M16S / Axis Bank / Axis KWIK Credit Card
entry · rewards, cobrand, lifetime-free, upi
Axis KWIK Credit Card
The Axis KWIK Credit Card charges no annual fee and no joining fee. Its base return is 0.2%. The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's own documents on 12 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.2%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on axis.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Lifetime free: zero joining and annual fee (issuer page and MITC) |
Rewards
| Welcome benefit | None |
|---|---|
| Reward currency | EDGE Reward Points |
| Base earn | 2 EDGE RP per Rs 200 on domestic and international transactions |
| Base return | 0.2% |
| Point value | Rs 0.20 per point |
| Spends that earn nothing | Wallet loads, fuel, rent, cash withdrawals, insurance, repayments, jewellery, education, government services, EMI transactions, credit-card-on-UPI transactions under Rs 2,000 |
| Points expiry | 3 years from earning; all points also lapse after 365 days with no earn, redemption or login (EDGE Rewards T&C) |
| Reward notes | base_return_pct = 2 points per Rs 200 x Rs 0.20 = 0.2%. Redemption fee Rs 99 per redemption on the EDGE rewards platform and Rs 199 per transfer to partner loyalty programmes (issuer page). |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on fuel purchases of Rs 400-4,000, max waiver Rs 150 a month (issuer page) |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Nil up to Rs 500 due; Rs 500 (501-5,000); Rs 750 (5,001-10,000); Rs 1,200 (10,001-50,000); Rs 1,300 above 50,000; plus Rs 100 per cycle if minimum due is missed two cycles running |
| Cash advance fee | 2.5% of amount, min Rs 500 |
| Fine-print notes | Virtual-first RuPay card applied for through the Kiwi app. Aggregator quotes 3.6% monthly interest; MITC says 3.75%. Product page read 2026-10-12 confirms lifetime-free status, RuPay credit card on UPI, virtual card on approval, card details shown in the Kiwi app, earn rate, exclusions, fuel waiver, 3.5% forex and DCC. No eligibility section on the page. Conflicts resolved from issuer page read 2026-10-12: redemption fee: aggregator reported Rs 49 (300-10,000 points) or Rs 99 -> issuer page says Rs 99 per redemption and Rs 199 per partner transfer | interest: issuer page prints '3.7% per month (55.55% per annum)'; MITC says 3.75%, which matches 55.55% a year, so 3.75 is kept (aggregator said 3.6%) |
Questions
- What is the annual fee of the Axis KWIK Credit Card?
- No annual fee.
- Does the Axis KWIK Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Axis KWIK Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Axis KWIK Credit Card?
- Wallet loads, fuel, rent, cash withdrawals, insurance, repayments, jewellery, education, government services, EMI transactions, credit-card-on-UPI transactions under Rs 2,000