Introduction:
The Airtel Axis Bank Credit Card offers substantial cashback benefits for Airtel service users and everyday expenses. This card is ideal for those looking to maximize their savings on Airtel transactions, utility bill payments, and popular partner merchants.
Key Highlights:
- Welcome Benefits: Get an Amazon eVoucher worth Rs. 500 on your first transaction within 30 days of card issuance.
- Cashback Benefits:
- 25% cashback on Airtel Mobile, Broadband, WiFi, and DTH bill payments via the Airtel Thanks app (capped at Rs. 300 per month).
- 10% cashback on utility bill payments such as gas, electricity, etc., via the Airtel Thanks app (capped at Rs. 300 per month).
- 10% cashback on spends at Swiggy, Zomato, and BigBasket (capped at Rs. 500 per month).
- 1% cashback on all other spends.
- Dining Benefits: Up to 15% off at over 4,000 partner restaurants under the Axis Bank Dining Delights Program.
- Travel Benefits: Four complimentary domestic lounge accesses per year, subject to a minimum spend of Rs. 50,000 in the previous three months.
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on fuel purchases between Rs. 400 and Rs. 4,000 (maximum benefit up to Rs. 500 per statement).
Fees and Charges:
- Joining Fee: Rs. 500.
- Annual Fee: Rs. 500 (waived on annual spends of Rs. 2 lakhs).
- Finance Charges: 3.6% per month (52.86% per annum) for Overdue
- Late Payment Fee:
- Nil for amounts less than Rs. 500.
- Rs. 500 for amounts between Rs. 501 and Rs. 5,000.
- Rs. 750 for amounts between Rs. 5,001 and Rs. 10,000.
- Rs. 1,200 for amounts greater than Rs. 10,000.
- Foreign Currency Markup: 3.5% of the transaction amount.
Additional Benefits:
- Dining Discounts: Up to 15% off at partner restaurants through the Axis Bank Dining Delights Program.
- Convert Purchases to EMI: Transactions of Rs. 2,500 or more can be converted into easy EMIs.
- EazyDiner Benefits: Enjoy up to 15% off at partner restaurants in India through EazyDiner.
Eligibility Criteria:
- Age: Primary cardholder must be between 18 and 70 years old.
- Income: Applicant must have a stable source of income.
- Residency: Applicant must be a resident of India.
Value Chart For Airtel Axis Credit Card:
Assuming Rs. 2 lakh annual spends (effective 20th Apr’24):
| Category |
Benefit |
Annual Spends (Rs.) |
Benefits in INR |
| Activation Benefit |
Rs. 500 |
- |
Rs. 500 |
| Airtel Billpay & recharge |
25% |
12,000 |
Rs. 3,000 |
| Non-telecom spends via Airtel |
10% |
30,000 |
Rs. 3,000 |
| Purchase from Swiggy |
10% |
15,000 |
Rs. 1,500 |
| Purchase from BigBasket |
10% |
15,000 |
Rs. 1,500 |
| Purchase from Zomato |
10% |
15,000 |
Rs. 1,500 |
| Fuel surcharge waiver |
1% |
20,000 |
Rs. 200 |
| Other Spends |
1% |
93,000 |
Rs. 930 |
| Airport lounge access |
- |
- |
Rs. 4,000 |
| Total Annual Benefits |
|
|
Rs. 16,130 (~8.07%) |
Conclusion:
The Airtel Axis Bank Credit Card stands out for its substantial cashback benefits, especially for Airtel service users. With up to 25% cashback on Airtel transactions, 10% cashback on utility payments and preferred merchants, and complimentary lounge access, it offers excellent value. The card's reasonable fees and the possibility of an annual fee waiver make it an attractive option for those seeking to maximize their savings on everyday expenses.