This article provides a concise overview of the prominent features, eligibility prerequisites, and the application procedure for Axis Bank’s Platinum Credit Card.
Features of Axis Bank – Platinum Credit Card:
Main features:
- Enter the realm of LIC Axis Bank Platinum Credit Cards and revel in a robust reward system, fuel surcharge waivers, and complimentary insurance coverage. Earn rewards on all transactions, with accelerated points for LIC premium payments and International Transactions.
- Accelerated Reward Earnings
- Relish the benefit of fuel surcharge waivers
- Access Dining Delights
- Convert purchases into EMI options
Additional Features:
- Accumulate Reward Points for every transaction made.
- Earn 2 Reward points for every ₹ 100 spent on LIC Premium payments and foreign currency transactions.
- Gain 1 Reward point for every ₹ 100 spent on transactions excluding fuel, wallet load, and EMI conversions.
- Redeem earned rewards for e-vouchers, gift cards, and other items by contacting customer care at 1800 419 0064.
- Avail Comprehensive Insurance Cover.
- Access complimentary lost card liability insurance coverage up to the credit limit.
- Enjoy a fuel surcharge waiver of 1% on fuel purchases made at all fuel stations across India.
- Valid for transactions ranging from ₹ 400 to ₹ 4000, with a maximum monthly benefit of up to ₹ 400.
- Note that GST on the fuel surcharge is non-refundable.
- No Reward Points earned on fuel purchases.
Card Category: Reward points
Fees for Axis Bank – Platinum Credit Card:
- No Joining Fee, Annual Fee, Add-on Card Joining Fee, or Add-on Card Annual Fee.
- Card Replacement Fee: Nil
- Cash Payment Fees: Rs. 100/-
- 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
- Finance Charges (Retail Purchases & Cash): Waived
- Cash Withdrawal Fees: 2.5% (Min. Rs. 500) of the cash amount
- Overdue Penalty or Late Payment Fee: Nil if Total Payment Due is less than Rs. 500; Rs. 500 if total payment due is between Rs. 501 – Rs. 5,000; Rs. 750 if total payment due is between Rs. 5,001 – Rs. 10,000; Rs. 1200 if total payment due is greater than Rs.10,000
- Over Limit Penalty: 2.5% of over the limit amount (Min. Rs. 500)
- Cheque Return or Dishonour Fee or Auto-debit Reversal: 2% of the payment amount subject to Min. Rs.450, Max. Rs. 1500
- Surcharge on Purchase or Cancellation of Railway Tickets: As prescribed by IRCTC / Indian Railways
- Fuel Transaction Surcharge: 1% of transaction amount (Refunded for fuel transactions between Rs. 400 to Rs. 4,000. Maximum benefits up to Rs. 400 per month)
- Foreign Currency Transaction Fee: 3.50% of the transaction value
- Reward Point Redemption fee: No
- GST: As per existing Government norms
- Rent Transaction fee (Applicable from 5th March 2023): 1% capped at INR 1,500 per transaction on rental transactions
- Dynamic Currency Conversion markup (Applicable from 5th March 2023): 1% on International transactions conducted in Indian currency at International locations or transactions made in Indian currency with merchants registered in foreign nation Websites.
How to apply?
Click here to apply for the Axis Bank’s Platinum Credit Card.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank.