Axis Bank Burgundy Private Credit Card – Features, Eligibility & Application

Neha, an architect from Mumbai, got a surprise call a few years ago. She was on the shortlist for a Paris international design award. Although it was a once-in-a-lifetime chance, the impromptu travel arrangements required luxury reservations, last-minute costs, and smooth international transactions.

She was fortunate to have her Axis Bank Burgundy Private Credit Card, which she had initially obtained for its premium privileges but had no idea how useful it would be at this crucial point in time.

Neha quickly checked in at the airport and then relaxed in a private lounge, enjoying coffee and going over her final presentation. Her trip was stress-free because of the unrestricted access to international lounges.

She made reservations for a five-star hotel in Paris and paid in euros without worrying about additional fees. She saved much money on currency conversion because her card had no foreign exchange markup.

During the award ceremony, Neha was invited to a Michelin-starred dinner and met prominent industry figures. Reservations were challenging to come by, and the event was elite. However, a quick call to the 24-hour personal assistant got her a prime table, and she impressed her classmates.

In addition to receiving the award at the end of her trip, Neha also accrued 15 EDGE REWARD points for every ₹200 spent, which she subsequently used to book more trips.

In the long run, she realised that her Axis Bank Burgundy Private Credit Card did more than provide luxury; it facilitated success, one perk at a time.

Key Highlights of Axis Burgundy Credit Card

The Axis Bank Burgundy Private Credit Card provides several unique advantages for premium banking customers. Here are the main points of attraction:

Transaction Benefits:

• No Cash Withdrawal Charges: Withdraw cash without fees or interest until the payment due date.
• Zero Forex Mark-up: Enjoy no foreign exchange mark-up on international transactions.
• Flexible Credit Limit: Increase your credit limit during foreign travel for added convenience.
• Reward Points: Earn 15 EDGE REWARD points for every ₹200 spent on your card.

Lifestyle & Entertainment Benefits:

• 24x7 Concierge Services: Assistance with flight bookings, table reservations, gift deliveries, and more.
  
• EazyDiner Prime Membership: Save up to 25% at select fine-dining restaurants.
• Complimentary Golf Rounds: Enjoy 50 complimentary rounds of golf per year.
• Movie and Event Tickets: Receive a complimentary ticket for every ticket purchased for up to 5 movies and 5 non-movie shows per month on BookMyShow.
• Exclusive Experiences: Access curated experiences worldwide through extraordinaryweekends.com.

Travel & Hospitality Privileges:

• Airport Concierge Service: Complimentary personal assistance service for 8 airport visits.
  
• Lounge Access: Unlimited access to international and domestic airport lounges for primary and add-on cardholders, with additional guest passes.
• Hotel and Dining Memberships: Complimentary memberships with Club Marriott, Accor Plus, and Taj Epicure.
• Hotel Discounts: Up to 15% off and stay privileges at Postcard hotels.
• Travel Insurance: Coverage for loss or delay in baggage, credit shield, purchase protection, and more.
  
  

Health & Wellness:

• Wellness Coaching: Concessions on health and wellness coaching at Weljii.
• Medical Consultations: Access to world-class medical specialists for second opinions and diagnoses at leading institutions.
• Global Assistance: Travel and medical assistance during international travel.

The Axis Bank Burgundy Private Credit Card is a fantastic option for people who value high-end banking services because of these qualities.

Axis Burgundy Credit Card Cashback and Rewards

To improve your purchasing experience, the Axis Bank Burgundy Private Credit Card has a full rewards program. A thorough examination of its cashback and incentives features is provided below:

EDGE REWARDS Program:

• Earning Points: For every ₹200 spent using your Burgundy Private Credit Card, you earn 15 EDGE REWARD points. 
  
  
• Redeeming Points: More than 500 options, including quick e-vouchers for clothing, electronics, books, and utilities, are available for redemption with collected points.
  
  
• Additional Benefits: Birthday Month Bonus: Enjoy accelerated rewards with 2X points on spends made with your Burgundy Debit Card during your birthday month.

Please note that the Burgundy Private Credit Card does not pay direct cashback on transactions, even if it does offer significant benefits through the EDGE benefits program. The value is provided by earning and using reward points, which enables a customised and enriching experience.

Axis Burgundy Credit Card Fees and Other Charges

Axis Burgundy Credit Card Pros and Cons

Pros:

1. It's a personalised reward program made especially for high-net-worth individuals.
2. Cardholders can avail themselves of a wide range of benefits, including accelerated rewards points in categories like dining, travel, and luxury shopping; complimentary lounge access at the airport; and lifestyle privileges.
3. They also benefit from personalised concierge services, dedicated customer support, and travel insurance coverage.
4. These services cater to the high-end needs and preferences of the customers and give them enhanced convenience.
5. It gives competitive interest rates, flexible repayment options, and zero liability on lost or stolen cards.
6. The card comes with contactless payment technology, making transactions faster, easier, and more secure for users.

Cons: 

1. Highlight eligibility criteria and annual fees associated with the card.
2. The cardholders need to meet stringent income requirements and maintain substantial banking relationships with Axis Bank, which limits access to the card for some individuals.
3. Customers may experience delays or challenges in resolving issues or enquiries about their cards. Efficient and proactive customer support is necessary for maintaining cardholder satisfaction and trust.

Eligibility Criteria for Axis Burgundy Credit Card

• The Axis Bank Burgundy Credit Card will only be issued to Burgundy Private clients.
• To be eligible, customers must maintain a minimum ₹5 crore Total Relationship Value (TRV), including Demat holdings, for 12 months.
• If you wish to close your Axis Burgundy Credit Card, you must pay an annual fee of ₹50,000 plus taxes. However, if you choose to continue, you can enjoy all the benefits and features of the credit card for free.
  
  

Required Documents to Apply for Axis Burgundy Credit Card

Axis Burgundy Credit Card vs. Other Cards

How to Apply for an Axis Burgundy Credit Card

• To apply for the Axis Burgundy Credit Card, you must first qualify for the Burgundy Private program, which is made for high-net-worth individuals.
  
  
• You need to maintain a TRV of ₹5 crore or more across your Axis Bank accounts.
  
  
• You must also maintain a net monthly salary credit of ₹10 lakhs or more.
  
  
• Once you meet the above criteria and are enrolled in the Axis Burgundy Private program, you can apply for the Burgundy Credit Card. The application process is facilitated by your dedicated relationship manager, who will guide you through the documentation process.
  
  
• You can also contact Axis Bank’s customer service or visit a local branch for personalised assistance.

Conclusion

The Axis Bank Burgundy Private Credit Card is a high-end product for people with extremely high net worths that offers many advantages. Exclusive benefits like free golf outings, subscriptions to upscale hotels and round-the-clock concierge services are available to cardholders. 

Financial benefits include a 0% foreign exchange markup on overseas transactions and no fees associated with cash withdrawals or interest until the payment deadline. The card also increases the value of regular expenses by offering 15 EDGE REWARD points for every ₹200 spent. 

Although the card is free for Burgundy Private customers, if the Burgundy Private status is revoked, there is a yearly fee of ₹50,000 plus taxes.

FAQs Related to Axis Burgundy Credit Card

Q. Rate of Interest of Axis Burgundy Credit Card?

The Axis Bank Burgundy Private Credit Card provides extended credit with a favourable interest rate of 1.5% each month (19.56% annually). This is far cheaper compared to the typical rate of 3.75% each month (45% annually) that applies to many other credit cards. Another advantage of the Burgundy Private Credit Card is that no interest fees are associated with cash withdrawals until the due date.

Q. What are EDGE REWARD Points?

The Burgundy Private Credit Card from Axis Bank offers a rewarding experience through its EDGE REWARDS program. Cardholders can earn 15 EDGE REWARD Points for every ₹200 spent on general purchases. However, certain transactions are excluded from earning reward points. These include transactions converted into Equated Monthly Installments (EMIs) and spending in specific merchant categories, effective from April 20, 2024. 

The excluded categories include Government Institutions (MCCs 9222, 9311, 9399, 9402), Gold/Jewelry Purchases (MCCs 5094, 5944), Fuel (MCCs 5541, 5542, 5983), and Utilities (MCCs 4814, 4816, 4899, 4900). Additionally, reward points earned on insurance transactions are capped at 6,000 points per month starting from April 20, 2024. 

The accumulated EDGE REWARD Points can be redeemed for a wide array of goods and services, including partner services, products, and coupons, with over 500 options available in the EDGE REWARDS program’s extensive inventory.

Q. Does this card give lounge access?

Yes, the card provides unrestricted access to domestic lounges and, through Priority Pass, to foreign lounges.

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