Archive · 2 Jun 2025
Axis Bank Launches RuPay Credit Card, Announces Rewards Card Changes
Axis Bank and super.money teamed up to create a new credit card that lets you pay with UPI.
You get a little money back when you use the card.
Axis Bank is also changing how its REWARDS card works starting in June.
Some purchases, like paying rent or utilities, won't earn points anymore.
Also, if you close your card or don't pay your bills, you might lose any reward points you haven't used.
Starting July, cardholders can get a discount on Swiggy orders.
Axis Bank and super.money launched a RuPay credit card with UPI-based transactions.
The card offers 3% cashback on 'Scan & Pay' and 1% on other transactions.
Axis Bank is updating REWARDS credit card terms from June 2025.
Spending categories like fuel, rent and utilities will not earn reward points.
Unredeemed reward points may be forfeited upon card closure or overdue payments.
- Who
- Axis Bank, super.money, and RuPay are involved; REWARDS credit card holders are also affected.
- What
- Axis Bank and super.money launched a RuPay credit card and announced changes to REWARDS credit card terms.
- When
- The RuPay credit card is available now, changes to rewards card start in June and October 2025.
- Where
- The credit card is usable where RuPay is accepted.
- Why
- To enhance customer rewards and to comply with RBI regulations.
Bank perspective
Customer perspective
Reward Point Redemption
Bank perspective
Customers have a 30-day grace period after card closure to redeem reward points.
Customer perspective
Customers may not redeem all reward points if card is closed or has overdue payments.
- Bank
- Axis Bank
- Card Network
- RuPay
- Cashback super.money
- 3% on Scan & Pay, 1% on others
- Card type
- Co-branded credit card
- Launch Date
- Available now
- REWARDS Card Changes Start
- June 20, 2025
- Swiggy Discount
- ₹150 off (₹500 min. order) - starts July 1, 2025
- Reward Point Forfeiture
- October 1, 2025
