There will be no capping on cashback received through Axis Bank Freecharge Credit Card from August 12, 2021. Meaning you can get unlimited cashback in one billing cycle.
New Delhi. If you pay regularly through the digital payment app Freecharge, then Axis Bank Freecharge Credit Card can prove to be a great card for you. Limited cashback (maximum Rs 500 per billing cycle) was available for transactions done on the FreeCharge app through this credit card. Now the company has made a big change in the cashback structure.
No capping on cashback from August 12
According to the Axis Bank website, from August 12, 2021, there will be no capping on cashback received through Axis Bank FreeCharge credit card. Meaning you can get unlimited cashback in one billing cycle. Cashback earned in the current billing cycle is credited to the credit card account 3 days before the next billing date. Transactions done between July 12 and August 12, 2021 will be eligible for unlimited cashback. Let us tell you that till now through this credit, you could earn a maximum cashback of Rs 500 in one billing cycle.
Features of Axis Bank
Freecharge Credit Card >> 5 percent unlimited cashback on spends across categories (mobile recharge, bill payment, bus booking, DTH recharge etc.) on the Freecharge app.
>> 2% Unlimited Cashback on Ola, Uber, Shuttle.
>> Unlimited Cashback of 1% on all other transactions.
>> No Cashback on any Wallet Load, Fuel Transaction, Gift Card, Rent Payment or EMI.
>> Axis Bank FreeCharge Credit Card can be used at all merchant outlets that accept Visa cards.
>> This card is equipped with contactless technology, which also provides the facility of ‘Tap and Pay’ to the customers i.e. payment can be made by simply tapping on the POS machine without swiping the card.
>> The first year joining fee of this card is Rs 350.
>> The membership annual fee of this card is Rs 250. However, the annual fee will be waived for spending Rs 50,000 in a year.