Unlike cards that offer a flat cashback rate, this card uses a tier-based cashback structure. The advertised 7% cashback applies only to eligible online spends above ₹40,000 in a statement cycle, making it important to understand the cashback tiers and exclusions before applying.

Key Takeaways

• Joining fee: ₹1,000 + GST

• Annual fee: ₹1,000 + GST

• Cashback: Up to 7% on eligible online spends, 0.75% on eligible offline and travel spends 

• Online cashback cap: ₹4,000 per statement month

• Welcome benefit: 5,000 EDGE Reward Points (worth ₹1,000)

• Annual fee waiver: Spend ₹4 lakh in the previous anniversary year

• Airport lounge access: Not available

How Much Does the Axis Cashback Credit Card Cost? 

Here's a quick overview of the joining fee, annual fee and welcome benefits offered with the Axis Cashback Credit Card.

*Rent and wallet load transactions are excluded while calculating the annual fee waiver milestone.

Although this is a cashback-focused credit card, the welcome benefit is provided as 5,000 EDGE Reward Points worth ₹1,000 instead of direct cashback. At ₹0.20 per EDGE Reward Point, the welcome benefit effectively offsets the joining fee after the first eligible transaction within 30 days of card issuance.

What Welcome Benefits Do You Get?

New Axis Cashback Credit Cardholders receive the following welcome benefit:

• 5,000 EDGE Reward Points (worth ₹1,000)

• Credited after making the first eligible transaction within 30 days of card issuance

To receive and retain the welcome benefit, the following conditions apply:

• Available only to new Axis Cashback Credit Cardholders who have paid the joining fee.

• Existing Axis Cashback Credit Cardholders and customers upgrading from another Axis Bank credit card are not eligible.

• The qualifying first transaction can be made using either the primary or add-on card.

• The card does not offer a renewal bonus.

• If the card is closed, unredeemed EDGE Reward Points should generally be redeemed within 30 days. Points may also be be forfeited if the account remains overdue for more than 90 days.

Who can apply?

To be eligible for the Axis Cashback Credit Card, applicants generally need to meet the following criteria: 

• Between 18 and 70 years of age

• Indian resident or otherwise eligible under Axis Bank's policy

• Have a stable source of income

• Final approval is subject to Axis Bank's internal credit assessment.

How Does the Cashback Structure Work? 

The Axis Cashback Credit Card uses a tiered cashback structure, with higher eligible online spending earning higher cashback rates. Cashback is automatically credited to your credit card statement before the next statement is generated, so there's no need to redeem reward points or meet a minimum redemption threshold.

Online Cashback Rates 

Your cashback rate depends on your total net eligible online spending during each statement cycle. Net spends include eligible purchases after adjusting for refunds, transaction reversals and EMI conversions. 

The maximum cashback you can earn on eligible online spends is ₹4,000 per statement month. If an eligible transaction is later refunded, cancelled or converted into EMI, the corresponding cashback may be reduced or reversed in a future statement.

Important: The advertised 7% cashback does not apply to all online spending. It applies only to the portion of eligible online spends above ₹40,000 in a statement cycle. Since different spending tiers earn different cashback rates, your effective cashback rate will usually be lower than 7%.

Offline, Travel & Utility Cashback 

The card also rewards eligible transactions outside online shopping, though at comparatively lower rates.

Eligible travel spends include airlines, hotels, railways, travel agencies, car rentals and other merchants recognised by Axis Bank under eligible Merchant Category Codes (MCCs). 

Cashback Exclusions

Cashback is not available on every transaction. The following categories are excluded from earning cashback. 

• Rent payments

• Wallet loading and prepaid wallet transactions

• Fuel purchases

• Government payments

• Insurance premium payments

• Educational institution payments

• Jewellery, watches and precious metal purchases

• Transportation, toll and road fee transactions

• Gift card purchases

Cashback Calculation Example

Here's how cashback is calculated if you spend ₹70,000 on eligible online transactions during one statement cycle. 

Total cashback earned: ₹3,950

Effective cashback rate: 5.64% Approximately

The accelerated cashback on eligible online spends is capped at ₹4,000 per statement month. Based on the cashback tiers, you can earn the full ₹4,000 by spending up to approximately ₹70,715 on eligible online transactions in a statement cycle. Any eligible online spends beyond this point will not earn additional cashback during that statement month. 

What Other Benefits Does the Card Offer? 

In addition to cashback, the Axis Cashback Credit Card offers a few lifestyle benefits that can add value depending on how you use the card.

EazyDiner Dining Offer 

Cardholders receive the following :  

• 25% discount on eligible EazyDiner bookings and dining bills

• Maximum discount of ₹800 per calendar month

• Minimum transaction value of ₹2,500

• Benefit available once every month 

Unused monthly discounts cannot be carried forward. 

Lifetime Free Add-on Cards  

You can apply for lifetime free add-on cards for eligible family members.

Eligible spends made using add-on cards are included when calculating:

• Cashback

• Spending milestones

• Annual fee waiver eligibility 

Airport Lounge Access 

The card does not offer complimentary domestic or international airport lounge access. If lounge access is important to you, you may want to compare it with other travel-focused cards. You can also explore our guide to the Best Credit Cards for Airport Lounge Access in India.  

Other Charges You Should Know 

Besides the joining fee and annual fee, the following charges may apply depending on how you use the card.  

What's Changing from 28 August 2026? 

Axis Bank will revise certain terms and conditions for the Axis Cashback Credit Card from 28 August 2026. While the core cashback structure remains unchanged, the revisions expand cashback exclusions and update certain operational policies.

If you're an existing cardholder or planning to apply, here are the key changes you should know. 

Updated Cashback Exclusions 

The following transaction categories will not earn cashback from 28 August 2026:

• Gift card purchases

• Toll, bridge and road fee transactions

• Rent payments

• Wallet loading transactions

• Fuel purchases

• Government payments

• Insurance premium payments

• Educational institution payments

• Jewellery, watches and precious metal purchases

Gift card purchases will be tracked under a separate Gift Card category but will continue to remain ineligible for cashback, annual fee waiver calculations and other spend-based benefits.

Payment Settlement Order Changes 

From 28 August 2026, payments towards your outstanding balance will be adjusted in the following order:

• Fees and charges

• EMI balances

• Interest charges

• Retail purchases

• Cash advances

Annual Fee Waiver Changes

The annual fee waiver will continue to require ₹4 lakh in eligible annual spends. However, rent and wallet load transactions will not count towards the annual fee waiver milestone.

If you're unsure which transactions count towards Axis Bank's annual fee waiver milestone, read our detailed guide on Axis Bank Credit Card Annual Fee Waiver Rules Explained. 

Is the Axis Cashback Credit Card Worth It? 

The Axis Cashback Credit Card is a strong choice if most of your monthly spending happens online. If you regularly shop on e-commerce websites, pay for subscriptions or spend ₹40,000 or more online in a statement cycle, the card's tier-based cashback programme can deliver excellent value. The ₹1,000 welcome benefit also effectively offsets the joining fee in the first year, provided you meet the eligibility conditions.

However, it may not be the best choice if most of your spending falls under excluded categories such as rent, fuel, insurance, education payments or wallet loads. It also does not offer complimentary airport lounge access. If your eligible online spending stays below ₹40,000 in a statement cycle, a flat cashback card may offer better value. You can also compare it with other top picks in our Best Credit Cards for Online Shopping in India (2026) guide. 

Here are a few alternatives based on different spending needs.

Not sure if the Axis Cashback Credit Card is the right fit? Add your cards to SaveSage to compare cashback, rewards, fees and benefits across multiple credit cards. You can track reward points, estimate cashback on future spends and receive personalised card recommendations based on your spending patterns, making it easier to choose the best cashback credit card for your needs. 

FAQs

1. Does EMI spending earn cashback on the Axis Cashback Credit Card?

Cashback is calculated on eligible purchases. If an eligible transaction is later converted into EMI, refunded or reversed, the corresponding cashback may be reduced or reversed in a future statement according to Axis Bank's terms.

2. Is there a maximum cashback limit on the Axis Cashback Credit Card?

Yes. Eligible online spends earn up to 7% cashback, subject to a maximum cashback of ₹4,000 per statement month. Utility payments earn 0.5% cashback, capped at ₹100 per statement month, while eligible offline and travel spends earn 0.75% cashback with no specified cashback cap. 

3. Does the Axis Cashback Credit Card offer an annual fee waiver?

Yes. The ₹1,000 annual fee is waived if you spend ₹4 lakh or more during the previous anniversary year. Rent and wallet load transactions do not count towards this spending milestone.

4. Is the Axis Cashback Credit Card better than the SBI Cashback Credit Card? 

It depends on how much you spend online each statement cycle. If your eligible online spending is below ₹40,000, the SBI Cashback Credit Card is generally a better choice because it offers a flat cashback structure without spending tiers. However, if your eligible online spending regularly exceeds ₹40,000 in a statement cycle, the Axis Cashback Credit Card can deliver a higher effective cashback rate on the incremental spends above that threshold. Compare the cashback structure and excluded categories of both cards before deciding. 

5. Who should get the Axis Cashback Credit Card?

The card is ideal for users who spend heavily on online shopping, prefer cashback over reward points, and can maximise the higher cashback slabs while avoiding excluded spending categories.