Axis Bank Insta Easy Credit Card Review

By | April 14, 2016

Axis Insta Easy Credit Card is one of the credit card that i used for a very long time when it was issued in golden colour when i availed it, now they changed it to purple colour. It was issued against my fixed deposit and my credit limit was 80% of the FD amount. It took axis bank 2 months to send me this card, well, i was one of the only 5 credit card holders in that branch at that time and as sales guys keep changing often, they were clueless in processing the credit card application.

Axis Bank Insta Easy Credit Card

Axis Bank Insta Easy Secured Credit Card

Axis Bank Insta Easy Credit Card Edge Rewards:

  • Earn 6 points on domestic spends for every Rs. 200 spent
  • Earn 12 points on international spends for every Rs. 200 spent

1 Edge Loyalty Reward Point Value = Rs. 0.20

This value keeps changing a bit on some redemption’s though. Well, This typically gives you 0.60% reward rate on all domestic spends and 1.2% reward rate on international spends. The reward rate is quite low for a “credit” card. Though, i accumulated a lot of points  in the past and redeemed all of them for Flipkart vouchers.

My Experience With Axis Bank Credit Card:

Once you start using the card, you can expect quite a lot of calls for EMI conversion. I remember that i used to get call at-least once in every 2 months to convert my purchase into EMI. For your info HDFC credit card Loans and EMI are far better than Axis with less interest rates and frequent processing fee waiver offers.

Their customer support is quite fast and better than HDFC in some cases. Once i wrote an email to Axis and got a response within 2 hrs, which is awesome.

Axis Insta Easy Credit Card Features:

  • Card Expert Rating: 2.5/5
  • Reward Rate: 0.60% to 1.2% as Edge loyalty Reward points
  • Fuel Surcharge Waiver: 2.5% fuel surcharge waiver can be availed on fuel transactions, for a minimum transaction amount of Rs. 400 and a maximum of Rs. 4000. Maximum benefits upto Rs. 400 per month
  • Foreign Exchange Markup fee: 3.5% + Service Tax

It is one of the basic variant for someone who needs a credit card for international transactions for which i opted for one. These days even debit cards can be used for making overseas payments. I’ve closed this card recently as it has very low credit limit with close to nil benefits. Also, i see that Axis bank Platinum Credit Card is same as this one, without deposit probably.

Axis bank is far backward in credit card offering compared to its competitors like HDFC. However, this piece of plastic helped me to boost my CIBIL score for 4 years. Secured credit cards (Issued against FD) are good for that reason.

What do you think about Axis Bank cards? Let me know in comments below.

28 thoughts on “Axis Bank Insta Easy Credit Card Review

  1. Kapil Malhotra

    Dear sidharth, you have mentioned that in this card we can Earn 6 points on domestic spends for every Rs. 200 spent. But I think it is not the fact. I have been using this card since 4 years, They provide 1 reward point for every Rs 100 spends, nothing else. No cash reward against the points. We can only get coupons from their ‘edgerewards’ website.
    Thanks
    Kapil

    Reply
    1. Siddharth Post author

      Kapil,
      1. You should likely get 3 points atleast for Rs.100. else call cust care.
      2. No cash rewards, but you can get Flipkart voucher with which you can buy a lot of day today needs.

      Reply
  2. Yadu

    Hi, I have a doubt regarding Axis Insta easy credit card. If the time period of my FD ends, will the validity of the credit card ends as well?

    Reply
    1. Siddharth Post author

      Generally it auto renews. But if you want to take out FD, you have to cancel card.

      Reply
  3. Akhilesh Sharma

    Axis Bank Gives Me a Best Services Thany Any Other Bank.Whether it is HDFC or ICICI Bank I Dont Like These Two Banks.Because Their Services are Low And Very Poor.Axis Bank Gives Me a Superior Services.and I have My Great Credit Card Experience With Axis Insta Easy Credit Card.I Got a Very Higher Limit On My This Credit Card Than Other Bank dont give it.I have My Axis Insta Easy Credit card its Limit is 1600000.

    Reply
    1. Siddharth Post author

      Akhilesh,
      That’s an impressive credit limit to be had on a single card.

      Reply
  4. Akhilesh Sharma

    Axis Bank Is a Very Great Bank.From Any Private or Government Sector Bank In India.

    Reply
    1. Siddharth Post author

      Great that you’re being treated special with Axis. I do have good relationship with Axisbank but the reward rate is comparatively lesser than HDFC, though, i agree, Axis support is very good compared to HDFC.

      Reply
  5. Akhilesh Sharma

    Halo Sidharth it is Not Necessary To Cancel The card If we want To take Out our Fixed Deposit.I have My Fixed deposit Of ₹ 200000 on My Axis Bank Account and On This Behalf i Got 80% Of This Amount Limit on My Credit card.But Sidharth It is Good To have A Credit Card Against FD.

    Reply
  6. Akhilesh Sharma

    I have a FD of ₹2000000 With My Axis Bank Account.and I got a Limit of ₹ 1600000 On My Axis Bank Credit Card.as Others Bank Do not Give Such Type of High Credit Limit against FD also.They Gave Maximum 500000 To 800000 Only.

    Reply
    1. Siddharth Post author

      This is an interesting info i’ve come across on super high credit limits. American Express do have cards with such limits, yes, for celebrities with sky high income and no FD.

      Reply
  7. Ashok

    Hi friends.. I was cheated by axis bank…… I am looking for an credit card….. Axis bank employee took advantage that thing. They asked me for an minimum deposit for insta credit card….. But they did fraud me like a fool……. They given credit card on my hand… But it’s not in active…….. Since 10 days…….

    Reply
    1. Siddharth Post author

      You may need to ask bank to activate or follow the procedure for the same. Call customer care.

      Reply
  8. Arijit Biswas

    Hi, Siddharth. This is a really nice article. I have an Axis Bank Savings Account (Recently Opened, No AMB).
    Is it good to get the Insta Easy Credit Card of Axis Bank against FD of 20k? Or should I choose CC against FD in HDFC or ICICI?
    I am student. Also a online shopping addict.
    Please let me know. Thanks.

    Reply
    1. Siddharth Post author

      20k is less. Any bank would do. Just pick the card and choose the bank accordingly 🙂

      Reply
  9. Shabib Akhtar

    Hi Siddarth,I like your blog posts a lot and i also follow them regulary,and i have a question related to Axis bank insta credit card,i would like to know that do i have to do fixed deposit of 20000 ruppee in axis bank and then i will be able to get this card or do i have to do the fixed deposit of 20000 ruppes and wait 6 months and then i can get the credit card because in icici i see that i have to wait 6 months after fixed depost……….So please tell me that can i get credit card after i did a fixed deposit of 20000 ruppee or do i have to wait for a period of time and then i could apply?

    Reply
    1. Siddharth Post author

      You can get it in a week or two max. It shouldn’t take longer.

      Reply
      1. SKG

        I got my renewed Insta card recently and on this card also my name is not printed. Was your name printed on your Insta Easy card ? Also, Can we apply for a new card to any bank against the Insta card ? If yes then what should be the minimum limit of the Insta card while applying & What should be the CIBIL score ?

        Reply
  10. Kris

    Hi, Few questions..
    1) Can I use NRE FD for Insta Easy Credit Card?
    2) If yes for above, Can the Credit Card bill be paid in INR?
    Thank you.

    Reply
  11. Armaan

    Hi just wanted to ask can i apply for cc over a fd and in needed can I sweep in my fd without the card to be revoked??????

    Reply
    1. Siddharth Post author

      You can’t use Sweep-in. Card has to be closed for that.

      Reply
  12. Ajay

    Hello Siddharth,
    First of all i would like to congratulate you for you amazing infos.I would like to take a credit card as i was planning to shift to Canada for higher studies.Which is the best credit card available in terms of foreign transaction waivers and online purchases and all…
    Thank You.

    Reply
    1. Siddharth Post author

      Consider Yesbank credit cards as it has low markup fees. Even Indusind Exclusive signature DEBIT card has 0% markup fees.

      Reply
  13. Shabib Akhtar

    Hi Siddarth,I want to use this card for International transactions ,In short i want to start an online store using a company called shopify,i think you may have heard about them and they accept credit cards,so Will Axis Insta credit card would work internationally just like a normal Credit card?

    Reply
  14. Nani

    Am planning to do fixed deposit of 50000 if I take a insta cc after 6 months if I cancel my FD the credit card will be in active or they will cancel the card….

    Reply

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