Axis Fibe RuPay Credit Card: A Detailed Review
Axis Fibe RuPay Credit Card: A Comprehensive Review
The Axis Fibe RuPay Credit Card stands out as India's first numberless credit card, offering a unique blend of security and rewards. This co-branded card, a collaboration between Axis Bank and Fibe, is designed for a seamless digital experience, combining the convenience of UPI payments with attractive cashback offers. Let's delve into a detailed analysis of this innovative financial product.
Key Features and Benefits
- Numberless Card: Enhanced security with no card number printed on the physical card. Card details are accessible securely through the Fibe app.
- Lifetime Free: Zero joining fee, annual fee, and renewal fee.
- Attractive Cashback: Earn 3% cashback on food delivery, entertainment, and local commute. 1% cashback on all other spends (subject to exclusions).
- UPI Enabled: Make convenient and quick UPI payments directly through your preferred UPI app.
- Domestic Lounge Access: Up to 4 complimentary domestic airport lounge visits per year (1 per quarter).
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on fuel spends between ₹400 and ₹5,000 (up to ₹400 per billing cycle).
Fees and Charges
| Fee/Charge | Amount |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil |
| Renewal Fee | Nil |
| Foreign Currency Markup | 3.5% of transaction amount |
| Cash Advance Charges | 2.5% of transaction amount or minimum ₹500 |
| Fuel Surcharge Waiver | 1% (up to ₹400 per billing cycle) |
Cashback and Rewards Breakdown
Let's illustrate the cashback potential with some examples:
| Spending Category | Spend Amount | Cashback Rate | Cashback Earned |
|---|---|---|---|
| Food Delivery (Zomato) | ₹2000 | 3% | ₹60 |
| Entertainment (Netflix Subscription) | ₹700 | 3% | ₹21 |
| Local Commute (Ola) | ₹1500 | 3% | ₹45 |
| Grocery Shopping (Online) | ₹3000 | 1% | ₹30 |
| Online Shopping (Amazon) | ₹5000 | 1% | ₹50 |
Note: Cashback is subject to terms and conditions and may not apply to all transactions. The maximum cashback amount per statement cycle is ₹1500.
Use Cases and Recommendations
The Axis Fibe RuPay Credit Card is particularly well-suited for:
- Students and Young Professionals: The lifetime free aspect is attractive, offering a low-risk way to build credit history while earning cashback on everyday spending.
- Tech-Savvy Individuals: The UPI integration and numberless feature appeals to those who prioritize digital convenience and security.
- Budget-Conscious Consumers: The cashback offers help offset spending, making it a valuable option for managing daily expenses.
However, potential drawbacks include the absence of welcome benefits and a cashback cap. Consider your spending habits and evaluate if the cashback rewards outweigh the limitations before applying.
Disclaimer: This review is for informational purposes only and does not constitute financial advice. Always check the official Axis Bank website for the most up-to-date terms and conditions.
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