If you hold this card: Existing holders keep the card and its cashback structure exactly as before — only new applications are affected.
Axis stopped presenting this card in its application flow — it is simply no longer offered to new customers. There was no announcement, and the product page still carries an Apply button, which is why you will see this argued both ways: a stale product page is exactly what a quiet sourcing stop looks like.
How we checked — last verified 17 July 2026
Axis publishes no closure notice for this card, so we checked its own credit-card lineup instead. Of the 40 cards Axis lists, 27 carry an “Apply Now” button and 13 don’t — and the 13 are its retired and paused cards, including the AURA, which Axis does openly mark “no longer available”. This card is in that group: Axis shows it a “Know More” button and no way to apply, while the cards it still sources keep theirs.
We re-check this and will lift the notice as soon as the card is open to new applicants again. If you find it back on the issuer's application flow before we do, tell us — a human reads everything.
In-depth review
Axis Bank Cashback Credit Card
A ₹1,000 online-cashback card with a tiered accelerated rate — up to 5% on most online spends and 7% on the top tier, capped at a generous ₹4,000 a month. But offline earns just 0.75%, there's no fuel surcharge waiver and no lounge access, so hold it as an online specialist rather than an all-rounder.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹1,000 in vouchers, points or cashback in year one — usually conditional on a first spend within 30–90 days
5% on Online Shopping
Tiered accelerated cashback on online spends: 2% up to ₹5,000, 5% up to ₹40,000, 7% above — total online cashback capped ₹4,000/month. ~5% effective for a typical online cart. Credited as statement credit.
0.75% on Other
0.75% base cashback on offline (card-present) and travel spends, uncapped; credited as statement credit
Annual Fee Waiver
Fee of ₹1,000 + 18% GST (₹1,180 all-in)/yr fully waived when you spend ₹4,00,000/year
💰 CASHBACK STRUCTURE
How much you earn back on each type of spend — no points math required.
5.0%
online shopping cashback
0.8%
Base rate (all other spends)
₹4,000
Monthly cap (accelerated)
- 5.0% cashback on online shopping
- 0.8% on all other spends — no restrictions
- Accelerated cashback capped at ₹4,000/month
For online-first spenders who put most of their monthly outlay through e-commerce, food-delivery and OTT and want that credited as plain statement cashback — and who don't need lounge access or a fuel waiver from this card.
Full reward structure
What you earn on every rupee, per spend category — as of 24 Oct 2026.
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | cashback | 5% | ₹4,000 |
| Other | cashback | 0.75% | — |
| Utility Bills | cashback | 0.5% | ₹100 |
Online Shopping: Tiered accelerated cashback on online spends: 2% up to ₹5,000, 5% up to ₹40,000, 7% above — total online cashback capped ₹4,000/month. ~5% effective for a typical online cart. Credited as statement credit.
Other: 0.75% base cashback on offline (card-present) and travel spends, uncapped; credited as statement credit
Utility Bills: 0.5% bonus cashback on utility bill payments (MCC 4816/4899/4900), capped ₹100 per statement. MCC 4814 (telephone) is not in the 0.5% set — it earns the base or accelerated rate by channel.
Earns nothing on: Rent · Wallet Loads · Fuel · Gold and jewellery · Government & Tax · Insurance · EMI Conversions · Education · Tolls & Road Fees · Gift Cards & Vouchers
These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 24 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹1,180 |
| Joining fee (incl. 18% GST) | ₹1,180 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
Should you get it?
- Best for: Online-first spenders who will use the ₹4,000/month online cashback cap, Users who want cashback as plain statement credit
- Mid tier — a solid all-rounder for steady monthly spend.
- Strongest value if you spend heavily on Online Shopping (5% back).
Pros & cons
✓ Pros
- Up to 5% on most online spends (7% on the top tier), a high ₹4,000/month cap
- 0.5% bonus cashback on utility bill payments, capped at ₹100 a statement
- Cashback posts automatically as statement credit — no points to track
- 5,000 EDGE Reward Point welcome benefit (≈₹1,000) covers most of the ₹1,180 all-in joining fee
- ₹1,000 renewal waives at ₹4 lakh annual spend
✕ Cons
- No airport lounge access at any tier
- No fuel surcharge waiver — unusual, and it dents everyday value
- Offline and travel earn only 0.75%; the 7% rate needs over ₹40,000 of online spend a month
- Online cashback is capped at ₹4,000 a month
Eligibility & documents
Documents required
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Latest 3 months bank statement
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Automatic statement credit against the outstanding balance
What your Cashback are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Direct cash adjustment — no conversion
The 0.75% offline base is thin and there is no fuel surcharge waiver at all, so away from online spends the card earns very little — and the ₹1,000 fee needs real online volume to justify.
Frequently asked questions
How much cashback does it give?
Do utility bills earn anything on this card?
Does it have lounge access?
Is there a fuel surcharge waiver?
What is the fee and how is it waived?
How will Axis apply my payment across the outstanding balance from 28 August 2026?
How has the Axis Bank Cashback Credit Card changed over time?
Has the Axis Bank Cashback Credit Card been devalued recently?
When did the Axis Bank Cashback Credit Card's fees last change?
How did the Axis Bank Cashback Credit Card change in 2026?
The bottom line
A clean online-cashback card that rewards the way most people actually spend today. The tiered structure quietly favours heavier online spenders (you only reach the headline 7% above ₹40,000 a month), but for a typical online cart the effective rate sits around 5%, and the ₹4,000 monthly cap is generous. The honest gaps are the thin 0.75% offline base and the missing fuel waiver and lounge access — so hold it as an online specialist, not a do-everything card. Against the [Axis ACE](/cards/axis-ace), whose ₹499 fee waives at ₹2 lakh, the Cashback card only pulls ahead if your online spend is high enough to justify the higher ₹1,000 fee.
How this page was built
Counted from this card’s own record: 3 earn rules, 2 of them capped and the spends listed as earning nothing. The renewal fee is conditional — it is waived on a published spend target, so the fee you pay depends on what you spend.
Last updated 24 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the Axis Bank Cashback Credit Card are taken from Axis Bank's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 24 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for Axis Bank. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
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Guides and reviews related to this card.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2024 · last change Aug 2026
2026
- ▼ FeeObserved 29 Jul 2026 · Effective 28 Aug 2026
Dynamic currency conversion markup more than doubles to 3.5%
1.5% + GST→3.5% + GST
Axis Bank raised the dynamic currency conversion mark-up from 1.5% to 3.5% plus GST. DCC applies when an overseas merchant offers to bill you in rupees instead of the local currency, and it stacks on top of the usual foreign-currency mark-up. Declining the rupee option at the terminal and paying in the local currency avoids the charge entirely.
Verification: Axis Bank ↗ · Confidence: High
- ▼ FeeObserved 29 Jul 2026 · Effective 28 Aug 2026
New top late-payment slab of Rs 1,300 above Rs 50,000
Rs 1,200 on any total payment due above Rs 10,000→Rs 1,200 from Rs 10,001 to Rs 50,000; Rs 1,300 above Rs 50,000
Axis Bank added a fifth late-payment slab. Everything up to Rs 50,000 is unchanged, but a total payment due of more than Rs 50,000 now attracts Rs 1,300 instead of Rs 1,200. The same notice fixes the order in which a payment is applied to the outstanding: fees and charges including taxes first, then EMIs, interest, purchases and cash advances.
Verification: Axis Bank ↗ · Confidence: High
- ▼ RewardObserved 29 Jul 2026 · Effective 28 Aug 2026
Tolls and road fees stop earning rewards; gift cards split into their own category
Bridge fees, road fees and tolls earned at the normal rate→No rewards or cashback on bridge fees, road fees and tolls
Axis Bank added bridge fees, road fees and tolls to the spends that earn nothing. Separately, gift card purchases move out of the Wallet spend category into a new Gift Card category; they already earned no rewards, and they continue to be excluded from spend-based fee waivers and milestone thresholds.
Verification: Axis Bank ↗ · Confidence: High
2024
- ▼ FeeEffective 20 Dec 2024
Bank-wide charges revision: DCC markup raised, new surcharges added
1% dynamic currency conversion markup; ₹100 cash payment at branch; 1% rent surcharge capped ₹1,500/txn; no wallet/fuel/utility spend surcharge→1.5% dynamic currency conversion markup; ₹175 cash payment at branch; 1% rent surcharge uncapped; new 1% surcharge on wallet loads >₹10,000, fuel >₹50,000, utility bills >₹25,000; new 2% (min ₹500) auto-debit reversal fee; new ₹100/month penalty for two consecutive missed minimum-due payments
A portfolio-wide repricing of ancillary fees effective 20 December 2024 hit all active Axis cards, this one included. Note the monthly finance charge itself was not a change for this card specifically — Citi Cash Back was already billed at 3.75%/month before migration, matching today's rate, so no APR event is logged here.
Verification: Axis Bank ↗ · Confidence: High
- ▼ RewardEffective 15 Jul 2024
Category cashback replaced by tiered online-shopping cashback
5% cashback on movie tickets, telephone bills and utility bill payments (each capped ₹100/month); 0.5% flat on all other spends→Tiered cashback on net online spends — 2% up to ₹5,000, 5% up to ₹40,000, 7% above (total online cashback capped ₹4,000/month); 0.75% flat on offline/travel spends; 0.5% bonus on utilities capped ₹100/statement
The migration did not just rebrand the card — it replaced Citi Cash Back's narrow category-cashback model (5% on movies/telephone/utility, tightly capped at ₹100/month each) with an entirely different online-shopping-tiered structure topping out at 7% with a ₹4,000/month cap. Legacy Citi cardholders who used the card for telephone or utility bills lost that 5% rate: utility bills moved to a dedicated 0.5% bonus tier capped at ₹100 per statement (MCCs 4816, 4899 and 4900), while telephone bills (MCC 4814) sit outside that bonus and earn the base or accelerated rate by channel. Online-shopping-heavy spenders gained a much higher ceiling. Net effect is a real devaluation for the card's original recurring-bill use case, even though online shoppers came out ahead.
Verification: Axis Bank ↗ · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: <a href="https://cardadvisor.in/cards/axis-cashback#value-timeline">Axis Bank Cashback Credit Card value timeline</a>, CardAdvisor (CC BY 4.0).