The Axis Bank Select Credit Card is a high-end financial tool designed for individuals who frequently spend across various categories such as travel, retail, groceries, and dining. With an annual fee of just INR 3000, this credit card offers multidimensional benefits, making the fee entirely justifiable. Not only does it provide excellent reward rates, but it also offers significant milestone rewards and a renewal fee waiver, further enhancing its value.
Overview of Axis Bank Select Credit Card
Category
- This card is best suited for users seeking rewards in travel, shopping, and dining categories.
Joining Fee
- The Axis Bank Select Credit Card comes with a joining fee of INR 3000.
Rewards
- Cardholders enjoy substantial discounts such as 20% off on Big Basket and 40% off on Swiggy. Additionally, it offers golf privileges and airport lounge access.
Features and Benefits of the Axis Bank Select Credit Card
Initial Welcome Offer
- Upon making the first transaction within 90 days of receiving the card, users get an Amazon voucher worth INR 2000.
Earning EDGE Points
- Cardholders accumulate EDGE points on every transaction, with an opportunity to earn double points on retail purchases. This makes regular use of the card highly rewarding.
Exclusive Discounts and Offers
- Big Basket Discount: Users get a 20% discount up to INR 500 on purchases of INR 2000 or more.
- Swiggy Discount: Twice a month, users enjoy 40% off on orders above INR 400, with a maximum discount of INR 200.
- Golf Privileges: Six complimentary golf rounds annually, with an additional three rounds upon spending INR 6 lakh in a year.
- Airport Lounge Access: Priority membership provides six annual visits to international lounges and quarterly visits to domestic lounges.
- Dining Discounts: Up to 20% discount with partner dining establishments. Axis Bank Select Credit Card
Milestone Rewards and Fee Waiver
The card offers milestone rewards like EDGE points when users spend INR 3 lakh annually. Additionally, if users spend INR 6 lakh in an anniversary year, the renewal fee is waived. Axis Bank Select Credit Card
Insurance and Protection
- Travel Insurance: Coverage up to INR 1 lakh for travel delays and loss of check-in baggage.
- Zero Liability Protection: Cardholders are not liable for fraudulent activities if the loss of the card is reported promptly.
- Purchase Protection: Insurance benefits on the loss of card, purchase protection, and loss of travel documents.
Additional Benefits
- BookMyShow Offer: Users get INR 300 off on the second ticket when booking through BookMyShow.
- 24/7 Concierge Services: Services include gift delivery, travel booking, and more, available round the clock.
Charges and Fees of Axis Bank Select Credit Card
Joining and Annual Charges
- Joining Fee: INR 3000
- Annual Fee: INR 3000
Interest Rate: Axis Bank Select Credit Card
- The interest rate on the Axis Bank Select Credit Card is 52.86% per annum.
- Late Payment Charges
- Nil for amounts up to INR 100.
- INR 100 for amounts between INR 301 and INR 500.
- INR 500 for amounts between INR 501 and INR 10,000.
- INR 750 for amounts between INR 10,001 and INR 25,000.
- INR 1000 for amounts above INR 25,001.
Eligibility Criteria
Applicants must meet the following criteria to be eligible for the Axis Bank Select Credit Card:
- Age: Between 18 to 70 years.
- Income: Minimum annual income of INR 9 lakh.
- Occupation: Can be self-employed or salaried.
Required Documents
Applicants need to provide the following documents when applying:
- Proof of Identity: Passport, Driving Licence, Aadhar Card, PAN Card, passport-sized photograph.
- Address Proof: Utility bills, Aadhar card, passport.
- Income Proof: Recent payslips, bank statements, Form 16, latest ITR.
Application Process: Axis Bank Select Credit Card
Online Application
- Click the “Apply” button on the Axis Bank website.
- Choose the desired credit card from the available options.
- Click ‘Apply Now’ and fill in the required information accurately.
- Submit the form.
Offline Application
- Visit the nearest Axis Bank branch.
- Get assistance from a bank representative to fill out the application form.
- Submit the completed form at the branch.
Pros and Cons
Pros
- Users get INR 200 off on Swiggy orders twice a month.
- Complimentary priority pass membership.
Cons
- No reward points on fuel transactions.
- High joining fee of INR 3000 plus taxes.
Should You Get This Card?
The Axis Bank Select Credit Card is particularly popular in the premium category, ideal for users who frequently shop and spend offline, offering substantial rewards and discounts. Consider getting this card if:
- You prefer offline spending.
- You are a frequent traveller who values international and domestic lounge access.
- You can spend INR 6 lakh annually to avail of the renewal fee waiver.
Axis Bank Select Credit Card
The Axis Bank Select Credit Card stands out as a versatile and rewarding financial tool, especially for those who are high spenders in categories like travel, dining, and retail. With comprehensive benefits that include milestone rewards, dining discounts, and extensive insurance coverage, it offers significant value for its annual fee. Its myriad features, from complimentary golf rounds to priority lounge access, make it a highly attractive option for discerning customers.
Frequently Asked Questions
What is the annual fee for the Axis Bank Select Credit Card?
The annual fee for the Axis Bank Select Credit Card is INR 3000.
How can I earn EDGE points with the Axis Bank Select Credit Card?
Users earn EDGE points on every transaction, with double points on retail purchases and additional points for milestone spending.
Are there any discounts on dining with this card?
Yes, cardholders can enjoy up to 20% discount at partner dining establishments.
Is there a renewal fee waiver available?
Yes, the renewal fee is waived if you spend INR 6 lakh in an anniversary year.
What travel benefits does the Axis Bank Select Credit Card offer?
The card offers six complimentary international lounge visits annually, priority pass membership, travel insurance, and more.
How do I apply for the Axis Bank Select Credit Card?
You can apply online through the Axis Bank website or offline by visiting the nearest Axis Bank branch.
Conclusion
The Axis Bank Select Credit Card is an excellent choice for individuals seeking premium benefits and rewards. Its extensive features cater to a wide range of spending categories, ensuring that cardholders maximize their benefits. Whether it’s for travel, dining, or retail, this card offers substantial rewards and protection, making it a valuable addition to your financial toolkit.