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Axis Bank Rewards
Annual Fee
₹500
Rewards/₹100 ⓘ
₹0.50 - ₹1.25
Normalized to balance base rate with bonus categories
Interest Rate
42.00%
Credit Score
700+
At a Glance
Key Benefits
4 points per Rs 200, 10 points on Rs 50K+ spend, fuel surcharge waiver
Lounge Access
No complimentary lounge access
Eligibility
Salaried: Rs 25,000+/month, Age: 21-65, CIBIL: 700+
Quick Details
Annual Fee
₹500
#113
Joining Fee
₹500
#112
Interest Rate
42.00% p.a.
#108
Forex Markup
3.50%
#75
Rewards/₹100
₹0.50 - ₹1.25
#175
Reward Type Reward Points
Reward Currency Points
Min Credit Score
700+
#54
Min Monthly Income ₹25
Network VISA
Late Payment Fee ₹500
Cash Advance Fee 2.50% (min ₹500)
Over Limit Fee ₹500
Fee Waiver on Spend ₹50,000/yr
Reward Structure
Base
All Spends
₹0.50 /₹100
Accel
All Spends
₹1.25 /₹100
Reward Calculator
₹
Allocate by Category100%
Your Rewards
Points Earned1,900
Cash Value₹475
Breakdown
All Spends1,500
Other Spends400
Total Value₹475
Quick amounts:
Insurance Coverage
Lost Card
₹0
Zero liability for lost card transactions when reported within 3 days.
Fraud
₹0
Zero liability for unauthorized transactions.
Quick Analysis
The Axis Bank Axis Bank Rewards is a solid credit card option. With an annual fee of ₹500, ensure you can utilize the benefits to get value. Consider your spending patterns before applying.
Pros
- Low annual fee of just ₹500
- Annual fee waiver on spending ₹50000
- Extended interest-free period of 50 days
Cons
- No complimentary lounge access
- High forex markup of 3.50% on international transactions
- High interest rate of 42.00% on revolving credit
Frequently Asked Questions
What is the reward rate for Axis Bank Rewards card?
You earn 4 Edge Reward Points per Rs 200 spent. After Rs 50,000 monthly spend, you earn 10 points per Rs 200.
Is there an annual fee waiver for this card?
Yes, the annual fee of Rs 500 is waived if you spend Rs 50,000 or more in the previous year.
Does this card have lounge access?
No, this entry-level card does not offer complimentary lounge access.
What is the fuel surcharge waiver benefit?
You get 1% fuel surcharge waiver on fuel transactions between Rs 400 and Rs 4,000.
Can I convert purchases to EMI on this card?
Yes, you can convert purchases above Rs 2,500 to EMI at competitive interest rates.
User Reviews
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