1) Flipkart Axis Bank credit card:
The Axis Bank Flipkart Credit Card is a co-branded credit
card designed to offer attractive rewards and benefits, especially for frequent
shoppers on Flipkart and its partner brands. Here are the key features and
benefits of the Axis Bank Flipkart Credit Card:
Key Features:
- Joining
and Annual Fees:
- Joining Fee:
₹500 plus taxes.
- Annual Fee:
₹500 plus taxes, waived off on spending ₹2 lakh or more in a year.
- Welcome
Benefits:
- Up to ₹1,100 worth of Flipkart vouchers, including
discounts on Flipkart, Myntra, and 2GUD.
- Cashback
and Reward Points:
- 5% Cashback:
On Flipkart, Myntra, and 2GUD.
- 4% Cashback:
On preferred partners like Swiggy, Uber, PVR, and Cure. fit.
- 1.5% Cashback:
On all other spends.
- Cashback is credited as statement credit in the
subsequent billing cycle.
- Fuel
Surcharge Waiver:
- Waiver of 1% fuel surcharge on fuel transactions
between ₹400 and ₹4,000, subject to a maximum benefit of ₹500 per
statement cycle.
- Lounge
Access:
- 4 complimentary domestic airport lounge visits per
year (max 1 per quarter).
- Dining
Offers:
- Discounts on dining through Axis Bank’s dining
delights program, providing up to 20% off at partner restaurants.
- Other
Benefits:
- Discounts and offers on travel, dining, and other
lifestyle categories with Axis Bank partner merchants.
- Contactless payment technology for quick and secure
transactions.
Fees and Charges:
- Interest
Rate: Typically, around 3.6% per
month (42.36% per annum) on the outstanding amount if not paid within the
due date.
- Late
Payment Fee: Varies based on the
outstanding amount, usually starting from ₹300.
- Overlimit
Fee: 2.5% of the overlimit amount,
subject to a minimum of ₹500.
- Cash
Advance Fee: 2.5% of the transaction
amount, subject to a minimum of ₹500.
Eligibility Criteria:
- Age: Generally, between 18 and 70 years.
- Income: Specific income criteria that can vary; typically
require proof of stable income.
- Credit
Score: A good credit score is
preferred for approval.
Application Process:
- Online
Application: This can be done through the Axis
Bank website or Flipkart’s website.
- Documentation: Requires submission of proof of identity, address,
and income.
Pros:
- High
cashback rate on Flipkart and partner brands.
- Complimentary
airport lounge access.
- Discounts
on dining and other lifestyle categories.
- Fuel
surcharge waiver.
Cons:
- An annual fee is applicable, although it can be waived with high spending.
- Cashback
on non-partner brands and categories is relatively lower.
- High interest rates on unpaid balances.
Conclusion:
The Axis Bank Flipkart Credit Card is a great option for
frequent shoppers on Flipkart and its partner brands, offering significant
cashback and rewards on purchases. Its additional benefits, such as airport
lounge access and dining discounts, make it a well-rounded card for a variety
of spending needs. Always check the latest terms and conditions directly with
Axis Bank, as these can be updated periodically.
2) Axis Kiwi Rupay Credit Card:
The Axis Bank Kiwi Credit Card, also known as the KWIK RuPay
Credit Card, offers several unique features and benefits, focusing on seamless
integration with UPI for convenient digital transactions. Here are the key
aspects of the card:
Features and Benefits
- Virtual
Card: Upon approval, users
instantly receive a virtual credit card via the Kiwi mobile app,
eliminating the wait for a physical card.
- UPI
Transactions: The card can be linked to UPI
apps like Kiwi, allowing you to make payments via UPI at merchants with QR
codes, including small and rural-area merchants.
- Rewards: Earn 2 EDGE reward points for every ₹200 spent on
domestic and international purchases. These points can be redeemed for a
variety of options including products, vouchers, flight and hotel
bookings, and more. Note that transactions like fuel purchases, wallet
reloads, and rental payments do not earn reward points.
- Fuel
Surcharge Waiver: Enjoy a 1% fuel surcharge
waiver on transactions between ₹400 and ₹4,000, with a maximum benefit of
₹150 per month.
- Lifetime
Free: The card does not have any
joining or annual fees, making it a cost-effective option for users.
Fees and Charges
- Interest
Rate: 3.6% per month (52.86% per
annum).
- Forex
Markup Fee: 3.5% on international
transactions.
- Reward
Redemption Fee: ₹49 for redeeming 300 to
10,000 points, and ₹99 for more than 10,000 points.
- Fuel
Surcharge Waiver: 1% on transactions between
₹400 to ₹4,000.
Application Process
- Download
Kiwi App: Available on the Google Play
Store or Apple App Store.
- Submit
Details: Enter personal details,
including PAN and mobile number.
- KYC
Verification: Complete the video KYC
process through the app.
- Virtual
Card Issuance: Upon approval, the virtual
card is instantly available on the app.
Eligibility and Documentation
- Age: 18 to 70 years.
- Nationality: Indian.
- Income
Proof: Salary slips or bank
statements for salaried individuals; audited ITR for self-employed
individuals.
- ID
and Address Proof:
Aadhar card, PAN card, passport, etc.
The Axis Bank Kiwi Credit Card is ideal for those looking for a cost-effective credit card with the convenience of UPI transactions and a straightforward rewards system
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