Axis Bank Freecharge Plus Credit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank Freecharge Plus Credit Card, issued by Axis Bank, is positioned as a mid-range virtual credit card focused on providing significant cashback and savings on everyday spends. It offers up to 5% cashback on Freecharge transactions, 2% on local commutes, and 1% on other retail spends. A key differentiating benefit is the spend-based waiver of its annual fee, making it a cost-effective option for users who meet the spending threshold. This card is a superior version of the Freecharge Credit Card and was noted as "Discontinued" as of the last update.

Welcome Benefits

• Welcome benefits are not applicable for cards issued on or after January 4, 2023.

Fees

• Joining Fee: Nil
• Annual Fee:
  • 1st year: Nil
  • 2nd year onwards: ₹350 + GST
• Spend-Based Waiver: The annual renewal fee of ₹350 is waived off on spending ₹50,000 or more in the preceding card anniversary year. Rent and wallet reloads will not contribute towards the spend-based waiver.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% of the transaction value on all foreign currency spends.
• Interest Rates: 3.75% per month (for retail purchases and cash).
• Fuel Surcharge:
  • A 1% fuel surcharge waiver is mentioned on all fuel transactions.
  • However, a 1% fee will be applicable on cumulative fuel transactions of ₹50,000 or more in a statement cycle.
• Cash Advance Charges: 2.5% of the withdrawn amount or ₹500, whichever is higher.
• Card Replacement Fee: Nil
• Cash Payment Fee: ₹175
• Duplicate Statement Fee: Waived
• Charge Slip Retrieval Fee or Copy Request Fee: Waived
• Outstation Cheque Fee: Waived
• Late Payment Fee:
  • Nil if Total Payment Due is less than ₹500.
  • ₹500 if total payment due is between ₹501 - ₹5,000.
  • ₹750 if total payment due is between ₹5,001 - ₹10,000.
  • ₹1200 if total payment due is greater than ₹10,000.
  • An additional charge of ₹100 will be applicable if the payment of Minimum Amount Due (MAD) is not made by the Payment Due Date (PDD) for two consecutive billing periods.
• Over Limit Penalty: 2.5% of the over limit amount (Minimum ₹500).
• Cheque Return, Dishonour Fee, or Auto-Debit Reversal: 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.
• Rent Transaction Fee: 1% on each rental transaction.
• Wallet Load Transaction Fee: 1% fee applicable on cumulative wallet load transactions of ₹10,000 or more in a statement cycle.
• Education Transaction Fee: 1% fee applicable on each education payment done through third-party apps.
• Utility Transaction Fee: 1% fee applicable on cumulative spends of ₹25,000 or more made towards utility payments in a statement cycle within a statement period.
• Online Skill-Based Gaming Fee: 1% fee applicable for cumulative spends of ₹10,000 or more on online skill-based gaming platforms in a statement period.
• Dynamic Currency Conversion Markup: 1.5% plus taxes applicable for each international transaction performed in Indian currency or international location, or transactions performed in Indian currency with merchants located in India but registered in a foreign nation.

Rewards

• Cashback:
  • 5% cashback on all spends via the Freecharge mobile app/website.
  • 2% cashback on local commutes through Ola, Uber, etc. (includes selected MCCs: 4121, 4131, 4111, and 7512).
  • 1% cashback on all other retail spends.
• Cashback Exclusions:
  • Cashback is not applicable on transactions below ₹100.
  • No cashback is earned on fuel purchases, wallet reloads, cash withdrawals, EMI purchases, gift cards, jewellery purchases, and rental payments.
• Dining:
  • Get up to 20% off (up to ₹500) on dining.
  • Enjoy exceptional dining experiences at top restaurants across India with the Axis Bank Dining Delights Program.
• Wednesday Delight Offers:
  • Instant savings of up to 15% on flights & hotels via MakeMyTrip.
  • 10% off on orders via Swiggy.
  • 10% off up to ₹1000 on Tira.

Rewards Redemption Guide

• Edge Reward Points can be redeemed against various products at a rate of 1 Reward Point = Re. 0.20.
• The cashback earned in a month is credited to the account on the 8th of the next month.

Card Eligibility Criteria

• Age: The age of the primary cardholder should be above 21 years.
• Income: The applicant should have a stable source of income.
• Credit History: The applicant should have a decent credit history.
• Application Model: This is an invite-only model; eligible customers will see a banner on their Freecharge Mobile App.

Documents Required

• Identity Proof: Aadhaar Card, PAN Card, Passport, Driving license, etc.
• Address Proof: Aadhaar Card, Utility bills, rent agreement, Passport, Driving License, Voter ID, etc.
• Proof of Income: Latest bank statements/salary slips or latest ITR.

Card Review

The Axis Bank Freecharge Plus Credit Card is an excellent option for individuals looking to maximize savings on their transactions, particularly those made through the Freecharge app. Its primary strength lies in the generous cashback rates, offering up to 5% on Freecharge spends and 2% on local commutes. The spend-based waiver of the annual fee is a significant advantage, allowing cardholders to effectively make the card free by spending ₹50,000 or more annually. This card is well-suited for regular expenditure and commute-related spends. However, it is important to note that the card has been marked as "Discontinued."

Important Product Details

• Unlimited 5% cashback on all Freecharge spends.
• 2% cashback on local commute transactions.
• Up to 20% discount on dining.
• Spend-based waiver of the renewal fee on spending ₹50,000 or more annually.
• 1% fuel surcharge waiver on all fuel transactions (though a fee applies for cumulative spends over ₹50,000).
• It is a virtual credit card available instantly after approval, with an option to order a physical card.
• The card has been discontinued.

Other Details

• The card is a virtual credit card that can be obtained instantly after approval on the Freecharge app. A physical card can also be ordered.
• To apply, download the Freecharge mobile app, log in, click on 'Credit Card', enter details like PAN Card, and submit the application.
• The statement for the Freecharge Plus Credit Card is generated on the 12th of every month.
• The terms and conditions of the Axis Bank Freecharge Plus Credit Card have been updated effective June 20, 2025.