Axis Bank Rewards Credit Card

Axis Bank Rewards Credit Card is a mid range credit card offered by axis bank. The card gives 2 edge reward on spend of Rs.125 and also gives 10X accelerated rewards on departmental stores & apparel stores. It also provide 30% discount on swiggy. So if you are shopping lovers or foody you can have good savings through this credit card. Apart from these domestic lounge access, fuel surcharge waiver, insurance coverage etc. offer great advantage to the cardholder.

JOINING FEE
Rs. 1000+GST
RENEWAL FEE
Rs. 1000+GST
BENEFITS
2 Domestic Lounge Access per Calendar quarter & 30% off on swiggy orders
REWARDS &CASHBACK
2 Edge rewards point in every Rs.125 spend & 10X rewards point on departmental and apparel store

Features & Benefits

Welcome Benefits

  • Get 5000 edge rewards on spend of Rs.1000 or above within 30 days of card issuance.

Rewards

  • Get Unlimited 2 edge rewards on every Rs.125 spent.
  • Get 10X edge rewards on every Rs.125 spent on departmental & apparel stores.10X rewards will be bifurcated into 1X + 9X and this 9X will be capped upto 1008 rewards that is Rs.7000 per statement month.
  • After spent of Rs.7000 you will 2 edge rewards per Rs.125 spent.
  • Transportations & tolls, insurance, utilities, Govt.Institution, Education, wallet, fuel are excluded from rewards category.

Airport Lounge

  • Get 2 complimentary domestic airport lounge access every quarter. You need to spend 50k in previous quarter to be eligible in next quarter.

Fuel Surcharge Waiver

  • Get 1% Fuel surcharge waiver on all fuel transaction between Rs.400 to Rs.5000. Maximum waiver is Rs.400 per month.

Milestone Benefits

  • Get 1500 edge rewards points on spending Rs.30,000 per statement cycle.

Renewal Membership Benefits

  • Cardholder can get bouquet of membership upto Rs.1000 per anniversary year. This benefit will be communicated to you after payment of annual fee. For lifetime free credit card membership benefit is not applicable.

Spend Based Waiver

  • Annual fee will be waived off on spending of Rs.2lakh or more in anniversary year.

Dining Benefits

  • You can get upto 15% off at partner resturant with Axis bank dining delight.
  • Get 30% discount on swiggy twice a month on minimum order of Rs.200. Maximum discount is Rs.150 per transaction.

Fees & Charges

Reward Redemption Fee

  • There is no Reward redemption fee. cardholder need minimum 300 rewards to get redeemed. 1 Rewards = 20 paise. you can redeemed this rewards through mobile or net banking.

Foreign Currency Markup

  • The card come with high foreign currency markup fee that is 3.5% of total transaction amount. So if you are looking of any international travel & transaction credit card you can choose other cards that have zero or very less markup fee.

Finance Charges & Cash withdrawal Fee

  • Interest rate is 3.75% per month that is 55.55% per annum.
  • Cash withdawal fee is min Rs.500 upto 2.5% of cash withdrawal amount.
  • Pros & Cons

Pros

  • Unlimited 2 Edge rewards point & 10X accelerated rewards
  • Good milestone & annual benefits.
  • 2 Complimentary lounge access every quarter.

Cons

  • Accelerated reward capping Rs.7000 is low.
  • Exclusion of utilities, insurance, rent etc.
  • No international lounge access.
  • Final Thoughts

Axis bank reward credit card is a good rewarding credit card as the name suggest. It is good for those who spent on apparael, dinning & departmental store whose limit is Rs.7000. It comes with Rs.1000 annual fee which will be waived off after spending 2lakh or more in anniversary year and also prove milestone and annual benefit which is quite good. If you compare with annual fee there is other good card as well like SBI cashback credit card, Flipkart Axis bank credit card which have very strong competition between this credit card.

  • Frequently Asked Questions
Do the Annual fee get waived off in Axis bank rewards credit card?

 Yes after spending of lakh or more the annual fee get waived off.

You will get only domestic lounge access 2 every quarter after spending of Rs.50k in previous quarter.

Yes you will get 30% discount on swiggy twice a month on minimum order of Rs.200 and maximum discount Rs.150 per transaction.

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