Axis Bank Freecharge Credit Card
Joining Fee: ₹250 + GST
Renewal Fee: ₹250 + GST
Reward Type: Reward Points
Rewards Rate
1% cashback on all spends.
5% cashback on spends made through the Freecharge app.
Reward Redemption:
Edge Reward Points: Redeem through the Axis Bank Edge Rewards website. Each 1 Edge Reward = ₹0.20.
Airport Lounge Access
Domestic Lounge Access: Not available.
International Lounge Access: Not available.
Milestone Benefits
Monthly Spend Bonus:
Less than ₹1,999: No bonus points.
₹2,000 to ₹4,999: Earn 100 Edge Reward Points.
₹5,000 and above: Earn 350 Edge Reward Points.
Additional Benefits
Myntra Discount: Enjoy up to 10% off on Myntra purchases.
Shuttl Credit: Receive up to ₹100 credit every month.
Fresh Menu Credit: Get up to ₹100 credit every month.
Eros Now Discount: Save 50% on annual subscription.
Spend-Based Annual Fee Waiver
Annual Fee: ₹250, which is waived if you spend ₹50,000 or more in the previous anniversary year.
Finance & Forex Charges
Interest Rate: 3.6% per month.
Foreign Currency Markup Fee: 3.5% of the total transaction amount.
Cash Withdrawal Charges: 2.5% of the withdrawn amount, with a minimum charge of ₹500.
Summary
The credit card offers several cashback and discount benefits. You can enjoy 50% off an Eros Now annual subscription and up to ₹100 credit monthly for Fresh Menu and Shuttl rides. The card provides 1% cashback on all spends and 5% on transactions via the Freecharge app, with Edge Reward Points redeemable at ₹0.20 each through the Axis Bank Edge Rewards website. There is no domestic or international lounge access, and no golf or insurance benefits are provided. Milestone rewards include 100 Edge Reward Points for spending ₹2,000 to ₹4,999, and 350 points for spending ₹5,000 or more. Additional perks include up to 10% off on Myntra purchases and the same ₹100 monthly credit for Shuttl and Fresh Menu. The annual fee of ₹250 is waived if you spend ₹50,000 or more in the previous year. Other fees include a 3.6% monthly interest rate, 3.5% foreign currency markup, and 2.5% cash withdrawal fee (minimum ₹500).