Axis Bank has some good entry-level credit cards like Neo and MY Zone. These are easy to get approved for and come with low annual fees making them ideal for someone new to credit cards. In this post, we review the Axis Bank MY Zone credit card and the features, rewards, and benefits offered by it.
Fees and Charges
| Joining/Annual Fee | Rs 500+GST |
| Annual Fee | Rs 500+GST |
| Welcome Benefit | SonyLiv Premium Annual Subscription on the first spend within 30 days |
| Joining Fee Waiver | None |
| Annual Fee Waiver | None |
Rewards
MY Zone card rewards and benefits are more for select merchants like Swiggy, Paytm and AJIO. The earn rate for EDGE rewards is a bit low. This makes this card worth it only if you can maximize the merchant offers.
| Rewards | 4 EDGE Reward Points / Rs 200 |
| EDGE Reward Points Value | 20 paise/point |
Effective 15th November 2022, Axis Bank My Zone credit card will not earn any EDGE Rewards for the below categories:
× Fuel
× Rent
× Utilities
× Educational Services
× Government Institutions
Merchant Benefits
Swiggy and Paytm Movies are good offers that will be useful for most people.
| MERCHANT | OFFER | MAX DISCOUNT | MIN ORDER | MAX USAGE |
|---|---|---|---|---|
| Swiggy | 40% off | Rs 120 | Rs 200 | 4 per month |
| Paytm Movies | Buy One Get One | Rs 200 | None | 1 per month |
| AJIO – Select Styles | Rs 600 off | Rs 600 | Rs 2000 | No Ca |
Other Benefits
- SonyLiv premium annual subscription renewal on spends of Rs 1.5 Lakhs in a membership year
- 1% Fuel Surcharge Waiver – Valid on transactions between Rs 400 and Rs 4000 (Max Rs 400 per statement)
Dining Delights
MY Zone card is also eligible for the Axis Bank Dining Delights program. In this, we get a minimum of 15% off on partner restaurants when dining in.
Refer to the official Axis Bank Dining Delights website for a list of restaurants and applicable offers.
Complimentary Airport Lounge Access
We get 1 complimentary airport lounge access per quarter with the MY Zone card. The list of lounges is limited and depends on the variant (Visa/Mastercard).
Check the list of lounges for Visa and Mastercard.
My View
The Axis MY Zone credit card might not offer good EDGE rewards but has some good benefits. Assuming we order 4 times from Swiggy and book 1 ticket on Paytm movies in a month:
- Spend on Swiggy orders is Rs 300 X 4 = Rs 1200
- Savings on Swiggy is Rs 120 X 4 = Rs 480
- Paytm Movie savings is Rs 200 for one booking on spends on Rs 200
- Total savings is Rs 680 on spends of Rs 1400
That is a savings of 48% on Swiggy and Paytm spending. Even if we do not spend on other categories and end up paying an annual fee, the card is still beneficial. So, I would say get this card if you can leverage it on Swiggy and Paytm to get the most benefit.
