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Samsung Axis Bank Signature Credit Card
A co-brand built around 10% cashback on Samsung product purchases (capped at ₹2,500/month, ₹10,000/year) — an easy pick if you're due for a Samsung phone, tablet or appliance and plan the purchase around the cap, but the value drops sharply once you're outside Samsung and its named partner-merchant list. The ₹500 fee is comfortably waived on ₹2 lakh of annual spend, and the bundled lounge access and EDGE Points on partners like Myntra and Zomato give it some everyday relevance beyond a single Samsung purchase, though it's still best thought of as a purchase-timing card rather than a primary daily-spend card.
Annual fee
₹500
Joining fee
₹500
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 720+ whose spend is concentrated in online shopping. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
- Domestic lounge access: 4 complimentary domestic lounge visits per calendar year at select airports; access requires minimum spend of ₹50,000 in the preceding 3 months (effective May 1, 2024)
Benefits by category
- ✈️ Travel
4 complimentary domestic lounge visits a year, one per quarter, with no minimum-spend condition to unlock them
- 🛍️ Shopping
10% reward rate (capped ₹2,500/monthly)
- ⛽ Fuel
1% fuel surcharge waiver on fuel transactions between ₹400–₹4,000
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 720
- Employment: salaried, self-employed
- Age: 18–70
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹2,00,000
- Rewards redemption fee: ₹99 redemption processing fee applies on EDGE Reward point redemptions
- Foreign currency markup: 3.5%
- Fuel surcharge waiver: 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹4,000
- Cash advance charges: 2.5% of the cash amount withdrawn, minimum ₹500
Benefits
- 2,500 EDGE REWARD Points (worth roughly ₹500) on completing 3 transactions within 30 days of card issuance — an easy bar to clear with routine spending in the first month
- 4 complimentary domestic lounge visits a year, one per quarter, with no minimum-spend condition to unlock them
- 1% fuel surcharge waiver on fuel transactions between ₹400–₹4,000
- 10 EDGE REWARD Points per ₹100 (10% effective value) at select partners like Myntra, Tata 1mg, Zomato and BigBasket, on top of the headline 10% back on Samsung purchases themselves, capped separately at ₹2,500/month and ₹10,000/year
Pros
- + 10% cashback on Samsung purchases is genuinely strong for planned upgrades
- + Reasonable ₹500 fee with a ₹2L waiver threshold
- + 4 lounge visits a year plus a small welcome bonus
- + 10% rate also extends to a useful list of lifestyle partners like Zomato, Myntra and BigBasket, not just Samsung.com
- + Welcome bonus is achievable with just 3 ordinary transactions, no minimum spend amount specified
Cons
- − 10% cashback capped at ₹2,500/month and ₹10,000/year — one big Samsung purchase can exhaust the annual cap
- − Flat 1% base rate outside Samsung and named partners
- − Value is concentrated on a single brand's ecosystem
- − No forex markup waiver, so international spend costs the standard 3.5%
Best for
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