5% cashback on EMI or 5x Reward Points on Non EMI
*Terms and conditions apply. Effective Monthly Cost for the customer is computed on the MRP of the product, basis the low cost EMI on 24 month tenure and is inclusive of the additional 5% cashback on Axis Bank Credit Card and Citi Credit Card. GST will be applicable on interest component of the EMI and will be over and above the Effective Monthly Cost mentioned above.
#The additional 5% cashback offer is applicable only on 12 and 24 month tenure EMI transactions on Axis Bank Credit Card and Citi Credit Card. The offer of 5x reward points is applicable on non-EMI transactions on Axis Bank Credit Card and Citi Credit Card. These offers are valid for transactions made using Brand EMI option on Pine Labs terminals. Additional cashback is valid over and above the best available price at the store. The cashback shall be credited on or before 150 business days from the date of transaction on a best effort basis to all open and active card members’ accounts only. Product features vary by model. The offer may be revised or withdrawn without any prior notice. Limited period offers.
Available on the credit cards of the following: Axis Bank and Citi. Also available on Axis Bank Debit Cards (12 months tenure only, will be extended to 24 month with the next few weeks)
Note: Only2 transactions per card allowed during the offer period.
1. What details will the Pinelabs charge-slip contain?
Entries on the Charge-slip (as it will appear in the actual charge-slip): Modeled on iPhone Xs 64GB
a) For Citi and Axis card transactions on all other cards
# You are entitled for an additional cashback of 5% on your Citi credit card. It will be posted in Customer account within 150 days.
2. How is Effective Monthly Cost calculated for transactions on Cards ?
Sample calculation for Effective Monthly Cost, basis the above charge-slip example:
Effective Monthly Cost = [((EMI x Tenure) - (Merchant Payback Amount + Additional 5% Cashback)) / (Tenure)]
Effective Monthly Cost = [((4749 x 24) - (1009+4995)) / (24)] = 4499
Overall cost for the customer = 4499 x 24 = 107982
3. What are the Effective Monthly Cost for all the SKUs under this offer ?
Please refer to attached document for the details on effective monthly costs for all the SKUs (and variants). This list is by Bank (for Credit and Debit cards), as the interest rates are different. The same has been configured at Pinelabs
4. What will be the offers/schemes running on the TRANSACT ?
In addition to the above mentioned schemes, there will be one additional scheme on unsecured financing running on the TRANSACT platform:
i) Citi : 1-0-12 (i.e. 12|1) : One EMI DP - Low Cost EMI - 12 month tenure
Please note that these schemes will only be eligible for transactions completed on the TRANSACT platform.
Super Retina display (OLED) with HDR1
resistant (maximum depth of 2 meters up to 30 minutes)
with dual OIS and 7MP TrueDepth front camera—Portrait mode, Portrait Lighting, Depth Control, and Smart HDR
for secure authentication
with next-generation Neural Engine
works with Qi chargers4
with Memoji, Screen Time, Siri Shortcuts, and Group FaceTime5