Our Money Guide

By: OurMoneyGuide || Last updated on: March 19, 2024

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 want to 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 Rating
4.0 / 5


Our View :

Good card for building/re-building credit history – for those who want to build a good credit history. A good credit history helps you get the best cards and loans.

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

on Axis Bank’s website

Axis Bank Insta Easy Lifetime Free Credit Card

Special Benefits

Lifetime free

Other Benefits

No credit score required, since card is issued against a fixed deposit

Minimum Income

Not required, since card is issued against fixed deposit

Annual Fee

₹ 0

Annual Fee Offers

Pros & Cons

Pros and Cons of Insta Easy 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
Axis Bank Insta Easy Lifetime Credit Card

Features & Benefits of the Axis Bank Insta Easy Credit Card

Credit card against FD

0.60% benefit on all purchases in India

You earn 6 EDGE reward points worth ₹1.20, on every ₹200 you spend on your card (meaning ₹0.60 on every ₹100 spent – 0.60% benefit).

1.20% benefit on purchases outside India

You earn 12 EDGE reward points worth ₹2.40, on every ₹200 you spend on your card (meaning ₹1.20 on every ₹100 spent – 1.20% benefit).

Redeeming reward points and other important information : same as explained in above section

Fuel surcharge waiver

You get a 1% fuel surcharge waiver, only on fuel transactions between ₹400 and ₹4000. And on fuel purchases upto ₹40,000 per month, since the maximum waiver amount is restricted to ₹400 per monthly card statement cycle.

Axis Bank 24/7 customer care support

Please click here for all the options to contact the bank for various issues and escalations.

Benefits from Visa

Important Card Fees and Charges

Annual fee and annual fee offers

FeesOffers
Annual feeNil (lifetime free card)Welcome offer : You get 100 EDGE reward points , on your 1st online transaction with the card.

Late payment fee

Late payment fees depends on the total payment due

Total bill amount dueLate payment charges
Less than ₹500None
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 age18 years
Maximum age70 years
Minimum income & credit score requirements– Not required, since card is issued against a personal fixed deposit (FD).
– Card can not be issued against a tax saver FD, flexi deposit, company FD, HUF FD, society FD, trust FD
– Minimum FD of ₹20,000

Application Process & Tracking Your Application Status

Step-by-step guide

Online application processThe 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 processYou can also visit any of the nearest branches of the bank and talk to an executive regarding the process.
Approval timeline and processThe 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 
No documents are required, if the address is same as that on the Axis Bank account.

If address is different, then you would be asked to produce just an address proof, other documents are not required

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 Now

on 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.