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Axis Bank SELECT Credit Card: High Rewards on Retail Spends

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Updated: 02-12-2024 08:00:40 AM

Axis Bank SELECT Credit Card is designed to offer substantial savings with benefits on major spend categories including online and offline expenses, travel, groceries, movies and more. Cardholders can save in the form of accelerated reward earnings on certain bonus categories, discount offers on select brands and complimentary memberships. Its reward rate on retail spends is quite impressive, even higher than the base rate on premium Axis Bank credit cards such as Magnus. Read on to know the features of this credit card in detail.

Axis Bank SELECT Credit Card Overall Rating: ★★★★
Axis Bank Select Credit Card
Travel Benefits ★★★ 
Reward Points ★★★★ 
Shopping Benefits ★★★
Other Benefits ★★★

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Axis Bank SELECT Credit Card rewards its users with 2X points on retail (offline) transactions, which is a unique feature as most cards reward miscellaneous offline spends at the base rate. Consumers who usually put high spends on the card and prefer shopping offline would be able to maximize the benefit. However, despite offering an impressive earning rate, the card allows redemption at 1 Reward Point (RP) = Re. 0.20 or 10:1 when converting to airline or hotel loyalty program. Cards like HDFC Regalia and SBI Prime provide stronger redemption value, leading to a better overall value.

Beyond the rewards program, Axis SELECT also covers two major categories: dining and groceries by providing direct discount on Swiggy and Big Basket. For frequent travellers, the card offers Complimentary Priority Pass membership with up to 12 international lounge visits annually and a low forex markup fee. For a card charging Rs. 3,000 as annual fee, the features cover much ground and could be a good choice for those who are looking for all-round benefits.

Higher Reward Points on Retail Transactions
Discount on Top Online Brands
Travel Benefits
Welcome, Renewal and Milestone Benefits
Other Benefits
Should you get this card?
Axis Bank SELECT Credit Card: Fees & Charges
Axis Bank SELECT Credit Card Eligibility & Documentation
Cards Similar to Axis Bank SELECT Credit Card
FAQs

Higher Reward Points on Retail Transactions

The reward rate on Axis SELECT Credit Card is as follows:

  • 10 Axis EDGE reward points on every Rs. 200 spent
  • 2X (20) Axis EDGE reward points per Rs. 200 spent on retail transactions
  • Redeem reward points at a value of 1 EGDE Reward Point = Re. 0.20

Note: Rent, Insurance, Fuel, Educational Services, Utilities, Government MCC and Gold/ Jewellery transactions do not earn any reward points.

How much value-back can cardholders get from this rewards program?

The reward earning rate on Axis SELECT Credit Card is excellent, especially for offline spends (where most cards offer lower rates). The redemption value of these reward points stands too low at 1 RP = Rs. 0.20 if redeemed through rewards catalogue. Besides this, cardholders can convert the accumulated reward points into Air Miles or Hotel Loyalty Points of their choice but the redemption is again low at 10:1 for most airlines and hotels. The conversion ratio for Club Vistara, Club ITC, SpiceClub and Air Asia rewards is 5:1 on this card. This means the value of 20,000 reward points will be Rs. 4,000 for redemption from catalogue or 4,000 air miles (if chosen from the 5:1 brands). Also, cardholders can redeem a total of 5,00,000 reward points in a year against partnered airlines and hotel loyalty programs.

In addition to this, the miles transfer program partners are divided into Group A and Group B. Cardholders will be able to transfer a maximum of 1 Lakh points to Group A partners and a maximum of 4 Lakh points to Group B partners in a calendar year. Here is the group-wise list of Miles Transfer partners:

Group A Group B
  • Accor Hotels (Accor Live Limitless)
  • Air Canada (Aeroplan)
  • Ethiopian Airlines
  • Etihad (Etihad Guest)
  • Japan Airlines (JAL Mileage Bank)
  • Marriott International (Marriott Bonvoy)
  • Qatar Airways
  • Singapore Airlines (Krisflyer)
  • Turkish Airlines
  • Thai Airways (Royal Orchid Plus)
  • United Airlines (MileagePlus)
  • Wyndham Hotels (Wyndham Rewards)
  • Air France-KLM (Flying Blue)
  • Air India (Flying Returns)
  • Air Asia
  • ITC
  • IHG® Hotels & Resort (IHG One Rewards)
  • Qantas Airways (Qantas Frequent Flyer)
  • SpiceJet
  • Vistara (TATA SIA Airlines Ltd)

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Rewards Value: Axis SELECT vs. HDFC Regalia vs. SBI Card PRIME

Here is a detailed comparison of how much you can save using Axis SELECT, HDFC Regalia & SBI Card Prime:

Credit Card Spend Value to Earn 20,000 Reward Points* Redemption Value of 20,000 Reward Points
Axis SELECT Rs. 4 lakh
  • Product Catalogue = Rs. 4,000
  • Air Miles (with Club Vistara, Club ITC, SpiceClub and Air Asia) = Rs. 4,000
  • Air Mile (with other airlines) = Rs. 2,000
HDFC Regalia Rs. 7.5 lakh
  • Flights and hotel bookings via SmartBuy = Rs. 10,000
  • Air Mile Conversion = Rs. 10,000
  • Product Catalogue = Rs. 7,000
  • Cashback = Rs. 4,000
SBI Card Prime Rs. 10 lakh
  • Redemption via SBI Card’s Rewards Portal = Rs. 5,000

*Considering the base earning rate on each card.

As seen from the table above, Axis SELECT allows you to accumulate a high number of reward points at a comparatively lower spend value but the redemption value is not as good as HDFC Regalia. Both cards give good value on air mile conversion as compared to product purchase via catalogue. If you are a high spender and want to avail travel benefits in exchange of reward points, HDFC Regalia could be a better pick as the redemption value is strong.

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Discount on Top Online Brands

With Axis SELECT Credit Card, you can avail discount on BigBasket and Swiggy as mentioned below:

Brand Offer Details Minimum Transaction Value Maximum Discount
BigBasket 20% off in a month Rs. 3,000 Rs. 500
Swiggy Rs. 200 off, twice a month* Rs. 1,000 Rs. 200

*Use promo code AXIS200 at the checkout

Instead of offering higher rewards on all online spends, Axis SELECT offers discount on select brands, covering two major categories- groceries and dining. Though this offer comes with minimum transaction value and maximum discount limits, users can save a substantial amount every month by smart use of their card for the said categories.

Suggestion: Best Online Shopping Credit Cards | Check Eligibility & Apply Now

Travel Benefits

Axis SELECT Credit Card also holds good value for travellers as can get complimentary international and domestic lounge visits:

  • Complimentary Priority Pass Membership in the 1st year on making first transaction within 30 days of card issuance
  • 6 complimentary international lounge access to over 1,200 international airport lounges, per calendar year
  • Additional 6 international lounge visits per year by spending Rs. 3 Lakh or more in that calendar year
  • 2 complimentary domestic lounge visits per quarter on spending Rs. 50,000 in the previous quarter (W.e.f 1 May, 2024)

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Welcome, Renewal and Milestone Benefits

Welcome Benefit: This credit card offers 10,000 EDGE reward points worth Rs. 2,000 on the first transaction. The first transaction should be made within 30 days from the date of card issuance to avail of this benefit.

Renewal Benefit: This card offers not only one but multiple renewal benefits:

  • BigBasket and Swiggy offer will be applied automatically
  • Additionally, if you spend Rs. 3 Lakh in the preceding year, you can also renew the Priority Pass Membership from the second year onwards

Milestone Benefits: The card offers milestone benefits in terms of bonus reward points and annual fee waiver. You can avail of the milestone benefits as per the below details:

  • 5,000 EDGE reward points on spending Rs. 3 Lakh in a card anniversary year
  • Annual fee waiver on spending Rs. 8 Lakh in a card anniversary year

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Other Benefits

Golf Benefits: The card offers up to 12 complimentary golf rounds in a year as per the below details:

  • 6 complimentary golf rounds per year
  • Additional 6 visits on spending Rs. 3 Lakh annually

Suggestion: Credit Cards with Best Welcome Bonus | Check Eligibility & Apply Now

Should you get this card?

Most consumers are now moving towards online shopping and, as a result, leading card providers in India have focused their products to offer better value-back online. However, Axis Bank SELECT Credit Card is a highly rewarding option for those who prefer store visits, as they can earn double the rewards on retail shopping. The good part is that the accelerated rewards on retail spends are not limited to one or more categories and cardholders can earn high rewards across all offline transactions.

In addition, Axis SELECT also offers 6 complimentary international lounge visits and 6 more on reaching annual spends of Rs. 3 Lakh, which is again a great advantage considering the card’s annual fee. The card also covers more ground with the discount offer on Swiggy and BigBasket as these are common everyday spend categories.

What the card lacks on is a good redemption value- catalogue redemption as well as air mile conversion. So, it is easier for the user to accumulate substantial reward points but the value back against those rewards could have been better. Also, as the card offers up to 12 international lounge visits in a year, a low forex mark-up fee would also have added value for travellers.

You should consider getting this card if:

  • You either prefer offline spends or already have a credit card for online spends
  • You frequently travel within India as well as internationally and would like to avail complimentary lounge visits
  • You spend on Swiggy and BigBasket every month as discounts on these brands would help you save a lot
  • You can easily spend Rs. 8 Lakh in a year to avail annual fee waiver

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Axis Bank SELECT Credit Card: Fees & Charges

The fees and charges applicable to Axis Bank SELECT Credit Card are shown in the table below:

Particulars Amount 
Joining Fee Rs. 3,000 (Nil for Burgundy clients)
Annual Fee Rs. 3,000 (Nil for Burgundy clients)
Finance Charges 3.6% per month | 52.86% p.a.
Late Payment Fee For Outstanding Amount:

  • Up to Rs. 500: Nil
  • Between Rs. 501 to Rs. 5,000: Rs. 500
  • Between Rs. 5,001 to Rs. 10,000: Rs. 750
  • Above Rs. 10,000: Rs. 1,200

Note: Banks reserve the right to change the fees & charges without prior communication. Click here to view the most important terms and conditions.

Axis Bank SELECT Credit Card Eligibility & Documentation

Criteria Details
Age Requirement 18 to 70 years
Minimum Income Required Rs. 6 lakh p.a.
Occupation Salaried or Self-employed
Documents Required Click here for the list of acceptable documents

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Cards Similar to Axis Bank SELECT Credit Card

Credit Card Annual Fee Comparative Feature
Axis Bank Magnus Credit Card Rs. 10,000
  • 1 free domestic flight ticket
  • 8 free International Priority Pass lounge visits
HDFC Regalia Credit Card Rs. 2,500
  • 4 reward points per Rs. 150 spent
  • 12 complimentary lounge visits
SBI Prime Credit Card Rs. 2,999
  • 20X reward points on select spends
  • Complimentary lounge access
YES First Preferred Credit Card Nil
  • 1.75% Foreign Currency Conversion Fee
  • Priority Pass Membership
SBI Elite Credit Card Rs. 4,999
  • Free domestic and international lounge visits
  • Forex Mark-up fee of 1.99%
Check Eligibility & Apply for Top Cards

FAQs

Q. I am not a Burgundy Client can I apply for this Axis Bank Credit Card?
A. Yes, you may apply for the credit card; however, if your application is approved then you will have to pay joining as well as the annual fee which is Rs. 3,000.

Q. Are there any special benefits given to Burgundy level members of Axis Bank?
A. Yes, Burgundy level members can apply for this credit card without having to pay an annual fee or joining fee. There are no additional benefits given.

Q. Can I pay my Axis Bank SELECT Credit Card bill in cash?
A. Yes, you can pay your Axis Bank SELECT credit card bills via cash. However, you will have to pay a fee of Rs. 100. To do so, you can visit any of the nearest branches of the bank and pay your bill.

Q. How can I make my Axis Bank SELECT Credit Card bill payment?
A. Axis Bank offers various ways in which you can make your credit card bill payment whether you hold an Axis Bank account or not. You can pay credit card dues online as well as offline. Online payment modes includes Net Banking, Auto-Debit Service, Debit Card, Axis Mobile App, SMS, Visa Money Transfer, etc.

Q. What process does one need to follow to increase the credit limit on Axis Bank SELECT Credit Card?
A. If you want to increase the credit card limit then you will have to request the same with the bank. The bank will check your credit history. Afterward, if the bank is satisfied with your financial status then your credit limit will be increased.

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