Axis Bank has announced a set of changes to the Flipkart Axis Bank Credit Card, set to take effect from June 20, 2025. These updates include both enhancements and benefit reductions that will impact how cardholders earn and redeem cashback.
The primary appeal of this card was the unlimited 5% cashback on Flipkart, which now appears to be fading. Moreover, Axis Bank has a history of suspending cards under the pretext of "business transactions" if you use your card extensively on Flipkart.
Simple suggestion: Consider applying for the SBI Cashback Credit Card, which offers 5% cashback on all online shopping and other eligible spends - with fewer restrictions.
👉 Apply for the SBI Cashback Card here: https://www.technofino.in/takeme/sbi-cb-tfc
What’s New: Enhancement on Myntra Cashback
In a welcome move, Axis Bank has increased the cashback rate for Myntra purchases. Previously offering just 1%, cardholders will now enjoy a 7.5% cashback rate on eligible transactions made on Myntra.- Maximum cashback: ₹4,000 per statement quarter
What’s Changing: Devaluation of Key Benefits
While the Myntra upgrade is a positive development, Axis Bank has also introduced some notable devaluations:1. Quarterly Cashback Limits on Flipkart & Cleartrip
- Cardholders will continue to earn 5% cashback on Flipkart and Cleartrip purchases.
- However, cashback will now be capped at ₹4,000 per statement quarter for each merchant, a shift from the earlier monthly cap.
2. Discontinuation of Complimentary Lounge Access
- The card’s 4 complimentary domestic airport lounge accesses per year will be discontinued from June 20, 2025.
3. Simplified Reward Exclusion Criteria
- There is no change to the categories excluded from earning cashback or being considered for spend-based fee waivers.
- However, instead of relying on 4-digit Merchant Category Codes (MCCs), exclusions will now be identified by broader spend categories (e.g., Utilities, Telecom, Wallet Loads, Rent).
Summary of Changes
| Feature | Existing Benefit | New Benefit (From 20-06-2025) |
|---|---|---|
| Myntra Cashback | 1% | 7.5% (₹4,000/quarter cap) |
| Flipkart Cashback | 5% (Monthly cap) | 5% (₹4,000/quarter cap) |
| Cleartrip Cashback | 5% (Monthly cap) | 5% (₹4,000/quarter cap) |
| Lounge Access | 4 Complimentary Domestic/Year | Discontinued |
| Reward Exclusion Criteria | Based on MCC | Based on Spend Category |
Conclusion
While the improved cashback on Myntra is a step in the right direction, the introduction of quarterly caps on Flipkart and Cleartrip, combined with the removal of lounge access, marks a significant devaluation of the Flipkart Axis Bank Credit Card.The primary appeal of this card was the unlimited 5% cashback on Flipkart, which now appears to be fading. Moreover, Axis Bank has a history of suspending cards under the pretext of "business transactions" if you use your card extensively on Flipkart.
Simple suggestion: Consider applying for the SBI Cashback Credit Card, which offers 5% cashback on all online shopping and other eligible spends - with fewer restrictions.
👉 Apply for the SBI Cashback Card here: https://www.technofino.in/takeme/sbi-cb-tfc
