Axis Bank AURA Credit Card
The Axis Bank AURA Credit Card is specially designed for people who care about their health and fitness. It was launched when health awareness became a top priority for many. This card offers several unique benefits, including free doctor consultations, fitness sessions, and discounts on nutrition products. It’s similar to the YES Bank Wellness Credit Card but focuses more on wellness and medical services.
When it comes to rewards, you earn 2 EDGE Points for every Rs. 200 spent on general purchases and 5X EDGE Points on insurance payments. Since each EDGE Point is worth Rs. 0.20, this means you get a reward rate of 0.2% on most purchases and 1% on insurance expenses. Though not the highest reward rate, these points can still be valuable for frequent users.
This card is ideal for health-conscious individuals who regularly consult doctors or engage in fitness activities. Partnerships with popular health and wellness brands like Practo, Fitternity, and Decathlon add more value. The card has a joining and annual fee of Rs. 749 each, with finance charges of 3.4% per month. If you often spend on health and fitness, this card can help you save while accessing premium services.
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.
How can I redeem reward points earned with the Axis Bank Aura Credit Card?
Visit the Axis eDGE rewards catalog, select your preferred items, and redeem your points.
Can I apply for the Axis Bank Aura Credit Card online?
Yes, you can apply for the card online.
Is there any annual fee waiver for this credit card?
No, there isn't. You must pay Rs. 749 annually from the second year onwards.
What are the dining privileges offered by this credit card?
Enjoy up to a 20% discount on dining at partner restaurants through the Dining Delights Program.
Does this credit card provide any benefits on fuel purchases?
Yes, it offers a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000 per month at any fuel station, with a maximum remission of Rs. 250 per statement cycle.
How do I use the Rs. 750 Decathlon gift voucher?
The voucher can be redeemed both at Decathlon stores and on their website.
What rewards can I earn using this credit card?
Earn 2 EDGE Points for every Rs. 200 spent, with accelerated 5X points on insurance-related expenses.
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