The Indian credit card market is rapidly growing, and today, credit cards are way more than just a tool for making purchases and repaying them on time. Consumers are well aware of how credit cards function, how credit cards can help build credit scores, and the added benefits they offer. The credit card market has become versatile, with a range of cards designed to serve individuals across different income groups and with different needs. For those who may not be able to prove their income or employment status, secured credit cards are a perfect solution. Secured credit cards are backed by a Fixed Deposit made by the user, providing a safety net for the bank in case of default. Today, almost every credit card issuer has a few options for people seeking a credit card against FD.
Axis Bank offers multiple convenient options for FD-backed credit cards. With a minimum deposit of ₹20,000, users can apply for a credit card with a limit of up to 80% of the FD amount. Typically, Axis requires a tenure of one year before issuing a credit card against a Fixed Deposit. These secured credit cards offer all the benefits of regular credit cards, including the ability to earn rewards, accumulate points, and enjoy lifestyle perks with minimal documentation requirements.
My Zone Easy Credit Card
Currently offered as a lifetime free card, the My Zone Axis Easy Credit Card is an entry-level credit card that offers great value for money. Perfect for everyday spending on movies, shopping, and food, it comes with a welcome bonus of a free SonyLiv subscription worth ₹1,499. The SonyLiv membership is renewed every year as a milestone benefit when a customer spends ₹1.5 Lakh in a year. For every ₹200 a user spends, they earn 4 EDGE points. These EDGE points can be redeemed for shopping or travel vouchers at the Axis Bank EDGE Rewards portal, where one point is valued at ₹0.20. Throughout the year, cardholders have the privilege of accessing 1 domestic airport lounge every calendar quarter.
Other perks with the card include-
- On a minimum spend of ₹2,999, cardholders can get up to ₹1,000 off on Ajio.
- Once a month, users save 15% up to ₹500 on a minimum spend of ₹1,500 with EazyDiner.
- Twice a month, save ₹120 with Swiggy on orders of ₹ 500 or more.
- Buy One, Get One movie ticket on the District app by Zomato.
Indian Oil Easy Credit Card
This co-branded Axis Bank Credit Card, along with IOCL (Indian Oil Corporation Limited), has an annual fee of ₹500 and is best suited for fuel transactions and shopping. Users earn 20 reward points for ₹100 spent on fuel transactions across IOCL stations, 5 Reward Points per ₹100 spent on online shopping, and 1 EDGE Point for every ₹100 spent on all other spends with the card. These rewards are redeemable at the Axis Bank EDGE Rewards Portal.
Other perks with the card include-
- Welcome bonus of 1,250 EDGE Reward Points Worth ₹250.
- 10% discount on movie ticket bookings through BookMyShow.
- 15% off up to Rs. 500 on dining bills at partner restaurants under the Axis Bank EazyDiner Program.
Flipkart Secured Credit Card
The co-branded Flipkart Axis Bank Credit Card is one of the most flexible cashback credit cards in India. It is also one of the best cards available for shopping, especially on Flipkart. Cardholders get instant 5% cashback on Flipkart and ClearTrip, 4% cashback on Swiggy, Uber, PVR, and Cult.fit, and 1% cashback on all other spends. Unlike with other cards, there is no limit to the cashback you earn with this card. The card comes with welcome benefits worth ₹600, which are– ₹500 worth of Flipkart vouchers and 50% off on your first transaction at Swiggy (max discount of ₹100). The card gives its users access to 4 domestic airport lounges a year.
Other perks with the card include-
- 4% Cashback with Swiggy.
- 4% Cashback on PVR movie tickets.
- 15% off up to Rs. 500 on dining bills at 10,000+ partner restaurants across India under the Axis Bank Dining Delights program.
Privilege Easy Credit Card
The Axis Bank Privilege Credit Card is best suited for travel and shopping. For an annual fee of ₹1,500, the card awards customers 10 EDGE reward points for every ₹200 they spend with the card. These points can be redeemed for a variety of products and vouchers; each point is valued at ₹0.20. As a welcome bonus, users get 12,500 points worth ₹2,500, which offsets the ₹1,500 joining fee paid by the customers. The card gives you access to 2 domestic airport lounges access in a calendar quarter.
Other perks with the card include-
- A milestone benefit where you get 10,000 EDGE reward points on spending ₹2.5 Lakh in a year.
- 20% off on your dining bill across 4,000+ partner restaurants through the Axis Bank Dining Delights program.
- The card also offers some insurance benefits like Purchase protection for ₹1 Lakh and more.
Bottom Line
Axis Bank offers a range of secured credit cards backed by Fixed Deposits, each catering to different user needs. With cards designed for daily expenses, fuel, shopping, or travel, they offer attractive perks like cashback, rewards, dining discounts, and airport lounge access. These cards are perfect for those seeking minimal documentation and easy access to credit.