Axis Bank Sampann Debit Card – Benefits, Fees & Eligibility

Introduction

The Sampann Debit Card, issued by Axis Bank, is exclusively linked to the Sampann Savings Account. It offers a compelling suite of benefits including an exclusive cashback program on travel, shopping, and fuel spends, complimentary movie tickets, high transaction limits, and comprehensive insurance coverage for personal accidents, air accidents, price protection, purchase protection, and baggage loss.

Transaction Limits & Usage

• Daily cash withdrawal limit: ₹1 lakh.
• Daily purchase limit (POS/online): ₹5 lakh.
• For minor debit cards:
  • Daily cash withdrawal limit: ₹5,000.
  • Daily purchase limit: ₹10,000.
• Contactless payment limit: Up to ₹5,000 per transaction.
• International usage is available and can be enabled via Branch, Axis Bank Mobile App, or Internet Banking.
• The card is Chip and PIN enabled for enhanced security.

Fees and Charges

• Card Platform: Visa.
• Primary Holder Issuance Fees: NIL.
• Joint Holder Issuance Fees: ₹500.
• Primary/Joint Holder Annual Fees: ₹500.
• Card Replacement Fee: ₹200.
• Domestic ATM cash withdrawal charges: ₹23 (applicable beyond the set free limit).
• Domestic ATM non-financial transaction charges: ₹10 (applicable beyond the set free limit).
• International ATM cash withdrawal charges: ₹125.
• International ATM non-financial transaction charges: ₹25.
• Cross-currency mark-up: 3.5% will be levied on all international cash withdrawal and purchase transactions.
• Dynamic Currency Conversion (DCC) markup fee: 1% plus GST will be applicable.
• Service tax will be applicable on all mentioned fees and charges.

Rewards & Offers

Cashback Benefits

• Get 3% cashback on travel bookings.
• Avail 2% cashback on shopping at select merchant categories.
• Get 1% cashback on Fuel Transactions across any fuel stations.
• Minimum transaction size for cashback: ₹1000.
• Maximum total applicable cashback: ₹500 per month across all cashback categories.

Complimentary Movie Tickets

• Receive one complimentary movie ticket (Buy One Get One) up to ₹200 through bookings on the INOX website, INOX mobile app, and INOX theatres.

EDGE REWARD Points

• Earn 2 EDGE REWARD Points for every ₹200 spent on domestic and international transactions.
• EDGE REWARDS are not awarded on cashback categories (travel, shopping, fuel) and certain merchant categories including charities, mutual funds, telecom, education, utilities, government/insurance, public sector life insurance, purchase of foreign currency, post office, fuel, and transportation.

Insurance Coverage

• Personal accident insurance cover: up to ₹10 Lakh.
• Air accident insurance cover: up to ₹1 Crore.
• Price Protection: up to ₹50,000.
• Purchase Protection: up to ₹50,000.
• Insurance on Baggage Loss/Checked in Baggage, and Baggage delay: up to 500 USD.

Account & Eligibility Criteria

• Eligibility for the Sampann Debit Card is automatic for holders of a Sampann Savings Account, requiring no additional documentation.

Debit Card Review

The Sampann Debit Card from Axis Bank is a strong offering for individuals holding a Sampann Savings Account, particularly those with significant spending in travel, shopping, and fuel categories, who can maximize the tiered cashback benefits. The card stands out with its high transaction limits and comprehensive insurance coverage, including personal accident, air accident, price, purchase, and baggage loss protection, adding substantial value and security. The complimentary Buy One Get One movie tickets for INOX users is a welcome perk for entertainment. However, users should be mindful of the ₹500 annual fee and the exclusions for EDGE REWARD points on cashback categories and other specific merchant types. International users should also note the 3.5% cross-currency markup and 1% DCC markup. Overall, it's a valuable card for its target segment, offering a blend of rewards and robust security features.

Important Product Details

• The card operates on the Visa platform.
• It supports contactless payments with a limit of ₹5,000 per transaction.
• Features Chip and PIN technology for enhanced transaction security.
• Provides instant SMS alerts for cash withdrawals, balance inquiries, debit/credit alerts, and transaction details.
• Offers immediate card blocking options via SMS, Phone Banking, or Internet Banking in case of loss or suspected misuse.
• Allows easy generation of Debit Card PIN at Axis Bank ATMs or through Phone Banking.

Other Details

• Users are advised not to use the Debit Card or online banking for collecting/remitting payments directly/indirectly outside India towards overseas foreign exchange trading through electronic/internet trading portals, as this may contravene the Foreign Exchange Management Act (FEMA), 1999, and Know Your Customer (KYC) / Anti Money Laundering (AML) regulations.
• Terms and conditions on Axis Bank Debit Cards will be updated effective May 1, 2024.