Axis Bank Freecharge Credit Card

Joining fee

₹250 to join.

Annual feeAdd-on card fee

₹0Nil for the 1st Year, ₹250 for the 2nd Year

Fee waiver rule

Rent Transactions and wallet load transactions will not be eligible for spends counted in availing annual fee waiver.

Reward exclusions

Excluded from reward earn: Rent, Wallet load, Gold & Jewellery, Fuel, Financial Institutions, Cash advances and Repayments

Point expiry

The Bank will reserve the right to forfeit unredeemed EDGE REWARD Points post 30 days of your credit card closure or if the minimum amount due is outstanding for more than 90 days

Milestone benefits

Milestone reward: Spends per month ₹2000 to ₹4999 earn 100 EDGE REWARD Points; ₹5000 and above earn 350 (100 + 250)

Fuel surcharge waiver

Fuel Transaction Surcharge: 1% of transaction amount; Refund not applicable on AXIS BANK FREECHARGE Credit Card

Forex markup

3.5% on foreign currency transactions.3.5% of the transaction value

Dynamic currency conversion markup

3.5% + GST3.5% plus taxes on each international transaction performed in Indian currency at international location or with merchants registered in a foreign nation

Cash advance fee

2.5% (Min. ₹500) of the cash amount.

Interest on unpaid balance

3.75% per month

Interest-free period

20 to 50 days interest-free when you pay in full.

Late payment fee

Nil for Amount < ₹500; ₹500/- for Amount between ₹501 – ₹5000; ₹750/- for Amount between ₹5001 – ₹10,000; ₹1,200/- for Amount between ₹10,001 – ₹50,000; ₹1,300/- for Amount > ₹50,000.

Over-limit fee

2.5% of the over-limit amount (excluding interest, fees, charges and taxes), subject to a minimum of ₹500

Payment return or dishonour fee

2% of the payment amount, Min. ₹500.

Statement or duplicate statement fee

Duplicate statement fee: Waived

Card replacement fee

Replacement fee: Waived

Cash payment / cash deposit fee

₹175 per payment transaction for cash payment at branches (daily limit for cash payment is ₹50,000)

Education / school fee charge

1% fee per transaction on education payments made via third party apps.

Fee for paying the bill by cheque

Outstation cheque fee: Waived

Fee on online skill-based gaming spends

1% fee on cumulative spends of ₹10,000 or more on online skill-based gaming platforms in a statement cycle.

Wallet load charge

1% fee on cumulative spends of ₹10,000 or more on wallet loads per statement cycle.

What the card's fee or benefit year means

Anniversary Year is the period of 12 months from the date of issuance of the card and every 12-month period thereafter

Fuel transaction fee

1% fee on cumulative spends of ₹50,000 or more on fuel transactions per statement cycle.

Rent transaction fee

1% fee per transaction on each rental transaction; taxes applicable as notified by Government of India

Utility transaction fee

1% fee on cumulative spends of ₹25,000 or more on utilities per statement cycle.

GST note

GST, as notified by the Government of India, is applicable on all fees, interest and other charges, and is subject to change as per relevant regulations of the Government of India

Grace days after the due date

Grace period of 3 days from the payment due date, where payments are not overdue; the customer must clear dues by the payment due date mentioned in the credit card Statement.

Minimum amount due

Sum of all instalments, all Fees, interest / finance charges, taxes, the amount utilized over the credit limit (if any) and 2% of remaining balance outstanding, subject to a minimum of ₹100

Eligibility

Invite only: if the customer is eligible, he/she shall be able to see the banner on their Freecharge Mobile App