Axis Bank
Axis Bank Freecharge Plus Credit Card
Annual Fee
₹589₹499 + GSTBase Reward
1% cashback
Foreign Markup
3.5% on all foreign currency spends.
Welcome Benefits
N/A
Product Highlights
- Unlimited 5% cash back on all Freecharge spends.
- 2% cashback on local commute.
- Up to 20% discount on dining.
- Spend-based waiver of the renewal fee.
- 1% fuel surcharge waiver on all fuel transactions.
Category Rewards
shopping
5% CashBack on Freecharge
5%
Fee Waiver
Waived on ₹50,000 annual spend
Merchant-Specific Rewards
Freecharge
5% cashback on Freecharge app/website transactions
Reward Calculator
Earns ₹2,411/year (net)
Modest gain. Solid hold if you like the perks.
₹13K
across all your buckets
₹3K
direct cashback
₹3K
via direct credit
Effective rate
1.92%
Annual fee
₹589
Year 1 net
+₹2,411
Year 2+ net
+₹2,411
ongoing
Adjust your spend by reward bucket
2 bucketsSurcharges & 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 5% cashback on all spends via Freecharge, 2% cashback on local commutes through Ola, Uber, etc., and 1% cashback on all other retail spends.
Redemption
Edge Reward Points can be redeemed at a rate of 1 RP = ₹0.20.
Benefits & Features
Get 20% off up to ₹500 on dining.
Pros & Cons
Pros
- 5% cashback on Freecharge spends.
- 2% cashback on local commutes.
- 20% discount on dining.
- Renewal fee waived on ₹50,000 annual spend.
Cons
- Cashback not applicable on transactions below ₹100.
- No cashback on fuel purchases, wallet reloads, cash withdrawals, EMI purchases, gift cards, jewellery purchases, and rental payments.
Additional Info
Excluded Categories
Partner Merchants
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
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Fees & Charges
Eligibility
Min Age
21 yrs
Networks
Fee Waiver
Waived on ₹50,000 annual spend