Axis Bank Cashback Credit Card

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(4.5/5)

Joining Fee

₹1,000 + GST

Renewal Fee

₹1,000 + GST

Best Suited For

Shopping |

Reward Type

Cashback
|

Welcome Benefits

5,000 EDGE Reward Points on Making the First Transaction Within 30 Days


Rewards and Benefits

Movie & Dining

20% discount up to ₹800 on EazyDiner

Rewards Rate

7% Cashback on Online Purchases; 0.75% Cashback on Offline and Travel Spends; 0.5% Cashback on Utility Transactions

Reward Redemption

Cashback Credited to Statement

Travel

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A


Fees & Charges

Spend-Based Waiver

Annual Fee Waiver on Spends of ₹4 Lakh or More

Rewards Redemption Fee

N/A

Foreign Currency Markup

3.5%

Interest Rates

3.6% Monthly (52.86% Annually)

Fuel Surcharge

N/A

Cash Advance Charges

2.5% of the Withdrawn Amount or ₹500


Product Details
  • Welcome benefits worth ₹1,000.
  • 2% on online spending up to ₹5,000.
  • 5% on online spending between ₹5,001 and ₹40,000.
  • 7% on online spending above ₹40,000.
  • Discount on EazyDiner up to ₹800.


Pros/Cons

Pros

0.75% Unlimited cashback on travel and offline spending.

Cons

  • There is no fuel surcharge waiver offered with this card.
  • The spend threshold for the renewal fee waiver is set quite high at ₹4 lakh.

Welcome Benefit

Cardholders shall be eligible for 5,000 EDGE Reward Points worth ₹1,000 on making the first transaction with the Axis Cashback Credit Card. There are no minimum spend-based criteria to be eligible for this benefit, and spending made by both add-on and primary cards shall be considered.

Welcome benefit does not apply to customers who have switched or migrated to the Axis Bank Cashback Credit Card from another credit card (Citi Cashback) before July 31, 2024.

Cashback Earnings

All cardholders are eligible for a basic cashback of 0.75% on all eligible offline/POS/travel spends. Additionally, card members are eligible to receive 0.5% cashback on utility transactions, capped at ₹100 per statement. Cardmembers can also earn up to 7% cashback on online purchases.

Spends Cashback
Spends Less Than or Equal to ₹5,000 2% Up to ₹100
Spends Between ₹5,000 and ₹40,000 5% Up to ₹1,750
Spends Above ₹40,001 7% Up to ₹2,150

Reward Redemption

The cashback earned with the Axis Bank Cashback Credit Card is directly credited to the cardholder’s account before the next statement date, simplifying the redemption process. It mirrors the card’s ethos of straightforward, hassle-free rewards, free from the complexities of points conversions or specific redemption criteria.

Dining Benefits

With the Axis Cashback Credit Card, users can 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. Cardholders must remember that offers not used in one month cannot be carried over to another month.

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Eligibility for the Axis Cashback Card

The eligibility criteria for the Axis Bank Cashback Credit Card are as follows:

  • Age: 18-60 years
  • Residential Status: Indian Residents or NRIs
  • Income: Regular income source
  • Employment: Salaried/ self-employed with income proof

Migration of Citi Cashback to Axis Cashback Credit Card

It’s been a while since Axis Bank took over Citi India’s consumer banking, and now they are in the process of migrating Citi credit cards to Axis Bank credit cards. To facilitate this transition, Axis Bank has introduced several new and exciting credit cards, including the Horizon for travel, IndianOil Axis Premium for fuel, and the Axis Cashback for cashback rewards. Those with the Citi Cashback credit card shall be migrated to the Axis Cashback credit card and receive more or less the same benefit.

Axis Cashback Card Review

The Axis Bank Cashback Credit Card is a great option for people who like getting cash back and spending a lot online. It’s easy to use and has no complicated steps to get your rewards. This card has a few things to consider, like the yearly fee and the lack of certain high-end features. However, this card could be a great choice if you want to make the most of your everyday and online spending. The requirements for getting the card seem flexible, so it could work for many people.

FAQs:

Are there any spending categories where cashback is not applicable?

Yes, there are certain exclusions, such as fuel purchases, for which cashback is not applicable. It’s advisable to check the card’s terms and conditions for detailed information.

What happens to my cashback if I return a purchase?

If you return an item for which you’ve received cashback, the cashback amount will be deducted from your account or your return refund.

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