Axis Bank Rewards Credit Card
The Axis Bank Rewards Credit Card is great for those who enjoy earning benefits while spending. It offers reward points on every purchase, with 10X points for shopping at departmental and apparel stores. You can also save with a 30% discount on Swiggy food orders, making it ideal for both shoppers and food lovers.
You need to pay a joining fee of ₹1,000 plus taxes for the card. As a welcome gift, you’ll get 5,000 EDGE Reward Points. If you spend ₹30,000 in a month, you’ll get 1,500 extra points. Cardholders also receive annual perks worth ₹1,000 and benefits like complimentary lounge access, dining discounts, and insurance coverage. Spend ₹2 lakh in a year to get the joining fee waived.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
Axis Bank Rewards Credit Card – Features, Benefits, and Review
The Axis Bank Rewards Credit Card is made for people who enjoy shopping, dining, and earning points on every purchase. It rewards you every time you swipe the card and also gives access to exciting lifestyle benefits. From free lounge visits to special dining offers, it combines daily convenience with great value.
Key Highlights
This credit card comes with several useful benefits:
- You earn reward points on almost every spend.
- Enjoy special discounts on Swiggy and restaurants.
- Get free airport lounge access within India.
- Earn milestone bonuses for higher monthly spends.
- Enjoy insurance protection and fuel surcharge waivers.
All these features make it one of the most rewarding credit cards for everyday use.
Reward Points on Every Spend
With the Axis Bank Rewards Credit Card, you earn 2 EDGE Reward Points for every ₹125 spent on regular purchases. When you shop at departmental or apparel stores, you earn 10X EDGE Reward Points, helping you earn faster. The accelerated rewards are available up to 1,008 points per month on spending ₹7,000.
Your reward points are automatically added to your EDGE account. However, you won’t earn points on payments for fuel, utilities, insurance, rent, wallets, tolls, or government services.
Welcome Benefit
New cardholders get a welcome gift of 5,000 EDGE Reward Points on spending ₹1,000 or more within the first 30 days of getting the card. These points are worth ₹1,000, which means you get back the same amount as the joining fee.
This offer is available only for new cardholders. If you have upgraded from another Axis Bank card, you won’t be eligible for the welcome benefit.
Dining Delights
Food lovers will enjoy the Dining Delights Program. You can get 15% off up to ₹500 at selected partner restaurants across India. To claim the offer, just inform the restaurant that you’ll be paying with your Axis Bank Rewards Credit Card before the bill is generated.
This benefit is a great way to save money while enjoying your favorite meals.
Swiggy Offer
Ordering food online becomes even more exciting with Axis Bank’s Swiggy discount offer. Use the promo code AXISREWARDS and get 30% off on your Swiggy orders. The offer applies twice a month with a minimum order value of ₹500 and a maximum discount of ₹150 per order.
This offer is perfect for people who regularly order food online and love quick savings.
Membership Benefit
Cardholders can enjoy Membership Bouquets worth up to ₹1,000 every year on their card anniversary. Axis Bank sends a membership link via SMS within 60 days of eligibility. To unlock this benefit, the renewal fee must be paid. Lifetime free cardholders are not eligible for this membership reward.
The bank also sends a notification once the minimum due amount for the 13th month is cleared before the due date.
Milestone Benefits
The Axis Bank Rewards Credit Card also offers milestone benefits. If you spend ₹30,000 or more in a billing cycle, you earn 1,500 EDGE Reward Points as a bonus.
Additionally, if you spend ₹2 lakh or more in a card anniversary year, you get a renewal fee waiver for the next year. Transactions such as EMIs, rent, wallet loading, or cash withdrawals do not qualify for this milestone reward.
These benefits encourage smart spending while helping you save on annual fees.
Free Domestic Lounge Access
The Axis Bank Rewards Credit Card gives two complimentary domestic airport lounge visits per quarter. To qualify, you need to spend ₹50,000 or more in the previous quarter. For newly issued cards, this condition is waived for the first three months.
This benefit makes travel more comfortable and convenient, especially for frequent travelers.
Fuel Surcharge Waiver
You can save on fuel costs with a 1% fuel surcharge waiver at petrol stations across India. The waiver is valid for transactions between ₹400 and ₹5,000, with a maximum benefit of ₹400 per month.
Please note that reward points are not earned on fuel transactions, and the GST applied on the surcharge cannot be refunded.
Insurance Benefits
The Axis Bank Rewards Credit Card also includes useful insurance covers for your safety and peace of mind:
- ₹1 lakh Purchase Protection Cover.
- ₹1 lakh Credit Shield Cover.
- $300 coverage for loss of travel documents or delayed baggage.
- $500 coverage for baggage loss.
These covers protect you from unexpected expenses while traveling or shopping.
Annual Fee and Waiver
The joining fee for this card is ₹1,000 plus taxes, and the same applies as an annual renewal fee. However, if you spend ₹2 lakh or more during a card anniversary year, the renewal fee is completely waived.
This ensures that regular users can enjoy all the benefits of the card at no extra cost.
Redeeming Your Reward Points
Redeeming your reward points is easy and flexible. You can use the Axis Bank EDGE Rewards portal through mobile or internet banking. Here are the ways you can redeem your points:
- EDGE Rewards Catalogue: Redeem points for products, vouchers, or experiences.
- Pay with Points: Use points to pay at online or offline merchants (1 RP = ₹0.20).
- Partner Miles/Points: Convert 10 EDGE Points into 1 partner air mile or loyalty point.
A minimum of 300 reward points is needed to make a redemption.
Eligibility Criteria
To apply for the Axis Bank Rewards Credit Card, you must meet the following conditions:
- Age should be between 18 and 70 years.
- You must have a stable source of income.
- You should be an Indian resident.
These basic criteria make it easy for most applicants to qualify for the card.
Axis Bank Rewards Credit Card Review
The Axis Bank Rewards Credit Card is an excellent option for those who love to shop, dine, and travel within India. It offers good value with its combination of reward points, lifestyle benefits, and milestone bonuses.
The welcome benefit gives you instant value, while the milestone and membership rewards encourage consistent usage. Complimentary lounge access and discounts on Swiggy and restaurants add extra comfort and savings.
With a reasonable annual fee that can be waived off, it’s a smart choice for anyone who wants a card that rewards everyday spending. Whether you’re a frequent shopper or someone who loves good dining offers, this card delivers solid value and benefits for its price.
What insurance benefits come with this card?
The card offers travel insurance, purchase protection, and lost card liability coverage.
What is the time limit to use Axis reward points?
EDGE reward points are valid for three years from the date they are earned.
Can reward points be converted to cash?
Yes, some banks let you turn your reward points into cash, which is added straight to your credit card account.
How can I redeem my Axis Bank reward points?
You can redeem your reward points through the Axis Bank mobile app by navigating to the 'Rewards' section, selecting the 'Redeem Now' option, and choosing from available categories.
What does 10X reward points mean with Axis Bank?
It means you earn ten times the usual points on eligible transactions.
Can I add additional cardholders?
Yes, you can add up to three supplementary cardholders at no extra cost.
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