Financial Insights

Airtel partners with Axis bank to launch co-branded credit card

Bharti Airtel announced the launch of a credit card which it was launching in partnership with Axis Bank with “industry leading benefits” for the massive customer base of Airtel.

The “Airtel Axis Bank Credit Card” will offer various benefits like cashbacks, special discounts, digital vouchers, etc. The users of the card can also get various rewards on their card usage, including a 25% cashback on Airtel Mobile/DTH recharges (including Black and Xstream), 10% cashback on payment of utilities’ bills, 10% cashback on merchant spends like Zomato, Swiggy, Bigbasket, etc. and a 1% cashback on all other spends. Users of the card will pay a nominal amount of Rs 500 initially and receive a Rs 500 gift voucher for Amazon within 30 days of card issuance.

“Through this win-win telco-bank partnership, Airtel customers will get access to Axis Bank’s world-class financial services portfolio and exclusive benefits, while Axis Bank will benefit from Airtel’s strong digital capabilities and deep distribution reach.” said Mr. Gopal Vittal, MD & CEO of Airtel (India & South Asia).

“This is a one-of-a-kind collaboration which will help widen the access to credit and various digital financial offerings from Axis bank for Airtel’s customers.” said Mr. Amitabh Chaudhary, MD & CEO of Axis Bank.

Highlight by Aman Agarwal.

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