Axis Cashback Credit Card: Hello guys, welcome back to our platform! I am Keshav Wadwale. Today, I am going to provide a comparative study of these two credit cards and help you decide which one might be the better option for you.
Joining and Annual Fee
- Axis Cashback Credit Card:
- Joining Fee: ₹1
- Annual Fee: ₹1
- To waive the annual fee, a minimum annual spend of ₹1 lakh is required.
- Cashback SBI Card:
- Joining Fee: ₹999
- Annual Fee: ₹999
- To waive the annual fee, a minimum annual spend of ₹2.5 lakh is required.
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Welcome Benefits
- Axis Cashback Credit Card:
- 5,000 Edge Reward Points, valued at approximately ₹1 as each Edge Reward Point equals 20 paisa.
- Cashback SBI Card:
- No joining benefits.
Axis Cashback Credit Card on Online Merchant Spends
- Axis Cashback Credit Card:
- Up to 7% cashback on online merchant spends. However, cashback applies only in intervals:
- First ₹5,000 spend yields 0.5% cashback.
- After ₹5,000, on every ₹1 spend, cashback is 1%.
- For spends above ₹1 lakh, cashback is 7%.
- Total effective cashback is around 5.65%.
- Cashback SBI Card:
- Up to 5% cashback on all spends without thresholds, making it more accessible for mid-range spenders.
Earn more points with Macy’s tiered rewards structure
Online vs. Offline Spends
Axis Cashback Credit Card:
- Online spends: Up to 7% cashback in intervals.
- Offline spends: 0.75% cashback, limited to ₹5,000 per month.
- Cashback SBI Card:
- Online spends: Flat 5% cashback.
- Offline spends: 1% cashback on all offline purchases without cap limitations.
Unlock Exclusive Perks with the Macy’s American Express Credit Card
Utility Spends
- Axis Cashback Credit Card:
- Offers 0.5% cashback on utility bill payments.
- Cashback SBI Card:
- No cashback on utility spends.
Fuel Surcharge Waiver
- Axis Cashback Credit Card:
- No fuel surcharge waiver.
- Cashback SBI Card:
- Offers fuel surcharge waiver on spends over ₹500 with up to ₹100 monthly savings.
Dining Discounts
- Axis Cashback Credit Card:
- Up to 20% discount at partner restaurants on a minimum spend of ₹2,000 once a month.
- Cashback SBI Card:
- No dining discount offers.
How to Choose the Best Credit Card for Cashback and Discounts in the US
Upgrade Option for Citi Credit Card Holders
- Axis Cashback Credit Card:
- Citi credit card holders upgrading to Axis Cashback Credit Card will benefit from the new cashback offers with no increase in fees.
- Cashback SBI Card:
- Consistent cashback structure without minimum spend requirements.
Both cards offer unique advantages depending on the user’s spending habits. For a tension-free cashback experience, the Cashback SBI Card is ideal with a consistent cashback on all spends without thresholds. The Axis Cashback Credit Card, however, is suitable for high spenders due to its tiered cashback system.