Axis Bank has once again implemented significant changes across its credit card portfolio. Following a series of updates in 2024, the bank has now rolled out another round of devaluation and revaluation for several cards, effective from 20th June 2025, with some updates coming into effect from October 2025.
While some cards like the Flipkart Axis Credit Card and Magnus for Burgundy face notable devaluations, others like the Select Credit Card and Privilege Credit Card have been positively restructured with added benefits. For cardholders, staying informed about these changes is crucial to optimise benefits and avoid unexpected losses.
Flipkart Axis Credit Card: Cashback Cap Introduced and Lounge Access Removed
The Flipkart Axis Credit Card, previously known for its generous cashback and travel perks, will undergo the following changes:
Key Changes Effective from 20th June 2025:
- Increased Cashback on Myntra: Cashback on Myntra spends has been increased from 1% to 7.5%, capped at ₹4,000 per statement quarter.
- Cashback Cap on Flipkart and Cleartrip: 5% cashback continues but is now capped at ₹4,000 per quarter for each platform.
- Lounge Access Discontinued: Complimentary domestic airport lounge access will be withdrawn from this card.
These changes significantly reduce the previously unlimited value proposition of the Flipkart Axis Credit Card.
Check full details for the Flipkart Axis Credit Card
Axis Select Credit Card: Revaluation with Entertainment and Shopping Benefits
The Axis Select Credit Card has received a much-needed boost in value, especially for entertainment and grocery shopping categories.
Key Enhancements:
- New Movie Offer: Buy One Get One (BOGO) movie tickets on District by Zomato. Discount of up to ₹250, valid twice a month.
- BigBasket Offer Improved: Minimum order value for ₹500 discount has been reduced from ₹3,000 to ₹2,500.
These updates make the Select Credit Card more attractive for daily lifestyle spending.
Check full details for Axis Select Credit Card
Axis Privilege Credit Card: Added Entertainment Perk
The Axis Privilege Credit Card will now offer enhanced movie ticket benefits.
New Benefit Effective 20th June 2025:
- BOGO Movie Tickets: One free ticket worth ₹250 per month on booking two tickets via District by Zomato.
No other devaluations have been reported for this card at this time.
Check full details for the Privilege Credit Card
Axis Neo Credit Card: Higher Spend Requirement for Zomato Discount
A minor but impactful change is being implemented for the Zomato discount offered on the Neo Credit Card.
Revised Offer (Effective 1st July 2025):
- Discount: ₹120 off per order
- New Minimum Order Value: ₹499 (up from ₹200)
- Usage Limit: Twice per month
Users will need to increase their order size to avail of this benefit.
Check full details for the Neo Credit Card
Axis MyZone Credit Card: Change in Renewal Benefit
Effective from 1st April 2026, MyZone Credit Cardholders will see a change in the way renewal rewards are offered.
New Structure:
- Discontinued Benefit: Sony LIV subscription on ₹1.5 lakh annual spend will no longer be available.
- New Benefit: 1,000 EDGE REWARD Points (worth ₹200) on annual spend of ₹1.5 lakh.
This change slightly reduces the annual renewal reward value.
Check full details for MyZone Credit Card
Axis Rewards Credit Card: Higher Spend Threshold for Swiggy Offer
The minimum spend required to avail the Swiggy discount has been increased.
Updated Offer Details:
- Discount: Flat ₹150 instant discount per order
- New Minimum Spend: ₹500 (previously ₹200)
- Frequency: Twice per calendar month per card
- Coupon Code: Use “AXISREWARDS” during checkout
Check full details for Rewards Credit Card
Magnus / Magnus for Burgundy Credit Card: Cap Introduced on Reward Earnings
High-spending customers using the premium Magnus cards will see a major change in reward point accumulation.
New Reward Structure (Effective 20th June 2025):
- Up to ₹1.5 lakh Spend/Month: 12 EDGE REWARD Points per ₹200
- ₹1.5 lakh to Credit Limit + ₹1.5 lakh: 35 EDGE REWARD Points per ₹200
- Beyond That: Reverts to 12 points per ₹200
This significantly curtails the benefits for users spending large sums on travel or luxury items.
Check full details for the Magnus for Burgundy Credit Card
Reserve Credit Card: Cap on Accelerated EDGE Point Earning
Axis Bank Reserve Credit Cardholders will now face a cap on 2X international rewards.
Updated Structure:
- International Spends:
- Up to monthly credit limit: 30 EDGE Points per ₹200
- Beyond credit limit: 15 EDGE Points per ₹200
Check full details for Reserve Credit Card
Unified Exclusions in Reward and Fee Waiver Calculations
Axis Bank is simplifying how exclusions are identified for reward and fee waiver purposes.
Important Note:
- Exclusion Categories: Utility, telecom, rent, wallet loads, government services, insurance, gold, fuel, and education.
- New Methodology: Identification will be based on the spend category, not the Merchant Category Code (MCC).
New EDGE Reward Forfeiture Policy on Card Closure or Delayed Payments
A new forfeiture policy has been introduced across all Axis credit cards.
Policy Details (Effective 1st October 2025):
- Unredeemed EDGE REWARD Points or EDGE Miles will be forfeited:
- If the card is closed and not redeemed within 30 days.
- If the minimum amount due is unpaid for more than 90 days.
Disclaimer- The information provided in this article is based on publicly available updates from Axis Bank as of May 2025. While we strive to keep the content accurate and up to date, credit card terms and conditions are subject to change at the discretion of Axis Bank. Readers are advised to verify details directly with Axis Bank via official communication channels before making any financial decisions. MobiKwik does not claim responsibility for changes made by Axis Bank and is not affiliated with the bank. Cashback and other offers on the MobiKwik App are subject to terms and conditions and may vary based on user eligibility.
Simplify Credit Card Payments with the MobiKwik App
With all these changes, managing your credit card just got more complex. Fortunately, the MobiKwik App simplifies your financial routine. You can instantly pay Axis Bank credit card bills with real-time settlement and unlimited cashback. Avoid delays, missed payments, and manual tracking—MobiKwik ensures you stay on top of your credit cards with rewards on every transaction.
Frequently Asked Questions (FAQs)
1. When do the changes in Axis Bank credit cards take effect?
Most changes will begin on 20th June 2025, while others will roll out in July and October 2025.
2. What are the major devaluations?
The Flipkart Axis Credit Card loses lounge access and introduces cashback caps. The Magnus card now has a capped reward structure.
3. Which cards are being revalued?
The Axis Select and Privilege Credit Cards have gained new movie and shopping benefits.
4. What happens to EDGE Points if I close my credit card?
You must redeem your points within 30 days of closure, or they will be forfeited.
5. How can I get cashback on my credit card bill payments?
Use the MobiKwik App to earn unlimited cashback with instant bill settlement.
Axis Bank’s May 2025 credit card updates bring a mix of reward limitations and added benefits. High-spending cardholders, particularly on Magnus and Reserve, will need to re-evaluate their strategies. Meanwhile, Select and Privilege cardholders receive enhanced lifestyle perks. With changing policies and new caps, using the MobiKwik App can be a smart move to manage payments efficiently and earn cashback rewards.
Summary-
Axis Bank Credit Card Changes – Effective June & October 2025
Axis Bank has revised the features of multiple credit cards, including Flipkart Axis, Magnus, Select, Privilege, Neo, MyZone, and more.
Key Updates:
- Cashback on Myntra increased, but is now capped
- Lounge access removed from Flipkart Axis Credit Card
- Magnus card rewards are capped beyond monthly thresholds
- New BOGO movie offers on Select and Privilege cards
- Spend exclusions are now based on transaction category, not MCC
- Forfeiture of EDGE Points on card closure or delayed payments
Important Tip: Use the MobiKwik App to pay your Axis Bank credit card bills and earn unlimited cashback with instant settlement.
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