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Is the Axis Bank Freecharge Credit Card Worth It?

Enter what you spend where this card pays more, and the benefits you would use. See what it is worth to you in rupees, after its fee.

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Axis Bank Freecharge Credit Card
Axis Bank Freecharge Credit CardView card →
  • Rewards card
  • ₹295 fee a year (with GST)
  • 0.2% on most spends
  • Pays in reward points
Skip it if
  • you spend less than ₹12,500 a month: below that the ₹295 fee costs more than the rewards
  • most of your spending is fuel, rent or wallet top-ups: those earn nothing on this card
  • you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
  • you spend a lot on government payments: the card's terms do not state a rate there, so we count nothing
  • you often pay in foreign currency: 3.5% is added to every foreign spend
  • you sometimes pay only the minimum due: interest of 3.75% a month (45% a year) outweighs any reward

Your spend a month, by kind

Terms on the normal rate: Roughly 1 EDGE Reward Point per ₹100 on general spends; exact base rate not clearly published

Also earns nothing on: Gold and jewellery, Gift cards.

Total on the card: ₹0 a month

Abroad and benefits

Every rate on this card, and what your spend earns

Earns nothing onRentWallet loadsFuelCash withdrawalsTollsGold and jewelleryGift cards

Spend categoryRateMonthly capWhere it appliesYour spend earns
UPI payments (scan and pay)Earns nothing-a Visa or Mastercard card cannot pay by UPI-
Online shopping0.2%No capThe card's normal rate-
Dining and food delivery0.2%No capThe card's normal rate-
Groceries0.2%No capThe card's normal rate-
Travel: flights, hotels, trains0.2%No capThe card's normal rate-
FuelEarns nothing-earns nothing on this card-
Bills and recharges0.2%No capAnywhere else in the category-
Bills and recharges, only at listed merchants0.2%No capOnly at: Freecharge app, recharges and bill paymentsTerms: Freecharge app recharges/bill payments earn EDGE points plus spend-based monthly bonus points-
RentEarns nothing-earns nothing on this card-
Insurance premiums0.2%No capThe card's normal rate-
School and college fees0.2%No capThe card's normal rate-
Wallet top-upsEarns nothing-earns nothing on this card-
Taxes and government paymentsNot stated-the card's terms state no rate here; many cards pay nothing on these-
Spend abroad or in a foreign currency0.2%No capThe card's normal rate-
Everything else0.2%No capThe card's normal rate-

Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.

Common Questions

When is a credit card worth its annual fee?

When the rewards you actually earn in a year are more than the fee plus 18% GST, or when you spend enough for the bank to waive the fee. This calculator works out both from the card's own published terms.

Why is GST added to the fee?

Card fees carry 18% GST, so a ₹1,000 fee costs ₹1,180. Where the bank already quotes the fee with GST, it is not added twice.

What does 'capped' mean?

Many cards limit the reward you can earn in a month in a category. Spending above the cap earns nothing extra, so the calculator stops counting there.

Is a lifetime free card always better?

Not always. A paid card with higher rewards can leave you with more once you spend enough. The break-even line shows the monthly spend where that starts.

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