Axis Privilege cashback rate, cap and annual fee
Axis Privilege pays 1% on everything, as a base rate. The card costs INR 1,500 a year.
Axis Bank · India · catalogue v101
Read from Axis Bank's own published terms on 20 Sep 2026.
INR 1,500Annual fee
1%Best rate
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| everything else | 1.00% | —10 EDGE REWARD Points per ₹200, at home and abroad alike, which is 1% once the point is priced. |
| fuel | None | —Fuel earns no points. The 1% surcharge waiver still applies between ₹400 and ₹4,000, up to ₹400 a statement. |
| rent and property | None | —Rent earns no points. |
| government | None | —Utilities and government merchant codes earn no points. |
| phone and internet | None | —Telecom earns no points — Axis excludes utilities and telecom together. |
| education | None | —Educational services earn no points. |
One rate, 10 EDGE REWARD Points per ₹200, which is 1% at Axis's own point value — and a long list of things that earn none of it: insurance, rent, fuel, educational services, utilities, government merchant codes, wallet loads, gold and jewellery, gift cards, bridge fees and road tolls. Anything converted to EMI has its points taken back, and cancelling the EMI does not return them. The same exclusion list decides the fee waiver, so the ₹5 lakh that reverses the ₹1,500 has to be ₹5 lakh of the right kind of spending. Both fees are currently nil on a limited-period offer; the standard fee is recorded here because a limited period ends and an annual fee that reappears is not something this app should let somebody be surprised by. Two more confirmations of the ₹0.20 point value sit on this page: 12,500 points described as worth ₹2,500, and 10,000 described as worth ₹2,000. Source: axisbank.com product page, checked 20 Sep 2026.
Questions people ask
What cashback does the Axis Privilege pay?
1% on everything, as a base rate.
Is there a cap on the Axis Privilege?
No monthly cap is published on the rates shown here.
What is the annual fee on the Axis Privilege?
INR 1,500 a year.
Knowing the rate is not the same as remembering it
PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. It works offline and never connects to a bank.
Download on the App Store