Axis Cashback Credit Card

About Axis Cashback Credit Card

Are you tired of tracking reward points that expire before you can even use them? The Axis Cashback Credit Card simplifies your financial life by putting real money back into your pocket. Instead of complex point systems, this card focuses on direct value that reflects right in your monthly statement.

This card is built for high-spending professionals who value simplicity. If you are someone who spends at least ₹35,000 monthly across various categories, this card helps you recover your costs effectively. It is a straightforward financial tool designed for those who want their savings to be automatic and visible.

Targeted at individuals earning ₹6 lakh or more annually, the Axis Cashback Credit Card bridges the gap between premium lifestyle cards and basic entry-level options. It ensures that your high-value transactions contribute toward meaningful savings without the need to browse through massive reward catalogues.

What sets it apart:

• Effective Zero Cost Joining: You get ₹1,000 worth of EDGE Reward Points on your very first transaction, which completely offsets the joining fee.
• Automatic Statement Credit: Unlike other cards where you have to manually redeem points, the cashback here is adjusted against your outstanding balance.
• Clear Path to Fee Waiver: Spend ₹4,00,000 in a year, and the bank waives your annual fee entirely.

Quick check: To qualify for this card, you will need a minimum annual income of ₹6 lakh if you are salaried, or ₹7 lakh if you are self-employed, along with a CRIF score of 750 or above.

Let's break down why this card stands out in a crowded market:

Key Benefits and Features of the Axis Cashback Credit Card

The Axis Cashback Credit Card is designed to reward consistent spending while removing the traditional hurdles associated with credit card rewards. Here is a detailed look at what you get when you carry this card in your wallet.

Joining Benefit: Neutralise Your Entry Cost

Most credit cards charge a joining fee that feels like a sunk cost. With this card, the ₹1,000 joining fee is effectively refunded. When you make your first transaction, the bank credits your account with ₹1,000 worth of EDGE Reward Points. This means your entry into the Axis cashback ecosystem is essentially free, provided you use the card at least once after receiving it.

Direct Statement Cashback

The standout feature of this card is the redemption process. Most cards require you to visit a portal, select a voucher, or buy a product from a catalogue. This card treats cashback as real money. Your earned cashback is automatically adjusted in your monthly statement. This makes it a zero-hassle experience where you can see your bill amount decrease based on your previous month's spending.

Annual Fee Waiver for Power Users

The annual fee for the Axis Cashback Credit Card is ₹1,000. However, the bank provides a clear milestone to get this waived. If you spend ₹4,00,000 or more within your anniversary year, the renewal fee is cancelled. For a person spending roughly ₹33,500 per month, this card becomes a lifetime-free product in practice.

Eligibility and Credit Requirements

To access these benefits, the bank has set specific eligibility standards. Applicants must be between 21 and 70 years of age. Financial stability is key, as the bank requires a minimum annual income of ₹6,00,000 for salaried employees and ₹7,00,000 for self-employed individuals. Additionally, a strong credit history is mandatory, with a required CRIF score of 750 or higher to qualify.

Understanding the Spend Exclusions

While this card is excellent for general spending, it is important to know where you will not earn rewards. To plan your spends effectively, note that the following categories are excluded from cashback earnings:

• Fuel purchases and toll payments
• Digital wallet loads and rent payments
• Insurance premium payments
• Utility bill payments and government-related transactions
• Educational fees and voucher purchases
• EMI transactions and ATM cash withdrawals
• Gambling transactions and Forex markups

How to Apply for the Axis Cashback Credit Card

The application process is designed to be straightforward and can be completed mostly online. Follow these steps to start your application:

1. Check Your Eligibility: Before applying, ensure you meet the age criteria of 21-70 years and have a CRIF score of at least 750.
2. Visit the Official Portal: Navigate to the Axis Bank credit cards section or use the provided application link to start the digital form.
3. Fill in Details: Provide your personal information, including your mobile number, PAN, and employment details. Remember that salaried individuals need to show an income of ₹6 LPA, while self-employed applicants need ₹7 LPA.
4. Submit Documentation: Upload the necessary identity and income proofs as requested by the bank's digital KYC process.
5. Wait for Verification: The bank will review your credit history and income documents. You may receive a call for further verification or a physical document pickup.
6. Card Activation: Once approved and received, you must make a minimum transaction of ₹100 within 30 days to activate the card and remain eligible for rewards.

Processing timelines typically range from 7 to 10 working days, though this varies based on your location and profile verification.

Credit Limit: What to Expect

Credit limits are assigned based on your income, credit score, and existing banking relationship. Applicants with this income profile typically receive initial limits between ₹50,000 and ₹3,00,000. Higher income levels and a CRIF score above 750 directly contribute to securing a more substantial limit. If you maintain a good repayment track record for 6-12 months, you can request a limit enhancement through the Axis Bank mobile app or customer care.

Comparison Table: Axis Cashback vs. Competitors

To understand where the Axis Cashback Credit Card sits in the market, we compared it with other popular cashback options in India.

If you prefer a card that automatically clears your dues using earned cashback without any manual intervention, the Axis Cashback card is a strong choice. However, if your spending is heavily concentrated on online marketplaces like Amazon or Flipkart, the SBI Cashback card might offer a higher percentage of savings, albeit with a lower fee waiver milestone.

Documents Required for Axis Cashback Credit Card Application

You'll need to submit the following documents when applying:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), Rent Agreement, or Property Tax Receipt
• Income Proof: Latest 3 months' salary slips and 6 months' bank statements
• Employment Proof: Office ID card or employment letter

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), or Property Documents
• Income Proof: Latest 2 years' ITR with computation of income, 6 months' bank statements, and CA-certified financials
• Business Proof: Business registration certificate, GST registration (if applicable), or Shop Act License

Note: All documents must be self-attested. The bank may request additional documents during verification.

Who Should Get This Card?

Should you get this card? Here is who benefits most based on real spending patterns:

The "Set-and-Forget" Spender: If you are a professional who spends about ₹40,000 every month but hates logging into reward portals to redeem points, this card is for you. Since the cashback is adjusted against your statement automatically, you save time and ensure no reward ever goes to waste. By spending ₹4.8 lakh annually, you also ensure the card remains effectively free by crossing the waiver threshold.

The High-Income Earner: If your annual income is above ₹7 lakh and you want a secondary card to handle general spends that don't fit into your primary co-branded cards, this is a great fit. It offers a solid CRIF-based entry and provides a clean, professional banking experience with Axis.

You might want to skip this card if:

• You spend heavily on utilities, rent, and insurance. Since these are excluded from cashback, you will not earn anything on your largest monthly bills.
• Your annual spending is below ₹2 lakh. In this case, you might find it hard to justify the ₹1,000 annual fee, and a lower-fee card like the Axis Ace might be more economical.

BankKaro Expert Review

Based on the card's features, the Axis Cashback Credit Card excels at providing a straightforward, no-nonsense financial experience. I particularly appreciate the joining benefit; getting ₹1,000 in EDGE points on your first transaction removes the psychological barrier of a joining fee. It is a smart move by the bank to make the card feel "free" from day one.

The biggest limitation, however, is the extensive list of exclusions. In today's economy, a large portion of a household's budget goes toward utilities, insurance, and education. By excluding these, Axis has limited the card's utility as a "primary" card for the average middle-class family. You have to be strategic about what you swipe this card for to truly maximize its value.

Our verdict: Choose this card if you have high discretionary spending on retail and lifestyle and want the simplest possible redemption process. The automatic statement credit is a massive plus that shouldn't be undervalued. It removes the friction of "using" your rewards, which is where most other cards fail. If your goal is a clean statement with visible savings, this card delivers.

Terms and Conditions

• The bank may offer a different card variant based on your eligibility. Please carefully read the features of the card offered before submitting your application.
• A minimum transaction of ₹100 within 30 days is required to activate the card. Failure to do so will result in the loss of eligibility for the joining rewards.
• Cashback is not applicable on transactions converted into EMI, fuel spends, or wallet loads.
• Finance charges are standard at 3.6% per month (52.86% per annum), with late payment fees applied based on the total outstanding amount.