Axis Bank Burgundy Account Eligibility & Which Credit Card Axis Offer To Burgundy Customers

[Amitt Aryan]

Hello,
I want to know the eligibility for burgundy account.
Main goal is to get LTF credit card with burgundy account.
I have 5 Lacs with me now (only for few days)
Plz guide if someone knows about it.
@TechnoFino @Subhankar

 

[Amitt Aryan]

Do you have account in Axis?

Yes Salary account

 

[Amitt Aryan]

Then you can't open Axis Burgundy with 5L initial deposit

I have to close it and then try for burgundy.
Right?

 

[Amitt Aryan]

Even if you close you can't open it this way ... Axis policy

So, no other way?

 

[Revitup]

Even if you get to open it and are unable to maintain the minimum balance, they will downgrade your account and the CC wont be LTF anymore.

 

[Amitt Aryan]

Even if you get to open it and are unable to maintain the minimum balance, they will downgrade your account and the CC wont be LTF anymore.

Ohh.
I thought, if its issued LTF then it will continue to be LTF.

 

[Revitup]

Please note: Axis Bank Select Credit card is complimentary exclusively for Burgundy Customers. In the event of discontinuation of Burgundy status, an annual fee of Rs. 3000 + G.S.T will be applicable.

Mentioned at the bottom of the Fees and charges tab.

 

[ashwinkashwink is verified member.]

Omg too much charges for select CC.

 

[Amitt Aryan]

Please note: Axis Bank Select Credit card is complimentary exclusively for Burgundy Customers. In the event of discontinuation of Burgundy status, an annual fee of Rs. 3000 + G.S.T will be applicable.

Mentioned at the bottom of the Fees and charges tab.

Okay

 

[tiny]

I am just getting sad and sad

 

[rahulmr]

Okay

Try to get the axis Magnus card if you can. It’s 10K GST but it’s worth getting that card.
For joining and renewal fee payment you will get 10K TataCLiQ vouchers or a flight ticket .
The main highlight of this card is on spend of 1lakh monthly you get 31K points that’s worth 6K Rs and this you get every month on spend of 1 lakh.
Also there’s priority pass , metal card and dineout membership on every renewal

 

[Amitt Aryan]

Try to get the axis Magnus card if you can. It’s 10K GST but it’s worth getting that card.
For joining and renewal fee payment you will get 10K TataCLiQ vouchers or a flight ticket .
The main highlight of this card is on spend of 1lakh monthly you get 31K points that’s worth 6K Rs and this you get every month on spend of 1 lakh.
Also there’s priority pass , metal card and dineout membership on every renewal

Thanks bro

 

[TechnoFinoTechnoFino is verified member.]

Hello,
I want to know the eligibility for burgundy account.
Main goal is to get LTF credit card with burgundy account.
I have 5 Lacs with me now (only for few days)
Plz guide if someone knows about it.
@TechnoFino @Subhankar

you can open burgundy account with five lakhs cheque, if you need contact dm me.

 

[TechnoFinoTechnoFino is verified member.]

Then you can't open Axis Burgundy with 5L initial deposit

you can, doesn't matter you have existing account with axis or not, initial deposit is 5L for new burgundy account

 

[TechnoFinoTechnoFino is verified member.]

Ohh.
I thought, if its issued LTF then it will continue to be LTF.

it will be, Official rule - they'll convert your LTF select to chargeable select if you don't maintain, but in reality they don't charge after downgrade.

 

[Amitt Aryan]

it will be, Official rule - they'll convert your LTF select to chargeable select if you don't maintain, but in reality they don't charge after downgrade.

Are you sure about it?

 

[Revitup]

you can, doesn't matter you have existing account with axis or not, initial deposit is 5L for new burgundy account

So technically we can open a new burgundy account with 5L deposit, convert our existing account to burgundy( like we do in family banking) and then close the new account if we don't want the hassle of two accounts and also get the Select CC LTF without maintaining min balance.

 

[Shreyasrp]

I have axis priority account and 10L for few month , should I upgrade to burgundy for dc ? What will happen later , will I be degrading back to priority (I will be able to maintain 2L)

 

[Rashya]

you can open burgundy account with five lakhs cheque, if you need contact dm me.

Couldn’t DM you showing Server error

 

[__Kash__]

I have axis priority account and 10L for few month , should I upgrade to burgundy for dc ? What will happen later , will I be degrading back to priority (I will be able to maintain 2L)

They'll downgrade the account after 3 months if AQB of 10L or NRV of 30L is not maintained.
If you hold a burgundy debit card after downgrade INR 1,500 + GST will be charged.
Official rule for select cc is to charge INR 3000 + GST however, they'll generally not charge you even after downgrade.