Axis Cashback Credit Card
Axis Cashback Credit card offers attractive 7% cashback on online spend, which looks great and is almost higher than all other cashback cards, but are you really required to have this card, because there are so many ifs and buts?
We will discuss its spending-based cashback rate with the actual amount and give an ideal spending range for this card to get maximum benefits from it, along with its eligibility, Fees & charges, Pros and cons and lastly, my verdict, so read this review completely and then decide for yourself.
Axis Cashback Credit Card Features
| Feature | Details |
|---|---|
| Joining Fee | ₹1,000 + GST (18%) |
| Annual Fee | ₹1,000 + GST (18%) |
| Fee Waiver | Annual fee waived off on spend of ₹4 Lakh / Year |
| Base Reward Rate | 7% |
| Best Reward Categories | online shopping, travel |
| Forex Markup | 3.5% |
Axis Cashback Credit Card Eligibility Criteria
| Criteria | Details |
|---|---|
| Minimum Income | ₹50,000 / month |
| Employment Type | Salaried & Self Employed |
| Age Requirement | 18-70 Years |
If you have a good credit score with other eligibility requirements as mentioned above, then you can apply for this card. The approval rate is very good.
Axis Cashback Credit Card Rewards & Benefits
| Reward Type | Details |
|---|---|
| Welcome Bonus | Worth ₹1,000 Welcome Bonus to offset joining fee |
| Bonus Categories | Online Spend, Dining, Offline Spend |
| Reward Structure |
|
| Reward Exclusions | No cashback for some categories like Rent, Government, etc. transactions |
7% cashback looks great, but is it really ? Look at it:-
There are tier-wise cashback rate like until your first ₹5,000 spent, this card will give you only 2%, then after ₹5,000 to ₹40,000 (in total on ₹35,000) you’ll get 5% cashback, and after ₹40,000 you’ll get 7% cashback until the limit is exceeded.
Now, many people will be confused and can’t relate with percentage and want to know how much they actually can save with this card; then look at now
- until ₹5,000 spent (2% cashback) = ₹100 Save
- from ₹5,001 to ₹40,000 (5% cashback) = ₹1,750 Save
- After ₹40,001 (7% cashback) = ₹2,150 Save (because of maximum limit of ₹4,000/Month Cashback)
So to make maximum use of this card, you will need to spend around ₹70,000 per month to reach the limit of ₹4,000 / Month maximum cashback, which makes an effective rate of around 5.71%, which is also better than many existing cashback cards.
Now, apart from it, there are many other benefits of this card. Look at that also:-
- 5,000 EDGE Reward Points (~₹1,000) as a welcome bonus to offset the joining fee on 1st spend.
- 25% Discount (up to ₹800) on Dining via EazyDiner, once a month on a minimum bill of ₹2,500, so you can save up to ₹9,600 in this way.
Now, apart from online spend this card has unlimited cashback of 0.75% on offline and travel spends, and 0.5% cashback on utility bill spends up to ₹100 only.
How to Apply for Axis Cashback Credit Card
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Check Eligibility
If your monthly income is ₹50,000 or more , your age falls within 18-70 Years , and you are a Salaried or Self-Employed applicant , and you meet other basic requirements, you can apply for the Axis Cashback Credit Card by following the steps below.
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Click Apply Now
Click the apply button below to visit the official application page. The process is secure, fully online, and can be completed in just a few minutes.
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Fill Application Form
Enter your personal, employment, and income details accurately as per your official documents.
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Submit Documents
Upload PAN, Aadhaar, address proof, and income proof if requested during the application.
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Approval & Delivery
Once approved, your credit card will be dispatched and delivered to your registered address.
Pros & Cons
Pros
- Up to 7% Cashback on online spends (Actually Good)
- Dining discounts via Dining Delights
- Welcome Bonus ~ Joining Fee (so almost fee)
- Annual Fee waived on ₹4 Lakh spend
Cons
- No fuel surcharge waiver & Lounge access.
- utility cashback limited.
- joining and annual fee is higher.
- maximum cashback cap is not so good.
Our Verdict
If you want the best cashback card for online spending from 45-70K / Month, then this card will give you better cashback than any other cashback card, but if your spending range is not in between this range wether it is low or high, then you can get better options.
This card gave very good cashback upto 7% and also a discount on Dining as mentioned above, so ideal for those people who want only for these purposes, because other than that, no major benefit is given by this card, so you can also search for other Cashback Credit Cards and compare with it.
