Axis Bank SELECT Credit Card: High Rewards on Retail Spends

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

Axis Bank SELECT Credit Card
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.

Welcome Benefit:

  • You can earn 10,000 EDGE reward points worth Rs. 2,000 on your first transaction made within 30 days of card issuance.

Renewal Benefit:

  • The card offers automatic renewal benefits for BigBasket, Swiggy, and BookMyShow.
  • If you spend Rs. 3 lakh in the previous year, you can renew your Priority Pass Membership from the second year onwards.

Milestone Benefits:

  • You can earn 5,000 EDGE reward points by spending Rs. 3 lakh in a card anniversary year.
  • Achieving a spend of Rs. 6 lakh in a card anniversary year will result in an annual fee waiver.

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:

  • Complimentary Priority Pass Membership in the 1st year upon making the first transaction within 30 days of card issuance.
  • Access to 6 international lounge visits annually at over 1,200 international airport lounges.
  • An additional 6 international lounge visits per year by spending Rs. 3 lakh or more in that calendar year.
  • 2 complimentary domestic lounge visits per quarter.

Discount on Top Online Brands

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:

  • Earn 10 Axis EDGE reward points for every Rs. 200 spent.
  • Enjoy 2X (20) Axis EDGE reward points for every Rs. 200 spent on retail transactions.
  • Redeem your reward points at a value of 1 EDGE Reward Point = Re. 0.20.

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.

Rewards Value: Axis SELECT vs. HDFC Regalia vs. SBI Card PRIME

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
  • Product Catalogue = Rs. 4,000
  • Air Miles (with Club Vistara, Club ITC, SpiceClub and Air Asia) = Rs. 4,000
  • Air Mile (with other airlines) = Rs. 2,000
HDFC Regalia Rs. 7.5 lakh
  • Flights and hotel bookings via SmartBuy = Rs. 10,000
  • Air Mile Conversion = Rs. 10,000
  • Product Catalogue = Rs. 7,000
  • Cashback = Rs. 4,000
SBI Card Prime Rs. 10 lakh
  • Redemption via SBI Card’s Rewards Portal = Rs. 5,000

*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.

Yearly Savings through Axis Bank SELECT Credit Card

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
  • Less than Rs. 500: Nil
  • From Rs. 501 to Rs. 5,000: Rs. 500
  • From Rs. 5,001 to Rs. 10,000: Rs. 750
  • Greater than Rs. 10,000: Rs. 1,200

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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

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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.

You should consider getting this card if:

  • You either prefer offline spends or already have a credit card for online spends
  • You frequently travel within India as well as internationally and would like to avail complimentary lounge visits
  • You spend on Swiggy, BigBasket and BookMyShow every month as discounts on these brands would help you save a lot
  • You can easily spend Rs. 6 lakh in a year to avail annual fee waiver

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
  • 1 free domestic flight ticket
  • 8 free International Priority Pass lounge visits
HDFC Regalia Credit Card Rs. 2,500
  • 4 reward points per Rs. 150 spent
  • 12 complimentary lounge visits
SBI Prime Credit Card Rs. 2,999
  • 20X reward points on select spends
  • Complimentary lounge access
YES First Preferred Credit Card Nil
  • 1.75% Foreign Currency Conversion Fee
  • Priority Pass Membership
SBI Elite Credit Card Rs. 4,999
  • Free domestic and international lounge visits
  • Forex Mark-up fee of 1.99%

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1. I am not a Burgundy Client can I apply for this Axis Bank Credit Card?

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.

2. Are there any special benefits given to Burgundy level members of Axis Bank?

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.

3. Can I pay my Axis Bank SELECT Credit Card bill in cash?

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.

4. How can I make my Axis Bank SELECT Credit Card bill 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.

5. What process does one need to follow to increase the credit limit on Axis Bank SELECT Credit Card?

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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