Axis Select Credit Card

About Axis Select Credit Card

Are you earning over ₹50,000 a month but still using a basic entry-level credit card? You might be leaving significant value on the table. The Axis Select Credit Card is designed to bridge the gap between everyday spending and premium lifestyle rewards.

This card offers a massive head start with 10,000 reward points just for starting out. With each point valued at ₹0.25, you are essentially getting ₹2,500 back in value right after your first purchase. It is a straightforward way to offset the joining costs while accessing a higher tier of banking perks.

Built for professionals earning ₹6 lakh or more annually, this card works best for those who want a reliable primary card for retail spending. Whether you are shopping for apparel or dining out, the EDGE reward system ensures your expenses contribute to your next big redemption.

What sets it apart:

• High-Value Welcome: Get 10,000 reward points (worth ₹2,500) simply by making your first transaction within 30 days.
• Solid Reward Value: Every point you earn is worth ₹0.25, making the math simple when you look at the EDGE Rewards catalogue.
• Professional Entry: Unlike ultra-premium cards requiring massive salaries, this is accessible to mid-level professionals with a ₹50,000 monthly income.

Quick check: To qualify, you will need a minimum monthly income of ₹50,000 and a credit score (CRIF) of at least 720. Both salaried and self-employed individuals between the ages of 21 and 60 can apply.

Let's break down why this card might be the right fit for your wallet:

Key Benefits and Features of the Axis Select Credit Card

The Axis Select Credit Card focuses on rewarding your retail loyalty through the EDGE REWARDS program. Here is a detailed look at how the card delivers value and what it costs to maintain.

Generous Welcome Bonus

When you get the Axis Select Credit Card, the bank rewards you for simply using it. If you complete your first card transaction within the first 30 days of card activation, you receive 10,000 EDGE Reward points. Since the redemption rate is ₹0.25 per point, this welcome gift is worth ₹2,500. To trigger this, you only need to make a minimum transaction of ₹100. This effectively brings your first-year net cost down to just ₹500.

Reward Redemption and Value

The card uses the Axis Bank EDGE REWARDS platform. Unlike some cards that have confusing conversion ratios for different categories, the Select card keeps it simple. You can browse the redemption catalogue for various products and vouchers. With a fixed value of ₹0.25 per point, you always know exactly how much your accumulated points are worth in real-world currency.

Annual Fees and Maintenance

The card comes with a joining fee of ₹3,000 and an annual fee of ₹3,000. While this is a mid-range fee, the welcome points significantly lower the burden in the first year. It is important to note that you must activate the card and spend at least ₹100 within the first month to be eligible for the rewards; otherwise, you miss out on the primary value proposition of the card's entry phase.

Eligibility and Credit Requirements

The bank has clear criteria for who can access this card. You need to be between 21 and 60 years old. If you are salaried, a monthly income of ₹50,000 is the benchmark. For self-employed individuals, the bank looks for a stable business history (minimum 6 years in business). A credit score of 720 or higher is required to ensure a smooth approval process. This ensures that the card remains a tool for those with a disciplined financial track record.

Important Spend Exclusions

To maximize your benefits, you need to know where the card does not earn rewards. The Axis Select Credit Card excludes several categories from point accumulation. You will not earn rewards on:

• Fuel purchases and EMI transactions
• Wallet loading and rent payments
• Government-related payments and utility bill payments
• Insurance premiums and educational fees
• Jewellery purchases and cash advances

Because of these exclusions, this card should be used primarily for shopping, dining, and general retail rather than for paying monthly bills or taxes.

How to Apply for the Axis Select Credit Card

The application process for the Axis Select Credit Card is straightforward and can be completed online. Follow these steps to start your application:

1. Check Your Eligibility: Before applying, ensure your monthly income is at least ₹50,000 and your credit score is above 720.
2. Visit the Official Portal: Navigate to the Axis Bank website or use a trusted partner link to access the credit card application page.
3. Fill in Personal Details: Enter your mobile number, PAN card details, and professional information.
4. Submit Documentation: You will be required to provide digital copies of your identity and income proof. Ensure your salary slips reflect the ₹50,000+ requirement.
5. Verification Call: An Axis Bank representative may call you to verify the details or schedule a physical KYC (Know Your Customer) visit if required.
6. Card Approval and Dispatch: Once the bank verifies your documents and credit history, the card is approved and dispatched to your registered address.

The bank may offer a different card variant based on your specific eligibility during the process. Always review the features of the specific card variant offered before you finalize your application.

Credit Limit: What to Expect

Credit limits are assigned based on your income, credit score, and existing banking relationship. Most applicants receive a limit ranging from ₹1,00,000 to ₹3,00,000 depending on their specific profile.

For a card requiring a ₹50,000 monthly income, starting limits fall between 2 to 3 times your monthly salary. Maintaining a high credit score and a low debt-to-income ratio will help you secure a higher limit. You can request a limit increase after 6-12 months of disciplined usage and timely bill payments.

Comparison Table: Axis Select vs. Competitors

To understand if the Axis Select is right for you, we compared it with other popular cards in the same fee bracket.

Feature	Axis Select Credit Card	HDFC Regalia Gold	SBI Card Elite	ICICI Sapphiro
Annual Fee	₹3,000	₹2,500	₹4,999	₹3,500
Welcome Benefit	10,000 EDGE Points (₹2,500 value)	Vouchers worth ₹2,500	Vouchers worth ₹5,000	Vouchers worth ₹9,000+
Reward Rate	1 Point = ₹0.25	~1.33% (4 pts per ₹150)	~2% (5 pts per ₹100)	Variable (Point-based)
Winner For	Axis Ecosystem Loyalty	Travel & Milestones	High Spend Rewards	Premium Lifestyle Perks

The Axis Select is a strong contender if you are already an Axis Bank customer and want to consolidate your rewards in the EDGE system. While the SBI Elite offers a higher reward rate, its annual fee is significantly steeper. The Axis Select provides a balanced middle ground for those who want a premium feel without a ₹5,000 price tag.

Documents Required for Axis Select 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 showing salary credits
• 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 may request additional documents during the verification phase to confirm your 6-year business vintage if you are self-employed.

Who Should Get This Card?

Should you get this card? It depends on your spending habits. Here is who benefits most:

The Retail Enthusiast: If you are a professional earning ₹60,000 a month and spend heavily on weekend shopping and dining, this card is a great fit. You can earn points on every retail swipe and redeem them for a variety of products in the EDGE catalogue. If you spend ₹20,000 monthly on eligible categories, you could see substantial reward accumulation by the end of the year.

The New Premium User: If you have been using basic cards like the Axis Neo or Ace and want to move up the ladder, the Select is the natural next step. It offers a more prestigious tier of banking and a much larger welcome bonus that almost pays for the card itself in the first year.

The Corporate Employee: For those with a steady salary and a high credit score (720+), this card offers a smooth application process. If you want a card that "just works" for your daily lifestyle expenses without needing to track complicated rotating categories, this is for you.

You might want to skip this card if:

• Your primary expenses are rent, utilities, and insurance. Since these are excluded from rewards, you won't earn anything on your biggest monthly bills.
• You are looking for a card specifically for fuel savings, as fuel is an excluded category for rewards here.

BankKaro Expert Review

Based on the card's features, the Axis Select excels at providing a premium entry point into the Axis Bank reward ecosystem. The welcome benefit of 10,000 points is its strongest feature, as it effectively nullifies the majority of the joining fee. This makes it a low-risk card for those who meet the income criteria.

However, the biggest limitation is the extensive list of excluded categories. In today's market, many users spend a large portion of their monthly budget on utilities, rent, and education. The fact that these do not earn rewards on the Axis Select is a significant drawback compared to some cashback-focused competitors.

Our verdict: Choose this card if you want a lifestyle card for shopping and dining, and you value a simple, fixed-value reward system. It is a solid, dependable card for the mid-to-high income segment, provided you have other ways to pay your utility bills to maximize savings elsewhere.

Terms and Conditions

The Cardholder Agreement included in your welcome kit governs all terms and usage. Please keep these specific points in mind:

• The welcome reward points are only credited if you make a transaction of at least ₹100 within 30 days of card activation.
• Reward points are not earned on fuel, EMI, wallet loads, jewellery, or government payments.
• The bank reserves the right to offer a different card variant based on your final credit assessment.
• Standard interest rates and late payment charges apply if the full balance is not paid by the due date.