Axis Bank Insta Easy Credit Card Review

Axis Bank Insta Easy Credit Card is a secured credit card from Axis Bank, it is a secured credit card that means anyone with a fixed deposit account at Axis Bank can apply for this card. The benefits offered by the card are reward benefit, dining benefit, fuel surcharge waiver, EMI facility, higher cash withdrawal limit, etc. 

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 18 to 70 years. 
    • Income: There is no need to show any income proof, this card can be issued against a fixed deposit account. 
  • For self-employed person:
    • Age: 18 to 70 years. 
    • Income: There is no need to show any income proof, this card can be issued against a fixed deposit account.  
  • F.D Amount: Min ₹20,000 & Max ₹25,000. 
  • Good relation with the bank. 

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • If your current residential address is the same as recorded in your bank, you don’t need to submit any address proof either.
  • Proof of income statement: You don’t need to provide any Income Proof, you can get this card only against your F.D account at Axis Bank.  

Fee:

  • Joining Fee: None. 
  • Annual Fee: None. 

Benefits:

  • Reward benefit:

With this card, you can earn reward points from almost every spend you make using this card.

You will get 6 reward points for each ₹200 to spend in India and 12 reward points for the same on each international transaction. 

Also when you complete your first online transaction with this card, you will get 100 bonus reward points. You can redeem your earned reward points very easily against several categories you can find in the reward catalog.  

  • Dining Benefit:

With your Axis Bank Insta Easy Credit card, you can enjoy dining at most of the premium restaurants in India with a minimum 15% discount on your dining bill. 

This offer is applicable at some partner’s restaurants including KFC, TGI Fridays, The Oriental Blossoms, etc.  

  • Fuel Surcharge Waiver:

With this card you will get a 1% discount on fuel surcharges, this offer is applicable at all fuel stations in India. The transaction amount should be between ₹400 to ₹4,000. You can get a maximum of ₹400 waivers in a month. 

  • EMI facility:

With your Axis Bank Insta Easy Credit Card, you can convert any purchase over ₹2,500 into EMI. This feature is very helpful for high-value purchases. 

  • Flexible credit limit:

This card is issued against your Fixed Deposit account, and you will get a credit limit of 80% of your F.D value. So you can easily increase your credit limit just by increasing your F.D value. 

  • Big cash withdrawal limit:

This card offers a cash withdrawal limit of 100% of your total credit limit. This feature can be very helpful in emergencies. 

  • Interest-free period:

With this credit card, you will get an Interest free period of up to 50 days. The interest-free period is applicable only when there is no payment due. 

  • Emergency assistance:

If your card is lost or stolen, you will get instant assistance from the Global Assistance Service of Visa. You can request emergency card replacement and also for emergency cash which will be delivered to your location. You will have to pay for the service.  

  • EMV chip card:

This card comes with a built-in EMV chip, this chip is specially designed to make your transactions more secure. This card also comes with 3d security that means you will get an OTP to authenticate and complete your online transactions. 

  • Global acceptance:

This card is accepted anywhere in the world. You can use this card at any outlet or e-commerce site where Visa credit cards are accepted. 

Charges:

  • Cash Withdrawal Charge: 2.5% against the withdrawal amount. (min ₹500) 
  • Finance Charge: 2.50% monthly or (34.49% annually)
  • Foreign currency transaction: 3.50% against the transaction amount. 

Contact Details:

Call – 1860 419 5555

Mail – [email protected]

Dispute Resolution Process:

If you notice some un-authorized charges in your account, or there is some billing error, or if your card is lost or stolen. You should act first and report the problem to customer service. You can follow the steps given below.

  1. First of all, contact the customer service authority and describe to them your problem, and follow their instructions. In case of a lost card ask them to block your card immediately. 
  2. If you are not satisfied with the given service, you can take your complaint to the circle nodal officer. You can mail at [email protected] or you can call at +91-080-61865200. 
  3. If you do not get any response within 10 days, you can then contact the principal nodal officer, you can mail at [email protected] 
  4. If you are still not satisfied at stage 3, you can contact the banking ombudsman. You can find the contact details here https://www.axisbank.com/contact-us/banking-ombudsman  

But before going to the Banking Ombudsman, try to negotiate the issue with the bank.

100xGain Ratings: 7.5/10

Final Opinion:

Axis Bank Insta Easy Credit Card is a secured credit card and it is best for those who have a very low credit score or no income proof. This card is also helpful for those who want to improve their credit score. It offers up to 6 reward points, a minimum 15% discount on dining bills, and up to ₹400 fuel surcharge waiver monthly. 

 

So if you have a very low credit score or if you want to improve your credit score then this card can be a good choice for you.  

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