Samsung India and Axis Bank launch co-branded credit cards

Samsung Axis Bank Signature and Infinite Credit Cards

Table of Contents

Samsung India has launched two co-branded credit cards in partnership with Axis Bank. The USP of these cards is cashback on Samsung product purchases around the year while offering other benefits. There are two variants – Visa Signature and Visa Infinite. Here is everything you need to know about the Samsung Axis Bank Signature and Samsung Axis Bank Infinite credit cards.

Fees and Charges

Samsung Axis Bank Signature Credit CardSamsung Axis Bank Infinite Credit Card
Joining and Annual FeeRs 500Rs 5000
Welcome Benefit2500 EDGE RP30000 EDGE RP
Annual Fee WaiverRs 2 Lakhs spendRs 7 Lakhs spend

The welcome benefit will be credited on doing 3 transactions within 30 days from the card issuance date.

LTF IndusInd Bank Credit Cards


Both cards get 10% cashback on Samsung purchases around the year. The cashback is applicable on the below purchase channels.

  • Physical stores under ‘Brand EMI’ on Pinelabs terminals and Benow Soft POS – Both EMI and full swipe transactions
  • Samsung eStore and Samsung Shop app
  • Flipkart purchases
  • Samsung service center payments on Benow soft PoS
Purchase CategorySamsung Axis Bank Infinite Credit CardSamsung Axis Bank Signature Credit Card
Samsung products10% Cashback
up to Rs 5000/month and Rs 20000/year
10% Cashback
up to Rs 2500/month and Rs 10000/year
Preferred Partners
BigBasket, 1mg, UrbanCompany, Myntra and Zomato
15 EDGE RP/Rs 100 ~3% Return10 EDGE RP/Rs 100 ~2% Return
Fuel, Rental Payment, Wallet Load, Jewellery, Git VouchersNo RewardsNo Rewards
All other domestic transactions5 EDGE RP/Rs 100 ~1% Return5 EDGE RP/Rs 100 ~1% Return
International transactions15 EDGE RP/Rs 100 ~3% Return5 EDGE RP/Rs 100 ~1% Return

If you were excited by the 10% cashback announcement during the press launch, here is the reality check. With these caps, I doubt you will be able to buy high-end smartphones. This is best for appliances and mid-segment smartphone purchases.

Complimentary Airport Lounge Access

  • Signature Variant: 4 complimentary visits/calendar year to airport lounges in India with Visa
  • Infinite Variant: 8 complimentary visits/calendar year to airport lounges in India with Visa and 6 complimentary visits/calendar year to airport lounges outside India with Priority Pass

Key Features and Benefits

  • Fuel Surcharge Waiver: 1% waiver for both Signature and Infinite variants
  • EazyDiner Prime membership: 1-year complimentary membership only for Infinite variant
  • Forex Markup Charges: 3.5% for both Infinite and Signature variants

Final Thoughts

LTF IDFC First Bank Credit Cards

This will be another co-branded credit card that will not see much traction. The simple reason is I don’t see much of a benefit.

While the 10% cashback seemed ok, the caps are low for the prices at which Samsung sells its smartphones. The second factor is the high annual fee waiver criteria. There is no way to meet that target without sacrificing the rewards we would get on other cards.

A rather disappointing credit card launch!

Axis Bank Neo Credit Card LTF
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6 thoughts on “Samsung India and Axis Bank launch co-branded credit cards”

  1. applied for the card and KYC is done. Looks great ROI
    5k+ GST you get 25k worth airmiles

  2. Isn’t it a great card for international tx especially if you convert edge point into miles?

    1. Card Maven

      Not really. We need to see it with the forex markup fee of 3.5%. I have now updated the post to add that.

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