The Axis Bank Insta Easy Free Credit Card is a secured card backed by your fixed deposit, and is lifetime free. Hence it is a great beginner card, especially for people who either have no credit history OR for those who do not have a very good credit history, since it helps you build your credit history.
Lifetime free cards are also very popular since a lot of people like the simplicity of such cards.
Brief Summary
Our View :
Good card for building/re-building credit history – for those who either have no credit history OR for those who do not have a good credit history.
No income proof required, no credit score required since the card is issued against security of a fixed deposit.
It is also lifetime free.
Axis Bank Insta Easy Lifetime Credit Card
Special Benefits
Lifetime free
Other Benefits
No credit score required – issued against fixed deposit
Minimum Income
Not required – issued against fixed deposit
Annual Fee
₹ 0
Annual Fee Offers
–
Axis Bank Insta Easy Lifetime Credit Card : Summary Table
| Fixed deposit based credit card / guaranteed approval card | – Card is issued against your fixed deposit – You get flexible credit limit , upto 80% of your fixed deposit amount – Income proof is not required , credit history is also not required (since the card is issued against the security of your personal fixed deposit) – 100% cash withdrawal (as much as card credit limit) on your card – hence you have full access to your money in case of emergencies |
| No annual fee – lifetime free card | There is no annual fee on this card. Welcome offer : You get 100 EDGE reward points , on your 1st online transaction with the card. |
| 1.20% benefit on purchases outside India | You earn 6 EDGE reward points worth ₹1.20 , on every ₹100 you spend on your card outside India (since 1 EDGE reward point = ₹0.20 or 20 paise) |
| 0.60% basic benefit on all purchases in India | You earn 3 EDGE reward points worth ₹0.60 , on every ₹100 you spend on your card in India (since 1 EDGE reward point = ₹0.20 or 20 paise) Exceptions : You earn no reward points on fuel spends |
| 1% fuel surcharge waiver | Fuel surcharge waiver at all fuel stations – – Only on fuel transactions between ₹400 and ₹4,000 AND – Only on fuel purchases upto ₹40,000 per month (since cashback is capped at ₹400 per month) – Both conditions above need to be met to avail 1% fuel surcharge waiver |
| Benefits on Axis Grabdeals platform | 5% cashback on more than 40 exclusive partners of Axis Bank. Please click here for details. |
| Benefits from Visa | – Visa Platinum Concierge : You get a 24/7 digital personal assistant and lifestyle guide, giving you access to extraordinary experiences and exclusive privileges. – Offers from Visa : You enjoy a variety of exclusive hotel, dining, shopping, and other lifestyle offers when you travel in Asia. – Global Customer Assistance : This service helps you in times of need – block your card, get a replacement card and also get emergency cash |
Pros & Cons
Pros and Cons of Insta Easy Lifetime Credit Card
- Good card to build credit history, which helps you get better credit cards in the future
- Card is lifetime free
- The card gives you cash availability in case of emergencies – cash withdrawal limit is 100% of your card credit limit
- Global Emergency Assistance – you get 24/7 emergency services worldwide, including replacement cards and cash advances. Perfect for frequent travellers who value peace of mind.
Limitations and drawbacks to consider
- Better benefits & rewards are available on other cards
- You need to open a fixed deposit to get this card
Full Review of the Axis Bank Insta Easy Credit Card
Features & Benefits of the Axis Bank Insta Easy Credit Card
0.60% benefit on all purchases in India
Earning reward points : You earn 3 EDGE reward points on every ₹100 you spend on your card (except on fuel) = ₹0.60 or 60 paise on every ₹100 you spend (since 1EDGE reward point = ₹0.20 or 20 paise)
Redeeming reward points :
– You can redeem EDGE reward points on Axis Bank EDGE Rewards platform – for a range of exciting offers, including gift vouchers, products, travel bookings, and more.
– You can access the Axis Bank EDGE Rewards platform through the Axis Bank EDGE Rewards Portal, mobile app, or Internet banking.
– 1 EDGE reward point = ₹0.20 or 20 paise.
– Please click here for details.
Limits on reward points : There is no monthly spending cap on earning these benefits.
Other important information :
– EDGE reward points are valid for 3 years.
– There is no fee for redeeming less than 300 EDGE reward points. A fee of ₹49 will be charged if you redeem between 300 and 10,000 points, and a fee of ₹99 will be charged for points redemption greater than 10,000 points.
1.20% benefit on purchases outside India
Earning reward points : You earn 6 EDGE reward points on every ₹100 you spend abroad = ₹1.20 on every ₹100 you spend (since 1 EDGE reward point = ₹0.20 or 20 paise)
Redeeming reward points , limits on reward points , other important information : same as explained in above section
Other Cardholder Benefits
| 1% fuel surcharge waiver | Applicable fuel stations and brands : Fuel surcharge is applicable at all petrol stations. Restrictions : Fuel surcharge waiver is applicable – – Only on fuel transactions between ₹400 and ₹4,000 AND – Only on fuel purchases upto ₹40,000 per month (since cashback is capped at ₹400 per month) – Both the above conditions need to be met to avail 1% fuel surcharge waiver |
| Hello EMI | – Customers can convert their credit card purchases of ₹2,500 or more into easy EMIs. – The program offers the convenience of paying back in parts rather than the entire amount upfront. – Customers can enjoy a reduced interest rate of just 1.50% per month. – The EMI tenure options are 6, 9, 12, 18, or 24 months. – A one-time processing fee of 2% or ₹1500 (whichever is lower, with a minimum of ₹250) will be charged to the credit card account. – The Instant EMI facility is available at select online merchants and retail stores. – There is no need for documentation to avail this facility. – The maximum amount for EMI conversion is ₹10 lacs per transaction. |
| Global emergency benefits from Visa | – The card offers access to Visa International Global Card Assistance services. – Cardholders can report lost cards and request emergency replacement cards through this service. – The service also provides emergency cash advances for overseas locations. |
| 24/7 customer support | Please click here for all the options to contact the bank for various issues and escalations. |
| Security Features | Chip and PIN technology – security for offline transactions : In the past, credit cards typically used a magnetic stripe located on the back of the card to store and transact data. However, the latest generation of credit cards includes a CHIP and PIN feature, which provides enhanced security. Only you know your PIN, so even if your credit card is lost, it is unlikely to be misused since BOTH the physical card and the PIN is required to spend on the credit card. Two-factor authentication – security for online transactions : When making an online transaction, you approve your online transaction by using a One-time Password (OTP) you get on your mobile phone. Since only you know the OTP, the card is unlikely to be misused unless someone has access to BOTH your card details AND your mobile phone. This ensures a safe online purchase experience. SMS alerts and notifications – for both offline and online transactions : For your peace of mind, you get free SMS alerts and notifications for all your credit card transactions. Hence you will know about all transactions on your credit card. In the unlikely scenario of misusing your credit card, you would still get these alerts and notifications – which will help you immediately block your credit card. |
Important Card Fees and Charges
Annual fee and annual fee offers
| Fees | |
|---|---|
| Annual fee | Nil (lifetime free card) |
Late payment fee
Late payment fees depends on the total payment due
| Total bill amount due | Late payment charges |
|---|---|
| Less than ₹500 | None |
| Between ₹501-₹5000 | ₹500 |
| Between ₹5,001-₹10,000 | ₹750 |
| More than ₹10,000 | ₹1,200 |
Foreign currency mark-up fee
3.50% of the transaction amount. This fee is charged when you use your card outside India.
Finance charges
3.60% per month
Important Note
– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here .
Eligibility Criteria
| Minimum age | 18 years |
| Maximum age | 70 years |
| Occupation | Salaried, self-employed |
| Minimum income requirements | Not specified |
| Credit score | Not specified , preferably above 750 |
Application Process & Tracking Your Application Status
Step-by-step guide
| Online application process | The easiest way is to click here – APPLY NOW , you will be taken to the card application page on the Axis Bank website. You can also visit official website of the bank and fill out the application form. Steps : – The bank’s website and mobile app offer a user-friendly interface that makes the application process quick and easy – To apply, simply provide your personal details such as your mobile phone number, income, PAN number, along with the required documents – Review your application and click submit. – Await confirmation from Axis Bank regarding the status of your application. |
| Offline (face to face) application process | You can also visit any of the nearest branches of the bank and talk to an executive regarding the process. |
| Approval timeline and process | The credit card decision would be communicated within 7 working days, in most cases. Please click here to track the status of your Axis Bank Credit Card application. |
Necessary documents and verification
| Required documents | – PAN card photocopy or Form 60 – Colour photograph – Income proof : Latest payslip/Form 16/IT return copy – Residence proof (any one of the following) : Passport , Ration card, Electricity bill, Landline telephone bill – Identity proof (any one of the following) : Passport, Driving license, PAN card, Aadhaar card Please note that this list is only indicative. Documents required may vary on a case-to-case basis. |
Conclusion
In conclusion, Axis Bank Insta Easy Free Credit Card is a good choice for a beginners who do not have a credit history, or for those who want to re-build their credit history.
It helps you build your history so that you can get more rewarding cards in the future. Moreover it is lifetime free , so you do not have to do a detailed cost benefit analysis of the card, and many consumers prefer the simplicity of a lifetime free card.
The downside obviously is the need to open a fixed deposit to get this card, you can also get better benefits & rewards on some of the other cards available in the market. Your personal needs and preferences would dictate if this is the right card for you.
Apply Nowon Axis Bank’s website
Frequently Asked Questions
Are there any limitations on redeeming the Axis Bank Insta Easy Credit Card Points?
EDGE REWARD Points earned on the Axis Bank Insta Easy Credit Card expire in 3 years.
How does the Axis Bank Insta Easy Credit Card’s rewards program work?
The Axis Bank Insta Easy Credit Card rewards program allows you to earn EDGE REWARD Points on your everyday purchases. These points can be accumulated and later redeemed for various options such as merchandise, travel bookings, gift vouchers, and more.
Is the Axis Bank Insta Easy Credit Card equipped with contactless payment technology?
Yes, the Axis Bank Insta Easy Credit Card is contactless-enabled, allowing you to make quick and secure payments by simply tapping the card at enabled terminals. This feature enhances convenience and speeds up transactions.
Can I convert high-value purchases into easy monthly instalments?
Yes, the Axis Bank Insta Easy Credit Card offers the option to convert high-value purchases into convenient monthly instalments with attractive interest rates. This feature provides flexibility in managing expenses and helps you budget effectively.
On this page
- Brief overview
- Pros and cons
- Detailed look at the card
- Features & benefits
- Card fees & charges
- Eligibility criteria
- Application process
- Other cardholder benefits
- Frequently asked questions
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