Axis Bank MyZone Credit Card v. HDFC Swiggy Credit Card
In the ever-evolving landscape of credit cards, two offerings have recently caught the attention of savvy consumers: the Axis Bank Myzone Credit Card and the HDFC Swiggy Credit Card. Both cards cater to distinct lifestyle needs and offer a suite of benefits designed to enhance your spending experience. The Axis Bank Myzone Credit Card is tailored for those who prioritize entertainment and lifestyle perks, providing attractive rewards on movie tickets, dining, and shopping. On the other hand, the HDFC Swiggy Credit Card is a boon for food enthusiasts, particularly those who frequently order in, offering compelling cashback and discounts on Swiggy transactions.
Choosing the right credit card involves understanding how its features align with your spending habits. In this comparative review, we'll delve into the key aspects of both cards, including their reward structure, fees, additional perks, and potential drawbacks. By the end, you'll have a clearer picture of which card suits your lifestyle best, whether you're a movie buff, a dining-out aficionado, or a loyal Swiggy customer. Let’s explore how the Axis Bank Myzone Credit Card and HDFC Swiggy Credit Card stack up against each other and which one could become your next financial companion.
Comparing Axis Bank My Zone Credit Card with HDFC Swiggy Credit Card
In the competitive world of credit cards, choosing one that aligns with your spending habits and rewards preferences is crucial. Today, we're comparing two popular credit cards in India: the Axis Bank My Zone Credit Card and the HDFC Swiggy Credit Card.
Axis Bank My Zone Credit Card
The Axis Bank My Zone Credit Card is designed for those who enjoy entertainment and dining out. It offers a variety of benefits, such as:
Movie Benefits: Cardholders can enjoy a 'Buy One Get One Free' offer on movie tickets through Paytm Movies, with a monthly discount of up to ₹200.
Dining Offers: A flat ₹120 off on Swiggy orders, applicable twice a month, enhances the dining experience.
Lounge Access: Complimentary access to select airport lounges in India is available once per calendar quarter.
Reward Points: Earn four EDGE REWARD points for every ₹200 spent, excluding certain categories like fuel, insurance, and utilities.
Shopping Discounts: Offers include savings at AJIO and other retail partners.
Fuel Surcharge Waiver: A 1% fuel surcharge waiver across all fuel stations in India is included.
The card also provides a complimentary SonyLiv Premium annual subscription, which is a unique offering among credit cards.
Fees:
The Axis Bank My Zone Credit Card charges a standard joining fee and an annual fee of Rs. 500 each. However, the annual fee can be waived off if certain spending thresholds are met within a specified period.
Interest Rates:
The interest rate on the My Zone Credit Card is set at 3.6% per month, which amounts to an annual rate of 43.2%. This rate applies to both retail purchases and cash withdrawals.
Reward Structures:
The My Zone Credit Card offers a variety of rewards, including four EDGE REWARD points for every Rs. 200 spent using the card. However, no reward points are earned on movie transactions, fuel, insurance, wallet, rent, utilities, jewelry, education, government institutions, and EMI transactions. Additionally, cardholders can enjoy benefits such as discounts on movie tickets, complimentary lounge access, and instant discounts on Swiggy orders.
HDFC Swiggy Credit Card
The HDFC Swiggy Credit Card, on the other hand, is tailored for food delivery enthusiasts and frequent online shoppers. Its benefits include:
Cashback on Swiggy: A 10% cashback on Swiggy app spends, including food ordering, Instamart, Dineout, and Genie services.
Online Spends: A 5% cashback on online spending across various e-commerce platforms.
Other Categories: A 1% cashback on spends in other categories.
Swiggy One Membership: Complimentary Swiggy One Membership for three months upon card activation, which offers free deliveries and exclusive discounts.
Zero Liability: Zero lost card liability ensures safety against fraudulent transactions.
The card also boasts an interest-free credit period of up to 50 days, which can be quite beneficial for managing finances.
Fees:
The HDFC Swiggy Credit Card also comes with a joining fee and an annual renewal fee of Rs. 500 each. Similar to the Axis Bank card, the renewal fee can be waived if the cardholder spends Rs. 2,00,000 or more in a year before the credit card renewal date.
Interest Rates:
The HDFC Swiggy Credit Card offers an interest-free credit period of up to 50 days from the date of purchase, subject to the submission of the charge by the merchant. The revolving credit feature is available at a nominal interest rate, although the exact percentage is not specified in the available data.
Reward Structures:
The HDFC Swiggy Credit Card provides a 10% cashback on Swiggy application (Food ordering, Instamart, Dineout & Genie), 5% cashback on online spends across online MCCs, and 1% cashback on other categories. Additionally, cardholders receive a complimentary Swiggy One Membership for 3 months upon card activation, which offers unlimited benefits across restaurants, Instamart, and Genie orders on Swiggy, including free delivery and exclusive discounts from select restaurants.
Both cards offer distinct advantages. The Axis Bank My Zone Credit Card is a good fit for movie buffs and those who prefer lounge access during travel. The HDFC Swiggy Credit Card is ideal for individuals who frequently order food online and are looking for cashback on their spends.
Both cards offer compelling benefits for food enthusiasts, with the Axis Bank My Zone Credit Card focusing more on reward points and entertainment benefits, while the HDFC Swiggy Credit Card emphasizes cashback and a complimentary Swiggy One Membership. The choice between the two would depend on the individual's spending habits and preferences. Those who prefer accumulating points might lean towards the Axis Bank My Zone Credit Card, while those who value cashback and immediate discounts on food orders might find the HDFC Swiggy Credit Card more appealing.
FAQs
Axis Bank My Zone Credit Card
Q: What are the benefits of the Axis Bank My Zone Credit Card?
The Axis Bank My Zone Credit Card offers benefits for spending in various categories like shopping, dining, and entertainment. You can get discounts on Swiggy, enjoy complimentary SonyLIV membership, and earn rewards points on purchases. There's also a fuel surcharge waiver and the option to convert purchases into EMIs.
Q: Is there an annual fee for the Axis Bank My Zone Credit Card?
Yes, there is an annual fee associated with the Axis Bank My Zone Credit Card. You can find the exact amount on the Axis Bank website or by contacting the bank directly.
Q: What kind of rewards do I earn with the Axis Bank My Zone Credit Card?
The Axis Bank My Zone Credit Card offers EDGE rewards points on your spending. These points can be redeemed for various rewards like vouchers, merchandise, or even statement credit.
Q: Are there any discounts available for online shopping with the Axis Bank My Zone Credit Card?
Yes, the Axis Bank My Zone Credit Card offers exclusive discounts on popular websites like AJIO. You can also get discounts on Swiggy food orders.
Q: Does the Axis Bank My Zone Credit Card offer any travel benefits?
No, the Axis Bank My Zone Credit Card does not offer any specific travel benefits like airport lounge access or travel insurance.
Q: Are there any requirements for getting the Axis Bank My Zone Credit Card?
Yes, you will need to meet certain eligibility criteria to apply for the Axis Bank My Zone Credit Card. This typically includes having a minimum salary and a good credit score.
Q: How can I apply for the Axis Bank My Zone Credit Card?
You can apply for the Axis Bank My Zone Credit Card online through the Axis Bank website or by visiting a branch.
Q: What are the charges for using the Axis Bank My Zone Credit Card for cash withdrawals?
A cash withdrawal fee applies when you use your Axis Bank My Zone Credit Card to withdraw cash from an ATM. You can find the exact fee amount on our website.
Q: Is there a limit on how much I can spend with the Axis Bank My Zone Credit Card?
Yes, your credit limit will determine your spending limit with the Axis Bank My Zone Credit Card. The credit limit is assigned based on your income and creditworthiness.
Q: How do I make payments for my Axis Bank My Zone Credit Card?
You can make payments for your Axis Bank My Zone Credit Card online through internet banking, mobile banking, or by depositing cash at a branch.
HDFC Swiggy Credit Card
Q: What are the benefits of the HDFC Swiggy Credit Card?
The HDFC Swiggy Credit Card offers a 10% cashback on Swiggy spends (food ordering, Instamart, Dineout & Genie) along with 5% cashback on various online spends and 1% cashback on other transactions. You also get a complimentary 3-month Swiggy One membership for free deliveries and discounts.
Q: What is the annual fee for the HDFC Swiggy Credit Card?
There is a joining fee of ₹500 and an annual fee of ₹500 (waived off if your total spends exceeds ₹2,00,000 in a year).
Q: Is there a limit on the cashback I can earn with the HDFC Swiggy Credit Card?
Yes, there are monthly cashback limits. You can earn a maximum of ₹1500 cashback per month on Swiggy spends (10% category), ₹1500 cashback on online spends (5% category), and ₹500 cashback on other spends (1% category).
Q: How do I activate my HDFC Swiggy Credit Card?
You can activate your card through the Swiggy app, HDFC Bank website, or by calling their customer care.
Q: What is the welcome benefit for the HDFC Swiggy Credit Card?
You get a complimentary 3-month Swiggy One membership that provides free deliveries and exclusive discounts on Swiggy.
Q: Are there any exclusions on the cashback earned with the HDFC Swiggy Credit Card?
Cashback is not offered on rent, utilities, fuel, insurance, EMI payments, jewelry, government spends, wallet loads, flight and hotel bookings (for 5% category).
Q: Does the HDFC Swiggy Credit Card offer any other benefits?
Yes, the card offers zero lost card liability, a contactless payment option, and allows you to convert purchases into EMIs.
Q: How can I redeem my Swiggy Money earned with the HDFC Swiggy Credit Card?
Swiggy Money earned through the card can be redeemed directly while placing orders on the Swiggy app.
Q: What documents are required to apply for the HDFC Swiggy Credit Card?
The documents required may vary depending on your profile, but typically include ID proof, address proof, and income proof.
Q: Where can I find more information about the HDFC Swiggy Credit Card?
You can visit our website, https://www.myrupaya.in/product-category/credit-card.
Comments