Axis Bank Freecharge Plus Credit Card

Cashback With Every Transaction

Axis Bank Freecharge Credit Card users will get-

• 5% cashback on freecharge spends
• 2% cashback on daily commute via Ola/Uber/Shuttle
• 1% cashback on all other spends

Read More: Best Cashback Credit Cards in India 2021

Cashback Calculation:  Mr X spent Rs. 30,000 in a billing cycle divided into the following categories: Recharge and utility bill payment of Rs.5,000 via Freecharge Uber & Ola bookings worth Rs.5,000 Miscellaneous spendings worth Rs.20,000 (including fuel spends – Rs.10,000)  Important: Fuel transactions are not eligible for cashback, spending worth Rs.10,000 will be excluded in cashback calculation.  Total spending eligible for cashback: Rs.5,000 + Rs.5,000 + Rs.10,000 = Rs.20,000  Now, cashback calculation for the same billing cycle would be: 5% of Rs.5,000 = Rs.250 4% of Rs.5,000 = Rs.200 2% of Rs.10,000 = Rs.200  Total cashback earned = Rs.650

Terms and Conditions for Axis Bank Freecharge Plus Credit Card:

1. There is no limit on how many times an individual can earn cashback
2. A maximum cashback of Rs.500 per month can be earned with this credit card
3. Cashback earned for the purchases during the current billing cycle will be credited in the next billing cycle 3 days before the statement generation date i.e. if the statement date is 15th February, the cashback earned in the January month cycle (16th December – 15th January) will be credited on 12th February.
4. Not every transaction is eligible for cashback. Ineligible transactions include-
   • Wallet Load
   • Fuel Spends
   • Cash Withdrawal
   • Purchase of Gold Items
   • EMI transactions
   • Purchases converted to EMI post facto

Other Benefits of Axis Bank Freecharge Plus Credit Card

Apart from cashback, the following benefits can be availed by Axis cardholders:

1. Reward Points:

• Earn 100 reward points on spending Rs.2000 to Rs.4999
• Earn 250 reward points on spending Rs.5000 and above
• These rewards are available for physical as well as digital Axis Bank Freecharge credit cards

2. Welcome Benefit: Gift voucher worth Rs.700 is provided as Welcome Benefit, on activation i.e. after first successful transaction using Axis Bank Freecharge Plus Credit Card within 30 days from the date of issuance. 

Voucher worth Rs.700 = Uber gift voucher worth Rs.350 + BookMyShow gift voucher worth Rs.350

3. Annual Fee Waiver: The annual fee of Rs.350 gets waived off on spending Rs.50,000 or more with your Axis Bank Freecharge Plus Credit Card. This is applicable for the first year of card activation only. 

4. Dining Delights: Get up to 20% instant discounts at more than 4000 participating restaurants.

5. Fuel Surcharge Waiver: 1% fuel surcharge waiver across all fuel stations (maximum waiver of Rs. 500 in a month)

6. Airport Lounge Access: Get 4 complimentary domestic lounge visits in a year.

Related Article: 10 Best Credit Cards for Online Shopping 2021

Pros	Cons
Up to 5% cashback on every transaction via Freecharge	Low monthly capping on cashback i.e. Rs.500 only
Low joining fee i.e. Rs.350/- only	No cashback for Fuel, EMI, and Freecharge wallet load transactions
Good rewards rate, in addition to the cashback	Annual fee waiver is applicable only in the first year, not afterwards

Parameters	Axis Bank Freecharge Plus Credit Card	Axis Bank Ace Credit Card	Flipkart Axis Bank Credit Card	Amazon Pay ICICI Credit Card
Annual Fee	Rs.350 (from 2nd year)	Rs.499	Rs.500	NIL
Default Cashback	1%	2%	1.5%	1%
Accelerated Cashback	5% cashback on freecharge spends 2% cashback on daily commute via Ola/Uber/Shuttle	5% cashback on the utility bill payment on Google Pay 4% cashback on Swiggy, Zomato and Ola	5% cashback on Flipkart, Myntra & 2GUD 4% cashback on MakeMyTrip, PVR, Uber & more	5% cashback on Amazon for PRIME customers 3% cashback on Amazon for Non-Prime Customers 2% cashback on Amazon Pay Partner Merchants
Lounge Access	4 domestic lounge visits in a year	4 domestic lounge visits in a year	4 domestic lounge visits in a year	None
Welcome Benefits	Gift voucher worth Rs.700	5% cashback on Big Basket and Grofers	Vouchers worth Rs.2,900	None
Minimum Savings on Rs.1 Lakh	Rs.1,000	Rs. 2,000	Rs. 1,500	Rs. 1,000

If you are looking for a card that gives you cashback on every transaction along with other basic benefits, Axis Bank Freecharge Plus Credit Card can be the right choice. This card gives 5% accelerated cashback on freecharge spends. So, for freecharge loyalists, it is certainly a good deal. Freecharge is one of the most popular digital wallets in India which caters to online transactions, shopping, recharges, bill payments, and much more. However, there are several better options which provide competitive rewards in similar categories. For instance, Flipkart Axis Bank Credit Card is providing a 4% cashback on Uber. Likewise,  Amazon Pay ICICI credit card offers 5% cashback on all purchases on Amazon to PRIME customers and 3% to non-prime customers. 

Moreover, Axis Bank Freecharge Plus Credit Card might not be a great choice for those who are hoping to get a credit card with satisfactory travel benefits. It does not offer accelerated rewards on any travel/airline brand or the category. Hence, you can invest more time in exploring other entry-level cards in the market to make the right choice.

Details	Fee/Charges
Joining Fee	Rs.350 + Taxes
Annual Fee	1st year – NIL 2nd year – Rs.350 (Waived off on annual spends of Rs.50,000 or more)
Cash Payment Fee	Rs.100
Outstation Cheque Fee	NIL
Finance Charges	3.4% per month | 49.36% per annum
Late Payment Fee	0-Rs.300: NIL Rs.301-Rs.500: Rs.100 Rs.501-Rs.1,000: Rs.500 Rs.1,001-Rs.10,000: Rs.750 Rs.10,001-Rs.25,000: Rs.950 Rs.25,001-Rs.50,000: Rs.1000 Rs.50,000 or above: Rs.1200
Over-limit Fee	3% of the over-limit amount (Minimum Rs.500)
Foreign Currency Transaction Fee	3.5% of the transaction value
Cash Replacement Fee	Rs.100

It should be noted that the Axis Bank FreeCharge Plus is an invite-only credit card. In case if you are eligible, you will be able to see the banner on your FreeCharge mobile application. Also, you should be an Indian Resident of over 18 years of age with a regular source of income. For further information or any query related to this, contact Axis Bank Customer Care on 1860-419-5555.

What is the annual fee on Axis Bank FreeCharge Plus Credit Card?

The annual fee on this card variant is zero for 1st year and Rs.350 for 2nd year.

What is the credit-free period on this card?

The interest-free grace period for this card could range from 20 to 50 days, depending on the date of the transaction.

What is the welcome gift for the users of this card?

You will get an Uber voucher worth Rs.350 and a BookMyShow voucher worth Rs.350 beyond successful activation of the card.

What are mobile alert charges for this card?

There are no charges for mobile alerts for transactions for Axis Bank FreeCharge Plus Credit Card.

Is there a capping on monthly cashback for this card?

Yes, you can earn a maximum of Rs.500 as cashback per month against Axis Bank FreeCharge Plus Credit Card.

Will I get cashback on fuel expenses?

No, there are some transactions, including fuel spends, which are not eligible for cashback. Other such transactions are Wallet Load, Cash Withdrawal, Purchase of Gold Items, EMI transactions, and Purchases converted to EMI post facto.