The popular card issuer, Axis Bank recently revised its credit card fees and charges in August 2022 and now, the bank has come up with another important update. If you have one or more Axis Bank Credit Cards, you must be knowing that most of the Axis Credit Cards offer Edge Rewards on all the spends. You earn Edge Rewards on almost all your spends using Axis Bank Credit Cards, but from now on, the Edge Rewards will not be applicable to certain categories. For detailed information regarding this, continue reading:
Axis Bank Revises Edge Rewards Earning On Credit Cards
As of now, Axis Bank Credit Cardholders earn Edge Rewards on almost all their purchases (with the rewards credit cards). But, with effect from November 15, 2022, spending on certain categories, including fuel, utilities, rent, educational services, and Government institution payments, will not be eligible for Edge Rewards. Any Reward Points that are earned in these categories before November 15, 2022, will remain unchanged.
However, the bank has not clearly mentioned whether this change will be applicable to the HNI Cards (such as the Burgundy Private, Reserve, or Magnus Credit Card) or not as these cards have not been included in the list as of now. But all other Axis Bank Credit Cards that offer Edge Rewards, will follow the same from 15th of November. Moreover, the Axis Bank Ace Credit Card can be seen there is the list, which is a cashback credit card and doesn’t offer Edge Rewards.
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This new update by Axis Bank can be a bit disappointing for some credit cardholders, but this doesn’t make the Axis Bank Credit Cards less rewarding. You can continue to earn Edge Rewards on all other categories and redeem them at the same redemption rate. However, a few things are not clear regarding this Edge Rewards revision as of now, but we will update the article as soon as the same is confirmed by the bank. Stay Tuned!
Any update on whether this is extended to Magnus & Reserve as well?