Date: 20-05-2025 - Axis Credit cards
Credit Card: Axis Neo Credit Card
Devaluation Alert (effective from 01-07-2025):
Zomato offer changed from 40% off on ₹200 (max ₹120) to a
flat ₹120 off on ₹499 minimum spend, valid
twice a month.
(The voucher code for the offer is AXISNEO)
Comments: The minimum order value to avail the offer has increased now and which excludes GST, restaurant charges, and Delivery Fee.
Thread Link: click here
Source: Axis Neo New T&C
Credit Card: Axis MyZone Credit Card
Devaluation Alert (effective from 01-04-2026):
Sony LIV subscription benefit discontinued on ₹ 1.5 Lakh annual spend. Instead, get
1,000 EDGE Reward Points as milestone benefit.
Comments: From OTT subscription to reward points—clear downgrade.
Thread Link: click here
Source: Axis MyZone New T&C
Credit Card: Axis Flipkart Credit Card
Devaluation Alert (effective from 20-06-2025):
- Myntra cashback increased from 1% → 7.5%, capped at ₹4,000/quarter.
- Lounge access (4/year) discontinued.
- Flipkart & Cleartrip cashback capped at ₹4,000/quarter each.
Comments: Better cashback on Myntra, but losing lounges hurts value, and capping on Flipkart spends is not a good move IMO.
| Platform | Cashback Rate | Cap per Quarter | Required Spend |
|---|
| Myntra | 7.5% | ₹4,000 | ₹53,334 |
| Flipkart | 5% | ₹4,000 | ₹80,000 |
| Cleartrip | 5% | ₹4,000 | ₹80,000 |
Thread Link: click here
Source: Axis Flipkart new T&C
Credit Card: Axis Magnus for Burgundy Credit Card
Devaluation Alert (effective from 20-06-2025):
- Reward structure revised:
- Up to ₹1.5L/month: 12 pts/₹200
- ₹1.5L to (Credit limit + ₹1.5L): 35 pts/₹200
- Beyond that: back to 12 pts/₹200
- Excluded spend categories for reward earn/spend based fee waiver: Rent (up to ₹50K), Utilities, Telecom, Wallet, Govt. spends, Fuel, Insurance, etc.
Comments: Tiered rewards; more effort needed for maximum gain.
Thread Link: click here
Source: Axis Magnus for Burgundy new T&C
Credit Card: Axis Privilege Credit Card
Revaluation Alert (effective from 20-06-2025):
Get
BOGO on movie tickets via the District app, 100% off on the 2nd ticket (up to ₹250), once a month.
Devaluation Alert (effective from 20-06-2025):
Excluded spend categories for reward earn/spend based fee waiver: Transactions made on Utility & Telecom, Rent, Wallet, Government services, Insurance, Gold & Jewellery, Fuel, Educational services
Comments: One more card for BOGO - Good move
Thread Link: click here
Source: Axis Privilege new T&C
Credit Card: Axis Select Credit Card
Revaluation Alert (effective from 20-06-2025):
- NEW BOGO movie tickets via the District app (max ₹250 off) twice per month
- BigBasket: Flat ₹500 off on Min order value of ₹2,500 (The voucher code for the offer is AXISSELECTCC)
Devaluation Alert (effective from 20-06-2025):
Excluded spend categories for reward earn/spend based fee waiver: Transactions made on Utility & Telecom, Rent, Wallet, Government services, Insurance, Gold & Jewellery, Fuel, Educational services
Comments: I think we can consider this card now if LTF
Source: Axis Select new T&C
Credit Card: Axis Rewards Credit Card
Devaluation Alert (effective from 20-06-2025):
Updates to Spend Exclusion Criteria for Reward Earnings
The following categories will be
excluded from earning reward points:
- Transportation & Tolls, Utilities, Insurance, Educational Institutions, Government Institutions, Wallet Reloads, Rent, Fuel
Spend-Based Fee Waiver Calculation
The following categories will be
excluded from minimum spend calculations for
fee waivers:
Milestone Benefit Calculation
The following categories will be
excluded from milestone eligibility calculations:
- Insurance, Wallet Reloads, Rent, Cash Withdrawals
(Effective 01-07- 2025):
Swiggy Instant Discount Offer: Get a
flat ₹150 instant discount on a
minimum txn of ₹500, twice per calendar month
(The voucher code for the offer is AXISREWARDS)
Source: Axis Bank Email notification -
Attached below
Common changes Applicable for all cards:
Effective 20-06-2025:
Exclusion Criteria for Reward Calculations
- There is no change to the spend categories that are excluded from earning rewards.
- However, to simplify reward tracking, excluded transactions will now be identified based on spend categories instead of the 4-digit Merchant Category Code (MCC).
- The excluded spend categories are:
- Movie, Fuel, Insurance, Utility, Rent, Wallet reloads, Jewelry, Education, Government Institutions.
Effective 01-10-2025:
Reward Points / Miles Forfeiture Policy
- The Bank reserves the right to forfeit unredeemed EDGE REWARD Points / EDGE Milesunder the following conditions:
- If the credit card is closed and the points/miles remain unredeemed beyond 30 days from the closure date.
- If the minimum amount due remains unpaid for more than 90 days.
- In case of card closure, it is recommended to redeem your EDGE REWARD Points / EDGE Miles within 30 days to avoid forfeiture.
