I am also holding this card because my first card is from CITI, yesterday itself i received the new card from Axis Bank, I too keeping this card because this is the first card, My calculation is different as for every 125 spent on apparels we can get 20 reward points due to 10X. So if we exchange it for vouchers like amazon pay for 1000/- GV costs 5000 points. 3.2% is there in reward redemption, correct me if i am wrong.