3 best Axis Bank credit cards in 2018Axis Bank offers 19 different types of credit cards. Picking the best among them is not an easy task, given the many things you have to consider. In this article, we help simplify your task:

For Entry Level Credit Card Users

Axis Bank Insta-Easy Credit Card

You do not need to show any income proof for this credit card. A Fixed Deposit (FD) with Axis Bank will be enough to make you eligible. The FD can be made for any amount from Rs 25,000 to Rs 25 lakhs and your credit card limit will vary according to the size of the FD you have created. To be precise, your credit card limit will be 80% of the value of the FD. This card is great for students, housewives, freelance workers or those who work in the unorganised sector and cannot show formal proof of income.

You get 100 eDGE reward points on your first online Insta-Easy Credit Card transaction. You get 6 eDGE reward points on every Rs 200 spent in India and 12 eDGE reward points on every Rs 200 spent abroad. You can redeem these points against the eDGE rewards gifts here.

Other features

15% minimum off on partner restaurants of Axis Bank. You can get a list of these here.

Fuel surcharge refunds.

You can convert purchases above Rs 2,500 to EMIs by calling up the bank.

Points to Note

The bank will hold the FD as a lien against the card limit and you will not be able to break it at will. You also cannot use a 5-year tax-saver FD for this purpose.

Fees and Charges

The interest rate is 34.49% per annum so make sure your bills are paid on time (there are also late payment charges).  The foreign currency transaction fee is 3.5% of the amount spent. This will be over and above any money the bank makes by charging a premium exchange rate.

For Middle-Income Earners

Axis Bank Privilege Credit Card

This card is only given to those with an annual income above Rs 6 lakh. You get eDGE points convertible to Yatra (yatra.com) vouchers worth Rs 5,000 on activating this card and on every Rs 2.5 lakh you spend on the card. You get 3,000 eDGE reward points upon every renewal. Every Rs 200 you spend either domestically or internationally gets you 10 eDGE reward points. You can redeem these points against the eDGE rewards gifts here.

You also get 2 complimentary visits per quarter to airport Mastercard lounges. You can get a list of these lounges here.

Other features

15% minimum off on partner restaurants of Axis Bank. You can get a list of these here.

Fuel surcharge refunds.

You can convert purchases above Rs 2,500 to EMIs by calling up the bank.

Air accident cover up to Rs 2.5 crore; Purchase Protection up to Rs 1 lakh, Lost Card Liability Cover up to Rs 3 lakh; Lost travel documents cover – up to USD 300, Delayed check-in baggage cover up to USD 300, Lost baggage cover upto USD 500.

Points to Note

To be eligible for this card, you have to be between 18 and 70 years and a resident of India.

Fees and Charges

There is a joining fee of Rs 1,500 but it is waived for those holding Axis Bank Priority Accounts (the middle tier of accounts with Axis Bank). The interest rate is 41.75% per annum so make sure your bills are paid on time (there are also late payment charges). The foreign currency transaction fee is 3.5% of the amount spent. This will be over and above any money the bank makes by charging a premium exchange rate.

For High-Income Earners

Axis Bank Select Credit Card

This is a credit card for the classes rather than the masses. You need to have an income of at least Rs 9 lakh a year to qualify. In return, you get Club Marriott membership (for Marriott Hotels), 5,000 eDGE points on joining (worth Rs 1,000), complimentary rounds of golf and Priority Pass membership that gives you access to exclusive airport lounges in India and abroad. Your Club Marriott Membership and Priority Pass will be renewed annually and you also get an additional 5,000 eDGE reward points every year. You also get a dedicated 24*7 concierge desk for flight bookings, restaurant reservations and bookings for exclusive shows and events.

In short, Axis Bank Select Credit Card is tailored to cater to lifestyles of the rich – airline travel, five-star hospitality and high spending and it rewards those activities. The card is also Near Field Communications (NFC) enabled for tap-and-ago payments.

In addition, you get 10 eDGE reward points on every Rs 200 you spend which is a lot higher than the 4-6 eDGE points you get on entry-level Axis Bank credit cards. You can redeem these points against the eDGE rewards gifts here.

Other Features

15% minimum off on partner restaurants of Axis Bank. You can get a list of these here.

Fuel surcharge refunds.

Air accident cover up to Rs 2.5 crore; Purchase Protection up to Rs 1 lakh, Lost Card Liability Cover up to Rs 3 lakh; Lost travel documents cover – up to USD 300, Delayed check-in baggage cover up to USD 300, Lost baggage cover up to USD 500.

Points to Note

To be eligible for this card, you have to be between 18 and 70 years and a resident of India.

Fees and Charges

There is a joining fee of Rs 3,000 but it is waived for those holding Axis Bank Burgundy Accounts (the top tier of accounts with Axis Bank). The interest rate is 41.75% per annum so make sure your bills are paid on time (there are also late payment charges).  The foreign currency transaction fee is 3.5% of the amount spent. This will be over and above any money the bank makes by charging a premium exchange rate.

Documents needed for Axis Bank Credit Cards:

Documents needed for the Axis Bank Credit Cards mentioned above*

  • ID Documents: PAN Card photocopy or Form 60
  • Income Proof: Latest payslip/IT return/Form 16
  • Proof of Address: Electricity Bill, Telephone Bill, Driving License, Passport, Ration Card

*Income proof is not be needed for Axis Bank Insta-Easy Credit Card.

Author
Staff Writer

This article is written by RupeeIQ editorial staff.