Axis Bank · with FreechargeVisaLast checked 12 Oct 2026invite-only
The Axis Bank Freecharge Credit Card costs Rs 250 a year. Its base return is 0.1%. The forex markup is 3.5%. Read from the issuer's own documents on 12 Oct 2026.
AxisAxis Bank FreechargeCard design not shown
Annual fee
Rs 250+ GST
Fee waived at
—
Base return
0.1%
Forex markup
3.5%
Interest
3.75%a month
Fees
Joining fee
Rs 250
Annual fee
Rs 250
Fee notes
Joining fee Rs 250; annual fee nil in year 1, Rs 250 from year 2 (issuer page). Page mentions an annual fee waiver (rent and wallet loads do not count) but gives no threshold.
Rewards
Reward currency
EDGE Reward Points
Base earn
1 EDGE RP per Rs 200 (the product page text says 'You get 1 EDGE REWARD Point' without the spend unit; the Rs 200 unit is from Axis's own promotional tile for this card)
Base return
0.1%
Point value
Rs 0.20 per EDGE Reward Point (issuer value stated on other Axis card pages; not restated on this page)
Milestone benefits
Monthly spend Rs 2,000-4,999: 100 EDGE RP; Rs 5,000 and above: 350 EDGE RP (100 + 250)
Reward notes
base_return_pct = 1 point per Rs 200 x Rs 0.20 = 0.1%. Monthly milestone adds 350 points (Rs 70) at Rs 5,000 spend, i.e. 1.4% at exactly that level. Redemption fee Rs 99 per redemption on the EDGE portal; Rs 199 per transfer to partner programmes (issuer page).
Travel and perks
Forex markup
3.5%
Fuel surcharge waiver
None (MITC)
Other freebies
Up to 10% off on Myntra; up to Rs 100 credit on Shuttl every month; up to Rs 120 off on Freshmenu every month; 50% off Eros Now annual subscription; Wednesday offers. Virtual card issued instantly on the Freecharge app.
Charges and eligibility
Interest per month
3.75%
Late payment fee
Nil up to Rs 500 due; Rs 500 (501-5,000); Rs 750 (5,001-10,000); Rs 1,200 (10,001-50,000); Rs 1,300 above 50,000; plus Rs 100 per cycle if minimum due is missed two cycles running
Cash advance fee
2.5% of amount, min Rs 500
Eligibility
Invite only: eligible customers see a banner in the Freecharge mobile app
Fine-print notes
Product page read 2026-10-12: Visa Platinum virtual card offered by invitation in the Freecharge app. Page confirms fees, 3.5% forex, 3.75% interest, milestone points and redemption fees. Exclusions, expiry and fuel waiver are not on the page (MITC: no fuel surcharge refund). Conflicts resolved from issuer page read 2026-10-12: status: old 'closed-to-new' (aggregator lists Freecharge cards as discontinued) -> issuer page read 2026-10-12 is live and describes an invite-only model through the Freecharge app; set to invite-only
Questions
What is the annual fee of the Axis Bank Freecharge Credit Card?
Rs 250 a year, before GST.
What is the forex markup on the Axis Bank Freecharge Credit Card?
3.5% of each foreign-currency transaction, before GST.