Axis Privilege
MidAxis Bank
Where it ranks · across all 71 cards
Devaluation history
- 2026-08-28 - 28 Aug 2026: DCC→3.5%, late-fee slab, gift-card + tolls exclusions; from 1 Nov 2026 the District movie BOGO gains a ₹25,000/3-month spend gate.
What a point is worth
Earning 10 pts / ₹200, the same point pays very differently by redemption path:
| Redemption path | Per point | Effective on spends |
|---|---|---|
| Vouchers / catalogue | ₹0.2 | 1.00% |
| Partner transfersbest: Club ITC at 5:1 (ceiling 1.1%) | ₹0.18-₹0.22 | 0.90% |
EDGE catalogue ~₹0.20/pt (bank milestone math: 10,000 pts = ₹2,000). Rankings across KaunsaCard use a single conservative value (₹0.2/pt = 1.00%); transfer ceilings assume premium-cabin awards and are never used to rank.
Reward rules
Points valued at ₹0.2/pt - conservative, what rankings use · transfers reach up to ₹0.22/pt via Club ITC at 5:1
Base rate - everything not covered below
10 pts / ₹200= 5 pts per ₹100
1.0-1.1%
value range by redemption
Milestones
₹0 / year
12,500 EDGE pts (₹2,500) on joining fee + first txn in 30 days
worth ≈ ₹2,500
₹2,50,000 / year
10,000 EDGE pts
worth ≈ ₹2,000
Transfer partners
Axis EDGE (Select / Privilege / REWARDS: 10:1) - what 10,000 points become. Full matrix with live amounts on the Transfers page.
| Partner | Ratio | 10,000 pts → | ≈ value |
|---|---|---|---|
| Club ITC | 5:1 | 2,000 | ₹1,800-₹2,200 |
| Singapore Airlines KrisFlyer | 10:1 | 1,000 | ₹800-₹2,500 |
| Air Canada Aeroplan | 10:1 | 1,000 | ₹800-₹2,200 |
| Postcard Hotels Sunshine ClubAdded 2026; group unverified - assumed Group B cap. | 10:1 | 1,000 | ₹800-₹1,100 |
| Japan Airlines Mileage Bank | 10:1 | 1,000 | ₹700-₹2,000 |
| Turkish Airlines Miles&Smiles | 10:1 | 1,000 | ₹700-₹2,200 |
| Air France-KLM Flying Blue | 10:1 | 1,000 | ₹700-₹2,000 |
| United MileagePlus | 10:1 | 1,000 | ₹600-₹1,800 |
Caps per customer/calendar year: 1L to Group A, 4L to Group B (5L total). ITC, SpiceJet and AirAsia convert at a better 5:1 (bank page).
Earns nothing on
- ⊘ Gold and jewellery excluded from ERP earn (Apr 2024). Since 20 Jun 2025 Axis identifies exclusions by spend category, not MCC; codes here are from the last bank-published MCC tables.50945944bank MCC list→ use HDFC Infinia Metal here (3.3%)
- ⊘ Rent excluded from reward earn and fee waiver (current category list).6513bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Wallet loads excluded.6540bank MCC list→ use SC Ultimate here (3.3%)
- ⊘ Insurance excluded.63006381596060126051bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Government services excluded.9222931193999402bank MCC list→ use PVR INOX Kotak here (3.0%)
- ⊘ Utility & telecom excluded.4814481648994900bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Fuel excluded.554155425983bank MCC list→ use MakeMyTrip ICICI here (1.0%)
- ⊘ Educational services excluded.82998211824182448249bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ EMI conversions: earned points are debited (EDGE master T&C).
- ⊘ W.e.f. 28 Aug 2026: no rewards on bridge fees, road fees and tolls (portfolio-wide revision). Gift-card purchases also reclassified to an excluded Gift Card category.
Plays with this card
- 🌿 Club ITC Green Points - the ₹1-floor luxury currency
Green Points redeem at a stable ~₹1 against ITC luxury stays and dining - no dynamic pricing. Axis premium cards transfer at 5:4, and value-tier Axis cards carry a special 5:1 override (far better than their 10:1 default). Bonus: a 2:3 backdoor into Marriott Bonvoy exists.
Magnus for Burgundy: 12 EDGE/₹200 × 4/5 = 4.8 GP per ₹100 ≈ 4.8% of spend in a currency with a hard ₹1 floor at five-star properties.