Samsung India on Monday announced its first-ever credit card in India in partnership with Axis Bank and Visa, that will give customers 10 per cent cashback across all Samsung products and services round the year. The 10 per cent cashback offer will be over and above the company’s offers, on both EMI and non-EMI transactions.
“The Samsung Axis Bank Credit Card, powered by Visa, is our next big India-specific innovation that will change the way our customers buy Samsung products and spend on services through a series of industry-leading features,” Ken Kang, President and CEO, Samsung South-West Asia, said in a statement.
According to the company, consumers will get 10 per cent cashback when they purchase products such as smartphones, tablets, laptops, televisions, refrigerators, ACs, washing machines or Samsung services such as Service Center payments, Samsung Care+ mobile protection plans and extended warranties.
The 10 per cent cashback on Samsung Axis Bank Credit Card will be over and above ongoing offers on both EMI/Non-EMI purchases. The 10 per cent cashback will be applicable across offline channels selling Samsung products through Pine Labs and Benow payment interfaces, as well as online on Samsung site, Samsung Shop App and Flipkart, and at authorized Samsung Service Centers.
“To add to the excitement, the 10 per cent cashback benefit on Samsung Axis Bank Credit Card will be available all year round,” the company said.
Consumers can choose between two variants – Visa Signature and Visa Infinite. On the Signature variant, cardholders can avail up to Rs 10000 cashback annually, with a monthly cashback limit of Rs 2500.
The annual fee for the Signature variant is Rs 500 + taxes and for the Infinite variant is Rs 5000 + taxes. Both variants come with a Welcome benefit of Edge Reward points, which the cardholders will earn on completing the first 3 transactions on their card.
According to the company, Signature variant cardholders will get 2500 points worth Rs 500, while Infinite variant cardholders will get 30000 points worth Rs 6000 as a one-time welcome benefit. Customers can apply for the card through Samsung Axis Bank Credit Card website and Axis Bank channels.