Samsung Credit Card Launched with 10% Cashback and more offers!

Ken Kang, President and CEO, Samsung South-West Asia said, 

“At Samsung, we believe in transforming the lives of our consumers through the power of innovation. 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. We’re excited to be able to put the control into our consumers’ hands.”

The 10% cashback offer is valid on EMI and non-EMI transactions. It can be availed on Samsung online store, app, Flipkart, authorized Samsung Service Centers, and offline stores having Pine Labs and Benow payment interfaces.

Sandeep Ghosh, Group Country Manager, India and South Asia, Visa said, 

“Consumers today seek the best value from all types 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. 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.”

The Samsung Axis Bank Credit Card has 2 variants, Visa Signature and Visa Infinite. The Signature one gives upto ₹10,000 cashback annually with a limit of ₹2500 per month. Besides, Infinite gives upto ₹20,000 cashback and monthly limit is ₹5000. The best part is that there is no min order value requirement.

This credit card also gives Edge Reward Points on non-Samsung transactions. BigBasket, Myntra, Tata 1mg, Urban Company and Zomato are some of its current partners so expect offers from them. You also get complimentary airport lounge access, fuel surcharge waiver, and dining offers.

The Samsung Axis Bank Signature Credit Card is priced at ₹500 (excludes taxes) per year while Infinite one will cost ₹5000. As a welcome offer, Signature users will earn 2500 points (₹500) and Infinite users get 30000 points (₹6000) after the first 3 transactions.

Currently, you can only show interest in this Samsung credit card as it says “applications will open soon”. Are you willing to buy? Thanks to Dimer Tyler_Durden for 1st breaking this Samsung India announces credit card in partnership with Axis Bank and Visa news.