Electronics multinational Samsung has launched its own credit card in partnership with Axis Bank. The Samsung Axis Credit Card is powered by Visa and will offer 10 percent cashback on Samsung products and services that are available online or through offline modes.
The Samsung credit card is available in two variants – Visa Signature and Visa Infinite.
The Visa Signature option has an annual fee of Rs 500 (excluding tax). It offers an annual cashback of up to Rs 10,000 and a monthly cashback limit of Rs 2,500. As part of the welcome gift, cardholders receive Edge Reward Points on their first 3 transactions. The welcome gift is a one-time benefit. Customers get 2500 points worth Rs 500 on first 3 transactions.
The Visa Infinite option has an annual fee of Rs 5,000 (excluding tax). It offers an annual cashback of up to Rs 20,000 and a monthly cashback limit of Rs 5,000. Similar to the Signature variant, customers receive reward points on the first 3 transactions. Customers get 30,000 points worth Rs 6,000 on first 3 transactions.
How to apply
Users can apply for a Samsung credit card through the Samsung Axis Bank credit card website. The other channels for receiving the credit card are Samsung Shop, Samsung Pay, Samsung Members, Axis bank channels, etc.
There is no minimum transaction value for cards. This means that users can get cashback on the smallest purchase throughout the year. The 10 percent cashback is available on both EMI and non-EMI transactions and is applicable on all existing Samsung offers. 10 percent cashback is available to offline channels that sell Samsung products through the Pine Labs and Benow payment interfaces. The discount can be availed at Samsung.com, Samsung Shop App, Flipkart as well as Samsung service centers.
The key merchant partners of Samsung Credit Card are BigBasket, Myntra, Zomato, Urban Company and Tata 1mg.
Other benefits of the credit card include airport lounge access, fuel surcharge waiver, dining offers and access to a range of offers from Axis Bank and Visa.