Axis Bank Rewards cashback rate, cap and annual fee
Axis Bank Rewards pays 3.2% on supermarkets — on the first INR 7,000 you spend on it each month, which is where the INR 224 cap stops it. The card costs INR 1,000 a year.
Axis Bank · India · catalogue v101
Read from Axis Bank's own published terms on 20 Sep 2026.
INR 1,000Annual fee
3.2%Best rate
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| supermarkets | 3.20% | INR 224reached at INR 7,000 of spendApparel and departmental stores at ten times the base rate. 1,120 points a month, reached at ₹7,000 of it. |
| everything else | 0.32% | —Two EDGE REWARD Points per ₹125 on everything else, which Axis describes as unlimited. |
| fuel | None | —Fuel earns no points. The 1% surcharge waiver still applies, up to ₹400 a statement. |
The card that made the rest of this batch checkable: its value chart is where Axis writes down that one EDGE REWARD Point is ₹0.20. The rate itself is modest — two points per ₹125 is 0.32% — with a 10X band on apparel and departmental stores that works out at 3.2% and runs out at ₹7,000 of such spending a month. Fuel earns nothing. Axis's own benefit table counts ₹12,000 of lounge access at an assumed ₹1,500 a visit, which is most of the case it makes for the card and none of the reward rate. The published fee is ₹1,000 to join and ₹1,000 a year; the American Express version of this card is currently free for life, and the fee recorded here is the higher, published one. The terms refer to restricted categories earning nothing without listing them on this page, so the base rate here may cover ground the card does not. Source: axisbank.com product page, checked 20 Sep 2026.
Questions people ask
What cashback does the Axis Bank Rewards pay?
3.2% on supermarkets and 0.32% on everything else. The top rate is capped at INR 224 a month.
Is there a cap on the Axis Bank Rewards?
Yes. supermarkets is capped at INR 224 a month.
What is the annual fee on the Axis Bank Rewards?
INR 1,000 a year.
Knowing the rate is not the same as remembering it
PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. It works offline and never connects to a bank.
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