Axis Bank Select Credit Card
Product Details
Credit Card Name :
Axis Bank Select Credit Card
Bank Name :
Axis Bank
Type :
Rewards Credit Card
Interest Rate :
3.6% per month (52.86% per annum).
Eligibility :
Primary cardholder between the age of 18 years and 70 years.
Add-on cardholder should be over 18 years.
Net income of Rs. 9,00,000 per annum and above.
Resident and Non-Resident Indian both are eligible.
Pros
Customers get an Amazon voucher worth Rs 2000 on their first card transaction within 90 days of issuance as a welcome benefit.
Customers get 20% off up to Rs. 500 p.m. on a minimum purchase of Rs 2000 on BigBasket mobile app, and 40% off up to a maximum of Rs. 200 on Swiggy mobile app/ website.
The card also offers Buy one and get up to Rs 300 off on the second ticket on BookMyShow.
Customers get a complimentary Priority Pass membership (worth USD99) with 12 complimentary
International lounge visits in a year, and 6 complimentary Golf rounds per year.Customers can earn 10 Axis EDGE points on every Rs. 200 spends, and 5000 EDGE points on spending Rs 3 Lakhs in a card anniversary year.
Cons
Only available for individuals with net income of Rs. 9 Lakhs which is high.
Low cashback rate.
Cashback on Swiggy and BigBasket is capped.
Pros & Cons
Welcome Benefits
Welcome Benefits: Amazon voucher worth Rs 2000 on your first card transaction within 90 days of issuance.
Rewards System
Reward System: You can earn 5 Axis EDGE REWARDS Points on every INR 100 that you spend with the Axis Bank Select Credit Card. The value of each point is INR 0.2. The effective cashback rate is 1%.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
Get a complimentary Priority Pass membership (worth USD99) with 12 complimentary International lounge visits in a year.
Eligibility Criteria
Primary cardholder between the age of 18 years and 70 years.
Add-on cardholder should be over 18 years.
Net income of Rs. 9,00,000 per annum and above.
Resident and Non-Resident Indian both are eligible.
Benefits
Complimentary Priority Pass Visits: You will get 6 complimentary international lounge access to over 1,200 international airport lounges, per calendar year.
Complimentary Golf Rounds: You will get 3 complimentary golf rounds per calendar year at select golf courses in India.
Travel insurance: You will be covered by travel insurance when you use the card for travel-related expenses.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
You can apply for the Axis Bank Select Credit Card online or offline. Here are the steps on how to apply online:
Go to the Axis Bank Credit Card website. Search for Select Credit Card.
Click on the "Apply Now" button.
Enter your personal details such as your name, email address, and mobile number.
Enter your income and employment details.
Upload a scanned copy of your PAN card and Aadhaar card.
Select the credit limit you want.
Click on the "Submit" button.
An Axis Bank representative will contact you to verify your details and complete the application process.
Contact Details
1868 419 5555 & 1860 500 5555
Account Opening and Procedure
Axis Bank Select Credit Card
Axis Bank Select Credit Card is a great premium card for beginners. It has significant number of value add features, however, it has a very low cashback rate in comparison to other premium credit cards on the market.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee: INR 3,000.
Annual Fee - 2nd Year onwards: Rs 3,000.
Cash Withdrawal Fee From ATM - 2.5% (Min. Rs 500) of cash Amount.
Late Payment Fee: Charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1200.
Interest Rate: 3.6% per month (52.86% per annum)
Reward Redemption Fee: INR 0
Forex Mark-Up: 3.5%
Fuel Surcharge
1% however it is waived for transactions between Rs. 400 and Rs. 4,000. Waiver is capped at INR 100 per month.
Billing Cycle
30 Days