Axis My Zone Credit Card
Gaurav
The Axis Bank My Zone Credit Card is an entry-level card with great benefits. For a joining fee of ₹500, you get a free SonyLiv subscription worth ₹999, movie and dining offers, and access to domestic airport lounges. You earn 4 EDGE Points for every ₹200 spent (1 EDGE Point = ₹0.20, giving a 0.4% reward rate).
You also get a monthly "Buy 1 Get 1 Free" offer on movie tickets via Paytm Movies and up to 15% off (up to ₹500) on dining. The card includes quarterly lounge access and additional benefits like milestone rewards and discounts on brands like AJIO.
This card offers plenty of value with useful features and offers, making it a good choice for frequent diners and moviegoers.
Rewards and Benefits
Movie & Dining
Enjoy a "Buy 1 Get 1 Free" offer on movie tickets through Paytm Movies, up to 15% off at partner restaurants with Dining Delights, and a flat Rs 120 off on food orders with Swiggy.
Domestic Lounge Access
1 Complimentary Lounge Access Every Quarter (4 Each Year)
Rewards Rate
4 EDGE Points/₹200 (Reward Rate of 0.4%)
Golf
N/A
Travel
N/A
Insurance Benefits
N/A
International Lounge Access
N/A
Reward Redemption
You can redeem the EDGE Points earned on the card for shopping or travel vouchers, or use them to buy products on the Axis Bank EDGE Rewards Portal.
Fees & Charges
Interest Rates
3.6% per month (52.86% per annum)
Spend-Based Waiver
N/A
Rewards Redemption Fee
Nil
Cash Advance Charges
2.5% of the withdrawal amount subject to a minimum charge of Rs. 500
Foreign Currency Markup
3.50 +GST
Fuel Surcharge
Get a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000 at all fuel stations across India, with a maximum waiver of Rs. 400 per month.
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.
Add new comment