Airtel Axis Bank Credit Card – Benefits, Fees & Eligibility

Airtel Axis Bank Credit Card

Introduction

The Airtel Axis Bank Credit Card is a co-branded card offered by Axis Bank in partnership with Bharti Airtel. It is designed to provide a world of privileges, exclusive offers, cashbacks, and other benefits, primarily targeting individuals who frequently use Airtel Mobile, Broadband, WiFi, and DTH services. This card is considered one of the most rewarding credit cards in India, offering significant savings, with potential annual savings exceeding ₹12,000. The terms and conditions for this credit card will be updated effective 20th April, 2024.

Welcome Benefits

• Receive an Amazon eVoucher worth ₹500 on the first transaction made within the initial 30 days of card issuance. This benefit effectively offsets the joining fee.

Fees

• Joining Fee: ₹500 + GST (approximately ₹590)
• Renewal Fee: ₹500 + GST
• Spend-Based Waiver: The annual fee is waived from the second year onwards if you spend ₹2 Lakhs or more in the previous anniversary year. Rent and wallet load transactions are not counted towards this waiver.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% of the total transaction amount.
• Interest Rates: 3.75% per month (55.55% per annum)
• Fuel Surcharge: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000. The maximum waiver is capped at ₹500 per statement. GST charged on fuel surcharge is not refundable.
• Cash Advance Charges: Minimum of ₹500 or up to 2.5% of the cash withdrawn, whichever is higher.

Rewards

• Airtel Services Cashback:
  • 25% cashback on Airtel Mobile, Broadband, WiFi, and DTH bill payments when made via the Airtel Thanks app.
  • This cashback is capped at ₹250 per month.
  • Only applicable to recharges or bill payments for active Airtel connections. Payments for new or inactive connections, hardware costs, installation charges, or advance recharges do not qualify for cashback.
• Utility Bill Payments Cashback:
  • 10% cashback on utility bill payments (such as gas, electricity, and water, including HP gas cylinders) when made via the Airtel Thanks app.
  • This cashback is capped at ₹250 per month.
  • Cashback is only awarded for utility bill payments made through the Airtel Thanks app.
• Partner Brands Cashback:
  • 10% cashback on spends at Swiggy, Zomato, and BigBasket.
  • This cashback is capped at ₹500 per month across all partner merchants.
• Other Spends Cashback:
  • 1% unlimited cashback on all other eligible retail spends.
  • The RuPay variant is eligible for 1% cashback on UPI spends.
• Dining:
  • Enjoy a 15% discount, up to ₹500, at over 4000+ participating restaurants across India through the Axis Bank Dining Delights Program.
  • This discount is applicable on a minimum order value of ₹2,500.
• Travel - Lounge Access:
  • 4 complimentary domestic airport lounge accesses per calendar year to select airport lounges within India.
  • This benefit requires a minimum spend of ₹50,000 in the previous 3 months or previous quarter to be eligible.
  • No complimentary international lounge access is provided.
• Fuel:
  • 1% fuel surcharge waiver on fuel purchases at all fuel stations across India.
  • Valid on transactions between ₹400 to ₹4,000.
  • Maximum benefit is up to ₹500 per statement.
  • No cashback is earned on fuel transactions.
• Lifestyle - Wednesday Delight:
  • Exciting offers available every Wednesday, including:
    • Instant savings of up to 15% on flights & hotels via MakeMyTrip.
    • 10% off on orders via Swiggy.
    • 10% off up to ₹1000 on Tira.

Cashback Exclusions

• Utility Bill Payments not made through the Airtel Thanks app.
• Fuel purchases.
• EMI transactions.
• Rent payments.
• Government services.
• Insurance services.
• Education services.
• Payment of credit card fees & charges.
• Wallet loading transactions.
• Purchase of Jewelry items.
• Cash advances.

Rewards Redemption Guide

• Cashback earned from purchases and spends made with the card during the current billing cycle is automatically credited against your next credit card statement.
• The cashback amount is calculated based on the total spending during the statement period, after subtracting any returns or refunds that occurred in the same period.

Card Eligibility Criteria

• The applicant should be between 18 and 70 years old.
• The applicant should have a stable source of income.
• The applicant should be a resident of India.

Card Review

The Airtel Axis Bank Credit Card is an excellent choice for individuals who are loyal Airtel customers, frequently using its mobile, broadband, WiFi, and DTH services. The card's standout feature is its high cashback rate of up to 25% on Airtel spends, enabling significant savings. With a nominal annual fee of ₹500 + GST (approximately ₹590), it also provides valuable perks like complimentary domestic airport lounge access, enhancing travel experiences. This card is highly popular in the Indian market, offering substantial savings, particularly for those whose monthly spending on partner platforms like Swiggy, Zomato, and BigBasket is around ₹10,000, as it provides up to ₹500 in cashback in this category monthly.

Pros

• Exclusive 25% cashback on Airtel Mobile, WiFi, Broadband, and DTH services.
• 1% cashback on all other eligible purchases.
• Easy application process, with card delivery typically within 7 to 10 days.

Cons

• Only provides access to domestic airport lounges; international lounge access is not included.
• Benefits are primarily geared towards users who make bill and utility payments via the Airtel Thanks app, offering less advantage to those using other payment platforms like Amazon Pay or Google Pay for these transactions.

Important Product Details

• Amazon gift voucher worth ₹500 as a welcome benefit upon first transaction within 30 days.
• Up to 25% cashback on Airtel Mobile, broadband, and DTH bill payments via the Airtel Thanks app (capped at ₹250/month).
• 10% cashback on utility bill payments (gas, electricity, water) via the Airtel Thanks app (capped at ₹250/month).
• 10% cashback on spends at Swiggy, Zomato, and BigBasket (capped at ₹500/month).
• 1% cashback on all other retail spends.
• 4 complimentary domestic lounge accesses annually, subject to spending ₹50,000 in the previous quarter.
• 1% fuel surcharge waiver (transactions ₹400-₹4,000, max ₹500/statement).
• Annual fee waiver on spending ₹2 Lakhs or more in the previous anniversary year.
• Dining discount of 15% up to ₹500 at participating restaurants on minimum spend of ₹2,500.
• Option to convert transactions of ₹2500 or more into easy EMIs.
• Wednesday offers: up to 15% savings on flights & hotels via MakeMyTrip, 10% off on Swiggy, 10% off up to ₹1000 on Tira.

Other Details

• The card can be applied for online via the Axis Bank website, in addition to the Airtel Thanks app.
  • To apply online: Click on "Apply Now", you will be redirected to the Axis Bank website, fill in basic details, complete documentation/KYC, and then the application will be sent for approval.
• The credit limit for the Airtel Axis Bank Credit Card varies based on the applicant's credit history, payment history, and credit score. The maximum limit can be up to ₹5,00,000.
• Purchases of ₹2500 or more can be converted into easy EMIs by contacting the bank.
• For assistance, Axis Bank Customer Care can be contacted at 18001035577.