Samsung Infinite also comes under Axe(s):
Major changes wef 20th Dec:
Time to do khatam, tata tata, bye bye to a lot of paid cards.
Major changes wef 20th Dec:
- Interest charges will be revised to 3.75% per month.
- The auto debit reversal or cheque return fee will be 2% of the payment amount, with a minimum fee of INR 500 and no maximum cap on the fee.
- The fee for cash payments at branches will be revised to INR 175.
- The current late payment fee structure continues to apply. An additional INR 100 charge will be levied if the 'Minimum Amount Due (MAD)' is not paid for two consecutive cycles and will apply until the MAD is cleared.
- Dynamic Currency Conversion (DCC) markup will be revised to 1.5%.
- Access to international airport lounges in India and globally will continue through your Priority Pass membership. View the list of participating lounges here.
- Domestic airport lounge access will no longer be available with Priority Pass but select lounges can be accessed with your credit card. View the list here.
- Rent transactions will incur a 1% transaction fee with the cap of INR 1,500 removed.
- A redemption fee of INR 99 will apply per transaction on the EDGE REWARDS platform.
- A fee of INR 199 will be charged per transaction for converting or transferring EDGE REWARD Points to partner loyalty programs.
- A transaction fee of 1% will be applicable on education payments made via third-party apps. However, payments and transactions made directly through education institutional websites or their POS machines will not incur this fees.
- Cumulative spends exceeding INR 10,000 on wallet loads, INR 50,000 on fuel, INR 25,000 on utilities, and INR 10,000 on online skill-based gaming platforms within a statement period will attract a 1% transaction fee.
- Samsung product purchases on Flipkart platform will not qualify for 10% cashback. You can continue to enjoy 10% cashback* on Samsung purchases made through the following channels-Samsung eStore and Samsung Shop App, Physical stores under 'Brand EMI' (Pinelabs terminals & Benow POS), Amazon and Samsung service centers (PayU POS).
Time to do khatam, tata tata, bye bye to a lot of paid cards.
