Axis Bank Rewards Credit Card Fees & Charges
| Charges | Amount |
| Joining Fee | ₹1,000 |
| Annual Fee | ₹1,000 (waived if you spend ₹2,00,000/year) |
| Interest / Finance Charge | 3.75% per month (~55.55% per year) |
| Cash Withdrawal Fee | 2.5% of the amount (minimum ₹500) |
| Late Payment Fee | ₹0–₹1,000 depending on outstanding bill |
| Over-limit Fee | 2.5% of the over-limit amount (minimum ₹500) |
| Foreign Currency Mark-up | ~3.5% per transaction |
| Cash Payment at Branch | ₹175 |
Axis Bank Rewards Credit Card Pros and Cons
Pros |
Cons |
| You get reward points when you spend money. | Interest is very high if you don’t pay the bill on time. |
| You may get bonus points when you start using the card. | Extra charges on international payments. |
| The yearly fee can be removed if you spend enough in a year. | Cash withdrawal from the card costs extra. |
| Reward points can be used for vouchers or gifts. | Rewards are not as high as some cards. |
| Small fuel surcharge waiver on fuel payments. | You must pay the annual fee if you don’t spend enough. |
Axis Bank Rewards Credit Card Eligibility Criteria
Here are the eligibility criteria for the Axis Bank Rewards Credit Card :-
- You should be between 18 and 70 years old.
- You must be a resident of India.
- You should have a regular source of income (salary or business income).
- You need basic documents like a PAN card, address proof, and income proof.
Axis Bank Rewards Credit Card Features and Benefits
Here are the features and benefits of the Axis Bank Rewards Credit Card :-
- Welcome benefit:- As a welcome benefit, you will receive 5,000 EDGE Reward points when you spend ₹1,000 with the card within 30 days of receiving it.
- Reward points:- Spend just ₹1,000 in the first 30 days, and you get 5,000 EDGE points right away. It’s a great way to start collecting rewards immediately
- Earn Extra rewards:– Every ₹125 you spend earns you 2 points, and when you shop for clothes or at departmental stores, you get 10× points.
- Exclusive Membership benefit: Enjoy benefits worth up to ₹1,000 every year, specially designed to give you extra value just for being a cardholder.
- Milestone Benefit:– If you spend ₹30,000 in a statement cycle, you earn an extra 1,500 points.
- Food & Dining Benefits:- This one is for Swiggy lovers. Two times a month, you can get a discount of up to ₹150 on orders over ₹500.
- Airport Lounge Access: If you reach the spending limit, you receive 2 free domestic lounge visits per quarter.
- Benefit on fuel purchasing:- If you pay for fuel between ₹400–₹5,000, you get a 1% waiver on the fuel surcharge.
Axis Bank Rewards Credit Card Review
The EDGE Card could be a good option for people who regularly buy things and want rewards. You get 2 points for every ₹125 you spend. You get 10X more points when you buy clothes or shop at department stores. When you first get the card, you get a bonus of 5,000 points. The EDGE Card also gives you discounts on food from Swiggy, lets you visit airport lounges, does not charge you extra for fuel, and provides some insurance protection. You can use the points you earn to shop, get gift vouchers or take advantage of offers from selected partners.
The Card is actually really good for people who use it a lot. If you do not use the card very often, benefits such as airport lounge access or bonus points for reaching spending thresholds may not be very useful.
FAQs
How do I earn the welcome bonus?
To earn the welcome bonus, you must spend ₹1,000 within the first 30 days of receiving the card. After this, you can earn the 5,000 EDGE reward points.
How can I use EDGE reward points?
You can use EDGE Reward Points to get gift vouchers, shop for products, book travel, or pay part of your credit card bill.
Can I get into airport lounges for free?
Yes, you get 2 free airport lounge visits every 3 months, only if you have spent the required amount on the card.
What extra benefit can I get with the Card?
As extra benefits, you can get Swiggy discounts, a fuel surcharge waiver on fuel payments, insurance protection, and membership benefits worth up to ₹1,000 per year.