Axis Shoppers Stop Credit Card

About Axis Shoppers Stop Credit Card

Are you spending thousands on your wardrobe every month but getting nothing in return? The Axis Shoppers Stop Credit Card turns your fashion habit into a rewarding experience. If you are a loyal customer of Shoppers Stop, this card acts like a permanent discount tool for your shopping bags.

This card offers a massive value back on private label brands at Shoppers Stop. By spending just ₹10,000 on these brands, you can get back reward points worth ₹500. It is a straightforward tool for anyone looking to maximize their lifestyle spending without dealing with complex reward structures.

Designed for professionals and fashion enthusiasts who prefer Shoppers Stop for their clothing and home needs, this card is accessible to those with a minimum annual income of ₹2 lakh. It provides a solid entry point into the world of co-branded retail cards with a very low entry barrier.

What sets it apart:

• Earn up to 10% value back on Shoppers Stop exclusive brands, which is significantly higher than most generic shopping cards.
• Get a welcome package worth ₹2,550 for a joining fee of just ₹500, giving you an immediate profit on your card.
• Enjoy a smooth transition to elite shopping status with a complimentary Golden Glow Membership after your very first transaction.

Quick check: To qualify, you will need a minimum income of ₹2 lakh per year (for salaried individuals) and a CRIF score of 720 or above.

Here is a deep dive into how this card can maximize your savings:

Key Benefits and Features of Axis Shoppers Stop Credit Card

The Axis Shoppers Stop Credit Card is built around the "First Citizen" loyalty program. Every point you earn is worth ₹0.50, and you can spend these points directly at Shoppers Stop stores or on their website.

Massive Welcome Rewards

As soon as you pay your joining fee of ₹500 and make your first transaction within 30 days, you access benefits that far outweigh the cost. You receive 600 First Citizen points (worth ₹300) and three vouchers of ₹500 each for Shoppers Stop or Homestop. Additionally, you get a ₹500 voucher for exclusive brands and ₹250 off on their website. In total, you get benefits worth over ₹2,500 just for starting out.

Accelerated Rewards on Fashion

The reward structure is tiered to favor those who buy Shoppers Stop's own brands:

• 10% Value Back: Earn 20 points for every ₹200 spent on Shoppers Stop Exclusive (Private Label) brands. This translates to a ₹10 saving for every ₹200 spent.
• 6% Value Back: Earn 12 points for every ₹200 spent on other brands at Shoppers Stop.
• 1% Value Back: Earn 2 points for every ₹200 spent on all other eligible categories outside Shoppers Stop.

Dining and Lifestyle Perks

While this is primarily a shopping card, it does not ignore your weekend plans. You get 15% off at EazyDiner, capped at ₹500 per month on a minimum order of ₹2,500. If you dine out once a month, this feature alone can save you ₹6,000 annually, which is twelve times the card's annual fee.

Fee Waiver and Fuel Benefits

The annual fee of ₹500 is very reasonable, but you can get it waived entirely if you spend ₹1 lakh in a year. This averages out to about ₹8,333 per month. For your commutes, you get a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, with a monthly cap of ₹400.

Eligibility and Income Requirements

To access these features, you must meet the following criteria:

• Age: You must be between 21 and 70 years old.
• Income (Salaried): Minimum ₹2 lakh per year.
• Income (Self-Employed): Minimum ₹6 lakh per year.
• Credit Score: A CRIF score of 720 or higher is required.

How to Apply for the Axis Shoppers Stop Credit Card

Applying for this card is a straightforward process. Follow these steps to complete your application:

1. Visit the official Axis Bank website or a Shoppers Stop store.
2. Navigate to the credit cards section and select the Shoppers Stop variant.
3. Check your eligibility by entering your age and income details (ensure you meet the ₹2 LPA salaried or ₹6 LPA self-employed requirement).
4. Fill out the digital application form with your personal and professional details.
5. Upload the necessary digital copies of your KYC documents and income proof.
6. Wait for the bank's representative to contact you for verification or a physical document pickup if required.

Regarding the processing timeline, applications are typically approved within 7 to 10 working days, subject to document verification. Once approved, the physical card is dispatched and usually reaches your registered address within 5 to 7 business days.

Credit Limit: What to Expect

Credit limits are assigned based on your income, credit score, and existing banking relationship. Most applicants for this card segment receive a credit limit ranging from ₹25,000 to ₹2,00,000 initially. Your specific limit is determined by your CRIF score (720+ preferred) and your documented annual income. Maintaining a good repayment history and low credit utilization can help you get a limit increase after 6 to 12 months of usage.

Comparison Table: Axis Shoppers Stop vs. Competitors

The Axis Shoppers Stop card is the clear winner if you specifically shop at Shoppers Stop, as it offers a 10% value back that competitors cannot match. However, if your spending is more spread out across various online platforms, a card like the Amazon Pay ICICI or SBI SimplyClick might provide better utility across different merchants.

Documents Required for Axis Shoppers Stop Credit Card Application

You will need to submit the following documents when applying:

For Salaried Applicants

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

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License.
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), or Property Documents.
• Income Proof: Latest 2 years' ITR with computation of income (minimum ₹6 LPA required), 6 months' bank statements, and CA-certified financials.
• Business Proof: Business registration certificate, GST registration, or Shop Act License.

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

Who Should Get This Card?

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

The Brand Conscious Shopper: If you are a professional earning ₹6 lakh annually and you buy your workwear and cosmetics exclusively from Shoppers Stop, this card is a must. If you spend ₹15,000 monthly on exclusive brands, you could earn back ₹1,500 every single month. That is ₹18,000 in savings a year, far exceeding any generic cashback card.

The Festive Spender: If you do bulk shopping for your family during Diwali or wedding seasons at Shoppers Stop, you can easily hit the ₹1 lakh milestone for the annual fee waiver. This makes the card effectively free for you while you reap high reward points on large transactions.

You might want to skip this card if: You prefer shopping at local boutiques, Westside, or Max. Since the high rewards are strictly locked into the Shoppers Stop ecosystem, the card offers very little value (only 1%) for spends made elsewhere. If you do not visit Shoppers Stop at least 3-4 times a year, you are better off with a general cashback card.

BankKaro Expert Review

Based on the card's features, this card excels at providing high-tier rewards for a very specific shopping niche. The 10% value back on private label brands like Stop, Life, or Fratini is among the highest in the retail credit card segment in India. I particularly like that the joining fee is effectively "paid back" to the customer through vouchers, making the first-year cost zero if you use them.

The biggest limitation is the exclusion list. You do not earn any rewards on rent, fuel, insurance, or utilities. This means you cannot use this as your primary card for all household bills if you want to maximize points. Furthermore, the reward points are only redeemable at Shoppers Stop, which limits your flexibility compared to direct cashback.

Our verdict: Choose this card if you are already a regular at Shoppers Stop. It is a fantastic secondary card to have in your wallet specifically for your clothing and lifestyle purchases. If you are looking for an all-rounder for groceries and travel, look elsewhere.

Terms and Conditions

• The bank may offer a different card variant based on your eligibility. Please carefully read the features of the card offered before submitting your application.
• A minimum transaction of Rs.100 within 30 days is required to activate the card, otherwise, you won't be eligible for the Rewards.
• Reward points are not earned on Rent Spends, Fuel Spends, Insurance Payments, Wallet Loads, Transportation, Tolls, and Utilities.
• Points are redeemable at Shoppers Stop stores and their website at a rate of 1 Point = ₹0.50.