Axis Bank Rewards Plus Debit Card - Benefits, Charges and Eligibility
Axis Bank Rewards Plus Debit Card Overview
Axis Bank Rewards+ Debit Card lets the card holders earn more points and offers enhanced purchase limits and benefits.
Axis Bank Rewards Plus Debit Card Features
- Issued on Visa - Rewards+ platform
- High Transaction Limits: Rs. 50,000 - daily withdrawal limit & Rs. 4 lakhs - daily purchase limit
- Easily generate your Debit Card PIN
- Enjoy the convenience of Contactless Payments with Power Packed Benefits
- Design your card with an image of your choice or choose from a wide array of gallery images
- In case of an emergency, block your Debit Card instantly
Axis Bank Rewards Plus Debit Card Eligibility
Issued to savings and salary account holders below Priority (except No-frills and Basic Savings Account holders).Axis Bank Rewards Plus Debit Card Fees & Charges
- Issuance Fees - Primary/Joint: Rs. 500 + Taxes
- Annual Fees: Rs. 300 + Taxes
- My designe charges: Rs. 150
- 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 Rewards Plus Debit Card Benefits
- 5% Discount on both online and box office bookings
- Complimentary access to select airport lounges in India: Limit 1 visit per quarter
- Fuel Surcharge Waiver: With a cap of Rs. 200 on the monthly amount of fuel surcharge waived and no reward points will be awarded on fuel purchases
- Personal Accident (Including Permanent Total Disability) Insurance Cover of Rs. 5 lakhs
- Earn eDGE Loyalty Rewards
- Air accident Insurance 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, upto Rs. 2 lakh
- All consumer durable goods purchased using debit cards insured against fires, natural calamities, burglary and housebreaking up-to 90 days from the date of purchase, making you eligible for a combined lost card liability and purchase protection of up-to Rs.2 Lakhs
- For Personal Accident Insurance, Combined lost card liability and purchase protection cover, to remain active; there should be at least one purchase transaction (POS/E-com) within 180 days prior to the date of 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.