Earn rewards on every spend with India's most affordable virtual credit card
1 EDGE Reward Point per ₹100 spent
Annual fee waived on ₹50,000 spends
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| Benefit | Details |
|---|---|
| Milestone Rewards | Earn up to 350 EDGE Reward Points every month when you spend ₹5,000 or above—providing exceptional bonus value on regular spending. |
| Virtual Card Convenience | Get instant access to a virtual credit card on the Freecharge app with no physical card required, perfect for secure online transactions. |
| Affordable Annual Fee | Ultra-low annual fee of just ₹250 + GST (₹295), waived on annual spends of ₹50,000 or more—one of the most affordable credit cards in India. |
| Flexible Redemption | Redeem EDGE Reward Points against 500+ options including vouchers, products, and experiences at ₹0.20 per point. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Axis Bank |
| Bank / Non-bank | Bank-affiliated |
| Category | Entry-Level Rewards |
| Type of Card | Virtual Credit Card (Physical card available on request) |
| Free or Paid | ₹250 + GST Annually (waived on spends of ₹50,000) |
The Axis Bank Freecharge Credit Card is the perfect choice for first-time credit card users and digital-savvy individuals who seek an affordable entry into the world of credit cards. As a co-branded offering with Freecharge, this virtual-first card provides excellent value for those who prefer making bill payments, recharges, and online transactions. With an incredibly low annual fee of just ₹250 and a generous milestone rewards programme that offers up to 350 bonus EDGE Reward Points monthly, it's designed for regular spenders who want to maximise value on everyday purchases whilst building their credit history.
Instant Virtual Card: Receive your credit card instantly as a virtual card on the Freecharge mobile app upon approval. There's no waiting for physical card delivery—start using it immediately for online transactions, bill payments, and recharges on the Freecharge app and partner websites.
Affordable Entry Point: With a joining fee of just ₹250 + GST and an annual fee of ₹250 + GST from the second year onwards, this is one of the most affordable credit cards available in India. The annual fee is waived if you spend ₹50,000 or more in the previous year, making it effectively free for regular users.
Generous Milestone Rewards: The standout feature of this card is its tiered milestone rewards programme. Earn 100 EDGE Reward Points when you spend between ₹2,000 and ₹4,999 in a calendar month, or 350 EDGE Reward Points (100 + 250 bonus) when you spend ₹5,000 or above monthly. This translates to significant additional value beyond the base earn rate.
Base Earning Rate: Earn 1 EDGE Reward Point on every ₹100 spent across all categories, providing consistent rewards on everyday purchases. Each EDGE Reward Point can be redeemed at ₹0.20, delivering 1% value-back on regular spending.
Extensive Redemption Options: Redeem your accumulated EDGE Reward Points against 500+ options on the Axis EDGE Rewards portal, including e-vouchers from popular brands, merchandise, experiences, and more. The flexibility of redemption ensures you can extract maximum value from your earned points.
Exclusive Merchant Offers: Enjoy up to 10% discount on Myntra purchases, up to ₹100 credit on Shuttl every month for your daily commute, up to ₹120 off on Freshmenu every month for food deliveries, and 50% off on Eros Now annual subscription for your entertainment needs.
Wednesday Delights: Beat the mid-week blues with exclusive Wednesday offers including instant savings of up to 15% on flights and hotels via Goibibo and MakeMyTrip, 10% off on orders via Swiggy and Amazon Fresh, and 10% off up to ₹1,000 on Tira.
Physical Card Option: Whilst the card is issued as a virtual card initially, you can request a physical card for ₹250 + GST if you prefer having a tangible card for in-person transactions or ATM withdrawals.
Easy Management: View your complete card details instantly through the Axis Bank Mobile App using the "View Card Details" functionality. Access your card number, CVV, expiry date, and manage your card effortlessly from your mobile device.
Interest-Free Period: Enjoy up to 50 days of interest-free credit from the date of purchase, allowing you to manage your cash flow effectively whilst earning rewards on your spending.
Invite-Only Model: This card is offered on an invite-only basis to select customers. Eligible users will see an application banner directly on their Freecharge mobile app, making the application process seamless and instant.
The Freecharge Credit Card's combination of ultra-low fees, generous milestone rewards, instant virtual issuance, and exclusive merchant benefits makes it an exceptional choice for budget-conscious consumers and first-time credit card holders who want to build credit history whilst earning meaningful rewards.
1 EDGE Reward Point per ₹100 Spent
Earn 1 EDGE Reward Point for every ₹100 spent on all eligible retail transactions across categories. This provides a consistent 1% value-back when redeemed at ₹0.20 per point. The base earn rate applies universally to groceries, dining, shopping, utilities, and other retail spends.
Milestone Rewards Programme
The card features an exceptionally generous monthly milestone rewards system:
Monthly Spends of ₹2,000 to ₹4,999: Earn 100 bonus EDGE Reward Points in addition to your base earning. This provides substantial extra value on moderate monthly spending.
Monthly Spends of ₹5,000 or Above: Earn 350 bonus EDGE Reward Points (100 + 250 additional bonus) on top of your base earning. For example, spending ₹5,000 in a month earns you 50 base points + 350 milestone bonus = 400 total points worth ₹80.
Monthly Spends Below ₹2,000: No milestone bonus, but you still earn 1 EDGE Reward Point per ₹100 on base spending.
These milestone rewards significantly enhance the card's value proposition, particularly for consistent monthly spenders. The thresholds are achievable for most cardholders, making this one of the most rewarding entry-level cards available.
Redemption Value: 1 EDGE Reward Point = ₹0.20
The EDGE Reward Points accumulated can be redeemed through the Axis Bank mobile banking app or the Axis EDGE Rewards website against 500+ redemption options:
E-Vouchers
Redeem points for gift vouchers from popular brands including Amazon, Flipkart, Myntra, lifestyle brands, dining chains, and entertainment platforms. This offers immediate utility and broad choice.
Merchandise
Exchange points for products from the EDGE Rewards catalogue, including electronics, home appliances, lifestyle accessories, and more.
Experiences
Redeem for unique experiences, hotel bookings, and special packages available on the rewards portal.
Utility
Some points can be used for mobile recharges or other utility services, though vouchers typically offer better value.
Important: There is no specific redemption fee mentioned, making the full value of your points accessible. However, always verify current redemption terms on the EDGE Rewards portal.
EDGE Reward Points are valid for 3 years from the date they are earned. For example, points earned on 25th July 2023 will expire on 25th July 2026. This generous validity period provides ample time to accumulate and redeem points strategically.
Inactivity Expiry: Points will expire if there is no activity in your account for over 365 consecutive days. Activity includes transactions that earn points, point redemptions, or logging into your account. If you haven't performed any of these actions for 365 days, all accumulated points will expire on the 366th day.
Up to 10% Discount on Myntra
Enjoy up to 10% discount on your fashion and lifestyle purchases at Myntra, one of India's leading online fashion retailers. This benefit applies to eligible transactions and provides significant savings on clothing, footwear, and accessories.
Up to ₹100 Credit on Shuttl Every Month
Receive up to ₹100 credit on Shuttl every month for your daily commute needs. This recurring benefit helps reduce transportation costs for regular office-goers and daily commuters.
Up to ₹120 Off on Freshmenu Every Month
Get up to ₹120 discount on Freshmenu every month for food deliveries. Perfect for food enthusiasts who regularly order meals, this benefit provides consistent monthly savings.
50% Off on Eros Now Annual Subscription
Enjoy 50% discount on an Eros Now annual subscription, giving you access to a vast library of movies, TV shows, and original content at half the regular price.
Beat the mid-week blues with exclusive offers every Wednesday:
Travel Savings: Instant savings of up to 15% on flights and hotels via Goibibo and MakeMyTrip, making your travel bookings more affordable.
Food Delivery Discounts: 10% off on orders via Swiggy and Amazon Fresh for convenient meal ordering.
Beauty & Personal Care: 10% off up to ₹1,000 on Tira for your beauty and personal care purchases.
These Wednesday-specific offers provide recurring weekly value, encouraging strategic timing of purchases to maximise savings.
Up to 50 Days: Enjoy up to 50 days of interest-free credit from the date of purchase when you pay your full statement balance by the due date. This allows you to manage cash flow effectively whilst earning rewards.
The card is issued instantly as a virtual card accessible through the Freecharge app and Axis Bank Mobile App. Use it immediately for:
Online shopping on e-commerce platforms
Bill payments on Freecharge
Mobile and DTH recharges
Transactions on partner websites that accept Freecharge as payment option
View Card Details: Login to the Axis Bank Mobile App and use the "View Card Details" functionality to instantly view your complete card information including card number, CVV, and expiry date.
Whilst the card is virtual by default, you can request a physical card for ₹250 + GST. The physical card provides:
Ability to use at physical retail stores
ATM cash withdrawals
Contactless payments at POS terminals
The physical card retains all benefits of the virtual card and is delivered to your registered address within 7-14 business days.
EDGE Reward Points are not earned on certain transaction types:
Fuel purchases
Cash withdrawals and cash advances
EMI transactions
Rent payments
Wallet reloads (including Paytm, PhonePe, etc.)
Purchase of gold items
Government-related payments
Insurance payments
Education fees
Purchases converted to EMI post-transaction
Always review the current terms and conditions for the complete list of exclusions.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹250 + GST (~₹295) | One-time charge when the card is issued. |
| Annual Fee | ₹250 + GST (~₹295) | Charged every year from the second year onwards. Waived if annual spends are ₹50,000 or more in the previous card anniversary year. Rent and wallet loads don't contribute towards fee waiver. |
| Physical Card Issuance Fee | ₹250 + GST (~₹295) | Charged when requesting a physical card. |
| Interest Rate (APR) | 3.6% per month (43.2% annually) | Applicable on outstanding balances and revolving credit. |
| Interest Rate on EMI | 1.5% per month | Applicable on EMI conversions. |
| Foreign Currency Markup | 3.5% + GST (~4.13%) | Applicable on all international transactions. |
| Cash Advance Fee | 2.5% or ₹500 (whichever is higher) | Applicable on cash withdrawals from ATMs. Minimum ₹500. |
| ATM Cash Advance Fee | 2.5% of transaction amount (minimum ₹250) | Alternative fee structure for ATM withdrawals. |
| Overlimit Penalty | 2.5% of overlimit amount (minimum ₹500) | Charged when spending exceeds credit limit. |
| Payment Return Charges | 2% of payment amount (minimum ₹450, maximum ₹1,500) | Charged when payment cheque/ECS/auto-debit is returned or dishonoured. |
| Cheque Dishonour Fee | 2% of amount (minimum ₹450, maximum ₹1,500) | Alternative terminology for payment return charges. |
| Late Payment Charges | ₹0 to ₹1,200 | Varies based on total payment due: Nil (below ₹500), ₹500 (₹501-₹5,000), ₹750 (₹5,001-₹10,000), ₹1,200 (above ₹10,000). |
| EMI Processing Fee | 1.5% (minimum ₹150) | Charged for converting transactions to EMI. |
| Demand Draft Fee | 1% (minimum ₹75) | Applicable when requesting demand draft. |
| GST | 18% | Applicable on all fees, interest, and charges mentioned above. |
| Criteria | Details |
|---|---|
Age | Primary cardholder should be above 21 years |
Invite-Only | Only eligible customers who receive invitation through Freecharge app can apply |
Citizenship | Must be a Resident of India |
Credit Score | Good CIBIL score (ideally 750-900) recommended; card is suitable for building credit history |
Income | Stable source of income required (salaried or self-employed); specific minimum income not disclosed |
Employment | Salaried or self-employed individuals with regular income |
Credit History | Decent credit history preferred; card is accessible to first-time credit card users |
| Document Type | Details |
|---|---|
| Identity Proof | Any one of the following: PAN Card (mandatory), Aadhaar Card, Passport, Driving Licence, Voter ID Card |
| Address/Residence Proof | Any one of the following: Aadhaar Card, Passport, Driving Licence, Voter ID Card, Utility Bill (not more than 3 months old), Rent Agreement |
| Income Proof | For Salaried: Latest salary slips (not more than 3 months old), latest bank statements (3-6 months). For Self-Employed: Latest ITR copy, bank statements showing business income |
| PAN Card | Mandatory for credit card issuance as per RBI regulations |
Step 1: Click on Apply Now: Hit the “Apply Now” button to start your application.
Step 2: Fill in Your Details: Enter your personal, contact, and financial details in the application form.
Step 3: Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Step 4: Submit Your Application: Review all the details and click Submit.
Step 5: Approval & Card Delivery: Once approved, your Axis Bank Freecharge Credit Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Access Virtual Card on Freecharge App | Go to the menu tab (top left corner) > "Saved Cards" to view your virtual credit card. During checkout on Freecharge, this card will automatically appear in payment methods. |
Use on Partner Websites | On partner websites that accept Freecharge, go to payment options > "Wallets" > "Freecharge" tab to view and use your card for transactions. |
View Card Details Anytime | Login to Axis Bank Mobile App > "View Card Details" to instantly access your complete card information including card number, CVV, and expiry date for online transactions. |
Target Monthly Milestones | Aim to spend at least ₹5,000 per month to earn the maximum 350 bonus EDGE Reward Points. If budget is tight, even ₹2,000 monthly spending earns 100 bonus points. |
Maximise Wednesday Delights | Schedule your travel bookings, food orders, and beauty purchases for Wednesdays to benefit from exclusive discounts (15% on travel, 10% on Swiggy/Amazon Fresh/Tira). |
Use Merchant Offers | Shop on Myntra for 10% discount, use Shuttl for daily commute with ₹100 monthly credit, order from Freshmenu for ₹120 monthly discount, and subscribe to Eros Now at 50% off. |
Track Spending for Fee Waiver | Monitor your annual spending to ensure you cross ₹50,000 before your card anniversary to waive the ₹250 renewal fee. Note that rent and wallet loads don't count towards this threshold. |
Accumulate Points Strategically | Collect EDGE Reward Points over several months before redeeming to get better value from the 500+ redemption options. Points are valid for 3 years. |
Avoid Inactivity | Ensure you make at least one transaction, redeem points, or log into your account once every 365 days to prevent point expiry due to inactivity. |
Pay Full Balance | Always pay your full statement balance by the due date to avoid the 43.2% annual interest rate and enjoy the full 50-day interest-free period. |
Request Physical Card if Needed | If you need to make in-person transactions or ATM withdrawals, request a physical card for ₹250 + GST through the app or customer care. |
Avoid Excluded Categories | Don't expect points on fuel, rent, wallet loads, EMI, cash withdrawals, or government payments. Focus spending on retail categories for maximum rewards. |
Redeem Wisely | Choose e-vouchers from popular brands like Amazon or Flipkart for best redemption value at ₹0.20 per point, giving you 1% base value-back plus milestone bonuses. |
The Axis Bank Freecharge Credit Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.
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