Axis Bank Edge Rewards Credit Card

Eligibility Criteria

Axis Bank Edge Rewards Credit Card: An Overview to More Rewards

Out of so many credit cards available in the market, Axis Bank Edge Rewards Credit Card is one of the most viable options for those looking for a combination of everyday value and rich benefits. In this comprehensive guide, one will be taken through literally everything that one needs to know about this card-from its basic details to its highlight features.

## Card Details

Axis Bank Edge Rewards Credit Card is targeted towards the modern consumer who would fall for a bouquet of lifestyle privileges laced with realistic rewards. In summary, here are the key details about this credit card:

* **Issuer**: Axis Bank

* **Card Network**: Visa

* **Card Type**: Rewards Credit Card

* **Annual Fee**: ₹250 plus applicable taxes

* **Joining Fee**: ₹250 plus applicable taxes

– **Interest Rate**: Generally 3.5% per month (42% per annum) although subject to variation by the bank’s policies and, of course, your credit profile

Do remember that Axis Bank has promotional offers through which you can get a waiver on the joining/first-year annual fee. Try to look out for such offers while applying.

## Eligibility Criteria

Generally, to be eligible to apply for the Axis Bank Edge Rewards Credit Card, you need to satisfy the following criteria:

1. **Age**: 18-70 years
2. **Income**: ₹3 lakhs per annum for salaried people and ₹4 lakhs for self-employed professionals
3. **Employment**: A Salaried employee of Private Limited Companies, Public Limited Companies, Multinational Companies, or Government Organizations; or self-employed professional such as Doctor, Chartered Accountant, Company Secretary, etc.
4. **Credit Score**: A good credit score, at least 750 or above on the CIBIL scale
5. **Residency**: Indian resident, with valid address proof

Axis Bank may have their own additional inside requirements on eligibility assessment that may include factors about your relationship with them, your general financial profile, and your credit history.

## Documents Required

This is the common documents required for applying for Axis Bank Edge Rewards Credit Card:

1. **Proof of Identity** (any one):

          – PAN Card (mandatory)

          – Aadhaar Card

          – Passport

          – Voter’s ID Card

2. **Address Proof** (any one):

          – Aadhaar Card

          – Passport

          – Driving License

          – Utility Bill not older than 3 months

          – Rent Agreement

3. **Income Proof**:

          – For Salaried Individuals:

* Last 3 months salary slips

     * Form 16 or Income Tax Returns for the last 2 years

   – In the case of Self-Employed Professionals:

     * Income Tax Returns for the last 2 years

     * Bank statements for the last 6 months

4. **Photograph**: One recent passport-sized color photograph
5. **Bank Statements**: Last 3 months statements of the primary bank account

Please note that Axis Bank may ask for further documents as per their internal policies or as per your specific case. Please always contact the bank or visit the official website for an updated list of documents required.

The Axis Bank Edge Rewards Credit Card is loaded with a multitude of features and privileges that will make your expenditure worthwhile. Some of the key benefits and features that it offers are listed below:

1. **Rewards Program**:

   – Avail 5 Edge Reward Points for every ₹100 spent on dining, food delivery, and groceries.

   – Avail 2 Edge Reward Points for every ₹100 spent on all other categories.

– Normally, 1 Edge Reward Point is worth around ₹0.20, allowing a cashback of 1% on select categories

2. **Welcome Benefits**:

   – 1,000 bonus Edge Reward Points on card activation and first transaction

   – Extra 1,000 bonus Edge Reward Points on spending ₹25,000 within 60 days of card issuance

3. **Milestone Benefits**:

– 10,000 Bonus Edge Reward Points – on spending at least ₹3 lakhs with the card in a year

    – Another 10,000 Bonus Edge Reward Points – on spending a minimum of ₹5 lakhs annually with the card

4. **Annual Fee Waiver**:

   – If you have spent ₹2 lakhs or more with this card during the last year, then the annual charge of ₹250 will be waived, and you will not have to pay anything towards annual fees

5. **Lifestyle Benefits**:

Up to 20% off at select restaurants across India

 Complimentary meals at select restaurants through the Axis Dining Delights program

6. **Travel Benefits**:

 4 complimentary visits per year to domestic airport lounges

 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹4,000

7. **Insurance Coverage**:

 Air accident cover of up to ₹25 lakhs

– Lost card liability cover up to ₹50,000

8. **Lifestyle Benefits**:

   – Exclusive offers on popular brands in categories such as fashion, electronics, and travel

   – Avail of Axis Bank’s concierge services for any assistance regarding travel bookings, gifting, etc.

9. **Flexible Redemption Options**:

   – Redeem Edge Reward Points for a wide array of products, gift vouchers, or cashback

– Transfer points into major travel and hotel reward programs

10. **EMI Facility**:

    – Provides the DNAmic EMI program, which allows the conversion of major transactions into low-cost EMIs

    – Avail No-Cost EMIs on various products across different products from partnered brands

## Description of the Card

The Axis Bank Edge Rewards Credit Card has been designed to be a holistic financial instrument for the urban professional who seeks value even in his everyday spending. It has been specifically targeted at people who eat out, order in, or shop for groceries very frequently; it gives added emphasis on dining, groceries, and general lifestyle expenses.

It has a modern and sleek card design with a brand logo—the Axis Bank branding—that is mainly so dominantly presented on it. The Edge Rewards branding is not very overt and only subtly presented, in pursuance of the card’s fundamental positioning of an accelerated reward proposition on everyday spends.

One of the main features of this card is its tiered reward structure, making it accelerate points earning on popular spending categories. That simply makes this one of the most outstanding options for value maximization in everyday, common expenses. Bonus-point possibilities reached at attained milestones of spending create further incentives for increased usage of this card, possibly yielding huge rewards over a certain period.

The card also comes with features suitable for travel, such as complimentary airport lounge access and air accident insurance coverage, which creeps premium value into the offering. For light travelers, the proposition would seem quite attractive. A practical feature of the fuel surcharge waiver would result in a potential saving for the cardholder in case they travel by car quite often.

While the Edge Rewards Credit Card offers a solid mix of benefits, it’s important to point out that it resides in mid-tier credit cards. This means it may not include the list of extensive premium benefits of other cards, but it also carries a much more affordable annual fee that can easily be waived with moderate card usage.

It could be a very good starting point for people who have less experience with credits or wish to initiate credit history. Its comparatively easy eligibility criteria make it quite reachable for young professionals and people with incomes in their growth phase.

So, in a nutshell, the Axis Bank Edge Rewards Credit Card features a judicious mix of everyday value and aspirational benefits. It is crafted to grow with you, paying increased returns as your spending increases, while its practical benefits are crafted to let life be easier. Whether one is a foodie, a keen shopper, or simply someone who wants more for his money in return for spending, this card should feature in one’s toolkit.