Samsung Axis Bank Signature Credit Card
Annual Fee ₹500 (waived on ₹2L annual spend)
Reward Rate 5 EDGE REWARDS per ₹100; 10 EDGE on preferred partners; 10% cashback on Samsung
Lounge Access
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Community Consensus
Consensus Note: Samsung Axis Bank Signature Credit Card issued by Axis Bank remains a flagship choice for Casual Samsung buyers wanting low-fee entry into Samsung cashback benefits. Verified user discussions highlight strong yields on spending thresholds.
At-A-Glance Quick Facts
payments Annual Membership Fee
stars Base Reward Return Rate
flight_takeoff Airport Lounge Privilege
account_balance_wallet Min Monthly Income
₹25,000 / month speed Recommended CIBIL Score
750+ 8.4 / 10
AI Verdict CredSutra Engine
Synthesized objective algorithmic score
Confidence: 95%
The Samsung Axis Bank Signature Credit Card issued by Axis Bank offers competitive value for Casual Samsung buyers wanting low-fee entry into Samsung cashback benefits. Audit your monthly spending against its ₹500 (waived on ₹2L annual spend) fee structure.
Key Trade-offs & Considerations
- ⚡ Annual fee of ₹500 (waived on ₹2L annual spend)
- ⚡ Lounge access policy: 4 domestic lounge visits/year (subject to ₹50K quarterly spend gate)
- ⚡ Reward rate: 5 EDGE REWARDS per ₹100; 10 EDGE on preferred partners; 10% cashback on Samsung
Key Benefits & Characteristics
stars
1 RP ≈ ₹0.25 to ₹1.00 Category Rewards Multiplier Matrix
| Spend Category | Earning Multiplier / Return Rate |
|---|---|
| flight Travel & Flights | 2% to 5% points |
| shopping_cart Online Shopping & SaaS | 1% to 5% cashback |
| storefront Offline Retail Stores | 1% reward points |
| account_balance Government & Tax Pay | 0.5% (Caps apply) |
| house Rent & Wallet Loads | Excluded / 1% surcharge |
receipt_long Fee & Surcharge Breakdown
badge Joining Fee
event_repeat Annual Fee
₹500 (waived on ₹2L annual spend) savings Fee Waiver Threshold
N/A currency_exchange Forex Markup
3.5% + GST warning Late Payment Fee
Up to ₹1,300 Detailed Analysis & Review
Deep-Dive Review: Samsung Axis Bank Signature Credit Card
Community Verdict
[!NOTE] The Samsung Axis Bank Signature Credit Card is the entry-level sibling of the discontinued Samsung Infinite. It offers 10% cashback on Samsung purchases (capped ₹2,500/month, ₹10,000/year), 10 EDGE REWARDS per ₹100 on preferred partners (bigbasket, Tata1mg, UrbanCompany, Myntra, Zomato), and 5 EDGE REWARDS per ₹100 on all other domestic and international transactions. Welcome benefit is 2,500 EDGE points (₹500) on 3 transactions within 30 days. The annual fee is just ₹500, waived on ₹2L annual spend. Lounge access is 4 domestic visits/year (subject to a ₹50K spend gate in the previous 3 months, effective May 01 2024) — no international lounge or Priority Pass. A cheap entry into the Samsung cashback ecosystem.
Pros
- Low ₹500 Annual Fee: Among the cheapest premium co-branded cards — waived on just ₹2L annual spend.
- 10% Samsung Cashback: Up to 10% cashback on Samsung purchases including EMI (capped ₹2,500/month, ₹10,000/year — statement credit).
- 10 EDGE REWARDS on Preferred Partners: bigbasket, Tata1mg, UrbanCompany, Myntra, Zomato — 10 RP per ₹100 (2% effective return).
- 5 EDGE REWARDS on All Other Spends: Both domestic and international — 5 RP per ₹100 (1% effective return).
- 2,500 EDGE Welcome Benefit: Worth ₹500 on completion of 3 transactions within 30 days.
- 4 Domestic Lounge Visits/Year: 1 per quarter at select domestic airports (subject to ₹50K spend gate in previous 3 months).
- Annual Fee Waiver on ₹2L Spend: Highly accessible threshold.
- 1% Fuel Surcharge Waiver: ₹400–₹4,000 transactions, max ₹500/statement.
- Dining Delights: 15% off up to ₹500, once/month at 4,000+ partner restaurants.
- Wednesday Delight: Up to 15% off flights/hotels via Goibibo/MMT; 10% off Swiggy/Amazon Fresh; 10% off up to ₹1,000 on Tira.
- Fraud Liability Cover: Up to ₹50,000.
- EMI Conversion: Purchases of ₹2,500+ convertible to EMI.
Cons
- No International Lounge Access: Domestic only (4 visits/year) — no Priority Pass.
- Domestic Lounge Spend Gate: ₹50,000 minimum eligible spend in previous 3 months required (effective May 01 2024).
- Samsung Cashback Caps Are Tight: ₹2,500/month and ₹10,000/year — even tighter than the Infinite variant.
- Welcome Benefit Is Modest: Just 2,500 EDGE points (₹500) vs Infinite’s 30,000 points (₹6,000).
- Reward Redemption Fees: ₹99 per EDGE platform redemption; ₹199 per partner transfer.
- High Forex Markup 3.5% + 1.5% DCC: Erodes 5 RP/₹100 international reward value.
- No Travel Insurance: Lost baggage, flight delay, etc. all null.
- No Cashback on Fuel: Just 1% surcharge waiver.
- Multiple 1% Surcharges: Rent, utilities ≥₹25K/cycle, fuel ≥₹50K/cycle, wallet ≥₹10K/cycle, education via 3rd party, gaming ≥₹10K/cycle.
- Cash Withdrawal Strict: 2.5% fee (Min ₹500).
- Welcome Benefit Conditional: Only on completion of 3 transactions within 30 days.
- No Premium Concierge: No dedicated phone/email support.
- No Milestone Bonuses: No annual milestone vouchers.
- No Movie BOGO Benefit: Unlike Privilege Easy, no District app BOGO offer.
Reward Spends & Categories
| Category Spend | Earning Rate / Reward Points |
|---|---|
| 📱 Samsung Purchases (incl. EMI) | 10% Cashback (capped ₹2,500/month, ₹10,000/year — statement credit) |
| 🛒 Preferred Partners (bigbasket, Tata1mg, UrbanCompany, Myntra, Zomato) | 10 EDGE REWARD Points per ₹100 (~2% effective return) |
| 🌐 International Transactions | 5 EDGE REWARD Points per ₹100 |
| 🛍️ All Other Domestic Retail | 5 EDGE REWARD Points per ₹100 |
| 🍽️ Dining (4,000+ partner restaurants) | 5 EDGE REWARDS + 15% off up to ₹500/month (min order ₹2,500) |
| ✈️ Flights / Hotels (Wednesday Delight) | 5 EDGE REWARDS + up to 15% off via Goibibo/MMT |
| 🥦 Groceries / Amazon Fresh (Wednesday) | 5 EDGE REWARDS + 10% off Swiggy/Amazon Fresh |
| 💡 Utilities | 0% (1% fee on cumulative ≥₹25,000/statement cycle) |
| 🏠 Rent (MCC 6513) | 0% (1% fee per transaction) |
| ⛽ Fuel | 0% (1% surcharge waiver ₹400–₹4,000; max ₹500/statement) |
| 💳 Wallet Load (MCC 6540) | 0% (1% fee on cumulative ≥₹10,000/statement cycle) |
| 🏛️ Government & Tax | 0% (Excluded) |
| 🎓 Education (3rd-party apps) | 0% (1% fee applicable) |
| 🎮 Online Skill-Based Gaming | 0% (1% fee on cumulative ≥₹10,000/statement cycle) |
| 🛡️ Insurance | 0% (Excluded) |
| 💳 EMI Conversion (post-conversion) | 0% (cashback clawed back) |
Reward Point Redemption
EDGE REWARD Points (not SmartBuy). Redemption options:
- EDGE REWARDS platform — Vouchers, products, statement credit (₹0.20/point value)
- Partner loyalty program transfers — airlines, hotels (₹199 fee per transfer)
- Cash via EDGE platform — ₹99 fee per transaction
[!IMPORTANT] Best value is voucher redemption at ₹0.20 per EDGE REWARD Point. Partner transfers incur ₹199 fee per transaction.
Annual Milestones & Welcome Benefit
[!IMPORTANT]
- Welcome Benefit: 2,500 EDGE REWARD Points (worth ₹500 in vouchers) on completion of 3 transactions within 30 days of card issuance date.
- No Annual Milestone Bonuses: No quarterly or annual milestone vouchers on this card.
- Annual Fee Waiver: ₹500 reversed on ₹2L annual spend (no exclusions mentioned on official page for this card).
Airport Lounge & Travel Perks
[!IMPORTANT]
- Domestic Lounges: 4 complimentary visits per calendar year (1 per quarter) at select domestic airports. Spend gate: ₹50,000 minimum eligible spend in previous 3 months (effective May 01, 2024).
- International Lounges: Not included.
- Priority Pass: Not included.
- Visit Allocation: 1 visit per calendar quarter — calendar-year aggregate of 4 visits.
- Travel Insurance: Fraud Liability Cover ₹50,000 only. No air accident, baggage, or flight delay cover.
Fees & Charges — Snapshot
| Fee / Charge | Amount |
|---|---|
| Joining Fee | ₹500 |
| Annual Fee (Year 1) | ₹500 |
| Annual Fee (Year 2 onwards) | ₹500 (waived on ₹2L annual spend) |
| Add-on Card Fee | Nil |
| Foreign Currency Markup | 3.5% + 1.5% DCC |
| Cash Withdrawal Fee | 2.5% (Min ₹500) |
| Cash Payment Fee | ₹175 |
| Reward Redemption Fee | ₹99 per EDGE platform cash; ₹199 per partner transfer |
| Finance Charges | 3.75% per month (55.55% p.a.) |
| Fuel Surcharge | 1% (waived ₹400–₹4,000; max ₹500/statement) |
| Late Payment Fee | Slab: ₹0/₹500/₹750/₹1,200/₹1,300 |
| Over Limit Penalty | 2.5% of overlimit (Min ₹500) |
| Rent Surcharge | 1% per transaction |
| Card Replacement Fee | ₹100 |
| Duplicate PIN Fee | Nil |
Who Should Get This Card?
Best suited for:
- Casual Samsung buyers (₹20K–₹25K/year in Samsung spend) who’ll cap out at ₹10K/year cashback
- Users who spend on preferred partners (bigbasket, Tata1mg, UrbanCompany, Myntra, Zomato) — 10 RP/₹100 is solid
- Domestic travelers doing 1 flight a quarter (within 4 visits/year cap, if they hit ₹50K spend)
- Anyone wanting a low-fee co-branded card with a real cashback angle
- People who can easily hit ₹2L annual spend to keep it fee-free
Skip if you:
- Want international lounge access or Priority Pass
- Need air accident / baggage insurance
- Want a meaningful welcome benefit (only ₹500 here)
- Spend heavily on rent, wallet, or utilities (1% fee + no points)
- Need a card with annual milestone vouchers
For official terms, interest rates, and applications, refer to the Bank Reference Page.
For monetization on the side, apply for Samsung Axis Bank Signature Credit Card via CredSutra — CredSutra earns a referral commission on approved cards at no cost to you.
Frequently Asked Questions about Samsung Axis Bank Signature Credit Card
What is the annual fee for Samsung Axis Bank Signature Credit Card? expand_more
The annual fee is ₹500 (waived on ₹2L annual spend). Check bank terms for fee waiver spending milestones.
What is the airport lounge access policy? expand_more
4 domestic lounge visits/year (subject to ₹50K quarterly spend gate)
Who is this card best suited for? expand_more
This card is best for Casual Samsung buyers wanting low-fee entry into Samsung cashback benefits.