Get rewards points on every purchase made on all types of cards, accounts, forex, and NRI with 3 years of validity for the customer to redeem on various types of merchandise offered by the bank. Lets discuss about Edge Rewards.
Axis bank offers its customers with special loyalty program known as edge rewards which offers customers reward points on every transaction made through any card, account, forex, and NRI owned by them. More details about the edge rewards are given below.
Details about Edge rewards.
Overview: Originally named UTI the Axis bank was founded in 1993 as a private bank based in Mumbai. It offers its customers various types of banking services from overdraft to home banking. Today Axis bank has over 78300 employees and has a net annual profit of $31.64 billion. Axis bank also offers its customers with specially created loyalty program known as edge rewards offering rewards points on every transaction made by them on their accounts to cards which can be claimed against over 500 plus exciting rewards.
Edge rewards: Axis bank offers its customers various rewards points based on their account balance maintenance and other expenses on their cards, forex, NRI accounts, etc. Following are the edge rewards offered by Axis bank on various types of services used by the customers and to avail them:
- Points rewarded for various services:
- Burgundy rewards: By opening a burgundy account in Axis bank the customer can enjoy special accelerated rewards points through edge rewards on various transactions made using a burgundy account. Following are the rewards points offered on the burgundy account for the customers:
- 100 points on making a credit transaction of $1500 or more: If the customer makes a credit transaction of above $1500 or more then they will be awarded 100 points.
- 250 points plus if the customer opens an IB/MB account within 30 days of opening the burgundy account: The customers are awarded extra 250 points if they also open an IB or MB account with a burgundy account.
- 20 points on bill payments: Every bill payment made on a burgundy account will give the customers with 20 points.
- 2-6 points on every purchase made through the burgundy debit card: The customers can make 2 to 6 points on every purchase made through the burgundy account debit card.
- Accelerated point rewards: These are special offers made by the Axis bank on some partnered retail or shoppers to reward customers with 2x or 10x reward points on their purchase. Every point is based on the amount spent by the customers.
- NRI: The NRI account holder customers can receive reward points based on their average monthly balance. Following are the reward point offered to the customers with NRI accounts:
- AMB 25K TO 100K: The customers have been rewarded 25 points to 400 points based on their credit and expenditure reports.
- AMB 100K TO 500K: The customers have been rewarded 50 points to 800 points based on their credit and expenditure reports.
- AMB above 500K: The customers have been rewarded 75 points to 1200 points based on their credit and expenditure reports.
- Credit card: The customers are rewarded rewards points based on their type of credit card and annual usage of their credit card. Following are the reward points offered on various credit cards:
- Commercial credit card: The customers have been rewarded 1-2 points for every $2.63 spent on it at any retail or store.
- Shopping reward credit card: The customers have been rewarded 2 points for every $2.63 spent on it at any retail or store.
- Silver credit card: The customers have been rewarded 2-4 points for every $2.63 spent on it at any retail or store.
- Gold credit card: The customers have been rewarded 2-4 points for every $2.63 spent on it at any retail or store.
- Titanium credit card: The customers have been rewarded 2-8 points for every $2.63 spent on it at any retail or store.
- Pride platinum credit card: The customers are rewarded 4 points on every $2.63 spent on it on any retail or store.
- Forex: The customers are awarded the following points on a forex account based on their transaction:
- Outward remittance through internet banking: The customers have been rewarded 500 points on their outward remittance done through internet banking.
- Outward remittance through branch: The customers have been rewarded 250 points on their outward remittance done through the branch.
- Loading of travel currency: The customers can receive rewards points up to 250 on travel currency loading in their account.
- Rewards: The customers are offered over 500 plus products as rewards which can be claimed using reward points that include toys, electronics, ceramics, coats, kitchen products, etc., distributed according to the points for the customers to pick from to avail rewards points.
- How to avail of reward points: Following are the steps to claim the rewards points earned by the customers:
- The customers have to login into their internet banking with the Axis bank app or on the official website- “www.axisbank.com”.
- The customers then have to select the edge rewards option in the account section and accept the term and conditions and click continue.
- The customer can then select their choice of product within the available points limits and claim them using their points.
Benefits:
- Axis bank offers various reward points for every type of service offered by the bank.
- The customers can avail of the awarded points against 500 plus products offered by the bank.
Conclusion:
Get rewarded on transactions made through Axis bank. From credit cards to forex accounts the customers can receive reward points on every purchase made with edge rewards. The points can be redeemed on the official website of Axis bank- “www.axisbank.com” with over 500 plus products available based on points collected by the customers. The customers can enjoy every transaction with an extra reward with Axis bank.
FAQ’S
Q-What is the minimum amount receive in reward points?
- The customer has to spend a minimum of $2.63 for receiving any points on any type of service.
Q-How to pick the best offers to redeem?
- The customers can choose the best reward based on their points availability before the expiration of the points.
