Axis Myzone Credit Card Review

Axis Bank My Zone Credit Card: Bank Axis Shopping, dining, and entertainment privileges are all included with the My Zone Credit Card. With this card, you can get decent discounts from well-known businesses like AJIO and Swiggy, free access to airport lounges, and a free annual SonyLiv membership. Only a few lifetime-free credit cards provide advantages in many different areas.

These are perfect for someone who is new to credit cards because they are simple to get accepted for and have low yearly fees. This article examines the Axis Bank MY Zone credit card’s features, incentives, and advantages.

Principal Points of Axis Bank Credit Card for My Zone

• Axis Bank People who want lifestyle perks on their credit cards can find them with the My Zone Credit Card.
  
  
• Use the card for weekend meals and shopping to get accelerated reward points.
  
  
• If you spend Rs. 5,000 or more within 45 days of receiving your card, the first year’s cost of Rs. 500 is waived.

Axis Bank My Zone Credit Card Features and Benefits

Welcome Benefit: A chunk of 100 points will be credited as a welcome bonus when the card is used for online purchases for the first time.

Reward Points System

• You receive 4 to 40 reward points for every Rs. 200 you spend using the card.
  
  
• On weekend eating expenditures at particular hotels and restaurants, you also get 10 times as many reward points.
  
  
• On weekend purchases at partner stores, you receive five times as many reward points.
  
  
• The 500+ incentives and offers mentioned in the Axis eDGE Loyalty Rewards Catalogue can be purchased with the earned Axis credit card reward points.

Free lounge visits are available: Axis My Zone Credit Card holders are entitled to four free visits per year to participating airport lounges in India.

Cashback on movie ticket purchases: If you purchase movie tickets with your My Zone Credit Card, you’ll be entitled to a 25% cashback rebate on your entire order. For bookings made with the card at the box office or online, the promotion is available every day of the week.

The most secure card:  reliable card The Axis Bank My Zone Credit Card is a chip card with EMV certification that is secured by both a chip and a PIN. Transactions are safer with a built-in chip than with a magnetic strip card. Fraudulent skimming and counterfeiting threats are decreased.

Fuel fee waiver: For fuel transactions made at any fuel station in India, receive a 1% fuel surcharge waiver. The exemption applies to card purchases between Rs. 400 and Rs. 4,000. The maximum surcharge waiver for each billing cycle is Rs. 400.

Dining perks: As part of Axis Bank’s “Dining Delights” program, you get at least 15% off your bill at a few select restaurants across the nation.

Convert purchases to EMI: Purchases that exceed Rs. 2,500 can be converted to convenient monthly installments by getting in touch with the bank. The sum can be paid back over terms of 6, 9, 12, 18, or 24 months.

Lifestyle advantages when using Axis Bank Credit Card for My Zone

Axis Bank My Zone Credit Card offers exclusive cashback deals, savings, and benefits on a variety of purchases including dining, retail, and online purchases.

Applying for Axis Credit Card for My Zone

You can apply for the My Zone Card on the Axis Bank website.

• You should determine whether you qualify for a credit card, start the online application process, and submit it along with the required paperwork to obtain the card. If you’re thinking about the card application process, you can follow the steps:
  
  
• To check your eligibility, go to the My Zone Credit Card from Axis Bank website and click “Check Eligibility.” Then, follow the on-screen instructions.
  
  
• Please provide the information requested on the following page.
  
  
• The appropriate set of papers would now need to be uploaded by you.
  
  
• A tracking ID is issued to your contact number as you upload and submit them; use it to follow the application for your credit card.

Fees & Charges for Axis Bank My Zone Credit Cards

Joining fee: Rs. 500 is the joining cost (waived off on spends of Rs.5,000 within 45 days of the card issuance)

Annual fee: Rs. 500 is the annual fee (2nd year onwards)

Finance Charge: Monthly finance charges are 3.90%.

Cash withdrawal fee: 2.5% of the transaction amount or Rs. 250 in cash withdrawal fees, whichever is larger.

Add-on fee: Add-on card cost is ZERO

Late payment fee: NIL if the statement balance is up to Rs. 100; Rs. 101 to Rs. 300; Rs. 301 to Rs. 1,000; Rs. 1,001 to Rs. 5,001; Rs. 5,001 to Rs. 20,000; Rs. 600; and Rs. 700 if the statement balance is up to Rs. 20,000.

Over-limit penalty fee: The over-limit fee is 3% of the over-limit amount, which is equal to Rs. 500.

Cash payment fee: The fee for cash payments is Rs. 100.

Duplicate statement fee: The fee for duplicate statements is ZERO.

Cheque returns or auto-debit reversal fee: The fee for reversed auto-debit or returned checks is Rs. 300.

Foreign currency transaction charge: 3.5% of the transaction amount is charged for foreign currency transactions.

Qualifications for Axis Bank Credit Card for My Zone

You can apply for the My Zone Credit Card if you meet the requirements listed below.

• The principal cardholder must be between the ages of 18 and 70.
  
  
• The minimum age requirement for add-on cards is 15 years old.
  
  
• The applicant may be an NRI or an Indian resident.

Documents required to apply for Axis Bank Credit Card for My Zone

• A photocopy of your PAN card or Form 60 color
  
  
• Income documentation (IT reta urn copy, most recent payslip, Form 16)
  
  
• Identification documentation
  
  
• Your license license and passport
  
  
• PAN card and Aadhaar cards
  
  
• Your proof of residence
  
  
• An image of your passport
  
  
• Ration Card Your Electricity Bill
  
  
• Your telephone bill for landlines

View and Take Away

Although the EDGE rewards on the Axis MY Zone credit card may not be great, it does have several positive features. Assuming we place 4 Swiggy orders and 1 Paytm movie ticket in a month:

• Swiggy orders cost Rs 300 multiplied by 4 equals Rs 1200.
  
  
• Swiggy savings equal Rs. 120 multiplied by 4 equals. One movie ticket costs Rs 200; the savings is Rs 200.
  
  
• On expenditures of Rs 1400, total savings are Rs 680.

That amounts to a 48% reduction in spending on Swiggy and Paytm. The card is still useful even if we don’t spend money on other things and wind up having to pay an annual fee. In order to maximize your savings, I would advise getting this card if you can use Swiggy and Paytm.

With the advent of co-branded cards with Vistara and Privilege cards, Axis Bank has recently been able to expand its credit card portfolio. The Axis MyZone Credit Card, on the other hand, has been a part of their lineup for a while.

FAQs – Axis Bank My Zone Credit Card