Axis Bank Cashback Credit Card on Insurance premiums
No. The Axis Bank Cashback Credit Card earns no rewards on Insurance premiums.
On Insurance premiums
0%
Other spends
0.75%
Rank for Insurance premiums
#142 of 149
Annual fee
1st Year Fee: ₹1,000* Plus Applicable Taxes
What to know before you pay on Insurance premiums
How it works
Online shows 5%, the middle tier (monthly online spend of ₹5,001 to ₹40,000). It's 2% if you spend under ₹5,000 online in the month, 7% on spend above ₹40,000. Travel sites (MMT, Cleartrip, Goibibo, IRCTC, IndiGo) earn 0.75%. Airtel/Jio bills paid online count as online spend.
Caps & rules
- Online (non-travel) spends earn tiered cashback on the month's net online spend: 2% on the first ₹5,000, 5% from ₹5,001 to ₹40,000, 7% above ₹40,000; total capped at ₹4,000 per statement month.
- Offline and travel (airlines, hotels, travel agencies, rail) earn 0.75% uncapped.
- Utilities (MCC 4816/4899/4900) earn 0.5%, capped at ₹100 per statement.
- Axis-wide from 28 Aug 2026: no rewards on tolls; DCC markup 3.5% (2% on Magnus).
Reward limits
- Online spends: 2% on the first ₹5,000, 5% up to ₹40,000, 7% above: max ₹4,000 per statement month
- 0.5% bonus on utility bills: max ₹100 per statement month
- 0.75% on offline and travel spends: No limit
No rewards on
Tolls, insurance, education, jewellery, government, wallet, rent, fuel, gift cards
Checked 2026-09-27 · Bank terms
Cards that earn more on Insurance premiums
-
#1
PhonePe SBI Card SELECT BLACK
SBI Card · ₹1,499 + Taxes · Max ₹500 a month
10%
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#2
HDFC Infinia Credit Card Metal Edition
HDFC Bank · ₹12,500 + Taxes
3.33%
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#3
HDFC Diners Club Black
HDFC Bank · ₹10,000 + Taxes
3.33%
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Where else the Axis Bank Cashback Credit Card earns more
Questions
Does the Axis Bank Cashback Credit Card give rewards on Insurance premiums?
No. The Axis Bank Cashback Credit Card earns no rewards on Insurance premiums.
Is there a limit on Axis Bank Cashback Credit Card rewards?
Online (non-travel) spends earn tiered cashback on the month's net online spend: 2% on the first ₹5,000, 5% from ₹5,001 to ₹40,000, 7% above ₹40,000; total capped at ₹4,000 per statement month. Offline and travel (airlines, hotels, travel agencies, rail) earn 0.75% uncapped. Utilities (MCC 4816/4899/4900) earn 0.5%, capped at ₹100 per statement. Axis-wide from 28 Aug 2026: no rewards on tolls; DCC markup 3.5% (2% on Magnus).
Which credit card is best for Insurance premiums?
PhonePe SBI Card SELECT BLACK is the best pick for regular spending on Insurance premiums, with 10% back. The Axis Bank Cashback Credit Card ranks #142 of 149 cards we compared, by what each returns after caps.