The Axis Burgundy Credit Card targets high-income individuals and is free for people holding a Burgundy Private Axis account. Axis Bank launched this credit card for privileged banking customers. It targets HNIs (High-Net-Worth Individuals) with high net relationship values. The card is provided at ‘zero’ cost to Burgundy Private clients. The card is the best option for HNIs as it has several exclusive benefits designed to make users’ lives unique.
The Overview of Axis Burgundy Credit Card
The Axis Burgundy Credit Card surprises its customers with a welcome bonus of 30,000 as reward points. It offers many benefits to its users like no foreign transaction charge and unlimited lounge access for domestic and international airports. Apart from this, this credit card provides many benefits to its cardholders such as transaction benefits, lifestyle and entertainment benefits, travel & hospitality privileges, health & wellness benefits, and more.
Feature & Benefits of Burgundy Credit Card
What features are made available to users through The Axis Burgundy Credit Card, let’s understand in detail:
- Form Factor: It’s a Metal Card
- Card Network: VISA Infinite
- burgundy international lounge access and domestic lounge access: UNLIMITED
| Benefits | Types | Features |
|---|---|---|
| Transactional Benefits | Credit Limit | Flexibility in your credit limit when travelling abroad |
| Forex Benefits | Do international transactions with zero/nil mark-up | |
| Cash Withdrawal | No cash withdrawal charges or interest levied till payment due date | |
| Reward Points | 15 EDGE REWARD points for every ₹200 spent on the card (1 Edge RP = ₹0.20 ) | |
| Travel & Hospitality Privileges | Burgundy Lounge Access | At International Airport: Unlimited (for priority & add-on priority pass holders) At Domestic Airport: Unlimited (for priority & add-on priority pass holders) 12 visits per card for guests at both airport |
| Concierge Service | Complimentary concierge service for up to 8 airport visits | |
| Dining Membership | Users will get free hotel & dining memberships, some memberships are offered by: Club Marriott, Accor Plus & Taj Epicure. Other than this cardholders also get exclusive dining experiences for special occasions | |
| Stays Discounts | A discount of up to 15% & exclusive stay privileges at Postcard hotels | |
| Travel Insurance | For loss/delay in baggage, credit shield, purchase protection, air accident cover worth ₹4.5 crore | |
| Conveyance Discounts | Up to 30% on conveyance (taxi) to airport in India & abroad | |
| Other Discounts | Up to 15% on International & Domestic Oberoi & Trident hotels | |
| Lifestyle & Entertainment Benefits | Dining Benefits | Get up to 20% savings at over 4000+ restaurants all over India |
| Golf Offer | 50 complimentary rounds of golf per year | |
| Concierge Services | 24×7 concierge service for managing flight bookings, table reservations, gift deliveries & more | |
| EazyDinner Prime Membership | Complimentary EazyDinner Prime Membership for saving up to 25% at select fine dine restaurants. Additionally, users will get up to 30% off with the Axis Bank Dining Delights program via EazyDinner | |
| Movie Tickets | Complimentary ticket on every ticket purchased for 5 movie & 5 non-movie shows per month | |
| Fuel Surcharge Waiver | Fuel surcharge waiver of 1% for payment between ₹ 400 – ₹ 4000 (capped at ₹ 400 per month) | |
| Custom Holiday Packages | Get personalized assistance for your styling & shopping needs | |
| Health & Wellness | Medical Consultation | Get world-class medical specialists for second opinions |
| Health & Wellness Coaching | Concessions on health & wellness coaching Weljii | |
| Diagnostic centers | Get diagnosis at leading medical institutions such as Dr. Lal Pathlabs, Metropolis & SRL Diagnostics | |
| Global Medical Assistance | Get medical assistance during international travel all over the globe |
Axis Burgundy credit card Fees & Charges (important to know)
| Features/Categories | Applicable Charges |
|---|---|
| Joining Fee | Nil (₹ 50,000 if customer downgrades the account) |
| Annual Fee | Nil (₹ 50,000 if customer downgrades the account) |
| Foreign Currency Mark-Up | Nil |
| Interest Rate | 1.5% per month/19.56% per annum |
| Fuel Surcharge | Fuel surcharge waiver of 1% for payment between ₹ 400 – ₹ 4000 (capped at ₹ 400 per month) |
| Cash Advance Charges | Nil |
| Average Quarterly Balance Required (AQB) | Not applicable |
| DD/PO Issuance | Unlimited, Free |
| Chequebook Issuance | Unlimited, Free |
| Account Closure | ₹ 500 (if the account is closed between 14 days – 1 year) |
| NetSecure with 1 Touch – Issuance Fee | ₹ 1,000 |
| NetSecure with 1 Touch – Replacement Fee | ₹ 800 |
| Daily ATM Withdrawal Limit | ₹ 4 lakhs |
| Daily POS Transaction Limit | ₹ 7 lakhs |
| Monthly Cash Transaction/ Limits | Unlimited, Free |
| Locker Fees | 100% off for life on 1st locker, 25% off for life on subsequent lockers |
| Other Convenience Charges | Nil |
| Card Replacement Fee | Nil |
| NEFT Transaction Limits | Nil |
| NEFT Fees (branch) | Nil |
| NEFT Fees (online) | Nil |
| IMPS Fees | Nil |
| Transaction Failure Charges (any types) | Nil |
| Foreign Currency Charges | Visit the official website/brochure |
Eligibility Criteria
- Axis Bank Burgundy Private Credit Card is extended to Burgundy Private clients only
- Customers who wish to open a new Burgundy Personal Account are required to meet the approved eligibility criteria at the Customer ID level or Family ID level:
Maintenance of a minimum Total Relationship Value (TRV) of ₹5 crore which includes Demat holdings by 12 months of account/relationship initiation.
NOTE– The client must always maintain a TRV of ₹5 crore which includes demat holdings. TRV for family ID for burgundy private is 5 crore which also includes Demat account holdings of last 12 months.
Documents Required for Burgundy private credit card
The following documents are required for Axis Bank Burgundy Private Credit Card:
Know About This Card’s USP (Unique Selling Preposition)
This is the first credit card in India to come with a 0% markup fee on international transactions and a 0% fee on cash withdrawal and interest charges. As banks earn significant revenue on mark-up fees and it is a major revenue stream for credit card issuing companies, such a proposal will be considered a big step. This means that the same card can work as a Credit/Debit & Forex Card.
Some special terms you need to know
Mark-up Fee: A markup fee is an additional charge added to a transaction to cover costs and generate revenue. It is charged on foreign transactions, such as using a credit card to purchase something in a foreign currency. They cover the cost of currency conversion and international processing fees.
Concierge Service: A concierge service is a person or organization that provides personalized assistance for a fee. Concierge services can help with a variety of tasks, including: Travel, dining, events, entertainment, errands, gifts, pet care, senior care, etc.
USP: USP stands for is Unique Selling Preposition, which is a statement that highlights what makes a business or product stand out from its competitors. It’s also sometimes referred to as a Unique Selling Point.
TRV: TRP stands for Total Relationship Value, is the total of all balances held in a bank account, including: Savings account, Current account, Credit card accounts, Loans, and Insurances.
Useful terms & conditions applied by the Bank
- Accounts who don’t meet the Total Relationship Value (TRV) criteria will be converted to ordinary Savings Account. Prior notice will be served to the user. Also, Fees and charges will apply accordingly
- As per RBI circular, all newly issued Credit Card need to be activated in first 30 days. If the Credit Card is not activated in first 30 days, the card shall be closed
- For non-Burgundy Private Customers who have a burgundy Private Debit card, an annual fee of ₹ 10,000 plus applicable taxes will be levied
FAQs
What is the annual fee for an Axis Burgundy credit card?
The Card is free for Burgundy Private customers. However, if the Burgundy Private status is discontinued (e.g. if the customer downgrades the account), an annual fee of Rs 50,000 + taxes will be levied.
Who can apply for an Axis Bank Burgundy credit card?
The Axis Bank Burgundy credit card can only be availed by Axis Bank to Burgundy Private clients.
What is the rate of interest for Axis Bank Burgundy credit card?
The interest rate for Axis Bank Burgundy credit card is 19.56% per annum.
What is the foreign currency mark-up fee on Axis Bank Burgundy Credit Card?
The foreign currency mark-up fee on Axis Bank Burgundy Credit Card is 0.00% (Nil).
What is the maximum number of complimentary movie tickets the Axis Bank Burgundy credit card provides?
The maximum amount for complimentary movie tickets is capped at Rs. 500 per ticket.
Does the card offer lounge access?
Yes, customers get unlimited international lounge access via Priority Pass. They also get unlimited domestic lounge access. So, unlimited Burgundy international lounge access and Burgundy domestic lounge access are a main feature of Burgundy credit cards.
Who is eligible for Axis Bank Burgundy credit card?
Axis Bank Burgundy credit card will only be issued to Burgundy Private clients. The customer should maintain a minimum ₹5 crore Total Relationship Value (TRV), including Demat holdings of 12 months.
What is Net Secure with 1 touch feature?
Net Secure is a security feature that adds an extra layer of authentication for banking transactions. To use all the features of Axis Bank’s internet banking, users must register for Net Secure.
How can I avail the concierge service-related benefits available on Axis Burgundy credit card?
Reach out to our concierge partners at 1800 103 4962 to avail these benefits. The One Card is complimentary for Burgundy Private clients.
what is the TRV for family ID for burgundy private?
Rs 5 crore. The minimum Total Relationship Value (TRV) for a Burgundy Private Family ID is Rs 5 crore and it is calculated at the Family ID level (including Demat holdings of 12 months).
Eligibility criteria for Burgundy Private Program-
Minimum average quarterly balance in the savings account – 10 lakhs or 10 lakhs across savings and current account, or
net monthly salary credit of Rs. 10 lakhs or more in the salary account
which complementary hotel membership and discount is available with burgundy private?
Burgundy credit card holders get numerous hotel benefits from many luxury hotels.
The card provides exclusive deals on Postcard hotels like stay privileges and a 15% discount to primary cardholders.
Primary cardholders also receive complimentary membership of luxury hotels like Club Marriot, Accor Plus, and Taj Epicure which gets renewed annually as long as the card is active.
For Club Marriot primary cardholders get benefits that include up to 20% off on room rates at participating hotels in India, up to 15% off on MBOW orders, and up to 20% off on spa services.
Similarly, primary cardholders receive stay privileges and discounts of up to 15% off on Oberoi & Trident hotels.
what is the trp for family id for burgundy private?
Many users ask this question incorrectly, as explained above it is TRV or Total relationship value and not TRP. TRV for family ID for Burgundy private in Axis Bank is 5 crore which also includes Demat holdings of last 12 months.
how many complementary domestic and international airport launches access are provided with burgundy private debit card
Unlimited, similar to the Burgundy private credit card, the Burgundy debit card offers unlimited domestic and international lounge access. (4 complimentary access per calendar quarter, and therefore, 16 in a year). The minimum card spend required in the last 3 calendar months is Rs 5,000 (waved off for newly issued cards).
axis burgundy concierge service available?
For Burgundy Private Credit Card primary cardholders are eligible for 8 complimentary airport concierge services in one calendar year.
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