Samsung India, Axis Bank launch co-branded Credit Card

NEW DELHI: Samsung, a shopper electronics firm, and Axis Bank have partnered to launch a co-branded bank card, powered by Visa. With the Samsung Axis Bank Credit Card, customers will get 10% cashback throughout all Samsung services around the yr. The 10% cashback provide via Samsung Axis Bank Credit Card shall be over and above current Samsung affords, on each EMI and non-EMI transactions.

“At Samsung, we consider in remodeling the lives of our customers via the facility of innovation. The Samsung Axis Bank Credit Card, powered by Visa, is our subsequent large India-specific innovation that may change the way in which our clients purchase Samsung merchandise and spend on providers via a sequence of industry-leading options. We’re excited to have the ability to put the management into our customers’ arms,“ stated Ken Kang, President and CEO, Samsung South-West Asia.

The Samsung Axis Bank Credit Card is designed to reward customers each time they use their card to purchase Samsung services. Consumers will get 10% cashback after they buy merchandise similar to smartphones, tablets, laptops, televisions, fridges, ACs, washing machines or Samsung providers similar to Service Center funds, Samsung Care+ cellular safety plans and prolonged warranties.

“Axis Bank is a full suite playing cards and funds participant, and we proceed to construct on innovation led partnership fashions. Our focus is to supply product propositions that cater to our clients’ ever evolving wants and provides them a seamless expertise. Through this co-branded bank card, in partnership with Samsung India and Visa, we’re reiterating our dedication to drive entry to formal credit score in India, tapping the huge attain of Samsung India that extends past tier 1 cities and aids our goal of card penetration into tier 2 & 3 cities.” said Amitabh Chaudhry, MD and CEO, Axis Bank.

The 10% cashback on Samsung Axis Bank Credit Card will be over and above ongoing offers on both EMI/Non-EMI purchases. The 10% cashback will be applicable across offline channels selling Samsung products through Pine Labs and Benow payment interfaces, as well as online on Samsung.com, Samsung Shop App and Flipkart, and at authorized Samsung Service Centers. To add to the excitement, the 10% cashback benefit on Samsung Axis Bank Credit Card will be available all year round.

“Consumers today seek the best value from all type of purchases. Our research shows that 3 out of 4 Indian consumers buy at least one electronic appliance or device every year and spend around INR 40000 on electronics annually[1]. We are delighted to partner with Samsung and Axis Bank to introduce a credit card with a strong proposition and great value on home appliances as well as lifestyle goods,” stated Sandeep Ghosh, Group Country Manager, India and South Asia, Visa.

Consumers can select between two variants – Visa Signature and Visa Infinite. On the Signature variant, cardholders can avail as much as ₹10,000 cashback yearly, with a month-to-month cashback restrict of ₹2,500. On the Infinite variant, cardholders can avail as much as ₹20,000 cashback yearly, with a month-to-month cashback restrict of ₹5,000. There is not any minimal transaction worth, which implies cardholders can get 10% cashback on the smallest of Samsung purchases. Additionally, cardholders will earn Edge Reward Points on spends made outdoors the Samsung Ecosystem.

The Samsung Axis Bank Credit Card additionally comes with complimentary airport lounge entry, gas surcharge waiver, eating affords, and entry to a bouquet of affords from Axis Bank and Visa.

The annual price for the Signature variant is ₹500 + taxes and for the Infinite variant is ₹5000 + taxes. Both variants include a welcome good thing about Edge Reward factors, which the cardholders will earn on finishing the primary 3 transactions on their card. Signature variant cardholders will get 2,500 factors price ₹500, whereas Infinite variant cardholders will get 30,000 factors price ₹6,000 as a one-time welcome profit.

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