Axis Bank launched Axis Bank Rewards credit card

[TechnoFino]

Hi,
Axis bank launched axis rewards credit card, it might replace citi rewards credit card soon.



Charges:-
Joining Fees- Rs. 1000+GST
Annual Fees- Rs. 1000+GST
Annual fees reversal criteria- spend 2L in a year

Welcome Benefit:- Get 5000 bonus EDGE Points after spending Rs. 1000 within first 30 days.

Benefits:-
Lounge access- 2 domestic lounge access per quarter.
Swiggy- Get 30% instant discount on Swiggy up to INR 150 per month for a minimum transaction value of INR 200. Two times a month.
Fuel Surcharges Waiver- 1% fuel surcharge waiver on all fuel transactions between INR 400 to INR 5000, with a max cap of Rs.400 on wavier in the statement month.

Reward System-
2 EDGE reward point on every INR 125 spent.
No Reward Points On- Transportation & Tolls, Utilities, Insurance, Educational Institutions, Govt. Institutions, Wallet, Rent, Fuel.
10X (20 EDGE Points) EDGE Rewards on every INR 125 spent at Apparel & Department Stores.
Incremental 9X bonus points is subject to a cap of 1008 points, i.e. if you spend INR 7000 per statement month, you'll get maximum 1008 EDGE Points (9X)
1 Reward Point = Rs. 0.20
So,
core reward rate- 0.32%
10X reward rate- 3.2%
You can also transfer your EDGE points to partner airlines/hotels, transfer rate will be- 5 EDGE Points/10 EDGE Points= 1 Airmiles/Hotel Points (Just like Axis Select/Privilege Card).

Monthly Milestone Benefit- Earn 1500 bonus EDGE points every month after spending 30,000.
Excluded categories- Insurance, Wallet, Rent, EMI

My Opinion: Overall, the Axis Rewards Credit Card is a decent credit card option, but the reward rate may not be as attractive as some other cards at a similar price point. However, the card does offer some appealing benefits, such as lounge access, discount on Swiggy, the monthly milestone bonus and welcome bonus.

 

[Unleash]

I would suggest to convince them to close the card. Thats how i got Citi rewards ltf. They were forcing me same by providing waiver in annual fees on my Citi Shopper's Stop card. Said I do not use the card any longer. In place they swapped it with Rewards card that too ltf. They might have considered as i had their card for more than 5 years, but never used it much.

You can give a try, might work in your case. Support person i got was super polite and gave all details appropriately also emailed seperately about ltf.

 

[hritik_imhrs]

10x rewards points on apparel and departmental store, so is that online also
Like if I made the transaction on H&M or Zara or Myntra, will I get the 10x rewards points if I made the transaction through Axis Rewards Credit Card?

 

[VijayflyRaven]

I have axis Magnus and this seems interesting for me as I get HNI rate for rewards. Since Citi rewards is LTF for me, I might play this game for edge rewards > reserve for two categories.

 

[nirmalya]

This card has anniversary benefits of ₹1000. So, effectively one needs to pay the fees for the GST only. For ₹180 this is a decent card specially for Swiggy users since MyZone has been devalued and it is the next best thing after that.

 

[helloworld]

This card has anniversary benefits of ₹1000. So, effectively one needs to pay the fees for the GST only. For ₹180 this is a decent card specially for Swiggy users since MyZone has been devalued and it is the next best thing after that.

bouquet of memberships worth upto 1000 (is not equal to) 1000, IMO.

Note: If they provide SonyLiv subscription stating its annual fee 999, I wouldn't consider the value more than 400 (as per market price).

 

[Harry1]

bouquet of memberships worth upto 1000 (is not equal to) 1000, IMO.

Note: If they provide SonyLiv subscription stating its annual fee 999, I wouldn't consider the value more than 400 (as per market price).

You r rating Sony liv pretty high. People have got it for free from visa signature times prime offer😂.

 

[nirmalya]

bouquet of memberships worth upto 1000 (is not equal to) 1000, IMO.

Note: If they provide SonyLiv subscription stating its annual fee 999, I wouldn't consider the value more than 400 (as per market price).

Oh, is it? Do we know what are the redemption options?

 

[helloworld]

Oh, is it? Do we know what are the redemption options?

Don't know, maybe only those who completes 1 year can answer that (which still 6 months away).

Note: 'bouquet of memberships can change time to time without prior notice'. So today offers can't be guaranteed after 6 months.

 

[rajcasio]

I was having PAYTM CITI CC (499 + GST). During the beginning of the year they gave an offer to swap(PAYTM tieup ended) that CC for CITI REWARDS and i accepted it. Yesterday i saw 999+GST in my statement.
Should call CC to waive the annual fee or LTF or CLOSE the card.

 

[drsel]

Axis Rewards card -- I have not received a single reward point since 8 September, even after the statement is generated. now over 40 days have passed.
Not even received the welcome bonus 5000 points
@Subhankar
@Abhishek012
@anirban.choudhury

 

[binno]

Can axis rewards card holder answer some questions:
1.Is Axis rewards cc ltf possible ?
2.Citi rewards ltf converted to axis rewards paid or ltf ?
3.do we get 30%discount in swiggy from citi rewards ?

 

[drsel]

Can axis rewards card holder answer some questions:
1.Is Axis rewards cc ltf possible ?
2.Citi rewards ltf converted to axis rewards paid or ltf ?
3.do we get 30%discount in swiggy from citi rewards ?

1. No
2. Paid
3. No, there is no offer for Citibank Rewards card on swiggy

 

[binno]

1. No
2. Paid
3. No, there is no offer for Citibank Rewards card on swiggy

Do you hold axis rewards ?
If yes
Can we upgrade to this card from other axis cards through cust care ?

 

[rajcasio]

I was having PAYTM CITI CC (499 + GST). During the beginning of the year they gave an offer to swap(PAYTM tieup ended) that CC for CITI REWARDS and i accepted it. Yesterday i saw 999+GST in my statement.
Should call CC to waive the annual fee or LTF or CLOSE the card.

Annual fee reversed with GST

 

[drsel]

Do you hold axis rewards ?
If yes
Can we upgrade to this card from other axis cards through cust care ?

You can phone customer care.
they can do it if you don't already have three cards

 

[binno]

You can phone customer care.
they can do it if you don't already have three cards

Did .. They cant upgrade kiwi neither can airtel 🙂 have to wait for another 3 months

 

[vine]

This card looks good enough.. am I missing something bad about this card here:

Axis Bank Rewards Credit Card Features:

5,000 Reward Points on 1000 spends in first 30 days of issuance
1,500 Reward Points on 30,000 spends each month
1008 Reward Points on 7,000 spends on selected MCC each month

2 domestic lounge access per quarter
1% fuel surcharge waiver for spends ₹400 to 5k

Swiggy use AXIS30 - For 30% instant discount on minimum spend 200 and maximum discount of 150 two times of a calendar month (spends : min 200 & max 500 * twice p.m.)
So, 300*12 = 3600 per year. --- Great!

24x7 dedicated concierge service - what's this??

Customer is provided membership benefits upto INR 1000 on card anniversary year --- vague, doesn't look promising.

 

[binno]

This card looks good enough.. am I missing something bad about this card here:

Axis Bank Rewards Credit Card Features:

5,000 Reward Points on 1000 spends in first 30 days of issuance
1,500 Reward Points on 30,000 spends each month
1008 Reward Points on 7,000 spends on selected MCC each month

2 domestic lounge access per quarter
1% fuel surcharge waiver for spends ₹400 to 5k

Swiggy use AXIS30 - For 30% instant discount on minimum spend 200 and maximum discount of 150 two times of a calendar month (spends : min 200 & max 500 * twice p.m.)
So, 300*12 = 3600 per year. --- Great!

24x7 dedicated concierge service - what's this??

Customer is provided membership benefits upto INR 1000 on card anniversary year --- vague, doesn't look promising.

What membership ?

 

[Riva]

Foe someone who has M4B, will they get 5:4 conversion on the Edge Rewards earned from Axis Rewards cards as well or will there be a separate bucket?

Anyone having Axis Rewards and M4B can confirm?