Axis Bank REWARDS Credit Card
A rewards card earning 2 EDGE REWARD Points per ₹125 (points valued at ₹0.20) and 20 per ₹125 at apparel and department stores on the first ₹7,000 a statement month, with 1,500 bonus points on ₹30,000 of monthly spend; currently lifetime free on the American Express network. Every figure below is copied from Axis Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-16.
Fees and charges
| Joining fee | Nil Product page |
|---|---|
| Annual fee | Nil Product page |
| Annual fee waiver | On ₹2,00,000 of spend in the year Terms |
| GST on fees | As applicable (18% assumed in calculations) |
| Foreign-currency markup | 3.5% of the transaction, plus GST Product page |
| Nil joining and annual fees are a limited-period offer on the American Express network; the MITC and the card's terms list ₹1,000 joining and ₹1,000 annual (waived on ₹2 lakh of spend in the card anniversary year). Fees are plus GST. | |
Rewards
Reward points, ₹0.20 each when redeemed as stated Product page.
| Spend | Earns | Cap |
|---|---|---|
| Eligible spends | 2 points per ₹125 Product page | no cap on record |
Apparel and department-store spends earn 20 points per ₹125 on the first ₹7,000 a statement month (2 per ₹125 above that); CardWise does not price this category. Reward redemption is free; statement-credit redemption needs at least 2,500 points.
No rewards on
- Utilities and certain telecom, insurance, education, government, wallet, rent and fuel (also transportation and tolls, and gift cards) Terms
Benefits
- Lounges: 2 visits a quarter to select domestic airport lounges — ₹50,000 of eligible spend in the previous 3 calendar months Product page
- Fuel: 1% fuel surcharge refunded on fills of ₹400 to ₹5,000, up to ₹400 a statement cycle Product page
- Welcome: 5,000 EDGE REWARD Points on ₹1,000 of spend within 30 days of issue; not for lifetime-free or migrated cards Product page
- Milestone: 1,500 EDGE REWARD Points in every statement month with ₹30,000 of net spend Product page
Also on this card
Quoted from Axis Bank; not counted in the net value.
- 20 EDGE REWARD Points per ₹125 at apparel and department stores, on up to ₹7,000 a statement month Terms
- ₹150 off Swiggy orders of ₹500 or more, twice a calendar month Product page
- Bouquet of memberships worth up to ₹1,000 every anniversary year (not for lifetime-free cards) Product page
- Purchase protection up to ₹1 lakh and a ₹1 lakh credit shield Product page
Eligibility
- Primary cardholder aged 18 or above Product page
- Primary cardholder aged 70 or below Product page
- Resident of India Product page
The issuer publishes only part of its criteria; approval rests on its own assessment.
Not published by Axis Bank in the documents read
- a RuPay variant for UPI
- a minimum income
Where Axis Bank’s documents differ, and what is used
- Fees: the product page and the card listing show nil joining and annual fees as a limited-period, lifetime-free offer on the American Express network; the MITC and the card's terms list ₹1,000 joining and ₹1,000 annual (waived on ₹2 lakh of spend). The current offer is used; a card issued outside the offer would cost ₹1,000 plus GST a year unless ₹2 lakh is spent.
The quotes behind the figures
32 figures, each copied from an official Axis Bank document.
Show every quote and source
“Joining Fee ₹NIL (Limited period offer on Amex Network)”
“Standard annual Fee (2nd year Onwards) ₹NIL (Limited period offer on Amex Network)”
“A Card member shall be exempted from the Annual Fee of the anniversary year in which INR 2 lakhs or more is spent on the Card.”
“Foreign currency transaction fee 3.50% of the Transaction Value”
“The Redemption Value of Each EDGE REWARD Point = ₹0.20”
“Unlimited 2 EDGE REWARD Points earned on every ₹125 spend.”
“Cardholder shall earn 2 EDGE REWARD points (1EDGE rewards =INR 0.20) reward point on every INR 125 spent on the Credit Card and in multiples thereof.”
“No reward points are earned on fuel transactions.”
“Excluded spend categories for reward earn: Transactions made on Transportation & Tolls, Utilities and certain Telecom, Insurance, Educational Institutions, Govt. Institutions, Wallet/ Wire Transfer, Rent & Fuel.”
“REWARDS Credit Card 1000 1,000 (Waived on spends of INR 2,00,000 in the preceding card anniversary year*)”
“Rent Transaction, Wallet Load Transactions and Gift Card will not be eligible for spends calculation in availing annual fee waiver.”
“Credit of incremental 9X bonus points is subject to a cap of 1008 points (i.e., 9X of INR 7000/125) per statement month.”
“Access to domestic airport lounges is based on a minimum eligible spend of ₹50,000 in the previous 3 calendar months.”
“Not applicable on Lifetime free and migrated card.”
“Cardholder shall earn 1500 bonus EDGE REWARD Points on cumulative net spends (purchase net of refunds / reversals) of greater than or equal to INR 30,000 in a statement month.”
“The Offer is applicable only twice a calendar month per Card.”
“Credit shield of ₹1 lakh.”
“Reward redemption fee Waived”
“Annual Fee: ₹NIL (This card is currently Lifetime Free on the Amex Network) Know More Apply Now”
“Enjoy 2 complimentary lounge access per quarter at select domestic airports with your REWARDS Credit Card.”
“Fuel transaction surcharge 1% of transaction amount (Refunded for fuel transactions between ₹400 and ₹5,000)”
“Valid on transactions between ₹400 to ₹5,000 only; maximum benefit up to ₹400 per statement cycle.”
“Enjoy 5,000 EDGE REWARD Points on cumulative net spends of ₹1,000 or above within 30 days of card issuance.”
“Earn 1,500 EDGE REWARD points on net spends of ₹30,000 per statement cycle.”
“Cardholder shall earn 20 EDGE REWARD points on every INR 125 spent and in multiples thereof for Transactions done at apparel & departmental stores.”
“₹150 instant discount on Swiggy on a minimum Transaction value of ₹500”
“Enjoy a bouquet of memberships up to ₹1,000 every anniversary year.”
“Purchase protection cover up to ₹1 lakh”
“Best Seller Lifestyle Travel Fuel Shopping Axis Bank REWARDS Credit Card”
“Primary cardholder should be between 18 to 70 years of age”
“Applicant should be a Resident of India”
“Applicant should be a Resident of India Please note that this list is only indicative. Documents required may vary on a case-to-case basis. APPLY NOW”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with Axis Bank or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is Axis Bank’s own file from its website, unaltered, fetched 2026-10-15. Methodology