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CheQ AU Credit Card VS Axis Bank Cashback 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: 17 July 2026

Both CheQ AU Credit Card and Axis Bank Cashback Credit Card suit different spenders, but they earn and cost differently. CheQ AU Credit Card is lifetime-free and earns up to 12 percent on select brands; 5 percent on other online spends; 2.5 percent on CheQ UPI; 1 percent on all other transactions. Axis Bank Cashback Credit Card costs Rs 0 joining (waivable) and earns 5 percent cashback on utilities via GPay and accelerated cashback on dining/shopping. CheQ AU Credit Card also brings Indias first LED card with dual Visa + RuPay issuance, while Axis Bank Cashback Credit Card counters with its own niche benefits. Compare the fee and reward differences above against your priority spend category - shopping, dining, fuel, or travel - to pick the right fit.

CheQ AU Credit Card
CheQ AU Credit Card
Axis Bank Cashback Credit Card
Axis Bank Cashback Credit Card

Fees & Charges

Joining FeeLifetime Free
Joining Fee₹1,000 + GST
Renewal FeeLifetime Free
Renewal Fee₹1,000 + GST
Spend Based Waiver
Spend Based WaiverAnnual fee waiver on spends of ₹4,00,000 and above in an anniversary year.
Foreign Transaction Fees3.49% on all foreign currency transactions.
Foreign Transaction Fees3.50% of the transaction value
Interest Rate (APR)3.75% per month (45% per annum) on revolving credit and cash advances.
Interest Rate (APR)3.75% per month (55.55% Annual)

Rewards & Benefits

Welcome BonusThe card is marketed as Lifetime FREE, meaning no joining fee and no annual fee for the standard variant. An optional upgrade to the LED Credit Card incurs a one-time issuance fee of ₹999 + GST
Welcome BonusEnjoy 5,000 EDGE Reward Points worth ₹1,000 upon making the first transaction within 30 days.
Rewards RateUp to 12% on select brands; 5% on other online spends; 2.5% on CheQ UPI; 1% on all other transactions.
Rewards RateUp to 7% cashback on online spends; unlimited 0.75% on offline & travel; 0.5% on utilities.
Reward TypeReward Points
Reward TypeCashback
Reward Redemption FeeNo rewards redemption fee.
Reward Redemption Fee

Travel & Lifestyle

Domestic Lounge AccessNot available on the CheQ AU Credit Card.
Domestic Lounge Access
International Lounge AccessNot available on the CheQ AU Credit Card.
International Lounge Access
Travel BenefitsEarn 12% rewards on CheQ Travel (flights & hotels) and 5% on other travel spends. Redeem points for flights/hotels.
Travel BenefitsUnlimited 0.75% cashback on travel-related spends.
Movie Benefits
Movie Benefits
Dining Benefits
Dining BenefitsInstant discount of 25% up to ₹800 on EazyDiner once every month.
Golf Benefits
Golf Benefits
Fuel Surcharge Waiver1% fuel surcharge waiver up to ₹150 on fuel spends.
Fuel Surcharge Waiver1% of transaction amount (refund not applicable). No fuel surcharge waiver.

Security & Other

Insurance Benefits
Insurance Benefits
Cash Advance Charges2.5% of the withdrawn amount, or ₹500, whichever is higher.
Cash Advance Charges2.5% of the cash amount (Minimum ₹500)
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

CheQ AU Credit Card

Axis Bank Cashback Credit Card

Who is it for?

The CheQ AU Credit Card is India’s first LED-enabled credit card, offering a unique visual experience and strong rewards. It provides up to 12% rewards on popular brands, 2.5% on CheQ UPI, and 1% on other spends. Marketed as lifetime free for the standard variant, it also offers the convenience of two cards (Visa LED and RuPay) with a single application. This card is ideal for those seeking high reward rates, unique features, and convenient digital banking for everyday online shopping, food delivery, travel, and utility payments.

Who is it for?

The Axis Bank Cashback Credit Card is a mid-range offering designed for individuals who prioritize straightforward cashback benefits, especially on online and everyday spending. It provides up to 7% cashback on online transactions and an unlimited 0.75% on offline and travel expenditures. With automatic cashback redemption and flexible eligibility, it's a hassle-free option for savvy shoppers looking to maximize savings.

Pros

Key benefits and features.

India's first LED-enabled credit card offers a unique and visually engaging payment experience.

High reward rates up to 12% on popular brands and categories like shopping, travel, and utilities.

Lifetime free for the standard variant, making it an attractive option with no annual fees.

Receive both a Visa (LED) and RuPay card with a single application, offering great versatility.

Uncapped base rewards ensure continuous earning even after reaching accelerated rewards limits.

Pros

Key benefits and features.

Offers unlimited 0.75% cashback on all offline and travel spending.

Provides high cashback rates of up to 7% on online purchases.

Flexible eligibility criteria make this card accessible to many applicants.

Automatic cashback redemption process simplifies rewards management.

Cons

Key drawbacks and limitations.

Accelerated rewards are capped at 12,000 CheQ points per month, limiting high spenders.

Rewards are not applicable on several categories like fuel, education, gold, and rent payments.

Optional LED card incurs a one-time issuance fee of ₹999 + GST, which is an additional cost.

Interest rate on revolving credit is high at 3.75% per month (45% per annum), typical of the category.

No domestic or international airport lounge access on this card.

Applications for the LED card open only from April 28, 2026, indicating a future availability.

Cons

Key drawbacks and limitations.

The card does not offer a fuel surcharge waiver.

The spend threshold for the annual fee waiver is set quite high at ₹4 lakh.

Lacks premium features like complimentary airport lounge access or golf benefits.

Various transaction fees apply for rent, wallet load, fuel, education, and utilities.

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 CheQ AU Credit Card(opens in new tab)Apply for Axis Bank Cashback Credit Card(opens in new tab)