M16S / Axis Bank / Axis Rewards Credit Card
mid · rewards, shopping
Axis Rewards Credit Card
The Axis Rewards Credit Card costs Rs 1,000 a year, waived if you spend Rs 2,00,000 in a year. Its base return is 0.32% (2 EDGE RP per Rs 125, unlimited). Accelerated earn: 10X (20 RP per Rs 125) at apparel and department stores. The forex markup is 3.5%. Lounge visits in India: 2 per quarter at select domestic airports. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 1,000+ GST
- Fee waived at
- Rs 2,00,000annual spend
- Base return
- 0.32%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on axis.bank.inOpens the bank’s own page.
Fees
| Joining fee | Rs 1,000 |
|---|---|
| Annual fee | Rs 1,000 |
| Annual spend that waives the fee | Rs 2,00,000 |
| Fee notes | Issuer fee table shows joining and annual fee as 'Nil (limited period offer on Amex network)'; MITC standard fee is Rs 1,000. Waiver on Rs 2 lakh anniversary-year spend (cards issued from 1 Mar 2023); rent, wallet, gift cards excluded. |
Rewards
| Welcome benefit | 5,000 EDGE RP on cumulative net spend of Rs 1,000 or more within 30 days of issuance; not for lifetime-free or migrated cards |
|---|---|
| Reward currency | EDGE Reward Points |
| Base earn | 2 EDGE RP per Rs 125, unlimited |
| Base return | 0.32% |
| Point value | Rs 0.20 per point (issuer value chart; Pay by Rewards 2,500 to 1,00,000 points; catalogue min 300). SMS redemption Rs 0.12-0.18. Transfers 10:1 or 5:1. |
| Accelerated earn | 10X (20 RP per Rs 125) at apparel and department stores |
| Caps | Accelerated points only on spend up to Rs 7,000 per statement month in the 10X categories (1,008 points per T&C); base rate after that |
| Spends that earn nothing | Transportation and tolls, utilities and telecom, insurance, education, government, wallet and wire transfers, rent, fuel, gift cards |
| Points expiry | 3 years from earning date (card T&C); see EDGE T&C for 365-day inactivity lapse |
| Milestone benefits | 1,500 EDGE RP on Rs 30,000 net spend in a statement month |
| Reward notes | base_return_pct = 2 points per Rs 125 x Rs 0.20 = 0.32%. Hitting the Rs 30,000 monthly milestone adds 1,500 points (Rs 300), i.e. 1% more on exactly Rs 30,000. |
Transfers
| Partnersunverified | Accor Live Limitless, Air Canada Aeroplan, Air France-KLM Flying Blue, Air India Maharaja Club, British Airways Club, Cathay, Ethiopian Airlines ShebaMiles, Etihad Guest, Finnair Plus, JAL Mileage Bank, Qantas Frequent Flyer, Qatar Airways Privilege Club, Singapore Airlines KrisFlyer, Thai Royal Orchid Plus, Turkish Airlines Miles&Smiles, United MileagePlus, Vietnam Airlines Lotusmiles, Wyndham Rewards, AirAsia Rewards, Hilton Honors, IHG One Rewards, IndiGo BluChip, Lufthansa Miles & More, Orchid Rewards, The Postcard Sunshine Club, Radisson Rewards, SpiceJet SpiceClub |
|---|---|
| Ratiounverified | 10 EDGE RP : 1 partner mile; 5:1 to SpiceJet and AirAsia. Annual cap 1,00,000 Group A + 4,00,000 Group B. |
Travel and perks
| Domestic lounge | 2 per quarter at select domestic airports |
|---|---|
| International lounge | None |
| Lounge conditions | Needs Rs 50,000 eligible spend in previous 3 calendar months (issuer page); waived in issuance month + next 3 months; guests paid |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on Rs 400-5,000 fuel transactions, cap Rs 400 per statement cycle |
| Other freebies | Membership bouquet worth up to Rs 1,000 per anniversary year (link sent by SMS within 60 days of eligibility); Swiggy Rs 150 off on Rs 500+ twice a calendar month (code AXISREWARDS); Dining Delights; Wednesday offers |
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 |
| Eligibility | Age 18-70; resident of India. No income figure published. |
| Fine-print notes | Before the 2026-10-12 page read: documented from the Axis Rewards T&C PDF, MITC and lounge document. Citi Rewards cards were migrated to this product. Product page read 2026-10-12 confirms earn rates, 10X cap, milestone, lounge, fuel waiver, 3.5% forex, 3.75% interest and Rs 0.20 point value. The page names only the Amex network (as the lifetime-free offer); other networks are not stated. Transfer terms are not on the page. |
Questions
- What is the annual fee of the Axis Rewards Credit Card?
- Rs 1,000 a year, before GST. It is waived if you spend Rs 2,00,000 in a year.
- Does the Axis Rewards Credit Card give airport lounge access?
- Yes. In India: 2 per quarter at select domestic airports. Outside India: none listed. Conditions: Needs Rs 50,000 eligible spend in previous 3 calendar months (issuer page); waived in issuance month + next 3 months; guests paid
- What is the forex markup on the Axis Rewards Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Axis Rewards Credit Card?
- Transportation and tolls, utilities and telecom, insurance, education, government, wallet and wire transfers, rent, fuel, gift cards