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Axis Bank Rewards vs SBI Cashback Credit Card Compared

Which credit card suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero. Data last verified: 11 October 2026.

Axis Bank Rewards Credit Card versus SBI Cashback Credit Card compared
FeatureAxis Bank Rewards Credit CardAxis Bank Rewards Credit CardAxis Bank5 recent changes →
SBI Cashback Credit CardSBI Cashback Credit CardState Bank of India5 recent changes →
Rewards by spend
Rewards0.32% on most spends; 3.2% only at partner merchants1% base, up to 5% on online shopping
UPI payments (scan and pay)sameEarns nothingEarns nothing
Online shopping0.32%; 3.2% only at Department stores, misc general merchandise, family clothing and apparel/accessory outlets, identified by merchant category code5%
Dining and food delivery0.32%1%
Groceries0.32%1%
Travel: flights, hotels, trains0.32%1%
FuelsameEarns nothingEarns nothing
Bills and rechargessameEarns nothingEarns nothing
RentsameEarns nothingEarns nothing
Insurance premiumssameEarns nothingEarns nothing
School and college feessameEarns nothingEarns nothing
Wallet top-upssameEarns nothingEarns nothing
Taxes and government paymentssameEarns nothingEarns nothing
Spend abroad or in a foreign currency0.32%1%
Everything else0.32%1%
Card identity
Card typesameShoppingShopping
NetworksameVisaVisa
Card tiersameMidMid
Fees
Joining fee₹1,000 + GST₹999 + GST
Annual fee₹1,000 + GST₹999 + GST
Fee waived atsame₹2,00,000₹2,00,000
Eligibility
Min age18 years-
Max age70 years-
Employment typesameBOTHBOTH
Min credit score-650
Rewards
Reward typeReward pointsCashback
Point value₹0₹1
Fuel surcharge
Fuel surcharge waiversameYesYes
Fuel waiver cap-₹100
Lounge access
Domestic lounge visits8-
International lounge visits0-
Lounge conditionSpend Rs 50,000 in the previous quarter for domestic lounge access-
Forex and international
Forex markupsame3.5%3.5%
Interest and charges
Interest rate (monthly)same3.75%3.75%
Interest rate (annual)same45%45%
Page content
Eligibility-Age: 21 to 65 years Employment: Both salaried and self-employed individuals Minimum Income: Rs 30,000 Credit Score: 650+ with no delayed payments in the past 12 months New-to-Credit: Allowed only for salaried applicants
Documents neededPAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed)ID Proof: PAN Card/Form 60 Address Proof: Aadhaar, Passport, or utility bills Income Proof: Bank statements or salary slips Photograph: Recent passport-sized photo
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Worth in Rupees at ₹20,000 a Month

Axis Bank Rewards Credit Card
Rewards a year
₹768
Fee a year
₹0
You keep
₹768
SBI Cashback Credit Card
Rewards a year
₹4,800
Fee a year
₹0
You keep
₹4,800

At this spend, SBI Cashback Credit Card comes out ₹4,032 a year ahead of Axis Bank Rewards Credit Card. Worked out from each card's published reward rate, caps and fee, on ₹20,000 a month. Your own spend changes the answer: try the rewards calculator.

Best For

Axis Bank Rewards Credit Card
  • Frequent clothing and department store shoppers
  • People wanting a welcome bonus
  • Occasional domestic flyers
SBI Cashback Credit Card
  • Heavy online shoppers
  • People who want plain cashback, not points
  • Shoppers who use many different websites

Watch-Outs

Axis Bank Rewards Credit Card
  • Low reward rate outside the bonus category
  • Monthly cap on 10X points
  • Lounge visits need Rs 50,000 quarterly spend
SBI Cashback Credit Card
  • No cashback on utilities, insurance, fuel, rent, wallets or EMIs
  • 5% stops after Rs 40,000 online spend a month
  • No airport lounge access
  • 3.5% forex fee

Card data sourced via CardAdvisor.in (Axis Bank Rewards Credit Card, SBI Cashback Credit Card), India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.

Questions People Ask

Which has the lower annual fee, Axis Bank Rewards Credit Card or SBI Cashback Credit Card?

SBI Cashback Credit Card. SBI Cashback Credit Card: ₹999; Axis Bank Rewards Credit Card: ₹1,000. Check whether a spend-based waiver applies before you decide.

Which is better for spending abroad?

Axis Bank Rewards Credit Card has the lowest forex markup. Axis Bank Rewards Credit Card: 3.5%; SBI Cashback Credit Card: 3.5%. The markup is charged on every foreign-currency transaction, before GST.

Which earns more on everyday spending?

On spends outside any bonus category: SBI Cashback Credit Card 1%, Axis Bank Rewards Credit Card 0.32%. Bonus categories, rates limited to named merchants and monthly caps change the picture, so compare the rewards by spend too.

Can I hold more than one of these cards?

Usually yes, if each bank approves you. Many people keep one card for everyday spending and another for a specific use such as travel. Each application is a separate credit check.

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