Axis Bank Rewards Credit Card

Axis Bank Rewards Credit Card Features and Benefits

Welcome Benefit

• Get 5000 Edge Reward Points on net spend of Rs. 1000 or more inside 30 days of getting the credit card.
• Customers who swap their existing Axis Bank card to the Rewards credit card are not eligible for the welcome benefit.

Membership Benefit

• Enjoy membership bouquets up to Rs. 1000 every card anniversary year. Inside 60 days of getting eligible, cardholders get their membership link through SMS on their mobile number. 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 13^th month before the due date. The membership benefit is not available to those who hoke a lifetime free card.

Milestone Benefits

• Get 1500 Edge Reward Points on spending over Rs. 30000 every card statement cycle. EMI transactions, wallet, rent, and cash withdrawal transactions are not eligible for the milestone benefit.
• Customers who swap their existing Axis Bank card to the Rewards credit card are not eligible for the welcome benefit.
• Cardholders also get a renewal fee waiver on spending Rs. 2 Lakhs or more in the card anniversary year.

Dining Benefits

• Swiggy Offer – Get exclusive 30% off on Swiggy orders by using the AXIS30 coupon code while placing the order. A minimum order value of Rs. 200 is required to be eligible for the offer and you get a maximum discount of Rs. 150. The offer is available twice per month for the cardholder.
• Dining Delights – Avail a 15% discount up to a maximum of Rs. 500 at various partner restaurants across India through the Dining Delights Program. Make sure to notify the restaurant about your Rewards credit card before they generate your bill.

Domestic Lounge Access

• Cardholders get 2 complimentary domestic lounge access every quarter with the Rewards credit card.

Fuel Surcharge Waiver

• Get a 1% fuel surcharge waiver on gas stations across India on transactions between Rs. 400 and Rs. 5000. Cardholders can avail a maximum benefit of Rs. 400 every month.
• There are no reward points earned on fuel payments and the GST levied on the surcharge cannot be refunded through the waiver.

Insurance Benefits

Cardholders get plenty of insurance benefits with their Rewards credit card –

• 1 Lakh Purchase Protection Cover for the cardholder
• USD 300 cover for loss of travel documents and check-in baggage delay
• USD 500 cover for check-in baggage loss
• 1 Lakh credit shield for the cardholder

Reward Points Accrual

• 2 Edge Reward Points on every spend of Rs. 125
• Accelerated 10x Edge reward points on spending every Rs. 125 on departmental and apparel stores. Accelerated reward points are capped at 1008 points per month on spending a maximum Rs. 7000. On spending over Rs. 7000, reward points are earned at the normal rate.
• Spends on utilities, insurance, wallet reloads, rent, fuel, transportation and tolls, government and educational institutions do not earn reward points.
• Reward points are credited automatically to the cardholder’s EDGE account.

Reward Points Redemption

• Cardholders can redeem their EDGE reward points through mobile or net banking on the product catalogue listed on the EDGE platform. A minimum of 300 reward points are needed to make any redemption.
• Cardholders can convert or transfer their EDGE reward points to partner miles or points. 5 RP = 1 Partner Mile
• Cardholders can redeem their reward points through Pay with Points via SMS at both online and offline merchants on eligible transactions. 1 RP = 20 paise and a minimum of 300 reward points are needed to make any redemption of this type.
• Cardholders can redeem their reward points online using mobile or net banking through Online Pay with Point Redemption. 1 RP = 20 paise and a minimum of 300 reward points are needed to make any redemption of this type.

Axis Bank Rewards Credit Card Fees and Charges

The following are some important fees and charges associated with the Rewards credit card –

• The card comes with an annual and renewal fee of Rs. 1000 plus taxes. Cardholders can get a renewal fee waiver on spending Rs. 2 Lakhs or more in the card anniversary year.
• The card has a nominal interest rate of 3.6% per month or 52.86% per annum
• The card has a forex markup fee of 3.5% of the total transaction amount
• The card has a cash withdrawal fee of 2.5% of the total amount withdrawn or Rs. 500, whichever is higher on value

Axis Bank Rewards Credit Card Eligibility Criteria

Here is the eligibility criteria that an individual must pass before applying for the Rewards credit card –

• The applicant must be between 18 years to 70 years old
• The applicant must have a stable income source
• The applicant must be an Indian resident

Documents Required

The applicant must provide a set of required documents when applying for the Rewards credit card. This includes the PAN card, color photograph, ID proof, residence proof, and income proof.

ID Proof – Passport, Aadhar Card, PAN Card, Driving License, Voter ID Card
Residence Proof – Passport, Aadhar Card, Driving License, Voter ID Card
Income Proof – Latest payslips for salaried individuals and audited ITR for self-employed individuals

Conclusion

As the name suggests, the Rewards credit card rewards the cardholder for almost every spend made with the card. It is ideal for those who regularly shop and go out as the card offers accelerated reward points on departmental and apparel stores, along with 15% off at partner restaurants across India through the Dining Delights program.

Moreover, the card comes with a decent annual fee of Rs.1000 plus taxes that can be waived off on spending Rs. 2 Lakhs or more in the anniversary year. Cardholders can also enjoy a nice welcome benefit, monthly spend benefit, and an annual membership benefit. It is the right choice for individuals who want to be rewarded for every swipe of their credit card.