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:
- Joining Fee- Rs. 250 (plus applicable taxes)
- Renewal Fee- Rs. 250
- Best Suited For- Shopping
- Reward Type- Reward Points
- Welcome Benefits- Get a Myntra gift voucher worth Rs. 350 and a Big Basket voucher worth Rs. 350.
Rewards and Benefits
- 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
- Spend based Waiver- The annual fee is waived off on spending Rs. 50,000 or more in the previous year.
- 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- Cash Advance Charge- 3.5% of the amount withdrawn or Rs. 250 (whichever is higher)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
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.
Axis Bank Freecharge Credit Card Features and Benefits
The Freecharge Credit Card offered by Axis Bank has become a popular one as it offers a good cashback rate at a nominal annual fee. Apart from this, the card has several exclusive advantages, which are mentioned below in detail:
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.
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 |
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 if you spend Rs. 50,000 or more in the previous anniversary year.
Axis Bank Freecharge Credit Card Rewards & Cashback
- You earn a cashback of 5% on your spends on the Freecharge app.
- You earn a 2% cashback on selected MCCs – 4121, 4131, 4111, 7512.
- You earn a cashback of 1% on all other spends using this card.
- No cashback is earned on rent payments (via the Freecharge app), fuel transactions, wallet reloads, EMI transactions, cash withdrawals, etc.
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 the Axis EDGE Rewards portal.
- The points can be redeemed against 500+ options available there on the website.
Freecharge Axis Bank Credit Card Fees and Charges
Some of the important fees and charges associated with the Axis Bank Freecharge Card are as follows:
- The annual fee of this credit card is Rs. 250, which is waived off if the cardholder has spent Rs. 50,000 or more in the previous year.
- The interest rate on the Axis Bank Freecharge Credit Card is 3.4% per month.
- The foreign currency markup fee on this credit card is 3.5% of the total transaction amount.
- The cash withdrawal charges of the Axis Bank Freecharge Card are 2.5% of the withdrawn amount subject to a minimum of Rs. 500.
Axis Bank Freecharge Credit Card Eligibility Criteria
The applicants need to fulfill the following eligibility criteria in order to get approved for the Axis Bank Freecharge Credit Card:
- The age of the applicant should be above 18 years.
- The applicant should be a resident of India.
- The applicant should have a stable source of income.
- The applicant should have a decent credit history.
Documents Required
The documents required to apply for the Freecharge Axis Bank Credit Card are as mentioned below:
- Identity Proof: Aadhar Card, Voters’ Id, PAN Card, Driving License, Passport, etc.
- A colored photograph of the applicant (passport-sized).
- Address Proof: Utility bills of latest months, or Aadgar Card.
- Proof of Income: Latest salary slips/bank statements or latest ITR.
How To Apply For The Axis Bank Freecharge Credit Card?
One can apply for the Axis Bank Freecharge Credit Card online as well as offline at their convenience. To apply online, just visit your nearest Axis Bank branch and apply by filling in the physical application form. Make sure to carry the necessary documents with you in this case. If you want to apply online, you can follow a few simple steps as mentioned below:
- Visit Axis bank’s official website.
- Under the ‘Explore Products’ section, click on Cards and then on Credit Cards.
- Find the Freecharge Axis Bank Credit Card and click on ‘Apply Now’ under that.
- Proceed further by filling in all the necessary details.
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, etc through the app. Due to its cashback rate and affordable fee, it can be considered comparable with the Flipkart Axis Bank Credit Card, which is another popular offering of the bank. So, if you want a credit card with low joining/annual fees and decent benefits, you can go with the Freecharge Card. 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.
