Joining Fee

₹250

Annual Fee

Rs. 250 + Taxes

Forex Markup

3.5% + GST

INTERNATIONAL

Late Payment Charges

Total amount due	Late fee
Up to ₹500	Nil
₹501 to ₹5,000	₹500
₹5,001 to ₹10,000	₹750
Above ₹10,000	₹1,200

Minimum ₹0 · Additional ₹100 if unpaid

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

These details are based on information updated on 6 March 2026. Fees and benefits change often - confirm on the issuer's own page before applying.

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.

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