Axis Bank Rewards Credit Card – Check Eligibility, Fees & Charges

The Axis Bank Rewards Credit Card epitomises a blend of practicality and luxury, catering to discerning consumers looking to maximise their spending potential with every swipe. Launched with a competitive edge, this card offers a straightforward fee structure, including a nominal joining fee of Rs. 1,000 plus GST and an annual renewal fee of Rs. 1,000 plus GST. 

Its appeal is further amplified by a generous welcome offer of 5,000 EDGE reward points, awarded upon spending just Rs. 1,000 within the first 30 days of activation—an enticing proposition that effectively nullifies the joining fee. 

As Axis Bank Credit Cars continues to innovate and refine its offerings, this card remains a hallmark of reliability and value, empowering individuals to indulge in their passions while reaping substantial rewards along the way.

Fees and Charges

Fee Type	Details
Joining Fee	Rs. 1,000 + GST
Annual Renewal Fee	Rs. 1,000 + GST (waived on spending Rs. 2 Lakhs+ annually)
Fuel Surcharge Waiver	1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000, up to Rs. 400 per month.
Foreign Currency Transaction Fee	3.5% of the transaction amount
Cash Withdrawal Fee	2.5% of the amount withdrawn or Rs. 250 per transaction, whichever is higher
Late Payment Fee	Rs. 300 to Rs. 600, depending on the outstanding balance
Overlimit Fee	3% of the over-limit amount, subject to a minimum of Rs. 500

Rewards and Benefits:

Joining Fee	Earn 2 EDGE reward points for every Rs. 125 spent.
Accelerated Rewards	Get 10X EDGE points on departmental and apparel store spending, capped at 1,008 points/month.
Welcome Benefits	Receive 5,000 EDGE points on spending Rs. 1,000 within 30 days of card activation.
Dining and Shopping	Enjoy 30% off on Swiggy orders and 15% discount at partner restaurants.
Lounge Access	Receive 2 complimentary domestic lounge visits per quarter.
Insurance Cover	Includes Rs. 1 Lakh purchase protection and travel document loss coverage.

Product Details

• Rs. 1,000 + GST, with an annual renewal fee of the same amount, waived on spending Rs. 2 Lakhs or more annually.
• Earn 2 EDGE reward points for every Rs. 125 spent.
• Accelerated 10X points on departmental and apparel store spending, capped at 1,008 points per month.
• Receive 5,000 EDGE reward points on spending Rs. 1,000 within 30 days of card activation, effectively covering the joining fee.
• Enjoy 30% off on Swiggy orders using the “AXIS30” coupon code twice per month.
• Avail a 15% discount at partner restaurants through the Dining Delights program.
• 2 complimentary domestic airport lounge accesses per quarter, subject to a minimum spending threshold.
• Includes Rs. 1 Lakh purchase protection cover and compensation for loss of travel documents and baggage.
• Enjoy a fuel surcharge waiver of 1% on transactions between Rs. 400 and Rs. 5,000, up to Rs. 400 per month.

Advantages and Disadvantages

Advantages:

1. High Reward Rate: Earn 10X EDGE reward points on select categories like departmental and apparel store spending.
2. Welcome Benefits: Receive 15,000 EDGE reward points on spending Rs. 2,500 within 30 days of card activation.
3. Dining and Travel Benefits: Enjoy up to 20% off at partner restaurants and complimentary domestic airport lounge access.
4. Insurance Coverage: Includes Rs. 2 Lakhs air accident insurance and purchase protection cover.
5. Annual Fee Waiver: Annual renewal fee waived on spending Rs. 3 Lakhs or more in the previous year.

Disadvantages:

1. Limited Travel Benefits: Lack of international lounge access and specific travel-related perks.
2. Reward Point Capping: A monthly cap of 2,000 points on accelerated rewards may limit earning potential.
3. Foreign Transaction Fees: A 3.5% foreign currency markup on international transactions adds to costs.

Axis Bank Rewards Credit Card: Features and Benefits

Feature	Details
Welcome Benefit	Receive 5,000 EDGE reward points on spending Rs. 1,000 within 30 days of card activation.
Milestone Rewards	Earn 1,500 EDGE reward points every month on spending over Rs. 30,000 in a statement cycle.
Travel Lounge Access	Enjoy 2 complimentary domestic airport lounge visits per quarter.
Golf Benefits	Not applicable (NA).
Insurance Benefits	➡ Rs. 1 Lakh purchase protection cover. ➡ Cover for loss of travel documents and baggage up to $300. ➡ Check-in baggage loss covers up to $500. ➡ Rs. 1 Lakh credit shield for the cardholder.
Forex Markup Fee	3.5% on foreign currency transactions.
Fuel Surcharge Waiver	➡ 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. ➡ 5,000, capped at Rs. 400 per month.
Dining Benefits	➡ Avail a 30% discount on Swiggy orders using the “AXIS30” coupon code. ➡ Get a 15% discount at partner restaurants across India through the Dining Delights program.

Axis Bank Rewards Credit Card Reward Offers

• Base Reward Rate: Earn 2 EDGE reward points for every Rs. 125 spent on all transactions.
• Accelerated Rewards: Receive 10X EDGE points on departmental and apparel store spending, capped at 1,008 points per month.
• Welcome Benefit: Get 5,000 EDGE reward points on spending Rs. 1,000 within 30 days of card activation.
• Milestone Rewards: Earn 1,500 EDGE reward points on spending over Rs. 30,000 in a statement cycle.
• Dining and Entertainment: Access exclusive discounts such as a 30% rebate on Swiggy orders and 15% off at partner restaurants, enhancing your culinary experiences while saving money.
• Fuel Surcharge Waiver: Benefit from a 1% waiver on fuel transactions, making every fuel purchase more economical, with savings capped at Rs. 400 per month.

Redemption Options:

• EDGE Catalogue: Redeem EDGE reward points for a wide range of products and vouchers available on the EDGE platform.
• Partner Air Miles/Points: Convert EDGE reward points to partner airline miles or loyalty program points at a rate of 10 EDGE points = 1 partner mile/point.
• Pay with Points via SMS or Online: Use EDGE reward points to pay directly for purchases at both online and offline merchants. 1 EDGE point = 20 paise.
• Online Pay with Point Redemption: Redeem EDGE points online through mobile or net banking for purchases. 1 EDGE point = 20 paise.
• Minimum Redemption: A minimum of 300 reward points is required for any redemption transaction.

Axis Bank Rewards Credit Card Fees and Charges

• Foreign Currency Transaction Fee: 3.5% of the transaction amount
• Cash Withdrawal Fee: 2.5% of the amount withdrawn or Rs. 250 per transaction, whichever is higher
• Late Payment Fee:
• Rs. 300 if the total amount due is less than or equal to Rs. 2000.
• Rs. 400 if the total amount due is between Rs. 2001 and Rs. 5000.
• Rs. 600 if the total amount due is more than Rs. 5000.
• Minimum Amount Due: 5% of the total outstanding amount, subject to a minimum of Rs. 200.
• Overlimit Fee: 3% of the over-limit amount, subject to a minimum of Rs. 500
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000, up to Rs. 400 per month
• Card Replacement Fee: Rs. 100 to Rs. 300, depending on the type of card
• Statement Retrieval Fee: Rs. 100 per statement
• Reissue of PIN: Rs. 50 per instance
• Interest Rates: Typically range from 3.25% to 3.5% per month, depending on the cardholder’s credit profile

Insurance Benefits of Axis Bank Rewards Credit Card:

Purchase Protection Cover:

• Coverage amount: Rs. 1 Lakh
• Protection against theft or accidental damage of purchased items within a specified period from the date of purchase.

Travel Insurance:

• Loss of travel documents: Up to $300
• Baggage delay: Up to $300
• Baggage loss: Up to $500

Credit Shield:

• Coverage amount: Rs. 1 Lakh
• Provides financial protection by covering outstanding credit card dues in case of the cardholder’s demise or permanent disability.

Why Choose the Axis Bank Rewards Credit Card?

1. Insurance Coverage: Includes purchase protection, travel document loss cover, and credit shield up to Rs. 1 Lakh.
2. Enhanced Security Features: The card offers advanced security measures such as EMV chip technology and SMS alerts for transactions, ensuring secure usage.
3. Customer Service Excellence: Axis Bank provides dedicated customer service for credit cardholders, offering assistance for queries, disputes, and emergency services 24/7.
4. Concierge Services: Cardholders may access exclusive concierge services for travel bookings, restaurant reservations, and event planning, enhancing convenience.
5. Digital Payment Convenience: Seamless integration with digital wallets and online payment gateways for easy and secure transactions across various platforms.
6. Exclusive Events and Experiences: Invitations to exclusive events, workshops, and seminars hosted by Axis Bank, offering networking opportunities and lifestyle benefits.

Axis Bank Rewards Credit Card: Terms and Conditions

A. Insurance Coverage:

• Coverage for loss of travel documents, baggage delay, and baggage loss up to specified limits.

B. Payment and Billing:

• Billing Cycle: Monthly statement detailing transactions, dues, and payments.
• Payment Due Date: Minimum due must be paid by the due date to avoid late payment charges.
• Payment Methods: Online banking, NEFT, cheque, or at Axis Bank branches.

C. Card Usage:

• Domestic and International Usage: Can be used for transactions worldwide, subject to fees and exchange rates for foreign currency transactions.
• Security Features: Includes EMV chip technology and SMS alerts for secure transactions.

D. Dispute Resolution:

• Any discrepancies in billing or transactions must be reported within 30 days of the statement date.

Eligibility Criteria for Axis Bank Rewards Credit Card

1. Age Requirement: Applicants must be between 18 years and 70 years of age.
2. Residency Status: Must be a resident of India. Non-residents are not eligible.
3. Income Criteria:
   • For Salaried Individuals: Minimum monthly income typically ranges from Rs. 15,000 to Rs. 25,000, depending on the city of residence and Axis Bank’s internal policies.
   • For Self-employed Individuals: Minimum annual income requirement varies, usually around Rs. 3 Lakhs to Rs. 6 Lakhs.
4. Credit Score:
   • A good credit score of 700 and above (out of 900) is preferred. This indicates a strong credit history and responsible repayment behaviour.
5. Employment Status:
   • Salaried individuals: Must be employed with a stable job and regular income for at least 6 months to 1 year.
   • Self-employed individuals: Must have been in business for at least 2 to 3 years with stable income and financial stability.

Documentation Needed for Axis Bank Rewards Credit Card:

Applying for the BPCL SBI Credit Card requires the submission of specific documents to verify the applicant’s identity, address, and income. Here is a detailed overview of the required documentation:

Identity Proof	Address Proof
Aadhar card	Aadhar card
Passport	Passport
Voter ID	Utility bills (electricity, water, gas)
Any other government-issued ID with a photograph	Rental agreement (if applicable)
–	Any other valid document issued by government authorities

3. Income Proof for Salaried Individuals:

• Latest salary slips (last 3 months)
• Form 16 or Income Tax Returns (ITR)
• Bank statements showing salary credits (last 3 months)

4. Income Proof for Self-Employed Individuals:

• Income Tax Returns (ITR) for the last 2-3 years
• Profit and loss statement
• Business continuity proof (GST registration, business license, etc.)
• Bank statements (last 6 months)

4. Photographs:

• Passport-sized photographs of the applicant

Application Process for Axis Bank Rewards Credit Card:

1. Visit Axis Bank’s Website: Access the Axis Bank’s official website.
2. Navigate to Credit Cards: Go to the ‘Credit Cards’ section.
3. Select Rewards Credit Card: Choose the Axis Bank Rewards Credit Card.
4. Fill Application Form: Provide personal details and upload the required documents.
5. Submit and Wait: Submit the application online and await Axis Bank’s approval.

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