Indian private sector lender Axis Bank in collaboration with online retailer Flipkart has launched a new credit card for online shoppers.

The new offering, called Axis Bank Buzz Credit Card, provides enhanced rewards and benefits to online shoppers who make payments using the card.

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Cardholders will get a Flipkart voucher ranging from INR1,000 ($15) to INR7,000 ($105) and an exclusive discount of 5% at Flipkart throughout the year.

In addition, customers are also entitled to a minimum of 15% discount at more than 5,000 restaurants across the country.

The card will also offer price protection coverage to ensure that the cardholders have to pay minimum amount.

Axis Bank head of cards and payments business Sangram Singh said: “We, at Axis Bank, consistently strive to offer value to our customers and tying up with an Industry pioneer like Flipkart does exactly that for our online savvy customers.

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“The Axis Bank Buzz credit card is a contactless enabled card designed to ensure a delightful experience for online shoppers with benefits like round the year discounts and accelerated rewards on online spends to name a few.”

Flipkart head of category design organisation Kalyan Krishnamurthy said: "With the economy turning digital and payment through cash being replaced with on-the-go mobile banking; Flipkart’s partnership with Axis bank will provide customers with a host of benefits during this festive season.

“The Axis BUZZ Card will not only entitle the customers to extra discounts, but they will also provide accelerated reward points and Flipkart Gift vouchers for shopping online.

“At Flipkart, we have constantly worked towards innovation and bringing maximum value to our customers. This collaboration will further enhance the customer shopping experience.”