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AU Bank InstaPay Credit Card VS Axis Bank Kwik Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.
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Last updated: 18 July 2026
Lifetime FREE

CheQ AU Credit Card

Zero Fees. More Rewards

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CheQ AU Credit Card
AU Bank InstaPay Credit Card
AU Bank InstaPay Credit Card
Axis Bank Kwik Credit Card
Axis Bank Kwik Credit Card

Fees & Charges

Joining FeeLifetime Free
Joining FeeLifetime Free
Renewal FeeLifetime Free
Renewal FeeLifetime Free
Spend Based WaiverNot applicable as the card is lifetime free.
Spend Based WaiverLifetime free card — no joining or annual fees regardless of spend.
Foreign Transaction Fees3.49% of the transaction amount
Foreign Transaction Fees3.5% of the transaction value.
Interest Rate (APR)3.59% per month (equivalent to 43.08% annually)
Interest Rate (APR)3.7% per month (APR 55.55% per annum) on retail purchases and cash advances.

Rewards & Benefits

Welcome Bonus
Welcome BonusNil joining and annual fees with instant virtual card issuance; earn 2 EDGE reward points per ₹200 on eligible spends.
Rewards Rate1% direct cashback on UPI transactions, max Rs. 100 per cycle.
Rewards Rate2 EDGE reward points per ₹200 spent on domestic and international transactions (excluding excluded categories).
Reward TypeCashback
Reward TypeReward Points
Reward Redemption FeeNot applicable
Reward Redemption Fee₹99 per redemption on EDGE rewards platform; ₹199 for conversion/transfer of EDGE points/miles to other partner loyalty programs.

Travel & Lifestyle

Domestic Lounge Access
Domestic Lounge Access
International Lounge Access
International Lounge Access
Travel Benefits
Travel BenefitsInstant virtual card for immediate use; UPI linking for international transactions; fuel surcharge waiver up to ₹150/month on fuel spends ₹400–₹4,000.
Movie Benefits
Movie Benefits
Dining Benefits1% cashback on UPI spends made on dining.
Dining Benefits
Golf Benefits
Golf Benefits
Fuel Surcharge Waiver1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 5,000, max Rs. 100 per cycle.
Fuel Surcharge Waiver1% + GST (may apply in lieu of 1% waiver in certain cases); 1% fuel surcharge waiver on fuel purchases between ₹400 and ₹4,000, capped at ₹150 per month.

Security & Other

Insurance Benefits
Insurance Benefits
Cash Advance ChargesNot applicable
Cash Advance ChargesMin ₹500 up to 2.5% of the cash withdrawal amount.
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

AU Bank InstaPay Credit Card

Axis Bank Kwik Credit Card

Who is it for?

The AU Bank InstaPay Credit Card is a lifetime free, entry-level virtual credit card designed for individuals looking to begin their credit journey or for existing cardholders seeking instant cashback on UPI transactions. It offers 1% cashback on eligible UPI spends and has no joining or annual fees. Its virtual nature provides significant convenience, allowing users to make fast, secure, and easy transactions directly from their smartphone without needing to carry a physical card. It's an excellent beginner's card, particularly for first-time users and those who frequently use UPI.

Who is it for?

The Axis Bank Kwik Credit Card is a lifetime free RuPay entry-level card built for seamless UPI-based spending and instant virtual card access. It offers 2 EDGE reward points per ₹200 on eligible domestic and international transactions, plus a monthly fuel surcharge waiver up to ₹150. Ideal for users who want no-fee everyday spending with rewards while avoiding high-interest balances and fee-incurring categories.

Pros

Key benefits and features.

Lifetime free credit card with no joining or annual charges.

Offers convenience as a virtual credit card for seamless payments.

Provides cashback on UPI spends across various essential categories.

Pros

Key benefits and features.

Lifetime free card with zero joining and annual fees, ideal for cost-conscious users seeking a no-fee credit card.

Instant virtual card issuance with UPI linking enables immediate use for domestic and international transactions.

Earn 2 EDGE reward points per ₹200 on eligible domestic and international spends with transparent accrual timelines.

Monthly fuel surcharge waiver up to ₹150 on fuel purchases between ₹400 and ₹4,000 adds practical value for drivers.

Simple fee structure on core card features with no renewal charges and redemption options via EDGE rewards platform.

Cons

Key drawbacks and limitations.

The card's utility is primarily limited to UPI transactions.

It does not offer welcome benefits or complimentary lounge access.

The 1% cashback rate is modest compared to other market offerings.

Cons

Key drawbacks and limitations.

No published redemption value or partner transfer ratios for EDGE points can limit perceived utility of rewards.

High interest rate of 3.7% per month (55.55% per annum) makes carrying balances expensive and risky.

Multiple transaction-level fees from 2024 onward on wallet loads, fuel, education, utilities, gaming, and rent may erode value for certain usage patterns.

Broad exclusions from rewards on wallet loads, fuel, rentals, cash withdrawals, insurance, repayments, jewellery, education, government services, EMIs, and UPI transactions under ₹2000 restrict earning potential.

Late payment fees escalate up to ₹1,200 plus additional charges for missed Minimum Amount Due cycles, increasing cost of slip-ups.

How We Compare These Cards

Every comparison on CardsForYou is built from the same verified data set we use across the site - joining and renewal fees, reward rates, forex markup, lounge access, and insurance benefits - sourced directly from each issuer and refreshed regularly. We highlight the lower-cost option on fees automatically, but "best" always depends on your own spending pattern: a card that wins on annual fee may lose on reward rate for a heavy spender, and vice versa. Use the table above alongside your own typical monthly spend to judge real value, not just the headline numbers.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.
Apply for AU Bank InstaPay Credit Card(opens in new tab)Apply for Axis Bank Kwik Credit Card(opens in new tab)