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Axis Bank: Gift Card: Pros And Disadvantages Of Gift Cards

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It can be tough to find the right gift for different people on festivals, birthdays, and other special occasions. A preloaded gift card from a reputed bank can be one of the best alternatives for you. You will not have to spend a lot of time driving to retail stores and find gifts for different people with different tastes. Buying a gift has never been easier ever since the introduction of gift cards.

Axis Bank offers a non-reloadable magnetic-strip based gift cards for its customers. This gift card can be used both at online portals as well as merchant outlets that accept VISA cards. This card has one-year validity and can be loaded for Rs. 500 to Rs. 50,000. The customers can buy a physical card or an e-gift card. The Axis Bank gift cards …show more content…

It is available off-the-shelf at all Axis Bank branches also around the country.

• It is not essential to hold an account with Axis Bank to buy a gift card from them. Anyone can visit an Axis Bank branch to buy the gift card.

• After the card reaches zero balance, the user can save it as a memento of the priceless gift. They can also dispose it off by cutting it in four parts and hand it over to the bank.

• You can use the Axis Bank gift card to pay for any kind of shopping including fashion, grocery, electronics, travel, etc. purchases. All these payments can be made at any of the Verified by Visa (VBV) certified merchant outlets or websites.

• This gift card can be swiped at Axis Bank ATMs or merchant outlets for the amount of Rs. 20,000 or the balance available in the card, whichever is lower.

• You can also buy a virtual gift card, also known as an e-gift card, from Axis Bank to deliver it electronically to someone. This card is sent instantly to the chosen email id and can be used from the next day onwards.

• It is easy to check the balance in your Axis Bank gift card through both ATM and internet banking facilities. All details including passwords required to operate the internet banking, telebanking and ATM account are sent in the gift card …show more content…

Users can save the card as a memento or destroy it by cutting it in four pieces. You can also apply to the bank for redemption if there is some balance in the card after it expires.

• Lost or stolen Axis Bank gift cards can be replaced easily. The customer must visit the nearest Axis Bank branch and submit a copy of the FIR lodged with the police for the lost or stolen card. The bank hotlists the card and repays the balance of the lost or stolen card to the new card after deducting the replacement charges.

Benefits of Axis Bank Gift Cards
Whether you opt for a physical or a virtual gift card, there are plenty of benefits of buying it from Axis bank. A few of the major benefits of Axis Bank gift cards are listed here.

• The Axis Bank gift card is a prepaid non-reloadable card that can be used to shop at any of the VISA-enabled online merchants and retail stores across the country.
• It also comes in an electronic form and this e-gift card can be used to carry out online transactions just like a physical gift card.
• The Axis Bank gift card comes in a gift card kit that contains the ATM, net banking as well as telebanking PIN. The customers can use this information to check the card balance at any point of

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