Axis Bank MY Zone Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Axis Bank MY Zone Credit Card
Bank Name :
Axis Bank
Type :
Shopping Credit Card
Interest Rate :
3.6% per month, 43.2 % annualized
Eligibility :
Primary cardholder should be between the age of 18 and 70 years .
Add-on cardholder should be over 15 years.
The individual should either be a Resident of India or a Non-Resident Indian.
Pros
Welcome Benefit: Get SonyLiv premium annual subscription worth INR 999 on your first spend within first 30 days of card issuance.
Users can get 100% off on second movie ticket at paytm movies upto INR 200, applicable once per month.
Users also get a Complimentary SonyLiv Premium annual subscription.
Users are eligible for 4 complimentary lounge access per year, Flat 120 off on Swiggy twice per month, and INR 1000 off on AJIO (one time benefit).
Users can earn 4 EDGE REWARD points with every INR 200 spent on the credit card.
Users also get a 15% discount of restaurants with Dining Delight offer.
Cons
Low cashback rate.
Cashback on Swiggy is limited to 2 times per month.
Limited value add features.
Pros & Cons
Welcome Benefits
Welcome Benefit: Get SonyLiv premium annual subscription worth INR 999 on your first spend within first 30 days of card issuance.
Rewards System
Reward System: You earn 2 edge reward points for every INR 100 spend using My Zone credit card. Value of 1 edge reward point = INR .20. Cashback rate: 0.4%.
International Forex Markup
3.5% of the transaction value
Welcome Benefits and Reward System
Special Features
Complimentary SonyLiv Premium annual subscription
Eligibility Criteria
Primary cardholder should be between the age of 18 and 70 years .
Add-on cardholder should be over 15 years.
The individual should either be a Resident of India or a Non-Resident Indian.
Benefits
25% cashback on movie tickets: You will get 25% cashback on movie tickets booked through BookMyShow. 5% cashback on weekends: You will get 5% cashback on all your purchases made on weekends. 1% fuel surcharge waiver: You will get a 1% fuel surcharge waiver on fuel purchases up to Rs. 400 per statement cycle.
Complementary airport lounge access: You will get one complimentary access to select airport lounges within India per calendar quarter.
No annual fee in the first year: You will not have to pay any annual fee in the first year of card membership.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
You can apply for the Axis Bank MY Zone Credit Card online or offline. Here are the steps on how to apply online:
Go to the Axis Bank MY Zone Credit Card website.
Click on the "Apply Now" button.
Enter your personal details such as your name, email address, and mobile number.
Enter your income and employment details.
Upload a scanned copy of your PAN card and Aadhaar card.
Select the credit limit you want.
Click on the "Submit" button.
An Axis Bank representative will contact you to verify your details and complete the application process.
Contact Details
1862 419 5555 & 1860 500 5555
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefit: Get SonyLiv premium annual subscription worth INR 999 on your first spend within first 30 days of card issuance.
Users can get 100% off on second movie ticket at paytm movies upto INR 200, applicable once per month.
Users also get a Complimentary SonyLiv Premium annual subscription.
Users are eligible for 4 complimentary lounge access per year, Flat 120 off on Swiggy twice per month, and INR 1000 off on AJIO (one time benefit).
Users can earn 4 EDGE REWARD points with every INR 200 spent on the credit card.
Users also get a 15% discount of restaurants with Dining Delight offer.
Low cashback rate.
Cashback on Swiggy is limited to 2 times per month.
Limited value add features.
Axis Bank My Zone credit card is a good credit card for youngsters, students, and freshers. However, due to low cashback rate it has limited attraction to people who are looking for a premium credit card.
Axis Bank My Zone Credit Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining fee: Rs. 500
Annual fee -1st Year: Nil, 2nd Year onwards: Rs. 500
Cash withdrawal fee from ATM - 2.5% of the cash amount.
Late payment fee: charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1200.
Finance charges (Retail purchases and cash) 3.6% per month (52.86% per annum)
Reward Redemption fee: INR 99
Interest rate: 3.6% per month, (52.86% per annum).
Fuel Surcharge
1% of transaction amount (Refunded for fuel transactions between Rs. 400 to Rs. 4,000. Maximum benefits up to INR 400 per month.
Billing Cycle
30 Days