The accelerated rewards structure is category based and not limited to select merchants, making it a suitable option for those looking for general shopping benefits across multiple brands without any specific preference. However, the 10X rewards come with a monthly cap which might not impact moderate spenders, but can restrict the rewards earning potential of high spenders.
Axis Bank
Axis Bank Rewards Credit Card
Reward Points
1st Year Fee: ₹1,000* Plus Applicable Taxes
Rewards
Up to 20 EDGE Reward points on card spends
Lounge Access
Up to 8 domestic lounge visits per year
Dining Offer
Up to 30% off on Swiggy and 15% off on dining
Find Best Credit Card Offers
It hardly takes 2 minutes
+91
0 /10 Digits
Don't worry, this will not affect your credit score
The entered number doesn't seem to be correct
About Axis Rewards Credit Card
Axis Bank Rewards Credit Card comes as another addition to the list of the top rewards credit cards with up to 20 EDGE Reward points on every Rs. 125 spent. In addition to the rewards on every card spend, 1,500 bonus EDGE Reward points as monthly milestone benefit confirm its status as a rewards credit card. However, the redemption value of up to Rs. 0.20 per EDGE Reward point is a bit low which this card tries to compensate with multiple redemption options, including cashback, catalogue, partner miles, etc. In addition to the rewards benefits, this card also offers other lifestyle-related benefits in the form of complimentary lounge access, along with discount offers on Swiggy orders and dining at partner restaurants. Read on to know more about this Axis Bank credit card with its fee details, annual benefits, milestone bonus, rewards program and other features.
Note: This card is not available on Paisabazaar.com. Content on this page is for information purposes only. To express interest in this card, please visit Axis Bank’s website.
Rewards Program
Reward Earning
- 10X Rewards: 20 EDGE Reward points per Rs. 125 spent at departmental and apparel stores
- 1X Rewards: 2 EDGE Reward points per Rs. 125 spent on other categories1
- Capping: 10X reward rate is applicable on monthly spends worth up to Rs. 7,000 on the eligible categories after which 1X reward rate will be applicable on all spends
Reward Redemption
- Redemption Value: 1 EDGE Reward point = Up to Rs. 0.20
- Redemption Options: EDGE Reward points can be redeemed against cashback, product catalogue and partner miles/points. You can also opt for redemption at partner outlets or SMS based redemption.
Other Features and Benefits
- Welcome Bonus: 5,000 EDGE Reward Points on reaching card spends worth Rs. 1,000 within 30 days of card issuance
- Renewal Benefit2: Cardholders get membership benefits worth Rs. 1,000 every year
- Milestone Benefit: 1,500 EDGE Reward points on reaching monthly spends of Rs. 30,000
- Lounge Access: 2 complimentary domestic airport lounge access per quarter on spending min. Rs. 50,000 during the previous 3 months
- Swiggy Offer: 30% off, up to Rs. 150 per order, on Swiggy on food delivery order worth Rs. 200 or more using the coupon code ‘AXIS30, twice per month
- Dining Discount: Up to 15% off, capped at Rs. 500, at partner restaurants in India under the Dining Delights program
Fees and Charges
| Particulars | Amount | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 1,000 + Taxes | ||||||||||
| Annual Fee | Rs. 1,000 + Taxes | ||||||||||
| Finance Charges | 3.75% p.m. (45% p.a.) | ||||||||||
| Rewards Redemption Fee | Nil | ||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get This Card If:
You are looking for a rewards credit card with all-rounder benefits covering other lifestyle categories
You want a card with moderate annual fee which can be easily waived off on satisfying a low spending condition
You can spend up to Rs. 7,000 on departmental stores and apparel stores in order to maximize the accelerated rewards
You are not looking for a card with benefits on international travel and spends
Similar Cards
IDFC FIRST Select Credit Card
HDFC Regalia Gold Credit Card
SBI Card PRIME
Axis Bank SELECT Credit Card
Paisabazaar Review
What do we like about this card?
Axis Rewards credit card offers a decent reward rate of up to 3.2% on specific spending categories, but the major rewards earnings can be availed through the milestone bonus of 1,500 EDGE Reward points by spending Rs. 30,000 in a month. The annual fee is either compensated by complimentary lifestyle memberships or can easily be waived by spending just Rs. 2 lakh in a year. Both spending conditions for the monthly bonus and the fee waiver can be easily achieved by an average spender by making the majority of the purchases using the card. The discount offers on food delivery and dining, along with the domestic lounge access add to the overall savings.
Pros
- Up to 18,000 EDGE Reward points every year as milestone benefits
- 10X rewards on apparel and departmental store spends
- Low spending condition to avail annual fee waiver
- Welcome and renewal benefits worth the card joining and annual fee
- Savings worth Rs. 300 every month on Swiggy food delivery orders
Cons
- Low redemption value of the earned EDGE Reward points
- Spend-based eligibility condition on lounge access benefit
- No complimentary access to international airport lounges
- Capping on accelerated rewards earnings
Footnotes
- Spends made on fuel, rent, insurance, utilities, wallet, govt. and educational institutions, transportation, and tolls will not accrue any EDGE Reward points.
- Not applicable on lifetime free cards
Click here to know More Terms and Conditions
Lepakshi Phogat
Lepakshi is a content writer specialising in personal finance and credit cards. She translates complex financial concepts into practical advice, helping readers make informed financial decisions. Whether it is helping them choose the right credit card or offering strategies to build their credit score, she writes to make personal finance less intimidating and more empowering.
Explore other Card Categories
Explore Cards from Leading Issuers
HSBC Bank
HDFC Bank
SBI Cards
American Express
ICICI Bank
Kotak Mahindra Bank
Axis Bank
Standard Chartered Bank
Yes Bank
RBL
IndusInd Bank
IDFC FIRST
AU Small Finance Bank
Federal Bank
Bank of Baroda
Punjab National Bank
SBM Bank
Canara Bank
Check eligibility for best credit cards
Check Eligibility