Axis Bank Reserve Credit Card

The Reserve Credit Card in Axis Bank’s existing collection is already considered one of the most prestigious choices. It is aimed at those who spend more and expect additional goodies from all their cards. Introduced in 2018, this is a premium reward & luxury lifestyle card.

This credit card provides many more benefits to its customers than other varieties of cards. This card is for those customers who define themselves as discerning global travellers and consumers of lifestyle experiences.

Rewards and Benefits

1. Rewards Rate:

• 15 Edge Reward Points per ₹200 spent domestically.
• 2X Edge Reward Points on international spending.
• 1.5% effective reward rate on domestic spending.
• 3% effective reward rate on international spending.

2. Reward Redemption:

• Redeem points for vouchers, and products, or convert to airline miles (5:2 ratio).
• A maximum of 5,00,000 points can be converted annually.

Fees and Charges

• Annual Fee: ₹50,000 + GST (Waived on spending ₹35 Lakhs annually)
• Interest Rate: 3% per month (42.5% annually)
• Foreign Currency Mark-up Fee: 1.5% of the transaction amount
• Cash Advance Fee: None
• Fuel Surcharge Waiver: 1% on transactions between ₹400 and ₹4,000 (up to ₹400 per statement cycle)

Product Details

1. 50,000 Edge Reward Points on activation.
2. 15 Edge Reward Points per ₹200 spent domestically; 2X points on international spending.
3. Unlimited access to domestic and international airport lounges with Priority Pass.
4. Complimentary Eazydiner Prime membership with up to 25% off at premium restaurants.
5. Complimentary memberships with ITC Culinaire, Accor Plus, and Club Marriott, offering discounts and exclusive perks.
6. 50 complimentary rounds of golf annually at select courses.
7. Includes ₹2 Lakhs purchase protection and $500 for baggage loss/delay.

Axis Bank Reserve Credit Card Benefits and Features

1. Welcome Bonus: 50,000 Edge Reward Points upon card activation.
2. Rewards Program: Get 15 points for every ₹200 spent within India and twice the points on all international payments.
3. Lounge Access: Free and unlimited access to domestic and international airport lounges that are accompanied by Priority Pass.
4. Dining Privileges: Free Eazydiner Prime subscription for a year that gives up to 25% discount on dining, and buy one get one free voucher for BookMyShow.
5. Hotel Memberships: Loyalty programs include ITC Culiniare with Le Meridien, ITC Accor Plus, and Club Marriott for free nights, discounted rates and privileges.
6. Golf Benefits: Access to 50 free golf games every year at some of the most popular golf courses for most golf enthusiasts.
7. Travel Benefits: Special group rates as well as free third night at Oberoi and Postcard Hotels, medical emergency services anywhere in the world included.
8. Insurance Coverage: Comprehensive insurance, including ₹2 Lakhs for purchase protection and $500 for baggage loss/delay.

Axis Bank Reserve Credit Card Reward Offers

• Domestic Spending: Earn 15 Edge Reward Points per ₹200 spent.
• International Spending: 2X Edge Reward Points on all international transactions.
• Eazydiner Prime Membership: Get the best dining experience for up to 25% off any premium restaurants across the country.
• BookMyShow Offer: BOGO offers on movie and non-movie tickets with the possibility to get up to 500 rupees off for movies and up to 1000 rupees off for anything else.
• Edge Rewards Redemption: The points can be exchanged with vouchers, or exclusive products, or be used to get airline miles with the ratio of five points for every two airline miles.
• Fuel Surcharge Waiver: Exemption of charges of 1% on fuel purchases done by the customers within at least ₹400 up to ₹ 4,000 in a statement cycle.
• Dining Delights Program: Enjoy up to 20% off at thousands of partner restaurants which are more than 4,000.
• Handpicked Experiences: Curated experiences like sailing and unique tours through ExtraOrdinary Weekends.

Travel Benefits Available on Axis Bank Reserve Credit Card

• Airport Lounge Access: Unlimited access to domestic and international airport lounges with Priority Pass membership.
• Global Travel Assistance: Access to global travel and medical assistance services.
• Hotel Privileges: Complimentary memberships with ITC Culinaire, Accor Plus, and Club Marriott for discounts and exclusive offers.
• Oberoi Hotels Discount: 15% off on room-only rates, room with breakfast, and 50% off on suites, or a complimentary third-night stay.
• Postcard Hotels Benefits: 15% off on best available room rates, anytime check-in/check-out, and complimentary lifestyle consultation.
• Golf: 50 complimentary rounds of golf annually at premium golf courses.
• Medical Assistance: Complimentary second medical opinion from top international specialists and global medical assistance.
• Travel Insurance: Comprehensive insurance coverage including ₹2 Lakhs for purchase protection and $500 for baggage loss/delay.

Who Can Apply for the Axis Bank Reserve Credit Card?

• Eligibility Criteria: He/she must be at least 21 and up to 70 years of age should not exceed.
• Income Requirements: The minimum income needed is around ₹40 lakhs per year.
• Credit Score: It is mandatory to have a good to excellent credit score; preferably candidates with a score above 750 are considered.
• Employment Status: The applicants must be engaged in a reputable company or they should have a personal business that has a good source of income.
• Existing Axis Bank Relationship: Extra emphasis is given to the customer base that already has banking relations with Axis Bank as this is shareholders’ money at work.
• Residency: Only Indian citizens/ residents with valid Indian address proof and identity proof.

Documentation Needed for Axis Bank Reserve Credit Card

• Identity Proof: Aadhaar card, Passport, Driver’s License or Voter ID.
• Address Proof: Utility bill, a bank statement, a rental agreement or the current edition of the passport.
• Income Proof: The recent pay slip, Bank statement for 06 months or ITR.
• Photographs: Two to three recent passport-sized photographs.
• Employment Proof: Letter from employer (as a certificate of employment if the candidate is currently employed or is in a current job).
• Credit Check Record/ Report: In order to confirm your creditworthiness (ability of an individual or business organization to repay a loan), you may have submitted recent records regarding the same.
• Any Additional Documents: Business proof eg. registration certificate or partnership deed, among others for self-employed individuals may be required as well

Application Process for Axis Bank Reserve Credit Card

1. Online Application: Visit Axis Bank’s official website or app to apply for the Reserve Credit Card.
2. Fill Application Form: Enter the required details such as personal information, income, and employment status.
3. Submit Documents: Provide proof of identity, address, and income as specified for the Reserve Credit Card.
4. Credit Evaluation: Axis Bank reviews your credit score and financial background specific to the Reserve Card’s premium criteria.
5. Approval Notification: Receive approval or rejection notification within a few business days, based on the evaluation.
6. Receive Card: If approved, the Axis Bank Reserve Credit Card is mailed to your registered address.

FAQs