Select
Base Rate
1%
Forex Markup
3.5%
Joining Fee
₹3,000
Milestones
1
💳 Fee Structure
🧮 Reward Calculator
Monthly Spending Breakdown
Net Annual Value
-₹1,800
After ₹3,000 annual fee deduction
Base Rewards
₹1,200
Forex Net
+₹0
Milestones
₹0
Milestone Progress
Annual fee of ₹3,000 waived on spending ₹8L annually
Spend ₹8L annually
📝 Detailed Review
The CardVault Verdict
The Axis Bank SELECT Credit Card is a solid premium lifestyle credit card. It stands out due to its day-to-day shopping and dining partner discounts (Swiggy, BigBasket, BookMyShow). However, the ₹50,000 quarterly spend requirement to trigger domestic lounge access and the high ₹8L renewal fee waiver make it less attractive unless you qualify for the Lifetime Free (LTF) version via Axis Burgundy.
Who Should Apply?
Best for middle-to-high income individuals who spend regularly on online groceries, food delivery, and movies, and who can get it as an LTF offer via a Burgundy banking relationship.
Lounge Access
Spend-Based Access
Spend ₹50,000/quarter to unlock
Required threshold to activate lounge visits
Visits / Year
14visits
Supported Networks
Additional Notes
2 domestic lounge visits per quarter (spend-based: min ₹50k in previous 3 months) + 6 international lounge visits per year via Priority Pass.
⚖️ Pros & Cons
✓Pros
- •Excellent lifestyle benefits (Swiggy discounts, BigBasket offers, movie ticket BOGO)
- •Complimentary Priority Pass membership with 6 free international lounge visits annually
- •High 20X rewards (2.0% yield) on retail shopping up to ₹20,000 monthly spend
- •Lifetime Free (LTF) eligibility for Axis Burgundy priority banking customers
✗Cons
- •Domestic lounge access is spend-gated at ₹50,000 in the previous quarter
- •High annual fee waiver spend requirement of ₹8 Lakhs
- •Standard 3.5% forex markup fee
Historical Changes
Track record of card modifications
Clean Track Record
No devaluations recorded — this card has maintained its value proposition consistently.