Axis Bank Credit Card Reward Points

Reward points with Axis Bank credit cards are earned primarily based on the amount spent on the card. The basic earning structure is as follows:

• Base rewards: Customers earn 1 EDGE REWARD point for every Rs. 125 spent on general purchases.
• Accelerated rewards: On selected categories such as apparel and departmental stores, customers earn 10 times the base points (10X reward points), effectively earning 18 to 20 EDGE REWARD points per Rs. 125 spent in these categories.

There is typically a monthly threshold (e.g., Rs. 7,000 on eligible categories) beyond which the incremental reward points apply. The rewards are calculated on a rolling basis every month, and point adjustments are made for any transaction reversals within 60 days.

Axis Bank provides multiple options for redeeming credit card reward points, making it flexible for cardholders to use their rewards in ways that suit their lifestyle:

• Product redemption: Reward points can be exchanged for over 500 products across categories such as electronics, home appliances, fashion, and more.
• Instant vouchers and cashback: Points can be redeemed for instant vouchers or converted into cashback credited to the credit card account.
• Travel benefits: Reward points can be converted into air miles or travel vouchers, usable for flights, hotel bookings, and other travel-related expenses.
• Exclusive offers: Cardholders may also use points for fuel surcharge waivers, complimentary lounge access, and other lifestyle perks.

Axis Bank credit cards offer a rewarding program called Edge Rewards, where cardholders can earn points on their spending. To be eligible for earning these reward points, you need to use your Axis Bank credit card for your transactions. The earning rate for points varies based on the category of spend:

• For general transactions, you earn 1 Edge Reward point for every Rs. 125 spent. This is known as the base reward rate.
• For specific categories like apparel and departmental stores, you can earn 10 times more points, i.e., 10 Edge Reward points for every Rs. 125 spent. This totals 20 points for those categories (1 base point + 9 incremental points). This is referred to as Accelerated Rewards.

The accumulated points can be redeemed for a wide array of products, vouchers, cashback, air miles, and other benefits. The Edge Rewards program also includes milestone benefits, welcome rewards, and complimentary perks such as domestic lounge access, providing added value beyond simple point collection.

While most transactions on Axis Bank credit cards earn reward points, some transactions do not qualify for rewards. These non-eligible transactions include:

• Reversals and Refunds: If a transaction is reversed or refunded, it will not earn points. Any previously earned points on such transactions will be deducted.
• Cash Advances and Cash Withdrawals: Cash withdrawals using credit cards typically do not earn reward points.
• Finance Charges, Fees, and Interest Payments: Payments made towards annual fees, interest, late payment charges, and other fees are not eligible for reward points.
• Certain Merchant Categories: Purchases in some categories may be excluded or earn no or fewer points according to the terms and conditions. These may include utility payments, insurance premiums, government services, or other restricted categories.
• Transactions at Non-Participating Merchants: Some merchants may not be part of the reward program, so transactions there might not accrue points.

It's important to note that incremental rewards on the accelerated categories are capped based on a spend threshold of Rs. 7,000 per statement month for earning the maximum incremental points. Also, adjustments for reversed transactions are made within 60 days from the date of the transaction; beyond this, no further adjustments apply.

To make the most of your Axis Bank credit card reward points, consider implementing these strategies:

• Leverage Accelerated Rewards: Earn up to 10X reward points for every Rs. 125 spent on apparel and departmental store purchases. This can significantly increase your points accumulation compared to the standard 2 EDGE REWARD points per Rs. 125 spent in other categories.
• Consistent Spending: Ensure you reach the annual spend thresholds to enjoy benefits such as fuel surcharge waivers, Swiggy discounts, and lounge access.
• Strategic Category Spending: Plan your purchases around categories offering higher rewards to maximise the value of your spending.
• Track Expiry Dates: Keep a close eye on when your reward points are set to expire, ensuring timely redemption to avoid losing their value.
• Utilise Promotions: Look out for special promotions or offers that can further boost your reward earnings, providing even greater value for your spending.

When it comes to Axis Bank credit card reward points, there are several key factors to consider:

• Earning Structure: You can earn 2 EDGE REWARD points for every Rs. 125 spent, with accelerated rewards of up to 20 points for departmental and apparel transactions. This allows you to accumulate points quickly based on your spending habits.
• Expiry: Reward points typically have a specific validity period, after which they expire. It's crucial to redeem your points before they reach their expiration date to ensure you don't lose their value.
• Charges: Be mindful of any fees associated with your credit card, such as annual fees or interest charges. These costs can impact the net value of your rewards, so it's important to factor them into your overall strategy.
• Terms and Conditions: Familiarise yourself with the terms and conditions that govern how points are earned and redeemed and any restrictions on their use. Understanding these guidelines will help you avoid any surprises and make the most of your reward points.
• Redemption Options: Axis Bank offers a diverse range of redemption options for your reward points, including vouchers, products, and experiences. This flexibility allows you to choose rewards that align with your preferences and lifestyle.

By being aware of these charges, expiry dates, and terms, you can effectively manage your Axis Bank Credit Card Reward Points and maximise their value. Remember to regularly review your account statements, track your points balance, and plan your redemptions accordingly to get the most out of your rewards program.