Axis Bank Shoppers Stop Credit Card – Benefits, Fees & Eligibility

Axis Bank Shoppers Stop Credit Card

Introduction

The Axis Bank Shoppers Stop Credit Card is a co-branded card designed to enhance the shopping experience for individuals who frequently shop at Shoppers Stop. It offers a comprehensive rewards program, providing accelerated First Citizen points on purchases within Shoppers Stop, along with exclusive dining discounts and a fuel surcharge waiver. With attractive welcome benefits and a spend-based annual fee waiver, this card caters to loyal Shoppers Stop customers aiming to maximize their shopping perks and rewards.

Welcome Benefits

• Enjoy First Citizen reward points worth Rs. 300 upon your first transaction within 30 days of card issuance. These points are credited directly to your First Citizen Loyalty account.
• Get complimentary Shoppers Stop vouchers worth Rs. 2,250, which are redeemable at Shoppers Stop and Homestop stores (online/offline).
• Receive exclusive privileges through a complimentary Golden Glow Membership.
• First-Year Specific Welcome Vouchers (illustrative on Rs. 3,00,000 annual spends):
  • Welcome Vouchers redeemable at stores: Rs. 1,500 in savings (on Rs. 15,000 spends).
  • Welcome Vouchers redeemable online: Rs. 250 in savings (on Rs. 1,500 spends).
  • Rs. 500 Shoppers Stop vouchers redeemable on Exclusive Brand Apparel only (on Rs. 2,500 spends).
  • First Citizen Reward Points worth Rs. 300 as a welcome benefit.

Fees

• Joining Fee: Rs. 500 (only for new card issuance) + GST
• Annual Fee: Rs. 500 + GST (Waived for cumulative spend of Rs. 1 Lakh and above in the previous year)
• Add-on card joining fee: Nil
• Add-on card annual fee: Nil
• Card Replacement fee: Nil
• Cash Payment fee: Rs. 175
• Duplicate statement fee: Waived
• Charge slip retrieval fee or copy request fee: Waived
• Outstation cheque fee: Waived
• Mobile alerts for transactions: Free
• Balance enquiry charges: Waived
• Finance Charges (Retail purchases and Cash): 3.75% per month (55.55% per annum)
• Cash withdrawal fee: 2.5% (Minimum Rs. 500) of the cash amount
• Overdue penalty or Late payment fees:
  • Nil if outstanding amount is less than Rs. 500
  • Rs. 500 if outstanding amount is between Rs. 501 and Rs. 5,000
  • Rs. 750 if outstanding amount is between Rs. 5,001 and Rs. 10,000
  • Rs. 1200 if the outstanding amount is greater than Rs. 10,000
  • An additional charge of Rs. 100 will be applicable if the payment of Minimum Amount Due (MAD) is not made by the Payment Due Date (PDD) for two consecutive billing periods.
• Overlimit penalty: 2.5% of the over-limit amount (Minimum Rs. 500)
• Cheque return or dishonor fee or auto-debit reversal: 2% of the payment amount subject to Minimum Rs. 500
• Surcharge on purchase or cancellation of railway tickets: As prescribed by IRCTC/Indian Railways
• Foreign currency transaction fee: 3.5% + taxes of the transaction value
• Fuel Transaction fee: 1% fee will be applicable on cumulative spends of Rs. 50,000/- or more on fuel transactions per statement cycle (This is a fee for high fuel spends, separate from the waiver benefit).
• Rent Transaction fee: 1% fee per transaction on rental transactions
• Utility Transaction fee: 1% fee will be applicable on cumulative spends of Rs. 25,000/- or more on utility transactions per statement cycle
• Education Transaction fee: 1% fee per transaction will be applicable on education payments made via third-party apps
• Wallet Load Transaction Fee: 1% fee will be applicable on cumulative spends of Rs. 10,000/- or more on wallet load transactions per statement cycle
• Online Skill Based Gaming Transaction Fee: 1% fee will be applicable on cumulative spends of Rs. 10,000/- or more on Online skill-based gaming platforms in a statement cycle
• Dynamic Currency Conversion markup: 1.5% + taxes on international transactions performed in Indian currency at an international location or transactions performed in Indian currency with merchants located in India but registered in a foreign nation.

Rewards

• Accelerated Rewards at Shoppers Stop:
  • Unlimited 20 First Citizen accelerated points for every Rs. 200 spent on private label brands of Shoppers Stop.
  • Unlimited 12 First Citizen accelerated points for every Rs. 200 spent on beauty products and other brands at Shoppers Stop.
• General Spends Rewards: Unlimited 2 First Citizen points earned on every Rs. 200 spent elsewhere (outside Shoppers Stop).
• Dining Benefits:
  • Enjoy a 15% instant discount on EazyDiner with the Axis Bank Shoppers Stop Credit Card.
  • The maximum discount is capped at Rs. 500 per month.
  • This offer is applicable on a minimum order value of Rs. 2,500.
  • Potential annual savings of up to Rs. 6,000 on dining.
• Fuel Surcharge Waiver:
  • Get a 1% fuel surcharge waiver on fuel purchases at all fuel outlets across India.
  • Valid on transactions between Rs. 400 to Rs. 5,000 only.
  • Maximum benefit is up to Rs. 400 per statement cycle.
  • GST charged on fuel surcharge is non-refundable.
• First Citizen Point Value: The redemption value of each First Citizen Point is Rs. 0.50.
• Categories Excluded from Reward Points: No First Citizen Reward Points shall be awarded for Transportation & Tolls, Utilities, Insurance, Educational Institutions, Govt. Institutions, Wallet, Rent, and Fuel transactions.
• Illustrative Annual Savings (on Rs. 3,00,000 annual spends):
  • Annual Spends at Shoppers Stop on Exclusive Brand Apparel (Rs. 50,000): Rs. 2,500 savings.
  • Annual Spends at Shoppers Stop (on other brands), Homestop, Arcelia, M.A.C, Clinique, Estee Lauder, Bobbi Brown, Jo Malone & Smashbox (Rs. 70,000): Rs. 2,100 savings.
  • Annual Spends outside the above-mentioned stores (Rs. 1,50,000): Rs. 750 savings.
  • Fuel Surcharge Waiver (on Rs. 10,000 spends): Rs. 100 savings.
  • Annual Fee waiver (on Rs. 100,000 spends): Rs. 500 savings.
  • Total Annual Savings (including welcome benefits for the first year): More than Rs. 8,500.

Rewards Redemption Guide

• Reward points are credited directly to the customer's First Citizen Loyalty account.
• These First Citizen points do not expire.
• Points are redeemable at Shoppers Stop stores (online/offline) and Homestop.
• There is no redemption fee for converting points.
• To redeem, cardholders can log in to their Axis Bank account, select the rewards option, choose the desired rewards, and use them to save money on purchases.

Card Eligibility Criteria

Eligibility Rules

• The Primary Cardholder should be between 18-70 years of age.
• The individual should be a resident of India.
• Applicants must have a decent credit score.
• Applicants must have a stable source of monthly income.
• Note: The above criteria are only indicative. The bank reserves the right to approve or decline applications for credit card.

Documents Required

• PAN Card photocopy or Form 60.
• Proof of income (Latest payslip / Form 16 / IT Return).
• Residence proof (Driving License / Electricity Bill / Landline Telephone Bill).
• Note: The above list is only indicative. Documents required may vary on a case-to-case basis. ID proof and address proof are generally required.

Card Review

The Axis Bank Shoppers Stop Credit Card is highly recommended for individuals who frequently shop at Shoppers Stop and Homestop. It provides significant value through exclusive rewards, accelerated reward points on Shoppers Stop brands, and a complimentary Golden Glow Membership. The card also caters to those who enjoy dining out, offering a substantial 15% instant discount on EazyDiner. With the added benefit of no redemption fee and an annual fee waiver on eligible spends, it's an excellent choice for maximizing shopping perks. However, a notable drawback is the absence of airport lounge access, and the reward points are primarily focused on Shoppers Stop-related outlets. Overall, it's a must-have for loyal Shoppers Stop customers seeking a rewarding shopping and dining experience.

Pros

• No redemption fee for reward points.
• Renewal fee waiver on spending Rs. 1 Lakh or more in the previous year.
• Generous welcome benefits including reward points and Shoppers Stop vouchers.
• Accelerated reward points on Shoppers Stop private labels, beauty products, and other brands.
• Exclusive dining discounts on EazyDiner.
• First Citizen points do not expire.

Cons

• The card does not provide any airport lounge access.
• Reward points are primarily limited to Shoppers Stop outlets (online/offline), with lower earnings on other spends.
• Additional fees apply for certain transactions like high fuel spends, rent, utilities, education, wallet load, and online skill-based gaming.

Important Product Details

• Complimentary ‘Shoppers Stop First Citizen Club Golden Glow’ membership.
• First Citizen points earned will not expire.
• Enjoy an unlimited 20 First Citizen points for every Rs. 200 spent on Shoppers Stop's private label brands.
• Get an unlimited 12 First Citizen points for every Rs. 200 spent on beauty products and other brands at Shoppers Stop.
• Earn 2 First Citizen points for every Rs. 200 spent elsewhere.
• Benefit from a 15% instant discount on EazyDiner, capped at Rs. 500 per month, with a minimum transaction of Rs. 2,500.
• Receive a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000, with a maximum waiver of Rs. 400 per statement month.
• The annual fee of Rs. 500 + GST is waived if you spend Rs. 1 Lakh or more in the preceding year.
• There is no redemption fee for First Citizen reward points.
• The card does not offer airport lounge access.
• Reward points are not awarded for categories such as fuel, rent, utility, wallet loads, education, transportation, tolls, insurance, government institutions, and online skill-based gaming.

Other Details

• The Axis Bank Shoppers Stop Credit Card is globally accepted.