Axis Bank Arise Debit Card – Benefits, Fees & Eligibility

Introduction

The Arise Debit Card, issued by Axis Bank, is specifically designed to empower women by providing them with a robust financial tool to manage their expenses with ease. Primarily linked to the Arise Women's Savings Account, this card offers a range of benefits including high transaction limits, complimentary domestic airport lounge access, eDGE Reward points, and exclusive discounts on beauty and fashion. Beyond transactional convenience, it also provides holistic healthcare benefits, financial solutions from experts, additional offers, a family banking program, and locker benefits, aiming to support women's financial independence comprehensively.

Welcome Benefits

• The minimum spends criteria for complimentary domestic airport lounge access is waived for newly issued debit cards for the month of issuance and the following three calendar months.

Transaction Limits & Usage

• Daily ATM cash withdrawal limit: ₹1,00,000.
• Daily POS/online purchase limit: ₹5,00,000.
• For minor accounts, the maximum daily cash withdrawal limit is ₹5,000 and the daily purchase limit is ₹10,000.
• International usage is available and can be easily enabled through an Axis Bank Branch, Mobile App, or Internet Banking.
• The card supports contactless payments with an increased payment limit of up to ₹5,000.

Fees and Charges

• Debit Card Variant: Arise Debit Card
• Card Network: Mastercard
• Joining/Issuance Fees: ₹450 + GST (applicable for both primary and joint holders).
• Annual Fees: ₹450 + GST (applicable for both primary and joint holders).
• Card Replacement Fees: ₹200 + GST.
• Domestic ATM cash withdrawal charges: ₹23 (applicable beyond the set free limit).
• Domestic ATM non-financial transaction charges: ₹10 (applicable beyond the set free limit).
• International ATM cash withdrawal charges: ₹125.
• International ATM non-financial transaction charges: ₹25.
• Foreign Currency Markup (Cross currency mark-up): 3.5% will be levied on all international cash withdrawal and purchase transactions.
• Dynamic Currency Conversion (DCC) markup fee: 1% plus GST will be applicable.

Rewards & Offers

• eDGE Loyalty Rewards:
  • Earn 1 EDGE REWARDS point for every ₹200 spent on domestic and international transactions.
  • EDGE REWARDS are not awarded on cashback categories and certain merchant categories such as Charities, Mutual Funds, Telecom, Education, Utilities, Government/Insurance, Public Sector, Life Insurance, Purchase of foreign currency, Post Office, fuel, and transportation.
  • The Axis Bank EDGE Rewards structure on debit cards was revised effective from 15th June 2022.
• Discounts:
  • Get 10% off on beauty and fashion with Nykaa. This offer is valid only on the Nykaa website and app on a minimum order value of ₹2,000.
• Lounge Access:
  • Enjoy complimentary domestic airport lounge access 1 time per quarter.
  • Access is based on a minimum eligible spend of ₹5,000 in the previous three calendar months.
  • For newly issued debit cards, the minimum spends criteria is waived for the month of issuance and the following three months.
• Insurance & Protection:
  • Personal Accident Cover: ₹3,00,000.
  • Air Accident Insurance Cover: Up to ₹1 Crore.
  • Price Protection: Up to ₹50,000.
  • Purchase Protection: Up to ₹50,000.
  • Insurance on Baggage Loss/Checked in baggage, Baggage delay: Up to 500 USD.
• Instant Alerts:
  • The SMS alerts facility sends instant alerts each time the debit card is used for a purchase or cash withdrawal.
  • Receive other important information via SMS such as balance inquiry, debit or credit alerts, and last three transaction details.

Account & Eligibility Criteria

• To be eligible for an Arise Debit Card, customers are required to open an Arise Women's Savings Account with Axis Bank.

Debit Card Review

• Overall Verdict: The Arise Debit Card from Axis Bank is a well-rounded offering specifically designed for women, providing a blend of high transaction limits, robust insurance coverage, and lifestyle benefits. It aims to support financial independence and cater to modern spending habits.
• Pros:
  • High daily transaction limits for both ATM withdrawals (₹1,00,000) and purchases (₹5,00,000).
  • Comprehensive insurance benefits including ₹3,00,000 Personal Accident Cover, ₹1 Crore Air Accident Insurance, and protection for purchases and baggage.
  • Complimentary domestic airport lounge access (1 per quarter), with a waiver for new cards.
  • eDGE Loyalty Rewards on most domestic and international spends.
  • Exclusive 10% discount on beauty and fashion with Nykaa.
  • International usage capability and contactless payment convenience.
• Cons:
  • An annual fee and issuance fee of ₹450 + GST each are applicable.
  • Lounge access requires a minimum spend criterion (waived for new cards for a limited period).
  • Rewards are not awarded on certain merchant categories, including fuel and utilities.
  • International transactions incur a cross-currency mark-up of 3.5% and a DCC markup fee of 1% plus GST.
• Who should apply: This card is ideal for women who are account holders of the Axis Bank Arise Women's Savings Account, frequently engage in high-value transactions, travel domestically, and seek a debit card that offers significant insurance protection, lifestyle perks, and rewards on their spending.

Important Product Details

• Card Name: Arise Debit Card
• Issuing Bank: Axis Bank
• Card Network: Mastercard
• Key Highlights:
  • Enhanced daily cash withdrawal limit of ₹1,00,000.
  • Enhanced daily purchase limit of ₹5,00,000.
  • Complimentary domestic airport lounge access (1 per quarter, subject to spend criteria).
  • Earn 1 EDGE REWARDS point for every ₹200 spent on domestic and international transactions.
  • Comprehensive insurance coverage: ₹3,00,000 Personal Accident Cover, ₹1 Crore Air Accident Insurance, ₹50,000 Price Protection, ₹50,000 Purchase Protection, and up to 500 USD for Baggage Loss/Delay.
  • Exclusive 10% off on beauty and fashion with Nykaa.
  • International transaction capability.
  • Contactless payment facility for transactions up to ₹5,000.
• Potential Drawbacks:
  • Joining/Issuance Fees: ₹450 + GST.
  • Annual Fees: ₹450 + GST.
  • Cross currency mark-up of 3.5% and Dynamic Currency Conversion (DCC) markup fee of 1% plus GST on international transactions.
  • EDGE REWARDS are not applicable on certain merchant categories.

Other Details

• The Debit Card PIN can be easily generated anytime at any nearest Axis Bank ATM or by calling Axis Bank Phone Banking.
• In case of loss, theft, or suspected misuse, the debit card can be instantly blocked by sending an SMS ‘BLOCKCARD ’ to 5676782 (NRI customers to +919717000002), calling the Emergency Helpline Number +91-22-67987700 or Customer Care Number 1860-419-5555/1860-500-5555, or by logging into Internet Banking and selecting the ‘Block Card’ option.
• The terms and conditions on Axis Bank Debit Cards were updated effective from 1st May 2024.
• Customers are advised not to use their Debit Card or online banking facility for collecting and effecting/remitting payments directly/indirectly outside India towards overseas foreign exchange trading through electronic/internet trading portals, as this may lead to contravention of the Foreign Exchange Management Act (FEMA), 1999, and violations of Know Your Customer (KYC) norms/Anti Money Laundering (AML) standards.