Axis has devaluated almost all cards today including Axis Ace, and Axis Flipkart where cashback of 2pc and 1.5pc has reduced to 1.5pc and 1pc respectively. Along with this 50000 spend criterion is also updated in all axis bank credit cards like Axis Flipkart Axis Ace Axis Indian Oil Axis My zone and all other cards except Premium credit cards like Burgundy and Magnus.