Axis Rewards Credit Card: A Detailed Review & Comparison
The Axis Bank Rewards Credit Card offers a blend of cashback and reward points, making it a versatile option for various spending habits. This review delves into its features, benefits, drawbacks, and compares it to other Axis Bank cards.
Key Features and Benefits
- Welcome Benefit: 5,000 EDGE Reward Points on spending ₹1,000+ within 30 days.
- Reward Points: Earn 2 EDGE Reward Points per ₹125 spent (with accelerated 10X points on departmental and apparel store spending).
- Membership Benefits: Up to ₹1,000 worth of memberships annually on card anniversary.
- Milestone Benefits: 1,500 EDGE Reward Points on monthly spends of ₹30,000 or more.
- Swiggy Discount: 30% off on Swiggy (up to ₹150, twice monthly).
- Dining Delights: 15% off at participating restaurants.
- Domestic Lounge Access: 2 complimentary domestic airport lounge accesses per quarter.
- Fuel Surcharge Waiver: 1% waiver (up to ₹400 per statement cycle).
- Insurance: Purchase protection cover up to ₹1 lakh and travel insurance benefits.
Image Credit: Card Insider
Drawbacks
- No international lounge access.
- No golf benefits.
- High interest rate (3.75% monthly).
Fees and Charges Comparison
| Card | Joining Fee | Annual Fee | Interest Rate (p.a.) |
|---|---|---|---|
| Axis Rewards Credit Card | ₹1,000 + GST | ₹1,000 + GST (waived on ₹2,00,000+ annual spend) | 55.55% |
| Axis My Zone Credit Card | Lifetime Free (Limited Time) | Lifetime Free (Limited Time) | 55.55% |
| Flipkart Axis Bank Credit Card | ₹500 + GST | ₹500 + GST | 55.55% |
Use Cases
Let's see how the Axis Rewards Credit Card performs in different scenarios:
Scenario 1: Online Shopping Spree
A shopper spends ₹30,000 on apparel and departmental stores.
| Spend Category | Amount (₹) | Reward Points Earned | Point Value (₹0.20/point) |
|---|---|---|---|
| Apparel & Departmental Stores | 30,000 | 2400 (10X) | 480 |
| Total | 30,000 | 2400 | 480 |
Scenario 2: Monthly Groceries and Dining
Someone spends ₹10,000 monthly, ₹5,000 on groceries and ₹5,000 on dining, utilizing Swiggy discount.
| Spend Category | Amount (₹) | Reward Points | Swiggy Discount | Total Value |
|---|---|---|---|---|
| Groceries | 5,000 | 80 | - | 16 |
| Dining (Swiggy) | 5,000 | 80 | 150 | 16+150=166 |
| Total | 10,000 | 160 | 150 | 182 |
Image Credit: Card Insider
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