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Axis Bank Rewards Credit Card
A no-frills entry-level card built for everyday grocery and department-store spend, where it earns a bonus EDGE Reward Point rate instead of the flat 0.5% base rate that applies everywhere else. The ₹500 joining and annual fee is easy to clear, and the annual fee waives itself once yearly spend crosses ₹1.5 lakh, making it a reasonable starter card for someone who mostly wants a functional card for routine purchases rather than travel or lifestyle perks.
Annual fee
₹500
Joining fee
₹500
Reward type
points
Base reward rate
0.5%
Card network
Mastercard
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in groceries. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 0.5% base rate
- Domestic lounge access: 2 complimentary domestic lounge visits per calendar quarter at select airports, subject to Rs50,000 spend in the preceding 3 months
Benefits by category
- 🛒 Groceries
1% reward rate
- ✈️ Travel
2 complimentary domestic lounge visits per quarter at select airports, available on Rs50,000 spend in the previous 3 calendar months
- ⛽ Fuel
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at any fuel station in India, capped at ₹400 in surcharge waived per statement cycle
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹18,000
- Employment: salaried, self-employed
- Age: 18–70
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹1,50,000
- Rewards redemption fee: ₹99 redemption processing fee applies on EDGE Reward point redemptions for vouchers/statement credit
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹400 per statement cycle
- Cash advance charges: 2.5% of the cash amount withdrawn, minimum ₹500
Benefits
- Bonus EDGE Reward Points credited automatically after the first transaction, as long as it's made within 30 days of card issuance — no separate registration needed
- 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at any fuel station in India, capped at ₹400 in surcharge waived per statement cycle
- 2 complimentary domestic lounge visits per quarter at select airports, available on Rs50,000 spend in the previous 3 calendar months
Pros
- + Low ₹500 joining and annual fee, waived from year two once annual spend crosses ₹1.5 lakh
- + Doubled reward rate (1%) on grocery spend versus the 0.5% base rate
- + Fuel surcharge waiver on transactions between ₹400 and ₹4,000
- + Welcome bonus points credit automatically on the first transaction, no extra steps
- + Accepted at a wide base of merchants via the Mastercard network
Cons
- − 0.5% base reward rate on non-grocery spend is well below competing entry cards
- − Lounge access is limited to 2 domestic visits a quarter and needs Rs50,000 spend in the previous 3 months; no international or milestone travel perks
- − Only one bonus category (groceries) — no dining, online shopping, or utility multipliers
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