Axis Bank Cashback Credit Card

Name: Axis Bank Axis Bank Cashback Credit Card
Brand: Axis Bank
Price: 1180 INR
Rating: 5.82 (1 reviews)

Ranked #17 of 170 in credit

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Axis Bank's successor to the Citi Cashback card, offering tiered online cashback up to a marketed 7% — though the effective real-world rate is lower, and users report MCC misclassification disputes with the bank.

Score breakdown

Data completeness: 100% · Last verified: 09 Jul 2026

Reward value54/100 · weight 71%

≈ 2.77% effective on the standard basket (eligible spend only)

Wide-coverage rewards: +0.9% score bonus — earns broadly without narrow category restrictions.

No rewards on: rent, fuel, insurance. Reward score is scaled by ×(1 − 3.6%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.

Fee efficiency91/100 · weight 12%

Redemption flexibility92/100 · weight 9%

Perks15/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee: ₹1,000 + 18% GST
= ₹1,180 total
Annual fee: ₹1,000 + 18% GST
= ₹1,180 / year total
Forex markup: 3.5%

Lounge access

Domestic (per year): 0
International (per year): 0

Reward structure

Category	Type	Rate	Cap	Notes
online_shopping	cashback	7%	—	Tiered: 2% up to Rs 5K/month, 5% Rs 5K-40K, 7% above Rs 40K online spend; effective blended rate ~5.6%, marketing overstates true rate
food_delivery	cashback	5%	₹500 / monthly	Online spends only ‚Äî Swiggy/Zomato style merchants
online_spends	cashback	5%	₹4,000 / monthly	Tiered online cashback: 2% on first ₹5k, 5% on next ₹35k, 7% above ₹40k; max ₹4,000/statement. Approximated at 5% with ₹4,000 monthly cap.
all_spends	cashback	1%	—	Base rate on every spend
offline_spends	cashback	0.75%	—	Unlimited 0.75% base cashback offline/travel
utilities	cashback	0.5%	₹100 / monthly	0.5% cashback capped at just Rs 100/statement
government	cashback	0%	—	No cashback on government payments
insurance	cashback	0%	—	No cashback on insurance
wallet_load	cashback	0%	—	No cashback on wallet loads
rent	cashback	0%	—	No cashback on rent
fuel	cashback	0%	—	No cashback on fuel
education	cashback	0%	—	No cashback on education

No rewards on

These categories earn zero rewards on this card. Reward score is scaled down by up to −5%, proportional to how much of the standard basket sits in the excluded categories (v4.3 formula).

fuelrentwallet loadgovernmentinsurancejewelleryeducationcash advancesfeesinterestreversalsexcluded MCCs

Welcome offer

5,000 EDGE Reward Points (~Rs 1,000 value) on first transaction within 30 days, no minimum spend required

Milestone benefits

Pros

Tiered online cashback up to 7% on monthly online spend above Rs 40,000 (2% up to Rs 5,000, 5% Rs 5,000-40,000, 7% above Rs 40,000)
unlimited 0.75% base cashback on offline/travel
auto-credited, no manual redemption
15% EazyDiner discount up to Rs 500/month

Cons

IMPORTANT: Marketed '7% cashback' headline is misleading — effective blended rate rarely exceeds ~5.6% due to tiered structure requiring very high spend to hit top tier
multiple user reports of Axis incorrectly classifying online transactions (e.g. AJIO) as 'offline' via MCC codes, denying the accelerated rate — a real operational/trust issue
low 0.5% utility cashback capped at just Rs 100/statement
no lounge access or fuel surcharge waiver despite Rs 1,000 fee

What's inside

More benefits

Welcome EDGE Reward Points
₹1,000
5,000 EDGE Reward Points (worth ₹1,000) on first transaction within 30 days
one time.
EazyDiner discount
25% off via EazyDiner, min bill ₹2,500
Cap ₹800 / monthly.
Contactless & EMI
Contactless payments, EMI conversion on eligible purchases, fraud protection and card controls
yearly.
Fuel surcharge waiver
1% waiver on eligible fuel transactions
Cap ₹3,000 / yearly. Standard range

Insurance cover

text: ₹NaN

Eligibility

text: Age 18-70, Indian resident (originally offered to migrating Citi Cashback cardholders, now open to all)

Small print

Fuel surcharge:No fuel surcharge waiver on this card