Current Context: On 3 September 2026, Axis Bank and travel-focused fintech Scapia launched the Scapia Axis Bank Credit Card, a co-branded travel credit card aimed mainly at young and digitally active travellers. The card combines payments, travel bookings and rewards through the Scapia app and is available on both Mastercard and RuPay networks.
Key Points
- Type: A co-branded travel credit card targeted at travellers and digitally active consumers.
- Card Networks: Available on both Mastercard and RuPay networks.
- Joining Fee: Nil.
- Annual Fee: Nil, making it a lifetime-free credit card.
- Travel Rewards: Cardholders can earn 20% rewards as Scapia Coins on eligible bookings of flights, hotels, experiences and e-commerce through the Scapia app.
- Mastercard Rewards: Users can earn 10% rewards as Scapia Coins on eligible online and offline spends made using the Mastercard variant.
- RuPay Rewards: The RuPay variant offers 5% rewards as Scapia Coins on eligible UPI, online and offline transactions of ₹500 or more.
- Forex Benefit: The card offers zero foreign-exchange markup on eligible international transactions, making it particularly useful for overseas travellers.
- Airport Benefits: Cardholders can unlock unlimited domestic airport lounge access, along with eligible dining, shopping or spa benefits, after spending ₹20,000 in the preceding month.
- Airport Spending Reward: Eligible airport purchases on the date of travel can earn up to ₹2,000 back as Scapia Coins.
- Fuel Benefit: The card provides a 1% fuel surcharge waiver on eligible fuel transactions.
- Rewards Redemption: Scapia Coins can be redeemed through the Scapia app for flights, hotels, experiences and other eligible travel-related purchases, without a stated redemption cap.
- Significance: The partnership expands Axis Bank’s presence in the fast-growing travel credit-card segment while allowing Scapia to reach a wider customer base through one of India’s major private-sector banks. The product is designed to combine everyday spending with travel rewards and international-payment benefits.
Question:
Q1. Which bank partnered with Scapia to launch the Scapia co-branded travel credit card in September 2026?a) HDFC Bank
b) ICICI Bank
c) Axis Bank
d) Kotak Mahindra Bank
Answer: c) Axis Bank and Scapia launched the Scapia Axis Bank Credit Card on 3 September 2026. The co-branded card is available on Mastercard and RuPay networks and offers features such as travel rewards, zero joining and annual fees, zero forex markup and airport privileges linked to eligible spending.
