Tech giant Samsung launches a co-branded Visa credit card in cooperation with Axis Bank in India
Samsung launches Axis credit card in India. Source: Axis Bank
The co-branded Samsung Axis Bank credit card will be available in Signature and Infinite variants. Both will offer cardholders 10% cashback on all Samsung products and purchases. Besides, the loyalty program allows earning points on all Non-Samsung transactions.?
Accelerated rewards come on purchases with key partner merchants: bigbasket, Myntra, Tata 1mg, Urban Company and Zomato. Other perks include airport lounge access and a 1% fuel surcharge waiver.
president and CEO, Samsung South-West Asia
The cards will be available to Indian nationals aged 18-70 who are either employed or self-employed.?
Samsung Axis Infinite card incurs a joining / annual fee of INR 5000 + GST. However, the annual fee (applicable from the 2nd year of use) would be waived if customers spend INR 7 lac within a year from the card issuance date.?
The Signature variant is less expensive. It costs INR 500 + GST per year, with the same joining fee. Avoiding the annual fee is possible if you spend INR 2 lac within a year since the card issuance.
SEE ALSO:
New Samsung foldable phones and wearables include NFC, UWB and MST contactless technologies
Nina Bobro
Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.
