Axis
Axis Shoppers Stop Credit Card
This is an invite only card
Apply and get ₹1750 Rewards
Top Benefits
Earn 20 First Citizen Points
per ₹200 on Shoppers Stop Exclusive (private label) brands and 12 points per ₹200 on other Shoppers Stop brands
Earn 2 First Citizen Points Per ₹200
on eligible spends outside Shoppers Stop
Best For
Shopping
If you find yourself frequently browsing the aisles of Shoppers Stop or filling your online cart on the...
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If you find yourself frequently browsing the aisles of Shoppers Stop or filling your online cart on the...
If you find yourself frequently browsing the aisles of Shoppers Stop or filling your online cart on their website, the Axis Shoppers Stop Credit Card is built exactly for you. This retail co-branded card turns your regular apparel and beauty purchases into a highly rewarding experience. Instead of settling for a standard 1 percent return on your shopping, this card gives you up to 5 percent value back on Shoppers Stop Exclusive Brands and automatically upgrades you to the Golden Glow membership tier.
This card targets department store loyalists who want straightforward savings without navigating complex reward catalogs. For a reasonable joining fee of Rs. 500, you get welcome vouchers that completely offset the initial cost. While it does not offer premium travel perks like lounge access, it beats many entry-level cards by giving you exclusive early access to major sales, extended exchange periods, and free home delivery for your store purchases.
View FAQ
Commonly Asked Questions
Is the Axis Shoppers Stop Credit Card lifetime free?
No, this card is not lifetime free. It comes with a joining fee of Rs. 500 and an annual fee of Rs. 500, though the annual fee is waived if you spend Rs. 1 lakh or more in a year.
Is this a good credit card for daily use?
It is excellent for Shoppers Stop purchases where you get a high return. However, for daily expenses outside of Shoppers Stop, it only offers a basic 0.5 percent value back, making it less ideal as a primary card for groceries or bills.
Who should apply for this card?
You should apply if you spend at least Rs. 10,000 to Rs. 15,000 annually at Shoppers Stop, Homestop, or their beauty partner brands. The welcome vouchers and accelerated reward points will easily outweigh the annual fee.
What makes this card different from standard cashback cards?
Unlike standard cashback cards, this card gives you brand-specific VIP perks like a 45-day extended return window, complimentary Golden Glow Membership, and early access to end-of-season sales.
Expert Review
The Axis Shoppers Stop Credit Card does exactly one thing, and it does it very well. As a credit card reviewer, I appreciate when a co-branded card actually delivers massive value at the partner brand. Getting an effective 5 percent return on Exclusive Brands, coupled with VIP sale access and a 45-day return policy, makes this a powerhouse for anyone refreshing their wardrobe frequently. The joining fee is a non-issue because the Rs. 2,250 in welcome vouchers cover it five times over.
However, my major criticism lies in its base reward rate. Offering just 2 points per Rs. 200 (a 0.5 percent return) on all other spending is incredibly weak in today's market. You are practically losing money if you use this card to buy groceries or book flights compared to standard cashback cards. My verdict: Get this card solely to use at Shoppers Stop and Homestop. For the rest of your life, keep a flat 5 percent cashback card like the SBI Cashback or Amazon Pay ICICI in your wallet to do the heavy lifting.
Joining / Annual Fee
Joining Fees
₹590 ( ₹500 + GST )
Annual Fees
₹590 ( ₹500 + GST )
Axis Bank keeps the fee structure for this card very reasonable, especially considering the heavy welco...
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Axis Bank keeps the fee structure for this card very reasonable, especially considering the heavy welco...
Axis Bank keeps the fee structure for this card very reasonable, especially considering the heavy welcome benefits. The card has a one-time joining fee and a recurring annual fee, but there are built-in ways to ensure you never truly feel the cost.
The joining fee is Rs. 500 (plus applicable GST). This is charged on your very first statement. However, the bank offsets this completely by giving you First Citizen points worth Rs. 300 and Shoppers Stop vouchers worth Rs. 2,250 once you make your first transaction within 30 days. Essentially, you pay Rs. 500 to receive over Rs. 2,500 in shopping value.
From the second year onward, a renewal or annual fee of Rs. 500 (plus GST) applies. You do not have to pay this if you use the card regularly. The annual fee is entirely waived if you spend Rs. 1 Lakh or more during your card anniversary year. Breaking that down, you only need to spend about Rs. 8,333 a month on the card across your groceries, dining, online shopping, and retail purchases to make the card effectively free for the next year.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 500 plus applicable taxes, charged when the card is issued.
Is the joining fee one-time or recurring?
The joining fee is a strict one-time charge. From the second year, you pay an annual renewal fee instead.
Can the joining fee be waived?
The joining fee is not waived, but it is heavily offset. By paying Rs. 500, you get back welcome benefits including Rs. 2,250 in vouchers and Rs. 300 in reward points.
Is there a welcome bonus to offset the joining fee?
Yes, making your first transaction within 30 days unlocks Shoppers Stop vouchers and reward points that offer value far exceeding the Rs. 500 fee.
What is the annual or renewal fee?
From the second year onwards, the annual maintenance fee is Rs. 500 plus applicable taxes.
From when is the annual fee charged?
The annual fee is charged in the 13th month of your card membership, marking the start of your second year.
Is there an annual fee waiver option?
Yes, the Rs. 500 annual fee is waived completely if you meet the bank's spending conditions during the preceding year.
What is the spending requirement for annual fee waiver?
You need to spend Rs. 1 Lakh or more in a year. For example, averaging Rs. 8,333 per month in card spends will automatically qualify you for the waiver.
What happens if I don't meet the fee waiver spending requirement?
If your total annual spends fall short of Rs. 1 Lakh, the Rs. 500 fee plus GST will appear on your statement at the start of your next membership year.
Eligibility
Age
Criteria*
18-70 years
Salary
Criteria*
2LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
Before you get excited about the shopping benefits, you need to ensure you meet Axis Bank's strict elig...
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Before you get excited about the shopping benefits, you need to ensure you meet Axis Bank's strict elig...
Before you get excited about the shopping benefits, you need to ensure you meet Axis Bank's strict eligibility requirements. The bank has clear age and income cutoffs for both salaried and self-employed applicants.
The primary applicant must be between 21 and 70 years old at the time of application. For your income, salaried professionals need a minimum annual income of Rs. 2 Lakh. That translates to roughly Rs. 16,666 per month, making this a highly accessible card for entry-level professionals. If you are self-employed or run a business, you must present a minimum Annual Income Tax Return (ITR) of Rs. 6 Lakh. That is equivalent to earning Rs. 50,000 per month.
Furthermore, a healthy credit profile is non-negotiable. The bank explicitly requires a CRIF score of 720 or above. If your credit score is below 720, or if you have recent defaults, your application is highly likely to be rejected regardless of your income.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary cardholder must be at least 21 years old to be eligible for the Axis Shoppers Stop Credit Card.
What is the maximum age limit for the primary cardholder?
The upper age limit for eligibility is 70 years at the time of application.
What is the minimum salary required for salaried applicants?
Salaried individuals need a minimum annual income of Rs. 2 Lakh. This means earning about Rs. 16,666 per month qualifies you for this card.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners must demonstrate an annual income of at least Rs. 6 Lakh via their ITR documents.
Can self-employed individuals apply for this card?
Yes, both salaried and self-employed individuals can apply as long as they meet the respective income thresholds of Rs. 2 Lakh and Rs. 6 Lakh.
What credit score (CIBIL/CRIF) is needed for approval?
A minimum CRIF score of 720 is required as per the bank's strict eligibility criteria.
Will my application be rejected if my credit score is below the requirement?
Yes, a CRIF score below 720 generally leads to an automatic rejection, as it does not meet the bank's minimum credit risk policy.
Do I need to be an Indian citizen to apply?
Yes, you need to be a resident Indian citizen with valid KYC documents to apply online. NRI applicants are eligible by providing their overseas address proof, Indian passport, and NRO account details.
Can I get add-on cards for family members?
You can apply for up to three add-on cards for your spouse, parents, or children over 18 years of age on this specific Shoppers Stop co-branded variant.
All Card Benefits
- Earn 20 FC points per ₹200 on Shoppers Stop Exclusive Brands and 12 FC points per ₹200 on other Shoppers Stop brands
- Get exclusive access to 2 end-of-season sales + 1 festive sale every year
- Enjoy 45-day extended exchange period at Shoppers Stop outlets on card payments
- Get flat 15% off in your birthday & anniversary month on Exclusive Brands (apparel) on card payments
- Avail free home delivery for in-store/online purchases on card payments
Generous Welcome Benefits
The moment your card is issued and you make your first transaction, the ba...
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Generous Welcome Benefits The moment your card is issued and you make your first transaction, the ba...
Generous Welcome Benefits
The moment your card is issued and you make your first transaction, the bank neutralizes your joining fee through a bundle of welcome perks. The welcome package is heavily focused on getting you back into Shoppers Stop stores with direct discount vouchers and reward points.
When you complete your first transaction within 30 days of card issuance, you receive First Citizen Reward Points worth Rs. 300. Alongside this, you get three Shoppers Stop vouchers of Rs. 500 each, which you can redeem on a minimum spend of Rs. 5,000 at Shoppers Stop or Homestop. You also get an additional Rs. 500 voucher for a minimum spend of Rs. 2,500 on Exclusive Brands, plus a flat Rs. 250 off on ShoppersStop.com. This entire package easily delivers over Rs. 2,500 in upfront value.
Reward Points Structure
The Axis Shoppers Stop Credit Card uses First Citizen (FC) points as its currency. The value of 1 FC Point is exactly Rs. 0.50. The card follows a tiered earning structure that heavily favors in-house brands.
You earn 20 FC points for every Rs. 200 spent on Shoppers Stop Exclusive Brands. Since 20 points are worth Rs. 10, this translates to a massive 5 percent return on your spending. For other brands within Shoppers Stop, you earn 12 FC points per Rs. 200 spent. This equals Rs. 6 in value, giving you a solid 3 percent return. For all your eligible spends outside of Shoppers Stop, you earn 2 FC points per Rs. 200, which is exactly a 0.5 percent return.
Let us look at a practical example. If you spend Rs. 10,000 on an Exclusive Brand suit at Shoppers Stop, you earn 1,000 FC points. Those points are worth Rs. 500, which you can instantly redeem on your next visit to buy a shirt or accessories. If you spend the same Rs. 10,000 at a regular grocery store outside Shoppers Stop, you earn 100 FC points, worth just Rs. 50.
Exclusive Store Privileges
Beyond standard reward points, this card functions like a VIP pass for Shoppers Stop. Cardholders get exclusive access to two end-of-season sales and one festive sale every year. This means you can secure the best sizes and styles before the general public is allowed to shop.
Additionally, you get a 45-day extended exchange period at Shoppers Stop outlets when paying with this card. During your birthday and anniversary months, you receive a flat 15 percent discount on Exclusive Brands apparel. If you do not want to carry heavy bags home, you can also use the free home delivery service for in-store purchases.
Dining Benefits
While this is a retail-focused card, Axis Bank includes a neat dining perk through EazyDiner. You get a 15 percent discount on dining bills up to a maximum of Rs. 500. This offer is valid once per card per month.
For example, if you book a table through EazyDiner and your final bill comes to Rs. 3,000, you will get a discount of Rs. 450, bringing your payment down to Rs. 2,550. Note that the minimum order value to use this benefit is Rs. 2,500.
Fuel Surcharge Waiver
To help with your commute, this card provides a standard 1 percent fuel surcharge waiver at all petrol pumps across India. The waiver applies to fuel transactions between Rs. 400 and Rs. 5,000.
The maximum waiver you can receive in a single billing cycle is Rs. 400. For instance, if you spend Rs. 4,000 on petrol, the Rs. 40 surcharge is waived. However, remember that you do not earn any reward points on fuel spends.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You must make at least one transaction of a minimum Rs. 100 within 30 days of the card issuance date. If you miss this 30-day window, you will not receive the welcome benefits.
What is the total value of the welcome benefits?
The welcome package is valued at over Rs. 2,500. It includes Rs. 2,250 in various shopping vouchers, plus First Citizen points worth Rs. 300.
Can I use all the welcome vouchers on a single purchase?
The vouchers have specific conditions. The three Rs. 500 vouchers require a minimum spend of Rs. 5,000 each, meaning they are designed for separate transactions or large bulk purchases.
Do I get a loyalty membership with this card?
Yes, your first transaction automatically grants you a complimentary Golden Glow Membership with the Shoppers Stop First Citizen program, upgrading your loyalty status.
What is the standard reward rate on this card?
The standard reward rate for non-Shoppers Stop purchases is 0.5 percent. You earn 2 FC points for every Rs. 200 spent, and since 1 point equals Rs. 0.50, you get Rs. 1 back per Rs. 200.
How many reward points do I earn per Rs. 200 spent at Shoppers Stop?
You earn 20 FC points per Rs. 200 on Exclusive Brands and 12 FC points per Rs. 200 on other brands within Shoppers Stop stores.
What is the value of 1 reward point in rupees?
Each First Citizen point is valued at Rs. 0.50. This means every 2 points equal Rs. 1, making it very straightforward to calculate your discounts.
Which transactions are excluded from earning reward points?
Transactions like rent payments, fuel purchases, insurance premiums, wallet loads, utility bills, and toll payments do not earn any reward points on this card.
Do I earn points on fuel purchases?
No, fuel purchases are explicitly excluded from earning First Citizen reward points as per bank rules.
Do I earn points on utility bill payments?
No, payments for electricity, water, gas, and other utilities do not accumulate any reward points on your account.
Do I earn points on rent payments?
No, rent payments are excluded from the rewards program and also attract a 1 percent processing fee.
Do I earn points on insurance premium payments?
No, insurance premium payments are categorised as excluded spends and do not qualify for reward points.
How can I redeem my reward points?
You can redeem your First Citizen points directly at Shoppers Stop checkout counters or online at ShoppersStop.com to reduce your bill amount.
What redemption options are available?
Points can be redeemed at Shoppers Stop, Homestop, Arcelia, and select beauty partners like MAC, Clinique, Estee Lauder, Bobbi Brown, Jo Malone, and Smashbox.
How does the early sale access work?
The bank and Shoppers Stop will notify you via email or SMS before major sales begin. You get exclusive entry to shop 1-2 days before the sale opens to regular customers.
What is the extended exchange period?
Instead of the standard 14 or 30-day return policy, using this card gives you a full 45 days to exchange apparel purchased at Shoppers Stop outlets.
How do I get the birthday month discount?
You get a flat 15 percent off on Exclusive Brands apparel during your registered birthday and anniversary months. You must use this credit card for the payment to trigger the discount.
Is home delivery completely free?
Yes, if you shop in-store and pay with your Axis Shoppers Stop Credit Card, you can request free home delivery for your purchases to save you the hassle of carrying them.
How much discount do I get on food delivery?
This card does not offer specific food delivery discounts. The 15 percent discount applies specifically to restaurant dining booked and paid via the EazyDiner platform.
What is the maximum discount I can get on dining?
You can get a maximum discount of Rs. 500 per month using the EazyDiner offer.
Is there a minimum bill amount for the dining offer?
Yes, your dining bill must be at least Rs. 2,500 to qualify for the 15 percent EazyDiner discount.
How many times can I use the dining discount?
The 15 percent EazyDiner discount is valid exactly once per card per month.
At which petrol pumps is the surcharge waiver valid?
The 1 percent surcharge waiver is valid at all authorized petrol pumps across India, regardless of the fuel brand.
Is there a minimum transaction limit for the fuel waiver?
Yes, you must spend a minimum of Rs. 400 in a single transaction for the surcharge waiver to apply. Transactions below this amount will incur the full surcharge.
What is the maximum waiver I can get in a month?
You can get a maximum fuel surcharge waiver of Rs. 400 per statement cycle.
Do I get the GST refunded on the fuel surcharge?
No, while the 1 percent bank surcharge is waived, the GST levied on that surcharge amount is non-refundable and will appear on your statement.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 First Citizen Point = ₹1.00
Redemption Options
- Shoppers Stop stores (online and offline)
To check redemption catalogue
Redeeming the rewards earned on this card is an incredibly smooth process compared to regular bank poin...
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Redeeming the rewards earned on this card is an incredibly smooth process compared to regular bank poin...
Redeeming the rewards earned on this card is an incredibly smooth process compared to regular bank points. Because the points are tied to the First Citizen program, you skip the usual bank reward portals and use your points directly as cash at the store.
The redemption process works seamlessly whether you are at a physical billing counter or shopping online. When you check out at a Shoppers Stop store, Homestop, Arcelia, or partner beauty brands like MAC and Smashbox, simply inform the cashier you want to use your points. Provide your registered mobile number, share the OTP, and the value is deducted from your bill. For online purchases, select the "Pay by First Citizen Points" option at the payment page. Keep in mind that 1 point is worth Rs. 0.50. For example, if you have accumulated 4,000 points over the year, you have Rs. 2,000 ready to use. If your bill is Rs. 3,000, you pay just Rs. 1,000 via the card after applying the points.
Note that while the points belong to the First Citizen program, Axis Bank general terms state a Rs. 99 fee applies to reward point redemptions through the Axis EDGE portal. Direct in-store First Citizen redemptions are exempt from this bank fee, allowing you to use the full value of your points at the counter.
View FAQ
Commonly Asked Questions
How do I redeem the reward points I have earned?
You can redeem your First Citizen Points directly at the billing counters of Shoppers Stop physical stores or by selecting the points redemption option on ShoppersStop.com.
Is cashback credited automatically or do I need to request it?
This card earns reward points, not direct statement cashback. You must manually initiate redemption during checkout at the partner stores.
How long does it take for rewards to reflect in my account?
Points earned on your transactions reflect in your First Citizen account within a few days after the transaction settles on your statement.
What can I redeem my reward points for?
Your points act as digital currency to buy apparel, cosmetics, and homeware at Shoppers Stop, Homestop, Arcelia, MAC, Clinique, Estee Lauder, Bobbi Brown, Jo Malone, and Smashbox.
Is there a minimum points balance needed before I can redeem?
A minimum balance of 200 First Citizen points is required to initiate a billing deduction at the store counter.
What is the value I get when I redeem reward points?
Every 1 First Citizen Point gives you Rs. 0.50 in value. For example, redeeming 1,000 points knocks Rs. 500 off your shopping bill.
Is there a fee for redeeming my rewards?
Axis Bank charges a Rs. 99 reward redemption fee for portal redemptions. In-store redemptions at Shoppers Stop are exempt from the Rs. 99 redemption fee.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an Axis Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an Axis Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel
Rent
Wallet Load
Insurance
Cash Advances
EMI Transactions
Government Spends
Education Fees
Utilities
For Spends Waiver
Fuel
Rent
Wallet Load
Insurance
Cash Advances
EMI Transactions
Government Spends
Education Fees
Utilities
To maximize your rewards and avoid surprises, you must understand exactly where the Axis Shoppers Stop ...
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To maximize your rewards and avoid surprises, you must understand exactly where the Axis Shoppers Stop ...
To maximize your rewards and avoid surprises, you must understand exactly where the Axis Shoppers Stop Credit Card will not yield any value. Banks strictly classify certain spending categories as non-rewarding.
You will earn absolutely zero First Citizen points on Rent Spends, Fuel Spends, Insurance Payments, Wallet Loads, Transportation & Tolls, and Utilities Spends. For instance, if you use this card to pay a Rs. 20,000 house rent bill via an app, you get zero points, and you will also be hit with a 1 percent rent payment fee (Rs. 200). If you pay a Rs. 15,000 LIC premium or a Rs. 5,000 electricity bill, you earn nothing. If you top up your Paytm or Amazon wallet with Rs. 10,000, it yields zero rewards. The card's primary function is retail shopping; using it for household bills or fuel will not advance your point balance at all.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards on this card?
Rent payments, fuel purchases, insurance premiums, wallet loads, transportation/toll payments, and utility bills do not earn any reward points.
Are fuel transactions excluded from earning rewards?
Yes, while you get a fuel surcharge waiver, fuel purchases are fully excluded from earning any First Citizen points.
Does paying rent with this card earn reward points?
No, rent payments earn zero points. Furthermore, the bank will charge you an additional 1 percent processing fee on the rent amount.
Are insurance premium payments excluded from rewards?
Yes, any transaction flagged as an insurance payment will not accumulate First Citizen points.
Do wallet top-ups earn rewards on this card?
No, loading money into digital wallets like Paytm, Amazon Pay, or Mobikwik is excluded from reward earnings.
Are utility bill payments such as electricity excluded?
Yes, utility payments like water, gas, electricity, and broadband bills fall under the bank's excluded categories and earn zero rewards.
What happens if I make a payment in an excluded category?
The transaction goes through successfully and contributes to your Rs. 1 Lakh annual fee waiver milestone, but you simply will not earn any points for that specific spend.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees Finance charges of 3.60% per month (43.2% per annum) apply on unpaid outstanding balances until the amount is fully repaid
| 3.60% |
ATM withdrawal 2.50% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees No fee is charged when redeeming reward points on this card. | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge Surcharge on booking or cancelling railway tickets will be levied as prescribed by IRCTC or Indian Railways and may vary based on their applicable charges | As prescribed by IRCTC / Indian Railways |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees No cheque payment fee is charged | Not Applicable |
Cash Payment Fees No cash payment fee is charged | Not Applicable |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹5000 | ₹500 |
| ₹5001 - ₹10000 | ₹750 |
| ₹10001 and above | ₹1200 |
Understanding a credit card's fee schedule is just as important as knowing its reward rates. The Axis S...
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Understanding a credit card's fee schedule is just as important as knowing its reward rates. The Axis S...
Understanding a credit card's fee schedule is just as important as knowing its reward rates. The Axis Shoppers Stop Credit Card keeps its primary fees low but maintains standard strict penalties for late payments and cash advances like any other bank product.
First is the Joining Fee. A one-time joining fee is charged at the time of card issuance as per the bank's policy. The fee is Rs. 500. While you cannot escape paying it, the bank offsets this cost immediately by giving you Rs. 2,250 in vouchers and Rs. 300 in points when you make your first transaction.
Next is the Annual or Renewal Fee. The annual fee is charged every year and is waived if you meet the bank's spending conditions. The fee is Rs. 500. However, the annual fee is waived if you spend Rs. 1 lakh or more in a year on your card. For example, if you spend Rs. 9,000 every month on groceries and shopping, you cross the Rs. 1 Lakh mark, and the Rs. 500 fee is zeroed out for the next year.
The APR or Interest Rate applies if you carry a balance. If you do not pay the total outstanding amount by the due date interest is charged at 3.6 percent per month which is approximately 52.86 percent per year. For instance, if you roll over a balance of Rs. 20,000 to the next month, you will be hit with an interest charge of Rs. 720 for just that month.
Late Payment Charges apply if you miss your minimum due amount. The slabs are clearly defined: Rs. 0 for balances up to Rs. 500, Rs. 500 for balances between Rs. 501 and Rs. 5,000, Rs. 750 for balances between Rs. 5,001 and Rs. 10,000, and Rs. 1,200 for balances above Rs. 10,000. For example, if your outstanding bill is Rs. 4,000 and you forget to pay by the due date, you will be slapped with a Rs. 500 late fee.
The Foreign Transaction or Forex Markup Fee comes into play abroad. A 3.5% forex markup is charged on transactions made in currencies other than INR. It applies to international POS payments and online purchases. For example, if you buy software online for USD 100 (roughly Rs. 8,300), the bank adds a 3.5 percent markup, meaning you pay an extra Rs. 290.5 in fees.
The ATM Cash Withdrawal Fee makes taking cash out extremely expensive. 2.5% of the withdrawn amount is charged on cash advances using the credit card, subject to a minimum of Rs. 500. If you withdraw Rs. 10,000 from an ATM, 2.5 percent is Rs. 250, but because of the minimum rule, you will be charged a flat Rs. 500 fee immediately.
The Rent Payment Convenience Fee targets those using apps to pay landlords. 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST. If you use your card to pay Rs. 30,000 in rent, the bank will levy a Rs. 300 fee on your statement, and you will not earn any reward points either.
For train travelers, there is a Railway Surcharge. Surcharge on booking or cancelling railway tickets will be levied as prescribed by IRCTC or Indian Railways and is a fixed 1 percent to 1.8 percent charge added to your ticket cost by the gateway.
The Cash Payment Fee penalizes you for paying your bill offline. Cash payments made at Axis Bank branches attract a fee of Rs. 100 per transaction as per bank terms. To avoid this Rs. 100 fee, simply pay your credit card bill online via UPI, NEFT, or the bank app.
Conversely, there is no Cheque Payment Fee. No cheque payment fee is charged. If you drop a cheque in an Axis Bank ATM drop box to clear your credit card dues, it is processed for free, though it takes a few days to clear.
Finally, there is a Reward Redemption Fee. Reward points can be redeemed through the Axis EDGE Rewards portal and redemption fees are waived for Privilege Credit Card holders as per bank terms. For standard cardholders, a fee of Rs. 99 applies. If you redeem points worth Rs. 500 through the portal, paying Rs. 99 in fees eats up 20 percent of your value. Direct in-store point deductions at Shoppers Stop counters are exempt from this bank fee.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 500 (Offset via welcome benefits) |
| Annual Fee | Rs. 500 (Waived on Rs. 1 Lakh annual spend) |
| Interest Rate (APR) | 3.6% per month (52.86% annually) |
| Late Payment Charges | Rs. 0 to Rs. 1,200 (Based on balance slab) |
| Forex Markup | 3.5% of transaction amount |
| Cash Withdrawal Fee | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Surcharge | As prescribed by IRCTC |
| Cash Payment Fee | Rs. 100 per branch transaction |
| Cheque Payment Fee | Nil |
| Reward Redemption Fee | Rs. 99 |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 500. This is charged on your first statement but is offset by Rs. 2,250 in vouchers and Rs. 300 in points upon activation.
What is the annual or renewal fee?
The annual renewal fee is Rs. 500, charged from the second year onwards.
Is there an annual fee waiver based on spending?
Yes, the annual fee is waived if you spend Rs. 1 lakh or more in a year on your card, which is easily achievable for regular shoppers.
How can I get this card lifetime free?
This specific card variant is not standardly lifetime free. You must meet the annual spending threshold to maintain a free status year-over-year.
What is the interest rate (APR) if I don't pay my full balance?
Interest is charged at a steep 3.6 percent per month, which equals approximately 52.86 percent per year on outstanding balances.
How is the interest calculated on outstanding balances?
If you pay only the minimum due, interest is calculated daily on the remaining balance and on all fresh purchases until the full amount is cleared. For a Rs. 10,000 balance, you pay Rs. 360 monthly in interest.
What are the late payment charges?
Late fees are Rs. 0 for balances up to Rs. 500, Rs. 500 for balances between Rs. 501 and Rs. 5,000, Rs. 750 for balances between Rs. 5,001 and Rs. 10,000, and Rs. 1,200 for amounts above Rs. 10,000.
Is the late payment fee different based on outstanding amount?
Yes, the bank uses a tiered slab system. The higher your unpaid balance, the higher the late payment penalty applied to your account.
What is the forex markup for international transactions?
A 3.5 percent forex markup is charged on transactions made in non-INR currencies, such as paying a foreign hotel or buying software online.
Can I withdraw cash using my credit card?
Yes, but 2.5 percent of the withdrawn amount is charged as a fee, subject to a strict minimum of Rs. 500 per transaction.
What are the cash withdrawal charges and limits?
Alongside the upfront 2.5 percent fee, cash withdrawals do not get an interest-free period. The 3.6 percent monthly interest starts applying from the exact day you pull the cash out.
Are there fees for paying rent with this card?
Yes, 1 percent of the transaction amount is charged as a fee on rent payments. A Rs. 20,000 rent payment will cost you an extra Rs. 200.
Is there a fee for paying my bill in cash?
Yes, cash payments made directly at Axis Bank branches attract a manual processing fee of Rs. 100 per transaction.
What are the charges for cheque payment of bills?
No cheque payment fee is charged by the bank for clearing your credit card dues.
Is there a fee to redeem my reward points?
A fee of Rs. 99 applies for redemptions through the Axis EDGE portal. In-store point deductions are exempt from this bank fee.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
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Commonly Asked Questions
What identity proof is accepted?
You must provide a valid PAN card. During Video KYC, the physical PAN card is strictly required.
What serves as valid address proof?
Your Aadhaar card, Passport, Voter ID, or Driving License are universally accepted as valid address proofs.
What income documents do salaried individuals need?
Salaried applicants must submit their latest 2 months' salary slips or a recent bank statement showing salary credits.
What income documents do self-employed individuals need?
Self-employed professionals must provide their latest Income Tax Return (ITR) showing a minimum income of Rs. 6 Lakh, along with business continuity proof.
Do I need to submit physical photographs?
No, if you opt for the digital application with Video KYC, the bank agent will capture your live photograph through the camera.
Can I use a rent agreement as address proof?
Registered rent agreements are sometimes accepted, but using an Aadhaar card linked to your current address makes the digital approval process much faster.
Who Should Get This Card?
If you live near a Shoppers Stop mall outlet and buy your seasonal wardrobes, perfumes, and cosmetics exclusively from them, apply for this card immediately. The Rs. 500 fee pays for itself on day one via the welcome vouchers. The 5 percent return on Exclusive Brands and early access to sales make it an elite tool for department store fans. You also get a low barrier to entry with just a Rs. 2 Lakh salary requirement.
On the other hand, you should skip this card entirely if you only shop on Amazon, Flipkart, or Myntra. With a weak base reward rate of 0.5 percent, using this card for your daily groceries, utility bills, or fuel is a mathematical loss. It also lacks basic travel perks like lounge access. If you rarely visit a physical department store, look into flat-rate cashback cards instead.
Credit Limit and What to Expect
Axis Bank does not assign a flat credit limit to all applicants. Your limit is highly personalised based on your income, existing credit lines, and repayment history.
View FAQ
Commonly Asked Questions
What will be my starting credit limit?
Your starting limit is determined by your CRIF score and income. Salaried individuals earning Rs. 2 Lakh receive starting limits around Rs. 20,000 to Rs. 40,000, whereas self-employed users showing Rs. 6 Lakh ITRs qualify for higher ranges.
Can I increase my credit limit later?
Yes, Axis Bank offers pre-approved credit limit enhancements after 6 to 12 months of timely bill payments.
Does the bank charge for a limit increase?
No, credit limit enhancements initiated by the bank or requested by you via the app are processed free of charge.
Will a high credit limit affect my credit score?
A higher limit improves your credit utilization ratio, which boosts your credit score, provided your spending remains stable.
How do I check my assigned limit?
Your limit is mentioned in the welcome letter. You can also view your total and available limit anytime in the Axis Mobile app.
Can I set limits on online spending?
Yes, RBI mandates that you can use the bank app to set individual limits for online, contactless, and international transactions for your safety.
How to Apply?
Getting your hands on the Axis Shoppers Stop Credit Card is a quick digital process. You do not need to visit a bank branch or hand over physical paperwork to an agent.
You can apply directly through the Axis Bank website or via partner platforms. Fill out your personal details, employment information, and PAN. The system will pull your CRIF score. If you meet the 720 threshold and income requirements, you move to the Video KYC stage. Ensure you have your physical PAN card and a blank piece of paper with a pen ready. An executive will verify your identity over a video call. Once verified, the digital card is generated swiftly, and the physical card is dispatched to your registered address.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online via the official Axis Bank website, their mobile app, or through verified financial partner platforms.
What is Video KYC and is it mandatory?
Video KYC is a mandatory digital verification process where a bank agent verifies your identity via your smartphone camera, eliminating the need for physical document submission.
What do I need for a successful Video KYC call?
You must have your original physical PAN card, a well-lit room, a strong internet connection, and a blank paper with a blue/black pen for a live signature.
How can I track my application status?
You will receive an Application Reference Number via SMS. Use this number on the Axis Bank tracking portal to check your approval status.
How long does the approval process take?
After a successful Video KYC, final approval and digital card generation take 3 to 7 working days.
Can I apply for this card online?
Yes, the application journey is 100 percent online end-to-end.
What happens if my Video KYC fails?
If your video connection drops or fails, you will receive a link to try again. If it fails repeatedly, a bank representative may visit your address for physical KYC.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹1750 Rewards
Top Benefits
Earn 20 First Citizen Points
per ₹200 on Shoppers Stop Exclusive (private label) brands and 12 points per ₹200 on other Shoppers Stop brands
Earn 2 First Citizen Points Per ₹200
on eligible spends outside Shoppers Stop
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