Axis Bank FreeCharge Plus Credit Card Review

Axis Bank FreeCharge Plus Credit Card is an invite-only virtual credit card, this card is designed to give the customers more Cash-Back benefits. This card also offers some other benefits like dining benefits, welcome gifts, annual fee waiver, etc. More information about the card is given in detail in the article. 

axis bank freecharge plus credit card

Eligibility Criteria:

** This is an invite-only credit card, the eligible customers will see a banner inviting them for the card**

  • Resident Type: Indian.
  • For salaried person:
    • Age: 18 to 70 yrs. 
    • Income: This is an invite-only card, only the customers who got the invitation can apply for this card. 
  • For self-employed person:
    • Age: 18 to 70 yrs. 
    • Income: This is an invite-only card, only the customers who got the invitation can apply for this card.
  • Good CIBIL score (750 or more).

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip (3 months) 
      • ITR
    • Self-employed person
      • Latest income tax return.  
      • Proof of business
      • Recent audited financial report. 

Fee:

  • Joining Fee: ₹350 + GST 
  • Annual Fee: None for the first year & ₹350 + GST

Benefits:

  • Welcome Benefit:

With the issuance of the card, you will receive some gift vouchers as welcome gifts, you will get a ₹350 gift voucher from Myntra and another ₹350 gift voucher from Big Basket. You will get those vouchers within the first 30 days of your card activation. 

  • Cash-Back Benefit:

This card offers exclusive discounts on your daily spends. the Cash-Back benefits are offered like this – 

  • You will get a 5% Cash-Back on each transaction made on the FreeCharge app. 
  • 2% Cash-Back on every spend made on Ola, Shuttle, or Uber app. 
  • And 1% Cash-Back on other spending made with this card.  
  • You can earn a maximum of ₹500 Cash-Back in a month. 
  • Dining Benefit:

This card offers you up to a 20% discount on your dining bill. This offer is only applicable at some selected partner restaurants only. 

  • Annual fee waiver:

You can get a 100% waiver on your annual fees, just spend ₹50,000 with your card within the date of your card anniversary and the annual fee for the next year will be waived off. 

  • Virtual credit card:

Axis Bank FreeCharge Plus Credit Card is a virtual credit card, there are some additional benefits with virtual credit cards like – Virtual cards are very convenient to use, especially for online shopping, these cards are much safer from frauds, Virtual cards cannot be stolen, etc. 

If you like to have a physical copy in your hand, you can also apply for one. 

  • Global acceptance: 

This card is accepted worldwide, you can use this card at any outlet or stores where the Visa Cards are accepted. 

Charges:

  • Finance Charge: 3.4% monthly (49.36% annually)
  • Foreign currency transaction: 3.5% against transaction amount. 

Contact Details:

Call: 1860 419 5555 // 1860 500 5555

Mail: [email protected]

Dispute Resolution Process:

If you notice some unauthorized charges in your account or some billing errors, or if your card is lost or stolen, you should act immediately you can follow the steps given below. 

  1. First of all, contact the customer service authority and describe to them your problem, and follow their instructions. In case of a lost card ask them to block your card immediately. 
  2. If you are not satisfied with the given service, you can take your complaint to the circle nodal officer. You can mail at [email protected] or you can call at +91-080-61865200. 
  3. If you do not get any response from them within 10 days, you can then take your complaint to the principal nodal officer, you can mail it at [email protected] 
  4. If you are still not satisfied at stage 3, you can contact the banking ombudsman. You can find the contact details here https://www.axisbank.com/contact-us/banking-ombudsman  

But before going to the Banking Ombudsman, try to negotiate the issue with the bank.

100xGain Ratings: 2.5/10

Final Opinion:

This card is best for earning Cash-Back benefits. It is a low-budget credit card, that offers various benefits including up to 5% Cash-Back on spends, up to 20% discount on dining bills, annual fee waiver, and lots more. But you can only earn a maximum of ₹500 Cash-Back in a month and there is no Cash-Back or reward benefit on FreeChare wallet load. 

So, after knowing all the details of the card, if you find it beneficial then you can go for this card. But I would not recommend you this card, as there are several other cards out there that can offer you many benefits at this cost for example you can go for ICICI Amazon Pay Credit Card, or IDFC Bank Wealth Credit Card. Both cards offer exclusive benefits at a very low price.   

 

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