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

Introduction

The Axis Bank Shoppers Stop Credit Card is a co-branded credit card issued by Axis Bank, designed primarily for individuals who frequently shop at Shoppers Stop. Positioned as a mid-range card, it aims to enhance the shopping experience by offering generous reward points on purchases, especially on Shoppers Stop's private label brands. Key differentiating benefits include complimentary Shoppers Stop vouchers, a Golden Glow Membership, and exclusive dining discounts through EazyDiner.

Welcome Benefits

• Enjoy First Citizen reward points worth ₹300 upon first transaction within 30 days of card issuance.
• Get complimentary Shoppers Stop vouchers worth ₹2250, redeemable at Shoppers Stop and Homestop.
• Enjoy exclusive privileges of complimentary Shoppers Stop Golden Glow Membership.

Fees

• Joining Fee: ₹500 (only for new card issuance).
  • Limited Time Offer: Joining Fee Nil.
• Annual Fee: ₹500 + GST.
• Spend-Based Waiver: Annual fee is waived for a cumulative spend of ₹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: ₹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 Fees: 2.5% (Minimum ₹500) of the cash amount.
• Overdue Penalty or Late Payment Fees:
  • Nil if Total Payment Due is less than ₹500.
  • ₹500 if total payment due is between ₹501 - ₹5,000.
  • ₹750 if total payment due is between ₹5,001 - ₹10,000.
  • ₹1200 if total payment due is greater than ₹10,000.
  • An additional ₹100 charge will be levied if the 'Minimum Amount Due (MAD)' is not paid for two consecutive cycles and will apply until the MAD is cleared.
• Over Limit Penalty: 2.5% of the over limit amount (Minimum ₹500).
• Cheque Return or Dishonor Fee or Auto-Debit Reversal: 2% of the payment amount subject to Minimum ₹500.
• Surcharge on Purchase or Cancellation of Railway Tickets: As prescribed by IRCTC/Indian Railways.
• Foreign Currency Transaction Fee: 3.5% (plus tax) of the transaction value.
• Fuel Transaction Fee: 1% fee will be applicable on cumulative spends of ₹50,000/- or more on fuel transactions per statement cycle.
• Rent Transaction Fee: 1% fee per transaction on rental transactions.
• Utility Transaction Fee: 1% fee will be applicable on cumulative spends of ₹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 ₹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 ₹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 international locations or transactions performed in Indian currency with merchants located in India but registered in a foreign nation.
• Rewards Redemption Fee: Not applicable.

Rewards

• Shopping Rewards:
  • Unlimited 20 First Citizen accelerated points for every ₹200 spent on private label brands of Shopper’s Stop.
  • Unlimited 12 First Citizen accelerated points for every ₹200 spent on beauty products and other brands at Shopper’s Stop.
  • Unlimited 2 First Citizen points earned on every ₹200 spent elsewhere (outside Shoppers Stop).
  • Reward points will be credited directly to the customer's First Citizen Loyalty account.
  • No First Citizen Reward Points shall be awarded for: Transportation & Tolls, Utilities, Insurance, Educational Institutions, Govt. Institutions, Wallet, Rent, Fuel.
• Dining Benefits:
  • Enjoy a 15% instant discount on EazyDiner with Axis Bank Shoppers Stop Credit Card.
  • Maximum discount is capped at ₹500 per month.
  • Offer is applicable on a minimum order value of ₹2500.
  • Potential annual savings of up to ₹6,000 on food bills.
• Fuel Surcharge Waiver:
  • Get 1% fuel surcharge waiver on fuel purchases at all fuel outlets across India.
  • Valid on transactions between ₹400 to ₹5000 only.
  • Maximum benefit up to ₹400 per statement cycle.
  • GST charged on fuel surcharge is non-refundable.
• Other Benefits:
  • Complimentary ‘Shoppers Stop First Citizen Club Golden Glow’ membership for cardholders.
  • First Citizen points will not expire.

Rewards Redemption Guide

• Points are redeemable at Shoppers Stop stores (online/offline) and Homestop.
• To redeem rewards, cardholders can log in to their Axis Bank account, select the rewards option, choose the rewards they want to redeem, and use them to save money on their purchases.
• The Axis Bank Shoppers Stop Credit Card rewards program is designed to be easy and convenient.
• The redemption value of each First Citizen Point is ₹0.50.
• There is no redemption fee for points.

Card Eligibility Criteria

• Primary Cardholder should be 18-70 years of age.
• The individual should be a Resident of India.
• Must have a decent credit score.
• Must have a stable source of monthly income.

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.

Card Review

The Axis Bank Shoppers Stop Credit Card is highly recommended for individuals who frequently shop at Shoppers Stop and wish to maximize their shopping perks and rewards. It is also a good option for those who dine out regularly, thanks to the EazyDiner discounts.

• Who Should Apply: Loyal Shoppers Stop customers, individuals seeking rewards on shopping and dining, and those who enjoy exploring new restaurants.
• Pros:
  • No redemption fee for points.
  • Renewal fee waiver on spending ₹1 lakh or more in the previous year.
  • Exclusive rewards and benefits when shopping at Shoppers Stop, with accelerated reward points directly credited to the First Citizen Loyalty Account.
  • Dining benefits include a 15% instant discount on EazyDiner.
  • The card is globally accepted for international transactions.
• Cons:
  • Does not provide any airport lounge access (domestic or international).
  • Reward points are primarily limited to Shoppers Stop outlets (online/offline) and partner brands.
  • Foreign transaction charges apply for international transactions.

Important Product Details

• Complimentary ‘Shoppers Stop First Citizen Club Golden Glow’ membership for cardholders.
• First Citizen points will not expire.
• 1% fuel surcharge waiver on all fuel transactions between ₹400 and ₹5,000, with a maximum cap of ₹400 per waiver in the statement month.
• 15% instant discount on EazyDiner up to ₹500 per month for a minimum transaction value of ₹2,500.
• Reward points are credited directly to the customer's First Citizen Loyalty account.
• No redemption fee for rewards.
• Renewal fee waiver on spending of ₹1 lakh or more in the previous year.
• The card is globally accepted and can be used for international transactions.

Other Details

• The value chart illustrates total annual savings of ₹8,500 on annual spends of ₹3,00,000, broken down as follows:
  • Welcome Vouchers (redeemable at stores): ₹1500 (for ₹15,000 spend).
  • Welcome Vouchers (redeemable online): ₹250 (for ₹1,500 spend).
  • ₹500 Shoppers Stop vouchers redeemable on Exclusive Brand Apparel only: ₹500 (for ₹2,500 spend).
  • Welcome Benefit: First Citizen Reward Points worth ₹300.
  • Annual Spends at Shoppers Stop on Exclusive Brand Apparel: ₹2500 (for ₹50,000 spend).
  • Annual Spends at Shoppers Stop (on other brands), Homestop, Arcelia, M.A.C, Clinique, Estee Lauder, Bobbi Brown, Jo Malone & Smashbox: ₹2100 (for ₹70,000 spend).
  • Annual Spends outside the above-mentioned stores: ₹750 (for ₹1,50,000 spend).
  • Spends in excluded categories: ₹20,000 (no savings).
  • Fuel Surcharge Waiver: ₹100 (for ₹10,000 spend).
  • Annual Spends fee waiver: ₹500 (for ₹100,000 spend).
• The terms and conditions of Axis Bank Shoppers Stop Credit Card will be updated with effect from 20th June 2025.
• General legal disclaimers, privacy policy, code of commitment, responsible disclosure policy, and cookie policy information are available on the bank's website.