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Axis Bank Shoppers Stop Credit Card
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Card DetailAXIS · VISA · Mid tier

Axis Bank Shoppers Stop Credit Card

The Axis Shoppers Stop card is a single-store loyalty card built around the Shoppers Stop First Citizen programme. It earns First Citizen points — 20 per ₹200 on Shoppers Stop Exclusive (private-label) brands, 12 per ₹200 on every other brand bought at Shoppers Stop, and 2 per ₹200 on all other spends. Axis puts the redemption value at ₹0.50 a point in its own value chart, and the points redeem only at Shoppers Stop, HomeStop and the group's beauty counters — so the Exclusive-brand rate is 5% back in store credit, other in-store brands 3%, and everything outside the estate a token 0.5%. The welcome kit is Shoppers Stop vouchers with a ₹2,250 face value — though each is gated behind its own minimum spend, so realising all of it takes roughly ₹19,000 in store — plus First Citizen points worth ₹300 on the first transaction within 30 days and a complimentary Golden Glow membership (extended exchange window, free delivery, birthday offers). There is a 1% fuel surcharge waiver, early access to two end-of-season sales and one festive sale a year, and 15% off up to ₹500 a month on EazyDiner. The ₹500 fee waives at ₹1 lakh of annual spend, but rent and wallet loads do not count towards that bar. Everyday categories such as rent, fuel, utilities, insurance and wallet loads earn nothing.

CardAdvisor does not issue cards, take applications, or act as an agent or broker for Axis Bank. Apply opens axis.bank.in; your application is submitted to and decided by Axis Bank.

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Axis Bank Shoppers Stop Credit Card
Axis Bank
Axis Bank Shoppers Stop Credit Card

Illustration by CardAdvisor — not a depiction of the issued card. Independent; not affiliated with Axis Bank.

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★ 3.6 / 5 · CardAdvisor rating•Issued by Axis Bank•Updated
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3.6
out of 5
Mid tier
The Shoppers Stop card does one thing well: it rewards Shoppers Stop loyalty. If you already shop there several times a year, 5% back on Exclusive brands (in First Citizen points at Axis's own ₹0.50 each) plus the welcome vouchers clears the ₹500 fee comfortably. But the points are locked to Shoppers Stop, the off-store earn is a token 0.5%, and there is no lounge access — so it is strictly a companion card, not a daily driver. If you want an everyday cashback card, an [Axis ACE](/cards/axis-ace) or [Flipkart Axis] (/cards/axis-flipkart) fits far better.
Annual fee₹590 incl. GST
Fee waiver₹1,00,000 spend
Top rate~0.5%–5%
Best forFrequent Shoppers Stop and HomeStop shoppers
~₹2,250
Welcome benefit
3.5%
Forex markup
~₹400
Total perk value / yr

In-depth review

Axis Bank Shoppers Stop Credit Card

A single-store loyalty card built on the Shoppers Stop First Citizen programme — 20 First Citizen points per ₹200 on Exclusive brands (5% at Axis's published ₹0.50/point), 12 per ₹200 on every other brand in store, 2 per ₹200 elsewhere, plus a ₹2,250 welcome voucher stack. The points redeem only at Shoppers Stop, so it's a companion card for genuine regulars, not a daily driver.

Read the full review →

Key features

What this card is built to do — the highlights that actually matter.

🎁

Welcome Benefit

~₹2,250 in vouchers, points or cashback in year one — usually conditional on a first spend within 30–90 days

⭐

10 points/₹100 on Online Shopping (~5% value)

20 First Citizen points per ₹200 on Shoppers Stop Exclusive (private-label) brands — 5% in store credit. Every other brand bought at Shoppers Stop earns 12 points per ₹200 (3%); the rate applies only inside the Shoppers Stop estate, never to general online shopping.

⭐

0.5% on Other

2 First Citizen points per ₹200 on all general spends (0.5% in store credit)

💳

Annual Fee Waiver

Fee of ₹500 + 18% GST (₹590 all-in)/yr fully waived when you spend ₹1,00,000/year

Who is this for?

For regular Shoppers Stop and HomeStop shoppers — especially First Citizen members — who will spend their points back in store and want the welcome vouchers and Golden Glow perks.

Full reward structure

What you earn on every rupee, per spend category — as of 11 Oct 2026. Rates assume 1 pt = ₹0.50. How we value points →

CategoryTypeRateMonthly cap
Online Shoppingonly at Shoppers Stop and HomeStop — Shoppers Stop Exclusive brandsreward points5%10 pts/₹100 × ₹0.50—
Otherreward points0.5%1 pts/₹100 × ₹0.50—

Online Shopping: 20 First Citizen points per ₹200 on Shoppers Stop Exclusive (private-label) brands — 5% in store credit. Every other brand bought at Shoppers Stop earns 12 points per ₹200 (3%); the rate applies only inside the Shoppers Stop estate, never to general online shopping. · Shoppers Stop and HomeStop — Shoppers Stop Exclusive brands

Other: 2 First Citizen points per ₹200 on all general spends (0.5% in store credit)

Earns nothing on: Rent · Fuel · Utility Bills · Insurance · Wallet Loads · Transportation / tolls · Education · Government & Tax · Tolls & Road Fees · Gift Cards & Vouchers

These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.

Fees & charges

The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 11 Oct 2026.

Real annual cost: ₹500 + 18% GST = ₹590 all-in. Joining fee ₹500 + 18% GST = ₹590 all-in. Issuers quote fees before tax — the all-in figure is what you actually pay if the waiver isn’t met.
ChargeAmount
Annual fee (incl. 18% GST)₹590
Joining fee (incl. 18% GST)₹590
Finance charge (APR)3.75% p.m.
Forex markup3.5%

Perks & benefits

Estimated annual value beyond rewards — ~₹400/yr in total.

⛽
fuel waiver~₹400/yr

1% fuel surcharge waiver on fuel transactions between ₹400 and ₹5,000, capped ₹400 per statement month. Fuel earns no First Citizen points.

Domestic

Should you get it?

  • Best for: Frequent Shoppers Stop and HomeStop shoppers, Existing First Citizen loyalty members, Shoppers who will spend reward points back in store
  • Mid tier — a solid all-rounder for steady monthly spend.
  • Strongest value if you spend heavily on everyday spends (0.5% back; 5% only at Shoppers Stop and HomeStop — Shoppers Stop Exclusive brands).

Pros & cons

✓ Pros

  • 5% back (in First Citizen points at Axis's published ₹0.50) on Shoppers Stop Exclusive brands
  • 3% on every other brand bought at Shoppers Stop, HomeStop and the group's beauty counters
  • Welcome Shoppers Stop vouchers with a ₹2,250 face value plus ₹300 of First Citizen points on first use
  • Complimentary Golden Glow membership (extended exchange, free delivery, birthday offers)
  • Early access to two end-of-season sales and one festive sale a year
  • ₹500 fee waives at ₹1 lakh of annual spend (rent and wallet loads excluded)

✕ Cons

  • First Citizen points redeem only at Shoppers Stop and HomeStop — no cash or statement-credit option
  • Off-store earn is just 2 points per ₹200 (0.5%)
  • The ₹2,250 welcome voucher stack is gated — each voucher needs its own minimum spend, ~₹19,000 in all
  • No airport lounge access
  • 3.5% forex markup — not for international spends

Eligibility & documents

Age18–70 years
EmploymentSalaried · Self-employed

Documents required

  • 📄PAN card
  • 📄Aadhaar / valid address proof
  • 📄Latest 3 months bank statement
  • 📄Income proof — salary slips (salaried) or ITR (self-employed)
  • 📄Recent passport-size photograph

How to redeem rewards

Ways to convert what you earn into real value.

  • 🎁Shoppers Stop / HomeStop: redeem First Citizen points in store or online (₹0.50/point per Axis)
  • 🎁Arcelia and the group beauty counters — MAC, Clinique, Estee Lauder, Bobbi Brown, Jo Malone, Smashbox

What your Axis EDGE Reward Points are worth

Realistic value per point by redemption route — the difference is what most people leave on the table.

EDGE Rewards cashbackBEST

Standard EDGE Reward Points

₹0.20/pt
EDGE Rewards vouchersBEST

Gift-voucher catalogue

₹0.20/pt
Travel EDGE portalBEST

Flights & hotels

₹0.20/pt
Compare what every reward currency is worth →
The concern

First Citizen points redeem only at Shoppers Stop and HomeStop, and the off-store earn is just 2 points per ₹200 — value is trapped unless you are a genuine Shoppers Stop regular.

Frequently asked questions

What does the Shoppers Stop card earn?
First Citizen points — 20 per ₹200 on Shoppers Stop Exclusive (private-label) brands, 12 per ₹200 on every other brand bought at Shoppers Stop, HomeStop, Arcelia and the group's beauty counters, and 2 per ₹200 on all other spends. The 12-point band is the general in-store rate, not a beauty-only rate. In effective-return terms this card's best everyday earn is 0.5% on everyday spends — percentages here are the real return after converting points at their card-specific value, not the headline points-per-₹100. It reaches 5% at Shoppers Stop and HomeStop — Shoppers Stop Exclusive brands, and only there. Figures as of October 2026.
What is a First Citizen point worth?
₹0.50. Axis publishes the figure itself, in the footnote to the value chart on the card's product page, and its worked example agrees — ₹50,000 spent on Exclusive brands earns 5,000 points and is credited as ₹2,500 of savings. So the top band is 5% back in store credit, other in-store brands 3%, and everything outside the estate 0.5%. Shoppers Stop's own club policy declines to print a rate and refers you to the store or app, so treat ₹0.50 as the issuer's number rather than a contractual guarantee.
What is the welcome benefit?
Shoppers Stop vouchers with a ₹2,250 face value, First Citizen points worth ₹300 on your first transaction within 30 days, and a complimentary Golden Glow membership. Read the voucher stack carefully: each component carries its own minimum spend — three ₹500 vouchers each need ₹5,000 at Shoppers Stop or HomeStop, a fourth ₹500 voucher needs ₹2,500 on Exclusive brands, and the last ₹250 is an online voucher. Extracting the whole ₹2,250 therefore takes roughly ₹19,000 of in-store spend. The welcome benefit is currently valued at about ₹2,250 against a joining fee of ₹590 all-in (incl. GST) — a first-year net of roughly ₹1,660 in your favour before any spend-based rewards. Figures as of October 2026.
Does it have lounge access?
No — the Shoppers Stop card has no airport lounge access. It does carry a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹400 a statement month.
What is the fee waiver?
₹1 lakh of annual spend waives the ₹500 annual fee — but rent (MCC 6513) and wallet loads (MCC 6540) are excluded from the qualifying total, as are EMI conversions, balance transfers, cash withdrawals and the card's own fees and charges. The renewal fee is ₹500 plus 18% GST — ₹590 all-in, which is the figure that actually hits the statement. Spending ₹1,00,000 in the card year waives the renewal fee — about ₹8,333 a month. Figures as of October 2026.
How will Axis apply my payment across the outstanding balance from 28 August 2026?
From 28 August 2026 Axis clears a credit card payment in this order — fees and charges including taxes, then EMIs, then interest charges, then purchase transactions, and cash advances last. That swaps the final two: the order it replaced cleared cash advances fourth and purchases last. It only bites if you pay less than the full statement balance, because a part-payment now settles purchases before it reaches a cash advance — and Axis charges interest on a cash advance from the day of withdrawal, with no interest-free period, so the costliest balance is the one left outstanding longest. Paying the statement balance in full makes the order irrelevant.
How has the Axis Bank Shoppers Stop Credit Card changed over time?
Our dated Value Timeline for the Axis Bank Shoppers Stop Credit Card (on this page) records 6 changes since 2024: 4 devaluations, 0 improvements, and the rest neutral changes such as launches or restructures. The most recent entry: Dynamic currency conversion markup more than doubles to 3.5% (28 August 2026). Each event carries its source, so any figure here can be checked against the issuer's own documents.
Has the Axis Bank Shoppers Stop Credit Card been devalued recently?
Yes — our record shows 4 devaluations to the Axis Bank Shoppers Stop Credit Card in the last 24 months. The most recent: Dynamic currency conversion markup more than doubles to 3.5%, effective 28 August 2026 — from 1.5% + GST to 3.5% + GST. The full dated list, with what changed and its source, is in the Value Timeline on this page.
When did the Axis Bank Shoppers Stop Credit Card's fees last change?
28 August 2026: Dynamic currency conversion markup more than doubles to 3.5% — from 1.5% + GST to 3.5% + GST. The current fee schedule is in the fees table on this page; the Value Timeline lists every earlier fee change we have on record.
How did the Axis Bank Shoppers Stop Credit Card change in 2026?
Our record shows 3 changes to the Axis Bank Shoppers Stop Credit Card in 2026 (3 cuts): Tolls and road fees stop earning rewards; gift cards split into their own category (28 August 2026); New top late-payment slab of Rs 1,300 above Rs 50,000 (28 August 2026); Dynamic currency conversion markup more than doubles to 3.5% (28 August 2026). The biggest single change: before 28 August 2026 it was 1.5% + GST; from then on, 3.5% + GST. Every event, dated and sourced, is in the Value Timeline on this page.

The bottom line

The Shoppers Stop card does one thing well: it rewards Shoppers Stop loyalty. If you already shop there several times a year, 5% back on Exclusive brands (in First Citizen points at Axis's own ₹0.50 each) plus the welcome vouchers clears the ₹500 fee comfortably. But the points are locked to Shoppers Stop, the off-store earn is a token 0.5%, and there is no lounge access — so it is strictly a companion card, not a daily driver. If you want an everyday cashback card, an [Axis ACE](/cards/axis-ace) or [Flipkart Axis] (/cards/axis-flipkart) fits far better.

Apply →Estimate my rewardsIs this YOUR best card? →

How this page was built

Counted from this card’s own record: 2 earn rules, 1 paid only at named merchants, the spends listed as earning nothing and 1 recorded perk. The renewal fee is conditional — it is waived on a published spend target, so the fee you pay depends on what you spend.

Last updated 11 Oct 2026.

Sources & verification

Fees, reward rates, and benefits for the Axis Bank Shoppers Stop Credit Card are taken from Axis Bank's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 11 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →

Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for Axis Bank. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.

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Guides and reviews related to this card.

Axis Bank Shoppers Stop Credit Card

A single-store loyalty card built on the Shoppers Stop First Citizen programme — 20 First Citizen points per ₹200 on Exclusive brands (5% at Axis's published ₹0.50/point), 12 per ₹200 on every other brand in store, 2 per ₹200 elsewhere, plus a ₹2,250 welcome voucher stack. The points redeem only at Shoppers Stop, so it's a companion card for genuine regulars, not a daily driver.

→

Shoppers Stop Black HDFC Bank Credit Card

The ₹4,500 premium tier: 7% at Shoppers Stop with points worth a full ₹1 against store vouchers, 16 domestic and 8 international lounge visits a year, and a welcome kit that covers the fee in year one. The catch is year two — there is no spend-based waiver at all, so the card has to return ₹4,500 on its own every year after.

→

Shoppers Stop HDFC Bank Credit Card

A ₹299 store companion card that pays for itself on day one — the welcome kit alone is a ₹500 voucher plus a ₹350 Silver Edge membership. 3% at Shoppers Stop with points worth a full ₹1 against store vouchers, and it links to UPI. Outside that, it is weak: points fall to ₹0.20, eight categories earn nothing, and there is no fee waiver.

→

Value timeline

Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.

Tracking since 2024 · last change Aug 2026

▲ Revaluation▼ Devaluation◆ Neutral / reversed

2026

  1. ▼ FeeObserved 29 Jul 2026 · Effective 28 Aug 2026

    Dynamic currency conversion markup more than doubles to 3.5%

    1.5% + GST→3.5% + GST

    Axis Bank raised the dynamic currency conversion mark-up from 1.5% to 3.5% plus GST. DCC applies when an overseas merchant offers to bill you in rupees instead of the local currency, and it stacks on top of the usual foreign-currency mark-up. Declining the rupee option at the terminal and paying in the local currency avoids the charge entirely.

    Verification: Axis Bank ↗ · Confidence: High

  2. ▼ FeeObserved 29 Jul 2026 · Effective 28 Aug 2026

    New top late-payment slab of Rs 1,300 above Rs 50,000

    Rs 1,200 on any total payment due above Rs 10,000→Rs 1,200 from Rs 10,001 to Rs 50,000; Rs 1,300 above Rs 50,000

    Axis Bank added a fifth late-payment slab. Everything up to Rs 50,000 is unchanged, but a total payment due of more than Rs 50,000 now attracts Rs 1,300 instead of Rs 1,200. The same notice fixes the order in which a payment is applied to the outstanding: fees and charges including taxes first, then EMIs, interest, purchases and cash advances.

    Verification: Axis Bank ↗ · Confidence: High

  3. ▼ RewardObserved 29 Jul 2026 · Effective 28 Aug 2026

    Tolls and road fees stop earning rewards; gift cards split into their own category

    Bridge fees, road fees and tolls earned at the normal rate→No rewards or cashback on bridge fees, road fees and tolls

    Axis Bank added bridge fees, road fees and tolls to the spends that earn nothing. Separately, gift card purchases move out of the Wallet spend category into a new Gift Card category; they already earned no rewards, and they continue to be excluded from spend-based fee waivers and milestone thresholds.

    Verification: Axis Bank ↗ · Confidence: High

2024

  1. ▼ FeeEffective 20 Dec 2024

    Bank-wide charges revision

    A portfolio-wide Axis repricing of ancillary charges took effect 20 Dec 2024: cash payment at branch ₹100 → ₹175, Dynamic Currency Conversion markup 1% → 1.5%, the rent-transaction surcharge became 1% uncapped, new 1% fees on wallet loads over ₹10,000 / fuel over ₹50,000 / utility bills over ₹25,000, and a new ₹100/month penalty if the minimum due is unpaid for two consecutive months. The finance charge was aligned to the 3.75%/month standard (from about 3.6% at this card's launch). The new EDGE Rewards redemption (₹99) and EDGE-to-partner conversion (₹199) fees do not apply here, as this card earns First Citizen points rather than EDGE points.

    Verification: Axis Bank ↗ · Confidence: High

  2. ◆ EligibilityEffective 15 Jul 2024

    Legacy Citi First Citizen cardholders migrated to Axis

    First Citizen Citibank card (Citi India, Mastercard, launched 2002)→Axis Bank Shoppers Stop Credit Card (Axis, Visa)

    As Axis Bank completed its acquisition of Citibank India's consumer business, the legacy First Citizen Citibank co-brand was folded into Axis with the credit-card book cutover completed on 15 Jul 2024. The First Citizen points programme continued under Axis, and card number, PIN, CVV and expiry stayed unchanged at cutover while replacement Axis cards were issued. Migrated First Citizen customers were moved onto the new Axis Bank Shoppers Stop card, whose Axis-era earn (20 points per ₹200 on private labels) replaced the old Citi First Citizen structure of 4–5 points per ₹100.

    Verification: Axis Bank ↗ · Confidence: High

Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.

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Source: <a href="https://cardadvisor.in/cards/axis-shoppers-stop#value-timeline">Axis Bank Shoppers Stop Credit Card value timeline</a>, CardAdvisor (CC BY 4.0).

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