Axis Bank Rewards Credit Card
Last Updated : Oct. 20, 2023, 4:20 p.m.
Axis Bank has launched an all-new rewards credit card. As the name suggests, it was created to offer rewards to customers for every purchase they make. You can avail yourself of exciting rewards in apparel and departmental stores. In addition, it comprises welcome benefits, membership perks, milestone benefits, 30% off on Swiggy, complimentary lounge access, fuel surcharge, insurance, and much more. As a result, it is all in one credit card that would cater to your everyday needs. Furthermore, those who want to have a credit card that offers rewards should try it out. Also, the reward points will be directly sent to your Edge account. Dive deeper into this article to understand the Axis Bank Rewards Credit Card.
Axis Bank Rewards Credit Card Features
Axis Bank has always been a pioneer in the field of providing a wide range of financial services to a diverse audience. Furthermore, Axis Bank Credit Cards go above and beyond to assist people in any way they can. The Rewards Axis Credit Card comes with a variety of benefits in various categories. You’ll find everything from rewards to incredible deals on food delivery, dining, and other services here.
Here are the benefits and features of the Axis Bank Rewards Credit Card:
Welcome Benefits
- Get 5,000 Edge Reward Points for spending INR 1,000 or more within 30 days of credit card issuance.
Reward Points
Following are the ways in which you can earn reward points:
- You will receive 10X reward points for spending INR 125 on apparel and department stores.
- Every time you spend INR 125, you will receive 2 Edge Reward Points.
- If your monthly spending exceeds INR 7,000, you will receive accelerated points.
Membership Benefits
- Every anniversary year, you will receive a membership worth INR 1,000. Furthermore, the eligible customer will receive the membership link via SMS on their registered mobile number within 60 days.
Milestone Benefits
- On spending INR 30,000 per statement cycle, you will get 1,500 Edge Reward Points.
Swiggy
- Enjoy 30% off on Swiggy while delivering food. Further, enter coupon code AXIS30 to use this offer.
Complimentary Lounge Access
- Enjoy 2 domestic lounge accesses at no cost.
Fuel Surcharge Waiver
- Get up to a 1% fuel surcharge waiver across all the petrol pumps in India. However, it is valid on transactions between INR 400 to INR 5,000 only. Further, the maximum benefit you can get is INR 500 per statement cycle.
Axis Bank Rewards Credit Card Insurance
The Axis Bank Rewards Credit Card comprises various insurance benefits for customers:
- Purchase Protection Coverage of INR 1 Lakh.
- $300 for the delay of check-in baggage.
- $300 for the loss of travel documents.
- Loss of check-in baggage covers up to USD 300.
- Credit Shield of INR 1 Lakh.
Dinning Delights
- Enjoy up to 15% off a maximum of INR 500 at partner restaurants in India. Further, to avail yourself of the offer, you just have to show your credit card at the restaurant.
Axis Bank Rewards Credit Card Fees and Charges
The fee and charge structure of the rewards credit card is as follows:
| Particulars | Fee |
|---|---|
| Joining Fee | INR 1000 |
| Annual Fee | INR 1000 However, the annual fee is waived if you spend INR 2 lakh in the previous year. |
| Add-on Card Joining Fee | NIL |
| Add-on Card Annual Fee | NIL |
| Finance Charges | 3.6% per month. |
| Cash Withdrawal Fee | 2.5% of the minimum of INR 500 of the cash amount |
| Fee for Cash Payment | INR 100 |
| Card Replacement | NIL |
| Duplicate Statement Fee | Waived |
| Late Payment Fee | - If the amount is less than INR 500 then you didn’t have to pay any fee. - Pay INR 500 if the outstanding balance is between INR 501 to INR 5000. - A late payment fee of INR 750 is charged if the amount is between INR 5001 to INR 10,000. - For any payment that is greater than INR 10,001, you have to pay up to INR 1000. |
| Over-limit Penalty | 2.5% of the over-limit amount, which is subjected to a minimum of INR 500 |
| Outstation Cheque Fee | Waived |
| Rewards Redemption Fee | NO |
Eligibility Criteria
To obtain this credit card, you need to meet these credit card eligibility requirements:
- The primary cardholder must be between 18 to 70 years of age.
- As of now, only Indian citizens are eligible to apply for the card.
Documents Required
When applying for a credit card, the documentation process is critical. It assists the bank in assessing and validating the applicant’s identity. You will also need the following documents to apply for one of the Best Axis Bank credit cards:
- PAN Card
- Identity Proof
- Proof of Address
- Salary Slip
- Form 16
- ITR Return Copy
How does the Axis Bank Rewards Credit Card work?
Assume your annual expenditure is INR 2 lakh. You, on the other hand, have spent that specific amount in a variety of ways. The Axis Bank Rewards Credit Card comes with plenty of benefits in different categories. Furthermore, when you apply for the card, you will be presented with a plethora of options for saving money. Additionally, perks such as fuel surcharges, food delivery from Swiggy, and so on will save you a significant amount of money.
Read below to understand the working mechanism of the credit card:
| Benefits | Annual Spends | Savings |
|---|---|---|
| Welcome Benefit | - | INR 1000 |
| Complimentary Lounge Access | - | INR 12000 |
| Swiggy Discount | INR 4800 | INR 3600 |
| Reward on Annual Spends | INR 150000 | INR 480 |
| Accelerated rewards of 10X | INR 1 Lakh | INR 2880 |
| Milestone Benefit | - | INR 900 |
| Membership Benefit | - | INR 1000 |
| Fuel Surcharge | INR 20000 | INR 200 |
| Total Annual Spending | - | INR 22060 |
As a result, you are saving INR 22,060 annually while using this Reward Credit Card by Axis Bank. Moreover, depending on your spending limit, you have a chance to even save more.
Why should you purchase the Axis Bank Rewards Credit Card?
The Axis Bank Rewards Credit Card is one of the best cashback and rewards credit cards . It offers an amazing and rewarding experience for customers. You will find here a vast range of options through which you can save money. As we all know, credit cards have become a vital part of our lives. Furthermore, we tend to purchase them so we can make everyday life more comfortable. Moreover, would it be best for you to purchase a card that offers amazing privileges? Therefore, Axis Bank has launched the all-new Rewards Card so that you can get the most out of it. Hence, if you are someone who is looking for a card that offers amazing deals, then you should purchase the Axis Bank Rewards Credit Card.
Conclusion
Rewards Axis Bank Card comes with a nominal joining fee. However, you will get a plethora of benefits here. It also allows you to save money on everyday expenses and purchases. Axis Bank has designed it so that customers can reap the benefits in every way possible. Additionally, the documentation process is also very minimal; you don’t need to worry about it. Moreover, you will receive the credit card shortly after applying for it.