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

Introduction

The Axis Bank KWIK RuPay Credit Card is a lifetime free offering from Axis Bank, designed to integrate the convenience of UPI payments with credit card benefits. Positioned as an entry-level card, it allows users to link their credit card to UPI apps for seamless transactions, even at small and rural merchants. Its top differentiating benefits include being lifetime free, providing an instant virtual card upon approval via the Kiwi mobile app, and offering a consistent reward rate on domestic and international spends. This card is best suited for shopping and earns reward points.

Fees

• Joining Fee: Nil
• Renewal Fee: Nil
• Rewards Redemption Fee:
  • Rs. 49 plus taxes for redeeming 300 to 10,000 EDGE Reward Points.
  • Rs. 99 plus 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 (equivalent to 52.86% per annum).
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4000, with a maximum benefit capped at Rs. 150 per month.
• Cash Advance Charges: Not specified.
• Rent Transaction Fee: 1% of the transaction amount, capped at Rs. 1500 per transaction.

Rewards

• Reward Rate: Earn 2 EDGE Reward Points for every Rs. 200 spent on both domestic and international transactions.
• Reward Exclusions: Reward points are not earned on wallet reloads, rental payments, cash withdrawals, fuel spends, jewelry purchases, government services, education fees, EMI transactions, and UPI transactions of less than Rs. 2000.
• Reward Point Credit: Reward points are credited to the cardholder’s EDGE Rewards account within 7 working days.
• Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4000, with the maximum benefit capped at Rs. 150 per month.
• Movies & Dining: Not specified.
• Travel: Not specified.
• Domestic Lounge Access: Not provided.
• International Lounge Access: Not provided.
• Golf: Not specified.
• Insurance Benefits: Not specified.

Rewards Redemption Guide

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

Card Eligibility Criteria

• Age: The applicant must be between 18 and 70 years of age.
• Citizenship: The applicant must be an Indian citizen.
• Income: The applicant must have a stable income source.
• Credit Score: The applicant must have a decent credit score.

Documents Required

• ID Proof: Aadhar Card, PAN Card, Driver’s License, Passport, or similar.
• Address Proof: Aadhar Card, Rent Agreement, Ration Card, Passport, Latest Utility Bills, or similar.
• 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 choice for individuals seeking a lifetime free credit card that seamlessly integrates with UPI payments. It offers the convenience of using a credit card for UPI transactions, allowing users to earn rewards even at small and rural merchants that typically only accept QR code payments. While it lacks premium features like lounge access, travel, or dining benefits, its lifetime free status and consistent reward rate make it a valuable option for everyday shopping and UPI-based spending.

Pros

• It is a lifetime free credit card, with no joining or annual fees.
• Cardholders receive a virtual credit card instantly upon approval via the Kiwi mobile app.
• Offers seamless UPI transaction capability, allowing credit card use at merchants with QR codes.
• Provides a decent reward rate of 2 EDGE RPs per Rs. 200 spent on domestic and international transactions.

Cons

• Does not offer international or domestic lounge access.
• Lacks specific benefits for travel, dining, movies, golf, or insurance.

Important Product Details

• This is a lifetime free credit card, with no joining or annual fees.
• Receive a virtual card instantly on the Kiwi mobile app after getting approved.
• Easily activate the card and set up a UPI PIN to make UPI transactions.
• Earn 2 EDGE Reward Points per Rs. 200 spent on domestic and international transactions.
• Benefit from a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4000, capped at Rs. 150 per month.
• The card enables seamless UPI transactions, allowing users to get double benefits (UPI convenience and reward points).
• No need to wait for a physical card; the virtual version is available immediately upon approval.
• The card can be activated via the KWIK app, any other UPI app, or through the Axis Bank mobile app/Internet Banking.

Other Details

• Application Process:
  • Download the Kiwi mobile app from the Google Play Store or Apple App Store.
  • Open the app and select the "Apply for Axis Bank Kwik Credit Card" button.
  • Enter all required details and submit necessary documents.
  • Check the application status and final decision directly from the application.
  • Upon approval, instantly receive a virtual card on the Kiwi application, link it with UPI, set up your UPI PIN, and start using the card for UPI transactions.
• The card allows you to use your credit card at small merchants in rural and semi-rural areas that don’t accept traditional card payments but have merchant QR codes.