Credit Card

Samsung Axis Bank Infinite Credit Card

The Samsung Axis Bank Infinite Credit Card is a newly launched co-branded credit card offered by Axis Bank in collaboration with Samsung, a multinational electronics corporation. The Bank has launched two Samsung credit cards: the Samsung Axis Bank Infinite Credit Card and the Samsung Axis Bank Signature Credit Card. The Infinite credit card is a premium credit card and as the name suggests, it is meant to provide benefits for shopping at Samsung. The card welcomes you with 30,000 EDGE Reward Points which can be availed on making 3 transactions within 30 days of card issuance. For purchases made for Samsung Products, the card offers 10% cashback and offers up to 15 EDGE points on all spends of Rs. 100.

Being a premium credit card, the Samsung Axis Infinite card offers great travel benefits where you can enjoy complimentary domestic as well as international Aiport lounge visits. Moreover, the card offers great dining benefits with which you can enjoy plenty of offers at various restaurants. To know more about the Samsung Infinite credit card, refer to the following details.

  • Joining Fee- Rs. 5,000 (plus applicable taxes)
  • Renewal Fee- Rs. 5,000 (plus applicable taxes)
  • Best Suited For- Shopping
  • Reward Type- Reward Points
  • Welcome Benefits- 30,000 EDGE Reward Points

Rewards and Benefits

  • Movie & Dining- Complimentary 1-year EazyDiner Membership.
    25% off on dining bills (up to Rs. 800) twice per month for transactions above 2,000.
  • Rewards Rate- 15 EDGE Points for every Rs. 100 spent on merchants like BigBasket, Tata 1mg, Zomato, etc, 15 EDGE Points for every Rs. 100 spent on International transactions, and 5 EDGE Points per Rs. 100 spent on all other spends.
  • Reward Redemption- EDGE REWARDS Points are redeemable at the Axis EDGE REWARDS portal where 1 Edge Reward = Re. 0.20. EDGE Points can also be transferred to partner Airlines/Hotels Rewards Program.
  • Travel- Complimentary access to International as well as Domestic Airport Lounges.
  • Golf- NA
  • Domestic Lounge Access- 8 complimentary domestic airport lounge visits every year.
  • International Lounge Access- Priority pass membership with 6 complimentary International airport lounge visits every year.
  • Insurance Benefits- NA
  • Zero Liability Protection- Cardholders will not be held liable for any fraudulent transactions done on the card post reporting the card lost or stolen to the bank.

Fees & Charges

  • Spend based Waiver- The Annual fee of Rs. 5,000 is waived on spending Rs. 7 Lakh or more in the previous year.
  • Rewards Redemption Fee- NIL
  • Foreign Currency Markup- 3.5% of the transaction amount
  • Interest Rates- 3.6% per month (52.86% per annum)
  • Fuel Surcharge- 1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 5,000 (caped at Rs. 500 in a month).
  • Cash Advance Charge- 2.5% of the amount withdrawn or flat Rs. 500.
  • Add-on Card Fee- Nil

Product Details

  • 30,000 EDGE Reward Points as a welcome benefit.
  • Up to 15 EDGE Reward Points for every spend of Rs. 100.
  • 10% cashback on all Samsung purchases.
  • Complimentary access to International as well as Domestic Airport Lounges,
  • Complimentary 1-year EazyDiner Membership.
  • Up to 25% off on Dining bills with Axis Dining Delights.
  • 1% fuel surcharge waiver.

Samsung Axis Bank Infinite Credit Card Features and Benefits

Samsung Axis Bank Infinite Credit Card is one of the popular credit cards for shopping and is exclusively designed to provide benefits for purchasing Samsung products. The card also has a few benefits for travel as well as for Dining. Following are detailed features and premium benefits of the Samsung Axis Bank Infinite Credit Card:

Welcome Benefits

On making 3 successful transactions with the Samsung Axis Bank Infinite Credit Card, the cardholder is eligible to receive 30000 EDGE REWARD Points. The Points will be credited to the cardholder’s EDGE Loyalty account within 60 days of fulfilling the condition.

Cashback on Samsung Purchases

  • Get 10% cash back on all purchases made for Samsung Products at Physical Stores, via Flipkart, and Samsung service centers.
  • The cashback earned will be credited to the Card’s statement balance within 60 days of the transaction date.
  • Note that the maximum cashback is capped at Rs. 5,000 in one calendar month and Rs. 20,000 in the whole year.

Travel Benefits

  • Enjoy 8 complimentary access to Domestic Airport Lounges in a year.
  • Enjoy 6 complimentary access to International Airport Lounges in a year with complimentary Priority Pass membership (worth Rs. $99).
  • The complimentary Priority Pass membership can be activated upon making one successful transaction within the first 30 days of the card issuance date.

Dining Benefits

  • Enjoy 1-year complimentary EazyDiner Prime Membership and avail 25% discount at premium restaurants across major cities in India.
  • Enjoy up to 25% discount (up to Rs. 800) at 4,000+ restaurants across India under the Axis Bank Dining Delights program.
  • The discount can be availed for transactions above Rs. 2,000 and for a maximum of 2 times a month.

Spend Based Fee Waiver

The Annual fee of Rs. 5,000 is waived if you spend Rs. 7 Lakh or more in the previous year with your Samsung Axis Bank Infinite credit card.

Other Benefits

Apart from the above-mentioned premium benefits, the Samsung Infinite credit card by Axis Banks provides a few other benefits as mentioned below:

– Get a 1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 5,000 (capped at Rs. 500 per month).
– Convert all transactions above Rs. 2,500 into Easy EMIs.

Samsung Axis Bank Infinite credit card Reward Points

  • Get 15 EDGE Points per Rs. 100 spent on BigBasket, Tata 1mg, Urban Company, Zomato, and Myntra.
  • 15 EDGE Points per Rs. 100 spent on International & Domestic transactions.
  • 5 EDGE Points per Rs. 100 spent on all other spends.

Note that no EDGE Points towards transactions like Fuel, EMIs (non-Samsung purchases), Wallet loading, cash advances, jewelry purchases, outstanding balance payment, and rental payments.

Reward Redemption

The EDGE Reward Points earned with the Samsung Axis Bank Infinite credit card are redeemable for vouchers, gifts, products, etc on the Axis EDGE REWARDS redemption portal (1 Edge Reward = Re. 0.20).

Samsung Axis Bank Infinite credit card Fees and Charges

The following are the most important charges that are applicable on the Samsung Axis Bank Infinite credit card and must be considered before applying:

  • The joining and the annual fee of the card is Rs. 5,000. The annual fee comes with a waiver on spending Rs. 7 Lakh or more in the previous year.
  • The finance charges or the interest rates applicable on the card are 3.6% per month (52.86% per annum).
  • The cash advance fee applicable on the withdrawals is 2.5% (Min. Rs. 500).
  • The forex markup fee applicable on international transactions done with the card is 3.5% of the transaction amount.

Samsung Axis Bank Infinite credit card Eligibility Criteria

Following are the eligibility criteria that have to be fulfilled by the applicant when applying for the Samsung Axis Infinite card:

  • The applicant should be between 18 years and 70 years of age.
  • The applicant must be an Indian Resident.
  • The applicant should have a good and stable income.

Documents Required

Following are the documents that the applicant needs to carry when applying for the card:

Document Proof Documents acceptable
Identity Proof PAN Card, Ration Card, Aadhaar card, Voter’s ID, etc.
Address Proof Passport, Driving License, Utility Bills, Aadhaar card, Ration card, etc.
Income Proof Latest bank statements or salary slips, Latest ITR.

How to Apply for Samsung Axis Bank Infinite credit card?

The applicant can apply for the Samsung Axis Bank Infinite Credit card either online or offline. For the offline procedure, the applicant can visit the nearest Axis Bank branch and apply for the same. To apply online, one can follow the below-mentioned steps to apply for the card:

  • Visit Axis Bank’s official website.
  • Under ‘Explore Products,’ click on ‘Cards.’
  • Select ‘Credit Cards’ and click on ‘Explore more.’
  • Choose the ‘Samsung Axis Bank Infinite Credit card’ and click on ‘Apply Now’.
  • Proceed further by filling in the details carefully.

Conclusion

The Samsung Axis Bank Infinite Credit card can be regarded as one of the best credit cards launched by Axis Bank in recent times. If you are someone who loves using Samsung products, then having this credit card is a must as you can get 10% cash back on all your Samsung Purchases. Though the card is designed to provide benefits for shopping at Samsung, it also offers many other exclusive benefits such as complimentary access to International as well as Domestic Lounges, EazyDiner Prime Membership, and great dining benefits with Axis Dining Delights. On top of that, the card offers up to 15 EDGE Rewards points for transactions done on some of the leading brands like Zomato, Myntra, BigBasket, and much more. Let us know in the comment section below about your views on the Samsung Axis Bank Infinite Credit card.

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