Axis Bank KWIK RuPay Credit Card
Joining Fee: No joining fee
Renewal Fee: No renewal fee
Reward Type: Reward Points
Rewards Program
Earn Rate: 2 EDGE Reward Points (EDGE RP) per ₹200 spent on both domestic and international transactions.
Exclusions: No rewards on wallet reloads, rental payments, cash withdrawals, fuel spends, jewelry purchases, government services, education, EMI transactions, and UPI transactions under ₹2,000.
Credit Timing: Reward points are credited to the EDGE Rewards account within 7 working days.
Rewards Redemption
Redemption Options: Points can be redeemed for products, gift vouchers, flight and hotel bookings, or converted to Airmiles through the EDGE Rewards Portal.
Redemption Fees: ₹49 plus taxes for redeeming 300 to 10,000 points; ₹99 plus taxes for redeeming more than 10,000 points.
Fuel Surcharge Waiver
Waiver Details: 1% surcharge waiver on fuel transactions between ₹400 and ₹4,000. Maximum waiver capped at ₹150 per month.
Other Finance Charges
Interest Rate: 3.6% per month, equivalent to 52.86% per annum.
Forex Markup Fee: 3.5% of the transaction amount.
Rent Transaction Fee: 1% of the transaction amount, capped at ₹1,500 per transaction.
Summary
This credit card offers 2 EDGE Reward Points per ₹200 spent on both domestic and international transactions, though key exclusions include wallet reloads, rent, fuel, jewelry, and UPI transactions under ₹2,000. Points are credited within 7 working days and can be redeemed for a variety of options like products, gift vouchers, travel bookings, or Airmiles, though redemption fees apply. The card also provides a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹150 per month. With no annual or joining fee, this lifetime-free card is appealing, but the exclusions on earning rewards and the high forex markup fee may limit its value for some users.