Samsung Axis Bank Signature Credit Card: The Samsung Axis Bank Signature Credit Card, a co-branded in partnership with Samsung and Axis Bank. It will come in 2 variants- Samsung Axis Bank Infinite Credit Card and Samsung Axis Bank Signature Credit Card. The Infinite card is a premium card and the Signature card is the basic one.
The Samsung Axis Bank Signature Credit Card, offers huge range of privileges and benefits to match your diverse requirements such as a great cashback rate on Samsung purchases. Not just offers on Samsung but also, the card offers complimentary lounge access to selected domestic airports in India and exciting dining discounts across several premium restaurants.
Here in this article we are going to discuss about the Benefits, Eligibility, Fees & Charges and how to apply for Samsung Axis Bank Signature Credit Card.
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1. Samsung Axis Bank Signature Credit Card Features and Benefits
The Samsung Axis Bank Signature Credit Card comes with a great cashback rate and several other benefits across different categories.
Here we have mentioned the features and benefits offered by the Samsung Axis Bank Signature Credit Card:
- Welcome Benefits: You get a welcome bonus of 2,500 Edge Reward Points. You have to make a minimum of three transactions within the first 30 days to become eligible for this welcome benefit.
- Travel Benefits: You get 4 complimentary visits in a year to the select domestic airport lounges access i.e., 1 every quarter.
- Dining Benefits: You can avail of a 15% discount (up to Rs. 500) on dining across more than 4,000 premium restaurants in India and the discount can be availed twice every month.
- Fuel Surcharge Waiver: On your fuel transactions (Max. of Rs. 500 per statement cycle), cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India between Rs. 400 and Rs. 4,000. You don’t earn any cashback on fuel purchases.
- Renewal Fees: If you spent a minimum of Rs. 2 lakhs, the renewal fee of Rs. 500 is waived off, in the previous anniversary year.
- Reward Points: You get a 10% cashback on all their purchases from the Samsung brand, capped at Rs. 2,500 per month and Rs. 10,000 per anniversary year. And, the cashback will only be applicable to purchases made via Samsung offline stores, brand EMI, Samsung app/website, or Flipkart. On every spend of Rs. 100 on partnered brands, including BigBasket, Myntra, Zomato, UrbanCompany, Tata1mg, can earn 10 Edge Rewards.
2. Samsung Axis Bank Signature Credit Card Fees and Charges:
- The joining fee for the Flipkart Axis Bank Credit Card- Rs. 500 + Taxes.
- The Annual fee or Renewal fee charges are- Rs. 500 + Taxes (waived off on spending Rs. 2 Lakh in the preceding year).
- The Cash withdrawal fee, Rs. 500 or 2.5% of the withdrawn amount.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 3.6% per month (52.86% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: Less than Rs. 500: Nil, From Rs. 501 to Rs. 5,000: Rs. 500, From Rs. 5,001 to Rs. 10,000: Rs. 750, and Greater than Rs. 10,000: Rs. 1,200.
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3. Samsung Axis Bank Signature Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Samsung Axis Bank Signature Credit Card are as follows:
- The age limit for applying for this card is 18-70 years of age.
- The cardholder should be an Indian resident.
- The cardholder should have a stable source of income either through salary or self-employment with stable source of income.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
Also check, Airtel Axis Bank Credit Card
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