Which card has a lower forex fee: Axis Bank Privilege Credit Card or SBI Card Miles Prime?

Forex markup outcome: SBI Card Miles Prime wins.

Which card has a lower annual fee: Axis Bank Privilege Credit Card or SBI Card Miles Prime?

Annual fee outcome: Axis Bank Privilege Credit Card wins.

Which card has the stronger rewards outcome?

Rewards outcome: Axis Bank Privilege Credit Card wins.

AXIS Privilege vs SBI Miles Prime

Side-by-side comparison of the Axis Bank Privilege and the SBI Card Miles Prime. Verify fees, lounge access, forex markup, and base rewards before you apply.

Privilege

Miles Prime

The short answer

Pick Privilege for rewards and a lower fee.

Pick Miles Prime for spending abroad.

Privilege costs ₹1,499 less a year.

Head-to-head

Annual fee Annual fee outcome: Privilege wins.

Privilege ₹1,500 Waivable at ₹5,00,000 spend

Miles Prime ₹2,999 Waivable at ₹10,00,000 spend

Privilege saves ₹1,499/yr
Forex markup Forex markup outcome: Miles Prime wins.

Privilege 3.5%

Miles Prime 2.5%

Miles Prime saves ~₹1,000 per ₹1L abroad
Domestic lounge Domestic lounge outcome: tie.

Privilege 8/year (2 per quarter) Conditional · Domestic: 2/quarter · requires ₹50,000 spend in the previous 3 calendar months

Miles Prime 8/year
Rewards Rewards outcome: Privilege wins.

Privilege ~1%

Miles Prime ~0.3%

conservative base value

Reward earning explained

Privilege

5 EDGE Reward Points / ₹100

Limited data

Miles Prime

2 Travel Credits / ₹200 · Up to 4 Travel Credits / ₹200 on Travel

Strong data

Example usage at this monthly spend

At ₹50k/month spend:

Privilege: ~₹500/month at base rate
SBI Miles Prime: ~₹130/month at base rate

Illustrative only, using current base rates before caps.

All fields

Differences only

Field	Privilege Axis Bank	Miles Prime SBI Card
Lounge Access
Domestic lounge visits spend-gated on some cards — see caveats 8/year (2 per quarter) vs 8/year	8/year (2 per quarter)	8/year
International lounge visits Not included vs 4 per year	No international lounge access	4 per year
Forex / International Use
Forex markup Source agreement differs — verify both. 3.5% vs 2.5%	3.5%	2.5%
Fees
Recurring annual fee ₹1,500 vs ₹2,999	₹1,500	₹2,999
Annual-fee waiver ₹5,00,000 vs ₹10,00,000	₹5,00,000	₹10,00,000
Monthly interest rate	3.75% / month	3.75% / month
Late-payment charge ₹500–₹1,300 depending on outstanding balance vs ₹100–₹1,300 depending on outstanding balance	₹500–₹1,300 depending on outstanding balance	₹100–₹1,300 depending on outstanding balance
Fuel benefit 1% surcharge waiver · ₹400–₹4,000 transactions · ₹400/month waiver cap · Fuel rewards excluded vs 1% surcharge waiver · ₹500–₹3,000 transactions · ₹250/month waiver cap · Fuel rewards excluded	1% surcharge waiver · ₹400–₹4,000 transactions · ₹400/month waiver cap · Fuel rewards excluded	1% surcharge waiver · ₹500–₹3,000 transactions · ₹250/month waiver cap · Fuel rewards excluded
Rewards
Base earn 5 EDGE Reward Points / ₹100 vs 2 Travel Credits / ₹200	5 EDGE Reward Points / ₹100	2 Travel Credits / ₹200
Conservative base value ~1% vs ~0.3%	~1%	~0.3%
Earn ceiling	Not stated	Not stated
Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid. ₹0.2 vs ₹1	₹0.2	₹1
Point validity Only available for SBI Miles Prime	Not specified	2 years
Insurance — Lost card liability cover Only available for SBI Miles Prime	Not specified	₹1 lakh
Insurance — Underwriter Only available for SBI Miles Prime	Not specified	Insured by ICICI Lombard General Insurance Company Limited

Notes

Axis Bank Privilege Credit Card: Condition: ₹50,000 spend in the previous 3 calendar months
Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.

Axis Bank Privilege

Verify with issuer

SBI Card Miles Prime

Verify with issuer