Axis Bank Launches India's First Numberless Credit Card, Here's All You Need To Know

One of India's largest private sector banks, Axis Bank, has partnered with fintech Fibe (formerly known as EarlySalary) to launch?India’s first-ever numberless credit card for tech-savvy Gen Zs.

But how does a numberless?credit card?look and work? Read on to find out.

What Does A Numberless Credit Card Look Like?

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Axis Bank and Fibe have come up with a unique product where the credit card has gone numberless. On this new credit card, there will be no card number, expiration date, or CVV printed on the plastic card.?In fact, the plastic card will have only the embedded chip. However, you can go to the Fibe mobile application and access the credit card details. This adds an extra layer of security for customers, claims Fibe, as per the ET report.

Also Read;?Why CEO Tim Cook Was Almost Denied An Apple?Credit Card

How Does It Work?

"This move reduces the risk of identity theft or unauthorised access to customer's card details, ensuring absolute security and privacy," says the bank. "This numberless Axis Bank?card will prioritise the security of our customers," says Sanjeev Moghe, President & Head, Cards & Payments, at Axis Bank.

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Also Read:?Warning Signs Of Approaching A?Credit Card?Debt Trap

What Are Its Features?

The numberless?credit card?offers a cashback of 3% on "online food delivery across all restaurant aggregators, local commute on leading ride-hailing apps, and entertainment on online ticketing platforms." Further, you will get a cashback of 1% on all online and offline transactions, the bank mentions. The total amount of cashback is restricted to Rs 1500 per month, as per the bank.

Moreover, this new credit card is powered by RuPay. So?you can link this credit card to any Unified Payments Interface (UPI)?applications and use it for various payments.

Some of the other features of this card include access to four domestic airport lounges per quarter and a fuel surcharge waiver for fuel spends between Rs. 400 and Rs. 5,000 as well as the added advantage of Axis Dining Delights, Wednesday Delights, End of Season Sales, and RuPay portfolio offerings available across all their cards.

Where Can You Get The Numberless Card?

This card will be available to Fibe’s customers on the app, Fibe says. The new Axis Bank-Fibe co-branded credit card has zero joining fee and zero annual fee for a lifetime, the bank says.

"We aim to empower our users with a safe and secure payment ecosystem clubbed with the convenience of?UPI?payments, thereby establishing a fresh benchmark in the credit card industry," says Akshay Mehrotra, co-founder and CEO of fintech Fibe.

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