Axis Bank IndiGo Premium Credit Card – Detailed Review (2026)

Axis Bank has launched a new co-branded travel card – IndiGo Premium Credit Card – positioned as a mid-to-high tier airline card for frequent IndiGo flyers.

On paper, it looks premium. But does it really justify the ₹5,000 annual fee? Let’s break it down properly.

Quick Snapshot (2026)

Annual Fee Structure

• Joining Fee: ₹5,000 + GST
• Renewal Fee: ₹5,000 + GST

Welcome Benefits

• 5,000 BluChips on fee payment
• 1× 6E Eats voucher

Renewal Benefits

• 5,000 BluChips
• 1× 6E Eats voucher

At first glance, the welcome bonus feels modest for a ₹5K card. There is no separate activation benefit beyond fee-linked rewards.

Milestone Benefits

You earn 5,000 BluChips at each milestone:

• ₹2 lakh annual spend
• ₹5 lakh annual spend
• ₹8 lakh annual spend
• ₹12 lakh annual spend

That’s four milestones in total.

Compared to some competing co-branded airline cards, this structure is slightly less rewarding — especially when milestone rewards are issued as vouchers with usage restrictions and validity timelines.

Earn Structure

Here’s how the rewards stack up:

• 7 BluChips per ₹100 – IndiGo spends
• 3 BluChips per ₹100 – Grocery & Hotels
• 2 BluChips per ₹100 – All other eligible spends

On non-IndiGo spends, the effective return hovers around ~2–3% in value (depending on BluChip redemption). That’s decent — but not outstanding for a ₹5K fee card.

Travel Benefits

• 2 Domestic lounge visits per quarter: (Requires ₹50,000 spend in previous 3 months)
• 2 International lounge visits per year
• Forex markup: 2.5%

The lounge access is usable, but spend-linked conditions reduce real value. The 2.5% forex markup is standard — not competitive for frequent international travellers.

Lifestyle Benefits

• Up to 15% off dining via EazyDiner (once per month)
• Buy-One-Get-One movie ticket via BookMyShow (once per month)

These are good-to-have perks — but not exclusive differentiators.

Major Exclusions

No rewards on:

• Government payments
• Insurance
• Utilities
• Rent
• Wallet loads
• Fuel
• Jewellery
• Certain institutional payments

The exclusion list is wide — which reduces practical everyday earning potential.

Practical Analysis

Let’s evaluate this from a real-world perspective:

1) Welcome Bonus Value

For a ₹5,000 joining fee, the initial value is underwhelming compared to premium travel cards in the market.

2) Milestone Structure

Four milestones are offered, but rewards come with voucher restrictions. Some competing co-branded airline cards offer more flexible point credits.

3) Reward Rate

Even at ~3% equivalent return, the value is capped by BluChip redemption flexibility.

4) Axis Bank Limitation

Axis typically restricts customers to a maximum of 3 credit cards. Using one slot for a niche co-branded card needs careful consideration.

Who Is This Card For?

This card may make sense if:

• You fly IndiGo very frequently
• You value BluChips specifically
• You want structured airline-linked rewards

It may NOT make sense if:

• You want flexible transfer partners
• You prefer broader redemption options
• You already hold stronger Axis reward cards

Final Verdict (Rewardly View)

The Axis IndiGo Premium Credit Card is not a bad product — but it is not compelling enough in the ₹5,000 fee segment.

• The welcome value is average.
• The milestone structure lacks flexibility.
• The reward rate is decent but not category-leading.

For most optimisers, there are stronger travel or premium reward cards available in the same fee range. Unless you are a heavy IndiGo flyer who specifically values BluChips, this may not be the most efficient use of your credit card portfolio.

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Disclosure note: Benefits, exclusions, and earn rates can change. Always verify the latest terms on the issuer/partner pages before applying.