Axis My Zone Credit Card – Benefits, Fees & Eligibility

Introduction

The Axis My Zone Credit Card is an entry-level offering by Axis Bank, available on MasterCard, Visa, and RuPay networks. It is positioned for individuals who frequently spend on movies, dining, and food. Key differentiating benefits include a complimentary SonyLiv Premium annual subscription, attractive movie and dining offers, and complimentary domestic airport lounge access.

Welcome Benefits

• Receive a complimentary SonyLiv Premium annual subscription worth ₹1,499.
• Cardholders are eligible for this benefit after making their first transaction within 30 days of the 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 & Charges Breakdown

• Joining Fee: ₹500 + GST
• Renewal Fee: ₹500 + GST
• Add-on Card Joining Fee: Nil
• Add-on Card Annual Fee: Nil
• Card Replacement Fee: Nil
• Cash Payment Fee: ₹175
• Reward Redemption Fee: ₹99 + GST
• Foreign Currency Transaction Fee (Forex Markup): 3.5% of the transaction amount.
• Dynamic Currency Conversion MarkUp: 3.5% of the 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.
• Interest Rates (Finance Charges): 3.75% per month (55.55% per annum) for Retail Purchases & Cash.
• Fuel Surcharge Waiver: 1% fuel surcharge waived off at all filling stations across India for transactions between ₹400 and ₹4,000. The maximum waiver is capped at ₹400 per statement cycle. GST charged on fuel surcharge is non-refundable. This waiver is also applicable on Credit Card on UPI transactions.
• Cash Advance Charges: 2.5% of the withdrawal amount, subject to a minimum charge of ₹500.
• 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 over-limit 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.
• Rent Transaction Fee: 1% of the transaction amount. 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 within a statement period. 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.
• GST: As per existing Government norms.
• Other Waived Fees: Duplicate Statement Fee, Charge Slip Retrieval Fee or Copy Request Fee, Outstation Cheque Fee, Balance Enquiry Charges, Hotlisting Charges.
• Mobile Alerts for Transactions: Free.

Rewards & Cashback Structure

• Earning Rate: Earn 4 EDGE Points for every ₹200 spent on all eligible categories.
• Reward Value: 1 EDGE Reward Point = ₹0.20, resulting in a reward rate of 0.4%.
• Milestone Benefit: Cardholders who spend ₹1.5 lakh in a card anniversary year will be eligible to earn 1,000 EDGE Reward Points as a milestone reward. This benefit applies to customers onboarded from April 1, 2025, onwards. The total spend will be evaluated 60 days after the card anniversary date, and eligible customers will receive the points within 90 days of achieving the milestone.
• Reward Exclusions: No EDGE Rewards will be earned on movies, fuel, wallet reloads, insurance, education, government-related, EMI transactions, rent, utilities, and jewellery.
• Milestone Exclusions: Spends on movies, fuel, insurance, utilities, rent, wallets, jewellery, education, and government institutions will not be counted towards the milestone calculation.
• Redemption Options: The EDGE Points earned on the card are redeemable against shopping/travel vouchers or for purchasing products from the Axis Bank EDGE Rewards Portal.

Travel, Lounge & Lifestyle Perks

• Lounge Access

  • Enjoy 1 complimentary domestic airport lounge access per calendar quarter (4 each year) to select airport lounges in India.
  • Lounge access is unlocked on meeting a minimum eligible spend of ₹50,000 in the previous three calendar months (effective from May 1st, 2024).
  • For newly issued cards, the minimum spend criteria is waived for the month of card issuance as well as for the following 3 calendar months.
  • This facility is only for the primary cardholder and not for add-on card members.
  • The estimated annual benefit from lounge access is ₹2,000 (assuming usage twice a year, though 4 accesses are provided).
  • Accessible Lounges:
    • Bangalore: 080 Domestic Lounge (Domestic T2), BLR Domestic Lounge (Domestic T1)
    • Chennai: Travel Club Lounge A (Domestic T1), Travel Club Lounge B (Domestic T1)
    • Hyderabad: Encalm Lounge (Domestic T1)
    • Kolkata: Travel Club Lounge (Domestic T1)
    • Mumbai: Travel Club Lounge (Domestic T1C), Adani Lounge (Domestic T2)
    • New Delhi: Encalm Lounge (Domestic T1), New Delhi Domestic T2 Lounge (Domestic T2), Encalm Lounge (Domestic T3)

• Movie Offers

  • Receive a Buy One Get One (BOGO) offer on movie tickets booked via the District by Zomato app.
  • Get up to 100% discount on the 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 awarded for movie ticket transactions.
  • The potential annual benefit from movie offers is up to ₹2,400.

• Dining & Food Delivery

  • Get a flat ₹120 off on food delivery at Swiggy on orders of ₹500 and above.
  • Use coupon code “AXIS120” to avail the discount.
  • This offer can be redeemed up to 2 times a month per user ID on Swiggy.
  • The offer is not valid at Haldiram’s restaurants across India.
  • The estimated annual benefit from Swiggy discounts is ₹2,880.
  • Avail up to 15% off up to ₹500 on a minimum order of ₹1500 with the EazyDiner program.
  • Enjoy exceptional dining experiences at top restaurants across India with the Axis Bank Dining Delights Program.

• Shopping Discounts

  • Get a flat discount of ₹1,000 on AJIO on minimum spends of ₹2,999.
  • Use coupon code ‘AJIOAXISMZ‘ to avail of the offer.
  • This discount is only available on select styles of T-shirts, jackets, sweaters, sweatshirts, party wear, etc.

• Travel Benefits on Cleartrip

  • Enjoy a flat 7% discount (up to ₹2,000) on domestic and international flight bookings.
  • Receive a flat 18% discount (up to ₹4,000) on hotel bookings.
  • Both benefits are applicable once per use per month.
  • Use code ‘CTAXISMYZONE’.

• Wednesday Delight

  • Beat the mid-week blues with exciting offers every Wednesday.
  • Instant savings of up to 15% on flights & hotels via MakeMyTrip.
  • 10% off on orders via Swiggy.
  • 10% off up to ₹1000 on Tira.

Card Eligibility Criteria & Income Requirements

• Minimum Age: Primary cardholder should be between 18 to 70 years of age.
• Employment Status: Salaried or self-employed.
• Salaried Monthly Income Threshold: ₹15,000 per month.
• Self-Employed Monthly Income Threshold: ₹30,000 per month.
• Credit Score (CIBIL) Preference: 700+.
• Residency: Applicant should be a Resident of India or Non-Resident Indian.
• Required Documents:
  • PAN card photocopy or Form 97.
  • Proof of income: Latest payslip / Form 16 / IT return copy.
  • Residence proof: Passport / Ration Card/ Electricity bill / Landline telephone bill.
  • These criteria are indicative, and the bank reserves the right to approve or decline applications. Documents required may vary on a case-to-case basis.

Credit Card Review

• Overall Verdict: The Axis My Zone Credit Card is a basic yet highly popular entry-level card from Axis Bank, offering substantial value for a nominal fee. It is particularly well-suited for new-to-credit millennials/Gen Z or first-time cardholders whose monthly spending largely revolves around movies, dining, and food delivery.
• Pros:
  • Highly beneficial for moviegoers, providing excellent Buy One Get One deals on bookings with District by Zomato.
  • Offers significant discounts on Swiggy orders.
  • Includes complimentary domestic airport lounge access, enhancing travel convenience.
  • Provides attractive discounts on popular shopping platforms like AJIO and dining at partner restaurants.
  • Comes with a low joining fee of ₹500 + GST.
  • Features a complimentary SonyLiv Premium annual subscription as a welcome benefit.
• Cons:
  • Complimentary airport lounge access is conditional upon a minimum spend of ₹50,000 or more in the previous quarter.
  • No Reward Points are earned for movie ticket bookings, fuel, wallet reloads, insurance, education, government-related, and EMI transactions.

Important Product Details

• Card Network Options: The Axis My Zone Credit Card is available on MasterCard, Visa, and RuPay networks.
• UPI Linking Capability: A RuPay variant of the My Zone Credit Card is available, which can be easily linked to UPI applications like PhonePe and Google Pay for convenient payments.
• Security Features: The card is an EMV certified chip credit card, designed with chip and PIN protection to minimize the risk of counterfeit and skimming fraud, enhancing security for transactions.
• EMI Conversion: Transactions exceeding ₹1,500 can be converted into manageable Easy Monthly Installments. For purchases of ₹2,500 and above, these can be easily converted into Easy Monthly Installments.
• Add-on Cards: Add-on cards are available with Nil joining and annual fees.
• Card Against Fixed Deposit: You can apply for this card against your Fixed Deposit (FD), with the credit limit being equal to or lower than the fixed deposit amount.
• Lifetime Free Offer: The card is currently available as lifetime free through select channels.

Other Details

• The card is best suitable for Movies, Shopping, and Food.
• The total estimated annual benefits from various discounts and waivers (excluding EDGE Reward Points) can be up to ₹9,739, assuming ₹1,50,000 yearly spends on eligible categories.
• The annual benefits as a percentage of spends are estimated at 6.7%.
• The Terms & Conditions of the "Axis Bank MyZone Credit Card" are subject to updates, with various effective dates mentioned (e.g., 28th August'26, 20th June,2025, and 15th Aug, 2025).
• The bank offers a diverse range of services including Credit Limit Increase, Instant loan on credit card, Credit Card against Fixed Deposit, Grab Deals, Convert Purchases Into EMIs, Credit Card Control Center, and Add-On Credit Card.