Samsung Axis Bank Signature Credit Card
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Joining Fee
Renewal Fee
Best Suited For
Reward Type
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Cashback
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Welcome Benefits
Movie & Dining
15% discount on dining across over 4,000 premium restaurants twice every month.
Rewards Rate
10 Edge Rewards on every Rs. 100 spent on partnered brands and 5 Edge Rewards on other spends.
Reward Redemption
Cashback is Provided Against Statements, and EDGE Rewards can be Redeemed for Multiple Options such as Statement Cash or Vouchers. 1 Edge Reward = ₹0.20.
Travel
N/A
Domestic Lounge Access
4 Complimentary Domestic Lounge Access Every Year. Visits are Unlocked on Spends of ₹50,000 in the Previous Quarter
International Lounge Access
NA
Golf
NA
Insurance Benefits
NA
Spend-Based Waiver
The annual fee of Rs. 500 is waived on spending Rs. 2 lakhs or more in the previous anniversary year.
Rewards Redemption Fee
Nil
Foreign Currency Markup
N/A
Interest Rates
3.6% per month
Fuel Surcharge
1% fuel surcharge waiver on all fuel purchases between Rs. 400 and Rs. 4,000.
Cash Advance Charges
2.5% of the withdrawn amount subject to a minimum of Rs. 500.
- Welcome benefits of 2,500 bonus Edge Rewards.
- 10% cashback on all Samsung purchases.
- 10 Edge Rewards on every Rs. 100 spent on partnered brands.
- 5 Edge Rewards on every Rs. 100 spent elsewhere.
- Complimentary domestic lounge access every year.
- 15% discount on dining spend across several premium restaurants.
- 1% fuel surcharge waiver on all fuel transactions.
Samsung Axis Signature Credit Card Features
From welcome bonuses to reward points to travel privileges, the Samsung Axis Bank Signature Credit Card comes with a lot of privileges across different categories. All its benefits and features are given below in detail:
Welcome Benefits
The cardholders get a welcome bonus of 2,500 Edge Reward Points. One needs to make a minimum of three transactions within the first 30 days to become eligible for this welcome benefit. This welcome bonus of 2,500 EDGE Reward Points is worth ₹500, therefore negating the joining fee paid.
Lounge Access
The Samsung Axis Bank Signature Card offers four complimentary domestic airport lounge access every year, i.e., one every quarter.
Dining Benefits
- The cardholders can avail of a 15% discount (up to ₹500) on dining across more than 4,000 premium restaurants in India.
- This dining discount can be availed twice every month.
Fuel Surcharge Waiver
The card offers a 1% fuel surcharge waiver on all fuel transactions between ₹400 and ₹4,000.
Spend-Based Waiver
The renewal fee of ₹500 is waived if the cardholder has spent a minimum of Rs. 2 lakhs in the previous anniversary year.
Earn Cashback With Samsung Axis Signature Credit Card
- The Samsung Axis Bank Signature Cardholders get a 10% cashback on all their purchases from the Samsung brand. The cashback under this category is capped at ₹2,500 per month and ₹10,000 per anniversary year. Moreover, the cashback will only be applicable to purchases made via Samsung physical stores, brand EMI, Samsung E-Store, or Amazon.
- The cardholders earn 10 Edge Rewards on every spend of ₹100 on partnered brands, including BigBasket, Myntra, Zomato, UrbanCompany, and Tata1mg
- On all other domestic & international transactions, the cardholders earn 5 Edge Rewards on every spend of ₹100.
- No Edge Rewards are earned on fuel purchases, cash advances, jewelry, insurance, education, payment of credit card fees, rental payments, and EMI transactions on brands other than Samsung.
Reward Redemption
- The EDGE Reward Points that you earn using this card can be redeemed against various products, vouchers, and other options available at the Axis Bank’s Edge Rewards portal. The value of 1 Edge Reward = ₹0.20
- The cashback is directly credited to the cardholders’ accounts within 60 days from the date of the eligible transaction.
Eligibility Criteria
Following are the eligibility criteria that an individual needs to fulfill to get approved for the Samsung Signature Credit card by Axis Bank:
- The primary cardholder’s age should be between 18 years and 70 years.
- The supplementary cardholder must be above 18 years of age.
- The applicant should have a stable source of income.
- The applicant should be an Indian resident.
Bottom Line
The Samsung Axis Bank Signature Credit Card is a great choice for those who are loyal to the Samsung brand for all their electronic-related purchases. Moreover, it can also be considered a great choice for people who are looking for an affordable credit card with decent privileges across different categories. This card doesn’t only offer an excellent cashback rate on Samsung purchases, but it also provides cardholders with several other benefits, including a decent reward rate on other spends, complimentary lounge access, dining discounts every month, and many more. Though the Samsung Axis Bank Infinite Credit Card offers more privileges, it also charges a higher annual fee compared to the Signature variant. So, the Samsung Axis Bank Signature Card is a very good option for those who are looking for decent benefits with lower annual charges.
FAQs:
What is the reward rate on samsung purchases with the Samsung Axis Bank Signature Credit Card?
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Does this card offer complimentary lounge access?