Axis Bank Online Rewards Debit Card - Benefits, Charges and Eligibility

Axis Bank Online Rewards Debit Card Overview

Axis Bank Online Rewards Debit Card lest the card holders move on from cash on delivery.

Axis Bank Online Rewards Debit Card Features

  • High Transaction Limits: Rs. 50,000 - daily withdrawal limit & Rs. 4 lakhs - daily purchase limit
  • EMV Chip Debit card offering you the highest level of security backed with the convenience of contactless payments
  • In case of an emergency, block your Debit Card instantly

Axis Bank Online Rewards Debit Card Eligibility

Issued to savings and salary account holders below Priority (except No-frills and Basic Savings Account holders).

Axis Bank Online Rewards Debit Card Fees & Charges

  • Issuance Fees - Primary/Joint: Rs. 500 + Taxes
  • Annual Fees: Rs. 500 + Taxes
  • Replacement/Re-Issuance Fees: Rs 200 + applicable Goods and Services Tax
  • A cross-currency mark-up of 3.5% will be levied in case of all international cash withdrawal and purchase transactions

Axis Bank Online Rewards Debit Card Benefits

  • Annual Vouchers: Rs. 500 voucher on first purchase & Rs 1000 worth vouchers on spends every year
  • Activation Offer: Get 2500 eDGE Loyalty Points worth Rs 500 on your first purchase using your debit card within 30 days of Card issuance
  • When you spend on your Online Rewards Debit Card Rs. 1,00,000, you get rewarded with vouchers worth Rs. 1000 every year
  • Get 10% Discount on Movie Tickets
  • Earn Accelerated eDGE Loyalty Rewards on Online Spends
  • Easily generate your Debit Card PIN
  • Enjoy higher transaction limits
  • Personal Accident (Including Permanent Total Disability) Insurance Cover of Rs. 5 lakhs
  • Air Accident Cover of Rs. 1 crore
  • Access to 24-hour customer service number to report a missing card
  • Zero lost card liability as insurance against risk of loss due to fraudulent use of a lost/stolen/missing debit card
  • All consumer durable goods purchased using debit cards insured against fires, natural calamities, burglary and housebreaking upto 90 days from the date of purchase, making you eligible for a combined lost card liability and purchase protection of upto Rs.50,000
  • Travel insurance- Lost baggage & Delay in Baggage, upto Rs.50,000
  • To avail the insurance covers, your debit card needs to be used for purchases 180 days prior to the date of the mishap

What is EMV-Chip Based Debit Card?

EMV stands for Europay MasterCard and Visa, who developed this technology. EMV-chip based debit cards are the debit cards which have embedded microprocessor chip that stores and protects cardholders' information/ data. It uses enhanced security features to protect the important date of the card holders and discourages card's unauthorized usage.

EMV-chip based debit card generates fresh user data every time the user transacts. Therefore, it is impossible for hackers/ fraudsters to steal the information or copy the original data from any card. Further, EMV technology uses your debit card as well as PIN to complete any transaction.

What is a Contactless Debit Card?

Contactless debit card is a sensor embedded new age debit card that works on Near Field Communication (NFC) Technology using Radio Transmission to ascertain contact when the card is brought near a terminal. This enables the customers to make payments up to Rs.5,000 without swiping their cards & entering a PIN.

Benefits of a Contactless Card

  • Fast & Convenient
  • Safe & Secure
  • No chance of losing or misplacing it

The Reserve Bank of India (RBI) has asked all banks in the country to replace magnetic-strip debit/ credit cards with EMV-chip based cards by 31 December 2018 as magnetic cards are quite vulnerable to skimming. Banks have already replaced the existing magnetic strip debit/ credit cards with latest EMV chip cards. Banks will provide it free of cost.