Axis Bank has made their cashback credit cards less rewarding!
📌Axis Ace Credit Card : Now gives 1.5% cashback on most purchases, down from 2%. It no longer offers cashback on utility bills unless you use the GPay app. You now need to spend ₹50,000 in the last three months to get airport lounge access.
📌Axis Flipkart Credit Card : Cashback on most purchases has decreased to 1% from 1.5%. To access airport lounges, you also need to spend ₹50,000 in the last three months.
📌Axis Airtel Credit Card : The monthly cashback on Airtel services is now capped at ₹250, reduced from ₹300. The same reduced cap applies to cashback on gas, water, and electricity bills. Spending ₹50,000 in the last three months is required for airport lounge access.
📌Axis FreeCharge Credit Card : No longer offers cashback on utility bill payments unless made through the FreeCharge app.
These changes start from April 20, 2024