Axis Bank Cashback Credit Card
Cashback
Online Shopping
1st Year Fee: ₹1,000* Plus Applicable Taxes
Entry-Level
Annual fee of Rs. 1,000
Cashback
Up to 7% value-back
Dining
25% off on EazyDiner
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About Axis Cashback Credit Card
Axis Bank Cashback Credit Card offers enhanced benefits of up to 7% cashback. It includes perks across multiple categories, such as travel, utility spends and others, but primarily focuses on online shopping – making it a suitable choice for those who prefer online brands and portals for their shopping over offline stores. This card is considered to be the successor to the previously popular Citi Cashback Credit Card. However, it works on a different structure – a tier-based cashback structure where users are rewarded based on their monthly spends. Read on to find out more about this card.
Note: This card is not available on Paisabazaar.com. Content on this page is for information purposes only.
Cashback Program
Cardholders can earn a cashback1 of up to 7% on online spends (up to Rs. 4,000 per month) as per the below details:
Cashback on Online Spends
- 2% cashback on monthly online spends of up to Rs. 5,000 (Max. Rs. 100)
- 5% cashback on monthly online spends between Rs. 5,001 to Rs. 40,000 (Rs. 1,750)
- 7% cashback on monthly online spends above Rs. 40,000 ( Rs. 2,150)
Cashback on Other Spends
- Unlimited 0.75% cashback on offline & travel spends
- 0.5% cashback on utility spends, up to Rs. 100 in a month
Other Features & Benefits
- Activation:
5,000 EDGE reward points worth Rs. 1,000 on the first spend within 30 days of card issuance, value of 1 EDGE Reward Point = Re. 0.20. - Dining:
25% off on EazyDiner (Max. Rs. 800 per month) on a minimum spend of Rs. 2,500.2
- Fee Waiver:
Annual fee waiver on spends of Rs. 4 Lakh in the previous anniversary year.3
Axis Cashback: Fees & Charges
| Fee Type | Amount | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 1,000 | ||||||||||
| Annual Fee | Rs. 1,000 | ||||||||||
| Finance Charges | 3.75% p.m. | 55.55% p.a. | ||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if:
You are comfortable with earning cashback on net monthly spends instead of individual spends
You can spend around Rs. 70,000 online in a month to maximize your benefits
Your monthly spends are not inclined towards any specific brands
You dine out moderately and want to save on dining spends
Check other options if:
You prefer to earn similar cashback across all categories
You want to earn brand or category specific benefits
You are looking for a card with travel-related benefits
Paisabazaar Review
What do we like about this card?
With up to 7% cashback on online spends, this credit card is a strong competitor to other cashback cards like Cashback SBI or HDFC Millennia which offer up to 5% back. It also offers a base cashback of 0.75% on travel and offline spends, along with 0.5% cashback on utility spends. To offer users a good start, the card provides welcome benefit worth Rs. 1,000, compensating for its joining fee.
Pros
- No minimum spend threshold to avail activation benefits
- Up to 7% cashback across online spends
- Base cashback on utility spends
- 25% dining discount through EazyDiner
- Welcome benefit worth the joining fee
Cons
- Complicated tier-based cashback structure
- Minimal cashback on offline spends
- No cashback on wallet, rent & fuel purchases
- No fuel surcharge waiver
Conclusion
Axis Bank Cashback Credit Card is best suited for those who prefer spending online for almost everything, be it apparel, dining, travel, and more. With a maximum cashback limit of Rs. 4,000 on online spends, cardholders who can spend around Rs. 70,000 online can maximize their benefits. In addition to online shopping, users can also earn cashback on travel, offline, and utility spends. Although the cashback rate for categories other than online spends is relatively low, the fact that this card offers cashback on utility spends, which cards like Cashback SBI do not, enhances its overall value. However, understanding its tier-based cashback structure might be a bit challenging for some consumers.
Frequently Asked Questions
Everything you need to know about this credit card
You can activate your Axis Bank Cashback credit card through mobile banking or internet banking. Alternatively, you can contact Axis Bank credit card customer care at 1860 419 5555/ 1860 500 5555.
The card offers unlimited 0.75% cashback on travel spends, including transactions across airlines, travel agencies, travel rental, railways and others.
The card can be availed by resident Indians aged between 18 and 70 years. Other eligibility factors include monthly income, credit score, etc., which are decided based on the issuer’s internal policy.
Documents required to avail the Axis Cashback Credit Card are identity proofs, income proofs and residence proofs. These include PAN Card, Form 60, Latest Payslip, Form 16, IT Return, Driving License/Electricity Bill/Landline Telephone Bill.
The card charges a forex markup fee of 3.5% of the transaction amount.
Footnotes
- Exclusions from cashback program: Transportation & tolls, insurance, educational institutions, jewellery, precious metals & watches, government institutions, wallet, rent and fuel.
- Dining offers on EazyDiner are applicable only once a month.
- Rent and wallet transactions will be excluded from the spends calculated for the annual fee waiver condition.
Click here to know More Terms and Conditions
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
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