Axis My Zone Credit Card
The Axis Bank My Zone Credit Card is a simple and convenient option with great perks for people who enjoy dining, movies, and shopping. It gives you a free SonyLIV Premium subscription worth ₹1,499 every year if you meet the spending requirement. For every ₹200 you spend, you earn 4 EDGE Points, where each point is worth ₹0.20 — that's a reward rate of 0.4%. You can also get up to 15% off dining bills through the Dining Delights program (up to ₹500 per bill) and a "Buy 1 Get 1 Free" movie ticket offer every month on District by Zomato, with a yearly cashback limit of ₹1,000.
This card also offers travel and lifestyle benefits. You get access to select airport lounges four times a year if you meet the spending conditions. Plus, you can enjoy discounts on top brands like AJIO and Swiggy. With a low joining fee, the card is perfect for young adults and first-time users looking to save on everyday expenses while enjoying useful lifestyle benefits.
Rewards and Benefits
Fees & Charges
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.
What is the maximum movie cashback provided by the Axis Bank My Zone Credit Card?
You can receive up to ₹1,000 in cashback per calendar year for movie-related expenses when using this card.
Can purchases be converted to EMIs with this credit card?
Yes, any transaction worth ₹2,500 or more can be effortlessly converted into Easy Monthly Installments (EMIs).
Are reward points available for fuel transactions with this credit card?
No EDGE points are awarded for fuel purchases. However, a 1% fuel surcharge waiver is offered for transactions between ₹400 and ₹4,000, up to a relief of ₹400 per billing cycle.
What is the interest rate for the My Zone Credit Card?
The card carries a monthly interest rate of 3.6%, which equates to 52.86% per annum.
Is there a fee for redeeming reward points?
Axis Bank does not impose any fees for redeeming the EDGE Points earned with the My Zone Credit Card.
How can I withdraw cash using the My Zone Credit Card?
You can withdraw cash from ATMs at any time. However, note that a fee of 2.5% is charged on the total amount withdrawn.
How does the Axis Bank My Zone Credit Card work?
The card grants a line of credit for purchases and cash advances, with repayment due by a specified date. Failure to repay in full attracts interest and fees, but minimum payments are accepted.
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