The Business Bytes
TBB BUREAU
GURUGRAM, SEPT 26, 2022
Samsung India and Axis Bank have partnered to launch an exclusive co- branded credit card, powered by 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 Samsung’s offers, on both EMI and non-EMI transactions.
Consumers can choose between two variants – Visa Signature and Visa Infinite. On the Signature variant, cardholders can avail up to INR 10000 cashback annually, with a monthly cashback limit of INR 2500. On the Infinite variant, cardholders can avail up to INR 20000 cashback annually, with a monthly cashback limit of INR 5000. There is no minimum transaction value, which means cardholders can get 10% cashback on the smallest of Samsung purchases. Additionally, cardholders will earn Edge Reward Points on spends made outside the Samsung Ecosystem.
Samsung India and Axis Bank have partnered with key merchants — Bigbasket, Myntra, Tata 1mg, Urban Company and Zomato — to bring more rewards to cardholders on their daily spends.
The card also offers complimentary airport lounge access, fuel surcharge waiver, dining offers and access to a bouquet of offers from Axis Bank and Visa.
“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,” said Ken Kang, President and CEO, Samsung South-West Asia.
“Through this co-branded credit card, in partnership with Samsung India and Visa, we are reiterating our commitment to drive access to formal credit in India, tapping the wide reach of Samsung India that extends beyond top 10 cities and aids our objective of card penetration into tier 2 & 3 cities,” said Amitabh Chaudhry, MD and CEO, Axis Bank.
“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,” said Sandeep Ghosh, Group Country Manager, India and South Asia, Visa.
