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Axis Bank is set to introduce significant enhancements and revisions to the terms and conditions for its Flipkart Axis Bank Credit Card, effective 20 June 2025. These changes aim to provide cardholders with increased value on popular spending categories while also updating certain benefits and how spend exclusions are identified.
Table of Contents
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Enhanced Cashback Benefits
Here's a breakdown of what's changing, so you can make the most of your Flipkart Axis Bank Credit Card starting 20 June 2025:
➡️Myntra Cashback Boost
A notable enhancement is the increase in cashback for transactions on Myntra. Cardholders will now enjoy an increased cashback of 7.5%, a substantial rise from the previous 1%. This enhanced cashback is subject to a maximum cap of ₹4,000 per statement quarter.
➡️Flipkart & Cleartrip Cashback Updates
- While the 5% cashback on Flipkart and Cleartrip remains, a new quarterly maximum has been introduced.
- Cardholders will continue to earn 5% cashback on Flipkart and Cleartrip, with a maximum cashback of ₹4,000 per statement quarter for Flipkart and ₹4,000 per statement quarter for Cleartrip.
- Cashback earned during a statement month will be credited 3 days before the next statement generation date.
➡️Other Existing Cashback Benefits:
Cardholders can continue to enjoy a range of existing cashback benefits:
- Unlimited 4% cashback on spends at PVR, Swiggy, Cult.fit, and Uber.
- Unlimited 1% cashback on all other eligible spends.
- Up to 15% off (up to ₹500) on dining via EazyDiner.
- 1% Fuel surcharge waiver on transactions ranging from ₹400 to₹4,000 at fuel stations across India.
Domestic Lounge Access Discontinuation & Revised Spend Exclusions
Effective 20 June 2025, the benefit of 4 complimentary domestic airport lounge accesses will be discontinued for Flipkart Axis Bank Credit Card holders.
Furthermore, to simplify the identification of non-rewardable transactions, the method for determining spend categories excluded from earning rewards and spend-based fee waiver calculations will change. Such transactions will now be identified based on the spend category (e.g., Utility & Telecom, Rent, Wallet) rather than the previously used 4-digit Merchant Category Code (MCC).
Specific spend categories that are excluded from cashback include:
- Utility & Telecom
- Education
- Rent
- Wallet load
- Government services
- Insurance
- Gold & Jewellery
- Fuel
- Financial Institutions
- Cash advances
- Repayments
Additionally, transactions made on Rent and Wallet load are specifically excluded from spend-based fee waiver calculations.
To provide a clear comparison, here's a table outlining the old versus new features of the Flipkart Axis Bank Credit Card, effective June 20, 2025:
| Feature | Old Benefits | New Benefits (Effective June 20, 2025) |
| Myntra Cashback | 1% cashback | 7.5% cashback (max ₹4,000 per statement quarter) |
| Flipkart Cashback | 5% cashback (no explicit quarterly cap mentioned previously) | 5% cashback (max ₹4,000 per statement quarter) |
| Cleartrip Cashback | 5% cashback (no explicit quarterly cap mentioned previously) | 5% cashback (max ₹4,000 per statement quarter) |
| Domestic Airport Lounge Access | 4 complimentary accesses per year | Discontinued |
| Excluded Spend Categories Identification | Based on a 4-digit Merchant Category Code (MCC) | Based on spend category (e.g., Utility & Telecom, Rent, Wallet) |
| Excluded from Cashback | Utility & Telecom, Education, Rent, Wallet load, Government services, Insurance, Gold & Jewellery, Fuel, Financial Institutions, Cash advances, Repayments | No change in categories, but the identification method has been simplified to the spend category. |
| Excluded from Spend-Based Fee Waiver | Transactions on Rent and Wallet Load | No change in categories, but the identification method has been simplified to the spend category. |
| Other Benefits (PVR, Swiggy, Cult.fit, Uber, All other eligible spends, Dining, Fuel surcharge waiver) | Unlimited 4% / Unlimited 1% / Up to 15% off / 1% waiver | No change |
In conclusion, the upcoming changes to the Flipkart Axis Bank Credit Card, effective 20 June 2025, represent a significant shift in its benefits structure. While the discontinuation of complimentary domestic lounge access might impact frequent travellers, the substantial increase in Myntra cashback, along with continued strong cashback rates on Flipkart, Cleartrip, and other popular categories, aims to enhance the card's value for everyday spending. Cardholders are encouraged to review these revised terms to maximise their benefits and understand the updated spend exclusion categories for a seamless experience.
Also, read about the full features, benefits, and charges of the Flipkart Axis Bank Credit Card on Finology Select.
FAQs
1. What is changing with the Flipkart Axis Bank Credit Card from 20 June 2025?
Axis Bank is updating the terms and conditions of the Flipkart Axis Bank Credit Card. Key changes include a significant boost in Myntra cashback, quarterly caps on Flipkart and Cleartrip cashback, the discontinuation of domestic lounge access, and a revised method for identifying excluded spend categories.
2. Is lounge access still available on the Flipkart Axis Bank Credit Card?
No. Starting 20 June 2025, complimentary domestic airport lounge access will be discontinued for Flipkart Axis Bank Credit Card holders.
3. What is the new cashback rate for Myntra purchases?
Cashback on Myntra transactions has been increased to 7.5%, up from the earlier 1%. This is subject to a maximum cap of ₹4,000 per statement quarter.
4. Has the cashback on Flipkart and Cleartrip changed?
The 5% cashback rate remains unchanged, but a quarterly cap of ₹4,000 has been introduced for Flipkart and a separate ₹4,000 cap for Cleartrip. Cashback will be credited 3 days before the next statement generation date.
5. What are the ongoing cashback benefits that remain unchanged?
Cardholders will continue to enjoy:
- 4% unlimited cashback on PVR, Swiggy, Cult.fit, and Uber.
- 1% unlimited cashback on all other eligible spends.
- Up to 15% off (up to ₹500) on dining via EazyDiner.
- 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹4,000.
6. How will exclusions be identified going forward?
Previously, excluded transactions were identified by Merchant Category Codes (MCCs). From 20 June 2025, they will be identified based on spend categories like Utility, Rent, Wallet, etc.
7. Which spending categories are excluded from earning cashback?
Cashback will not be earned on the following categories:
- Utility & Telecom
- Education
- Rent
- Wallet load
- Government services
- Insurance
- Gold & Jewellery
- Fuel
- Financial Institutions
- Cash advances
- Loan repayments
8. Are any spending categories excluded from the annual fee waiver?
Yes, transactions related to Rent and Wallet load are excluded from spend-based annual fee waiver calculations.
9. Will these changes affect all cardholders?
Yes, all Flipkart Axis Bank Credit Card holders will be subject to the new terms starting 20 June 2025.
10. Where can I check these changes officially?
You can visit the Axis Bank website or mobile app for detailed terms and updates regarding the Flipkart Axis Bank Credit Card.
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