Axis Bank KWIK Credit Card
The Axis Bank KWIK RuPay Credit Card is a lifetime free card that gives you the benefits of a credit card with the ease of UPI payments. You don’t have to pay any joining or annual fees. Once your card is approved, you get a virtual credit card right away, which you can use through the Kiwi app to make UPI payments. It works at any shop that accepts QR code payments — even in small towns and villages where regular card machines might not be available. This makes it easy for more people to use credit cards without needing a physical one.
The card also gives you rewards every time you spend. You earn 2 EDGE reward points for every ₹200 you spend, whether in India or abroad. It also comes with extra benefits like fuel surcharge waivers. Since there are no extra costs and it’s easy to use with UPI, this card is a great choice for anyone who wants a simple and smart way to pay — whether they live in a city or a village.
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 Kwik RuPay Credit Card: Features, Benefits, and How to Apply
The reward points you earn can be redeemed through the Axis EDGE Rewards portal. You can use your points to shop for products, buy gift vouchers, book flights and hotels, or convert them into air miles. A small redemption fee applies: ₹49 for up to 10,000 points and ₹99 for more than 10,000 points.
Fuel Surcharge Waiver
The card also offers a 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹4,000. The maximum benefit you can receive each month is ₹150.
Fees and Charges
The Axis Bank Kwik RuPay Credit Card is completely lifetime free, which means there are no joining or annual fees. Below are the key charges you should know about:
- Joining and Annual Fee: Lifetime free
- Interest Rate: 3.6% per month (52.86% per annum)
- Reward Redemption Fee: ₹49 for up to 10,000 points or ₹99 for more than 10,000 points
- Foreign Currency Mark-up Fee: 3.5% of the transaction amount
- Rent Payment Fee: 1% of the transaction amount, capped at ₹1,500 per transaction
How to Apply for the Axis Bank Kwik RuPay Credit Card
Applying for this credit card is completely online and takes only a few minutes.
Step 1: Download the Kiwi mobile app from Google Play Store or Apple App Store.
Step 2: Open the app and select “Apply for Axis Bank Kwik Credit Card.”
Step 3: Fill in your personal details, upload the required documents, and submit your application.
Step 4: Track your application status in the Kiwi app.
Step 5: Once approved, your virtual credit card will be issued instantly, which you can link to UPI and start using.
Eligibility Criteria and Documents Required
To be eligible for the Axis Bank Kwik Credit Card, you must:
- Be between 18 and 70 years old
- Be an Indian citizen
- Keep a regular income flow and a positive credit rating
Documents Required:
- Identity Proof: Aadhaar Card, PAN Card, Passport, or Driving License
- Address Proof: Aadhaar Card, Rent Agreement, Passport, or latest utility bill
- Income Proof:
- Salaried individuals: Latest salary slips and bank statements
- Self-employed individuals: Audited Income Tax Returns for the previous year
Axis Bank Kwik RuPay Credit Card Review
The Axis Bank Kwik RuPay Credit Card is a great option for users who prefer quick, digital, and hassle-free payments. It is a lifetime free card that offers reward points, UPI convenience, and instant activation through a virtual setup. While it does not include premium travel or dining benefits, it is one of the best entry-level credit cards for beginners and everyday users. It provides a smooth UPI payment experience, works even with small merchants, and rewards you for your daily spending.
If you are looking for a simple, secure, and smart credit card for UPI transactions, the Axis Bank Kwik RuPay Credit Card is definitely worth considering.
What transactions do not earn EDGE reward points on the Axis KWIK Credit Card?
Transactions such as fuel, rental payments, wallet top-ups, withdrawals, insurance, jewelry purchases, educational fees, government services, and EMIs do not earn reward points. Also, UPI credit card transactions under ₹2000 are not eligible for rewards.
How can I earn EDGE reward points using the Axis Bank KWIK Credit Card?
You can earn 2 EDGE reward points for every ₹200 spent, whether you are shopping in India or abroad.
Does the Axis KWIK Credit Card offer a fuel surcharge waiver?
Yes, you get a 1% fuel surcharge waiver on transactions between ₹400 and ₹4000, with a maximum benefit of ₹150 per month.
How do I activate the Axis Bank KWIK Credit Card for UPI payments?
To get started, just link your credit card with a UPI app and create a PIN. You will receive an activation code through Axis Bank's mobile app or internet banking. Once done, your card will be ready for UPI transactions.
What are the finance charges for purchases and cash withdrawals with the Axis KWIK Credit Card?
The finance charges for retail purchases and cash withdrawals are 3.7% per month, which is approximately 55.5% per year.
Do I get international lounge access with the Axis Bank KWIK Credit Card?
No, the Axis Bank KWIK Credit Card does not provide access to either international or domestic airport lounges.
What is the yearly or renewal fee for the Axis Bank KWIK RuPay Credit Card?
The Axis Bank KWIK RuPay Credit Card does not have any annual or renewal fees, making it a lifetime free card.
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