Credit cards are one of the best things for you if you are a keen traveller and love to spend money. Why should you have a credit card though when you have to pay interest on it for late payment? Why not just use a debit card and pay in cash and not worry about paying back to the bank. The simple reason is, credit cards can earn you reward points which debit cards can’t. There are no interest or penalty charges if you pay back the money on time. One of the credit cards; Axis Bank Miles And More World Credit Card is one of the best credit cards you should know about. It has some of the best rewards and offers that you can get with any card. There are also flyer miles included in the rewards which you can then redeem for booking airline tickets.
Eligibility Criteria For Axis Bank Miles And More World Credit Card
If you want to apply for this card, you should be first of all an Indian citizen. Your age should be in the bracket of 18 years and 70 years. If you want to become an add-on holder of the card, then your minimum age should be 15 years old. Then there are documents also required which you must submit to the bank if you want your card to be approved. Mentioned below are the documents which you will have to provide:
- Pan Card photocopy or Form 60
- Coloured photograph copies
- IT Return copy/Form 16/Latest Payslip
- Proof of Residence
- If you are an existing Miles & More member, then you have to present a copy of a statement of that card.
Rewards On Axis Bank Miles And More World Credit Card
The Axis Bank Miles And More World Credit Card is very high on rewards. First of all, when you sign-up for the membership, you are going to get a joining bonus of 5,000 miles points. On every renewal of the card, you will be eligible to get flyer miles worth Rs 3,000. You will also get complimentary domestic Mastercard lounge access in select domestic airports of India. You will also get a 1% surcharge on fuel transactions that you make which are between Rs 400 and Rs 5,000. You can redeem your flyers miles points against airline tickets. You can also use these points for booking hotels and shopping at select partner brands and shops across India. There is also a 15% discount which you can avail when you dine at select restaurants using this card all across India.
Features Of Axis Bank Miles And More World Credit Card
For joining, you will have to pay a fee of Rs 3,500 and then on top of it; there is an annual fee of Rs 3,000 as well. The card would entail a finance charge of 2.95% per month on all the cash and retail purchases. If you withdraw money from ATM, then there is an interest of 2.5%, and the minimum amount of money that you can withdraw from the ATM is Rs 250. There is no fee for the joining for an add-on card. A cash payment fee of Rs 100 is levied. For a re-issue of the card, no charges are made. There is a late payment fee of Rs 300 if the amount due is up to Rs 2,000 and Rs 400 if the amount due is up to Rs 5,000 and Rs 600 if the amount due is more than Rs 5,000. There are no charges for balance enquiry and mobile alerts. Axis Bank Miles And More World Credit Card is one of the best credit cards you can carry.