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Axis Bank Cashback Credit Card
A straightforward direct-cashback card built for people who don't want to think about reward points — tiered cashback on online spends (2% on the first ₹5,000 a month, 5% up to ₹40,000 and 7% beyond, up to ₹4,000 a month) and an unlimited 0.75% on offline and travel spend, credited as cash rather than convertible points. At ₹1,000/year the fee is waivable on ₹4L of annual spend, so a moderately active online spender can effectively hold it for free.
Annual fee
₹1,000
Joining fee
₹1,000
Reward type
cashback
Base reward rate
0.75%
Card network
Mastercard
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 720+ whose spend is concentrated in online shopping. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 0.75% base rate
Benefits by category
- 🛍️ Shopping
5% reward rate (capped ₹4,000/monthly)
- 🧾 Utilities
0.5% reward rate (capped ₹100/monthly)
- ⛽ Fuel
1% fuel surcharge waiver, capped at ₹400 per statement cycle — applies automatically at the pump on transactions in the eligible range, no registration needed
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 720
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 18–70
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹4,00,000
- Rewards redemption fee: Cashback is credited automatically as statement credit; no redemption fee
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver, capped at ₹400 per statement cycle
- Cash advance charges: 2.5% of the cash amount withdrawn, minimum ₹500
Benefits
- EDGE Reward points worth ₹1,000 on the first transaction within 30 days of card issuance
- Tiered cashback on online spends of up to 7%: 2% on the first ₹5,000 of monthly net spends, 5% on ₹5,000–₹40,000 and 7% above ₹40,000, with up to ₹4,000 cashback per statement month
- Unlimited 0.75% base cashback on offline and travel spends, plus 0.5% (up to ₹100/month) on utility bill payments
- 1% fuel surcharge waiver, capped at ₹400 per statement cycle — applies automatically at the pump on transactions in the eligible range, no registration needed
Pros
- + Up to 7% cashback on online spends (tiered, up to ₹4,000 a month), credited automatically as cash, not points
- + Unlimited 0.75% cashback on offline and travel spend with no category restrictions
- + ₹1,000 worth of EDGE Reward points as a welcome benefit
- + Fee is fully waivable on ₹4L annual spend, roughly ₹33,000/month
- + Low, accessible eligibility bar with a ₹25,000/month income requirement
Cons
- − ₹4L spend needed to waive the ₹1,000 joining/annual fee
- − Utility cashback capped low at just ₹100/month, easily exhausted
- − Online cashback is tiered: only spend above ₹5,000 a month earns 5% and only above ₹40,000 earns the full 7%
- − No lounge access or milestone bonuses
- − 3.5% forex markup makes it a poor choice for international spend
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