If you are looking for an entry-level card, the Axis Bank Insta Easy Credit Card is the right choice. This is a secured credit card that is linked to your fixed deposit with Axis Bank. It offers a decent rewards program and is ideal for those looking to build or rebuild their credit score. This card provides reward points for all spends and comes with no annual fee. Moreover, if someone is fond of shopping and dining, then this card offers exclusive discounts and deals, making your spending experience more rewarding.
Other card benefits include a fuel surcharge waiver, complimentary railway lounge access, and many more. Plus, it is a lifetime free credit card, i.e., no annual fee credit card, which means you don’t have to pay a single penny for getting and using this card. Read on to learn more about the Axis Bank Insta Easy Credit Card:
Overview
| Feature | Details |
|---|---|
| Card Type | Secured Credit Card |
| Reward Rate | 6 Edge Reward Points per ₹200 spent |
| Reward Value | 1 Edge Reward Point = ₹0.20 |
| Annual Fee | None |
| Unique Selling Points | Secured card, linked to fixed deposit, no annual fee, rewards on all spends |
| Rating (out of 5) | 4.2 |
Table of Contents
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Reward Points | Earn 500 Edge Reward Points on first spend |
| Additional Benefits | Exclusive discounts on various shopping and dining portals |
Charges for Card
| Fee Type | Charges |
|---|---|
| Joining Fee | None |
| Renewal Fee | None |
| Finance Charges | 2.50% per month (30% per annum) |
| Late Payment Fee | ₹300 to ₹600 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
Axis Bank Insta Easy Credit Card Benefits
Travel Benefits: Complimentary railway lounge access four times a quarter.
Dining Offers: Discounts at partner restaurants through the Axis Bank Dining Delights program.
Fuel Surcharge Waiver: Waiver of 1% fuel surcharge on fuel transactions at all petrol pumps in India.
Insurance and Protection: Purchase protection, extended warranty, and fraud liability coverage.
Rewards
| Spend Category | Reward Rate |
|---|---|
| All Spends | 6 Edge Reward Points per ₹200 spent |
| Reward Value | 1 Edge Reward Point = ₹0.20 |
| Rewards Expire in | 3 years |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹1 Lakh | 1,000 Edge Reward Points |
| Annual Spend of ₹2 Lakh | 2,000 Edge Reward Points |
Redemption
Edge Reward Points can be redeemed for:
- Shopping Vouchers: Use points to get vouchers for leading brands.
- Travel Bookings: Redeem points for flight and hotel bookings.
- Gift Vouchers: Available for various brands and services.
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Complimentary railway lounge access four times a quarter |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Who Should Get the Card
The Axis Bank Insta Easy Credit Card is perfect for individuals who are new to credit or looking to rebuild their credit score. With no annual fee and the security of being linked to a fixed deposit, this card is designed to offer financial flexibility and build a strong credit profile. Whether you are a student, a young professional, or someone looking to improve their credit history, this card has something for you. Unlock your credit journey with the Axis Bank Insta Easy Credit Card.
Eligibility for Axis Bank Insta Easy Credit Card
To apply for the Axis Bank Insta Easy Credit Card, applicants must meet the following criteria:
- Age: 18 to 70 years for all applicants
- Fixed Deposit Requirement: Minimum fixed deposit of ₹20,000 with Axis Bank
- Documents Required: Aadhar Card, PAN Card, fixed deposit receipt, and a photograph.
Card Review
Along with being a highly accessible card, the Axis Bank Insta Easy Credit Card is one of the most popular secured credit cards in the market. It has a straightforward reward point system where you earn rewards on all spends. Besides this, it offers various benefits like dining discounts, fuel surcharge waiver, and complimentary railway lounge access. This card is best suited for people who are looking to build or rebuild their credit score with the security of a fixed deposit. You won’t regret opting for this practical and value-for-money credit card. Another card you must check is the Axis Bank My Zone Credit Card, which offers additional benefits and rewards.
This was the Axis Bank Insta Easy Credit Card review from our side. Let us know your views on this card in the comment section below!
Pros and Cons
| Pros | Cons |
|---|---|
| No annual fee | Requires a fixed deposit |
| Earn rewards on all spends | High foreign transaction fee |
| Complimentary railway lounge access | Limited travel benefits |
Similar Cards to Axis Bank Insta Easy
| Feature | Axis Bank Insta Easy Credit Card | HDFC Bank MoneyBack Credit Card | ICICI Bank Coral Credit Card | SBI Unnati Credit Card |
|---|---|---|---|---|
| Annual Fee | None | ₹500 + GST | ₹500 + GST | None |
| Lounge Access | Railway lounge access | No lounge access | 1 complimentary domestic lounge visit per quarter | No lounge access |
| Reward Rate | 6 points per ₹200 spent | 2 points per ₹150 spent | 2 points per ₹100 spent | 1 point per ₹100 spent |
| Reward Value | 1 point = ₹0.20 | 1 point = ₹0.25 | 1 point = ₹0.25 | 1 point = ₹0.25 |
| Special Benefits | Secured card, no annual fee | Cashback on online spends | Dining discounts, fuel surcharge waiver | No annual fee, simple rewards program |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
- Best Lifetime Free Credit Cards in India
- Best Secured Credit Cards in India
- How to Build a Strong Credit Score
- Axis Bank Credit Cards
For more detailed information about Axis Bank credit cards and other financial products, you can visit the official Axis Bank website.
FAQ
Q: What is the annual fee for the Axis Bank Insta Easy Credit Card?
A: There is no annual fee for the Axis Bank Insta Easy Credit Card.
Q: How can I earn reward points with the Axis Bank Insta Easy Credit Card?
A: You can earn 6 Edge Reward Points per ₹200 spent on all transactions.
Q: How can I redeem the reward points earned with the Axis Bank Insta Easy Credit Card?
A: Edge Reward Points can be redeemed for shopping vouchers, travel bookings, and gift vouchers through the Axis Bank rewards portal.
Q: Does the Axis Bank Insta Easy Credit Card offer any special benefits for dining?
A: Yes, the card provides discounts at partner restaurants through the Axis Bank Dining Delights program.
Q: What milestone benefits are available with the Axis Bank Insta Easy Credit Card?
A: You can earn 1,000 Edge Reward Points upon spending ₹1 Lakh annually and another 2,000 Edge Reward Points upon spending ₹2 Lakh annually.
Q: Is the Axis Bank Insta Easy Credit Card worth it for building credit?
A: Absolutely. With no annual fee and the security of being linked to a fixed deposit, this card offers great value for those looking to build or rebuild their credit score.
