Axis Bank Reserve Credit Card Review: Should You Opt for This Credit Card?

Welcome to our comprehensive review of the Axis Bank Reserve Credit Card, the pinnacle of premium offerings by Axis Bank. This super-premium credit card is designed to provide an unparalleled experience to its discerning customers. With an impressive reward rate and an array of exclusive privileges, the Axis Bank Reserve Credit Card truly stands out in the market.
One of the key highlights of this credit card is its exceptional reward program. By using the Axis Bank Reserve Credit Card for your domestic spends, you can enjoy an attractive effective reward rate of 1.5%. Additionally, for international transactions made with the card, you earn 2x reward points, making it an enticing choice for globetrotters and frequent flyers.

However, the benefits of this card go far beyond its reward program. As a cardholder, you gain access to a host of value-added privileges. Imagine enjoying complimentary access to domestic and international airport lounges, ensuring a seamless and luxurious travel experience. Moreover, the card grants you membership to renowned hotel loyalty programs such as ITC

Culinaire, Accor plus, and Club Marriott, elevating your stay and creating unforgettable memories.
But that’s not all. The Axis Bank Reserve Credit Card also offers membership to exclusive dining programs like Eazydiner Prime, allowing you to indulge in culinary delights at some of the finest restaurants. With numerous add-on benefits, this card ensures that every aspect of your lifestyle is enhanced and elevated.

In this review, we will delve into the various features and benefits of the Axis Bank Reserve Credit Card, providing you with a detailed understanding of why it is the ultimate choice for those seeking a credit card that offers both financial advantages and an exclusive lifestyle experience. So let’s explore the Axis Bank Reserve Credit Card and unlock a world of rewards and privileges.

Features and Benefits of Axis Bank Reserve Credit Card

The Axis Bank Reserve Credit Card is a super-premium offering that provides an extensive range of features and benefits, making it an exceptional choice for individuals seeking a luxurious and rewarding credit card experience. Here are the remarkable features and benefits of this exclusive card:

• Reward Points and Welcome/Renewal Benefits: Receive 50,000 Edge Reward Points as a welcome benefit upon card activation. Additionally, earn an annual bonus of 50,000 Edge Reward Points upon card membership renewal, subject to the realization of the annual fee.
• Travel Benefits: Enjoy a range of travel privileges, including 8 complimentary VIP assistance services at airports, luxury airport pick-ups/drop-offs at select locations, and unlimited access to domestic airport lounges. Also, avail yourself of unlimited airport lounge access at select international airports worldwide through the complimentary Priority Pass membership.
• Club Memberships: Gain access to prestigious club memberships, such as Club ITC Culinaire and Accorplus. With Club ITC Culinaire, enjoy benefits like complimentary third-night stays, discounted room tariffs on suites, and enticing discounts on food and beverage expenses. Under the Accorplus program, relish complimentary room upgrades, dining discounts, complimentary lunch buffets for two, and free stays at Accor hotels across the Asia Pacific region.
• Exclusive Hotel Offers: Indulge in exclusive offers at renowned hotels and resorts. Experience a 15% discount on room rates at Oberoi hotels and resorts, along with the option for a complimentary third-night stay or a 50% discount on suites. At Postcard Hotels in Goa, enjoy a 15% discount on room rates, flexible check-in and checkout facilities, and complimentary lifestyle consultations.
• Luxury Airport Transfers: Enhance your travel experience with luxury airport transfers arranged by the card issuer, ensuring a hassle-free journey from the airport to your final destination.
• Movies and Dining Benefits: Avail yourself of a Buy One Get One offer on movie and non-movie tickets through BookMyShow, providing significant savings. With the Eazydiner Prime membership, enjoy up to 25% off at premium restaurants across the country. Explore a vast network of over 4,000 partner restaurants and enjoy discounts of up to 20% through Axis Bank’s Dining Delights program.
• Handpicked Experiences: Unlock a world of curated experiences through extraordinaryweekends.com, including sailing, unique tours, golfing, and even becoming a chef for a day.
• Golf Benefit: Delight in your passion for golf with 50 complimentary rounds every year at premier golf destinations across the country.
• Health and Medical Benefits: Access exclusive health and medical benefits, such as a complimentary information session and a 25% discount on health and wellness coaching plans from Weljii. Receive a referral-based service for a second medical opinion from world-class specialists at reputed international hospitals. Enjoy discounts on health packages and pathology tests at Dr. Pathlabs and Metropolis. Additionally, benefit from global medical assistance through Axis Bank’s concierge service.
• Insurance Benefits: Receive comprehensive insurance coverage, including purchase protection, loss/delay in baggage/personal documents coverage, credit shield, and coverage for counterfeit or lost cards, providing you with peace of mind during your financial transactions.
• Fuel Surcharge Waiver: Enjoy a 1% waiver on fuel surcharges for purchases between Rs. 400 and Rs. 4,000, with a maximum waiver amount of Rs. 400 per statement cycle.

Axis Bank Reserve Credit Card Rewards

The Axis Bank Reserve Credit Card offers an attractive rewards program that allows cardholders to earn Edge Reward Points for their spending. Here are the key details regarding the rewards offered by this prestigious card:

• Reward Points Earning Rate: For every Rs. 200 spent using the Axis Bank Reserve Credit Card, you earn 15 Edge Reward Points. This means that your everyday purchases contribute to accumulating points that can be redeemed for a wide range of exciting rewards.
• International Spending Bonus: The rewards program of this card goes a step further by offering 2X Edge Reward Points on all international transactions made using the card. This means that when you use your Axis Bank Reserve Credit Card for international spending, you earn double the reward points compared to domestic purchases.
• Redemption Opportunities: Once you have accumulated a significant number of Edge Reward Points, you can redeem them for a variety of options. These options may include travel bookings, merchandise, gift vouchers, lifestyle products, and more. With a diverse range of redemption choices, you can choose rewards that align with your preferences and enhance your overall experience as a cardholder.
• Maximizing Rewards: To make the most of the rewards program, consider leveraging your card for both domestic and international spending. By utilizing the card for your everyday expenses and taking advantage of the 2X reward points on international transactions, you can accumulate points at an accelerated rate. This allows you to unlock a wider range of rewards and enjoy more value from your Axis Bank Reserve Credit Card.

Axis Bank Credit Card Fees and Charges

When considering the Axis Bank Reserve Credit Card, it is essential to be aware of the associated fees and charges. Here are the key details regarding the fees and charges applicable to this premium credit card:

• Annual Fee: As a premium credit card, the Axis Bank Reserve Credit Card comes with a significant annual fee of Rs. 50,000 for the card’s membership. This fee grants you access to a wide range of exclusive privileges and benefits offered by the card.
• Interest Rate: In case you are unable to pay the full amount due on your credit card statement, an interest rate of 3% per month (or 42.5% annually) will be applicable to the outstanding balance on the card. It is important to manage your card payments effectively to avoid incurring high interest charges.
• Foreign Currency Mark-up Fee: For foreign currency transactions made with the Axis Bank Reserve Credit Card, a competitive foreign currency mark-up fee of just 1.5% of the transaction amount applies. This fee is comparatively lower than standard rates, making it advantageous for those who frequently engage in international transactions.
• Cash Advance Fee: The Axis Bank Reserve Credit Card offers the convenience of cash withdrawals from ATMs. The good news is that no cash advance fee is applicable when you use the card for cash withdrawals. This feature can be particularly useful in situations where cash is necessary and provides added flexibility to cardholders.

Understanding the fees and charges associated with the Axis Bank Reserve Credit Card is crucial for managing your card usage effectively. While the annual fee is higher due to the card’s premium status, it is balanced by the exclusive benefits and privileges offered. Remember to pay your outstanding balance promptly to avoid interest charges and utilize the card’s foreign currency mark-up fee advantage when making international transactions. With careful management, you can fully enjoy the benefits of the Axis Bank Reserve Credit Card while keeping the associated fees and charges under control.

Axis Bank Reserve Credit Card Reward Redemption

When it comes to redeeming the Edge Reward Points earned with the Axis Bank Reserve Credit Card, cardholders have a range of options to choose from. Here are the key details regarding the reward redemption process:

• Edge Rewards Portal: Axis Bank provides an exclusive Edge Rewards portal where cardholders can redeem their accumulated Edge Reward Points. On this platform, you have the flexibility to choose from a variety of options, including instant vouchers and exclusive products. This allows you to personalize your rewards based on your preferences and needs.
• Conversion Rate: The conversion rate for Edge Reward Points is 1 Edge Reward Point = Rs. 0.20. This means that for every 1 Edge Reward Point you redeem, you will receive a value of Rs. 0.20 in rewards.
• Reward Rate on Spends: With the Axis Bank Reserve Credit Card, you can earn Edge Reward Points on both domestic and international spends. The reward rate is 1.5% on domestic spends, meaning that for every Rs. 200 spent domestically, you earn 1.5 Edge Reward Points. On international spends, the reward rate is 3%, giving you 3 Edge Reward Points for every Rs. 200 spent internationally. These reward rates provide you with attractive earning potential as you use your card for various transactions.
• Edge Miles Conversion: Along with the option to redeem for vouchers and products, Axis Bank Reserve Credit Card holders can also convert their Edge Reward Points into Edge Miles. These Edge Miles can be transferred to various participating international and domestic airline programs. The conversion ratio for Edge Miles may vary depending on the airline program, with a favorable ratio of 5:4 applicable to programs like Air Vistara, Etihad Airways, Qatar Airways, Marriot International, and others. This exciting feature allows you to elevate your travel experiences and maximize the value of your accumulated rewards.

With the Axis Bank Reserve Credit Card, you can enjoy the flexibility and benefits of the Edge Reward Points program. Whether you prefer instant vouchers, exclusive products, or converting your points into airline miles, the reward redemption process allows you to maximize the value of your earned rewards. Take advantage of the attractive reward rates on domestic and international spends to accumulate points and explore the diverse redemption options available to you.

Also read:

• Axis Bank Customer Care Services At Its Best!
• Activate Axis Bank Debit Card for International Transactions
• Nestle India Share Price Target 2023 to 2030: Can Nestle touch 30,000 INR in 2023?
• Am I eligible for an Axis Credit Card?

FAQs

How can I apply for the Axis Bank Reserve Credit Card?

To apply for the Axis Bank Reserve Credit Card, you can visit the official website of Axis Bank or visit your nearest Axis Bank branch. The application process typically involves providing the necessary documentation and meeting the bank’s eligibility criteria.

What are the customer reviews and feedback for the Axis Bank Reserve Credit Card?

Customer reviews and feedback for the Axis Bank Reserve Credit Card may vary. It is advisable to research and read reviews from existing cardholders or consult with Axis Bank representatives to understand the experiences and opinions of others who have used the card.

What makes the Axis Bank Reserve Credit Card stand out among other credit cards?

The Axis Bank Reserve Credit Card stands out due to its super-premium status, offering exclusive benefits and privileges such as complimentary lounge access, hotel memberships, golf games, comprehensive insurance coverage, and more.

Can the Axis Bank Reserve Credit Card be used for international transactions?

Yes, the Axis Bank Reserve Credit Card can be used for international transactions, and it has a lower foreign currency markup fee of 1.5% on such transactions, making it advantageous for international spending.

Conclusion

The Axis Bank Reserve Credit Card is an exceptional super-premium credit card offered by Axis Bank. With its high annual fee of Rs. 50,000, it competes directly with renowned cards like the American Express Platinum Charge Card and Yes Private Credit Card. However, what truly sets the Axis Bank Reserve Credit Card apart is not just its attractive reward rates of 3% on international spends and 1.5% on domestic spends, but also the extensive range of travel benefits it provides.

Designed to cater to the needs of frequent travelers, the Axis Bank Reserve Credit Card offers a multitude of exclusive privileges. It includes complimentary memberships such as Accorplus and Club ITC Culinaire, granting you access to a host of benefits at renowned hotels and resorts. Additionally, cardholders can enjoy exclusive discounts and offers at Oberoi hotels and resorts, adding an extra touch of luxury to their travel experiences. These exceptional travel benefits make the Axis Bank Reserve Credit Card an ideal choice for discerning travelers seeking a premium credit card.

By choosing the Axis Bank Reserve Credit Card, you gain access to a world of exclusive perks and advantages that align with the expectations of a super-premium credit card. Whether you’re a frequent flyer or someone who values luxury travel experiences, this card is tailored to meet your needs and elevate your journeys.

Author: Vedanti KiranVedanti is a female finance writer, currently pursuing her studies at Hansraj College. She has a passion for writing and travelling, and her articles on the stock market, finance, investment, and cryptocurrency are well-researched and informative. With her unique perspective on the world of finance, Vedanti is a go-to source for those seeking insights into the world of finance.