Axis Bank Cashback credit card review: fees, rewards and eligibility
The Axis Bank Cashback has a recorded annual fee of ₹1,000 plus GST and a base earn of 0.75% statement cashback on eligible offline and travel spend. CardMasters checked its issuer terms on 2026-08-23. Affiliate commission never changes ranking; confirm final terms and approval with Axis Bank.
Axis Bank Cashback: short answer
The Axis Bank Cashback is in the entry tier of Axis Bank credit cards, with a joining fee of ₹1,000, an annual fee of ₹1,000 plus GST (waived on ₹4,00,000 of eligible annual spend), a base earn of 0.75% statement cashback on eligible offline and travel spend and a 3.5% forex markup. Rewards are not earned on transportation, tolls, insurance, education, jewellery. It suits cashback, online shopping, travel spending; whether it beats a card you already hold depends on your own spend mix and redemption choices.
Source: CardMasters issuer-evidence catalogue, release 2026-08-23. Confirm final terms with the issuer.
Reward structure
0.75% statement cashback on eligible offline and travel spend
- Specialx rewards on eligible online spend excluding travel (₹4,000 monthly cap) — Progressive statement-cycle cashback: 2% on the first ₹5,000, 5% on the next ₹35,000 and 7% above ₹40,000, capped at ₹4,000 total. Online travel remains on the 0.75% route.
- 0.5% value on eligible utility bill payments (₹100 monthly cap)
Eligibility and important limits
minimum age 18 Axis Bank publishes an indicative 18–70 age range and resident-Indian requirement, but no card-specific income or numeric bureau-score cutoff. Final approval remains with the issuer. Approval remains solely at the issuer’s discretion.
Does not earn: transportation, tolls, insurance, education, jewellery, precious metals, watches, government, wallet load, rent, fuel.
Important limit: 20 June 2025: cashback exclusions moved from individual MCC identification to spend-category identification; the excluded categories did not change.
Frequently asked questions
What is the annual fee for the Axis Bank Cashback?
The published annual fee in our current record is ₹1,000 plus applicable GST. It can be waived after ₹4,00,000 of eligible annual spend, subject to issuer terms.
How do rewards work on the Axis Bank Cashback?
0.75% statement cashback on eligible offline and travel spend. Accelerated routes include Specialx rewards on eligible online spend excluding travel (₹4,000 monthly cap); 0.5% value on eligible utility bill payments (₹100 monthly cap). Reward value depends on the eligible transaction route and redemption method.
Which transactions do not earn rewards on the Axis Bank Cashback?
The current issuer-sourced exclusions recorded by CardMasters include transportation, tolls, insurance, education, jewellery, precious metals, watches, government, wallet load, rent, fuel. Merchant category coding and issuer terms determine final eligibility.
Who should consider the Axis Bank Cashback?
It is most relevant for people focused on cashback, online shopping, travel. Whether it improves your wallet still depends on your actual spending, existing cards, fees and redemption choices.
Is the Axis Bank Cashback worth it?
It is worth holding only when the rewards and benefits you will genuinely use exceed ₹1,000 plus GST each year. The fee is waived at ₹4,00,000 of eligible annual spend, so check whether you reach that without forcing spend. Value the rewards at a realistic redemption rate, not the issuer's best-case example.
What is the eligibility for the Axis Bank Cashback?
The published minimum age is 18. Axis Bank publishes an indicative 18–70 age range and resident-Indian requirement, but no card-specific income or numeric bureau-score cutoff. Final approval remains with the issuer. Approval, credit limit and final pricing are decided solely by the issuer.
What is the forex markup on the Axis Bank Cashback?
The recorded foreign-currency markup is 3.5% before GST. On ₹1,00,000 of international spend that is about ₹3,500 in markup, so compare it against any rewards earned on overseas transactions.
Does the Axis Bank Cashback offer airport lounge access?
Domestic lounge access: none. International lounge access: none. Spend conditions and guest charges are set by the issuer and can change.