Federal Bank Wave RuPay Credit Card
Rs 0Annual fee
0Domestic lounge
3.5%Forex markup
Best for
upi, rupay, lifetime free
Top rewards
UPI spends: 1 Reward Point / Rs 200 spent; All other retail spends: 1 Reward Point / Rs 200 spent; Insurance premium spends: 1 Reward Point / Rs 200 spent (capped at 250 points per month)
Kwik Axis Bank Credit Card
Rs 0Annual fee
0Domestic lounge
3.5%Forex markup
Best for
upi, rupay, virtual card, lifetime free, edge rewards
Top rewards
UPI spends via Kiwi app: 5 EDGE REWARD Points / Rs 100 spent (1% cashback equivalent); All other eligible spends: 2 EDGE REWARD Points / Rs 200 spent
| Feature | Federal Bank Wave RuPay Credit Card | Kwik Axis Bank Credit Card |
|---|---|---|
| Issuer | Federal Bank | Axis Bank |
| Network | RuPay | RuPay |
| Joining fee | Rs 0 | Rs 0 |
| Annual fee | Rs 0 | Rs 0 |
| Reward type | reward points | edge reward points |
| Best for | upi, rupay, lifetime free | upi, rupay, virtual card, lifetime free, edge rewards |
| Top reward categories | UPI spends: 1 Reward Point / Rs 200 spent; All other retail spends: 1 Reward Point / Rs 200 spent; Insurance premium spends: 1 Reward Point / Rs 200 spent (capped at 250 points per month) | UPI spends via Kiwi app: 5 EDGE REWARD Points / Rs 100 spent (1% cashback equivalent); All other eligible spends: 2 EDGE REWARD Points / Rs 200 spent |
| SmartBuy / accelerated caps | Not listed | Not listed |
| Domestic lounge | 0 | 0 |
| International lounge | 0 | 0 |
| Forex markup | 3.5% | 3.5% |
| Milestone benefits | Not listed | Not listed |
| Redemption | Statement credit: upto Rs 0.25 per point | Statement credit: upto Rs 0.2 per point |
| Key exclusions | Fuel transactions, Cash advance transactions, Rent payments, Wallet loading transactions, EMI transactions, Government transactions | wallet load, fuel, rental payments, cash withdrawals, insurance, repayments |