Samsung, which claims to be India’s largest consumer electronics company, and Axis Bank, India’s third largest private sector bank, have partnered “to launch an exclusive co- branded credit card, powered by Visa.”
With the Samsung Axis Bank Credit Card, consumers will “get 10% cashback across all Samsung products and services round the year.” As an additional point of delight for consumers, the 10% cashback offer through Samsung Axis Bank Credit Card “will be over and above existing Samsung offers, on both EMI and non-EMI transactions.”
Ken Kang, President and CEO, Samsung South-West Asia, said:
“At Samsung, we believe in transforming the lives of our consumers through the power of innovation. The Samsung Axis Bank Credit Card, powered by Visa, is our next big India-specific innovation that will change the way our customers buy Samsung products and spend on services through a series of industry-leading features. We’re excited to be able to put the control into our consumers’ hands.”
Amitabh Chaudhry, MD and CEO, Axis Bank, said:
“Axis Bank is a full suite cards and payments player, and we continue to build on innovation led partnership models. Our focus is to offer product propositions that cater to our customers’ ever evolving needs and give them a seamless experience. Through this co-branded credit card, in partnership with Samsung India and Visa, we are reiterating our commitment to drive access to formal credit in India, tapping the wide reach of Samsung India that extends beyond top 10 cities and aids our objective of card penetration into tier 2 & 3 cities.”
Sandeep Ghosh, Group Country Manager, India and South Asia, Visa, said:
“Consumers today seek the best value from all type of purchases. Our research shows that 3 out of 4 Indian consumers buy at least one electronic appliance or device every year and spend around INR 40000 on electronics annually1. We are delighted to partner with Samsung and Axis Bank to introduce a credit card with a strong proposition and great value on home appliances as well as lifestyle goods.”
With the Samsung Axis Bank Credit Card, consumers will “get 10% cashback across all Samsung products and services round the year.”
As noted in the update, the Samsung Axis Bank Credit Card is “designed to reward consumers every time they use their card to buy Samsung products and services.”
Consumers will “get 10% cashback when they purchase products such as smartphones, tablets, laptops, televisions, refrigerators, ACs, washing machines or Samsung services such as Service Center payments, Samsung Care+ mobile protection plans and extended warranties.”
The 10% cashback on Samsung Axis Bank Credit Card “will be over and above ongoing offers on both EMI/Non-EMI purchases.”
The 10% 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 authorized Samsung Service Centers.”
To add to the excitement, the 10% cashback benefit on Samsung Axis Bank Credit Card “will be available all year round.”
For more details on this update, check here.