Axis Bank Rewards Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

- Enjoy a welcome benefit of 5000 EDGE reward points upon signing up - Earn 2 EDGE reward points for every Rs. 125 spent - Get 10 times the EDGE reward points for every Rs. 125 spent at departmental and apparel stores - Receive membership benefits valued at Rs. 1000 every card anniversary year - Avail a 30% discount on Swiggy orders and a 15% discount at partner restaurants through the Dining Delights Program - Enjoy 2 complimentary domestic airport lounge access per quarter - Enjoy a 1% fuel surcharge waiver with a maximum benefit of Rs. 400 per statement cycle - Benefit from a purchase protection cover of Rs. 1 Lakh, as well as coverage for loss of travel documents and baggage.

The Axis Bank Rewards Credit Card is a well-suited option for individuals who frequently dine out and shop.

With a joining fee of Rs. 1,000 + GST and a renewal fee of Rs. 1,000 + GST, this credit card offers great benefits for those who enjoy these activities.

One of the welcome benefits of this card is the 5000 EDGE reward points that cardholders can earn by spending Rs. 1000 or more within 30 days of card activation.

This is a generous offer that allows new cardholders to start earning rewards right away.

For dining, this card provides a 30% discount on Swiggy orders, making it an excellent option for those who prefer to order food online.

Additionally, cardholders can enjoy a 15% discount at various partner restaurants with the Dining Delights Program.

These benefits make dining out more affordable and enjoyable.

When it comes to shopping, this credit card offers 2 EDGE reward points on every Rs. 125 spent.

Moreover, cardholders can earn accelerated 10x EDGE reward points for every Rs. 125 spent at departmental and apparel stores.

This feature allows shoppers to accumulate rewards quickly, enhancing their overall shopping experience.

However, it is important to note that this card does not offer specific benefits for travel, golf, or international lounge access.

It does provide 2 complimentary domestic airport lounge accesses per quarter, which can be convenient for domestic travelers.

Cardholders also receive insurance benefits such as Rs. 1 Lakh purchase protection cover and cover for loss of travel documents and baggage.

The renewal fee for this card can be waived off if the cardholder spends Rs. 2 Lakhs or more in the card anniversary year, making it a cost-effective option for frequent spenders.

The rewards redemption for this credit card does not have a fee, but cardholders must have a minimum number of reward points in order to make redemptions.

In terms of fees, this credit card offers a foreign currency markup of 0.035, which is relatively low compared to other cards in the market.

The interest rate stands at 3.6% per month or 52.86% per annum.

Furthermore, there is a 1% fuel surcharge on transactions, which can be waived off for transactions ranging from Rs. 400 to Rs. 5000.

However, the cash advance fee is 2.5% of the amount withdrawn or Rs. 500, whichever is higher.

Overall, the Axis Bank Rewards Credit Card is a valuable option for individuals who enjoy dining out and shopping.

With its various benefits and rewards, it provides a satisfactory experience for cardholders.