Axis Bank Insta Easy Credit Card is a Chip & PIN enabled credit card that enhances the user’s banking experience by issuing the card against Fixed Deposit with Axis Bank. The Axis Bank Insta Easy credit card is one of the few cards with guaranteed approval from the bank.
The credit card comes with various bonanzas such as a free credit period of up to 50 days, zero joining as well as annual fee, up to 4 Axis add-on credit cards, a minimum 15% discount at partner restaurants, a flexible credit limit for up to 80% of the principal amount of the fixed deposit, cash withdrawals up to 100% of the credit limit sanctioned, fuel surcharge waiver, global emergency assistance, highest level of security, conversion of your big payments in easy EMIs, rewards benefits etc.
Click here to know more about credit cards against FD (fixed deposit)
Key Highlights of Axis Bank Insta Easy Credit Card
| Key Highlights | Features | Details |
| Joining Fee | Nil | |
| Annual Fee/ Renewal Fee | Nil | |
| Approval Status | Guaranteed (100%) | |
| Free Credit Period | Up to 50 days | |
| Flexibility | A flexible credit limit for up to 80% of the principal amount of the fixed deposit | |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver | |
| Security Features | Chip & PIN enabled |
Features & Benefits of the Insta Easy Credit Card
The Axis Bank Insta Easy Credit Card has several benefits, below are the details.
| Benefits | Details |
| Shopping Benefits | Enjoy instant discounts on various top brands like Apple, Sony, etc. & online shopping platforms like Amazon, Flipkart, Bigbasket etc. |
| Travel Benefits | Avail discount bonanzas on hotels & flight bookings through various platforms like. MakeMyTrip, EasyMyTrip, Goibibo etc. |
| Dining Benefits | With Axis ‘Dining Delight’, the cardholders can enjoy minimum 15% off on delectable cuisines across partner restaurants across India |
| Fixed deposit amount | The minimum fixed deposit (FD) amount required to apply for the Axis Bank Insta Easy Credit Card is ₹ 20,000, and the maximum is ₹ 25 lakh. The FD must be held at an Axis Bank branch |
| Add-On Credit Card Facility | Get up to 4 Axis add-on credit cards with the primary Insta Easy credit card |
| eDGE Loyalty Points/ Reward Benefits | The accumulated reward points can be redeemed for 500+ reward items through the reward catalog. Exciting eDGE Loyalty Rewards program: Earn 6 RPs on every domestic spend of ₹200 Earn 12 RPs on every international spend of ₹200, the first online transaction earns 100 reward points |
| Flexibility Of Credit Limit | With this card, the cardholder is given a card limit of his choice. This limit is flexible in case of Insta Easy Card as it is given against his fixed deposit with the bank. Depending on his fixed deposit amount, a maximum of 80% of the principal amount is given as credit limit for this card |
| Interest Free Period | One can get a grace period of up to 50 days on transactions made through Insta Credit Card, which means no extra charges on purchase transactions for up to 50 days Note- Benefit applicable only if there is no outstanding on the ‘cardholders’ account |
| Conversion to EMIs | Purchases above ₹ 2,500 made with your credit card can be converted into easy EMIs with low interest rates |
| Fuel Benefits | 1% Fuel Surcharge Waiver on fuel transactions b/w ₹ 400- ₹ 4,000 all over India |
| Cash Withdrawal Limits | A 100% cash withdrawal facility is available on the user’s Axis Insta Easy credit card from day one. |
| Approval Status | Since this credit card is backed by an FD, approval is almost certain, even for individuals with limited or bad credit history |
| Security Features | The credit card is equipped with a platinum chip which provides seamless authentication of credit payments with easy fraud detection. Chip can’t be counterfeited and duplicated hence it is more secure than other cards. Overall The card is secured with a Chip & PIN to ensure additional security |
| Global Emergency Assistance | Access the Visa International Global Card Assistance Services across the globe. One can report the loss of the card and also request for an emergency card replacement as well as an emergency cash advance |
Reward Redemption Process
To redeem the reward points on Axis Bank Insta Easy Credit Card through net banking, here are the steps which are given below:
Step 1) Log in to your Axis Bank Net Banking account
Step 2) From the ‘Account Summary’ page click on Axis eDGE Rewards
Step 3) Check on the box to accept the Terms & Conditions
Step 4) Click on ‘Redeem Now’ and the Rewards Store page will open
Step 5) From the categories listed, add the reward to the basket and click on ‘confirm’
Step 6) You will receive the reward points you have chosen
Fees & Charges of Insta Easy Credit Card
| Types of charges | Details |
| Joining Fee | Nil |
| Annual / Renewal Fee | Nil |
| Add-On Card Joining Fee | Nil |
| Add-On Card Annual Fee | Nil |
| Cash Withdrawal Fee | 2.5% of the amount withdrawn (min. ₹ 250) |
| Finance Charge / Interest Rate | 2.50% per month 34.49% per year |
| Card Replacement Fee | ₹ 100 |
| Fee For Cash Payment | ₹ 100 |
| Late Payment Fee / Overdue Penalty | For outstanding amount: Penalty fee Penalty fee Amount b/w Nil Up to ₹ 300 ₹ 100 b/w ₹ 301 – ₹ 500 ₹ 500 b/w ₹ 501 – ₹ 1,000 ₹ 750 b/w ₹ 1,001 – ₹ 10,000 ₹ 950 b/w ₹ 10,001 – ₹ 25,000 ₹ 1,000 b/w ₹ 25,001 – ₹ 50,000 ₹ 1,200 Above ₹ 50,000 |
| Duplicate Statement Fee | Waived |
| Over Limit Penalty | 3% of the over limit amount (min. of ₹500) |
| Charge-Slip Retrieval Fee / Copy Request Fee | Waived |
| Cheque Return / Dishonor Fee / Auto-Debit Reversal | ₹300 |
| Outstation Cheque Fee | Waived |
| Fuel Surcharge Waiver | 1% of transaction amount (Refunded for fuel transactions between ₹ 400 – ₹ 4,000) |
| Foreign Currency Mark-Up Fee | 3.50% of the transaction value |
| Balance Enquiry Charges | Waived |
| Hotlisting Charges | Nil |
| Mobile Alerts For Transactions | Waived |
| Emergency Card Replacement Fee When Overseas (Through VISA) | As per VISA Global Customer Assistance Services (GCAS) |
| Surcharge On Purchase Or Cancellation Of Railway Tickets | As prescribed by IRCTC/Indian Railways |
Eligibility criteria of Insta Easy Credit Card
| Eligibility Criteria | Details |
| FD Account | A Fixed Deposit at any Axis Bank branch |
| Age | The applicant must be minimum 18 years of age |
| FD Amount Limits | Min. Fixed Deposit of ₹ 20,000 Max. Fixed Deposit of ₹ 25,00,000 |
| Nationality | Should be either Indian or NRI |
| Others | Axis Bank Insta Easy Credit Card can’t be issued against Tax saver FDs, Flexi-deposits (auto-sweep FDs), Fixed deposits in the name of any HUF (Hindu Undivided Family), society, trust or company |
Document required for Insta Easy Credit Card
If any customer is looking for an Axis Insta Easy credit card, apply online with the following documents:
- He doesn’t need to submit income proof, address proof or identity proof to apply for this card
- The existing KYC information with the bank will be used to process the application
Note- He must have a Fixed Deposit at any Axis Bank branch.
FAQs
How to reach Axis Insta Easy Credit Card Customer Care?
Any Insta Easy Credit Card query can be directed to the Axis Bank Credit Card Customer Care, users can take the assistance of their online virtual interactive system “Axis AHA!” or simply enter the query in the Axis Bank customer support page.
They can also call the Axis Bank’s retail phone banking numbers 1860 419 5555 or 1860 500 5555
How to apply for the Axis Bank Insta Easy Card?
One can apply for the card through the Axis Bank official website online or by visiting the nearest Axis Bank branch. Post submitting the required documents, the bank will proceed with his credit card application. Once his documentation is done & the application has been approved, his credit card will be delivered to the mentioned address within 7-10 business days.
Do I need to submit KYC, address, and income proof documents to apply for this credit card?
No, the customer doesn’t need to submit income proof, address proof, or identity proof to apply for this card. The existing KYC information with the bank will be used to process the application. But yes, he must have a Fixed Deposit holder at any Axis Bank branch.
What is the maximum cash withdrawal limit available with the Axis bank Insta Easy credit card?
100% of the total limit is available for cash withdrawal on the user’s Axis Insta Easy credit card from day one.
How much amount of fixed deposit is required to apply for an Axis Insta Easy credit card?
The minimum fixed deposit (FD) amount required to apply for the Axis Bank Insta Easy Credit Card is ₹ 20,000, and the maximum is ₹ 25 lakh.
What is the credit limit for Axis Insta Easy credit card?
It depends on the fixed deposit amount. A maximum of 80% of the principal amount is given as a credit limit for this card. With this card, the cardholder is given a card limit of his choice. This limit is flexible in the case of Insta Easy Card as it is given against his fixed deposit with the bank.
Is there any add-on card facility on Axis Insta Easy credit card?
Yes, users can get up to 4 Axis add-on credit cards with the primary Insta Easy credit card with zero joining fee and annual fee.
What is the maximum cash withdrawal limit available with the Axis Insta Easy credit card?
100% of the cash withdrawal facility is available on the user’s Axis Insta Easy credit card from day 1st.
