Axis Bank has launched a new Debit Card called display debit card for it’s NRE customers.
Though other account holders can also opt for this by paying relevant fees.
First let’s talk about benefits of this card:
1,00,000 atm withdrawl limit
4,00,000 pos shopping limit
No Atm fees at any international ATM worldwide(3.5% forex fees still applies)
Ironically for domestic atm 10 only transactions free at other banks.
Personal Accident Insurance Cover of Rs. 10 lakhs(must have used card at pos in last 180days)
Air Accident Insurance Cover of Rs. 1 Crore(Must have brought air tickets for said travel using card)
2 points/4points for every Rs. 200 spent on domestic/international shopping resp.
Now the fees: One time Rs.999+gst from second year Rs.500+gst per year.
Only recommend if you don’t want to change from Axis bank else for international transaction better cards are there like Indusind Bank exclusive signature card which charge zero markup fees.