Axis Bank discontinues reward points on Telecom, Insurance, Utilities, Education

If you are Axis Bank account holder who enjoy spending with it’s debit card & know about it’s Edge rewards program then this news is for you.

Effective November 1, 2017 Axis Bank would stop giving eDGE Reward Points on spending under debit cards with following merchant categories :

  • Charities
  • Mutual Funds
  • Telecom
  • Education
  • Utilities
  • Government/Insurance
  • Public Sector Life Insurance
  • Purchase of foreign currency
  • Post Office
  • Fuel and Transportation

Though many categories are excluded by other Banks also however Category like telecom & foreign exchange is surprising in this list.

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