MyFinCards
Axis Bank Freecharge Credit Card

Joining Fee

₹250

Annual Fee

Rs. 250 + Taxes

Forex Markup

3.5% + GST

INTERNATIONAL
Axis Bank
Rewards
Cashback
Shopping
Best For: Freecharge app users seeking instant virtual credit card, Shoppers looking for cashback on Myntra, Swiggy, Amazon Fresh, Occasional travelers wanting Goibibo/MakeMyTrip discounts

Axis Bank Freecharge Credit Card

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.5

Pros

  • Nil joining fee in 1st year
  • Instant virtual card available on Freecharge App
  • Milestone EDGE REWARD Points on monthly spends
  • Wednesday Delight mid-week offers
  • Nil card replacement fee
  • Nil late payment fee for dues under ₹500
  • Waived duplicate statement and charge slip retrieval fees

Cons

  • Invite-only model – not open to all
  • Low base reward rate of 1 EDGE REWARD Point per transaction
  • ₹99 reward redemption fee per EDGE REWARDS redemption
  • ₹199 fee for converting/transferring EDGE points to miles partners
  • 1% surcharge on rental and wallet load transactions
  • 1% fee on fuel transactions above ₹50,000 per statement cycle
  • 1% fee on utility spends above ₹25,000 per statement cycle
  • 1% fee on online skill-based gaming above ₹10,000 per statement period
  • 1.5% dynamic currency conversion markup on top of 3.5% forex markup

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Annual fee waiver does not count rent transactions or wallet load transactions towards spend threshold

Additional ₹100 charge if Minimum Amount Due not paid for two consecutive billing periods

1% fee on education payments through third-party apps

Dynamic Currency Conversion markup of 1.5% plus taxes applicable on certain international transactions

Key Benefits & Features

Virtual instant credit card available on Freecharge App to eligible customers

Up to 10% off on Myntra, up to ₹100 credit on Shuttl monthly, up to ₹120 off on Freshmenu monthly, 50% off Eros Now Annual Subscription

Instant savings of up to 15% on flights & hotels via Goibibo and MakeMyTrip

10% off up to ₹1000 on Tira

Notable Exclusions

Rent transactions not eligible for spends counted towards annual fee waiverWallet load transactions not eligible for spends counted towards annual fee waiverFuel transactions above ₹50,000 cumulative in a statement cycle attract 1% feeEducation payments via third-party apps attract 1% fee on each transactionUtility payments above ₹25,000 cumulative in a statement cycle attract 1% feeOnline skill-based gaming spends above ₹10,000 cumulative in a statement period attract 1% fee

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

About Axis Bank Freecharge Credit Card

The Axis Bank Freecharge Credit Card is a virtual credit card available instantly through the Freecharge mobile app to eligible customers, operating on the Visa Platinum platform with a nominal joining fee of ₹250 and an annual fee of ₹250 (waived in the first year). Designed exclusively for Freecharge app users, the card follows an invite-only model where eligible customers are notified directly within the app, making it accessible and easy to get started without a physical card. The card rewards cardholders through a tiered milestone-based EDGE REWARD Points system. Spending between ₹2,000 and ₹4,999 per month earns 100 points, while spending ₹5,000 and above earns 350 points. These points can be redeemed across 500-plus options. Additional regular reward points are also earned on everyday transactions, giving cardholders consistent value on their spending. Beyond rewards, the card offers a compelling range of merchant benefits, including up to 10% off on Myntra, 10% off on Swiggy and Amazon Fresh, instant savings of up to 15% on flights and hotels via Goibibo and MakeMyTrip, 10% off up to ₹1,000 on Tira, and up to ₹100 credit monthly on Shuttl. Wednesday Delight offers further add mid-week savings, making this card a strong everyday companion for online shoppers and app-first consumers.

Expert Review

Our Verdict

Virtual credit card on Freecharge App with milestone EDGE REWARDS and mid-week Wednesday Delight offers.

Frequently Asked QuestionsAbout Axis Bank Freecharge Credit Card

ELIGIBILITYWho is eligible to apply for the Axis Bank Freecharge Credit Card?
The Axis Bank Freecharge Credit Card operates on an invite-only model. It is not open to all applicants. If you are eligible, you will see a banner notification on your Freecharge Mobile App. There are no publicly disclosed minimum age or minimum income requirements for this card. Keep an eye on your Freecharge App to check if you have received an invitation to apply.
APPLICATIONHow can I apply for the Axis Bank Freecharge Credit Card?
The Axis Bank Freecharge Credit Card is available on an invite-only basis. Eligible customers will see a banner on their Freecharge Mobile App. Once you receive the invite, you can apply directly through the app. The card is available as an instant virtual card, so approved applicants can start using it immediately via the Freecharge App without waiting for a physical card.
FEESWhat are the joining and annual fees for the Axis Bank Freecharge Credit Card?
The Axis Bank Freecharge Credit Card has a joining fee of ₹250. However, the annual fee for the 1st year is Nil, making it effectively free in the first year. From the 2nd year onwards, an annual fee of ₹250 is applicable. Please note that rent transactions and wallet load transactions are not eligible for spends counted towards availing the annual fee waiver.
REWARDSWhat EDGE REWARD Points can I earn with the Axis Bank Freecharge Credit Card?
You earn 1 EDGE REWARD Point per transaction as a base reward. Additionally, you can earn milestone rewards based on your monthly spends: no points for spends between ₹0–₹1,999; 100 EDGE REWARD Points for spends between ₹2,000–₹4,999; and 350 EDGE REWARD Points (100 + 250) for spends of ₹5,000 and above per month. These points can be redeemed across 500+ options on the EDGE portal.
REWARDSIs there a fee for redeeming EDGE REWARD Points?
Yes, a reward redemption fee of ₹99 is charged for each redemption transaction of EDGE REWARD Points or EDGE Miles on the EDGE portal. Additionally, if you wish to convert or transfer your EDGE REWARD Points or EDGE Miles to other miles partner loyalty programs, a fee of ₹199 is levied per instance of conversion or transfer.
BENEFITSWhat are the Wednesday Delight offers on the Axis Bank Freecharge Credit Card?
The Axis Bank Freecharge Credit Card offers special Wednesday Delight deals every week to beat the mid-week blues. These include instant savings of up to 15% on flights and hotels via Goibibo and MakeMyTrip, 10% off on orders via Swiggy and Amazon Fresh, and 10% off up to ₹1,000 on Tira. You can visit the official offers page to avail these deals on Wednesdays.
BENEFITSWhat other merchant offers and benefits does the Axis Bank Freecharge Credit Card provide?
In addition to Wednesday Delight offers, the card provides various merchant benefits including up to 10% off on Myntra, up to ₹100 credit on Shuttl every month, up to ₹120 off on Freshmenu every month, and 50% off on Eros Now Annual Subscription. These offers may be updated periodically, so it is advisable to check the official page regularly for the latest deals.
INTERNATIONALWhat are the foreign currency and international transaction fees on this card?
The Axis Bank Freecharge Credit Card charges a foreign currency transaction fee of 3.5% of the transaction value. Additionally, a Dynamic Currency Conversion (DCC) markup of 1.5% plus applicable taxes is levied on international transactions performed in Indian currency, or transactions at international locations, or transactions in Indian currency with merchants in India but registered in a foreign nation. This makes the effective forex markup up to 5% in DCC scenarios.
FEESAre there any surcharges on fuel, utility, rental, or wallet load transactions?
Yes, several category-based surcharges apply: a 1% fee on rental transactions; a 1% fee on cumulative wallet load transactions of ₹10,000 or more in a statement cycle; a 1% fee on cumulative fuel transactions of ₹50,000 or more in a statement cycle; a 1% fee on cumulative utility spends of ₹25,000 or more per statement cycle; a 1% fee on education payments via third-party apps; and a 1% fee on cumulative online skill-based gaming spends of ₹10,000 or more per statement period.
FEESWhat is the late payment fee structure for the Axis Bank Freecharge Credit Card?
The late payment fee is Nil if your total payment due is less than ₹500. For dues between ₹501–₹5,000, the fee is ₹500. For dues between ₹5,001–₹10,000, the fee is ₹750, and for dues greater than ₹10,000, the fee is ₹1,200. Additionally, an extra charge of ₹100 applies if the Minimum Amount Due (MAD) is not paid by the Payment Due Date for two consecutive billing periods.
FEESWhat fees are waived on the Axis Bank Freecharge Credit Card?
The Axis Bank Freecharge Credit Card waives several fees to reduce your overall cost. These include a Nil card replacement fee, a waived duplicate statement fee, a waived charge slip retrieval or copy request fee, and a waived outstation cheque fee. Mobile alerts for transactions and balance inquiry charges are also free. Late payment fees are also Nil for dues under ₹500.
FEESWhat is the finance charge and cash withdrawal fee on this card?
The finance charge (interest rate) on retail purchases and cash advances is 3.75% per month. For cash withdrawals, a fee of 2.5% of the withdrawn amount applies, with a minimum charge of ₹500. It is advisable to avoid cash withdrawals as they attract both the withdrawal fee and finance charges from the date of the transaction until full repayment.
USAGECan I get an instant virtual card with the Axis Bank Freecharge Credit Card?
Yes, one of the key features of the Axis Bank Freecharge Credit Card is the availability of an instant virtual card on the Freecharge App. Once you are approved, you do not need to wait for a physical card to start transacting. The virtual card is immediately accessible through the Freecharge Mobile App, allowing you to make online and digital purchases right away.
USAGEHow can I redeem my EDGE REWARD Points earned on the Axis Bank Freecharge Credit Card?
You can redeem your EDGE REWARD Points through the EDGE portal, which offers 500+ redemption options. Points can also be converted or transferred to miles partner loyalty programs, although a fee of ₹199 applies per transfer instance. Note that a redemption fee of ₹99 is charged per redemption transaction on the EDGE portal. It is recommended to accumulate sufficient points before redeeming to maximise value after accounting for the fee.
OTHERWhat payment network does the Axis Bank Freecharge Credit Card use, and where is it accepted?
The Axis Bank Freecharge Credit Card runs on the Visa Platinum network, specifically categorised as a Visa Platinum card. This means it is accepted at millions of merchants worldwide, both online and offline, wherever Visa is accepted. The card also supports international transactions, though foreign currency transactions attract a 3.5% forex markup fee. Being a Visa card, it also supports contactless payments where applicable.

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