Axis Bank Festive offer – Earn 3X reward points on credit card spends

Axis Bank is offering great rewards and with the festive season round the corner, Axis bank has rolled out a great offer giving 3X reward points to card holders for the credit card spends from 15th Sept 2022 to 31st October 2022.

Axis Diwali 2022 offer - 3X reward points
Axis Diwali 2022 Festive offer – 3X rewards for you

Offer Details

Offer reward rate3X times your normal rewards on your credit card spends
Minimum SpendsRs. 10,000
How to availGive call to 996602490 from registered phone number
ConfirmationConfirmation SMS will be received
Spends period15th September (or registration date) to 31st October 2022
Cards ApplicablePrivilege, Signature, Magnus, Select, infinite, Reserve, Burgundy Private
Eligible CustomersAnyone receiving notification from Axis via email, sms or App push notification
Excluded TransactionsEMI, Wallet spends, jewellery, fuel spends
Other Important clause– 2 offers can’t be clubbed
– Points to be credit within 90 days after offer ends, which means before 31st Jan 2023

Below is the table showing the Capping for each Axis card variant and additional reward rates to be earned during this festive period.

This value is basically calculated at standard rate of Rs 0.20 per Edge reward point. You may be able to double the value of each point through multi brand vouchers, air miles conversions etc to increase your savings. And these bonus points are above the base rewards you are getting

Credit CardMaximum Spends (in Rs.)Bonus Edge Reward PointsValue of Points (in Rs.)Additional Reward Rate
Burgundy Private1500002250045003%
Capping and additional reward rate for this Diwali 2022 offer

My Views on this offer

This offer from Axis shows why Axis has been a leading issuer of cards and offers like these make it a must have in your wallet. From all my cards, they are the first to roll out the Diwali 2022 season festive offer and I expect other offers to come as well.

As expected, there is always a condition of not more than 1 offer can be availed at any time and no clubbing of 2 offers is possible. This I found understandable. So, Axis Grab deals, Axis Gyftr and other Amazon, flipkart etc offers won’t be eligible for this.

The good part of this offer is that its not online only and will be valid for offline spends as well and other rent spends etc. and these should be sufficient to earn these bonus rewards.

I expect to easily reach my maximum capping and with my Axis Privilege credit card, I intend to double these 2% bonus rewards coupled with 1% rewards, so overall it will mean 6% reward rates for me.

So, I have registered for the offer. Have you ?

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