Axis Bank KWIK RuPay Credit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank KWIK RuPay Credit Card is a lifetime free card designed to leverage the convenience of UPI payments while offering credit card benefits and rewards. It allows customers to link their RuPay credit card to UPI apps for secure transactions across various merchants, including small and rural businesses that accept QR code payments. Upon approval, cardholders receive an instant virtual credit card via the Kiwi mobile app, enabling immediate UPI transactions and reward accumulation. This card aims to provide all the privileges of a credit card combined with the ease and security of UPI.

Welcome Benefits

• NA (No specific welcome bonuses, vouchers, or joining perks are listed.)

Fees

• Joining Fee: Nil
• Renewal Fee: Nil
• Spend-Based Waiver: NA
• Rewards Redemption Fee:
  • Rs. 49 plus applicable taxes for redeeming 300 to 10,000 EDGE Reward Points.
  • Rs. 99 plus applicable taxes for redeeming more than 10,000 EDGE Reward Points.
• Foreign Currency Markup: 3.5% of the transaction amount.
• Interest Rates:
  • 3.6% per month.
  • 52.86% per annum.
• Fuel Surcharge: 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000. The maximum benefit is capped at Rs. 150 per month.
• Cash Advance Charges: NA
• Rent Transaction Fee: 1% of the transaction amount, capped at Rs. 1,500 per transaction.

Rewards

• Reward Type: Reward Points (EDGE Reward Points)
• Best Suited For: Shopping
• Reward Rate: Earn 2 EDGE Reward Points for every Rs. 200 spent on both domestic and international transactions.
• Movie & Dining Benefits: NA
• Travel Benefits: NA
• Domestic Lounge Access: NA
• International Lounge Access: NA
• Golf Benefits: NA
• Insurance Benefits: NA
• Reward Point Exclusions: Reward points are not earned on wallet reloads, rental payments, cash withdrawals, fuel spends, jewelry, government services, education, EMI transactions, and UPI transactions of less than Rs. 2,000.
• Reward Point Credit: Reward points earned for spends are credited to the cardholder’s EDGE Rewards account within 7 working days.

Rewards Redemption Guide

• EDGE Reward Points can be redeemed against a host of different choices at the Edge Reward portal. Redemption options include products, gift vouchers, flight and hotel bookings, and conversion to Airmiles.
• A reward redemption fee applies: Rs. 49 plus applicable taxes for redeeming 300 to 10,000 points, and Rs. 99 plus applicable taxes for redeeming more than 10,000 points.

Card Eligibility Criteria

• Eligibility Rules:
  • The applicant must be at least 18 to 70 years of age.
  • The applicant must be an Indian citizen.
  • The applicant must have a stable income source and a decent credit score.
• Documents Required:
  • ID Proof: Aadhar Card, PAN Card, Driver’s License, Passport.
  • Address Proof: Aadhar Card, Rent Agreement, Ration Card, Passport, Latest Utility Bills.
  • Income Proof:
    • Salaried Individuals: Latest salary slips and bank statements.
    • Self-employed Individuals: Audited ITR of the previous year.

Card Review

The Axis Bank KWIK RuPay Credit Card is an excellent offering, especially given its lifetime free status and seamless integration with UPI payments. It caters perfectly to individuals seeking the convenience of UPI transactions while simultaneously earning credit card rewards. This card proves particularly useful for transactions at small merchants and in rural areas that primarily accept QR code payments, expanding the reach of credit card usage. While it does not offer premium benefits like lounge access, dining, or travel perks, its core value lies in being a fee-free card with a competitive reward rate for general domestic and international spends, all within the secure and convenient UPI ecosystem. The instant virtual card issuance further enhances its appeal for immediate use.

• Pros:
  • Lifetime free credit card, with no joining or annual fees.
  • Receive a virtual credit card instantly upon approval, allowing immediate use.
  • Enables seamless UPI transactions, offering the dual benefit of UPI convenience and credit card rewards.
  • Can be used at small merchants and in rural/semi-rural areas that accept QR codes.
  • Offers a good reward rate of 2 EDGE RPs per Rs. 200 spent for a lifetime free card.
• Cons:
  • Does not provide international or domestic lounge access.
  • Lacks specific category benefits for movies, dining, travel, golf, or insurance.
  • Reward points are not earned on UPI transactions of less than Rs. 2,000, along with other exclusions like rent, fuel, and wallet reloads.

Important Product Details

• Lifetime Free Card: The card comes with no joining or annual fees, making it a cost-effective option.
• Instant Virtual Card: Upon approval, cardholders instantly receive a virtual version of the card on the Kiwi mobile app, enabling immediate activation and usage.
• UPI Integration: The card can be easily linked to UPI apps, allowing users to set up a UPI PIN and make secure UPI transactions with their credit card.
• Reward Earnings: Cardholders earn 2 EDGE Reward Points for every Rs. 200 spent on domestic and international transactions.
• Fuel Surcharge Waiver: A 1% fuel surcharge waiver is provided for transactions between Rs. 400 and Rs. 4,000, with a monthly cap of Rs. 150.
• Easy Activation: The card can be activated either by opening the KWIK app or any other UPI app to link the credit card by setting up a UPI PIN, or by logging into the Axis Bank mobile app or Internet Banking, heading to Credit Card, and unboxing the KWIK card with the activation code received with the welcome letter. Users can then set their UPI PIN and manage usage settings and limits.

Other Details

• The card has an overall rating of 4.5 out of 5 stars.
• To apply for the Axis Bank KWIK RuPay Credit Card, applicants need to download the Kiwi mobile app, select the "Apply for Axis Bank Kwik Credit Card" button, enter all required details and documents, and submit the application. The application status and final decision can be tracked directly from the app.
• Once approved, a virtual card is instantly issued on the Kiwi app, which can then be linked with UPI and a UPI PIN can be set up for immediate use.