Axis Bank Reserve Credit Card Review

Axis Bank Reserve Credit Card Review: Axis Bank Reserve Credit Card is a great option for people who want to enjoy the benefits of a credit card without having to worry about high-interest rates. This card comes with a number of benefits, such as zero interest on purchases and balance transfers for the first six months, as well as a generous rewards program. If you are looking for a credit card that will help you build your credit history, then the Axis Reserve Credit Card is a great option.

If you’re looking for a credit card that offers excellent rewards potential, the Axis Bank Reserve Credit Card might be a good option for you. This card offers 2 points per dollar spent on all purchases, and there are no annual fees or foreign transaction fees.

Axis Bank Reserve Credit Card Review
Axis Bank Reserve Credit Card Review

You also receive access to exclusive benefits, such as airport lounge access and free travel insurance. In addition, the card comes with a generous 0% introductory APR for the first 12 months. If you’re looking for a great credit card that offers tremendous rewards potential, the Axis Bank Reserve Credit Card should be at the top of your list.

1) Axis Bank Reserve Credit Card Review

If you are looking for a credit card with no annual fee and great rewards, the Axis Bank Reserve Credit Card is a great option. With this card, you’ll earn 2 points per Rs. 100 spent on dining and travel, and 1 point per Rs. 100 spent on all other purchases. You can redeem your points for a variety of rewards, including travel, merchandise, and statement credits. There is also a sign-up bonus of 10,000 points when you spend Rs. 5,000 within 60 days of opening your account.

Joining Fee 50,000 INR + GST
Welcome Benefit 50,000 points
Renewal Fee 50,000 INR + GST
Renewal Benefit 50,000 points
Renewal Fee waiver On spending >25 lakhs

The Axis Bank Reserve Credit Card has a foreign transaction fee of 3%, so it’s not the best option for international travel. However, if you primarily spend in India, this card could be a great option for you.

2) What are the features and benefits of the Axis Bank Reserve Credit Card?

The Axis Bank Reserve Credit Card is a great choice for people who are looking for a credit card with plenty of features and benefits. Some of the key features of this card include a low-interest rate, a rewards program, and no annual fee. The card also comes with a number of other benefits that make it a great choice for people who are looking for a credit card.

Card Type Super-Premium
Joining Fee Rs. 50,000
Renewal Fee Rs. 50,000
Best Feature Unlimited complimentary domestic lounge visits for both the primary and add-on cardholders
NSBB Rating 4/5

 

Axis Bank Reserve Credit Card is a premium credit card that offers a range of features and benefits to cardholders. Some of the key features and benefits of this card are:

  1. Reward points: Cardholders can earn reward points on every transaction made using the card. These points can be redeemed for a variety of rewards such as cashback, gift vouchers, and merchandise.
  2. Complimentary lounge access: The card comes with complimentary access to domestic and international airport lounges.
  3. Fuel surcharge waiver: Cardholders can avail of a fuel surcharge waiver of up to INR 250 per month on transactions made at fuel stations.
  4. Interest-free cash withdrawal: Cardholders can withdraw cash from ATMs without incurring any interest charges.
  5. Interest-free period: The card comes with an interest-free period of up to 50 days on purchases.
  6. Fraud protection: The card comes with advanced fraud protection measures to ensure the security of transactions.
  7. 24×7 concierge services: Cardholders can avail of 24×7 concierge services, including travel and restaurant booking assistance.
  8. EMI options: Cardholders can convert their purchases into EMIs at competitive interest rates.
  9. Flexible payment options: Cardholders can choose from a range of flexible payment options, including easy billing and automatic payments.
  10. Insurance cover: The card offers various insurance covers, including travel insurance, personal accident insurance, and more.

The Axis Bank Reserve Credit Card is a great choice for people who are looking for a credit card with plenty of features and benefits. The card has a low-interest rate, a rewards program, and no annual fee, which make it a great choice for people who are looking for a credit card.

3) How does the Axis Bank Reserve Credit Card compare to other credit cards?

The Axis Bank Reserve Credit Card is a premium credit card offered by Axis Bank, one of the leading private sector banks in India. In terms of features and benefits, the card compares favorably to other credit cards in the market.

One of the standout features of the Axis Bank Reserve Credit Card is the high reward points on offer. Cardholders can earn up to 5 reward points for every Rs. 200 spent on the card, making it one of the most rewarding credit cards in the market. In addition, the card also offers exclusive discounts and offers on various categories such as dining, travel, and entertainment.

Another benefit of the Axis Bank Reserve Credit Card is the generous credit limit. The card comes with a credit limit of up to Rs. 10 lakhs, making it an ideal choice for high-spenders who require a higher credit limit.

The card also comes with a range of travel benefits, including free airport lounge access, travel insurance, and emergency assistance services. These benefits can be particularly useful for frequent travelers who can take advantage of the free lounge access and insurance coverage while on the go.

In terms of fees and charges, the Axis Bank Reserve Credit Card is fairly competitive. The annual fee for the card is Rs. 50,000, which is on the higher side but is offset by the generous rewards and benefits offered. The interest rate on the card is also competitive, with a rate of around 42% per annum.

Overall, the Axis Bank Reserve Credit Card compares favorably to other credit cards in the market, particularly for those looking for high reward points and generous travel benefits. While the annual fee is on the higher side, the card’s features and benefits make it a worthwhile choice for those who can take advantage of them.

Who Should Get this Axis Bank Reserve Credit Card?

The Axis Bank Reserve Credit Card is suitable for individuals who are looking for a premium credit card with a host of exclusive benefits and rewards. This card is ideal for individuals who have a high income and are willing to pay an annual fee to enjoy exclusive privileges.

The card offers a range of benefits such as access to premium airport lounges, discounts on dining, travel, and entertainment, as well as reward points on all purchases. Additionally, the card offers exclusive offers and discounts on premium brands and events.

Individuals who frequently travel or enjoy dining out can benefit significantly from this card as it offers discounts on air tickets, hotel bookings, and dining. The card also offers travel insurance, so individuals can travel with peace of mind knowing that they are covered in case of any unforeseen circumstances.

In terms of eligibility, the Axis Bank Reserve Credit Card is suitable for individuals who have a good credit score and a stable income. The card requires a minimum income of Rs. 10 lakhs per annum, so it is suitable for individuals who are financially stable and can afford to pay the annual fee and other charges associated with the card.

In summary, the Axis Bank Reserve Credit Card is suitable for individuals who are looking for a premium credit card with a range of exclusive benefits and rewards. It is ideal for individuals who frequently travel, dine out, and enjoy exclusive offers and discounts on premium brands and events. However, it is important to note that the card requires a good credit score and a minimum income of Rs. 10 lakhs per annum to be eligible.

4) What are the pros and cons of the Axis Bank Reserve Credit Card?

Axis Bank Reserve Credit Card offers a high reward points program and exclusive benefits for frequent travelers, but it also has a high annual fee and limited acceptance at certain merchants. It may not be the best choice for those who don’t frequently use their card or don’t make enough purchases to offset the annual fee. It’s important for potential cardholders to carefully consider their spending habits and financial needs before deciding if this credit card is the right choice for them.

Pros of the Axis Bank Reserve Credit Card:

  1. High reward points: The Axis Bank Reserve Credit Card offers a high reward points program, which allows cardholders to earn reward points on every transaction they make. These points can be redeemed for various discounts and offer on travel, dining, and other purchases.
  2. Exclusive benefits: The card offers exclusive benefits such as discounts on hotel bookings, airport lounge access, and priority pass membership. These benefits are ideal for frequent travelers and can help save money on travel expenses.
  3. Low-interest rates: The Axis Bank Reserve Credit Card offers low-interest rates on balance transfers and cash advances, which can be a great advantage for those who need to carry a balance from month to month.
  4. Flexible payment options: The card offers flexible payment options, allowing cardholders to choose between monthly payments or pay the entire balance at once. This can help cardholders better manage their finances and avoid high-interest charges.

Cons of the Axis Bank Reserve Credit Card:

  1. High annual fees: The Axis Bank Reserve Credit Card has a high annual fee, which may not be suitable for those who don’t frequently use their card or don’t make enough purchases to offset the annual fee.
  2. Limited acceptance: The card may not be accepted at all merchants and may not be the best choice for those who frequently shop at small businesses or independent retailers.
  3. Limited reward options: The card’s rewards program may not offer as many options for redemption as other credit cards, which may limit the value of the rewards for some cardholders.
  4. Complex rewards program: The rewards program may be difficult to understand for some cardholders, making it challenging to maximize the value of the rewards earned.

5) Conclusion

If you are looking for a credit card with no annual fee and a decent rewards program, the Axis Bank Reserve Credit Card is a good option. However, there are some drawbacks to this card, such as its high-interest rate and foreign transaction fee. Overall, the Axis Bank Reserve Credit Card is a decent choice for those who are looking for a no-fee rewards card.

6) Axis Bank Reserve Credit Card FAQ

Are you thinking about getting an Axis Bank Reserve Credit Card? Here are some frequently asked questions that will help you make your decision:

1. What are the benefits of the Axis Bank Reserve Credit Card?

The Axis Bank Reserve Credit Card comes with a number of benefits, including a welcome bonus of 10,000 reward points, a complimentary domestic airport lounge visit per quarter, and up to 5% cash back on all your spending.

2. How do I earn reward points with my Axis Bank Reserve Credit Card?

You can earn 1 reward point for every Rs. 150 spent on your Axis Bank Reserve Credit Card. You can also earn additional points by shopping at partner retailers, booking travel tickets through the Axis Bank Travel Portal, or using your card for fuel transactions.

3. How can I redeem my Axis Bank Reserve Credit Card points?

You can redeem your points for a wide range of rewards, including flight and hotel bookings, shopping vouchers, and cashback. You can also choose to transfer your points to one of Axis Bank’s partner loyalty programs.

4. What is the annual fee for the Axis Bank Reserve Credit Card?

The annual fee for the Axis Bank Reserve Credit Card is Rs. 50,000. However, you can get a waiver on the first year’s annual fee by spending Rs. 1 lakh or more in a year.

5. How do I pay my Axis Bank Reserve Credit Card bill?

You can pay your Axis Bank Reserve Credit Card bill online, through the Axis Bank mobile app, or by setting up a standing instruction with your bank. You can also choose to pay your bill at any Axis Bank branch.

6. What is the interest rate on the Axis Bank Reserve Credit Card?

The interest rate on the Axis Bank Reserve Credit Card is 3.49% per month.

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