Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Axis Bank FreeCharge Credit Card

    Key Highlights of the Axis Bank FreeCharge Credit Card

    The Axis Bank FreeCharge Credit Card is a virtual credit card which gives you all the benefits of owning a card without the hassle of having to find space in your wallet to fit it in. This invite-only card can be yours at an annual fee of Rs.250 (excluding applicable taxes).

    • The credit card is a virtual card which can be used as a normal credit card on the FreeCharge app and on partner websites.
    • Earn eDGE Rewards Points on eligible transactions.

    Features and Benefits of the Axis Bank FreeCharge Credit Card

    His virtual credit card comes packed with a number of features and benefits. Here's what you can get with this card:

    Virtual Instant Credit Card

    This is an invite-only credit card. So, if you are eligible for this card, you will see the banner for the same on your FreeCharge mobile application.

    Once your card application has been approved, you will find the card under the 'Saved Cards' section of the app. You can then go ahead and use this like you would any other credit card.

    Moreover, the card can also be used on partner websites which offer FreeCharge as a payment option.

    Since the card is on your phone, you don't have to worry about wallet space or losing the physical copy of your card.

    Rewards

    With this card, you get:

    • 1 eDGE Rewards Point on eligible transactions.
    Milestone Rewards

    Charge a particular amount to your Axis Bank FreeCharge Credit Card each month and earn eDGE Rewards Points for milestone spends.

    Here's how many points you can earn on your monthly spends:

    Monthly Spends eDGE Rewards Points Earned
    Rs.0 to Rs.1,999 0
    Rs.2,000 to Rs.4,999 100
    Rs.5,000 and more 350 (100 + 250)
    View Credit Card Details

    You can check out all the details with respect to your credit card on the Axis Bank mobile application as well. When you select the 'View Card Details' section, you can check out the card's functionality.

    Axis Bank FreeCharge Credit Card Limit

    The limit on your credit card will be intimated to you by the bank once your application has been approved or once you receive your credit card. It is important to remember that when it comes to the credit limit provided, the bank will look into a number of factors. As such, two people who have the same credit card may have different credit limits.

    In general, the factors that determine the amount of credit that is extended to you include your credit repayment history, the number of credit cards you currently own, your current debt obligations, your employment status, your income, and your credit score.

    Latest Offers on Your Axis Bank FreeCharge Credit Card

    You can avail offers on FreeCharge's partner websites and other websites which offer FreeCharge as a payment option.

    To know more about which websites offer FreeCharge as a payment option, please contact FreeCharge.

    Reward Point Benefits on Your Axis Bank FreeCharge Credit Card

    As mentioned earlier, you earn 1eDGE Rewards Point on all eligible transactions made with your Axis Bank FreeCharge Credit Card.

    Moreover, you also earn milestone rewards when you spend a certain amount each month.

    Monthly Spends eDGE Rewards Points Earned
    Rs.0 to Rs.1,999 0
    Rs.2,000 to Rs.4,999 100
    Rs.5,000 and more 350 (100 + 250)

    How to Redeem Your eDGE Rewards Points

    You can redeem the eDGE Rewards Points that you earn on Axis Bank's website.

    You can redeem the points you have earned on the bank's Rewards Store or at any of their partner brand outlets.

    There are 4 ways by which you can redeem your points:

    1. Via Internet Banking

    • Log into your internet banking account.
    • Select 'Axis eDGE Rewards' on the Account Summary Page.
    • Once you accept the terms and conditions, select 'Redeem Now'. You will be redirected to the Rewards Store.
    • Choose the reward you want and add it to the basket and redeem your eDGE points.
    1. Via the Axis Bank Mobile Application

    • Download the Axis Bank mobile app.
    • Navigate to the 'Rewards' section under 'Menu' to see your point balance.
    • You will be redirected to the Rewards Store where you can then redeem your eDGE points.
    1. Via the Axis eDGE Rewards Website

    To use this method of redemption, you have to first sign-up for the programme by visiting the registration page on the bank's website.

    Once you have registered successfully, you will receive an email confirming your user ID and password.

    After registration, follow these steps:

    • Select the reward you are looking for and add it to cart.
    • Confirm your redemption and go ahead and redeem your points.

    If you have been auto-registered for the programme, you will receive an email from the bank stating the same.

    1. Via the Contact Centre

    You can call the contact centre and redeem your points by calling:

    • 1860 419 5555
    • 1860 500 5555

    Fees and Charges of Axis Bank FreeCharge Credit Card

    Particulars Amount
    Joining fee/issuance fee Rs.250 + taxes
    Annual fee Rs.250 + taxes
    Interest rate 3.4% per month
    EMI interest rate 1.5% per month
    EMI processing fee 1.5% of the amount
    Minimum payment amount 5% of the outstanding balance
    Late payment fee - Up to Rs.100: Nil

    - Rs.101 to Rs.300: Rs.100

    - Rs.301 to Rs.1,000: Rs.300

    - Rs.1,001 to Rs.5,000: Rs.500

    - Rs.5,001 to Rs.10,000: Rs.600

    - Rs.10,001 and more: Rs.700

    Over limit fee Rs.3% of the amount over the limit, subject to a minimum of Rs.500
    Cash advance fee 2.5% of the amount withdrawn subject to a minimum of Rs.250
    Issuance of physical card (subject to terms and conditions being met) Rs.250 + taxes

    Eligibility of Axis Bank FreeCharge Credit Card

    As mentioned earlier, the Axis Bank FreeCharge Credit Card is an invitation-only card. As such, it is available only to select customers.

    If you are eligible for the card, you will see a banner about the card on your FreeCharge app.

    Documents Required for Axis Bank FreeCharge Credit Card

    The documents you may be required to submit will be mentioned to you by the bank. In general, the documents you may have to submit are:

    • Identity-related documents: These include your PAN card, Aadhaar card, passport, etc.
    • Income proof documents: Your payslip, income tax returns, Form 16, etc. can be used as income proof documents.
    • Address proof documents: These documents include your Aadhaar card, passport, etc.

    How to Apply for the Axis Bank FreeCharge Credit Card

    As mentioned earlier, this credit card is an invite-only card. If you are one of the few customers who can see the banner invite on your free-charge app, all you have to do is click the image and follow the instructions provided.

    Axis Bank FreeCharge Credit Card Frequently Asked Questions

    1. Can I use my virtual credit card on all websites?
    2. No. You can use this card only on websites which offer FreeCharge as a payment option.

    3. What is the validity period for the eDGE points earned?
    4. Your eDGE points are valid for three years from the date in which they are earned. So, if you earn points on 25 July 2019, they will expire on 25 July 2022.

    5. What will happen to my points if there is no activity in my account?
    6. eDGE points earned will expire if there is no activity in your account for over 365 days. This means that if you haven't made any transactions which have earned points, redeemed your points, or haven't logged into your account for 365 days, any accumulated points will expire on the 366th day.

    7. Can the product I have redeemed be delivered to the address of my choice?
    8. No. The product for which you have redeemed your points will be delivered to your registered address. If you wish for it to be delivered to a different address, make sure you contact the bank, get your details changed, and then proceed with redeeming your points.

    9. Can I get a physical card as well?
    10. Yes, you can get a physical card. However, you will have to first meet the terms and conditions set out for physical issuance of the card. Additionally, you will have to make a payment of Rs.250 (excluding taxes) to get a physical card.

      

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