Axis Bank Privilege Credit Card

The Privilege Credit Card is designed for frequent travelers and diners who appreciate premium benefits:

1. Higher Reward Rate: Offers 10 EDGE reward points per Rs. 200 spent compared to MyZone's 4 points.
2. Better Lounge Access: Provides 2 complimentary domestic lounge visits per quarter versus MyZone's 1 visit
3. Premium Insurance Coverage: Includes purchase protection up to Rs. 1 lakh, credit shield, and travel document coverage
4. Annual Fee Waiver: Fee waived on achieving Rs. 5 lakhs annual spends
5. Higher Milestone Benefits: 10,000 EDGE Reward points worth Rs. 2,000 on spending Rs. 2.5 lakhs

Axis Bank MyZone Credit Card

The MyZone Credit Card targets entertainment and lifestyle-focused consumers:

1. Entertainment Benefits: Free SonyLIV Premium annual subscription worth Rs. 1,499
2. Movie Discounts: 100% discount on second movie ticket via District app (up to Rs. 200/month)
3. Food Delivery Offers: Rs. 120 off on Swiggy orders (twice monthly)
4. Shopping Discounts: Up to Rs. 1,000 off at AJIO on minimum purchases of Rs. 2,999
5. Lower Fees: Lower joining and annual fees make it more accessible. 

Eligibility Criteria Comparison

Axis Bank Privilege Credit Card

• Age requirement: 18-70 years for primary cardholder, above 15 years for add-on
• Income requirement: Minimum income of Rs. 6 lakhs per annum
• Documentation: PAN Card/Form 60, income proof, residence proof

Axis Bank MyZone Credit Card

• Age requirement: 18-70 years for primary cardholder
• Credit score: Preferably 750 or above
• Documentation: PAN Card, address proof, ID proof, income proof, photograph. 

Value Proposition

Axis Bank Privilege Credit Card

• The Privilege Credit Card offers total annual benefits worth approximately Rs. 13,950 according to Axis Bank's value chart, based on annual spends of Rs. 2,91,000.

Axis Bank MyZone Credit Card

• The MyZone Credit Card provides annual benefits worth up to Rs. 13,499 based on annual spends of Rs. 1,50,000, representing an 8.67% return on spends.

Pros and Cons

Axis Bank Privilege Credit Card

Pros:

• Higher reward earning rate
• More comprehensive lounge access
• Better milestone and activation benefits
• Annual fee waiver opportunity
• Premium insurance coverage

Cons:

• Higher annual fee
• High interest rate (55.55% per annum)
• No specific entertainment subscriptions
• No movie ticket discounts

Axis Bank MyZone Credit Card

Pros:

• Lower annual and joining fees
• Entertainment benefits (SonyLIV, movie discounts)
• Food delivery and shopping discounts
• Slightly lower interest rate (49.36% per annum)
• Good value for moderate spenders

Cons:

• Lower reward earning rate
• Limited lounge access
• No annual fee waiver
• No special insurance coverage
• Caps on brand/platform discounts.

Which Card to Choose?

The choice between these two cards depends on your spending habits and lifestyle preferences:

Choose Axis Bank Privilege Credit Card if:

• You're a frequent traveler who values lounge access
• You spend heavily (over Rs. 5 lakhs annually) to qualify for fee waiver
• You prefer higher reward rates and premium benefits
• You dine out frequently and can leverage dining discounts
• You want comprehensive insurance coverage

Choose Axis Bank MyZone Credit Card if:

• You're an entertainment enthusiast who values OTT subscriptions and movie discounts
• You're budget-conscious and prefer lower fees
• You regularly order food delivery and shop online
• You're a moderate spender (around Rs. 1.5 lakhs annually)
• You're looking for a more accessible card with good lifestyle benefits

Both cards offer competitive benefits in their respective segments, but they cater to different consumer profiles. The Privilege Card is more premium with higher rewards and travel benefits, while the MyZone Card focuses on entertainment and lifestyle with more accessible fees.

For the best value, assess your spending patterns and lifestyle needs before making your choice.

FREQUENTLY ASKED QUESTIONS

1. Which card among the Axis Privilege and the Axis MyZone offer better rewards on everyday spending?

The Privilege Credit Card offers better rewards with 10 EDGE Reward points for every Rs. 200 spent, while the MyZone Credit Card offers 4 EDGE Reward points for the same amount. This makes the Privilege Card more rewarding for general spending.

2. Do the Axis Bank Privilege Credit Card and the Axis MyZone Credit Card offer any milestone benefits?

Yes. The Privilege Card offers 10,000 EDGE Reward points worth Rs. 2,000 when you spend Rs. 2.5 lakhs in a card anniversary year. The MyZone Card offers SonyLIV Premium membership renewal when you spend Rs. 1.5 lakhs in a card anniversary year.

3. Which card among the Axis Privilege and Axis MyZone is better for airport lounge access?

The Privilege Credit Card is better for lounge access, offering 2 complimentary domestic lounge visits per calendar quarter (with Rs. 50,000 spent in prior 3 months). The MyZone Card offers only 1 complimentary domestic lounge visit per calendar quarter with the same spending requirement.

4. Which card among the MyZone and Axis Privilege offers better entertainment benefits?

The MyZone Credit Card has stronger entertainment benefits, including a free SonyLIV Premium subscription and 100% discount on your 2nd movie ticket via the District app (up to Rs. 200 per month). The Privilege Card doesn't offer specific entertainment subscription benefits.

5. Which card is better for food delivery services?

The MyZone Credit Card offers better food delivery benefits with Rs. 120 off on Swiggy orders (minimum Rs. 500) twice a month. The Privilege Card offers 10% off on Swiggy orders on Wednesdays as part of its Wednesday Delight program.