Axis Bank SELECT Credit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank SELECT Credit Card, issued by Axis Bank, is positioned as a popular sub-premium lifestyle credit card. It offers a wide array of benefits across various categories including travel, shopping, dining, movies, and golf. Key differentiating benefits include complimentary domestic and international airport lounge access, accelerated reward points on retail shopping, and exclusive discounts on popular platforms like Swiggy and BigBasket.

Welcome Benefits

• Get 10,000 EDGE Reward Points worth ₹2,000 on your first card transaction.
• The first transaction must be made within 30 days of card issuance.
• These points are credited to your EDGE Rewards account within T+15 business days (where "T" is the transaction date).
• This welcome benefit is not applicable for lifetime free credit card holders or Axis Burgundy account holders.
• The points are awarded only upon the realization of the joining fee.

Fees

• Joining Fee: ₹3,000 + GST (Nil for Burgundy account holders).
• Annual Fee: ₹3,000 + GST (from the second year onwards, Nil for Burgundy account holders).
• Spend-Based Waiver: The annual fee is waived on spends of ₹8 lakh or more in a card anniversary year.
• Rewards Redemption Fee: ₹99.
• Foreign Currency Markup: 3.5% of the transaction value.
• Interest Rates (Finance Charges): 3.75% per month (55.55% annually) for retail purchases and cash.
• Fuel Surcharge Waiver: 1% waiver for fuel transactions between ₹400 and ₹4,000. Maximum waiver of ₹400 per statement cycle. Service tax charged on fuel surcharge is non-refundable.
• Cash Advance Charges: 2.5% of the cash amount, with a minimum of ₹500.
• Cash Payment Fee: ₹175.
• Add-on Card Joining Fee: Nil.
• Add-on Card Annual Fee: Nil.
• Card Replacement Fee: Nil.
• Duplicate Statement Fee: Waived.
• Overdue Penalty or Late Payment Fee:
  • Nil if Total Payment Due is up to ₹500.
  • ₹500 if total payment due is between ₹501 - ₹5,000.
  • ₹750 if total payment due is between ₹5,001 - ₹10,000.
  • ₹1,200 if total payment due is greater than ₹10,000.
  • An additional ₹100 is charged for missing payment of Minimum Amount Due (MAD) by the due date for two consecutive cycles, continuing until MAD is cleared.
• Over Limit Penalty: 2.5% of the overlimit amount, with a minimum of ₹500.
• Chargeslip Retrieval Fee or Copy Request 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.
• Rent Surcharge Fee: 1% of the rental transaction amount plus taxes (effective from 20-12-24). Rent transactions are identified through Merchant Category Code 6513.
• Dynamic Currency Conversion (DCC) Markup Fee: 1.5% of each international transaction performed in Indian currency at an international location, or transactions performed in Indian currency with merchants located in India but registered in a foreign nation (effective from 20-12-24). Not applicable on Burgundy Private Credit Card.
• Mobile Alerts for Transactions: Waived.
• Hotlisting Charges: Waived.
• Balance Enquiry Charges: Waived.
• Wallet Load Transaction Fee: 1% fee on cumulative spends of ₹10,000 or more on wallet loads per statement cycle.
• Fuel Transaction Fee: 1% fee on cumulative spends of ₹50,000 or more on fuel transactions per statement cycle.
• Education Transaction Fee: 1% fee on education payments made via third-party apps.
• Utility Transaction Fee: 1% fee on cumulative spends of ₹25,000 or more on utilities per statement cycle.
• Online Skill-Based Gaming Transaction Fee: 1% fee on cumulative spends of ₹10,000 or more on online skill-based gaming platforms in a statement cycle.
• GST is applicable on all fees, interest, and other charges as notified by the Government of India.
• If Burgundy status is discontinued, an annual fee of ₹3,000 + GST will be applicable.

Rewards

• Reward Earning Rate:
  • Earn 20 EDGE Points per ₹200 on retail shopping spends up to a cumulative total of ₹20,000 per month (approximately 2% reward rate).
  • Earn 10 EDGE Points per ₹200 on all other spends after reaching the ₹20,000 monthly retail shopping threshold (approximately 1% reward rate).
  • Retail shopping includes spends across Department Stores, Grocery Stores, Clothing and Accessory Stores, Women's Wear Stores, Children's Wear Stores, Family Clothing Stores, and Miscellaneous Apparel and Accessory Stores.
  • No EDGE Reward Points are earned on fuel, insurance, gold/jewellery, government services, education, utilities & telecom, rent, and wallet spends.
  • EDGE Reward Points will be debited for credit card transactions converted to EMI; points are not credited back if the EMI transaction is cancelled.
• Movie & Dining Benefits:
  • Enjoy a 100% discount on your second movie ticket (Buy One Get One offer) when booked through the District app using your Select credit card. This offer is valid for up to ₹250 off, twice per month, on a minimum purchase of two movie tickets. Use code "AXISSELECT". This offer is valid from June 20, 2025.
  • Flat ₹200 off on Swiggy orders, valid twice a month on a minimum transaction of ₹1,000 per order. Use coupon code “AXIS200”.
  • Up to 25% discount, up to ₹800, on dining transactions at partner restaurants with Axis Bank Dining Delights when paying via Select Credit Card.
• Shopping Benefits:
  • Flat ₹500 off per month on a minimum purchase of ₹2,500 on the BigBasket mobile app and website. This offer is applicable once per month per user and can save up to ₹6,000 in a year. Use code “AXISSELECTCC”.
• Travel Benefits:
  • 12 complimentary international airport lounge accesses annually with Priority Pass membership.
  • 2 complimentary domestic airport lounge accesses every quarter. Eligibility requires spending ₹50,000 or more in the previous three months.
• Golf Benefits:
  • Get 6 complimentary golf rounds every year.
  • Unlock an additional 6 complimentary golf rounds within the same anniversary year on achieving annual spends of ₹3 lakh.
• Insurance Benefits:
  • Purchase Protection cover worth up to ₹1 lakh.
  • Cumulative insurance cover up to USD 500 for loss of travel documents.
  • Cumulative insurance cover up to USD 500 for delay/loss of check-in baggage.
• Milestone Benefits:
  • Earn 5,000 bonus EDGE Points on a minimum annual expenditure of ₹3 lakh in a card anniversary year.
  • Complete annual fee waiver on spending ₹8 lakh in a card anniversary year.
  • Auto-renewal of the complimentary Priority Pass membership on a minimum annual expenditure of ₹3 lakh in the preceding card anniversary year.
  • Spends threshold for 5,000 EDGE points and Annual fee waiver will exclude Insurance, rent, fuel, educational services, utilities & telecom, government services, wallet & Gold.
• Wednesday Delight:
  • Instant savings of up to 15% on flights & hotels via MakeMyTrip.
  • 10% off on orders via Swiggy.
  • 10% off up to ₹1,000 on Tira.
• Extraordinary Weekends:
  • Explore curated experiences designed exclusively for premium customers.

Rewards Redemption Guide

• Value: 1 EDGE Point = ₹0.20.
• Redemption Options: EDGE Points can be redeemed against shopping/travel vouchers or for purchasing products from the EDGE Rewards portal.
• Partner Transfers: You can transfer EDGE Reward Points to partner airline/hotel loyalty programs.
  • Ratio 5:1: For ITC, SpiceJet, and AirAsia.
  • Ratio 10:1: For all other partners.
• Annual Cap: The total number of reward points you can convert in a calendar year is capped at 500,000 RPs for a single Customer ID.
• Linking Customer ID: Only one Customer ID can be linked to a partner program loyalty membership at a given time. To link another ID, the existing primary ID must first be deleted.
• Airline and Hotel Loyalty Partners:
  • Group A (1 Lakh EDGE Reward Per Year): Aeroplan, The British Airways Club, Ethiopian Airlines, Etihad Guest, Finnair Plus, JAL Mileage Bank, Singapore Airlines (Krisflyer), Royal Orchid Plus, Turkish Airlines, United MileagePlus, Lotusmiles (Vietnam Airlines), Wyndham Rewards.
  • Group B (4 Lakh EDGE Reward Per Year): Air Asia, Flying Blue, Air India (Maharaja Club), IHG One Rewards, ITC, Orchid Rewards, The Postcard Sunshine Club, Qantas Frequent Flyer, Radisson Rewards, SpiceJet.

Card Eligibility Criteria

• Age: The primary cardholder must be between 18 and 70 years of age.
• Residency: Must be a resident of India.
• Income: The net annual income of the applicant must be ₹6 lakhs or more.
• Documents Required:
  • PAN Card photocopy.
  • Proof of income (Latest payslip / Form 16 / IT Return).
  • Residence proof (Driving License / Electricity Bill / Landline Telephone Bill).
  • The above lists are indicative, and documents required may vary on a case-to-case basis.

Card Review

The Axis Bank SELECT Credit Card is a versatile lifestyle credit card offering benefits across almost all spending categories. It provides discounts on dining, complimentary access to domestic and international airport lounges, and comprehensive insurance benefits. While it carries a high joining fee of ₹3,000 plus taxes, and the welcome benefit of ₹2,000 worth of EDGE Reward Points is less than the joining fee, the card is well-suited for individuals who can maintain a monthly spending of around ₹20,000. At this spending level, cardholders can maximize the 20 EDGE Reward Points per ₹200 spent. It is ideal for those seeking a modest rewards rate combined with excellent lifestyle privileges.

Important Product Details

• Earn 20 EDGE Points/₹200 on retail spends up to ₹20,000 cumulatively per month, and 10 EDGE Points/₹200 thereafter.
• Flat ₹500 discount on a minimum purchase of ₹2,500 on the BigBasket mobile app and website, once a month.
• Flat ₹200 discount on Swiggy orders twice a month on a minimum transaction of ₹1,000.
• 12 complimentary international airport lounge accesses annually with Priority Pass membership.
• 2 complimentary domestic lounge visits every quarter, subject to spending ₹50,000 in the previous three months.
• Bonus 5,000 EDGE Points on spending ₹3 lakh in an anniversary year.
• Renewal fee waiver on spending ₹8 lakh in an anniversary year.
• 6 complimentary golf rounds every year, with 6 additional rounds on annual expenditure of ₹3 lakh.
• Complimentary Priority Pass membership is included.
• No reward points are earned on fuel transactions.

Other Details

• Credit Limit: The credit limit is generally higher than ₹2 lakhs but may vary for different cardholders based on credit history, payment behavior, and income. Cardholders can request a higher credit limit by contacting customer care or visiting a branch.
• Card Activation & PIN Generation:
  • Via Internet Banking: Log in, go to 'My Credit Card', then 'More Services', and 'Credit card PIN'.
  • Via Customer Care: Contact customer care, provide details, verify with OTP, and generate PIN.
  • Via Mobile Banking App: Register on the app and look for the credit card PIN generation option.
  • Via ATM: Visit an ATM and select the option to generate a credit card PIN from the main menu.
• Blocking Card: In case of theft or loss, contact Axis Bank Credit Card customer care immediately for zero liability protection.
• Convert Purchases into EMIs: Purchases can be converted into EMIs via customer care or internet banking.
• E-statement: E-statements are sent to the registered email ID every month automatically, no separate request is needed.
• Terms & Conditions Update: The Terms & Conditions of Axis Bank Select Credit Card will be updated effective June 20, 2025.