Axis Bank Reserve Credit Card: rewards, caps and exclusions

What it earns

≈ marks a rate paid in points, valued at ₹0.2 a point. That is Zenidhi's conservative valuation, the same one the audit uses: the cheap end of what the points can be redeemed for, never the best transfer. Redeemed well, they can be worth more.

What earns nothing

Spend in these categories earns no rewards on this card, however it is paid for:

• Utility bills (since 1 September 2023)
• Telecom bills (since 1 September 2023)
• Rent
• Wallet loads (since 20 April 2024)
• Gift cards (since 28 August 2026)
• Government payments (since 1 September 2023)
• Insurance premiums (since 20 April 2024)
• Jewellery (since 20 April 2024)
• Fuel (since 20 April 2024)
• Tolls (since 28 August 2026)
• Cash withdrawals and fees
• EMI conversions

What costs extra

Worse than earning nothing: Axis Bank charges a fee for these.

• 1% on Rent Transaction fee, plus GST
• 1% on Wallet Load Transaction fee, plus GST
• 1% on Fuel Transaction fee, plus GST
• 1% on Education Transaction fee (third-party apps only), plus GST
• 1% on Utility Transaction fee, plus GST
• 1% on Online Skill-Based Gaming Transaction fee, plus GST

Fees

• Annual fee: ₹50,000, plus 18% GST
• Joining fee: ₹50,000
• Annual fee waived on ₹35,00,000 of spend in a card year

Welcome benefit: 15,000 EDGE REWARD Points on card activation on paying the joining fee and meeting a spend condition.

Where this comes from

Transcribed from Axis Bank's own documents and checked against them on 9 October 2026:

• product page, axis.bank.in
• Rewards Program page, axis.bank.in
• lounge page, axis.bank.in
• revision effective 20 Jun 2025, axis.bank.in (PDF)
• revision effective 20 Apr 2024, axis.bank.in (PDF)
• revision effective 1 Sep 2023, axis.bank.in (PDF)
• revision effective 28 Aug / 15 Nov 2026, campaign.axis.bank.in (PDF)
• Key Fact Sheet updated 17 Sep 2026, axis.bank.in (PDF)
• MITC, axis.bank.in (PDF)

Banks change these terms, sometimes with a month's notice. If a figure here disagrees with Axis Bank's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.

Hold this card?

Zenidhi reads your Axis Bank transaction alerts in Gmail, replays every swipe against the rules on this page, and shows you what you missed, and which card in your wallet to use next time. Get my audit · How the audit works

Other Axis Bank cards

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