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Source: The Hindu BusinessLine

The Hindu BusinessLine
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Banking Sector
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1 min
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04 Sept
Published
Banking Sector
1 min read· The Hindu BusinessLine

Axis Bank and Scapia roll out travel card with no annual fee

Axis Bank has launched a travel credit card with fintech partner Scapia. It carries neither a joining charge nor an annual fee, and foreign-currency spending attracts zero forex markup.

The co-branded card comes on Mastercard and RuPay networks and targets Indian travellers comfortable managing finances digitally. Customer onboarding began on September 3. Airport lounge access and dining offers are among its benefits, alongside the absence of a foreign exchange markup.

Users can handle the card through Scapia’s mobile app, which also supports trip discovery, planning, and flight and hotel bookings. The product brings travel services and payments into one app rather than treating the card only as a way to settle purchases.

Rewards are issued as Scapia Coins. The reported offer includes rewards of up to 20% for travel bookings and 10% for everyday spending through the app. Customers can redeem these coins towards flights, accommodation and visa fees. Detailed reward conditions and lounge-access requirements have not been stated in the supplied report.

Axis Bank Group Head Arnika Dixit described the partnership as a way to connect payments with customers’ wider travel needs. For Scapia, this is its third major banking tie-up, following Federal Bank and BOBCARD. Scapia CEO Anil Goteti said its users had visited over 175 countries, with the Axis partnership intended to broaden its reach across India.

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Source: The Hindu BusinessLine