Our Money Guide

The Axis Bank REWARDS Credit Card is a good shopping card and has an attractive benefit rate on purchases at department stores and apparel, especially if one achieves the milestone target also. It also provides a range of other lifestyle benefits such as complimentary lounge access, Swiggy offers, and complimentary insurance covers.

Brief Summary

Our Rating
4.0 / 5


Our View :

Best for those who like the flexibility of shopping online as well as face-to-face – since it gives 3.20% benefit rate on department stores & apparel purchases (both online as well as face to face). Though the monthly spend limit to earn this special 3.20% benefit is not very high – ₹7,000.

Pure online shopping cards can give you a better benefit rate on your shopping purchases, but if you want the flexibility of earning rewards on your offline/in-store purchases also , then this card is a good choice.

The annual card spend target to get annual fee waived off (from 2nd year onwards) is on the higher side – ₹2 lakhs. The 1st year annual fee is covered by welcome offer worth ₹1,000.

Axis Bank REWARDS Credit Card

on Axis Bank website

Axis Bank REWARDS Credit Card

Special Benefits

3.20% benefit on department store & apparel purchases

Other Benefits

Complimentary visits to airport lounges in India

Minimum Income

Not specified

Annual Fee

₹ 1000

Annual Fee Offers

Welcome offer worth ₹1000

Renewal offer – Renewal fee waived at ₹2,00,000 annual card spend

Axis Bank REWARDS Credit Card : Summary Table

10X Benefits : 3.20% special benefit on apparel & department store purchases You earn 16 EDGE REWARD Points worth ₹3.20 , on every ₹100 you spend at department stores and on apparel purchases. Since 1 reward point = ₹0.20 (20 paise), when you redeem points on Axis Bank’s reward redemption platform.

This special reward point earning rate is given only on purchases upto ₹7,000 per month in this category.
X Benefits : 0.32% basic benefit on all other card spendsYou earn 1.60 EDGE Reward points worth ₹0.32 (32 paise), on every ₹100 you  spend on all other purchases.

Exceptions : No reward points are earned on below spends –
– Fuel
– Rent
– Utilities
– Government institutions
– Insurance
– Wallet
– Educational institutions
– Transportation & tolls
Milestone benefits – upto 1%You earn a bonus of 1500 EDGE REWARD Points worth ₹300 , when you spend ₹30,000 or more during your monthly card billing cycle.
Complimentary visits to airport lounges in India – upto 2 times per quarterYou get 2 domestic lounge access per quarter. For details, click here and see Participating Lounges for set A.
1% fuel surcharge waiverYou get 1% fuel surcharge waiver at all fuel stations across India –
– Only on fuel transactions between ₹400 and ₹5,000 AND
– Only on upto ₹40,000 fuel spend per month, since the maximum waiver is capped at ₹400 per monthly card statement cycle.
Upto 30% discount on Swiggy – 2 times per month– You can avail this discount 2 times in a month
– You get 30% discount on Swiggy, upto ₹150 discount per order.
– To avail this discount, a minimum transaction value of ₹200 is required.
– Hence you get a 30% discount , on Swiggy orders between ₹200 and ₹500. On orders above ₹500, your discount% will fall below 30% since the maximum discount is restricted to ₹150.

You can avail the above offer 2 times per month.
Dining benefits (Dining Delights program) :
– 15% discount at restaurants, in partnership with EazyDiner
You get a 15% discount up to ₹500 , at over 4,000 restaurants nationwide. Minimum order amount of ₹2,500.

Hence you get a 15% discount on orders between ₹2,500 and ₹3,333. On orders above ₹3,333, your discount% will be below 15% since maximum discount is fixed at ₹500.

This offer can be redeemed once every month.
Exclusive deals on Axis Grabdeals platformAxis Grabdeals is a platform where Axis Bank presents its exclusive tieups with a large variety of partners. There are more than 50 exclusive deals available on Axis Grabdeals – from large online stores, fashion, groceries, travel etc. 

For details, please visit click here – Axis Grabdeals Platform
Complimentary insurance benefitsYou enjoy various complimentary insurance benefits – 
– ₹1 lakh purchase protection cover
– US$ 300 coverage for loss of travel documents and check-in baggage delay 
– US$ 500 coverage for check-in baggage loss
– ₹1 lakh credit shield cover
₹1,000 annual feeAnnual fee offers – 
Welcome offer : You receive 5000 EDGE REWARD Points worth ₹1000,  if you spend a total of ₹1000 or more within 30 days of card issuance.
Renewal fee offer : Annual fee is not charged from the second year onwards, if you spend ₹2,00,000 or more in the previous year.

Pros & Cons

Benefits of using the Axis Bank REWARDS Credit Card

  • Attractive benefit rate on offline shopping also – at department stores and on apparel purchases. Since many cards in the marketplace give high rewards only on online shopping.
  • 1st year annual fee covered by welcome benefits
  • Complimentary lounge access and Swiggy benefits

Limitations and drawbacks to consider

  • High benefit rate at department stores and on apparel purchases restricted to monthly spend of ₹7,000 only
  • High annual spending target to receive annual fee waiver, from second year onwards

Full Review of the Axis Bank REWARDS Credit Card

Axis Bank REWARDS Credit Card

Features & Benefits of Axis Bank REWARDS Credit Card

3.20% special benefit on apparel & department store purchases (10X)

➤ Earning special rewards : You earn 20 EDGE REWARD Points, on every ₹125 you spend in this category = 16 EDGE Reward Points, on every ₹100 you spend = ₹3.20, on every ₹100 you spend (since 1 EDGE REWARD Point = ₹0.20 or 20 paise).

➤ Redeeming rewards : You can redeem EDGE reward points on Axis Bank EDGE Rewards platform for a range of exciting offers, including gift vouchers, products, and more. You can access the Axis Bank EDGE Rewards platform through the Axis Bank EDGE Rewards Portal, mobile app, or Internet banking.

Customers can also redeem their EDGE REWARD points by ‘Pay with Points via SMS’, and ‘Online Pay with Points Redemption’ – which can be used for eligible transactions at various online and offline merchants.

1 EDGE REWARD Point = ₹0.20 or 20 paise. Click here for details.

Another option is to convert EDGE REWARD points into Partner Points at airline & hotel loyalty programs. 5 EDGE REWARD points = 1 partner point (at Vistara, SpiceJet, Airasia & ITC loyalty programs). 10 EDGE REWARD points = 1 partner point (at various other loyalty programs). For details, please click here and refer to the column under Select & Privilege Credit Card.

➤ Limits on special benefits : Special benefit in this category (apparel & department store purchases) is capped at 1008 reward points per monthly card statement cycle = purchases of ₹7,000 in this category per monthly card statement cycle. After the first ₹7,000 spent in this category during the month, you will earn basic benefit rate of 2 EDGE REWARD Points worth ₹0.40 , on every ₹125 additional purchases during the month.

➤ Other important information: Reward points are valid for 3 years. There is no fee for redeeming less than 300 EDGE REWARD points. A fee of ₹49 will be charged if you redeem between 300 and 10,000 points, and a fee of ₹99 will be charged for points redemption greater than 10,000 points.

0.32% basic benefit on all other spends (X)

➤ Earning rewards: You earn 2 EDGE REWARD Points, on every ₹125 you spend on all other purchases = 1.60 EDGE Reward Points, on every ₹100 you spend = ₹0.32 (32 paise), on every ₹100 you spend. Since 1 EDGE REWARD Point = ₹0.20 or 20 paise

➤ Restrictions on basic benefits: There is no cap in this category, however no EDGE Rewards will be earned for the following spends/transactions on the card –
– Fuel
– Rent
– Utilities
– Government institutions
– Insurance
– Wallet
– Educational institutions
– Transportation & tolls

➤ Redeeming reward points and other important information: same as explained in the above section.

Upto 1% milestone benefit

➤ Earning rewards : You earn 1500 EDGE REWARD Points worth ₹300 , by spending ₹30,000 or more during your monthly card bill cycle. (since 1 reward point = ₹0.20 or 20 paise).

➤ Restrictions on special benefits : Eligible spends shall exclude –
– Any refunds/ reversals of purchases done
– EMI conversions
– Insurance transactions
– Wallet-loading transactions
– Rental payments and rental brokerage
– Cash withdrawal on card
Full full details, and terms and conditions, please click here , and refer to point number 7.

Complimentary visits to airport lounges in India – upto 2 times per quarter

You get 2 complimentary domestic airport lounge visits per quarter.

For details, please click here and see Participating Lounges for set A.

Upto 30% discount on Swiggy – 2 times per month

➤ Earning benefits : You get 30% discount on Swiggy, upto ₹150 discount per order. To avail this discount, a minimum transaction value of ₹200 is required. Hence you shall get a 30% discount , on Swiggy orders between ₹200 and ₹500. On orders above ₹500, your discount% will fall below 30% since the maximum discount is capped at ₹150.

➤ Limits on Swiggy instant discount : The offer is applicable twice per calendar month, and will be renewed every month without carryover from one month to the next. For example, even if a customer avails the offer once in a calendar month, they will be eligible to avail the offer only twice in the following month.

➤ Redeeming benefits : To avail of this offer, use the code <AXIS30> while placing your order..

➤ Other important information : For detailed terms and conditions, please click here.

Dining Benefits – Dining Delights Program

Participating restaurant partners : Dining Delights is an exclusive program for Axis Bank Credit and Debit Cardholders in partnership with EazyDiner, a popular online restaurant reservation platform.This program offers customers exciting discounts and offers at top restaurants across India. For a list of participating restaurants and more information, please visit here.

Discounts and offers : You can avail of a 15% discount at participating restaurants in India by making a transaction between ₹2500 to ₹3333 – since the maximum discount is capped at ₹500 and minimum order amount is ₹2500. 
On orders above ₹3,333, your discount% will be below 15% since maximum discount is fixed at ₹500. For example if your order amount is ₹5000, you will get the maximum discount of ₹500 and your discount% will fall to 10%.

Important terms & conditions
– 15% discount on dining spends upto ₹3,333 (since maximum discount is ₹500) 
– Minimum order value – ₹2500 
– Valid once per month
– Offer valid till 30th June 2024
– Offer applicable on booking via the Axis Bank Dining Delights Program on EazyDiner 
– Escalations: ED Concierge Board Number & email ID : Phone No.7861004444 Email: booking@eazydiner.com

Other Cardholder Benefits

1% fuel surcharge waiverApplicable fuel stations and brands : A fuel surcharge is applicable at all petrol stations.
Restrictions on waiver benefits :
– Only on fuel transactions between ₹400 and ₹5,000 AND
– Only on upto ₹40,000 fuel spend per month, since the maximum waiver is capped at ₹400 per monthly card statement cycle

No reward points are earned on fuel spends
Membership benefitsEarning benefits : Customers will receive a membership bouquet worth up to ₹1000 per anniversary year, where the anniversary year is calculated as the card issuance date plus 365 days and subsequent multiples.
Redeeming benefits: The membership link will be sent via SMS to the registered mobile number of eligible customers within 60 days. 
Other important information: For detailed terms and conditions, please click here.
Complimentary insurance benefitsYou enjoy various complimentary insurance benefits – 
– ₹1 lakh purchase protection cover
– US$ 300 coverage for loss of travel documents and check-in baggage delay 
– US$ 500 coverage for check-in baggage loss
– ₹1 lakh credit shield cover
Easy EMI conversions– Customers can convert their credit card purchases of ₹2,500 or more into easy EMIs.
– The program offers the convenience of paying back in parts rather than the entire amount upfront.
24/7 customer supportPlease click here for all the options to contact the bank for various issues and escalations
Security featuresChip and PIN technology – security for offline transactions : In the past, credit cards typically used a magnetic stripe located on the back of the card to store and transact data. However, the latest generation of credit cards includes a CHIP and PIN feature, which provides enhanced security. Only you know your PIN, so even your card is lost it is unlikely to be misused since BOTH the physical card and the PIN is required to spend on the card

Two-factor authentication – security for online transactions : When making an online transaction, you approve your online transaction through using a One-time Password (OTP) which you get on your mobile phone . Since only you know the OTP, the card is unlikely to be misused unless someone has access to BOTH your card details AND your mobile phone. This ensures a safe online purchase experience.

SMS alerts and notifications – for both offline and online transactions : For your peace of mind, you get free SMS alerts and notifications for all your credit card transactions. Hence you will know about all transactions on your card. In the unlikely scenario of your card being misused, you would still get these alerts and notifications – which will help you to immediately block your credit card.
Contactless payment– Look for the contactless network symbol on your card to determine if your credit card is contactless.
– In India, contactless payments are allowed for a maximum of ₹5000 for a single transaction without requiring a Credit Card PIN. For transactions equal to or higher than ₹5000, the cardholder must input their Credit Card PIN for security reasons.

Important Card Fees and Charges

Annual fee and annual fee offers

Annual feeAnnual fee offers
1st year joining fee₹1,000Welcome offer worth ₹1000 : You earn 5000 EDGE REWARD Points worth ₹1000 , by spending a total of ₹1000 or more within 30 days of card issuance.
Renewal fee from 2nd year onwards₹1,000Renewal fee offer : Renewal fee is not charged from the second year onwards , if you spend ₹2,00,000 or more in the previous year.
– Rent transactions and wallet load transactions will not be eligible for spends counted towards availing annual fee waiver

Hence, the card is virtually free if you spend ₹2,00,000 or more annually.

Late payment fee

Late payment fees depends on the total payment due

Total bill amount dueLate payment charges
Less than ₹500None
Between ₹501 – ₹5000₹500
Between ₹5,001 – ₹10,000₹750
More than ₹10,001₹1,000

Foreign currency mark-up fee
3.50% of the transaction amount. This fee is charged when you use your card outside India.

Finance charges
3.60% per month

Important Note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – Axis REWARDS Credit Card Fees & Charges

Eligibility Criteria

Minimum age18 years
Maximum age70 years
Occupation Salaried, self-employed
Minimum income requirementsNot specified
Credit scoreNot specified , preferably above 750

Application Process

Step-by-step guide to applying for the card

Online application processThe easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the Axis Bank website. You can also visit official website of the bank and fill out the application form.

Steps :
– The bank’s website and mobile app offer a user-friendly interface that makes the application process quick and easy
– To apply, simply provide your personal details such as your mobile phone number, income, PAN number, along with the required documents 
– Review your application and click submit.
Await confirmation from Axis Bank regarding the status of your application.
Offline (face to face)  application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Approval timeline and processThe credit card decision would be communicated within 21 working days, in most cases. In certain cases, it could take longer especially if the bank would want more information and/or documents from you

Please click here to track the status of your Axis Bank Credit Card application.

Necessary documents and verification

Required documents 
– PAN card photocopy or Form 60
– Colour photograph
– Income proof : Latest payslip/Form 16/IT return copy 
– Residence proof (any one of the following) : Passport , Ration Card, Electricity bill, Landline telephone bill
– Identity proof (any one of the following) : Passport, Driving license, PAN card, Aadhaar card

Please note that this list is only indicative. Documents required may vary on a case-to-case basis.

Conclusion

In conclusion, the Axis Bank REWARDS Credit Card is a good shopping card and has an attractive benefit rate on purchases at department stores and apparel, especially if one achieves the milestone target also. This is especially useful for those who like to shop offline since many other cards in the marketplace offer a high benefit rate only on online shopping. The card also provides a range of other lifestyle benefits such as complimentary lounge access, Swiggy offers, and complimentary insurance covers.

However, the annual spending target to receive annual fee waiver from second year onwards is relatively high for an entry level card, especially since the special benefits at department stores and apparel purchases is restricted to 7,000 spend per month. Also, frequent travellers would need to look for good travel cards since this card does not offer attractive benefits on travel spends.

Apply Now

on Axis Bank website

Frequently Asked Questions

Are there any limitations on redeeming the Axis Bank EDGE REWARD Points?

EDGE REWARD Points earned on the Axis REWARDS Credit Card may expire, so it’s important to check the validity of your points. The redemption options may also be subject to availability and terms and conditions.

How does the Axis REWARDS Credit Card’s rewards program work?

The Axis Bank REWARDS Credit Card rewards program allows you to earn EDGE REWARD Points on your everyday purchases. These points can be accumulated and later redeemed for various options such as merchandise, travel bookings, gift vouchers, and more.

Is the Axis REWARDS Credit Card equipped with contactless payment technology?

Yes, the Axis REWARDS Credit Card is contactless-enabled, allowing you to make quick and secure payments by simply tapping the card at enabled terminals. This feature enhances convenience and speeds up transactions.

Can I convert high-value purchases into easy monthly instalments?

Yes, the Axis REWARDS Credit Card offers the option to convert high-value purchases into convenient monthly instalments with attractive interest rates. This feature provides flexibility in managing expenses and helps you budget effectively.

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