Axis Bank has launched the rewarding Cashback Credit Card. Initially targeted at customers who migrated from the Citi Cashback Credit Card to Axis Bank, this card is now officially available for everyone to apply. The Axis Cashback Credit Card has a joining and renewal fee of ₹1,000 + GST and offers up to 7% cashback on eligible online transactions. A 7% cashback rate is quite great for a card with such low fees. In addition to this accelerated cashback, cardholders are also eligible for a base unlimited cashback rate of 0.75%. Furthermore, they can earn an extra 0.5% cashback on utility bill payments, capped at ₹100.
All cashback is credited directly against the statement without any minimum amount requirement. The new Axis Cashback Credit Card is available in both Visa and Mastercard options.
Welcome Benefits
The Cashback Credit Card comes with a reasonable joining fee of ₹1,000 + GST, offering benefits that match this cost. Cardholders will receive 5,000 EDGE Reward Points, equivalent to ₹1,000, upon completing their first transaction. This effectively offsets any charges incurred during the first year of holding the card.
Up to 7% Cashback on Online Spends
| Spends | Cashback |
| Spends Less Than or Equal to ₹5,000 | 2% Up to ₹100 |
| Spends Between ₹5,001 and ₹40,000 | 5% Up to ₹1,750 |
| Spends Above ₹40,001 | 7% Up to ₹2,150 |
In addition to the cashback benefits mentioned above, all cardholders will earn a basic unlimited cashback of 0.75% on all eligible offline, POS, and travel purchases. Furthermore, Axis Cashback Credit Card will offer 0.5% cashback on utility transactions, with a maximum cap of ₹100 per statement.
Exclusions for Cashback
The following categories would not be eligible for cashback earnings.
- Transportation & Tolls
- Insurance
- Educational Institutions
- Jewellery, Precious Metals and Watches
- Govt. Institutions
- Wallet
- Rent
- Fuel
Additionally, there is no fuel surcharge waiver offered with this card.
Bottom Line
The all-new Axis Cashback Credit Card is the perfect card for those with online spends of around ₹70,715. Those who spend this much on online purchases should definitely apply for this card and save up to 7% each month. The best part? There is no complicated reward structure attached to this card; simply make eligible online purchases and receive up to 7% cash back on your upcoming statement.
Looking to apply for the Cashback Credit Card? Click the link below.
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