Axis Bank Rewards Credit Card
Axis Bank is the one of most popular banks in India, which provides several credit cards for their customers. Recently Axis Bank launched the Axis Bank Rewards Credit Card, a perfect option for shoppers and foodies who are seeking unmatched rewards. With 10X reward points on departmental and apparel purchases, 30% off on Swiggy deliveries, and exciting benefits like complimentary lounge access, dining benefits, insurance coverage, etc, this card is perfect for those who aim to maximize their every spend.
It offers 5,000 EDGE Reward Points to users as a welcome bonus, and get monthly rewards on spending Rs.30,000 or more & annual membership benefits. With a decent joining fee of Rs.1,000+ taxes, it’s a great option for shopping enthusiasts and for those looking for exclusive privileges. So let’s dive deeper to read more detail on this card.
Axis Bank Rewards Credit Card
Key Highlights of the Card
- Joining Fees: Rs. 1,000 + GST
- Renewal Fees: Rs. 1,000 + GST
- Best Suited To: Shopping | Dining
- Reward Type: Rewards Points
Rewards & Benefits of Axis Rewards Credit Card
- Movie & Dining: With the Dining Delight Program users get a 15% discount at various partner restaurants and 30% off on Swiggy delivery.
- Rewards Rate: Upon spending every Rs.125 on departmental stores and apparel users can get accelerated 10X EDGE reward points and on sending of every Rs.125 you can also get 2 EDGE reward points.
- Domestic Lounge Access: Get 2 complimentary domestic airport lounge access per quarter.
- Insurance Benefits: Rs.1 lakh purchase protection cover and cover for loss of travel documents and baggage.
- Spend-Based Waiver: The card renewal fee is waived off if you spend Rs.2 lakh or more in the card anniversary year
- Fuel Surcharge waiver: 1% of the transaction value which is waived off for transactions ranging from Rs.400 to Rs.5000.
Fees & Charges
- Rewards Redemption Fee: No applicable fee on reward redemption. But users have a minimum number of reward points to make redemption
- Foreign Currency Markup: 3.5%
- Interest Rates: 3.6% per month or 52.86% per annum.
- Cash Advance Charges: 2.5% of the amount withdrawn or Rs.500 whichever is higher in value.
Key Features of the Card
- Get 5000 EDGE reward points as a Welcome Benefit
- 2 EDGE reward points on every send of Rs.125
- 10X EDGE reward points on every spend of Rs.125 on departmental store and apparel
- Get worth Rs.1000 Membership benefit on each card anniversary year.
- 30% off on Swiggy orders and 15% off at partner restaurants with the Dining Delight Program
- 2 complimentary domestic airport lounge access per quarter
- 1% fuel surcharge waiver with a maximum benefit of Rs.400 per statement cycle
- Rs.1 lakh purchase protection cover and cover for loss of travel documents and baggage.
Pros & Cons of Card
Pros:
- This card is the best option for avid shoppers as it provides 2 EDGE Reward Points for every spend of Rs.125.
- You can Get 5,000 EDGE Reward Points as a welcome point within 30 days of the card issuance.
Cons:
- You won’t get access to international airport lounges with this card.
- No Golf benefits are provided with this card.
Other Benefits Of Axis Bank Rewards Credit Card
Welcome Benefit
- Earn 5000 EDGE reward points on spending of Rs.1,000 within 30 days of receiving the card. These reward points hold the value of worth Rs.1,000 exactly the same amount as the joining fee.
- Customers who exchange their current Axis Bank Card for the Rewards Credit card will not get welcome benefits.
Membership Benefit
- On every card anniversary year enjoy Membership Bouquets up to ₹1000. Cardholders receive their membership link through SMS on their registered mobile number, within 60 days of getting eligible.
- Axis Bank informs the cardholders about the membership benefit after they have paid the card’s minimum due amount for the 13th month before the due date. If the users have a lifetime free card then they are not avail of the membership benefit.
Milestone Benefit
- Users can receive up to 1,500 EDGE reward points on spending over ₹30,000 on every card statement cycle. Transactions such as EMI, wallet, rent payments, and cash withdrawals do not eligible for the milestone benefits.
- Customers who exchange their current Axis Bank Card for the Rewards Credit card will not get welcome benefits.
- Upon spending of Rs.2 lakh, cardholders get a renewal fee waiver on the card anniversary year.
Swiggy Discounts
Axis Bank offers an exclusive 30% off on Swiggy while placing an order by using the coupon code “AXIS30”. To be eligible for the offer, a minimum order of Rs.200 is necessary, with a maximum discount limit of Rs.150. Cardholders can avail of this offer twice each month.
Dining Delights
Through the Dining Delights Program you can avail a 15% discount up to a maximum of Rs.500 at various partner restaurants across India. Make sure to inform the restaurants about your Rewards credit card before they prepare the bill.
Domestic Lounge Access
With this Reward credit card, card issuers get 2 complimentary domestic airport lounge access every quarter. To be eligible for free domestic lounge access you would need to spend Rs.50,000 in the next quarter. This criterion is waived for the first three months in the case of a newly issued card.
Fuel Surcharge Waiver
- Cardholders get a 1% fuel surcharge waiver on gas stations across India on the transactions between ₹400 and ₹5000 and can avail of a maximum benefit of Rs.400 every month.
- Fuel payments do not earn reward points and the GST charged on the surcharge is not eligible for a refund through the waiver.
Insurance Benefits
With the Reward credit card cardholders take plenty of insurance benefits:
- ₹1 Lakh Purchase Protection Cover for the cardholder.
- $300 cover for loss of travel documents and check-in baggage delay.
- $500 cover for check-in baggage loss.
- ₹1 Lakh credit shield for the cardholder.
Reward Points Accretion
- On every spend of Rs.125 get unlimited 2 EDGE Reward Points.
- Get accelerated 10X EDGE Reward Points on spending of every Rs.125 o departmental store and apparel.
- Accelerated reward points are limited to 1,008 points per month for spending up to Rs.7,000. Any amount spent beyond Rs.7,000 earns reward points at the standard rate.
- Expenses on utilities, insurance, wallet top-ups, rent, fuel, transportation, tolls, government services, and educational institutions are not eligible for reward points.
- Reward points are credited automatically to the cardholder’s EDGE account.
| Category | Base Rewards (1X) | Accelerated Rewards (9X) | Total |
|---|---|---|---|
| Departmental and Apparel Stores | 2 Edge Rewards | 18 Edge Rewards | 20 Edge Reward Points |
| Others | 2 Edge Rewards | – | 2 Edge Reward Points |
Reward Points Redemption
- Cardholders can use their EDGE reward points to redeem items from the product catalog available on the EDGE platform via mobile or net banking. To make any redemption a minimum of 300 reward points will be required.
- Cardholders can transfer or convert their EDGE reward points to partner miles or points. 10 RP = 1 Partner Mile.
- Cardholders can redeem their reward points using the Pay with Points feature via SMS at both online and offline merchants for eligible transactions. Each reward point is valued at 20 paise, with a minimum of 300 points required for redemption.
- Cardholders can redeem reward points online through mobile or net banking using the Online Pay with Point Redemption feature. Each reward point (RP) is valued at 20 paise, and a minimum of 300 points is required for redemption.
| Redemption Category | Redemption Rate | Minimum Reward Points Needed for Redemption |
|---|---|---|
| EDGE Catalogue | As per EDGE catalog structure for different products and vouchers | 300 |
| Partner Airmiles/Points | 10 RP = 1 Partner Point | – |
| Pay with Points via SMS | 1 RP = 20 paise | 300 |
| Online Pay with Point Redemption | 1 RP = 20 paise | 300 |
Eligibility Criteria
Before applying for the Rewards Credit Card an individual must have to meet the below eligibility requirements:
- The applicant must be between 18 and 70 years old
- The applicant must have a stable income source
- The applicant must be an Indian resident
Final Verdict on Axis Bank Rewards Credit Card
The Axis Bank Rewards Credit Card is ideal for frequent shoppers or diners, offering accelerated rewards, dining discounts, and valuable benefits. With a waiver on its Rs.1000 annual fee upon meeting spending criteria, it ensures rewarding experiences effortlessly.