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Axis Bank Freecharge Plus Credit Card
A Freecharge-app-issued cashback card built around instant virtual issuance and everyday spends: 5% on Freecharge, 2% on local commute and 1% on everything else. It carries a ₹350 joining fee, no annual fee in year one, and waives the second-year fee at a modest ₹50,000 annual spend.
Annual fee
₹350
Joining fee
₹350
Reward type
cashback
Base reward rate
1%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 650+ whose spend is concentrated in online shopping, utilities. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- ✈️ Travel
2% reward rate
- 🛍️ Shopping
5% reward rate (capped ₹500/monthly)
- ⛽ Fuel
1% fuel surcharge waiver at all fuel stations.
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 650
- Employment: salaried, self-employed
- Age: 18–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹50,000
- Rewards redemption fee: Cashback is credited automatically as statement credit; no redemption fee
- Foreign currency markup: 3.5%
- Interest rate: 43.2% p.a.
- Fuel surcharge waiver: 1% waiver at all fuel stations
- Cash advance charges: 2.5% of the cash amount withdrawn, minimum ₹500
Benefits
- Instant virtual card issued on the Freecharge app on approval, usable immediately while the physical card is dispatched separately.
- Up to 5% cashback on Freecharge spends and bonus EDGE points on hitting monthly milestone spends.
- 1% fuel surcharge waiver at all fuel stations.
Pros
- + Instant virtual card on approval, no wait for plastic
- + Annual fee nil in the first year, then an easy ₹50,000 spend waiver
- + 5% cashback on Freecharge spends and 2% on local commute
Cons
- − Cashback caps kick in monthly on the top category
- − Best value is tied to actually using the Freecharge app
- − Base card, not built for travel or premium rewards