Axis Rewards Credit Card

About Axis Rewards Credit Card

Ever feel like your credit card takes more in fees than it gives back in value? The Axis Rewards Credit Card flips that script starting from day one. If you are looking for a straightforward way to turn your regular monthly expenses into tangible savings, this card provides a practical path to do just that.

This card effectively pays for itself the moment you start using it. By spending just ₹1,000 within the first 30 days, you earn 5,000 EDGE REWARD points. With a conversion rate of ₹0.25 per point, that is a ₹1,250 value, which more than covers your ₹1,000 joining fee. It is built for young professionals and early-career earners who bring home at least ₹30,000 monthly and want a reliable companion for food orders and travel.

What sets it apart:

• → Immediate Profit: The welcome bonus value (₹1,250) exceeds the joining fee (₹1,000) within the first month.
• → Foodie's Favorite: Enjoy up to ₹300 in monthly Swiggy discounts, a feature often reserved for more expensive premium cards.
• → Accessible Luxury: Unlike many entry-level cards, this one offers 2 complimentary domestic lounge visits every quarter.

Quick check: To qualify, you will need a minimum monthly income of ₹30,000 and a credit score (CRIF) of 720 or higher. Whether you are salaried or self-employed, the entry barrier is kept low to help you start your credit journey on a high note.

Let's break down why this card stands out in a crowded market:

Key Benefits and Features of the Axis Rewards Credit Card

The Axis Rewards Credit Card is designed to provide value across three main pillars: food, travel, and reward points. Here is a detailed look at how these features put money back in your pocket.

Welcome Rewards: Getting Started with a Gain

Most cards ask you to pay a fee and then wait months to see the benefits. This card works differently. When you pay your joining fee of ₹1,000 and spend just ₹1,000 on the card within 30 days, you receive 5,000 EDGE REWARD points. Since 1 reward point equals ₹0.25, you are essentially getting ₹1,250 back. This means you start your relationship with the bank with a net gain of ₹250.

Dining Benefits: The Swiggy Advantage

If you order food frequently, this benefit alone can save you thousands annually. You get instant discounts on Swiggy food orders up to ₹150, and you can use this offer twice every calendar month.
Quick math: Saving ₹300 per month on Swiggy adds up to ₹3,600 in annual savings. This is more than 3.5 times the annual fee of the card.

Travel Perks: Complimentary Lounge Access

Airport comfort is usually expensive, but this card makes it accessible. You get up to two complimentary visits to select domestic lounges every quarter. For someone who travels for work or leisure once or twice every three months, these eight annual visits provide immense value in terms of food, beverages, and a quiet place to rest, easily worth over ₹6,000 in market value.

Ongoing Rewards and Anniversary Benefits

Every time you swipe, you earn points that can be redeemed through the EDGE REWARDS catalogue. Additionally, the card offers a Bouquet of Membership Benefits worth up to ₹1,000 every anniversary year. This ensures that even after the first year, the card continues to justify its presence in your wallet.

Fuel Surcharge Waiver

Rising fuel prices are a concern for everyone. With this card, you get a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000. You can save up to ₹400 per statement cycle, ensuring that your commute does not eat into your savings.

Fees and Annual Waiver

The card comes with a joining fee of ₹1,000 and an annual fee of ₹1,000. However, the bank provides a clear path to make this card free for life. If you spend ₹2,00,000 or more in the preceding anniversary year, your annual fee is completely waived. For someone spending roughly ₹17,000 per month, this waiver is easily achievable.

How to Apply for the Axis Rewards Credit Card

The application process is straightforward and can be completed online or offline. Follow these steps to get your card:

1. Step 1: Check your eligibility. Ensure you are between 21-60 years old and meet the minimum income requirement of ₹30,000 per month (3 LPA).
2. Step 2: Visit the official portal. Go to the Axis Bank website or a trusted partner platform to start the digital application.
3. Step 3: Fill in the details. Enter your personal information, employment type (salaried or self-employed), and contact details.
4. Step 4: Verify your credit score. The bank will check your CRIF/CIBIL score. A score of 720+ is required for a smooth approval.
5. Step 5: Documentation. Keep your PAN card and address proof ready for the digital KYC process.
6. Step 6: Activation. Once the card is delivered, you must make a minimum transaction of ₹100 within 30 days to activate the card. This is mandatory to stay eligible for the 5,000-point welcome reward.

Processing takes 7 to 10 working days, depending on your location and the status of your document verification.

Credit Limit and What to Expect

Credit limits for the Axis Rewards Credit Card are assigned based on your income, credit score, and existing banking relationship. If you are earning the minimum required income of ₹30,000 per month, expect a starting limit that aligns with your monthly earnings. However, the bank has the sole discretion to determine the final limit. To improve your chances of a higher limit, ensure your credit score is healthy and your debt-to-income ratio is low. Credit limits for this segment range from ₹50,000 to ₹3,00,000 based on your individual income profile and credit history.

Comparison Table: Axis Rewards vs. Competitors

To help you decide, we have compared the Axis Rewards Credit Card with some of the most popular cards in the same category.

While the SBI Cashback card offers higher percentages for online shopping, it lacks the domestic lounge access and Swiggy-specific discounts that come with the Axis Rewards card. If your lifestyle includes frequent dining and occasional travel, the Axis Rewards card provides a more balanced set of lifestyle perks for a similar price point.

Documents Required for Axis Rewards Credit Card Application

You will need to submit the following documents when applying:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), Rent Agreement, or Property Tax Receipt
• Income Proof: Latest 3 months salary slips and 6 months bank statements
• Employment Proof: Office ID card or employment letter

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), or Property Documents
• Income Proof: Latest 2 years ITR with computation of income, 6 months bank statements, and CA-certified financials
• Business Proof: Business registration certificate, GST registration (if applicable), or Shop Act License

Note: All documents must be self-attested. The bank will request additional documents during verification as needed.

Who Should Get This Card?

Should you get this card? Here is who benefits most from the Axis Rewards Credit Card:

The Urban Foodie

If you are someone who orders from Swiggy at least once a week, this card is a no-brainer. With ₹150 off twice a month, you are looking at ₹3,600 in annual savings. If your typical order is ₹500, you are getting a massive 30% discount just for using the right card. This persona alone recovers the annual fee three times over.

The Domestic Traveler

You might be a young consultant or a sales professional who travels between Indian metros. Paying for airport food and a comfortable chair can cost ₹800-₹1,200 per trip. With 8 complimentary lounge visits a year, you are getting nearly ₹8,000 worth of travel comfort for a ₹1,000 fee. This makes it one of the most affordable "travel" cards on the market.

The Practical Reward Collector

If you spend around ₹15,000 to ₹20,000 a month on a mix of groceries, shopping, and fuel, you will easily hit the ₹2,00,000 annual spend mark. This makes the card effectively free while you continue to accumulate EDGE points for every transaction. It is perfect for those who want a "set it and forget it" card that rewards regular lifestyle habits.

You might want to skip this card if:

• You spend heavily on international travel (this card is focused on domestic perks).
• You want pure cashback credited to your statement rather than reward points.
• You primarily shop on a single platform like Amazon or Flipkart, where co-branded cards might offer 5% back.

BankKaro Expert Review

Based on the card features, the Axis Rewards Credit Card excels at being a high-value entry-level card. Most cards in the ₹1,000 fee bracket struggle to offer a welcome bonus that actually covers the joining fee, but Axis has managed to do that here. The inclusion of two lounge visits per quarter is exceptionally generous for a card that only requires a ₹30,000 monthly income.

However, the biggest limitation is the reward conversion rate. At ₹0.25 per point, it is not the most aggressive wealth-builder for high spenders. The exclusion list for earning points is also quite long, covering everything from rent and insurance to utilities and government payments. This means you cannot use this card for "boring" bills if you want to maximize rewards.

Our verdict: Choose this card if you want a lifestyle card that pays for your airport lounge visits and Swiggy meals. It is a fantastic "secondary" card to have in your wallet specifically for dining and domestic travel. It turns the mundane task of paying for lunch into a way to travel more comfortably.

Terms and Conditions

Please keep the following terms in mind to ensure you get the most out of your Axis Rewards Credit Card:

• The bank may offer a different card variant based on your eligibility. Please carefully read the features of the card offered before submitting your application.
• A minimum transaction of ₹100 within 30 days is required to activate the card; otherwise, you will not be eligible for the Welcome Rewards.
• Reward points are not earned on fuel, EMI transactions, wallet loads, jewelry, rent, insurance, and government-related payments.
• The annual fee waiver of ₹2,00,000 is calculated based on the net spends in the preceding anniversary year.

Full terms and conditions are available in the MITC document provided with your card welcome kit.