Samsung Axis Bank Signature Credit Card
Last Updated : Dec. 31, 2022, 1 p.m.
Axis Bank is a leading lender that offers customers high-quality credit cards. It has remained competitive by offering a variety of banking services such as loans, debit cards, credit cards, and so on. As a result, many people rely on the Axis Bank. Moving on to credit cards, having a credit card is extremely important today. Axis Bank offers a variety of credit cards. Axis Bank collaborated with Samsung to launch a co-branded credit card called the Samsung Axis Bank Signature Credit Card. It is one of the Best Axis Bank Credit Cards, offering a variety of benefits. You can get up to 10% cashback on Samsung products and services if you have the Axis Bank Samsung Signature Credit Card. In addition, a slew of other benefits from various categories.
Dive deeper into this article to understand all the aspects of the Samsung Axis Bank Signature Credit Card.
Features and Benefits of Samsung Axis Bank Signature Credit Card
Axis Samsung Signature Credit Card is worth purchasing due to the number of benefits the credit card provides in various categories. Further, it is one of the Best Axis Bank Credit Cards . From dining offers to complimentary lounge access you will find everything listed here.
Below are the benefits and features of the Samsung Axis Bank Signature Credit Card:
Welcome Benefits
The Axis Samsung Credit Card includes a welcome bonus of 2500 reward points. However, it is only valid if you make three transactions within 30 days of receiving your card.
Cashback
Get up to 10% off Samsung brand purchases. Furthermore, the cashback you will receive will be added directly to your credit card statement.
Edge Rewards
These are the following rewards you will earn:
- Spend Rs. 100 on Zomato, BigBasket, Tata 1mg, Urban company, and Myntra and you will get 10 reward points.
- For all the domestic and international transactions you spent Rs. 100 will make you earn 5 reward points.
Complimentary Lounge Access
With the Axis Bank Samsung Card you will get free domestic airport lounge access for up to 4 per year.
Fuel Surcharge Waiver
Get a 1% fuel surcharge waiver at all the petrol pumps in India.
Dining Offer
The Axis Samsung Credit Card is the best dining credit card that provides up to 15% off in cuisines in more than 4000 selected restaurants in India.
EMI Conversion
Flexibility to convert transactions worth more than Rs. 2500 in easy EMIs.
Eligibility Criteria
Eligibility criterion is an important aspect to know as it determines whether you are eligible to apply for a credit card or not. It is thus advisable to first look at the requirements that the bank demands.
These are the following credit card eligibility requirements you need to apply for the Samsung Axis Bank Signature Credit Card:
- Age: To reap the benefits of the Axis Samsung Signature Credit Card the applicant should be between the age of 18 to 70 years.
- Citizen: As per the Axis Bank till now only Indian citizens are eligible to apply for the Axis Samsung Card.
Document Required
Each bank has settled some of the documentation requirements to get access to a credit card. However, you as an applicant should follow them; perhaps your application must be declined.
Mentioned below the list of necessary documents that you should carry while applying for the Samsung Axis Bank Credit Card:
- PAN Card
- Coloured Passport Size Photograph
- Bank Statement
- Address Proof such as Driving License, Passport, Voter ID, Aadhaar Card
- Identity Proof
However as per the Axis Bank the documents may vary or the bank may ask for more documents if required. As there are certain situations where the bank seems to think that the documents you have required are inappropriate or do not fulfilling the requirements.
Fee and Charges
The Samsung Axis Bank Signature Card comes with a nominal joining fee of Rs. 500. It is the Best Axis Bank Credit Card for Low Income in India . However, other major fees and charges associated with the Samsung Axis Bank Signature Credit Card are explained below.
| Particulars | Fee |
|---|---|
| Joining Fee (Primary Card) | INR 500 |
| Annual Fee (Primary Card) | INR 500 However you can waive the annual charges of Axis Samsung Card by spending more than Rs. 2 lacs annually. |
| Joining Fee (Add-on Card) | Waived |
| Annual Fee (Add-on Card) | Waived |
| Card replacement fee (Primary Card) | INR 100 |
| Card replacement fee (Add-on Card) | INR 100 |
| Outstation Cheque Fee | Waived |
| Finance Charges | You will be charged 3.6% per month for the Axis Bank Samsung Signature Credit Card. Further, annual charges applied are up to 52.86% |
| Cash Withdrawal Fee | The withdrawal fee is up to 2.5%, i.e., a minimum of Rs. 500. |
| Late Payment Charges | - If the amount is less than Rs. 500 then no late payment is charged. - For payments that lie between Rs. 501 to Rs. 5000 up to Rs. 500 would be applied as a late payment fee. - An amount of Rs. 750 would be applied to the cardholder for late payment within Rs. 5001 to Rs, 10,000. - You have to pay Rs. 1200 charges if the total payment due is greater than Rs.10,000 |
| Foreign currency transaction fee | 3.5% of the translation value will be charged for the foreign currency transaction fee. |
How does the Samsung Axis Bank Signature Credit Card work?
Following is the brief value chart to help you understand how the Axis Bank Samsung Signature Credit Card procedure works. How you can reap the most benefits out of it. Moving on, imagine for a moment that your annual spending is worth Rs. 2 lacs. Keeping that in mind, I will now go into greater detail.
| Category | Benefit | Annual Spends | Total Benefit |
|---|---|---|---|
| Welcome Benefit ( You will earn Edge Reward Points by completing 3 transactions within 30 days of card issuance as a welcome bonus.) | INR 500 | ||
| Samsung Purchases (including EMI) | 10% benefit on purchases from Samsung | Rs. 1 Lakh you spend in a year | You can earn up to Rs. 10,000 in benefits on Samsung purchases at the end of the year. |
| Purchases from Zomato | With the Axis Bank Samsung Card, you will get a 2% discount on Zomato. | Let's say you twice spent Rs. 500 on Zomato orders in a month. 500 * 2= 1000. You will receive Rs. 1000 in just one month. Your total annual expenditure is Rs. 12,000. | 2% of 12,000 is 240 You will get Rs. 240 benefits from your Zomato purchases worth Rs. 12,000 in the year. |
| Purchases from BigBasket | 2% benefit is provided for purchases made from BigBasket | If you have to spend Rs. 1500 per year. 1500*12= 18,000. The annual spending on BigBasket is Rs. 18,000 | Up to Rs. 360 you will earn at the end of the year |
| Purchases from Myntra Rs.3000*4 times a year | The Axis Bank Signature Card offers a 2% discount on Myntra purchases. | Presume you spend Rs. 3000 on Myntra four times a year. 3000 * 4= 12,000 | 2% of 12,000 is = 240 which is the benefits in total you can redeem from the Myntra purchases. |
| Purchases from Urban Company Rs.1200*4 times a year | 2% discount on Urban Company Purchases | The cost of purchasing something from Urban Company four times a year is approximately 1200. 1200 * 4= 4,800. | 2% of 4800 equals 96. The total benefits per year from Urban Company are 96 for four purchases of Rs. 1200 each per year. |
| Purchases from Tata 1Mg Rs.800 per month * 12 months | 2% | Suppose you spent Rs. 800 per month on Tata 1 MG products for a year. 800 *12 = 9600 | The sum of 2% of 9600 is 192, which is your benefits at the end of the year. |
| Fuel Surcharge Waiver | 1% waiver | You will get a 1% fuel surcharge waiver limited up to Rs. 500 per statement cycle. For getting a fuel waiver of 3000 per month for 12 months each. 3000 * 12= 36,000 | 36,000’s 1% is 360. In the end, you are getting Rs. 360 benefits |
| Complimentary Airport Lounge Access (4 domestic airport lounge access per annum) | - | Per year you are getting 4 airports lounge access within India with the Samsung Axis Bank Credit Card | 4000 |
| Eazy Diner Dining offers Rs.2000 spends per month with Rs.500 off | - | With the Eazy, Diner Dining offers you are getting a straight discount of Rs. 500. Consider that over the courses of a year, you will spend Rs. 2000 at the chosen restaurants each month. 2000 * 12= 24,000 | 6000 |
| Total | Your total annual spending is Rs. 2,64,400 | The annual benefits of the Axis Samsung Signature Credit Card are Rs. 22,468. |
Conclusion
Axis Bank offers a variety of Axis Bank Credit Cards to meet the needs of all customers. Each card comes with a slew of benefits from a broad range of categories. Axis Bank, on the other hand, reigns supreme in the category of best credit cards in India . Aside from that, the Samsung Signature Card is a new launch in which Axis Bank collaborates with the Samsung Brand to create an exclusive co-branded card . We have provided a summary of the credit card’s benefits and features above. If you require any additional assistance, please contact Axis Bank’s customer service.