Axis Bank offers a lot of cards starting from basic entry level cards with decent reward rate or cashback all the way up to ultra premium credit cards with a host of lifestyle benefits. Here is the review of Axis My Zone Credit Card that serves a niche of customers who are into dining (online and offline) or movies.
Here’s everything you need to know about the Axis Bank My Zone Credit Card.
Overview
| Type | Entry-Level Rewards Credit Card |
| Reward Rate | ~0.4% |
| Best for | Swiggy and BOGO on PayTm movies |
Design
The card looks decent with a nice background picture of a headphone which might be a indication that this card is for the youths who are just getting into credit cards and are looking for a simple card for their expenses. The card is issued on Visa as well as Mastercard network.
Fees & Charges
Joining & Renewal Fee
| Joining Fee | Rs. 500 + 18% GST |
| Joining Fee Waiver | N/A |
| Joining Benefit | Complimentary annual subscription to SonyLiv Premium |
| Renewal Fee | Rs. 500 + 18% GST |
| Renewal Fee Waiver | waived off on annual spends greater than Rs. 2 lakh; Rent transactions (MCC 6513) and wallet load transactions (MCC 6540) aren’t eligible for annual fee waiver |
| Renewal Benefit | Complimentary annual subscription to SonyLiv Premium (on spending Rs. 1.5 lakh) |
Although there is no joining fee waiver option on this card but it is possible to get this card as lifetime free as Axis keeps running such offer either on Axis bank website or other select channels (ads on online portals). But for lifetime free cards, you may not get the complimentary SonyLiv membership.
Note:
- Joining benefit is applicable on doing 1st transaction within first 30 days of card issuance. The voucher code to activate the subscription will be sent via SMS on registered mobile number within 45 days of card issuance.
- Renewal benefit is only applicable on paid cards and on spending Rs. 1.5 lakh in previous card membership year. The voucher code to activate the subscription will be sent via SMS on registered mobile number within 60 days of payment of annual fees.
Other Fees
There is no fee for applying for an add-on card.
Forex Payments
3.50% of the transaction value + 18% GST (which adds up to 4.13%). With that much overhead charges, it is not worth it to use for spends on your foreign trip.
Fuel Purchases
There are no edge points earned on fuel purchases but you do get 1% fuel surcharge waiver across all petrol pumps in India as long as transactions are between Rs. 400 – Rs. 4000, exclusive of GST and other charges.
Ex. If you purchase fuel of Rs. 2000 then 1% surcharge of Rs. 20 is first applied and then waived off but the 18% GST of Rs. 3.6 is levied.
There is a capping of Rs. 400 per statement cycle for surcharge waiver per credit card account which is more than enough.
Rent Payments
No reward points on rent payments plus a charge of 1% of the transaction value + GST capped at Rs. 1500 per transaction is levied. Also, all the portals for rent payments take their own convenience fee which means use of this card for rent payments is not a good idea.
EMI Fees
For EMI transactions, a one-time processing fee of 1.5% or Rs. 250 whichever is higher is charged on the date of conversion.
Benefits
Reward Points
| Regular Spends | 4 points for every Rs. 200 |
| Reward Point Expiry | Never |
| Redemption Fee | NIL if points <300; Rs. 49 + 18% GST if points >300 and <10000 Rs. 99 + 18% GST if points >10000 |
| Exclusions | Movie, Fuel, Insurance, Wallet load, Rent, Utilities, Education, Government Institutions and EMI transactions |
Although it is a rewards credit card but the reward rate is pretty low. 1 reward points is valued at Rs. 0.20 on edge rewards catalogue which translates to a 0.4% reward rate.
Travel Benefits
Airport Lounge Access
With the entry level card that this is, it still comes with 1 complimentary domestic airport lounge access per quarter which is of great value. The limit is applied at quarter so for round trips this will be problematic. Nevertheless, just using it once at a lounge would get you your money’s worth.
- List of eligible airport lounges for mastercard network can be checked here.
- List of eligible airport lounges for visa network can be checked here.
Movie Ticket Benefits
This card gets you BOGO offer on Paytm movies i.e. you can get 100% discount upto Rs. 200 on 2nd movie ticket.
- Coupon Code: AXIS200
- Min Transaction: Book at least 2 movie tickets
- Usage limit: 1 per month
Note: Reward points are not earned on movie transactions irrespective of this offer.
Dining Benefits
Swiggy offer
Online food delivery orders at Swiggy can be mouthwatering as this card gives you 40% discount up to Rs. 120.
- Coupon Code: AXIS120
- Min. Transaction: Rs. 500
- Usage limit: 2 times a month per user ID on Swiggy
Note: Above offer is not applicable on Haldiram’s Restaurants on Swiggy.
Axis Dining Delights
Apart from the Swiggy offer, this card like every other Axis credit card gets Axis Dining Delight through which you can get upto 15% off upto Rs. 500 at restaurants by using EazyDiner to pay the bill.
- Offer: 15% upto Rs. 500
- Min. Transaction: Rs. 2500
- Usage Limit: Once a month per customer on EazyDiner
More details on Axis Bank Dining Delight program are available here.
Shopping Benefits
Those who prefer shopping on Ajio can use this card to get 30% off up to Rs. 1000.
- Coupon Code: AJIOAXISMZ
- Min. Transaction: Rs. 2999
- Usage Limit: Offer cannot be combined with any other promotion offered by AJIO.
Note: The user must sign up/login before applying the coupon code in order to avail the offer. The final discount applicable on applying coupon code will depend on the products added to the cart. Offer is limited only to catalogue on this link.
Best way to use this card
- Use on Swiggy to get Rs. 120 discount
- Avail BOGO offer on Paytm Movies
How to apply
With Axis you can hold up a maximum of three cards. You can apply either on Axis bank website website or at your nearest Axis bank branch. If you already hold an Axis card, then the credit limit they issue might be combined for this card and your existing one given that your existing card is non-premium category card.
Verdict
The Axis Bank MyZone Credit Card is a simple entry level credit card with a few good benefits and can be a good entry point for someone who is new to credit cards and does spend on movies and dining. If you get this card as LTF, then definitely go for it.
What are your thoughts about the Axis MyZone Credit Card? Feel free to share your views in the comment section below.
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