Axis Bank My Zone Credit Card Review

By | April 9, 2017

Axisbank has been one of the oldest private banks in India. Yet, it was somehow not able to cash in that advantage and make it work for them in their credit cards department. One of the main reasons for this is Axis Bank simply doesn’t provide cards that are good enough or better than the ones by the rival banks like HDFC Bank or ICICI Bank which are the other two large private players in the country.

Lately Axis Bank has been able to ramp up its credit card portfolio with introduction of co-branded cards with Vistara and Privilege card . However, one card that has been in their catalogue for quite some time now is the Axis MyZone Credit Card.

Axis MyZone Credit Card Rewards & Benefits:

My Zone Card has now been upgraded to provide some significant reward points. Let’s see the benefits of this card:

  1. The MyZone Card gives you 25% off for movie tickets booked online or at box office. However, you won’t be getting any reward points for the tickets purchased.
  2. You can earn up to 4–40 points for spends in the dining category. However, on weekends, 10X points are earned. That means you earn 40 RP/₹200 on weekend dining spends.
  3. 4 RPs are the regular earning rate per ₹200.
  4. Reward Rate: ~0.4% (on regular spends)
  5. You can get Complimentary access to Visa Airport lounge with the MyZone Card (2/qtr). Even though this is okay but it is pretty much something that is the norm in the credit card industry as of now.
  6. There is waiver of fuel surcharge on spends ranging between ₹400-₹4000/ month. However, as with most of the cards, you won’t be getting back the service tax that is deducted. You don’t earn any points too on the fuel purchases.
  7. Cardexpert Rating: 3/5

Apart from these very average benefits, the card doesn’t have anything more to offer. However, one can argue that this card can still be kept if this is being offered as a life time free card. It is usually offered Life Time Free to Salary Account customers and also to others (once in a while). Besides, even if it is not offered LTF, you can still get it for a very nominal fee of ₹500/annum.

From my experience, I can tell you one thing is Axis Bank is pretty generous with the credit card limits. So, if you are a first timer too, you can easily expect a credit limit that is almost double your salary.

So if some of you want to get a higher limit on a credit card, you can apply for better cards like YES FIRST Preferred Card through Card-On-Card Basis (it requires a minimum credit limit of 2 Lakh), you can give it a shot. However, to apply Card-On-Card Basis you still need to hold the Card for more than a year.

This is an entry level card and can very well act as your entry into the wonderful world of credit cards. Let us know if you are interested in the offerings from AxisBank or not.

Author: Abhishek Roy

Abhishek is a Doctor by profession and is passionate about Technology and Photography. He pursues his hobbies during the little free time he gets and likes to make the most out of it. He has special interest in Credit/Debit Cards, Reward Points, Air Miles and Travel Hacks.

34 thoughts on “Axis Bank My Zone Credit Card Review

  1. Adi. H

    Hi, Congratulations for your card.

    1. What are the requirement to have this card from Axis Bank like ITR Numbers, CIBIL Score etc?

    Thanks

    Reply
    1. Abhishek Roy

      If you have a salary account with axis bank, they will be offering you the card approximately after 6 months of setting up the salary account. Usually this card is offered for free for life to anyone who is getting above ₹50-60 K a month. This is a relatively easy card to get approved for in comparison to ICICI which has been even rejecting customers for its entry level Platinum card that comes life time free. Of your salary is ₹50 K and you already hold a credit card from other banks, expect a limit of above 1 lakh. If you are a first timer, they see the type of job and place of issue and usually match the salary.

      Reply
      1. narendra

        when i applied for this card am earning 55k salary and i was given jus 25k limit in the month of nov 2016.
        now am getting 65k.Have requested fr limit increase too but they informed to wait for3 m then i again requested then again 3 more months they informed to wait for limit increase.
        if i upgrade axis myzone now which card i can get ?and let me know limit i gonna get sir
        thanks for the myzone card review

        Reply
  2. Raj Sinha

    I applied for this card in February when it was being given LTF if applied on bankbazaar.com. When the executive came to collect the documents he asked if I wanted an add-on card for my wife. I have her documents too and within one month I got both our cards. As Abhishek mentioned, they are lenient with the credit limit. They offered me 3.7 lakhs, which is the highest of the 7 credit cards I have.

    Btw, during that period bankbazaar was offering ₹750 worth Amazon vouchers on every successful application.

    Life time free card + Amazon vouchers for free = not bad! 😉

    Reply
    1. Praveen Perumalla

      Just curious..what are the other 6 cards that you have?

      Reply
      1. Raj Sinha

        Here is a summary of all the credit cards I hold –

        1. IndusInd Bank Platinum Credit Card – The most useless card I have. IndusInd executive showed me false benefits and I believed him. One time joining fee of Rs. 899 (refundable if spends more than Rs. 25,000 in first 90 days). 1 complimentary lounge visit per quarter. Complimentary Priority Pass too but no free visits. Credit limit – Rs. 2,50,000.

        2. Standard Chartered Landmark Rewards – Another (almost) useless card, other than 2 lounge visits per quarter, no annual/renewal charges. Points limited to Landmark group. Credit limit – Rs. 2,50,000 (Landmark + Manhattan combined).

        3. Standard Chartered Manhattan – good for cashbacks and reward points, annual fee of Rs. 999 is usually waived off if annual spend greater than Rs. 75,000 (I think). No lounge access. Credit limit – Rs. 2,50,000 (Landmark + Manhattan combined).

        4. Two AMEX Gold Charge Cards – 1 personal and 1 corporate (not counted in total 7). No lounge access, but good cashback offers on flights, hotels and restaurants. Annual renewal charges – Rs. 4,450 but got it waived off. Good rewards after 18000/24000 points. Credit limit – NA, its a charge card.

        5. Axis Bank My Zone Card – LTF. 2 domestic lounge visits per quarter. Credit limit – Rs. 3,70,000.

        6. YES FIRST Preferred – LTF card, got on card-on-card basis, 3 lounge visits per quarter, complimentary Priority Pass membership with 4 complimentary visits in a calendar year. Credit limit – Rs. 1,00,000.

        7. HDFC Diners Club Premium – LTF card. Unlimited complimentary domestic lounge visits and 5 complimentary visits to international lounges in a year. 10x rewards if applicable. Credit limit – Rs. 2,50,000.

        Reply
  3. Shubhendu Shekhar

    What is card-on-card basis? How to apply using card-to-card and which all cards are applicable for this?

    Reply
  4. Anil

    Axis My Choice Card is quite good as it offers 5% cashback on 2 chosen categories
    Maximum cashback 1000
    Annual Fees 250
    So net gainer card
    I used it on Grofers 1-5 April & availed 350 discount + 5% cashback also as Grofers came under Grocery my chosen category

    Reply
  5. Harish

    Earning and saving on obvious expenses is great thing, thank u Sid for this financial literacy drive which is helping its readers to save on their expenses
    Recently I have acquired this card as it was offered LTF, 25% cashback includes your expenses in side movie hall i.e. You will get 100 cashback on 400 Popcorn so it is better to use other cards for tickets having buy one get one features and this card for cool drinks and popcorn inside the hall.

    Reply
    1. Siddharth

      That’s a great tip on saving with movie food purchases.
      Did you get cashback on most theaters for the same?

      Reply
      1. Harish

        I have tried in PVR and Inox both the places I have received cashback, as per their Terms Cashback is applicable on Merchant Category as Movies, probably we should get on all theaters if they registered in movies Merchant Category

        Reply
  6. Aman

    Fyi

    The Bank reserves the right to not credit the Cash back amount and downgrade or cancel the
    credit card account, if the spends on the cash back categories exceeds 25% of the total spends
    of the said card account in a 3 months period.

    Reply
  7. Aman

    Better use of card on weekends dining (10x ) and weekend shopping (5x):

    Earn eDGE Loyalty Rewards
    eDGE Loyalty Rewards points for transactions and 500+ rewards and offers to redeem points. Earn points for these transactions:
    4-40 points with every Rs. 200 spent through the credit card
    100 points on first online transaction
    10x points on weekend dining (only on usage of valid MY Zone Credit Card for payment and for categories for which the merchant has registered) Click here to know more
    5x points on weekend shopping (only on usage of valid MY Zone Credit Card for payment and for categories for which the merchant has registered) Click here to know more

    Reply
  8. Srikanth nalla

    The reward points can be utilized for uber cab bookings also..

    Reply
  9. MANU KUMAR

    Applied for it today, as it Is offered as LtF.

    Let’s see, how the experience is.

    Reply
    1. Sameer

      Manu, How did you get it LTF? via some wesbite or directly thru Bank?

      Reply
      1. MANU KUMAR

        The bank executive offered me while opening the account.

        Reply
  10. Udesh

    Can i use Axis my Zone credit card (VISA Platinum ) out side of india ( International )

    Reply
    1. Abhishek Roy Post author

      Yes you can. Do confirm with the bank that the International Transaction is activated by default or not. If not then get it activated. In my opinion, if it’s a EMV Chip card, it should be pre-activated.

      Reply
  11. Manish

    I am self employed with ITR of 10 lacs.

    What limit will i get on this card with the above income??

    Does axis bank gives limit enhancement faster than hdfc bank??

    Reply
  12. Manu kumar

    Axis bank seems to be very slow in processing card application, even though their executives come armed with tablets and other gadgets for data capture.

    I has been 2 wwks and no decision has been taken, even reference number has not been sent.

    Reply
  13. MS Rao

    I have approached Axis. have salary account since 8 years. Though have received calls several times i have ignored and finally i have contacted bank last week and My Zone card was approved and received with in a week. Credit card executive has informed that i have pre-approved limit of Rs.1.75 Lakhs and limit offered with card is ridiculous Rs.25,000/- Have mailed credit cards dept and they say that it will be reviewed after 6 months.
    Very irresponsible and careless behavior from bank. They are not bothered.

    Reply
  14. manu

    The application was rejected today , the reason behind this is POOR CIBIL SCORE.
    Great review by the bank ,score of 823 is very bad indeed nothing less than 900 would be enough for them it seems.

    Reply
    1. MS Rao

      If you deal with Axis bank credit cards dept, you can understand that give foolish and generic replies. Even i have experienced such foolish replies. They take blind stance even if they have acted foolishly.

      Reply
  15. jitendra saraogi

    5x rewards on shopping apparels/dept stores/supermarkets) on weekends.
    i will appreciate if anyone can confirm which dept. stores & supermarkets are eligible for above?

    Reply
  16. jitendra saraogi

    if balance transfer facility is available on axis my zone credit card?
    would appreciate which card offers zero rate or lowest cost balance transfer facility.

    Reply
  17. shilpy

    Hi can you please tell me. it is applicable on T3 airport Lounge Only??? what about t1 ??

    Reply
    1. Abhishek Roy Post author

      Yes it is valid in Terminal 1D (Plaza Premium) too if it’s Mastercard. Else, if it’s Visa, then only terminal 3

      Reply
  18. jitendra saraogi

    if during birthday month all rewards get 2x/10x/20x for regular spend/apparel & dept stores on weekends/dining on weekends?
    please confirm if anybody is aware about same.
    thanks

    Reply
  19. Shivangi

    If i pay some amount (say 20k) to another bank account directly or phone pe wallet or paytm wallet through MY ZONE Axis bank credit card, what charges or interest rate will apply in such transactions ?

    Reply
    1. Abhishek Roy Post author

      You cannot fund other bank account balance through credit card.

      Reply
  20. Anwar

    Hi, I’m backpacking in these days and my credit card expenses are mostly travel bookings. I hold two cards now, one is from HDFC and other is from SBI. Since I’m planning to spend few more months on road, I’m thinking to apply for one more card so that I can be safe in case of emergency. My CIBIL is around 844 now, I think that is good enough.

    I’m looking to apply for a card with a high approval chance and quick processing. My goal is to get a credit line with a new bank so that the trust will grow slowly even if I don’t have a stable job in India. Do you have any suggestion for a bank that processes the application quickly?

    Reply

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