Axis Bank Rewards Credit Card – Benefits, Fees & Eligibility

Axis Bank Rewards Credit Card

Introduction

The Axis Bank Rewards Credit Card is designed for individuals seeking substantial rewards on their everyday spending. It offers accelerated reward points on various categories, notably 10X EDGE Reward points on spends at departmental and apparel stores. Cardholders can enjoy benefits such as a welcome bonus of 5,000 EDGE Reward points, monthly milestone rewards, and annual membership perks worth ₹1,000. Additionally, the card provides discounts on dining and food delivery, complimentary domestic lounge access, comprehensive insurance coverage, and a fuel surcharge waiver, all for a reasonable joining fee of ₹1,000 plus taxes. This card is a perfect choice for shopping enthusiasts and foodies looking to maximize their reward earnings. The terms and conditions of the card will be updated effective June 20, 2025.

Welcome Benefits

• Enjoy 5,000 EDGE REWARD points on cumulative net spends of ₹1,000 or above within 30 days of card issuance. These points are worth ₹1,000.
• Customers who swap their existing Axis Bank card for the Rewards Credit Card are not eligible for this welcome benefit.

Fees

• Joining Fee: ₹1,000
• Renewal Fee (2nd year onwards): ₹1,000
• Spend-Based Waiver: The annual fee is waived off on annual spends of ₹2,00,000 and above. Rent transactions (MCC 6513) and wallet load transactions (MCC 6540) are not eligible for spends counted towards the annual fee waiver.
• Add-on Card Joining Fee: Nil
• Add-on Card Annual Fee: Nil
• Finance Charges: 3.75% per month (55.55% annual)
• Cash Withdrawal Fee: 2.5% of the cash amount, with a minimum of ₹500.
• Fee for Cash Payment: ₹175
• Card Replacement: Nil
• Duplicate Statement Fee: Waived
• Overdue Penalty or Late Payment Fee:
  • Nil if the outstanding amount is less than ₹500.
  • ₹500 if the outstanding amount is between ₹501 and ₹5,000.
  • ₹750 if the outstanding amount is between ₹5,001 and ₹10,000.
  • ₹1,000 if the outstanding amount is greater than ₹10,001.
  • An additional charge of ₹100 will be levied if the Minimum Amount Due (MAD) payment is not made prior to the Payment Due Date (PDD) for two consecutive billing periods.
• Overlimit Penalty: 2.5% of the over-limit amount, with a minimum of ₹500.
• Charge Slip Retrieval Fee: Waived
• Outstation Cheque Fee: Waived
• Cheque Return or Dishonor Fee or Auto-debit Reversal: 2% of the payment amount, subject to a minimum of ₹500.
• Surcharge on Purchase or Cancellation of Railway Tickets: As prescribed by IRCTC/Indian Railways.
• Fuel Transaction Surcharge: 1% of the transaction amount. This is refunded for fuel transactions between ₹400 and ₹5,000, with a maximum benefit of ₹400 per statement cycle. GST charged on fuel surcharge is non-refundable.
• Foreign Currency Transaction Fee: 3.50% of the transaction value.
• Mobile Alerts for Transactions: Waived
• Balance Enquiry Charges: Waived
• Reward Redemption Fee: No

Rewards

• Reward Points Accrual:
  • Unlimited 2 EDGE REWARD points earned on every ₹125 spent on all categories (Base Rewards).
  • Earn 10X EDGE REWARD points on every ₹125 spent on apparel and departmental stores (includes 2 Base Rewards + 18 Accelerated Rewards).
  • Accelerated reward points are capped at 1,008 points per month on spending a maximum of ₹7,000 in specific categories. On spending over ₹7,000 in these categories, reward points are earned at the normal base rate.
  • Reward points will be credited directly to the customer's EDGE account.
  • Spends on utilities, insurance, wallet reloads, rent, fuel, transportation, tolls, government, and educational institutions do not earn reward points.
• Membership Benefits:
  • Enjoy a bouquet of memberships up to ₹1,000 every anniversary year.
  • Eligible customers will receive the membership link via SMS on their registered mobile number within 60 days of becoming eligible.
  • The benefit is available only after payment of the card renewal fee.
  • The cardholder is notified of the membership benefit by Axis Bank after paying the card’s minimum due amount for the 13th month before the due date.
  • The membership benefit is not available to those who have a lifetime free card.
• Milestone Benefits:
  • Earn 1,500 EDGE REWARD points on net spends of ₹30,000 per statement cycle.
  • EMI transactions, wallet, rent, and cash withdrawal transactions are not eligible for the milestone benefit.
• Dining:
  • Swiggy Discount: Get an instant discount of ₹150 on Swiggy on a minimum transaction value of ₹500. The offer is applicable twice a calendar month per card. Use code "AXISREWARDS" at checkout.
  • Dining Delights: Enjoy exceptional dining experiences at top restaurants across India with the Axis Bank Dining Delights Program, offering a 15% discount up to a maximum of ₹500 at various partner restaurants. Notify the restaurant about your Rewards Credit Card before they generate the bill.
• Lounge Access:
  • Enjoy 2 complimentary domestic airport lounge accesses per quarter at select domestic airports.
  • Lounge access is based on a minimum eligible spend of ₹50,000 in the previous 3 calendar months. For newly issued cards, this criterion is waived for the first three months.
  • No international lounge access is provided with this card.
• Fuel Benefits:
  • Get a 1% fuel surcharge waiver on fuel purchases at all fuel stations across India.
  • Valid on transactions between ₹400 to ₹5,000 only; maximum benefit up to ₹400 per statement cycle.
  • GST charged on fuel surcharge is non-refundable.
  • No reward points are earned on fuel transactions.
• Insurance Benefits:
  • Purchase Protection Cover up to ₹1 lakh.
  • Cover up to USD 300 for delay of check-in baggage and loss of travel documents.
  • Cover up to USD 500 for loss of check-in baggage.
  • Credit Shield of ₹1 lakh.
• Wednesday Delight:
  • Instant savings of up to 15% on flights & hotels via MakeMyTrip every Wednesday.
  • 10% off on orders via Swiggy every Wednesday.
  • 10% off up to ₹1,000 on Tira every Wednesday.
• Golf: No golf benefits are provided with this card.

Rewards Redemption Guide

• Reward points can be redeemed for vouchers, products, and more through the product catalog listed on the EDGE platform via mobile or net banking. A minimum of 300 reward points are needed for any redemption.
• Redemption Value: 1 EDGE Reward Point = ₹0.20.
• Partner Airmiles/Points Transfer: Cardholders can convert or transfer their EDGE Reward points to partner miles or points at a rate of 10 Reward Points = 1 Partner Mile/Point.
• Pay with Points via SMS: Redeem reward points through SMS for online and offline merchants on eligible transactions. 1 Reward Point = 20 paise, with a minimum of 300 reward points required.
• Online Pay with Point Redemption: Redeem reward points online using mobile or net banking. 1 Reward Point = 20 paise, with a minimum of 300 reward points required.

Card Eligibility Criteria

Eligibility Rules

• The primary cardholder should be between 18 to 70 years of age.
• The applicant must be a Resident of India.
• The applicant must have a stable income source.

Documents Required

• PAN card photocopy or Form 60.
• Proof of Income: Latest payslip / Form 16 / IT return copy.
• Residence Proof: Passport / Ration Card / Electricity bill / Landline telephone bill.
• Please note that this list is only indicative, and documents required may vary on a case-to-case basis.

Card Review

The Axis Bank Rewards Credit Card lives up to its name by offering generous rewards on nearly all expenditures. It is an excellent choice for individuals who frequently shop, especially at departmental and apparel stores, thanks to the accelerated 10X EDGE Reward points. Foodies can also benefit from attractive discounts on Swiggy and dining through the Dining Delights program.

Pros

• Best suited for avid shoppers due to the high reward rate, including 2 Edge Reward Points for every ₹125 spent and 10X points on specific categories.
• A substantial welcome benefit of 5,000 Edge Reward Points, worth ₹1,000, is provided within 30 days of card issuance, effectively offsetting the joining fee.
• The annual fee of ₹1,000 plus taxes is easily waivable on annual spends of ₹2 Lakhs or more.
• Includes valuable monthly milestone benefits, annual membership perks, and comprehensive insurance coverage.
• Offers complimentary domestic lounge access, enhancing travel convenience.

Cons

• Does not provide access to international airport lounges.
• No golf benefits are associated with this card.
• Reward points are not earned on certain categories like utilities, insurance, wallet reloads, rent, fuel, transportation, tolls, government, and educational institutions.
• Accelerated rewards on departmental and apparel stores are capped at 1,008 points per month for spends up to ₹7,000.

Overall, the Axis Bank Rewards Credit Card is a solid option for individuals who prioritize earning rewards on everyday purchases, particularly for shopping and dining, and can meet the spend-based waiver criteria.

Important Product Details

• Welcome Benefit: 5,000 EDGE REWARD points (worth ₹1,000) on cumulative net spends of ₹1,000 or more within 30 days of card issuance.
• Base Reward Rate: Unlimited 2 EDGE REWARD points on every ₹125 spent.
• Accelerated Reward Rate: 10X EDGE REWARD points on every ₹125 spent on departmental and apparel stores.
• Accelerated Reward Cap: Accelerated points are capped at 1,008 points per month for spends up to ₹7,000 in specific categories.
• Reward Exclusions: No reward points on utilities, insurance, wallet reloads, rent, fuel, transportation, tolls, government, and educational institutions.
• Annual Membership Benefits: Bouquet of memberships up to ₹1,000 every anniversary year, available after renewal fee payment.
• Milestone Benefit: 1,500 EDGE REWARD points on net spends of ₹30,000 per statement cycle. Excludes EMI, wallet, rent, and cash withdrawal transactions.
• Swiggy Discount: ₹150 instant discount on Swiggy (min transaction ₹500, twice/month, use code AXISREWARDS).
• Dining Delights: 15% discount (up to ₹500) at partner restaurants.
• Domestic Lounge Access: 2 complimentary visits per quarter, contingent on ₹50,000 spend in the previous three months (waived for the first three months for new cards).
• International Lounge Access: Not offered.
• Fuel Surcharge Waiver: 1% waiver on transactions between ₹400 and ₹5,000, up to ₹400 per statement cycle. No reward points on fuel.
• Insurance Coverage: ₹1 Lakh Purchase Protection Cover, USD 300 for baggage delay/loss of travel documents, USD 500 for baggage loss, and ₹1 Lakh Credit Shield.
• Joining Fee: ₹1,000.
• Annual Fee: ₹1,000, waived on annual spends of ₹2,00,000 (excluding rent and wallet transactions).
• Interest Rate: 3.75% per month (55.55% per annum).
• Foreign Currency Markup: 3.5%.
• Reward Redemption Fee: Nil.
• Redemption Value: 1 EDGE Reward Point = ₹0.20.
• Minimum Redemption: 300 reward points required for most redemptions.

Other Details

• The terms and conditions of Axis Bank Rewards Credit Card will be updated effective June 20, 2025.
• Customers who swap their existing Axis Bank card for the Rewards Credit Card are not eligible for the welcome benefit.
• Membership benefits are available only after payment of the card renewal fee and after the cardholder pays the minimum due amount for the 13th month before the due date. This benefit is not available for lifetime free cards.
• For newly issued cards, the minimum spend criteria of ₹50,000 for domestic lounge access is waived for the first three months.
• Milestone benefits do not include EMI, wallet, rent, and cash withdrawal transactions.
• GST charged on fuel surcharge is non-refundable.