The Axis Bank Burgundy Private Credit Card offers exclusive rewards for high-income individuals. Free for Burgundy Private account holders, it gifts 30,000 bonus points on joining. Best for travel, entertainment, dining, and rewards, users gain 15 points for every Rs. 200 spent, saving 1.5% every time you spend.
On Axis Bank Website
Updated: 29-05-2024 09:53:09 AM
Joining Fees | Rs. 50,000 (Nil for individuals holding a Burgundy Private account) |
Annual Fee | Rs. 50,000 (Nil for individuals holding a Burgundy Private account) |
Best Suited For | High-net-worth individuals |
Welcome Benefits | 30,000 Edge Reward Points |
Forex Fee | Nil |
Eligibility | The Burgundy Private account holders with a TRV (Total Relationship Value) of Rs. 5 Crores or more within the first 12 months after account opening are eligible for the Axis Burgundy Credit Card. |
Eligibility criteria for new account/relationship, calculated at a Customer ID level or Family ID level:
On-going eligibility criteria for existing account/relationship, calculated at a Customer ID level or Family ID level:
Please note that Burgundy Private Savings Account is mandatory for induction into Burgundy Private.
Total Relationship Value (TRV), aggregated at Customer ID or Family ID level, is composed of:
Product/Relationship | Inclusions Allowed |
---|---|
Liability Relationship | Savings Account, Current Account, Term Deposits, Recurring Deposits and/or Specified Investment Relationships, PIS Accounts (for NRI’s) |
Investment* Relationship | Mutual Funds, Life Insurance, Private Equity Funds (Commitment amount), Structured Products, Discretionary Portfolio Management Service, Non-Discretionary Portfolio Management Service, RBI Bonds*, PPF*, NPS* and other Alternate Assets |
Interest Charge | 1.5% per month |
Reward Redemption Fee | Nil |
Fuel Surcharge Waiver | 1% on all transactions between Rs. 400 & Rs. 4,000 |
Cash Advance Fee | Nil |
Add-on Card Fee | Nil |
Forex Charges | Nil |