Samsung and Axis Bank have partnered to launch a co-branded credit card, powered by Visa.

The card will allow consumers to get 10% cashback across all Samsung products and services round the year. This cashback will be over and above existing Samsung offers, on both EMI and non-EMI transactions.

"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," said Axis Bank managing director and CEO Amitabh Chaudhry.

 The cashback will be available on all Samsung products, including smartphones, tablets, laptops, televisions, refrigerators, ACs, and washing machines. It will also be eligible for Samsung services like service center payments, Samsung Care+ mobile protection plans, and extended warranties.

 The cashback will be applicable online on Samsung web portal, Samsung shopping app, and Flipkart. It will also be applicable at offline channels selling Samsung products through Pine Labs and Benow payment interfaces. It can also be availed at authorised Samsung Service Centers.

The card has two variants to choose from. The Visa Signature customers are eligible to avail of up to Rs 10,000 cashback per annum with a monthly cashback limit of Rs 2,500. For those opting for Visa Infinite, an annual cashback of Rs 20,000 is allowed with a monthly limit of Rs 5,000. There is no minimum transaction value in either of the cards, which means cardholders can get 10% cashback on the smallest of Samsung purchases. Additionally, cardholders will earn Edge Reward Points on spends made outside the Samsung Ecosystem.

The cards also come with complimentary airport lounge access, fuel surcharge waiver and dining offers to the customers.

The annual fee for the Signature variant is Rs 500 (excluding taxes) and for the Infinite variant Rs 5,000 (excluding taxes).