Devaluation Flipkart Axis Bank Credit Card Major Devaluation - Effective June 20, 2025

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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.

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

This increase significantly enhances the value proposition for fashion enthusiasts and frequent shoppers on Myntra.

​

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.

This change may limit the value for high spenders who previously benefited from higher monthly rewards.

2. Discontinuation of Complimentary Lounge Access​

• The card’s 4 complimentary domestic airport lounge accesses per year will be discontinued from June 20, 2025.

For many frequent travelers, this will significantly reduce the utility of the card.

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).

This aims to simplify the process, though it may introduce ambiguity for some users.

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

 

[desiviru]

Mujhe to sabse zyada dukh Neo card ke devalution ka hai. Mast 240 off per month milta tha

Yeh issi month aaya hai apna Neo LTF. I have also entered list of people who got the card and same month it got devalued. But this devluation virus has striked all cards.

Abhi toh MyZone ke liye alag se mail raat tak aayegi apne pass. 🤣 Vaise bhi Neo ek khaas mission ke liye hai sabke pass. Tomato toh bazaar se bhi le lenge aur uski sabzi khud bana lenge.

 

[rutgersbach]

Yeh issi month aaya hai apna Neo LTF. I have also entered list of people who got the card and same month it got devalued. But this devluation virus has striked all cards.

Abhi toh MyZone ke liye alag se mail raat tak aayegi apne pass. 🤣 Vaise bhi Neo ek khaas mission ke liye hai sabke pass. Tomato toh bazaar se bhi le lenge aur uski sabzi khud bana lenge.

Khaas mission apart from Tomato? 🤔

 

[desiviru]

Khaas mission apart from Tomato? 🤔

Rupay UPI bhai. Abhishek bhai se bachna bhi toh hai. Rupay hai toh zindagi hai. 🤣 Zomato pe ab 499 toh atleast UPI pe toh use kartey rahenge iska.

 

[newmakerhere]

 

[rutgersbach]

Rupay UPI bhai. Abhishek bhai se bachna bhi toh hai. Rupay hai toh zindagi hai. 🤣 Zomato pe ab 499 toh atleast UPI pe toh use kartey rahenge iska.

Anything special vs Tata Neu Infinity?

 

[rutgersbach]

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.

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

This increase significantly enhances the value proposition for fashion enthusiasts and frequent shoppers on Myntra.

​

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.

This change may limit the value for high spenders who previously benefited from higher monthly rewards.

2. Discontinuation of Complimentary Lounge Access​

• The card’s 4 complimentary domestic airport lounge accesses per year will be discontinued from June 20, 2025.

For many frequent travelers, this will significantly reduce the utility of the card.

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).

This aims to simplify the process, though it may introduce ambiguity for some users.

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

Can anybody tell me how this new form of categorisation is really going to work if not for MCC? What's stopping Axis Bank from saying a transaction on Amazon is a jewellery transaction? How is one going to appeal that decision since it's gonna be a complete black box for the customer?

 

[desiviru]

Anything special vs Tata Neu Infinity?

Nothing as such. I took it as it was being given LTF and on paytm gives 5% on bills although not needed as already having HDFC Millennia and SBI Cashback. Bas woh rupyan hai thay yeh BHIM App mein add ho gaya just like ICICI Coral.

Tata Neu is good. Was offered to me as LTF but I don't like cobranded cards. Have all my cards with me which are core cards.

 

[shivamkrishna]

Atlas ka kya hua ?

 

[Irontech]

Stupid 4000/quarter limit. For example, I bought Samsung Z Flip6 512GB few months back for 95k, I would have received cashback only for 80k for this purchase and then the card will be useless for whole quarter after that. All the expensive laptops, phones, TVs etc need 1-3 Lakh range limit.

 

[helloworld]

What does based on 'spend category' means?

I've seen many apps like OneCard, or even AXIS IB do the same by splitting transactiions based on category but 90% of the time they were wrong. Didn't careed much becoz Axis used that to cumulative spend amount only but if they provide cashback/rewards based on that means..

- each bank can decide where that transaction go without even checking and might cause more chaos than MCC, IMO.

Axis system for categorization of spends is not at all trust worthy.

 

[ash_m]

Stupid 4000/quarter limit. For example, I bought Samsung Z Flip6 512GB few months back for 95k, I would have received cashback only for 80k for this purchase and then the card will be useless for whole quarter after that. All the expensive laptops, phones, TVs etc need 1-3 Lakh range limit.

Yes, exactly.

Imagine a CC co-branded with Flipkart that has a quarterly cap of 4K on Flipkart spends, and a higher cashback value on Myntra. Looks like the benefits are more for Myntra than Flipkart. I wonder why wouldn't Axis re-brand this card as Myntra Axis Bank CC.

 

[avikrish]

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.

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

This increase significantly enhances the value proposition for fashion enthusiasts and frequent shoppers on Myntra.

​

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.

This change may limit the value for high spenders who previously benefited from higher monthly rewards.

2. Discontinuation of Complimentary Lounge Access​

• The card’s 4 complimentary domestic airport lounge accesses per year will be discontinued from June 20, 2025.

For many frequent travelers, this will significantly reduce the utility of the card.

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).

This aims to simplify the process, though it may introduce ambiguity for some users.

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

Do we get 5% cashback on SBI CB CC on flipkart grocery and amazon fresh ?

 

[Anindya98]

Do we get 5% cashback on SBI CB CC on flipkart grocery and amazon fresh ?

Y e s

 

[keerthirahul123]

Closed it finally... The last strand of relation with yucksass is cut for me... They offered MyZone which I declined and closed this card.

 

[Abhi21]

Thought of closing Privilege card or wait for better upgrade after 3-6 months after hitting 2.5L milestone and take those 10k edge rewards. But le axis Revaluation comes up.. Gives 1+1 movie offer upto 250/ month.

Also spends will be tracked by categories wise apart from MCC codes.

 

[VISION]

amazon card next to follow for sure

 

[Lalsingh22]

amazon card next to follow for sure

Don't Say that !!! 🙂🙂🙂🙂

 

[VISION]

Don't Say that !!! 🙂🙂🙂🙂

y not as 1outoff3-cashback card did it.. d next two will follow as they don't want extra burden on them.

 

[gigachad]

It is good if you have minimal spends. But if you have minimal spends, I wonder why you even hold this card at a fee of 500+GST.

4000 limit per quarter implies you will meet this threshold just after spending 80K. That's not much, if you're planning to buy some electronics or home applicances in a single sale.

 

[ash_m]

View attachment 97820

I didn't know buying a couple of electronics in a sale is considered as "unfair usage", that it has to be a "side hustle".

Perhaps you need to spend your time a bit seriously on your "primary" hustle, buddy. Who knows, one day you will have enough "resources" to consider this "fairly" common spend.