Axis Bank REWARDS Credit Card

Axis Bank · Open to apply

Axis's everyday rewards card: 2 EDGE Reward points per ₹125, ten times that (20 points) at apparel and department stores on the first ₹7,000 a month, 1,500 bonus points on ₹30,000 of spend in a statement, two domestic lounge visits a quarter and ₹150 off Swiggy twice a month. Fee ₹1,000 joining and annual, waived at ₹2 lakh of spend.

Annual fee
₹1,000 + GST a year
Joining fee
₹1,000 + GST
Fee waiver
Annual fee waived on ₹2,00,000 spend per card year
Base rate
2 EDGE Reward points per ₹125 on all other spends: 2 EDGE Reward points per ₹125 (about 0.32% at cash value)
Lounges
Domestic: 2 visits a calendar quarter after ₹50,000 spend
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • 20 points per ₹125 (10X) at apparel and department stores, on the first ₹7,000 a statement: 20 EDGE Reward points per ₹125 up to ₹7,000; 2 EDGE Reward points per ₹125 above ₹7,000 (about 3.2% at cash value)

Earns nothing on

  • No points on transportation (cabs and local transport)
  • No points on tolls, utilities, telecom, insurance, education, government, wallet and wire transfers, rent, fuel, gift cards or EMI conversions

Where the sources disagree

  • Annual fee waiver spend: The migration-version T&C (PDF of 2024-04-23) says "no MCC restrictions" on the spend counted for the ₹2 lakh waiver; the current T&C and the 2025-06-20 notice exclude rent and wallet loads (and gift cards). The current documents are used.

Terms the calculator does not value

  • The 10X rate is tied to merchant category codes, not to a type of shop. Our categories (apparel, departmental stores for 5311, online shopping for 5311 and 5399) are the closest match, but online shopping also holds MCCs Axis does not list (5262, 5300, 5964, 5965, 5969) and a marketplace may be coded differently from the way a department store is. The accelerated value is therefore uncertain in both directions.
  • The ₹150 Swiggy discount (twice a month), the membership bouquet worth up to ₹1,000 a year and the Pay By Rewards cashback option are not valued by the calculator.
  • The T&C says "Transportation & Tolls" and "certain telecom" earn nothing without listing the codes. The transport codes (4111, 4121, 4131) are from the Citi migration page and are entered as the other-travel category except IRCTC and the online travel agencies, so car rental and other travel agents paid directly may be under-valued; the whole telecom category is excluded, which may over-exclude.
  • Cards migrated from Citi Rewards and CitiBusiness differ from a new card: no welcome points and no membership bouquet, a fee and waiver carried over from the Citi card, and points that do not expire. This file values a card issued today.

Sources

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