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AXIS Bank Freecharge Plus credit card Review 2021

Updated: Aug 31, 2021

AXIS Bank Freecharge Plus credit card was a lamed horse gem being let down till now by its monthly cash back cap of Rs 500. Since 12th August this cap will be removed to make all cashback unlimited.

Its USP is 5% cash back on freecharge spends. This takes care of all your Utility, Insurance, recharges even municipal taxes!

I think there will be some confusion with Axis Freecharge Credit card which used to be given as a lower version of this card. However, I think they might discontinue that card and are presently giving away the “Axis Freecharge Plus credit card” as “Axis Bank Freecharge credit card” itself on the Freecharge application.


Axis Bank Freecharge Credit Card is an invite only model, wherein, if the customer is eligible, he/she shall be able to see the banner on their Freecharge Mobile App.

I think this card is worth downloading the Freecharge App. Check under the Financial Services option (see image).

Joining Fee/ Annual Fee

The fee is Rs 350+ taxes= Rs 413.

Annual Fee waived off for subsequent year on annual spends greater than Rs.50,000.

Welcome Offer

Vouchers worth Rs 700 available on making your 1st transaction within 30 days of card issuance.

You can choose any two vouchers worth Rs 350 from a list of merchants. The better options among the merchants are: Uber, Flipkart, Myntra, Big Basket.

Additionally you get Rs 250 in your Freecharge wallet on card approval.

You pay Rs 413 fees but get vouchers/cashback worth Rs 950 (the is Math on your side).

Lounge Access

No lounge access is provided with this card. It’s a simple card geared to maximize savings.

Missing out on domestic lounge access will stop it from being your primary card.

Features and Benefits

This card is loaded with the following cashback Benefits.

  • 5% cashback on on-deck spends done through Freecharge Application

This is a big deal. The NEWS is the cashback is UNLIMITED. Earlier this was limited to Rs 500 but now they seem to be serious about promoting this card. I don’t know how long this will remain uncapped, but lets just make savings while we can.

  • 2% Cashback on local commute including Ola, Uber, Shuttle

This is a ‘Meh’ deal. Uber gift card are easily available on Amazon at 3% discounts.

  • 1% Cashback on all other spends.

This is an acceptable default cashback rate considering its low fees.

Axis Bank Freecharge Plus Credit card Savings Calculator

You can easily save north of 3% with this card even on lower spends. This makes it an outstanding card by any measure.

Kindly go ahead and add in your expected spends to find out how much you will save by using Axis Freecharge Plus Credit card.


In the present form this is an outstanding card at a very low fee.

The rating is


Similar or Better cards

ICICI Amazon pay credit card is its direct competitor which gives you access to Amazon. You could also go with Axis Flipkart credit card in that case too.

However, Axis Freecharge credit card is better if you have high utility, insurance spending.

Other comparable options are SBI SimplyClick or Axis Ace Credit cards.

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