Axis Bank Cashback Credit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank Cashback Credit Card is a mid-range offering from Axis Bank, specifically designed for individuals who prioritize straightforward cashback benefits over complex reward point systems. It caters to savvy shoppers looking to maximize savings on everyday and online spending. Key differentiating benefits include up to 7% cashback on online spends, an unlimited 0.75% cashback on offline and travel expenditures, and a welcome benefit of 5,000 EDGE Reward Points worth ₹1,000.

Welcome Benefits

• Enjoy 5,000 EDGE Reward Points worth ₹1,000 upon making the first transaction within 30 days of card issuance.
• There are no minimum spend-based criteria to be eligible for this benefit.
• Spending made by both add-on and primary cards shall be considered for this benefit.

Fees

• Joining Fee: ₹1000 + GST
• Annual Fee: ₹1000 + GST
• Spend-Based Waiver: Annual fee waiver is applicable on spends of ₹4,00,000 and above in an anniversary year.
• Add-on Card Joining Fee: NIL
• Add-on Card Annual Fee: NIL
• Card Replacement Fee: NIL
• Finance Charges (Interest): 3.75% per month (55.55% Annual)
• Cash Withdrawal Fee: 2.5% of the cash amount (Minimum ₹500)
• Cash Payment Fee: ₹175
• Duplicate Statement Fee: Waived
• Late Payment Fee:
  • Nil if total payment due is up to ₹500
  • ₹500 if total payment due is between ₹501 and ₹5,000
  • ₹750 if total payment due is between ₹5,001 and ₹10,000
  • ₹1,200 if total payment due is greater than ₹10,000
  • An additional ₹100 is applicable on missing payment of Minimum Amount Due (MAD) by the due date for two consecutive cycles. This charge will continue to be applicable for every payment cycle until the MAD is cleared.
• Rewards Redemption Fee: N/A
• Foreign Currency Transaction Fee: 3.50% of the transaction value
• Fuel Transaction Surcharge: 1% of transaction amount (refund not applicable). There is no fuel surcharge waiver offered with this card.
• Charge slip Retrieval Fee or Copy Request Fee: Waived
• Outstation Cheque Fee: Waived
• Cheque return or Dishonour Fee or Auto Debit Reversal or Standing Instruction (SI) or NACH payment failure: 2% of the payment amount subject to a Minimum of ₹500
• Surcharge on purchase or cancellation of Railway Tickets: As prescribed by IRCTC / Indian Railways
• Dynamic Currency Conversion markup: 1.5% plus taxes will be applicable on each international transaction performed in Indian currency at an international location or transactions performed in Indian currency with merchants located in India but registered in a foreign nation.
• Rent Transaction Fee: 1% fee per transaction will be applicable on each rental transaction. Taxes will be applicable as notified by the Government of India.
• Wallet Load Transaction Fee: 1% fee will be applicable on cumulative spends of ₹10,000 or more on wallet loads per statement cycle.
• Fuel Transaction Fee: 1% fee will be applicable on cumulative spends of ₹50,000 or more on fuel transactions per statement cycle.
• Education Transaction Fee: 1% fee per transaction will be applicable on education payments made via third-party apps.
• Utility Transaction Fee: 1% fee will be applicable on cumulative spends of ₹25,000 or more on utilities per statement cycle.
• Online Skill-Based Gaming Transaction Fee: 1% fee will be applicable on cumulative spends of ₹10,000 or more on online skill-based gaming platforms in a statement cycle.
• Mobile Alerts for Transactions: Waived
• Hot listing Charges: Waived
• Balance Enquiry Charges: Waived

Rewards

• Cashback Earnings:
  • Enjoy up to 7% cashback on online spends, with a maximum earning of ₹4,000 per statement month.
    • Earn 2% cashback for spends up to ₹5,000 (up to ₹100).
    • Earn 5% cashback for spends greater than ₹5,000 and less than or equal to ₹40,000 (up to ₹1,750).
    • Earn 7% cashback on spends greater than ₹40,000 (up to ₹2,150).
  • Receive unlimited base cashback of 0.75% on all offline & travel related spends.
  • Get 0.5% cashback up to ₹100 on utilities bill payments.
  • Cashback is not applicable on certain exclusions, such as fuel purchases.
  • If an item for which cashback was received is returned, the cashback amount will be deducted from your account or your return refund.
• Dining Benefits:
  • Enjoy exceptional dining experiences at top restaurants across India with the Axis Bank Dining Delights Program.
  • Get an instant discount of 25% up to ₹800 on EazyDiner on a minimum transaction value of ₹2,500. This offer is available once every month and cannot be carried over to another month if unused.
• Travel: Receive 0.75% cashback on travel-related spends.
• Domestic Lounge Access: N/A
• International Lounge Access: N/A
• Golf: N/A
• Insurance Benefits: N/A

Rewards Redemption Guide

• Cashback earned with the Axis Bank Cashback Credit Card is automatically credited to the cardholder’s account before the next statement date.
• There is no minimum amount requirement for cashback redemption.
• The redemption process is simplified, free from the complexities of points conversions or specific redemption criteria.

Card Eligibility Criteria

• Age: Primary cardholders should be between the age of 18 and 70 years.
• Residential Status: The individual should be an Indian Resident or NRI.
• Income: Must have a regular income source.
• Employment: Salaried or self-employed with income proof.
• Documents Required:
  • PAN Card photocopy or Form 97
  • Proof of income: Latest payslip / Form 16 / IT return
  • Residence proof: Driving License / Electricity Bill / Landline Telephone Bill
• The above criteria are indicative, and the bank reserves the right to approve or decline applications. Documents required may vary on a case-to-case basis.

Card Review

The Axis Bank Cashback Credit Card is an excellent choice for individuals who appreciate straightforward cashback rewards, particularly those with significant online spending habits. Its ease of use and automatic cashback redemption process make it a hassle-free option.

• Pros:
  • Offers unlimited 0.75% cashback on all offline and travel spending.
  • Provides high cashback rates of up to 7% on online purchases.
  • The eligibility requirements for the card appear flexible, making it accessible to a broad range of applicants.
• Cons:
  • The card does not offer a fuel surcharge waiver.
  • The spend threshold for the annual fee waiver is set quite high at ₹4 lakh.
  • It lacks certain premium features such as complimentary airport lounge access or golf benefits.

Important Product Details

• Welcome benefits worth ₹1,000 (5,000 EDGE Reward Points).
• Earn 2% cashback on online spending up to ₹5,000.
• Earn 5% cashback on online spending between ₹5,001 and ₹40,000.
• Earn 7% cashback on online spending above ₹40,000.
• Receive an instant discount of 25% up to ₹800 on EazyDiner.
• Unlimited 0.75% cashback on travel and offline spending.
• 0.5% cashback on utility transactions, capped at ₹100 per statement.
• Cashback is automatically credited to the statement before the next statement date.
• Potential annual savings of more than ₹14,000 based on total annual spends of ₹4,50,000 (considering specific spend categories and amounts).

Other Details

• The terms and conditions of the Axis Bank Cashback credit card will be updated effective 20th June, 2025.
• General credit card services available include Credit Limit Increase, Instant loan on credit card, Credit Card against Fixed Deposit, Grab Deals, Convert Purchases Into EMIs, Credit Card Control Center, and Add-On Credit Card.
• This card is part of Axis Bank's initiative to migrate Citi Cashback credit cardholders to the Axis Cashback credit card, offering comparable benefits.
• Cashback is not applicable on certain spending categories, including fuel purchases.
• In case of a purchase return, any cashback received for that transaction will be deducted from the cardholder's account or refund.