Axis Bank launched Axis Bank Rewards credit card

[TechnoFinoTechnoFino is verified member.]

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.

 

[TheTrickySid]

Any tricks or tricks to convert this axis rewards credit card into lifetime free?? Any possibility

Did you tried to close it and see what the retention team offered.

 

[mailmenow]

I have pre-approved card offer for rewards card,ace,atlas, privilege,etc. so any option to convert rewards card or ace card to ltf?

 

[Credit_Cards]

I have pre-approved card offer for rewards card,ace,atlas, privilege,etc. so any option to convert rewards card or ace card to ltf?

wow thats lot of cards, are you opting for any?

Recent times Axis is not converting Cards to LTF easily

 

[iamvk]

Did you tried to close it and see what the retention team offered.

They don't. You are free to close

 

[mailmenow]

0

wow thats lot of cards, are you opting for any?

Recent times Axis is not converting Cards to LTF

I am only interested to take Airtel rupay actually. But they simply rejected my application. So if they convert axis rewards card, then only plans to take it

 

[nirmalya]

Any tricks or tricks to convert this axis rewards credit card into lifetime free?? Any possibility

I have applied this recently as LTF under corporate offer through offline agent near my office. They were also offering LTF Privilege and Select card also under the same offer.

For your case, since you are existing customer, I don't think there is any other way than negotiating with customer care or retention team.

 

[mailmenow]

I have applied this recently as LTF under corporate offer through offline agent near my office. They were also offering LTF Privilege and Select card also under the same offer.

For your case, since you are existing customer, I don't think there is any other way than negotiating with customer care or retention team.

Corporate officer means?

 

[Riva]

I have applied this recently as LTF under corporate offer through offline agent near my office. They were also offering LTF Privilege and Select card also under the same offer.

For your case, since you are existing customer, I don't think there is any other way than negotiating with customer care or retention team.

Under corporate offer means your company has tied up with Axis as banking partner for salary? Do you have a poster or any info for this offer? Also is it only for new cards?
Asking because even I have axis as a corporate banking partner, so maybe I can try to convert it to LTF under this corporate offer.

 

[nirmalya]

Under corporate offer means your company has tied up with Axis as banking partner for salary? Do you have a poster or any info for this offer? Also is it only for new cards?
Asking because even I have axis as a corporate banking partner, so maybe I can try to convert it to LTF under this corporate offer.

I don't have any poster for this, they just set up a temporary kiosk outside my office. But if you need the agent details I can provide you the number if you DM me. I think it will be only applicable for fresh application, if you have applied via some other channel and if it is a paid card the agent won't be able to help.

 

[Riva]

I don't have any poster for this, they just set up a temporary kiosk outside my office. But if you need the agent details I can provide you the number if you DM me. I think it will be only applicable for fresh application, if you have applied via some other channel and if it is a paid card the agent won't be able to help.

Thanks,
Yea, I already have the card. It's a paid Citi rewards card which is migrated to Axis Rewards and is still paid.
And you could be right, it may be for new cards. Also if they set a Kiosk, then the offer could be targeted and not for everyone. But I will try to check with my Axis bank corporate banker if this offer is on.