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Axis Bank recently launched the brand-new Rewards Credit Card, which is the perfect option for individuals who want unmatched rewards from their credit cards. Unlock great reward points for every purchase you make with the card along with accelerated 10x reward points for spends on departmental and apparel stores.

Whether you are an avid shopper or a foodie, you can get great benefits with this card, as it also provides 30% off food delivery from Swiggy. Available at a decent joining fee of Rs. 1000 plus taxes, you get 5,000 EDGE Reward Points as a welcome benefit, 1500 EDGE reward points on spending Rs. 30,000 or more monthly, and membership benefits worth Rs. 1000 every card anniversary year. Also, the card offers complimentary lounge access, dining benefits, insurance coverage, and other exciting privileges.

Quite similar to the Flipkart Axis Bank Credit Card, this card is the perfect choice for shopping enthusiasts. Read on to learn more about the Axis Bank Rewards Credit Card.

Axis Bank Rewards Credit Card
(4.5/5)

Fees

Joining Fee

Rs. 1,000 + GST

Renewal Fee

Rs. 1,000 + GST

Best Suited For

Dining | Shopping |

Reward Type

Reward Points

Welcome Benefits

5000 EDGE reward points on spending Rs. 1000 and above within 30 days of card activation

Movie & Dining

30% off on Swiggy orders and a 15% discount at various partner restaurants with the Dining Delights Program

Rewards Rate

2 EDGE reward points on every send of Rs. 125 and accelerated 10x EDGE reward points on every spend of Rs. 125 on departmental and apparel stores

Reward Redemption

Reward points can be redeemed for vouchers or products listed on the EDGE platform catalogue. Cardholders can transfer their reward points to partner Airmiles or points. Reward points can also be redeemed through Pay with Points via SMS or Online Pay with Point Redemption

Travel

Complimentary domestic lounge access for primary and add-on cardholders

Golf

NA

Domestic Lounge Access

2 complimentary domestic airport lounge access per quarter

International Lounge Access

NA

Insurance Benefits

Rs. 1 Lakh purchase protection cover and cover for loss of travel documents and baggage

Zero Liability Protection

Cardholders are not liable for fraud transactions if they report to the bank about losing their card in a timely manner

Spend Based Waiver

Renewal fee is waived off on spending Rs. 2 Lakhs or more in the card anniversary year

Rewards Redemption Fee

No fee for reward redemption but cardholder must have a minimum number of reward points to make redemptions

Rewards Redemption Fee

No fee for reward redemption but cardholder must have a minimum number of reward points to make redemptions

Foreign Currency Markup

3.5% of the total transaction amount

Interest Rates

3.6% per month or 52.86% per annum

Fuel Surcharge

1% of the transaction value which is waived off for transactions ranging from Rs. 400 to Rs. 5000

Cash Advance Charges

2.5% of the amount withdrawn or Rs. 500, whichever is higher in value

Add-on Card Fee

Nil

  • Welcome benefit of 5000 EDGE reward points
  • 2 EDGE reward points on every send of Rs. 125
  • 10x EDGE reward points on every spend of Rs. 125 on departmental and apparel stores
  • Membership benefits worth Rs. 1000 per card anniversary year
  • 30% off on Swiggy orders and 15% off at partner restaurants with the Dining Delights Program
  • 2 complimentary domestic airport lounge access per quarter
  • 1% fuel surcharge waiver with a maximum benefit of Rs. 400 every statement cycle
  • 1 Lakh purchase protection cover and cover for loss of travel documents and baggage

Pros

  • This card is best suited for avid shoppers as it provides 2 Edge Reward Points for every spend of Rs. 150.
  • You get 5,000 Edge Reward Points as a welcome point within 30 days of card issuance.

Cons

  • With the Axis Bank Rewards Credit Card, you won’t get access to international lounges at airports.
  • No golf benefits are provided with this card.

Axis Bank Rewards Credit Card Features and Benefits

Welcome Benefit

  • Get 5000 Edge Reward Points on net spend of Rs. 1000 or more within 30 days of getting the credit card.
  • Customers who swap their existing Axis Bank card for the Rewards credit card are not eligible for the welcome benefit.

Membership Benefit

  • Enjoy membership bouquets up to Rs. 1000 every card anniversary year. Within 60 days of getting eligible, cardholders get their membership link through SMS on their mobile number. The benefit is available only after payment of the card renewal fee.
  • The cardholder is notified of the membership benefit by Axis Bank after paying the card’s minimum due amount for the 13th month before the due date. The membership benefit is not available to those who have a lifetime free card.

Milestone Benefits

  • Get 1500 Edge Reward Points on spending over Rs. 30000 every card statement cycle. EMI transactions, wallet, rent, and cash withdrawal transactions are not eligible for the milestone benefit.
  • Customers who swap their existing Axis Bank card to the Rewards credit card are not eligible for the welcome benefit.
  • Cardholders also get a renewal fee waiver on spending Rs. 2 Lakhs or more in the card anniversary year.

Dining Benefits

Swiggy Offer

Get an exclusive 30% off on Swiggy orders by using the “AXIS30” coupon code while placing the order. A minimum order value of Rs. 200 is required to be eligible for the offer, and you get a maximum discount of Rs. 150. The offer is available twice per month for the cardholder.

Dining Delights

Avail a 15% discount up to a maximum of Rs. 500 at various partner restaurants across India through the Dining Delights Program. Make sure to notify the restaurant about your Rewards credit card before they generate your bill.

Domestic Lounge Access

  • Cardholders get 2 complimentary domestic lounge access every quarter with the Rewards credit card.

Fuel Surcharge Waiver

  • Get a 1% fuel surcharge waiver on gas stations across India on transactions between Rs. 400 and Rs. 5000. Cardholders can avail of a maximum benefit of Rs. 400 every month.
  • There are no reward points earned on fuel payments, and the GST levied on the surcharge cannot be refunded through the waiver.

Insurance Benefits

Cardholders get plenty of insurance benefits with their Rewards credit card –

  • 1 Lakh Purchase Protection Cover for the cardholder
  • USD 300 cover for loss of travel documents and check-in baggage delay
  • USD 500 cover for check-in baggage loss
  • 1 Lakh credit shield for the cardholder

Reward Points Accrual

  • 2 Edge Reward Points on every spend of Rs. 125
  • Accelerated 10x Edge reward points on spending every Rs. 125 on departmental and apparel stores. Accelerated reward points are capped at 1008 points per month on spending a maximum of Rs. 7000. On spending over Rs. 7000, reward points are earned at the normal rate.
  • Spends on utilities, insurance, wallet reloads, rent, fuel, transportation, and tolls, government and educational institutions do not earn 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

There is no maximum capping on Base Reward Points, whereas there is a threshold on accelerated rewards of 1,008 Edge Reward Points.

Reward Points Redemption

  • Cardholders can redeem their EDGE reward points through mobile or net banking on the product catalog listed on the EDGE platform. A minimum of 300 reward points are needed to make any redemption.
  • Cardholders can convert or transfer their EDGE reward points to partner miles or points. 10 RP = 1 Partner Mile
  • Cardholders can redeem their reward points through Pay with Points via SMS at online and offline merchants on eligible transactions. 1 RP = 20 paise, and a minimum of 300 reward points are needed to make any redemption of this type.
  • Cardholders can redeem their reward points online using mobile or net banking through Online Pay with Point Redemption. 1 RP = 20 paise, and a minimum of 300 reward points are needed to make any redemption of this type.
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

Axis Bank Rewards Credit Card Fees and Charges

The following are some important fees and charges associated with the Rewards credit card–

  • The card comes with an annual and renewal fee of Rs. 1000 plus taxes. Cardholders can get a renewal fee waiver on spending Rs. 2 Lakhs or more in the card anniversary year.
  • The card has a nominal interest rate of 3.6% per month or 52.86% per annum
  • The card has a forex markup fee of 3.5% of the total transaction amount
  • The card has a cash withdrawal fee of 2.5% of the total amount withdrawn or Rs. 500, whichever is higher in value

Axis Bank Rewards Credit Card Eligibility Criteria

Here are the eligibility criteria that an individual must pass before applying for the Rewards credit card –

  • 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

Axis Bank Rewards Credit Card Review

As the name suggests, the Axis Bank Rewards Credit Card rewards the cardholder for almost every spend made with the card. It is ideal for those who regularly shop and go out as the card offers accelerated reward points on departmental and apparel stores, along with 15% off at partner restaurants across India through the Dining Delights program.

Moreover, the card comes with a decent annual fee of Rs.1000 plus taxes that can be waived off on spending Rs. 2 Lakhs or more in the anniversary year. Cardholders can also enjoy a nice welcome benefit, monthly spend benefit, and an annual membership benefit. It is the right choice for individuals who want to be rewarded for every swipe of their credit card.

Tell us your views in the comments below.

FAQs:

Yes, you can get the Rs. 1000 renewal fee of the Rewards credit card waived off by spending Rs. 2 Lakhs or more in the previous year.
The interest rate on the Rewards credit card is 3.6% per month or 52.86% per annum.
Yes, you can make cash withdrawal using the Rewards credit card. You will be charged a cash advance fee of 2.5% of the withdrawal amount or Rs. 500, whichever is higher of the two.
Cardholders can get a bonus 1500 EDGE reward points on spending Rs. 30,000 or more every month. Rent, wallet reloads, fuel, and cash withdrawal transactions do not count towards the milestone benefit.
Yes, you get 2 complimentary domestic lounge access at airports across India with the Rewards credit card. However, you do not get international lounge access with this card.
Axis Bank Rewards Credit Card

Axis Bank Rewards Credit Card

(4.5/5)

3 Comments

  1. ARVIND MOHAN UNIYAL Reply

    I have Axis bank SAMSUNG credit card. Can I swap it with Axis bank rewards card? If yes then the procedure thereof.

  2. Veeramanikandan Reply

    Yes u can if u had account u can upgrade the card

  3. Chatur Reply

    I’ve been using the Axis Bank Rewards Credit Card for a year now, and I’m really happy with it. Earning points on almost everything I buy is excellent, and the reward options are diverse. I recently used my points to redeem a voucher for my favorite online store. I definitely recommend this card!

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