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Axis Bank Cashback Credit Card launched! 7% cashback on online spends

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The Axis Bank Cashback Credit Card offers a variety of rewards and benefits, designed to maximize your savings on everyday expenses.

Key Features:

- Fees: Joining fee of ₹1,000 + GST and an annual fee of ₹1,000 + GST (waived if annual spends exceed ₹4 lakhs).

- Welcome Benefit: 5,000 EDGE Reward Points (worth ₹1,000) on the first transaction within 30 days of card issuance.

- Cashback Structure:
  - 0.75% on offline transactions and travel spends.
  - 2% on online spends up to ₹5,000.
  - 5% on online spends between ₹5,001 and ₹40,000.
  - 7% on online spends above ₹40,000.
  - Total monthly cashback capped at ₹4,000.
  - 0.5% on utility transactions, capped at ₹100 per statement.

- Additional Benefits: 25% instant discount up to ₹800 per month on dining through EazyDiner with a minimum transaction of ₹2,500.

Exclusions and Limitations:
- No cashback on rent payments, wallet loads, fuel, insurance, government institutions, education, and specific merchant category codes (MCCs).
- No fuel surcharge waiver.
- Cashback adjustments for transaction reversals and EMI conversions.
- No cashback during the block period of the card.

Image for illustration purposes only:

Screenshot20240616150700



Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
Deal Cadet Deal Cadet
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sbi cb still looks better, afraid with axis random exclusion list.

Like Magnet Like Magnet
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This card has an overall reward rate of around 5.8% on meeting spends criteria.

Commentator Commentator
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that will be Rs.70714 for 4k CB right? comes around 5.66% so for those
1) online spends upto 40k, SBI CB will give 2k CB and Axis CB will give 1850CB (SBI wins by 150Rs)
2) online spends upto 70,714, SBI CB will give 3535 CB and Axis CB will give 4k CB (Axis wins by 465Rs)
3) online spends upto 1L, SBI CB will give 5k CB and Axis CB will give 4k CB (SBI wins by 1000Rs)

Deal Subedar Deal Subedar
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this is a trapping card:) not worth it because many wont spend 40k a month lol smile try to get SBI cashback and not this soon to be devalued axis card xD

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Deal Subedar Deal Subedar
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Bummer 

0.75% on offline & 0.5% on utility upto 100 😌

Like Magnet Like Magnet
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Good for occasional loots like the superpe grocery mcc loot.

Like Magnet Like Magnet
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This card has an overall reward rate of around 5.8% on meeting spends criteria.

Commentator Commentator
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that will be Rs.70714 for 4k CB right? comes around 5.66% so for those
1) online spends upto 40k, SBI CB will give 2k CB and Axis CB will give 1850CB (SBI wins by 150Rs)
2) online spends upto 70,714, SBI CB will give 3535 CB and Axis CB will give 4k CB (Axis wins by 465Rs)
3) online spends upto 1L, SBI CB will give 5k CB and Axis CB will give 4k CB (SBI wins by 1000Rs)

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Deal Cadet Deal Cadet
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I hold three credit cards from axis. Can I get this?

Deal Captain Deal Captain
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Yes, now Max 4 cards are allowed per customer i.d

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Deal Cadet Deal Cadet
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sbi cb still looks better, afraid with axis random exclusion list.

Firestorm Firestorm
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Will for go it as 3rd Axis Card..

As i don't have Any Sbi and HDFC Card.

Cool Cool
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SBI CB is just better.

Perfectionist Perfectionist
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I am Afraid its Axis Bank - Devaluation is near

Generous Generous
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Can't trust axis

After 3 months they will devalue it

Deal Newbie Deal Newbie
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Shit cashback card

Deal Captain Deal Captain
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Will this be excluding regular 10% bank offers of AXIS , just like SBI cb?

Benevolent Benevolent
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Delete this comment fast.

Deal Newbie Deal Newbie
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If it will be given ltf cc then only it will be better than SBI. As SBI will never offer any ltf cc.

Savings Mentor Savings Mentor
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@ Axis Bank, since the image is same as Axis Ace, can you please replace my Ace with this one? 🤣

Helpful Helpful
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Im hopeful and want to upgrade to this cashback from ace, same as u sunglasses

Deal Cadet Deal Cadet
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7% cashback on single transaction greater than 40k or cumulative transaction more than 40k?

Helpful Helpful
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Cumulative

Deal Subedar Deal Subedar
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this is a trapping card:) not worth it because many wont spend 40k a month lol smile try to get SBI cashback and not this soon to be devalued axis card xD

Generous Generous
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But if it gets combined with 10% discount then it can be good card for first year

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Talk-Of-The-Town Talk-Of-The-Town
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SBI CASHBACK Card is still better than this Card.

Deal Subedar Deal Subedar
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Can we apply via customer care on pre approval basis

Post Emperor Post Emperor
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Ye to tatti hai
Deal Subedar Deal Subedar
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And what the hell is travel exclusion?

Hotel booking also excluded?

Benevolent Benevolent
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Vo bulati h lekin janeka nai = Axis pray

Deal Subedar Deal Subedar
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How to Get this Card ??

Deal Cadet Deal Cadet
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Those having SBI cb only apply if you are getting it LTF, else useless 

Deal Newbie Deal Newbie
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Not much useful

Beacon Beacon
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not about % matter capping is the important
Deal Lieutenant Deal Lieutenant
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Scrap

Deal Newbie Deal Newbie
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How to apply?

Cool Cool
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This will just have a turmoil effect on SBI CB CC.

These axis guys are launching a card similar to CB CC then they'll deploy devaluations by one in different terms, maybe CB % or up to a limit CB will be less or something of the kind.

SBI CB CC will follow the footsteps, at the end every company wants profits, this'll surely cross their mind.

Deal Newbie Deal Newbie
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Now they are migrating CITI CASHBACK card to Axis cash back card. whoever using this citi they 'll get AXIS cash back

Generous Generous
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MY CITI oil card is LTF but
Generous Generous
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This card is for loosers, 

-SBI is king of bannking in india

-SBI cashback is king of credit card 

AXIS team is bunch of reatireded schznio who only knows how to chase customer away with their decision

Deal Subedar Deal Subedar
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Online travel spends will get 0.75% cashback?

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