Axis Bank REWARDS Credit Card

Annual feeJoining fee

₹1,000 + GST

Fee waiver rule

Annual Fee exempted for the anniversary year in which ₹2 lakhs or more is spent on the Card (spend limit applies to Card members issued the Credit Card on or after 01st March 2023); Rent Transaction, Wallet Load Transactions and Gift Card not eligible for spends calculation in availing annual fee waiver

Add-on card fee

Add-on card joining fee Nil; Add-on card annual fee Nil.

Welcome benefit

5,000 EDGE REWARD Points on cumulative net spends of ₹1,000 or above within 30 days of card issuance; not applicable on Lifetime free and migrated card

Reward rate

2 EDGE REWARD Points per ₹125 · everyday spends2 EDGE REWARD Points on every ₹125 spend.

Reward exclusions

Purchase Transactions on these Merchant Category Codes (MCC) shall not earn reward points: Transportation & Tolls, Utility and certain telecom, Insurance, Educational Institutions, Govt. Institutions, Wallet/ Wire Transfer, Rent, Fuel, Gift Card.

Reward caps

Credit of incremental 9X bonus points is subject to a cap of 1008 points (i.e., 9X of ₹7000/125) per statement month

What one reward unit is worth

The Redemption Value of Each EDGE REWARD Point = ₹0.20.

Cashback redemptionStatement-credit redemption

Pay By Rewards (Cashback) Adjustment against card outstanding; Points: Min 2500 Max 1 lakh.

Catalogue redemption

The Cardholder can redeem their reward points from the catalogue listed under the EDGE Platform via Net & Mobile Banking; Catalogue: As per catalogue structure (Product and gift vouchers)

Points transfer redemption

The Cardholder can convert EDGE REWARD Points into Partner Miles via Net & Mobile Banking under Axis Bank’s Points Transfer Program.

Point expiry

EDGE REWARD Points / EDGE Miles are valid for 3 years from the earning date and will expire if not redeemed; the Bank will reserve the right to forfeit unredeemed EDGE REWARD Points / EDGE Miles post 30 days of your credit card closure or if the minimum amount due on your credit card is outstanding for more than 90 days

Airline and hotel partners points may move to

Partner miles / points 5 EDGE REWARD Points / 10 EDGE REWARD Points = 1 Partner Point as per current select & privilege card conversion.

Domestic lounge access

2 complimentary lounge access per quarter at select domestic airports with your REWARDS Credit Card; access to domestic airport lounges is based on a minimum eligible spend of ₹50,000 in the previous 3 calendar months

Dining programme

Enjoy exceptional dining experiences at top restaurants across India with the Axis Bank Dining Delights Program.

Milestone benefits

Earn 1,500 EDGE REWARD points on net spends of ₹30,000 per statement cycle.

Renewal benefit

Cardholder shall receive bouquet of membership up to ₹1000 per anniversary year; benefit is provided after completion of Card anniversary year i.e. on renewal only, subject to payment of Annual fee; membership benefit will not be applicable for lifetime free Credit Card Customers

Benefit given each anniversary year

Enjoy a bouquet of memberships up to ₹1,000 every anniversary year; eligible customers will get the membership link via SMS on registered mobile number within 60 days of becoming eligible; not applicable on Lifetime free and migrated card

Fuel surcharge waiver

Fuel surcharge waiver: 1% fuel surcharge on fuel purchases at all fuel stations across India; valid on transactions between ₹400 to ₹5,000 only; maximum benefit up to ₹400 per statement cycle; GST charged on fuel surcharge is non-refundable

Forex markup

3.5% on foreign currency transactions.3.50% of the Transaction Value

Dynamic currency conversion markup

3.5% + GST3.5% plus taxes on each international transaction performed in Indian currency at international location or with merchants registered in a foreign nation

Cash advance fee

2.5% (Min ₹500) of the Cash Amount.

Interest on unpaid balance

3.75% per month (55.55% annual)

Interest-free period

20 to 50 days interest-free when you pay in full.

Late payment fee

Nil if total payment due is up to ₹500; ₹500 if between ₹501 and ₹5,000; ₹750 if between ₹5,001 and ₹10,000; ₹1,200 if between ₹10,001 and ₹50,000; ₹1,300 if greater than ₹50,000

Over-limit fee

Over-limit Fees: 2.5% of Over-limit Amount (Min ₹500).

Payment return or dishonour fee

Cheque Return or Dishonour Fee or Auto Debit Reversal: 2% of payment amount; minimum ₹500.

Statement or duplicate statement fee

Duplicate Statement Fee: Waived

Card replacement fee

Replacement fee: Waived

Cash payment / cash deposit fee

Fees for Cash Payment at Branches: ₹175.

Education / school fee charge

Education Transaction Fee: 1% on each Education Payments made via third party apps for all Axis Bank credit cards.

Fee for paying the bill by cheque

Outstation cheque fee: Waived

Fee on online skill-based gaming spends

Online Skill-Based Gaming Transaction Fee: 1% on cumulative spends of ₹10,000 or more on online skill-based gaming platforms i.e. in a statement cycle.

Wallet load charge

Wallet Load Transaction Fee: 1% on cumulative spends of ₹10,000 or more on wallet loads per statement cycle.

What the card's fee or benefit year means

Anniversary Year is the period of 12 months from the date of issuance of the card and every 12-month period thereafter

Fuel transaction fee

1% fee on cumulative spends of ₹50,000 or more on fuel transactions per statement cycle.

Rent transaction fee

Rent Transaction fee: 1% of each Rental Transaction Amount for all Axis Bank Credit Cards.

Utility transaction fee

Utility Transaction Fee: 1% on cumulative spends of ₹25,000 or more on utilities per statement cycle.

GST note

GST, as notified by the Government of India, is applicable on all fees, interest and other charges, and is subject to change as per relevant regulations of the Government of India

Grace days after the due date

Grace period of 3 days from the payment due date, where payments are not overdue; the customer must clear dues by the payment due date mentioned in the credit card Statement.

Minimum amount due

Sum of all instalments, all Fees, interest / finance charges, taxes, the amount utilized over the credit limit (if any) and 2% of remaining balance outstanding, subject to a minimum of ₹100

Age the primary cardholder must be

Primary cardholder should be between 18 to 70 years of age.