Axis Bank Cashback Credit Card
Axis Bank · Closed to new applicants
A closed cashback card: 2%, 5% and 7% back on online spends as the month's online total rises (up to ₹4,000 a statement), a flat 0.75% on offline and travel spends and 0.5% on utility bills (up to ₹100). No fuel surcharge waiver. ₹1,000 joining and annual fee, waived at ₹4 lakh of spend.
- Annual fee
- ₹1,000 + GST a year
- Joining fee
- ₹1,000 + GST
- Fee waiver
- Annual fee waived on ₹4,00,000 spend per card year
- Base rate
- 0.75% cashback on offline and travel spends: 0.75% cashback (about 0.75% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 23 Oct 2026
Main earn rates
- 2% / 5% / 7% cashback on online spends, by the month's online total: 2% cashback up to ₹5,000; 5% cashback up to ₹40,000; 7% cashback above ₹40,000 (about 2% at cash value)
Earns nothing on
- No cashback on tolls, insurance, education, government, jewellery, wallet, rent, fuel, gift cards or EMI conversions
Where the sources disagree
- Transportation in the cashback exclusions: The 2025-06-20 notice excludes "Transportation & Tolls", which other Axis documents for cards from Citi give as MCCs 4111, 4121, 4131 and 4784 (local transport, taxis, buses and tolls); the current T&C excludes only "Bridge Fees, Road Fees & Tolls" and lists railways and other travel codes as earning the travel rate. The T&C is used: cabs are not excluded.
- Annual fee for existing customers: The product page, KFS and T&C show a ₹1,000 annual fee with a ₹4 lakh spend waiver. The T&C limits both to customers onboarded through Axis Bank's portal on or after 2024-06-01 and the MITC says the waiver is "not applicable" to existing credit card customers, whose fee is as communicated on onboarding. The ₹1,000 fee with the waiver is entered for a card issued today.
Terms the calculator does not value
- The calculator's categories are coarser than Axis's merchant codes. Cab and local transport (4111, 4121, 4131) sit in the travel-other category but are not on Axis's travel list, so cab rides paid online would earn the 2% to 7% online rate rather than the 0.75% entered. Telecom bills in MCCs 4816 and 4899 (broadband, DTH) earn 0.5% rather than the rate of the telecom category's channel.
- Net online spend sets the tier in a statement month, and a reversal after the statement is debited against a later month; the calculator uses an even monthly spend and does not model negative months.
- The card is closed to new applicants; the calculator values the terms of a card issued today, which Axis no longer offers. Customers who moved from Citi Cash Back kept their own annual fee.
- The T&C names Visa and Mastercard but does not say which one a cardholder gets or whether both are issued; both are entered.
Sources
- Axis Bank Cashback Credit Card product page (Product page, the bank's own, read 20 Oct 2026)
- Axis Bank Cashback Credit Card Member Terms and Conditions (PDF created 2026-08-24) (Reward terms, the bank's own, read 20 Oct 2026)
- Revision of CASHBACK Credit Card Terms and Conditions (effective 2025-06-20 and 2025-10-01; PDF created 2026-08-17) (Bank notice, the bank's own, read 20 Oct 2026)
- Axis Bank credit cards Key Fact Sheet (last updated 2026-10-08) (Schedule of charges, the bank's own, read 20 Oct 2026)
- Axis Bank credit cards Most Important Terms and Conditions (PDF created 2026-10-08) (Most important terms (MITC), the bank's own, read 20 Oct 2026)
- Revision of Axis Bank Credit Card Terms and Conditions, effective 2026-08-28 (generic notice) (Bank notice, the bank's own, read 20 Oct 2026)
- Axis Bank credit card listing (41 cards) (Product page, the bank's own, read 20 Oct 2026)
- Axis Bank migration page for former Citi Cash Back Credit Card holders (Product page, the bank's own, read 20 Oct 2026)
- Citi-Axis migration FAQs, credit cards (June 2024) (FAQ, the bank's own, read 20 Oct 2026)