The Axis Bank Vistara Signature Credit Card is a co-branded credit card offered by Axis Bank in partnership with Vistara, a premium Indian airline. This credit card is designed to cater to the needs of frequent flyers who want to enjoy a host of benefits and rewards while traveling.
Fee and charges
Apart from the annual fee, the Axis Bank Vistara Signature Credit Card also has other fees and charges that the cardholder should be aware of. These include:
- The joining fee for the Axis Bank Vistara Signature Credit Card is Rs. 1,500. This fee is charged to the cardholder’s account when the card is first issued.
- The fee for cash payment is just Rs.100.
- The rent transaction fee is 1% capped at RS. 1500 Per transaction on the rental transactions.
- The annual fee for standard Add-on call is Nil.
- The interest rate on the Axis Bank Vistara Signature Credit Card is 3.6% per month. This rate is applicable on the outstanding balance on the credit card and is charged if the cardholder does not pay the full amount due on the card by the due date.
- If the cardholder does not pay the minimum amount due on the card by the due date, the minimum late payment fee is Rs. 500, and the maximum late payment fee is Rs. 750.
- If the cardholder withdraws cash using the Axis Bank Vistara Signature Credit Card, a cash withdrawal fee of 2.5% of the transaction amount or Rs. 500, whichever is higher, is charged.
- If the cardholder uses the Axis Bank Vistara Signature Credit Card for transactions in a foreign currency, a fee of 3.50% of the transaction amount is charged.
- If the cardholder spends more than the credit limit assigned to them, an over-limit fee of 2.5 % of the over limit amount is charged. The minimum over limit fee is Rs. 500 and the maximum over limit fee is Rs. 500.
It is important for the cardholder to be aware of these fees and charges so that they can manage their credit card usage effectively and avoid any unnecessary charges.
Benefits
The Axis Bank Vistara Signature Credit Card comes with several benefits that can make it an attractive option for frequent flyers and those who want to earn rewards on their credit card spending. Some of the key benefits of the Axis Bank Vistara Signature Credit Card are:
The cardholder is enrolled in Club Vistara, the frequent flyer program of Vistara Airlines, as a Silver member. This membership gives the cardholder access to benefits such as priority check-in, excess baggage allowance, and lounge access at select airports.- The cardholder is eligible for a welcome bonus of up to 15,000 Club Vistara points. These points can be later redeemed for flights, upgrades, and other rewards.
- Cardholders can earn additional Club Vistara points by achieving spending milestones. For example, if the cardholder spends Rs. 1,00,000 in a year, they can earn 1,000 bonus Club Vistara points.
- The cardholder can enjoy complimentary lounge access at select domestic and international airports in India. The number of complimentary lounge visits depends on the card variant.
- The cardholder can enjoy discounts and offers on dining at select restaurants in India.
- Cardholders can enjoy a fuel surcharge waiver of up to Rs. 400 per month on fuel transactions.
- The cardholder is eligible for insurance coverage for air accidents, lost card liability, and purchase protection.
- The cardholder can convert high-value purchases into easy monthly installments at attractive interest rates.
- The card comes equipped with contactless payment technology, allowing the cardholder to make payments quickly and securely.
Overall, the Axis Bank Vistara Signature Credit Card is a great option for frequent flyers and those who want to earn rewards on their credit card spending. The benefits offered by the card can help the cardholder save money and enjoy a more comfortable travel experience.
Conclusion
To conclude, the Axis Bank Credit Card is a premium credit card that comes with a range of benefits that can appeal to frequent flyers and those who want to earn rewards on their credit card spending. However, it is important for the cardholder to be aware of the fees and charges associated with the card.
The annual fee for the card is Rs. 3,000. The joining fee is Rs. 1,500. The interest rate on the card is 3.6% per month, and late payment fees, cash withdrawal fees, foreign currency transaction fees, and overlimit fees are also charged.
Despite the fees and charges, the benefits of the Axis Bank Vistara Signature Credit Card can help the cardholder save money and enjoy a more comfortable travel experience. From lounge access to milestone benefits and dining discounts, the card offers a range of rewards and perks that can make it a worthwhile investment for the right type of user.