Axis Bank REWARDS Credit Card

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Axis Bank REWARDS is an entry-level EDGE Rewards credit card with 10X points on apparel and departmental stores, monthly milestone points, domestic lounge access (spend gated), Swiggy discount, fuel surcharge waiver, and a fee waiver at ₹2L annual spends.

Score breakdown

Data completeness: 95% · Last verified: 06 Jul 2026

Reward value12/100 · weight 65%

≈ 0.64% effective on the standard basket (eligible spend only)

Wide-coverage rewards: +0.6% score bonus — earns broadly without narrow category restrictions.

No rewards on: government, wallet_load, rent, education, utilities, fuel, insurance. Reward score is scaled by ×(1 − 4.8%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.

Fee efficiency91/100 · weight 11%

Redemption flexibility75/100 · weight 8%

Perks44/100 · weight 8%

Devaluation risk70/100 · weight 8%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee: ₹1,000 + 18% GST
= ₹1,180 total
Annual fee: ₹1,000 + 18% GST
= ₹1,180 / year total

Lounge access

Domestic (per year): 8
International (per year): 0
Per quarter: 2 dom + 0 intl

Conditional: ₹50,000 spends in the previous 3 calendar months required

Confirmed devaluation alerts

No confirmed devaluations tracked for this card. That doesn't mean none exist — see the neutral 70/100 devaluation-risk sub-score above.

Reward structure

Category	Type	Rate	Cap	Notes
apparel	points	3.20%(16 pts @ ₹0.20)	₹1,008 / monthly	10X on apparel: 20 EDGE points/₹125 (2 base + 18 bonus) = ~3.2% at ₹0.20/pt. Bonus capped at ₹7,000 spend/statement (~1,008 bonus points ≈ ₹201.60 bonus value); over-cap spends earn base 1.6 points/₹100.
departmental_stores	points	3.20%(16 pts @ ₹0.20)	₹1,008 / monthly	10X on departmental stores: 20 EDGE points/₹125 (2 base + 18 bonus) = ~3.2% at ₹0.20/pt. Bonus capped at ₹7,000 spend/statement (~1,008 bonus points ≈ ₹201.60 bonus value); over-cap earns base 1.6 points/₹100.
all_spends	points	0.32%(1.6 pts @ ₹0.20)	—	Base earn: 2 EDGE points per ₹125 on eligible spends (~1.6 points/₹100 ≈ 0.32% at ₹0.20/pt). Unlimited.
fuel	points	0.00%(0 pts @ ₹0.20)	—	No EDGE points on fuel (excluded MCC). 1% fuel surcharge waiver applies separately.
rent	points	0.00%(0 pts @ ₹0.20)	—	No EDGE points on rent (excluded MCC).
wallet_load	points	0.00%(0 pts @ ₹0.20)	—	No EDGE points on wallet loads/transfers (excluded MCC).
utilities	points	0.00%(0 pts @ ₹0.20)	—	No EDGE points on utilities & certain telecom bill payments (excluded MCC).
insurance	points	0.00%(0 pts @ ₹0.20)	—	No EDGE points on insurance premiums (excluded MCC).
education	points	0.00%(0 pts @ ₹0.20)	—	No EDGE points on education (excluded MCC).
government	points	0.00%(0 pts @ ₹0.20)	—	No EDGE points on government payments (excluded MCC).

No rewards on

These categories earn zero rewards on this card. Reward score is scaled down by up to −5%, proportional to how much of the standard basket sits in the excluded categories (v4.3 formula).

FuelRentWallet loads/transfersUtilities & certain telecomInsuranceEducationGovernment paymentsTransportation & tollsCash withdrawals

Welcome offer

5,000 EDGE REWARD Points on spending ₹1,000 within 30 days of card issuance (worth ₹1,000)

Milestone benefits

Spend ₹30,000: 1,500 EDGE REWARD Points per statement cycle (₹300 value); insurance, rent, wallet & cash withdrawals excluded

What's inside

Travel privileges

Domestic Airport Lounge Access
2 domestic lounge visits per quarter, subject to ₹50,000 spends in the previous 3 calendar months
yearly.

Earn every day

Swiggy Discount
₹300
₹150 off on Swiggy on minimum order of ₹500, twice per month
Cap ₹300 / monthly.
Fuel Surcharge Waiver
₹4,800
1% fuel surcharge waiver on ₹400–₹5,000 fuel transactions, max ₹400 per statement
Cap ₹4,800 / yearly.

Security & care

Purchase Protection
Purchase protection cover up to ₹1,00,000
yearly.
Travel Insurance
Complimentary travel covers
yearly.
Credit Shield
Credit shield insurance cover
yearly.