend of financial flexibility and lifestyle privileges, the Visa Platinum Credit Card from Axis Bank caters to a wide audience. From cashback rewards to fuel surcharge waivers, this credit card offers something for everyone.
In today’s fast-paced world, credit cards have become an essential financial tool, offering convenience, rewards, and access to exclusive privileges. Among the leading offerings in the credit card space, the Axis Bank Visa Platinum Credit Card benefits stands out for its exceptional benefits and features tailored to meet the needs of modern users.
This comprehensive guide will take you through everything you need to know about the Axis Bank Visa Platinum Credit Card, including its benefits, features, pros, cons, and why it might be the right choice for you.
Key Features of the Axis Bank Visa Platinum Credit Card Benefits (2)
- Global Acceptance
The Axis Bank Visa Platinum Credit Card is accepted at millions of merchants worldwide, ensuring you can use it wherever you travel. - Reward Points Program
Earn reward points on every transaction. These points can be redeemed for a variety of options, including shopping vouchers, flight tickets, and more. - Fuel Surcharge Waiver
Save on your fuel expenses with a surcharge waiver, available at select fuel stations across India. - EMI Conversion
High-value transactions can be easily converted into Equated Monthly Installments (EMIs), providing greater financial flexibility. - Contactless Payment Technology
Make secure and swift payments using the contactless feature, which eliminates the need to swipe or dip your card for transactions. - Complimentary Insurance Coverage
Enjoy peace of mind with complimentary insurance coverage that includes lost card liability and accidental death insurance.
Axis Bank Visa Platinum Credit Card Benefits (3)
1. Reward Points on Every Transaction
One of the biggest advantages of the Axis Bank Visa Platinum Credit Card benefits is its rewards program. You can earn points on everyday spending such as groceries, dining, and travel. These points can be redeemed for attractive options from the Axis Bank rewards catalog.
- Earn 2 reward points for every ₹200 spent.
- Accelerated reward points on specific categories like dining and shopping.
- Redeem points for exclusive deals on travel, electronics, and gift vouchers.
2. Fuel Surcharge Waiver
Rising fuel costs can strain your budget. With the Axis Bank Visa Platinum Credit Card benefits , you get a fuel surcharge waiver at fuel stations across India.
- Waiver applicable for transactions ranging from ₹400 to ₹4,000.
- Saves up to 1% on your fuel spends.
3. Dining Discounts
If you love dining out, the Axis Bank Visa Platinum Credit Card benefits is your perfect companion.
- Enjoy discounts of up to 15% at partner restaurants under the Dining Delights Program.
- Exclusive offers on premium dining experiences.
4. Easy EMI Options
Big purchases don’t have to mean big stress. Axis Bank offers easy EMI conversion options for high-value transactions made with the Visa Platinum Credit Card benefits .
- Flexible EMI tenures ranging from 3 to 24 months.
- Competitive interest rates.
- Simple process to convert purchases into EMIs via net banking or customer care.
5. Insurance Benefits
Stay protected with the complimentary insurance benefits offered with the Axis Bank Visa Platinum Credit Card benefits .
- Coverage for lost card liability up to ₹2,00,000.
- Personal accident cover of up to ₹2,50,000.
6. Zero Liability for Lost Card
In case your card is lost or stolen, you are protected against unauthorized transactions if reported in a timely manner.
7. Contactless Transactions
Enjoy seamless and secure transactions with Visa’s Contactless Payment Technology. Tap your card at enabled terminals for purchases under ₹5,000 without entering your PIN.
8. Global Customer Support
Axis Bank provides 24/7 customer support to address your concerns, including lost card reporting, account queries, and reward point redemptions.
Who Should Get the Axis Bank Visa Platinum Credit Card Benefits? (4)
- Individuals who frequently dine out or travel.
- Those looking to earn reward points on regular spending.
- People who seek financial flexibility through EMI options.
- Consumers who value added benefits like insurance coverage and global acceptance.
How to Apply for the Axis Bank Visa Platinum Credit Card (5)
Applying for the Axis Bank Visa Platinum Credit Card is a simple process. You can apply online or visit your nearest Axis Bank branch.
Eligibility Criteria:
- Minimum age: 18 years.
- Indian resident.
- Regular source of income.
Documents Required:
- Identity proof (Aadhaar, PAN, or Passport).
- Address proof (Utility bills, Aadhaar, etc.).
- Income proof (Salary slips or bank statements).
How to Apply for Axis Bank Visa Platinum Credit Card
The Axis Bank Visa Platinum Credit Card offers a range of benefits such as reward points, travel perks, and exclusive offers. Here’s how you can easily apply for the card:
1. Online Application via Axis Bank Website
- Step 1: Visit the official Axis Bank website.
- Step 2: Navigate to the “Credit Cards” section.
- Step 3: Choose the Visa Platinum Credit Card from the list of available options.
- Step 4: Click on the Apply Now button.
- Step 5: Fill in your personal details, such as name, contact number, email address, and income details.
- Step 6: Upload the required documents (proof of identity, address, and income).
- Step 7: Submit the application. You will receive an acknowledgment of your application submission.
2. Apply Through Axis Bank Mobile App
- Step 1: Download and install the Axis Bank mobile app from the Google Play Store or Apple App Store.
- Step 2: Open the app and log in to your Axis Bank account.
- Step 3: Navigate to the Credit Cards section and select the Visa Platinum Credit Card.
- Step 4: Fill in the necessary personal and financial details.
- Step 5: Submit the form, and wait for the bank to review your application.
3. Apply Through Axis Bank Branch
- Step 1: Visit your nearest Axis Bank branch.
- Step 2: Request the bank officer to help you apply for the Visa Platinum Credit Card.
- Step 3: Provide your personal details and necessary documents for verification.
- Step 4: Fill out the application form provided by the bank.
- Step 5: Submit the form and wait for approval. The bank will guide you through the next steps.
4. Apply via Axis Bank Customer Care
- Step 1: Call Axis Bank’s customer care at their official toll-free number or use their online chat service.
- Step 2: Ask the representative about the application process for the Visa Platinum Credit Card.
- Step 3: Follow the steps provided by the customer care agent to apply either online or in-branch.
Advantages of the Axis Bank Visa Platinum Credit Card (6)
1. Reward Points on Transactions
Earn 2 reward points for every ₹200 spent on the card. This ensures you are rewarded for your everyday expenses, whether it’s groceries, dining, or shopping. Over time, these points accumulate and can be redeemed for exciting rewards like vouchers, electronics, or air tickets.
2. Dining Discounts
Up to 15% off at partner restaurants under the Dining Delights Program. Foodies and families who dine out frequently can enjoy significant savings at restaurants across India. It enhances the card’s appeal to individuals who seek lifestyle benefits.
3. Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000.Regular drivers and commuters benefit from reduced fuel expenses. This waiver ensures that your daily or weekly fuel fills don’t add up to extra costs over time.
4. Complimentary Insurance Coverage
Insurance benefits, including lost card liability (up to ₹2,00,000) and personal accident cover (up to ₹2,50,000).Cardholders are protected against unforeseen events. Whether it’s accidental loss or theft of the card, you’re shielded from fraudulent transactions. This benefit provides peace of mind, especially for frequent travelers.
5. Easy EMI Options
High-value purchases can be converted into EMIs with flexible repayment tenures. This is ideal for managing expensive purchases without straining your budget. The ability to split payments into smaller monthly installments at competitive interest rates ensures greater financial flexibility.
6. Contactless Payments
Tap-and-pay feature for transactions under ₹5,000. Offers convenience and security, allowing quick payments without needing to swipe or input a PIN. This technology is also safer as it reduces physical contact during transactions.
7. Global Acceptance
Accepted at millions of merchants worldwide. The card is highly suitable for international travelers, ensuring seamless transactions abroad.
8. Low Annual Fee with Waiver
₹500 annual fee, waived off if you meet the annual spending threshold. Low-cost access to premium benefits. For those who meet the spending criteria, the card effectively becomes free.
9. 24/7 Customer Service
Round-the-clock global customer assistance. Whether you need help with card-related queries, lost card reporting, or reward redemptions, Axis Bank ensures you’re always supported.
10. Enhanced Security Features
Advanced security protocols, including EMV chip technology and zero liability for lost card misuse. Transactions are secure from unauthorized access, and the liability cover ensures you aren’t financially impacted in case of card loss.
Cons of the Axis Bank Visa Platinum Credit Card
1. Low Reward Points Rate
Only 2 reward points for every ₹200 spent, with no accelerated points for key categories like online shopping or utilities. Compared to premium cards, the reward rate is relatively modest. Customers looking for higher returns on their spending might find this underwhelming.
2. Limited Reward Redemption Options
Reward points can only be redeemed through Axis Bank’s rewards catalog. The redemption catalog might not offer enough variety for everyone. Additionally, some high-value items may require significant points, making it challenging to redeem them for regular spenders.
3. Fuel Surcharge Waiver Restrictions
Waiver is only applicable for transactions between ₹400 and ₹4,000.Small fuel purchases below ₹400 or bulk refuels exceeding ₹4,000 don’t qualify for the waiver. This restriction may limit the benefits for some users.
4. Foreign Transaction Fees
Currency conversion and transaction fees are applicable for international spends. While the card is globally accepted, international travelers may incur higher fees compared to travel-focused credit cards that offer no foreign transaction fees.
5. No Premium Travel Benefits
Unlike premium credit cards, this card doesn’t provide access to airport lounges, travel insurance, or exclusive travel rewards. Frequent flyers and luxury travelers might miss out on travel-related privileges.
6. Annual Fee for Inactive Users
The ₹500 annual fee is waived only if the cardholder meets the spending threshold. For low spenders, the annual fee might negate the benefits received through the card’s features.
7. Lack of Accelerated Benefits
The card doesn’t offer higher reward rates for specific categories like groceries, e-commerce, or utility bill payments. Users who want tailored benefits for their lifestyle might find this card less rewarding compared to category-specific cards.
8. Interest Rates on EMI and Outstanding Balance
EMI conversions and revolving credit come with relatively high-interest rates. Carrying forward balances or converting transactions into EMIs can lead to significant interest accumulation, which may overshadow the benefits of the card.
FAQs
What is the annual fee for the Axis Bank Visa Platinum Credit Card?
The annual fee for this card is ₹500. However, this fee can be waived if you meet the annual spending threshold set by Axis Bank.
How can I earn reward points on the Axis Bank Visa Platinum Credit Card?
You earn 2 reward points for every ₹200 spent on your Axis Bank Visa Platinum Credit Card. These reward points can be accumulated and redeemed for gift vouchers, merchandise, and more via the Axis Bank rewards portal.
How can I redeem my reward points?
Reward points can be redeemed online through the Axis Bank rewards portal. You can choose from a range of products, vouchers, travel bookings, and more.
Is there a minimum spending requirement to waive the annual fee?
Yes, if you meet the specified annual spending threshold (as communicated by Axis Bank), the annual fee of ₹500 will be waived for the subsequent year.
What is the interest rate on the Axis Bank Visa Platinum Credit Card?
The interest rate varies depending on your credit profile and the card issuer’s terms. Typically, it ranges between 2.5% to 3.5% per month (30% to 42% annually) for outstanding balances.
Can I use the Axis Bank Visa Platinum Credit Card for international transactions?
Yes, the card is accepted globally wherever Visa cards are accepted. However, international transactions are subject to foreign currency markup fees, usually around 3.5% of the transaction value.
Does the card offer a fuel surcharge waiver?
Yes, the Axis Bank Visa Platinum Credit Card offers a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at fuel stations across India.
Are there any dining benefits with this credit card?
Yes, the card offers up to 15% discounts at select partner restaurants under the Axis Bank Dining Delights Program.
How can I convert transactions into EMIs?
You can convert high-value transactions into EMIs through:
Axis Bank Internet Banking: Navigate to the credit card section and choose EMI conversion.
Customer Support: Call the Axis Bank helpline to request EMI conversion
What are the complimentary insurance benefits provided with this card?
The Axis Bank Visa Platinum Credit Card comes with:
Lost Card Liability Protection: Covers unauthorized transactions up to ₹2,00,000 if reported within the stipulated timeframe.
Personal Accident Cover: Insurance coverage of up to ₹2,50,000 for accidental death.
