By Bharti Bisht
Updated On October 8, 2021

The Axis Bank Freecharge credit card is a digital credit card that is not issued physically to you until you meet the requirements for physical card issuance. But, the virtual card allows you to make secure online transactions through your mobile. You get your virtual credit card instantly on the Freecharge app if you are eligible for it. With a nominal joining fee of Rs. 250, it comes with exciting welcome benefits worth Rs. 750 and spend-based Reward Point offers. The earned EDGE Reward Points can be redeemed against a variety of 500+ options on the Edge Rewards website.

You get a cashback of up to 5% on your spends on the Freecharge app. Other than that, you can earn up to 350 bonus Edge Reward Points per month on the basis of your total spends in the month under its milestone benefits. To know more about the card, its benefits, and fees & charges, go through the full information provided below:

Best Suited For

Shopping |

Joining Fee

Rs. 250 (plus applicable taxes)

Reward Type

Cashback |

Product Details

  • Get the virtual credit card instantly on the Freecharge app.
  • Welcome gift vouchers worth up to Rs. 700.
  • Earn 1% cashback on all your spends.
  • 5% cashback on your spends on the Freecharge app.
  • Up to 50% off on Eros Now annual subscription.
  • Up to Rs. 150 off every month on Shuttl.
  • A credit of up to Rs. 100 every month on Fresh Menu.

Rewards and Benefits

Welcome Benefits

Get a Myntra gift voucher worth Rs. 350 and a Big Basket voucher worth Rs. 350.

Movie & Dining

You get 50% off on an annual subscription on Eros Now and up to Rs. 100 credit every month on the Fresh menu.

Rewards Rate

1% cashback on all spends and 5% cashback on spends on the Freecharge app.

Reward Redemption

The earned EDGE Reward Points can be redeemed through the Edge Rewards website of the Axis Bank. 1 Edge Reward = Re. 0.20.

Travel

You earn up to Rs. 100 credit every month on Shuttl.

Golf

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Insurance Benefits

NA

Zero Liability Protection

The cardholder will not be liable for any unauthorized transactions made on the card post reporting the loss to the bank.

Fees & Charges

Joining Fee

Rs. 250 (plus applicable taxes)

Renewal Fee

Rs. 250

Spend based Waiver

The annual fee is waived off on spending Rs. 50,000 or more in the previous year.

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% of the transacted amount

Interest Rates

3.4% per month

Fuel Surcharge

1% fuel surcharge is waived off for all fuel transactions between Rs. 400 and Rs. 4,000.

Cash Advance Charge

3.5% of the amount withdrawn or Rs. 250 (whichever is higher)

Add-on Card Fee

Nil

Welcome Benefits

You get a Myntra voucher and a Big Basket voucher worth Rs. 350 each on activating your card within 30 days of card issuance.

Axis Bank Freecharge Credit Card Rewards & Cashback

  • You get a 1% cashback on all your regular spends.
  • You earn a cashback of 5% on your spends on the Freecharge app.

Milestone Benefits

Spends within a month Bonus Reward Points
Less than Rs. 1,999 Zero
Rs. 1,999 to Rs. 4,999 100 Edge Rewards
Rs. 5,000 & above 350 Edge Rewards

Rewards Redemption

  • 1 EDGE Reward Point = Rs. 0.2 for redemption against a variety of items.
  • The EDGE Reward Points you earn through your Axis Bank Freecharge credit card can be redeemed via the mobile banking app of axis bank or Axis EDGE Rewards website.
  • The points can be redeemed against 500+ options available there on the website.

Other Benefits

  • Get a discount of up to 10% on Myntra.
  • Earn up to Rs. 100 credit every month on Shuttl.
  • Get up to Rs. 100 credit every month on the Fresh menu.
  • 50% off on annual subscription on Eros Now.

Fuel Surcharge Waiver

  • You get a 1% fuel surcharge waiver for all fuel transactions between Rs. 400 and Rs. 4,000.
  • The maximum fuel surcharge waiver is capped at Rs. 400 per month for this card.

Spend Based Annual Fee Waiver

The annual fee is waived off if you spend Rs. 50,000 or more in the previous anniversary year.

Conclusion

Although the Axis Bank Freecharge credit card doesn’t come with a variety of benefits, it can be considered a significant card for utility bill payments, mobile recharges, etc. As you earn a cashback of 5% on the Freecharge app, you can save a lot on making utility bill payments, mobile recharges, ent payments, etc through the app. Also, if you want a credit card with low joining and annual fees, you can go with this. It also allows you to get Reward Points on your eligible regular spending. Moreover, you don’t need to carry a physical card with you every time as it is a virtual credit card. However, you can get a physical credit card as well with a card issuance fee of Rs. 250 if you meet its requirements. So, it will not be a bad decision to go with the Axis Bank Freecharge credit card as it provides you exclusive reward points with great redemption choices.

FAQs:

Yes, you can get it if the conditions of physical card issuance are met. You will be charged a card issuance fee of Rs. 250 for that.

The joining fee on the Axis Bank Freecharge credit card is Rs. 250 (plus applicable taxes).

No, the Axis Bank Freecharge credit card doesn’t provide any lounge access.

No, you have to pay a joining fee in the first year and an annual fee every year from the second year.

The interest rate on the Axis Bank Freecharge credit card is 3.4% per month.

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