HomeCredit CardsAxis Bank Freecharge Credit Card
Axis Bank Freecharge Credit Card

Axis Bank

Axis Bank Freecharge Credit Card

visaclassiccreditshoppingonline

Annual Fee

Lifetime Free

Base Reward

1% cashback

Foreign Markup

3.5% of the transacted amount

Apply Now
4.4/5
VerifiedLast updated 26 May 2026

Welcome Benefits

N/A

Product Highlights

  • Get the virtual credit card instantly on the Freecharge app.
  • Welcome gift vouchers worth up to ₹700.
  • Earn 1% cashback on all your spends.
  • 5% cashback on your spends on the Freecharge app.

Category Rewards

shopping

1% CashBack

1%

Specialty

5% CashBack on Freecharge

5%

Fee Waiver

Waived on ₹50,000 annual spend

Merchant-Specific Rewards

Freecharge

Freecharge

5% cashback on Freecharge app/website (unlimited, no cap)

5%
Ola

Ola

2% cashback on local commute (Ola/Uber and similar)

2%
Uber

Uber

2% cashback on local commute (Ola/Uber and similar)

2%

Reward Calculator

Earns ₹3,720/year (net)

Modest gain. Solid hold if you like the perks.

Monthly spend

₹16K

across all your buckets

Cashback / yr

₹3.7K

direct cashback

Direct value

₹3.7K

via direct credit

Effective rate

1.94%

Annual fee

FREE

Year 1 net

+₹3,720

Year 2+ net

+₹3,720

ongoing

Adjust your spend by reward bucket

3 buckets
5.00%5% cashback on Freecharge app/website (unlimited, no cap)
₹3,000/mo
Earns ₹150 / mo≈ ₹150 worth/mo
2.00%2% cashback on local commute (Ola/Uber and similar)
₹3,000/mo
Earns ₹60 / mo≈ ₹60 worth/mo
1.00%All other spends
₹10,000/mo
Earns ₹100 / mo≈ ₹100 worth/mo

Surcharges & Exclusions

Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.

Rent payment surcharge

1%

Charged on every rent transaction via CRED / NoBroker / Magicbricks / etc.

Wallet load surcharge

1%

Kicks in after ₹10,000 cumulative wallet loads/cycle (Paytm, PhonePe, Mobikwik)

Utility payment surcharge

1%

Kicks in after ₹25,000 cumulative utility spends/cycle

Foreign exchange markup

3.5%

Charged on every international (non-INR) transaction

Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.

Rewards Details

Earn 1% cashback on all spends and 5% cashback on spends on the Freecharge app.

Redemption

1 EDGE Reward Point = ₹0.20 against statement

Benefits & Features

Up to ₹100 credit every month on Shuttl.

Pros & Cons

Pros

  • Low joining fee of ₹250
  • 5% cashback on Freecharge app
  • 1% cashback on all other spends
  • Waiver of annual fee on ₹50,000 spend

Cons

  • No lounge access
  • Limited to Freecharge app for higher cashback
  • No insurance benefits

Additional Info

Important note 1

Note 2

Excluded Categories

fuelrent

Partner Merchants

Freecharge

Ready to apply?

Apply directly on the bank's official website. Quick approval, no hidden steps.

Apply Now

Official bank website · Secure

Fees & Charges

Annual Fee₹250
Joining Fee₹250 + GST
Fee WaiverWaived on ₹50,000 annual spend
Foreign Markup3.5% of the transacted amount
Interest Rate3.6% per month
Cash Advance3.5% of the amount withdrawn or ₹250 (whichever is higher)

Eligibility

Min Age

21 yrs

Networks

visa