Samsung partners with Axis Bank, launches Visa credit card in India

Samsung has partnered with Axis Bank to launch a co-branded credit card in India. It is powered by Visa, and users are entitled to receive 10 percent cashback offers across all Samsung products and services. According to the company, the 10 percent cashback offer via the Samsung Axis Bank Credit Card will be “over and above existing Samsung offers, on both EMI and non-EMI transactions.” Samsung Axis Bank credit card comes in two variants – Visa Signature and Visa Infinite.

“At Samsung, we believe in transforming the lives of our consumers through the power of innovation. The Samsung Axis Bank Credit Card, powered by Visa, is our next big India-specific innovation that will change the way our customers buy Samsung products and spend on services through a series of industry-leading features,” said Ken Kang, President, and CEO, of Samsung South-West Asia.

Samsung Axis Bank Signature Credit Card

The Samsung Axis Bank Signature credit card allows cardholders to avail of up to Rs. 10,000 cashback annually and has a monthly cashback limit of Rs. 2,500. The joining fee is Rs. 500 (excluding taxes) and Rs. 500 (excluding taxes) annual fee. However, the annual fee is waived off if the customer spends Rs. 2,00,000 or more annually.

Further, the cardholder will get 2,500 welcome EDGE Reward Points worth Rs. 500 on joining, and on spending every Rs. 100, they will get 5 points. For reference, 5 EDGE Rewards Points is equal to Re 1. The Signature credit card users will also get up to four complimentary domestic airport lounge access annually.

Samsung Axis Bank Infinite Credit Card

The Samsung Axis Bank Infinite credit card allows users to avail up to Rs. 20,000 cashback annually and has a monthly cashback limit of Rs. 5,000. The joining fee is Rs. 5000 (excluding taxes) and Rs. 5000 (excluding taxes) annual fee. However, the annual fee is waived off if the customer spends Rs. 7,00,000 or more annually.

Users will get 30,000 welcome EDGE Reward Points worth Rs. 6,000 on joining, and on spending every Rs. 100, they will get 5 points on domestic transactions and 15 points on international transactions. The Infinite credit cardholders will also get up to eight domestic and six international airport lounge access annually.

Eligibility

Salaried or self-employed Indians (18 years of age or above) can apply for the Samsung Axis Bank Credit Card using the website, Axis Bank channels, and various Samsung apps, including Samsung Shop, Samsung Pay, and the Samsung Members app. Original PAN card, Aadhaar card, and proof of income are required to get the Samsung Axis Bank credit card. Customers can also track their application status online.