Axis Bank My Zone Credit Card Review 2026: 0.4% Base Rate, Offers, Fees & FAQs
Axis Bank My Zone Credit Card charges ₹500 and earns 4 EDGE Reward Points per ₹200 at ₹0.20 — 0.4%. What the card is really for, the 2026 changes, fees and FAQs.
My Zone is a ₹500 entry card earning 0.4%, sold on its entertainment and dining offers rather than its points.
The earn rate is low and stating it plainly is the honest starting point: at 0.4%, ₹1 lakh of spending returns ₹400.
Axis Bank My Zone Credit Card Quick Overview
| **Card type** | Entry-level lifestyle card |
|---|---|
| **Best for** | Light spenders who want entertainment and dining offers cheaply |
| **Joining / renewal fee** | ₹500 + GST, same on renewal |
| **Network** | Visa |
| **Base reward rate** | **0.4%** |
| **Reward currency** | EDGE Reward Points, valued at ₹0.2 each |
| **Lounge access** | None published |
| **Forex markup** | 3.5% |
Reward Structure: How You Earn
EDGE Reward Points are worth ₹0.20 on the Gift EDGE portal — Axis states the rate directly. Every percentage here is stated after that conversion, which is why the point counts look larger than the returns.
4 EDGE Reward Points per ₹200 on all eligible spends — 0.4%.
Axis changed this card on 28 August 2026. Gift-card purchases and toll, bridge and road fees stopped earning rewards and stopped counting toward milestones and the annual fee waiver.
| Spend | Effective rate |
|---|---|
| Everything else | 0.4% |
| Fuel, rent, wallet loads, government, gaming | **0%** |
The ₹1.5 lakh annual milestone has been withdrawn. Axis's own terms state the 1,000-point benefit on annual spends of ₹1,50,000 'will be discontinued from 1st Apr 2026'. That date has passed. Any comparison site still listing it is out of date, and it is not recorded here.
The entertainment benefit tightens on 1 November 2026 — it will require ₹25,000 of spend across the previous three calendar months, where today it is unconditional.
Category Restrictions: Where You Won't Earn
- Where you earn nothing: Earns nothing at all: fuel; rent (MCC 6513); wallet loads (MCC 6540); government institution transactions (MCC 9222, 9311, 9399, 9402); cash withdrawals; EMI conversions; gift card purchases and toll, bridge and road fees (both excluded w.e.f. 28 August 2026); and fees, charges, GST and reversals. Insurance, utilities, telecom, education and jewellery are excluded on some cards only — the per-card notes say which.
- Point expiry: EDGE Reward Points and EDGE Miles expire 36 months from the date of accrual unless the card's own terms say otherwise. Points are forfeited if the card is closed, and a NEGATIVE point balance at closure is converted to a statement debit the cardholder must pay.
- Redemption fee: ₹199 per redemption.
Fees and Charges
| Charge | Amount |
|---|---|
| Joining fee | ₹500 + GST |
| Renewal fee | ₹500 + GST |
| Finance charges | 3.75% per month (55.55% per annum) on extended credit and cash advances. |
| Interest-free period | Up to 50 days from the date of purchase, only when the previous month's balance is paid in full. |
| Minimum amount due | 5% of the total amount due, subject to a minimum of ₹200, plus any EMI, fees, charges, interest and over-limit amount. |
| Cash advance fee | 2.5% of the amount withdrawn, subject to a minimum of ₹500. |
| Cash advance interest | 3.75% per month (55.55% per annum), charged from the date of withdrawal with no interest-free period. |
| Forex markup | 3.5% of the transaction amount. |
| Dynamic currency conversion | 3.5% of the transaction amount, raised from 1.5% on 28 August 2026. |
| Late payment | Nil up to ₹500 of total payment due; ₹500 for ₹501–₹5,000; ₹750 for ₹5,001–₹10,000; ₹1,200 for ₹10,001–₹50,000; ₹1,300 above ₹50,000 w.e.f. 28 August 2026. An additional ₹100 applies if the Minimum Amount Due is missed for two consecutive cycles, and continues every cycle until cleared. |
| Overlimit | 2.5% of the over-limit amount, minimum ₹500. Charged only where the cardholder has explicitly consented to the over-limit facility. |
| Payment return | ₹500 per instance of cheque return, dishonour, auto-debit reversal, standing instruction failure or NACH failure. |
| Rent payment | 1% of the transaction amount plus GST on each rent payment identified through MCC 6513. |
| Fuel transactions | 1% plus GST of the transaction amount, charged only once total fuel spend in a statement cycle reaches ₹50,000. Fuel is identified through MCC 5172, 5541, 5542 and 5983. |
| Card replacement | ₹100 per replacement card. |
| Add-on card | Nil. |
| Reward redemption | ₹199 plus GST per redemption transaction on the EDGE portal, and ₹199 plus GST per instance of converting or transferring EDGE Reward Points or EDGE Miles to a partner loyalty programme. |
| EMI processing | Charged per the EMI scheme selected. Card cancellation forecloses any active EMI and attracts foreclosure charges plus GST. |
| GST | 18% on all fees, interest and charges. |
Is the Axis Bank My Zone Credit Card Worth It?
Judge it on the offers, not the 0.4%. The card's value is in capped monthly discounts — dining, movie tickets, food delivery — each with its own ceiling around ₹120 to ₹400 a month. Used fully those are worth several times the ₹500 fee. Ignored, the card returns ₹400 on ₹1 lakh of spending.
No annual fee waiver is published for this card, so treat the fee as a fixed annual cost.
Gift cards and tolls stopped earning on 28 August 2026 — a small change on a card at this rate, but it also removes them from any fee-waiver calculation.
Frequently Asked Questions (FAQs)
What is the Axis Bank My Zone Credit Card earn rate? 4 EDGE Reward Points per ₹200 — 0.4% at ₹0.20 a point.
What is an EDGE Reward Point worth? ₹0.20 on the Gift EDGE portal. Axis publishes this directly.
Does My Zone still have the ₹1.5 lakh milestone? No. Axis discontinued it from 1 April 2026. Sites still listing it have not updated.
Is there a fee waiver? None is published for this card. The ₹500 recurs annually.
What stopped earning in August 2026? Gift-card purchases and toll, bridge and road fees.
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