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Axis Bank MyZone Credit Card
★★★★☆(4.5)Love to binge-watch your favourite series and movies while snacking? Well, what if we told you that you could earn rewards for doing just that? With the Axis MyZone Credit Card, you can enjoy a BOGO offer on movie tickets, a free annual membership of SonyLiv, and a discount on every Swiggy order, all for a nominal joining fee and an annual fee of ₹500. Plus, you'll earn 4 Edge Reward Points on every ₹200 spent, which means a base reward rate of 0.4%. This card also comes with shopping discounts and free access to airport lounges. Read on to know more in detail. 👇
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Features and Benefits
Aspects that make spending using this card lit as the sun!
Fee and Charges
Think of these as small investments to keep your credit card running smoothly.
Charges
Joining Fee
₹500Annual Fee
₹500Annual Percentage Rate
52.86%Add-on Card Fee
FreeMinimum Repayment Amount
5%Cash Withdrawal Fee
2.50%Cash Advance Limit
40%Card Replacement Fee
NilForeign Transaction Fee
3.50%Over Limit Penalty
2.50%Fuel Transaction Surcharge
1%Reward Point Value
₹0.20Pros
Aspects that make this credit card amazing.
- ⮚Free Sony Liv Membership.
- ⮚Buy 1 Get 1 on movie tickets.
- ⮚This card comes with EMV certification secured by both a chip and a PIN for safe transactions.
- ⮚Fuel surcharge waiver at all fuel stations in India.
- ⮚It offers 40% off on Swiggy, making it a good option for Swiggy users.
Cons
Aspects this credit card lacks.
- ⮚This credit card has a high-interest rate.
- ⮚A balance transfer fee of 3% of the transferred amount is charged.
- ⮚A foreign fee of 3% of the transaction’s total cost is charged.
- ⮚Only 1 complimentary lounge access per quarter.
- ⮚No reward points on movie transactions.
- ⮚No welcome benefits offered.
Axis Bank MyZone Credit Card Review
This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.
The point-based entry-level Axis Bank My Zone Credit Card has simple features. It is a good option for individuals looking for a flexible reward program, exclusive discounts, and offers on dining, shopping, and travel. However, this card comes with an annual fee after the first year of usage, high-interest rates, limited reward redemption options, and caps on offers.
Additionally, the complimentary airport lounge access also has its own set of restrictions.
It is best suited for people seeking an entry-level card with modest ongoing spending requirements or for premium and super premium credit cardholders seeking favourable dining privileges. However, an individual should consider all the pros and cons of this card against their spending habits and lifestyle to ascertain alignment before making a choice. If you are looking for other credit cards that offer benefits similar to this one, you can refer to the cards mentioned below: 1. SBI SimplyCLICK Credit Card 2. HDFC Millennia Credit Card 3. Standard Chartered Super Value Titanium Credit Card
Overview
| Best For | Shopping and Entertainment |
|---|---|
| Joining Fee | ₹500 |
| Renewal Fee | ₹500 |
| Best Feature | 4 EDGE Points on every ₹200 spent |
Axis Bank MyZone Credit Card Maximum Cashback
| REWARD | MINIMUM SPEND |
|---|---|
| 4 EDGE POINTS | ₹200 |
Who should get an Axis Bank MyZone Credit Card?
Answering this question is simple. This credit card will help the user save money and even earn rewards if they like watching movies, often eat out, and frequently fill up their vehicle. However, other cards do this task better. (Better rewards, no restrictions, etc.)
This could be a fantastic card if the user loves Axis Bank, conducts all their other banking there, and requires the red triangle emblem in the user's wallet. It is also suited for people who are foodies, as it not only provides a 40% discount on Swiggy but also 15% dining privileges under the Dining Delights program of Axis Bank.
How to Apply for an Axis Bank MyZone Credit Card?
Alternatively, you can also visit your nearest Axis Bank branch and fill out a physical application form along with providing the necessary documents.
Axis Bank MyZone Credit Card Eligibility
Applicants must be at least 18 years of age and have a steady source of income to be eligible for a credit card.
Documents Required
- Proof of identity: Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
- Proof of Address: Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
- Proof of Income: Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.