In this article we will provide the information related to the AIRTEL AXIS Bank Credit Card review, its features, including substantial cashback benefits, this card aims to reshape the credit card landscape. We provide our detailed review to determine whether this card merits a prime spot in your wallet.
INTRODUCTION TO AIRTEL AXIS BANK CREDIT CARD
In an industry-first collaboration, Axis Bank and Airtel have introduced the Airtel Axis Bank Credit Card, marking a significant milestone as the maiden co-branded credit card by a telecom giant in India.
FEES AND ELIGIBILITY
Joining and Annual Fees:
A modest joining and annual fee of INR 500, conveniently waived off on an annual spending of 200,000.
Notably, wallet loads and rental spends do not contribute towards the annual spending milestone.
REWARDS AND BENEFITS OF AIRTEL AXIS BANK CREDIT CARD
Joining Benefits
Receive an INR 500 Amazon eVoucher on the first transaction within the initial 30 days.
Recurring Benefits:
Unfortunately, the card lacks any recurring benefits.
Reward Points:
Standard reward rate of 1% cashback on all expenditures, with exclusions for fuel, EMI, wallet load, jewelry spends, and rent payments.
Accelerated reward rate:
25% cashback on Airtel mobile, broadband, wifi, and DTH bill payments through the Airtel Thanks app (capped at 300 per month).
10% cashback on utility bill payments via the Airtel Thanks app (capped at 300 per month).
Another 10% cashback on spends at preferred merchants like Swiggy, Zomato, and BigBasket (capped at 500 per month).
Lounge Access
Enjoy 4 domestic lounge accesses in a year.
THOUGHTS ON AIRTEL CREDIT CARD
POSITIVES OF AIRTEL AXIS BANK CREDIT CARD
Cashback Limits are Decent:
The standout feature of the Airtel credit card is the substantial 25% cashback on Airtel payments, offering a generous limit of 300 per month.
This is especially appealing for personal use, covering various Airtel services within the capped limit.
Preferred Merchant Cashback:
The additional 10% cashback on preferred merchants like Swiggy, Zomato, and BigBasket adds a valuable dimension, providing up to 500 in savings every month.
Direct Credit to Statement, No Redemption Fees:
The direct crediting of cashback to the card statement without any redemption fees is a user friendly feature, effectively reducing the upcoming card bill.
Lounge Access
Offering 4 domestic lounge accesses in a year adds a touch of luxury for frequent travellers.
NEGATIVES OF AIRTEL AXIS BANK CREDIT CARD
Refunds Not Counted Towards Repayment:
A minor inconvenience exists where any payment not initiated by the cardholder, such as refunds or cashback, will not be considered a payment towards the outstanding amount.
However, such credits will be factored into the subsequent month’s dues.
Base Reward Rate of 1%:
While the Airtel credit card does not have significant drawbacks, the base reward rate of 1% may be considered on the lower side.
A slightly higher rate, say 1.5%, could have enhanced the card’s overall appeal.
COMPARISON WITH OTHER CREDIT CARDS
An in depth comparison with SBI Cashback, Axis Ace, and Amex MRCC reveals that the Airtel credit card often outperforms the Axis Ace card in various scenarios.
The compelling features, such as 25% cashback on Airtel payments and 10% cashback on utilities and preferred merchants, contribute to its competitive edge.
Suggested Wallet Mix
For those without a vehicle, Airtel credit card, Axis Ace, and SBI Cashback are recommended, potentially eclipsing the need for Amex MRCC. This combination promises more than 5% cashback on every spend.
ALSO READ: AXIS MAGNUS CREDIT CARD REVIEW
CONCLUSION ON AIRTEL AXIS BANK CREDIT CARD
The Airtel Axis Bank credit card emerges as a robust choice for individuals seeking a straightforward cashback card, particularly those with an association with Airtel services.
Even if one doesn’t utilize Airtel services, the 10% cashback on utility bill payments and potential 15% cashback on Big Basket purchases make this card a valuable addition. The only drawback, to a certain extent, is the 1% cashback rate.
Video Credit: Every Paisa Matters
Consider incorporating the Airtel credit card alongside Axis Ace, SBI Cashback, and Amex MRCC to ensure a cumulative cashback of over 5% on most expenditures.
The Airtel Axis Bank Credit Card holds great potential for those keen on optimizing their savings. Share your experiences and thoughts on the Airtel Axis credit card in the comments section below!