The Axis Bank SELECT Credit Card is designed to help you save a lot on different types of expenses like shopping, travel, groceries, and movies. You can earn rewards on certain categories, get discounts on popular brands, and enjoy free memberships. It offers a good reward rate on regular purchases, even higher than the base rate on premium Axis Bank credit cards such as Magnus. If you're interested in learning more about this credit card, keep reading to know all about its features.
Key Highlights of Axis Bank SELECT Credit Card |
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| Best Suited For | Dining & Entertainment | |||
| Joining Fee | Rs. 3,000 | |||
| Annual Fee | Rs. 3,000 | |||
| Welcome Benefit | Earn 10,000 EDGE reward points worth Rs. 2,000 on the first transaction (first transaction should be made within 30 days from the date of card issuance). | |||
| Reward Benefit | 10 Axis EDGE reward points on every Rs. 200 spent | |||
| Best Feature | Upto 40% off on top online brands* | |||
The Axis Bank SELECT Credit Card gives you 2X points on retail (offline) transactions, which is unique since many cards don't offer extra rewards for in-store purchases. This is beneficial for people who like to shop a lot offline. Although the card offers a good earning rate, the redemption value is at 1 Reward Point (RP) = Re. 0.20 or 10:1 when converting to airline or hotel loyalty programs. Cards like HDFC Regalia and SBI Prime provide stronger redemption value, leading to a better overall value.
Apart from the rewards program, the Axis SELECT card also gives discounts directly in three key areas: dining, entertainment, and groceries through Swiggy, BookMyShow, and Big Basket. If you're someone who travels often, the card provides a free Priority Pass membership with up to 12 international lounge visits each year and a low forex markup fee. For a card charging Rs. 3,000 as annual fee, the features cover much ground and could be a good choice for those who are looking for all-round benefits.
| Table Of Contents | ||
|---|---|---|
| Axis Bank Select Credit Card: Features and Benefits | ||
| Fees and Charges | ||
| Eligibility and Documentation | ||
| Should you get this card? | ||
| Other Similar Credit Cards | ||
| FAQs | ||
Welcome Benefit:
Renewal Benefit:
Milestone Benefits:
Travel Benefits:
Axis SELECT Credit Card offers excellent value for travelers as it provides complimentary access to both international and domestic airport lounges. Cardholders can enjoy the following lounge benefits:
With Axis SELECT Credit Card, you can avail discount on BigBasket, Swiggy and BookMyShow, as shown below:
| Brand | Offer Details | Minimum Transaction Value | Maximum Discount |
|---|---|---|---|
| BigBasket | 20% off in a month | Rs. 2,000 | Rs. 500 |
| Swiggy | Rs. 200 off, twice a month* | Rs. 500 | Rs. 200 |
| BookMyShow | Buy 1 Get 1 Free, one per month | NA | Rs. 300 on second ticket |
*Use promo code AXIS200 at the checkout
Axis SELECT Credit Card provides unique benefits by offering discounts on specific brands in three significant categories: groceries, dining, and movies. While these offers come with minimum transaction values and maximum discount limits, cardholders can enjoy substantial savings each month by using their card wisely for these particular spending categories.
Higher Reward Points on Retail Transactions:
Also read: Best Rewards Credit Cards in India
Please note that certain categories, such as rent, insurance, fuel, educational services, utilities, and government MCC transactions, do not earn any reward points.
How much value-back can cardholders get from this rewards program?
The Axis SELECT Credit Card offers an excellent reward earning rate, particularly for offline spends, which sets it apart from many other cards that provide lower rates in such categories. However, the redemption value for these reward points is relatively low at 1 RP = Rs. 0.20. Cardholders also have the option to transfer their points to airline or hotel loyalty programs, but the redemption rate remains low at 10:1 for most airlines and hotels. For a few brands like Club Vistara, Club ITC, SpiceClub, and Air Asia rewards, the conversion ratio is slightly better at 5:1. This means that 20,000 reward points can be worth Rs. 4,000 for redemption from the catalog or 4,000 air miles (if chosen from the 5:1 brands).
Comparing the actual value with cards like HDFC Regalia, a popular rewards credit card, reveals that while the earning rate may be slightly less impressive, Regalia provides a stronger redemption value, especially for Air Mile Conversion. Similarly, the SBI Card PRIME offers a higher base rate for reward earning and a more favorable redemption rate of 4:1.
Here is a detailed comparison of how much you can save using Axis SELECT, HDFC Regalia & SBI Card Prime:
| Credit Card | Spend Value to Earn 20,000 Reward Points* | Redemption Value of 20,000 Reward Points |
|---|---|---|
| Axis SELECT | Rs. 4 lakh |
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| HDFC Regalia | Rs. 7.5 lakh |
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| SBI Card Prime | Rs. 10 lakh |
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*Considering the base earning rate on each card.
As shown in the table above, Axis SELECT Credit Card enables you to accumulate a substantial number of reward points with a relatively lower spending amount. However, the redemption value falls short compared to HDFC Regalia. Both cards provide decent value for air mile conversion when compared to product purchases from the catalog. If you are a high spender and seek to maximize travel benefits by redeeming reward points, HDFC Regalia might be a more attractive choice due to its stronger redemption value.
By using The Axis SELECT Credit Card strategically, you can significantly reduce your annual expenses. The following example illustrates how much you can save with this card in a year:
| Category | Monthly Transaction Amount | Rewards/ Discount | Monthly Savings |
|---|---|---|---|
| Retail | Rs. 10,000 | Rs. 1,000 RPs | Rs. 200 |
| Other | Rs. 10,000 | Rs. 1,000 RPs | Rs. 200 |
| Swiggy | Rs. 1,000 | Rs. 200, twice a month | Rs. 400 |
| BigBasket | Rs. 2,000 | 20% (Max. Rs. 500) | Rs. 400 |
| BookMyShow | Rs. 600 | Rs. 300 | Rs. 300 |
| Total Monthly Spends/ Savings | Rs. 33,600 | NA | Rs. 1,500 |
| Total Annual Spends | Rs. 4,03,200 | ||
| Annual Savings | Rs. 18,000 | ||
| Milestone Benefit (5,000 EDGE reward points) | Rs. 1,000 | ||
| Total Annual Savings | Rs. 19,000 | ||
Here are the fees and charges associated with The Axis Bank SELECT Credit Card:
| Particulars | Amount |
|---|---|
| Joining Fee | Rs. 3,000 (Nil for Burgundy clients) |
| Annual Fee | Rs. 3,000 (Nil for Burgundy clients) |
| Finance Charges | 3.6% per month | 52.86% p.a. |
| Late Payment Charges** |
For Statement Balance
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The applicant must fulfill the below-mentioned eligibility criteria to apply for Axis Bank SELECT Credit Card:
| Criteria | Details |
|---|---|
| Age | 18 to 70 years |
| Occupation | Salaried and Self-employed |
| Minimum Income | Rs. 6 Lakh per annum |
| Documents Required | Click here for the list of acceptable documents |
Many consumers are increasingly shifting towards online shopping, prompting major card providers in India to enhance their offerings for better online value. However, The Axis Bank SELECT Credit Card stands out as an exceptionally rewarding option for those who still prefer in-store shopping. Cardholders can earn double rewards on retail purchases, and the best part is that this accelerated reward rate isn't limited to specific categories, allowing cardholders to earn substantial rewards across all their offline transactions.
Furthermore, Axis SELECT provides 6 complimentary international lounge visits, with an additional 6 visits available when cardholders reach annual spending of Rs. 3 lakh. This is a significant benefit, especially when considering the card's annual fee. Additionally, the card's discount offers on BookMyShow, Swiggy, and BigBasket encompass a wide range of common everyday spending categories, making it a well-rounded choice for consumers.
One area where the card falls short is in its redemption value, both for catalogue redemption and air mile conversion. While users can accumulate a significant number of reward points, the value they receive in return for those rewards could be improved. Additionally, given that the card offers up to 12 international lounge visits in a year, a lower forex mark-up fee would have added even more value for travelers.
If you are looking for other credit cards that offer benefits similar to Axis Bank SELECT Credit Card then you can refer to the cards mentioned in the table below:
| Credit Cards | Annual Fee (in INR) | Comparative Feature |
|---|---|---|
| Axis Bank Magnus Credit Card | Rs. 10,000 |
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| HDFC Regalia Credit Card | Rs. 2,500 |
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| SBI Prime Credit Card | Rs. 2,999 |
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| YES First Preferred Credit Card | Nil |
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| SBI Elite Credit Card | Rs. 4,999 |
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Yes, you can apply for the credit card, but please be aware that if your application is approved, you will be required to pay both the joining fee and the annual fee, which amounts to Rs. 3,000.
Yes, members at the Burgundy level can apply for this credit card without being charged an annual fee or joining fee. However, there are no additional benefits associated with this exemption.
Yes, you can pay your Axis Bank SELECT credit card bills with cash. The bank allows cash payments at its branches. However, please note that a cash payment fee of Rs. 100 is applicable for such payments. You can visit your nearest Axis Bank branch to make the cash payment.
Axis Bank provides multiple options for making credit card bill payments, both online and offline. Online payment methods include Net Banking, Auto-Debit Service, Debit Card, Axis Mobile App, SMS, and Visa Money Transfer. Additionally, you can make payments through various Axis Bank branches and ATMs, as well as by depositing cash or cheques.
If you wish to increase your credit card limit, you can request it from the bank. The bank will typically review your credit history and financial status. If they are satisfied with your creditworthiness, they may approve the increase in your credit limit. Keep in mind that credit limit increases are not guaranteed and depend on the bank's assessment of your ability to manage additional credit.
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