Question 1

What is the annual fee on the Cashback Credit Card and how do you get it waived?

Accepted Answer

The Cashback Credit Card charges ₹1,000 plus GST as a joining fee and the same ₹1,000 again at renewal. Axis Bank waives the renewal fee if you spend ₹4L in the previous year, which is about ₹33,333 a month. If your card spend sits below that, treat ₹1,000 as a real yearly cost that your rewards have to clear first.

Question 2

How much cashback does the Cashback Credit Card give?

Accepted Answer

You get 7% back on Online spends above ₹40 and similar spends, capped at ₹2,150 a month. Other eligible spends earn 0.5%. On ₹10,000 of spend in the top category that is ₹700 back, so about ₹8,400 a year if you hit it every month. Transportation & Tolls, Insurance, Educational Institutions, Jewellery, Precious Metals and Watches earn nothing at all.

Question 3

Does the Cashback Credit Card give free airport lounge access?

Accepted Answer

The Cashback Credit Card gives 4 complimentary domestic lounge visits a year, usually capped at 1 per quarter. There is no prior spend requirement on paper, though Axis Bank has been moving cards to spend linked access, so confirm before you rely on it at the airport.

Question 4

What changed on the Cashback Credit Card recently and is it still worth it in 2026?

Accepted Answer

Axis portfolio devaluation (caps restructured, point forfeiture on closure, MCC-name exclusions). The changes are dated Jun 2025; Apr 2, 2026. At ₹4L of yearly spend the card returns roughly ₹3,000 at its general rate of about 0.75%, against a ₹1,000 renewal fee. Keep it if you clear the ₹4L waiver spend and your spending really sits in the accelerated category. Drop it at renewal if you do not.

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