Axis Samsung Signature Credit Card

About Axis Samsung Signature Credit Card

Are you looking for a way to make your love for tech actually pay for itself? The Axis Samsung Signature Credit Card is designed for those who want a simple way to earn while they spend.

This card offers a straightforward value proposition. With a modest annual fee of ₹500, you can earn 2,500 EDGE Reward Points as a welcome gift. Since each point is worth ₹0.25, you get ₹625 in value right at the start, essentially making the card free for the first year and even putting ₹125 back in your pocket.

Built for salaried professionals earning at least ₹25,000 per month, this card provides a smooth entry into the world of reward-based spending. It is especially useful for those who can hit a spending milestone of ₹2 lakh annually to wipe out their renewal fees entirely.

What sets it apart:

• ✓ Profitable Welcome: The 2,500 reward points bonus exceeds the joining fee of ₹500.
• ✓ Accessible Entry: Requires a credit score of 720 and a monthly income of ₹25,000, making it easier to get than premium metal cards.
• ✓ Simple Fee Waiver: Spend ₹2 lakh in a year, and the bank drops the ₹500 renewal charge for the next year.

Quick check: To qualify for this card, you will need to be between 21 and 60 years old and maintain a CRIF/CIBIL score of 720 or higher.

Let's break down why this card stands out for everyday users:

Key Benefits & Features of the Axis Samsung Signature Credit Card

The Axis Samsung Signature Credit Card focuses on rewarding your transactions through the EDGE Rewards program. Here is a detailed look at the benefits and the costs associated with the card.

Welcome Bonus Worth More Than the Fee

When you get this card, you pay a joining fee of ₹500. However, if you complete 3 transactions within the first 30 days of the card being issued, you receive 2,500 EDGE Reward Points. At a redemption rate of ₹0.25 per point, these points are worth ₹625. This means you start your credit journey with a net gain rather than a cost.

Renewal Fee Waiver

The card comes with an annual fee of ₹500. You can get this fee waived for the subsequent year if you spend more than ₹2 lakh in the preceding year. If you use the card for your regular grocery shopping, fuel, and dining, hitting this ₹16,666 monthly average is quite straightforward for most urban professionals.

Reward Point Redemption

Your earned points do not just sit there. You can use them through the EDGE Rewards catalog provided by Axis Bank. The conversion is simple: 1 Reward Point = ₹0.25. Base earning rates typically range from 5 to 10 points per ₹100 spend depending on the merchant category. You can view the exact category multipliers in your card welcome kit or banking app.

Eligibility and Income Requirements

This card is accessible to a wide range of applicants. You need to be between 21 and 60 years old. If you are a salaried employee, a monthly income of ₹25,000 is required. For self-employed individuals, the bank looks for a stable business income with an annual turnover of typically ₹6 lakh or higher. A CRIF score of 720 is the benchmark for a successful application.

Usage Restrictions (Important Exclusions)

To maximize your benefits, you should know where the card does not earn rewards or count towards specific benefits. You will not earn reward points or benefits on the following:

• Fuel purchases and Rent payments
• Government-related transactions and Utility bill payments
• Insurance premiums and Educational expenses
• Wallet loads and Jewellery purchases
• EMI transactions and Cash advances

How to Apply?

The application process for the Axis Samsung Signature Credit Card is digital and simple. Follow these steps to get started:

1. Visit the official Axis Bank website or use their mobile banking app.
2. Navigate to the 'Credit Cards' section and search for the Samsung Signature variant.
3. Ensure you meet the minimum income of ₹25,000 per month and have a credit score above 720.
4. Fill in your personal details, including your PAN, Aadhaar, and employment information.
5. Submit the digital application and wait for a representative to contact you for KYC (Know Your Customer) verification.
6. Complete the video KYC or physical document pickup as requested by the bank.
7. Once approved, you must make a minimum transaction of ₹100 within 30 days to activate the card and remain eligible for the welcome rewards.

The application processing and card dispatch timeline takes approximately 7 to 15 working days.

Credit Limit & What to Expect

Credit limits for the Axis Samsung Signature Credit Card are assigned based on your income, credit score, and existing banking relationship. If you are a first-time applicant with a ₹25,000 salary, you might see a starting limit between ₹30,000 and ₹75,000. For individuals with higher income or a long history with Axis Bank, this limit can be significantly higher. Credit limits typically range from ₹30,000 to ₹3,00,000 based on your income and credit profile.

Comparison Table: Axis Samsung Signature vs. Competitors

To understand where this card stands, we compared it with other popular shopping and co-branded cards in India.

If you are looking for a low-cost entry into the Samsung ecosystem, the Axis Samsung Signature is an excellent choice. However, if you are a heavy spender who buys multiple Samsung flagship devices every year, the Infinite variant's higher rewards might justify its ₹5,000 fee. For general shopping, the Amazon Pay ICICI card remains a tough competitor since it has no annual fee at all.

Documents Required for Axis Samsung Signature Credit Card Application

You will need to submit the following documents when applying:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, or Voter ID
• Address Proof: Aadhaar Card, Utility Bills (not older than 2 months), or Rent Agreement
• Income Proof: Latest 3 months' salary slips and 6 months' bank statements
• Employment Proof: Office ID card

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory) and Aadhaar Card
• Address Proof: Aadhaar Card or Property Documents
• Income Proof: Latest 2 years' ITR (Income Tax Returns) with computation of income
• Business Proof: GST registration or Shop Act License

Note: All documents must be self-attested. The bank may request additional documents during verification depending on your profile.

Who Should Get This Card?

Should you get this card? Here is who benefits most from the Axis Samsung Signature Credit Card:

The Tech-Savvy Junior Professional: Imagine you just started your first job and earn ₹30,000 monthly. You need a new phone and some accessories. By using this card, you cover the annual fee through the welcome bonus and start earning reward points on your purchases. It is a great "starter" card that does not feel like a financial burden.

The Systematic Spender: If you spend roughly ₹18,000 every month on groceries, dining out, and movie tickets, you will easily cross the ₹2 lakh annual threshold. For you, this card is essentially free for life because you will always hit the fee waiver limit.

You might want to skip this card if:

• Your spending is primarily on fuel, rent, and utilities, as these categories are excluded from rewards.
• You prefer direct cashback into your bank account rather than reward points. In that case, the SBI Cashback card or Axis Ace might be a better fit.

BankKaro Expert Review

Based on the card's features, the Axis Samsung Signature Credit Card excels as an entry-level co-branded card. Most banks charge for the first year and give you nothing back, but here, the welcome bonus actually gives you more value than the fee you pay. This is a rare and welcome feature for a budget card.

The biggest limitation is the extensive list of exclusions. With fuel, utilities, and insurance removed from the reward structure, you have to be very intentional about where you swipe the card to earn points. It is not a "use it everywhere" type of card if your goal is maximum rewards.

Our verdict: Choose this card if you are an Axis Bank fan looking for a low-maintenance card with an easy-to-reach fee waiver. It is a solid, no-nonsense tool for people who want to build their credit score while getting a little something back on their retail spends.

Terms and Conditions

Please keep the following terms in mind before using your card:

• A minimum transaction of ₹100 within 30 days is required to activate the card; otherwise, you will not be eligible for the 2,500 welcome reward points.
• The bank may offer a different card variant based on your specific eligibility and credit profile. Always check the offered features before finalizing your application.
• Rewards can only be redeemed through the EDGE REWARDS platform by Axis Bank.
• The annual fee waiver of ₹2 lakh is calculated based on spends made in the preceding year.
• For complete terms and conditions, refer to the official cardholder agreement or the Axis Bank website.