Axis Bank has some good entry-level credit cards like Neo and MY Zone. These are easy to get approved for and come with low annual fees making them ideal for someone new to credit cards. The Axis Bank My Zone credit card comes with a joining and annual fee of Rs 500. We get SonyLiv premium subscription as a welcome benefit. The card earns 4 EDGE reward points per Rs 200 of spend. Among its benefits are a Paytm Movies BOGO offer, 40% discount on Swiggy and complimentary airport lounge access.
Fees and Charges
|Joining Fee||Rs 500+GST|
|Welcome Benefit||SonyLiv Premium Annual Subscription on the first spend within 30 days|
|Annual Fee||Rs 500+GST|
|Renewal Benefit||SonyLiv Premium Annual Subscription if annual spends are more than Rs 1.5 Lakh|
|Annual Fee Waiver||None|
Axis Bank MY Zone Credit Card Rewards
MY Zone card rewards and benefits are more for select merchants like Swiggy, Paytm and AJIO. The earn rate for EDGE rewards is a bit low. This makes this card worth it only if you can maximize the merchant offers.
|Rewards||4 EDGE Reward Points / Rs 200|
|EDGE Reward Points Value||20 paise/point|
Axis Bank My Zone credit card will not earn any EDGE Rewards for the below categories:
- Educational Services
- Government Institutions
Swiggy and Paytm Movies are good offers that will be useful for most people.
|Merchant||Offer||Max Discount||Min Order||Max Usage|
|Swiggy||40% off||Rs 120||Rs 500||2/month|
|Paytm Movies||Buy One Get One||Rs 200||None||1/month|
|AJIO – Select Styles||Rs 600 off||Rs 600||Rs 2000||No Cap|
- SonyLiv premium annual subscription renewal on spends of Rs 1.5 Lakhs in a membership year
- 1% Fuel Surcharge Waiver – Valid on transactions between Rs 400 and Rs 4000 (Max Rs 400 per statement)
MY Zone card is also eligible for the Axis Bank Dining Delights program. In this, we get a minimum of 15% off on partner restaurants when dining in.
Refer to the official Axis Bank Dining Delights website for a list of restaurants and applicable offers.
Complimentary Airport Lounge Access
We get 1 complimentary domestic airport lounge access per quarter with the MY Zone card. The list of lounges is limited and depends on the variant (Visa/Mastercard).
The Axis MY Zone credit card might not offer good EDGE rewards but has some good benefits. Assuming we order 4 times from Swiggy and book 1 ticket on Paytm movies in a month:
- Spend on Swiggy orders is Rs 500 X 2 = Rs 1000
- Savings on Swiggy is Rs 120 X 2 = Rs 240
- Paytm Movie savings is Rs 200 for one booking on spends on Rs 200
- Total savings is Rs 440 on spends of Rs 1200
That is a savings of 36% on Swiggy and Paytm spending. Even if we do not spend on other categories and end up paying an annual fee, the card is still beneficial. So, I would say get this card if you can leverage it on Swiggy and Paytm to get the most benefit.
Axis Bank MY Zone Credit Card