Axis Bank Online Rewards Debit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank Online Rewards Debit Card is designed for customers seeking accelerated rewards on their everyday spending, particularly online. Issued by Axis Bank, this card is linked to savings or salary accounts (excluding Burgundy, Priority, NRI, no-frills, and basic savings accounts) and offers a range of benefits including GRAB DEALS instant discount vouchers, higher EDGE REWARD points on various categories, high transaction limits, and comprehensive insurance coverage. Please note that the features and benefits mentioned are not applicable for Amaze savings account customers on-boarded 18th December 2023 onwards.

Welcome Benefits

• Activation Benefit: Receive a Grab Deals Voucher worth ₹500 upon completing one transaction within 30 days of card issuance.
• Milestone Benefit: Get another Grab Deals voucher worth ₹500 on your card anniversary year.

Transaction Limits & Usage

• Daily ATM Cash Withdrawal Limit: ₹50,000.
• Daily POS/Online Purchase Limit: ₹5 lakh (subject to balances held in your account).
• Contactless Payments: Enjoy an increased payment limit of up to ₹5,000 for contactless transactions.
• International Usage: The card allows transactions across the world. This service can be easily enabled through the Axis Bank Mobile App or by calling Customer Care.

Fees and Charges

• Card Platform: Visa/Mastercard.
• Issuance Fee (Primary/Joint): ₹500.
• Annual Fees: ₹500.
• Replacement Fee: ₹200.
• 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.
• Cross-Currency Mark-up: A 3.5% mark-up will be levied on all international cash withdrawal and purchase transactions.
• Dynamic Currency Conversion (DCC) Markup Fee: 1% plus GST will be applicable.
• Goods and Services Tax (GST): Applicable on all mentioned fees & charges.

Rewards & Offers

• Higher EDGE REWARD Points: Earn accelerated EDGE REWARD Points for transactions online or offline:
  • 10X on Travel Bookings.
  • 5X on Electronic Purchase.
  • 3X on Online Food Delivery.
  • 2X on Clothing Stores.
  • Points can be redeemed through the eDGE Rewards catalogue.
  • Note: The Axis Bank EDGE REWARD Points structure on Debit Cards was revised effective 15th June 2022, and terms and conditions will be updated w.e.f. 1st May 2024.
• Dining Delights with EazyDiner: Get 15% off up to ₹500 at EazyDiner.
  • Minimum Order Value: ₹2500.
  • Valid once per card per month.
• Grab Deals Vouchers: Instant discount vouchers available across categories such as Apparel, Accessories, Travel, Homecare, Pharmacy, and dining.

Account & Eligibility Criteria

• Eligibility: All Axis Bank customers holding a savings or salary account are eligible.
• Exclusions: Burgundy and Priority account holders, NRIs, no-frills, and basic savings account holders are not eligible.
• Documentation: No extra documents are required for existing Axis Bank savings or salary account customers.
• Application: You can visit your nearest branch to apply or do it online.

Debit Card Review

The Axis Bank Online Rewards Debit Card is a strong contender for individuals who frequently make online purchases, especially in categories like travel, electronics, food delivery, and clothing, due to its accelerated EDGE REWARD points. The card offers substantial daily transaction limits, making it suitable for high-value purchases and withdrawals. The welcome and anniversary Grab Deals vouchers add tangible value, while comprehensive insurance coverage provides peace of mind. However, users should be aware of the issuance and annual fees, as well as various charges for ATM usage beyond free limits and international transactions, including cross-currency and DCC mark-ups. This card is best suited for existing Axis Bank savings or salary account customers who can leverage its specific reward categories to offset the annual fees.

Important Product Details

• High Daily Limits: Enjoy an enhanced daily cash withdrawal limit of ₹50,000 and a purchase limit of ₹5 lakh.
• Accelerated Rewards: Earn up to 10X EDGE REWARD Points on specific online and offline spending categories.
• Welcome & Milestone Benefits: Receive Grab Deals vouchers worth ₹500 each upon activation and on card anniversary.
• Comprehensive Insurance Coverage: Includes Personal Accident Insurance Cover of ₹5 lakhs, Air Accident Cover of ₹1 crore, Purchase Protection Cover up to ₹50,000 (for consumer durable goods against fire, natural calamities, burglary, and housebreaking up to 90 days from purchase), and Travel Insurance for Lost Baggage or Delay in Baggage and Travel Documents up to 500 USD.
• Dining Offers: 15% off up to ₹500 at EazyDiner.
• International Card: Facilitates transactions worldwide, with easy activation via mobile app or customer care.
• Contactless Payments: Convenient and secure payments up to ₹5,000.
• Card Platform: Available on Visa/Mastercard platforms.
• Fees: Subject to issuance fee (₹500) and annual fee (₹500), along with various ATM and international transaction charges.

Other Details

• Card Upgrade: Existing Axis Bank debit cardholders can upgrade to the Online Rewards Debit Card by logging into Axis Bank Internet Banking/Mobile Banking app and navigating to Debit Card > Debit Card Upgrade.
• PIN Generation: Easily generate your Debit Card PIN anytime through Axis Bank ATM, Phone Banking, Axis Mobile App, or Axis Internet Banking.
• Instant Card Blocking: In case of emergency or suspected misuse, block your card instantly via SMS ‘BLOCKCARD ’ to 5676782 (NR customers to +91 971700002), Emergency Helpline Number +91-22-67987700 or customer service 1860-419-5555, Internet Banking, or Axis Bank Mobile App.
• Instant SMS Alerts: Receive instant SMS alerts for cash withdrawals, balance inquiries, debit/credit alerts, and transaction details.
• Insurance Claim Eligibility: To avail insurance covers, the cardholder must have completed at least one successful POS transaction 90 days prior to the date of the incident.
• Legal Disclaimer: Users are advised not to use the Debit Card or online banking for collecting/effecting/remitting payments directly/indirectly outside India for overseas foreign exchange trading through electronic/internet trading portals, as this may contravene FEMA, 1999 and KYC/AML regulations.
• Terms & Conditions: All benefits and features are subject to the bank's terms and conditions, which are available for review.