Samsung Launches Co-branded Credit Cards In India

Samsung has announced the launch of its credit cards in India, which will enable its users to avail 10 per cent cashback across all Samsung products and services.

The South Korean electronics giant has entered a crowded credit card segment in partnership with Axis Bank, powered by Visa. The 10 per cent cashback offer through Samsung Axis Bank Credit Card will be over and above existing Samsung offers, on both EMI and non-EMI transactions too.

The 10 per cent cashback will be applicable across offline channels selling Samsung products through Pine Labs and Benow payment interfaces, as well as online on Samsung.com, Samsung Shop App and Flipkart, and at authorised Samsung Service Centers. 

The cashback benefit on Samsung Axis Bank Credit Card will be available all year round.

Consumers can choose between two variants – Visa Signature and Visa Infinite. 

On the Signature variant, cardholders can avail up to Rs 10,000 cashback annually, with a monthly cashback limit of Rs 2,500. On the Infinite variant, cardholders can avail up to Rs 20,000 cashback annually, with a monthly cashback limit of Rs 5,000. There is no minimum transaction value, which means cardholders can get 10 per cent cashback on the smallest of Samsung purchases. 

The annual fee for the Signature variant is Rs 500+taxes and for the Infinite variant is Rs 5,000+taxes.