By: OurMoneyGuide || Last updated on: May 9, 2024

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

Brief Summary

Our Rating

3.75 / 5

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, but the card comes with lifestyle offers such as complimentary lounge access, Swiggy offers and complimentary insurance benefits. The 1st year annual fee is covered by welcome offer worth ₹1,000.

Pros & Cons of Axis Bank REWARDS Credit Card

Pros

  • 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.
  • Complimentary lounge access and Swiggy benefits

Cons

  • High benefit rate at department stores and on apparel purchases restricted to monthly spend of ₹7000 only
  • Frequent travellers would need to look for good travel cards since this card does not offer attractive benefits on travel spends

Features & Benefits of the Axis Bank REWARDS Credit Card

3.20% benefit on apparel & department store purchases (10X) – on purchases upto ₹7000 per month

You earn 20 EDGE reward points worth ₹4, on every ₹125 you spend in these categories (meaning 16 EDGE reward points worth ₹3.20, on every ₹100 spent – 3.20% benefit).

This benefit is applicable on total combined purchases upto ₹7000 per month in these categories, since you can earn a maximum of 1008 accelerated reward points per monthly card statement cycle.

1 EDGE reward point = ₹0.20 or 20 paise. You can redeem EDGE reward points on Axis Bank EDGE Rewards platform for a range of 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. Click here for more details.

Another option is to convert EDGE REWARD points into partner points at airline & hotel partners.
– 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 for latest details, and refer to the column under Select & Privilege Credit Card.

Reward points are valid for 3 years.

0.32% basic benefit on all other card spends (X)

You earn 2 EDGE reward points worth ₹0.40/40 paise, on every ₹125 you spend on all other card purchases (meaning 1.6 EDGE reward points worth ₹0.32/32 paise, on every ₹100 spent – 0.32% benefit).

Exceptions : No reward points are given on the following spends – fuel, rent, utilities, government institutions, insurance, wallet, educational institutions, transportation & tolls.

For full list of terms and conditions, please click here.

Upto 1% additional benefit (monthly milestone benefit)

You earn 1500 EDGE reward points worth ₹300, on spending ₹30,000 or more during your monthly card bill cycle. (since 1 reward point = ₹0.20 or 20 paise).

The following spends are not counted as eligible spends for this benefit – 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 – 2 times per quarter

You get 2 free visits per quarter, to domestic airport lounges.

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

30% discount (upto ₹150) at Swiggy – 2 times per month

You get 30% discount (upto ₹150 discount per order) at Swiggy. 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 percentage will fall below 30% since the maximum discount is capped at ₹150.

The offer is applicable twice per calendar month. To avail of this offer, use the code while placing your order..

For detailed terms and conditions, please click here.

Dining offers in partnership with EazyDiner (Dining Delights Program) : 15% discount (upto ₹500) once a month, at participating restaurants

This program is offered by Axis Bank, in partnership with EazyDiner. You get a 15% discount up to ₹500 on your restaurant orders, at over 4000 restaurants nationwide. For a list of participating restaurants and more information, please visit here. Minimum order amount required is ₹2500. 

Hence you get a 15% discount on orders between ₹2500 and ₹3333. On orders above ₹3333, your discount percentage falls below 15% since the maximum discount is fixed at ₹500. For example, if your order amount is ₹5000, you will get a maximum discount of ₹500 and your discount percentage would be 10%. And if your order amount is ₹1800, you get no discount since the minimum order value to avail the discount is ₹2500.

This offer can be redeemed once every month.

Complimentary insurance benefits

You 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

Membership benefits, upto ₹1000 per year

Customers will receive a membership bouquet worth up to ₹1000 each year.

The membership link will be sent via SMS to the registered mobile number of eligible customers within 60 days. For detailed terms and conditions, please click here.

Fuel surcharge waiver, upto ₹400 per month

You get a 1% fuel surcharge waiver, only on fuel transactions between ₹400 and ₹5000. And on fuel purchases upto ₹40,000 per month, since the maximum waiver amount is restricted to ₹400 per monthly card statement cycle.

Axis Bank 24/7 customer care

Please click here for all the options to contact the bank for various issues and escalations.

Axis Bank REWARDS Credit Card Fees and Charges

Annual fee and annual fee offers

Annual fee
Annual fee offers
1st year joining fee₹1,000Welcome offer : You earn 5000 EDGE reward points worth ₹1000 , on 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 lakhs or more in the previous year.
– Rent transactions and wallet load transactions will not be counted as eligible spends towards availing this annual fee waiver

Hence, the card is virtually free if you spend ₹2 lakhs 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₹1200

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
Minimum income requirementsNot specified. Should be resident of India
Credit scoreNot specified , preferably above 750

Application Process

Step-by-step guide

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.

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.

Tracking your credit card application status

Application trackingYou can track the status of your application through the CC Tracker. You can see this on the Home page OR use the search bar & simply type in CC Tracker or Application Tracker.

Steps :
1. Enter the application ID number (that you would have received at the time of applying for a card) & mobile number OR enter PAN number & mobile number (in case you do not remember your application ID number)
2. Next, enter the CAPTCHA, and then click on the Track button to check the status of your Card application.

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. 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, especially since special benefits at department stores and apparel purchases are restricted to ₹7000 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.