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select_finology Profile picture
@Select_Finology
Apr 28 • 7 tweets • 2 min read Twitter logo Read on Twitter
Credit Cards added by #AxisBank💳

Oct'22 2,61,367
Nov'22 2,07,825
Dec'22 1,49,006
Jan'23 1,42,238
Feb'23 2,00,545
Mar'23 23,41,372

11x growth of Axis Bank Credit Cards after the Citi Deal.🚀

Here are top 5 AxisBank cards that you should get now👇
1. Axis Bank Ace Credit Card

• Joining Fee: ₹499
• Annual Fee: ₹499

• Best For: Cashback💸

What you'll love⤵

• 5% Cashback on Bill Payments.
• 4% on Swiggy, Zomato & Ola.
• 2% on all other spends.
• No Upper Limit on Cashback.
2. Flipkart Axis Bank Credit Card

• Joining Fee: ₹500
• Annual Fee: ₹500

• Best For: Cashback💸

What you'll love⤵

• 5% Cashback on Flipkart & Myntra
• 4% on Preferred Merchants.
• 1.5% on all other spends.
3. Axis Bank Neo Credit Card

• Joining Fee: ₹250
• Annual Fee: ₹250

• Best For: Lifestyle

What you'll love⤵

• Amazon Gift voucher worth ₹250
• Zomato Voucher with ₹200.
• 6 Month subscription of Pharmeasy.
• 5% off on recharges.
• 10% off on Myntra.
4. Indian Oil Axis Bank Credit Card

• Joining Fee: ₹500
• Annual Fee: ₹500

• Best For: Fuel Saving

What you'll love⤵

• 100% Cashback up to ₹250 on first fuel transaction.
• 4% valueback by earning 20 Reward Points per ₹100 spent.
• 1% valueback on online shopping
5. Axis Bank Privilege Credit Card

• Joining Fee: ₹1500
• Annual Fee: ₹1500

• Best For: Lifestyle

What you'll love⤵

• 12500 Edge Reward Points worth ₹5000
• 2 Complimentary Domestic Airport Lounge Access
• ₹1000 off in Dining Experiences
Unlock the power of Axis Bank credit cards by applying today.

Link: clctab.axisbank.co.in/DigitalChannel…

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More from @Select_Finology

select_finology Profile picture
Apr 29
Market share of MasterCard in India💳

2016 29%
2017 33%
2018 34%
2019 31%
2020 36%
2021 30%

Visa & Mastercard own 90% of India's credit card market.🤯

Have you ever wondered how they make money?

Here's a thread that'll explain it🧵 Image
First things First!

• What does Visa and Mastercard mean?

⏩Visa and Mastercard operate global payment networks that connect financial institutions and merchants worldwide.

⏩Both companies provide payment products and services to help people make transactions with ease.
Now, How do Mastercard and Visa make money? ⤵

• While these two companies don’t extend or issue any cards, they do partner with banks to offer products, including credit, debit, and prepaid card options.

So, how do they work?
Read 15 tweets
select_finology Profile picture
Apr 27
Did you Know?

• Launched in 2018, Amazon Pay ICICI Credit card has more than 3 M users.💳
• It holds 30% of ICICI's entire credit card portfolio🤯

With its innovative features and benefits, it is making a big impact.

Let's dive deeper into what makes the card so popular 👇 Image
1. Its Lifetime Free 🤩

• This implies that the card attracts no annual charges and is an easy-to-use basic card for people who would like to shop from Amazon.
2. Welcome Bonus🎁

• For Prime Members- Rewards worth ₹2000
• For Non-Prime Members- Rewards worth ₹1500 +
3 months Prime membership
Read 8 tweets
select_finology Profile picture
Apr 25
Did you Know?

• Flipkart Axis Bank credit card has more than 3.5 M users.💳
• It holds 38% of Axis Bank's entire credit card business.🤯

A super credit card with many advantages.

Here's a detailed breakdown of its features ⤵ Image
1. Sign-up benefits

• Flipkart voucher worth ₹500 on the first transaction with credit card.
• 15% cashback up to ₹500 on first transaction on Myntra using Flipkart Axis Bank credit card.
• 50% instant discount up to ₹100 on 1st Swiggy order. Use code - AXISFKNEW
2. Cashback Benefits

• 5% Cashback on Flipkart and Myntra
• 4% Cashback on Preferred Merchants.
Read 8 tweets
select_finology Profile picture
Apr 13
In India, only 4 out of 100 people have credit cards.🤯

In other countries, this number is high📊

🇺🇸 USA 340
🇧🇷 Brazil 132
🇬🇧 UK 92
🇨🇳 China 55
🇮🇳 India 4

Here are 5 reasons why credit card penetration remains low ⤵
1. Lack of awareness

Many people do not know the benefits of credit cards.

→ Cashback rewards
→ Discounts
→ Protection against fraudulent transactions
→ Rewards points

Banks need to invest in educating the public.
2. Fear of credit

People are afraid of getting into debt.

Many do not understand that credit is a tool that can be used to build wealth.

Credit can be used to start businesses, invest in stocks or real estate, or pay for education.
Read 7 tweets
select_finology Profile picture
Apr 12
Number of Credit Card Complaints over the years💳

FY15 7472
FY16 8740
FY17 8297
FY18 12647
FY19 13274
FY20 28713
FY21 40721
FY22 32162

Have you ever logged a complaint for your card? 🤔

Let's decode 5 common types of complaints registered ⤵
1) Charges without prior notice.

Root Cause: Lack of awareness among customers regarding the general terms and conditions of usage of credit cards such as:

• Minimum amount due
• Due date
• Billing cycle
• Total outstanding balance
• Impact on CIBIL score
2) Fraudulent transactions in undelivered Credit Cards.

Root Cause:

• Re-issuing pre-activated Credit Cards
• Billing of undelivered/ returned Credit Cards.
Read 7 tweets
select_finology Profile picture
Apr 11
UPI vs Credit Cards ⚔️

Feb 2017 -
• UPI - 1,900 Cr
• Credit Cards - 28,740 Cr

Feb 2023 -
• UPI - 12.3 Lakh Cr
• Credit Card - 11.9 Lakh Cr

The two payment technologies are duelling for the same space

Here's why credit cards are growing ⤵️
1/5
 It's largely due to reward points 🏆

In recent years, banks and credit card companies have been offering more and more lucrative reward programs to attract customers to use their cards 🤩
2/5
 These rewards can include cashback, discounts on purchases, travel perks, and more ✈️

Many customers find the promise of these rewards too good to skip and are using their credit cards more often to earn them 🛍️
Read 7 tweets

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