Airtel Axis Bank Credit Card
Gaurav
The Airtel Axis Bank Credit Card is a co-branded card from Axis Bank and Airtel, designed for Airtel users. It has an annual fee of ₹500 and offers an Amazon gift voucher as a welcome benefit. This cashback card gives up to 25% cashback on Airtel Mobile, DTH, and broadband payments, 10% on utility bills, and 10% on partner merchants. Cashback is automatically credited to your account.
Other benefits include complimentary airport lounge access, up to 20% off at participating restaurants, a 1% fuel surcharge waiver, and a waiver of the annual fee based on spending.
Rewards and Benefits
Movie & Dining
Up to 20% off on dining across 4000+ participating restaurants.
Domestic Lounge Access
4 complimentary domestic lounge access per annum.
Rewards Rate
Get 25% cashback on Airtel Mobile, Broadband, WiFi, and DTH recharges, 10% cashback on utility bill payments through the Airtel Thanks app, 10% cashback on Swiggy, Zomato, and BigBasket, and 1% cashback on other purchases.
Golf
N/A
Travel
Complimentary domestic lounge access.
Insurance Benefits
N/A
International Lounge Access
N/A
Reward Redemption
Direct cashback to the credit card statement.
Fees & Charges
Interest Rates
3.6% per month
Spend-Based Waiver
The annual fee is waived off on spending Rs. 2 lakhs or more in the previous year.
Rewards Redemption Fee
Nil
Cash Advance Charges
2.5% of the withdrawn amount or Rs. 500 (whichever is higher)
Foreign Currency Markup
3.50 +GST
Fuel Surcharge
1% fuel surcharge waiver on all transactions between Rs. 400 and Rs. 4,000.
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
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