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Axis Bank launched Axis Bank Rewards credit card

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

reward-credit-card-banner-480x340.jpg

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.
 
Hi,
Axis bank launched axis rewards credit card, it might replace citi rewards card soon.
View attachment 10988

5000 bonus edge points on joining
1500 bonus edge points every month after spending 30,000.
Annual fees - 1000 + GST
Annual fees reversal criteria- spend 2L in a year
I have CITI Rewards credit card, but it is paid and I am thinking to close it as no use.

Also, there is less chance Axis will replace it with any other Axis cards till end of 2024.
 
Citi Rewards card needed only 30k spend for annual fee 1000 reversal. This Axis Rewards card need 2L spend.
If this gets offered to Citi Rewards people, its better to close Citi Rewards card. Not sure if anyone have Citi Rewards LTF and it will be offered as LTF Axis Rewards card.
 
Hi,
Axis bank launched axis rewards credit card, it might replace citi rewards credit card soon.

View attachment 10988

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.
This might be the first and only Citi product to be "rebadged" as Axis. Since, Axis already has other Citi cards similar to it's own portfolio (IOCL vs IOCL, Cashback Vs Ace, Premiles Vs Atlas), so with this card Axis will fully compensate Citi's card business, Keeping aside their unmatched customer support which will not let Citi costumers forget Citi ever !!
 
Last edited:
This might be the first and only city product to be "rebadged" as Axis. Since, Axis already has other Citi cards similar to it's portfolio (IOCL vs IOCL, Cashback Vs Ace, Premiles Vs Atlas), so with this card Axis will fully compensate Citi's card business, Keeping aside their unmatched customer support which will not let Citi costumers forget Citi ever !!
Absolutely right! Axis better invest some amount for customer service otherwise they will lose citi customers drastically, more than 3 years using citi….
 
Don’t close now ,they may transfer citi credit limit to axis cards! My guess
I already have 3 lakh limit on my Ace card. If I wait for limit transfer till end of 2024, I need to pay renewal fee of Citi rewards credit card which is Rs. 1180.

I am not ready to pay that just for credit limit 😆.

I have set reminder on 30 April, till the time if Axis comes with any replacement plan then will see else close the rewards card.
 
I already have 3 lakh limit on my Ace card. If I wait for limit transfer till end of 2024, I need to pay renewal fee of Citi rewards credit card which is Rs. 1180.

I am not ready to pay that just for credit limit 😆.

I have set reminder on 30 April, till the time if Axis comes with any replacement plan then will see else close the rewards card.
Did you get 3 lakh limit in Ace Card or asked PNO to remove per card limit?
 
Bro do u know that can we convert edge reward points to Airmiles of Axis myzone card ???
I took Myzone just it was LTF + I needed first Axis card + there was 1or 2K cashback on cashkaro app.

My target is Axis Ace which I got, next Axis Airtel and Axis flipkart LTF.

There was not much spending on MyZone as I have other cards.
 
I already have 3 lakh limit on my Ace card. If I wait for limit transfer till end of 2024, I need to pay renewal fee of Citi rewards credit card which is Rs. 1180.

I am not ready to pay that just for credit limit 😆.

I have set reminder on 30 April, till the time if Axis comes with any replacement plan then will see else close the rewards card.
Before 30th April they linked all cards to axis , they now jet speed to capture citi customer base and having full access of base.
 
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