Welcome Benefit: 100 points worth INR 20 on making first transaction.
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Axis Insta Easy Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: 100 points worth INR 20 on making first transaction.
Milestone Benefits
None.
Cashback Rate
1 reward point has value of INR 0.20.
Users will earn 6 reward points for every INR 200 spent on domestic and international transactions.
Effective cashback rate: 0.6%.
Movie Benefits
None.
Dining Benefits
Get upto 20% off on dining out through Eazydiner app.
Other Benefits
Guaranteed approval: Since the card is backed by an FD, getting approved certain, even for individuals with limited credit history.
No annual fee: This card has no annual fee, making it a potentially cost-effective option for basic use.
Flexible credit limit: You can get a credit limit of up to 80% of the principal amount of your FD, providing some spending power.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: 100 points worth INR 20 on making first transaction.
Milestone Benefits
None.
Cashback Rate
1 reward point has value of INR 0.20.
Users will earn 6 reward points for every INR 200 spent on domestic and international transactions.
Effective cashback rate: 0.6%.
Movie Benefits
None.
Dining Benefits
Get upto 20% off on dining out through Eazydiner app.
Other Benefits
Guaranteed approval: Since the card is backed by an FD, getting approved certain, even for individuals with limited credit history.
No annual fee: This card has no annual fee, making it a potentially cost-effective option for basic use.
Flexible credit limit: You can get a credit limit of up to 80% of the principal amount of your FD, providing some spending power.
Lounge Access
None.
Fees & Charges of
Axis Insta Easy Credit Card
Joining Fee
INR 3000
Annual Fee
INR 3000
Cash Advance Fee
2.5% (minimum Rs. 500) of the amount withdrawn.
Interest rate
2.50% per month (APR) of 30%.
Late Payment Fee
Late Payment Charges:Up to Rs. 1,200 based on outstanding amount:Nil for amount less than Rs. 300.Rs. 100 for Rs. 301 to Rs. 500.Gradual increase up to Rs. 1,200 for amounts exceeding Rs. 50,000.
Foreign Currency Transactions Fee
Foreign Currency Transaction Fee:3.50% of the transaction value.
Other Fees
Finance Charges:3.6% per month (52.86% p.a.) on purchases and cash advances. | Cash Withdrawal Charges:2.5% (minimum Rs. 500) of the amount withdrawn. | Overlimit Penalty:2.5% of over the limit amount (minimum Rs. 500). | Cash Payment Fee:Rs. 100 for converting outstanding dues to cash.
Joining Fee
INR 3000
Annual Fee
INR 3000
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
2.50% per month (APR) of 30%.
Late Payment Fee
Late Payment Charges:Up to Rs. 1,200 based on outstanding amount:Nil for amount less than Rs. 300.Rs. 100 for Rs. 301 to Rs. 500.Gradual increase up to Rs. 1,200 for amounts exceeding Rs. 50,000.
Foreign Currency Transactions Fee
Foreign Currency Transaction Fee:3.50% of the transaction value.
Other Fees
Finance Charges:3.6% per month (52.86% p.a.) on purchases and cash advances. | Cash Withdrawal Charges:2.5% (minimum Rs. 500) of the amount withdrawn. | Overlimit Penalty:2.5% of over the limit amount (minimum Rs. 500). | Cash Payment Fee:Rs. 100 for converting outstanding dues to cash.
Fee and Charges of
Axis Insta Easy Credit Card
Special Features
Approval is linked to your existing FD with Axis Bank and doesn't rely on your credit score.
Eligibility Criteria
The applicant must be above 18 years of age.
The applicant must have a fixed deposit account with Axis Bank with a minimum deposit of Rs. 20,000 and a maximum deposit of Rs. 25 Lakhs.
Speical Feature, Eligibility and Benefits of
Axis Insta Easy Credit Card
How to apply for Credit Card?
Eligibility: At least 18 years old with a valid PAN card.
Documents Required:Photo ID proof (Aadhaar card, driving license, etc.)
Address proof (utility bill, rental agreement, etc.)
Fixed Deposit details with Axis BankApplication Methods:Online: Visit the Axis Bank website and fill out the application form.
Offline: Visit your nearest Axis Bank branch and submit the required documents.
Account Opening and Procedure of
Axis Insta Easy Credit Card
Find Offers on Your Credit Card
Find Offers on Your Credit Card
The Axis Insta Easy Credit Card shines for building credit and offering flexibility, especially with its high cash withdrawal limit. However, the interest rate and cash withdrawal charges are significant considerations. Frequent spenders, especially travelers, might benefit more from cards with higher rewards and wider network acceptance.
The Axis Insta Easy Credit Card shines for building credit and offering flexibility, especially with its high cash withdrawal limit. However, the interest rate and cash withdrawal charges are significant considerations. Frequent spenders, especially travelers, might benefit more from cards with higher rewards and wider network acceptance.
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