Axis Bank Cashback Credit Card on PhonePe
Yes, but only its standard rate: the Axis Bank Cashback Credit Card gives 0.5% back on PhonePe, the same as most other spends.
On PhonePe
0.5%
Other spends
0.75%
Rank for PhonePe
#77 of 149
Annual fee
1st Year Fee: ₹1,000* Plus Applicable Taxes
What to know before you pay on PhonePe
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
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Questions
Does the Axis Bank Cashback Credit Card give rewards on PhonePe?
Yes, but only its standard rate: the Axis Bank Cashback Credit Card gives 0.5% back on PhonePe, the same as most other spends.
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 PhonePe?
PhonePe SBI Card SELECT BLACK gives the most on PhonePe, 10% back. The Axis Bank Cashback Credit Card ranks #77 of 149 cards we compared.