Axis My Zone Credit Card – Benefits, Fees & Eligibility

Introduction

The Axis My Zone Credit Card is an entry-level offering by Axis Bank, designed for individuals who frequently spend on movies, shopping, and food. It stands out with a complimentary SonyLiv Premium annual subscription, attractive movie and dining offers, and complimentary domestic airport lounge access, all available for a nominal fee.

Welcome Benefits

• Complimentary SonyLiv Premium annual subscription worth ₹1,499.
  • Eligible after making the first transaction within 30 days of card issuance.
  • The voucher code will be sent via SMS to the registered mobile number within 45 days of card issuance.
  • Voucher codes for promotional offers will also be sent via SMS to eligible customers within 60 days after the payment of the annual fees.

Fees

• Joining Fee: ₹500 + GST
• Annual Fee: ₹500 + GST
• Rewards Redemption Fee: ₹99 + GST
• Foreign Currency Markup: 3.5% of the transaction amount
• Interest Rates (Finance Charges): 3.75% per month (55.55% per annum) on retail purchases and cash.
• Fuel Surcharge Waiver: 1% fuel surcharge waived off at all filling stations across India for transactions between ₹400 and ₹4,000.
  • Maximum waiver capped at ₹400 per month (or per statement cycle).
  • GST charged on fuel surcharge is non-refundable.
  • Applicable on Credit Card on UPI transactions as well.
• Cash Advance Charges (Cash Withdrawal Fees): 2.5% of the withdrawal amount, subject to a minimum charge of ₹500.
• 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
• Hotlisting Charges: Nil
• Balance Enquiry Charges: Waived
• Overdue Penalty or Late Payment Fee:
  • 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 charge of ₹100 will be levied on missing payment of Minimum Amount Due (MAD) by the due date for two consecutive cycles. This charge will continue to be levied for every payment cycle until the MAD is cleared.
• Over Limit Penalty: 2.5% of the payment amount, subject to a minimum of ₹500.
• Cheque Return or Dishonour Fee or Auto-debit Reversal: 2% of the payment amount, subject to a minimum of ₹500.
• Surcharge on Purchase or Cancellation of Railway Tickets: As prescribed by IRCTC / Indian Railways.
• GST: As per existing Government norms.
• Rent Transaction Fee: 1% of transaction amount. GST applicable.
• Dynamic Currency Conversion Markup: 1.5% of transaction amount applicable 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. GST applicable.
• Education Transaction Fee: 1% on each education payment done through third-party apps. GST applicable.
• Wallet Load Transaction Fee: 1% on cumulative wallet load transactions of ₹10,000 or more in a statement cycle. GST applicable.
• Fuel Transaction Fee (additional): 1% on cumulative fuel transactions of ₹50,000 or more in a statement cycle. GST applicable.
• Utility Transaction Fee: 1% on cumulative spends of ₹25,000 or more made towards utility payments in a statement cycle. GST applicable.
• Online Skill-Based Gaming Transaction Fee: 1% on cumulative spends of ₹10,000 or more on online skill-based gaming platforms in a statement period. GST applicable.

Rewards

• Reward Rate: Earn 4 EDGE Points for every ₹200 spent with the card, which translates to a reward rate of 0.4% (1 EDGE Reward = ₹0.20).
• Exclusions for Reward Points: No EDGE Rewards will be earned on spends for movies, fuel, wallet reloads, insurance, education, government-related, EMI, Rent, Utilities, and Jewellery transactions.
• Movie Benefits:
  • Buy One Get One (BOGO) offer on movie tickets via the District app.
  • Enjoy a 100% discount on your second movie ticket, with a maximum benefit of ₹200 per month per customer.
  • Use coupon code “AXIS200” to avail of this offer.
  • No reward points are earned on movie ticket bookings.
  • This benefit can yield savings of up to ₹2,400 in a year.
• Dining Benefits:
  • Flat ₹120 off on food delivery at Swiggy on orders of ₹500 and above.
  • My Zone cardholders can avail of this offer twice a month using coupon code “AXIS120”.
  • Offer not valid at Haldiram’s restaurants across India.
  • This can lead to annual savings of ₹2,880.
  • 15% off up to ₹500 on a minimum order of ₹1,500 via the exclusive Axis Bank Dining Delights program in collaboration with EazyDiner. This discount can be availed once per month, yielding savings of ₹6,000 in a year.
• Travel Benefits:
  • Domestic Airport Lounge Access: 1 complimentary domestic airport lounge access per calendar quarter (4 each year) to select lounges across India.
    • Starting May 1st, 2024, access is based on a minimum eligible spend of ₹50,000 in the previous three calendar months.
    • For newly issued cards, the minimum spend criteria is waived for the month of card issuance