While the reward earning rate on Axis SELECT Credit Card is excellent, especially for offline spends (where most cards offer lower rates), a low redemption value (Rs. 0.25) brings down the overall value-back. The card also offers point-to-mile conversion facility but the redemption again stands quite low at 5:1 for select airlines and hotels and 10:1 for others. Even if you choose a brand offering higher redemption value, 20,000 reward points would be worth 4,000 air miles. Moreover, partners are divided into Group A and Group B with capping of 1 Lakh points and 4 Lakh points in a year, respectively, which further restricts redemption flexibility.
Axis Bank
Axis Bank SELECT Credit Card
Shopping
Reward Points
1st Year Fee: ₹3,000* Plus Applicable Taxes
Online Spends
Discount on top brands like Swiggy & BigBasket
Lounge Access
Complimentary lounge access worldwide
Rewards
2X rewards across all retail spends
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About Axis Select Credit Card
Axis Bank SELECT is a reward-focused credit card offering accelerated (2X) value-back on retail (offline) spends, along with 10 EDGE reward points per Rs. 200 spent across other eligible categories. Retail shopping includes everyday essentials like departmental stores, groceries, apparel, accessories, and more—making it a suitable option for day-to-day spends. Cardholders can also save a significant amount through direct discount at top brands like BigBasket and Swiggy, along with up to 12 international lounge visits annually and a Complimentary Priority Pass membership.
While Axis SELECT Credit Card comes with an impressive earning rate, its reward redemption value is relatively low, with 1 Reward Point (RP) = Rs. 0.20 or 10:1 ratio when converting to an airline or hotel loyalty program. Despite a low redemption rate, the card offers good overall value at a price point of Rs. 3,000, particularly for consumers seeking a mix of rewards, discounts, and travel perks.
Also Read – Best Credit Cards in India 2025
Axis SELECT Rewards Program
Reward Earning
- 10 Axis EDGE reward points on every Rs. 200 spent1
- 2X (20) Axis EDGE reward points per Rs. 200 spent on retail transactions, applicable on cumulative monthly spends of up to Rs. 20,0002
Reward Redemption
- Redeem against vouchers and merchandise purchase through Axis Bank’s rewards catalogue (1 RP = Rs. 0.25)
- Transfer to airline or hotel loyalty programs (Vistara, ITC, SpiceJet, Air Asia) in 5:1 ratio
- Transfer to other airline/hotel partners in 10:1 ratio
- Miles Transfer Partners are divided into Group A and Group B
Other Features & Benefits
Discount on Top Online Brands
- Flat Rs. 500 off in a month on BigBasket on a minimum transaction value of Rs. 3,000
- Rs. 200 off, twice a month on a minimum transaction value of Rs. 1,000 on Swiggy3
Welcome Benefit
- 10,000 EDGE reward points worth Rs. 2,000 on the first transaction made within 30 days from the date of card issuance.
Renewal Benefit
- BigBasket and Swiggy offer will be applied automatically on renewal fee payment
- Additionally, if you spend Rs. 3 Lakh in the preceding year, you can also renew the Priority Pass Membership from the second year onwards
Savings Calculator
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₹3,000 Plus Applicable Taxes
Waived off on annual spends of Rs. 8 Lakh₹3,000 Plus Applicable Taxes
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Axis Select: Fees & Charges
| Fee Type | 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 Charges |
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Rewards Value Back: Axis SELECT vs. HDFC Regalia Gold 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 Points4 | Redemption Value of 20,000 Reward Points |
|---|---|---|
| Axis SELECT | Rs. 4 Lakh |
|
| HDFC Regalia Gold | Rs. 7.5 Lakh |
|
| SBI Card Prime | Rs. 10 Lakh |
|
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 Gold. Both Axis and HDFC 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.
Things to Know Before you apply
Get 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
Eligibility Criteria:
Age: 18 to 70 years
Occupation: Salaried or Self-employed
Minimum Income Requirement: Rs. 6 LPA
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What do we like about this card?
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, as cardholders can earn high rewards across all offline transactions. In addition to this, the card also covers more ground with the discount offer on Swiggy and BigBasket, as these are common everyday spend categories.
Pros
- Accelerated (2X) rewards across all retail spends
- Direct discount on popular brands like Swiggy & BigBasket
- Welcome benefit of 10,000 EDGE reward points worth Rs. 2,000
- Additional discount on dining at partner restaurants
Cons
- Low reward redemption value against air miles and product catalogue
- No reward points on fuel, insurance, gold/jewellery and utility bill payments
- High forex markup fee of 3.5%
- High annual fee of Rs. 3,000
Conclusion
Axis SELECT is an all-rounder credit card offering benefits across multiple categories, such as offline spends, travel, grocery, dining and more. Cardholders can earn accelerated rewards on retails spends along with discount on Swiggy and BigBasket. 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. 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.
Frequently Asked Questions
Everything you need to know about this credit card
Yes, Axis Select Credit Card offers complimentary domestic and international lounge visits. Cardholders receive a complimentary Priority Pass Membership in the first year on completing their first transaction within 30 days of card issuance. This membership includes 6 complimentary international lounge visits annually. Additionally, cardholders can earn 6 more international lounge visits per year by spending Rs. 3 Lakh or more in a year. For domestic lounge access, the card offers 2 complimentary visits per quarter on spending Rs. 50,000 in the previous quarter.
Axis Select Credit Card comes with an annual fee of Rs. 3,000. However, cardholders can have this fee waived by spending Rs. 8 Lakh or more in a year, effectively making the card free.
The card offers 6 complimentary international lounge visits annually, provided the cardholder activates the complimentary Priority Pass Membership by making the first transaction within 30 days of card issuance. Cardholders can also earn an additional 6 international lounge visits by spending Rs. 3 Lakh or more in a calendar year, increasing the total to 12 visits annually.
Axis Select Credit Card offers discounts on top brands like Swiggy and BigBasket. Cardholders can save Rs. 500 per month on BigBasket purchases with a minimum transaction value of Rs. 3,000. For Swiggy, the card offers Rs. 200 off twice a month on transactions of Rs. 1,000 or more. Additionally, cardholders can save up to Rs. 800 on dining bills through the Axis Bank Dining Delights Program.
Footnotes
- Rent, Insurance, Fuel, Educational Services, Utilities, Government MCC and Gold/ Jewellery transactions do not earn any reward points.
- For monthly spends above Rs. 20,000, cardholders will earn 10 EDGE reward points per Rs. 200 spent.
- Use promo code AXIS200 at the checkout.
- The calculation is based on the base reward earning rate for each card.
Click here to know More Terms and Conditions
Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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