Axis Reserve
Super-premiumAxis Bank
Where it ranks · across all 71 cards
Devaluation history
- 2026-08-28 - 28 Aug 2026: late-fee slab, gift-card + tolls exclusions, PP invalid for domestic (DCC unchanged at 1.5%). Transfer caps: 1L ERP/yr Group A, 4L Group B.
What a point is worth
Earning 15 pts / ₹200, the same point pays very differently by redemption path:
| Redemption path | Per point | Effective on spends |
|---|---|---|
| Partner transfersbest: Club ITC at 5:2 (ceiling 3.3%) | ₹0.36-₹0.44 | 2.70% |
| Bank travel portal | ₹0.2 | 1.50% |
| Vouchers / catalogue | ₹0.2 | 1.50% |
EDGE catalogue ~₹0.20/pt. Rankings across KaunsaCard use a single conservative value (₹0.3/pt = 2.25%); transfer ceilings assume premium-cabin awards and are never used to rank.
Reward rules
Points valued at ₹0.3/pt - conservative, what rankings use · transfers reach up to ₹0.44/pt via Club ITC at 5:2
Base rate - everything not covered below
15 pts / ₹200= 7.5 pts per ₹100
2.3-3.3%
value range by redemption
2X on international spends (30 ERP/₹200, w.e.f. 20 Jun 2025)
30 pts / ₹200= 15 pts per ₹100
4.5-6.6%
value range by redemption
Source: Reserve T&C 13 May (bank PDF) · 2026-08-22
Base rate, but capped - these categories earn normally up to a monthly ceiling
- Rent EARNS base rate up to ₹1,00,000 spend/monthrent earns on up to ₹1,00,000 spend/month (7,500 ERP)src ↗
Via portals & vouchers - alternate methods (display, never rank)
- ✈ Accelerated on Travel Edge portal7.5%via traveledgesrc ↗
Transfer partners
Axis EDGE (Reserve & Magnus: 5:2) - what 10,000 points become. Full matrix with live amounts on the Transfers page.
| Partner | Ratio | 10,000 pts → | ≈ value |
|---|---|---|---|
| Club ITC | 5:2 | 4,000 | ₹3,600-₹4,400 |
| Singapore Airlines KrisFlyer | 5:2 | 4,000 | ₹3,200-₹10,000 |
| Air Canada Aeroplan | 5:2 | 4,000 | ₹3,200-₹8,800 |
| Postcard Hotels Sunshine ClubAdded 2026; group unverified - assumed Group B cap. | 5:2 | 4,000 | ₹3,200-₹4,400 |
| Japan Airlines Mileage Bank | 5:2 | 4,000 | ₹2,800-₹8,000 |
| Turkish Airlines Miles&Smiles | 5:2 | 4,000 | ₹2,800-₹8,800 |
| Air France-KLM Flying Blue | 5:2 | 4,000 | ₹2,800-₹8,000 |
| United MileagePlus | 5:2 | 4,000 | ₹2,400-₹7,200 |
Caps per customer/calendar year: 1L to Group A, 4L to Group B (5L total).
Earns nothing on
- ⊘ Government institutions excluded from EDGE earn (Sep 2023). Since 20 Jun 2025 Axis identifies exclusions by spend category, not MCC; codes here are from the last bank-published MCC tables.9222931193999402bank MCC list→ use PVR INOX Kotak here (3.0%)
- ⊘ Utilities excluded from EDGE earn (Sep 2023).4814481648994900bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Insurance excluded (Apr 2024).59606300638160516012bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Fuel excluded (Apr 2024).554155425983bank MCC list→ use MakeMyTrip ICICI here (1.0%)
- ⊘ Gold and jewellery excluded (Apr 2024).50945944bank MCC list→ use HDFC Infinia Metal here (3.3%)
- ⊘ Wallet loads excluded (Apr 2024).6540bank MCC list→ use SC Ultimate here (3.3%)
- ⊘ EMI conversions: earned points are debited (EDGE master T&C).
- ⊘ W.e.f. 28 Aug 2026: no rewards on bridge fees, road fees and tolls (portfolio-wide revision). Gift-card purchases also reclassified to an excluded Gift Card category.