flipkart axis bank credit card new rules,changes and cashback revisions
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1. With effect from 5th March, 2023, following revisions will be applicable on your Flipkart Axis Bank Credit Card: 1% transaction fee (plus 18% GST on transaction fee), capped at Rs.1500 per transaction, will be applicable on all transactions made towards payment of property management fees, rental commissions, rental payments or any such payments made through MCC 6513. A Dynamic Currency Conversion (DCC) markup fee of 1% (plus 18% GST on markup fee) will be applicable on each overseas transaction performed through Indian currency. Utility bill payments, insurance premium payments, education payments will not be eligible for cashback. 2. Any cashback already earned on above stated categories before 5th March, 2023, will remain unaffected. 3. This cashback is credited against the outstanding of the next monthly statement. An SMS will be sent every month which has the total amount of cashback earned in that statement. SMS of cashback earned won’t be sent after every transaction.
W.e.f. 05-03-2023, all the purchases (minus returns and refunds) made by you using the Card will be eligible for rewards as provided below
*Cashback shall not be eligible on fuel spends, EMI transactions, purchases converted to EMI post facto, wallet loading transactions, purchase of gift cards on Flipkart, Myntra, cash advances, rent payment, purchase of gold/jewelry items, utility bill payments, insurance premium payments, education payments, payment of outstanding balances, payment of card fees and other card charges.
W.e.f. 05-03-2023, 1% transaction fee (plus 18% GST on transaction fee), capped at Rs. 1500 per transaction, will be applicable on all transactions made towards payment of property management fees, rental commissions, rental payments or any such payments made through MCC 6513.
W.e.f. 05-03-2023, 1% transaction fee (plus 18% GST on transaction fee) will be applicable on all DCC transactions. Effective 05-03-2023, we shall not send an SMS of cashback earned after every transaction. Instead, we shall send an SMS every month which has the total amount of cashback earned in that statement period. This cashback is credited against the outstanding of your next monthly statement.
W.e.f. 01-04-2023, there will be a change in the way the Interest amount is calculated. Interest will continue to be levied on all transactions and charges that were carried out during the time the customer has revolving credit and has paid less than Total Amount Due in one of the previous months.
Deal Wiki
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Created by : DEALSTER
https://campaign.axisbank.com/generic/fk-reward...
1. What are Merchant Category Codes (MCC) and for which MCCs will cashback be discontinued?
The transactions for each category are identified through Merchant Category Codes (MCC), defined by
the Network, e.g. Visa, MasterCard and RuPay. Axis Bank does not define the merchant category.
Category-wise MCC codes which will not be eligible for cashback are given below:
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What all restrictions arent there on ace?
I guess jewelry rent insurance payments education payments they had already stopped giving cb
Effective 05-03-2023, we shall not send an SMS of cashback earned after every transaction.
NPS would be included in insurance/utility payments category?
What was the loophole and what got closed?
Rent / foreign currency buying etc T&C are all fine and in line. I don’t understand why that evil spirit was happy in earlier post. I guess he’s gone full mad.
Airtel mini kyc 9k credit card to bank transfer 1.5% cb per month per airtel acct got closed for this flipkart card as merchant we got was 'airtel IN' whixh was categorized as bill payment and edu pay on cred and paytm where it fetched 1.5%
all details are here: https://campaign.axisbank.com/generic/fk-reward...
This doesn't bother me much though. Apay card used to give better CB of utility and insurance payments anyway.
Currently, Gift Card purchase on Myntra and Flipkart earns 5% cashback using this card? I think they already don't give any cashback.
For Flipkart, its confirmed that they dont give CB on Axis flipkart card
Not sure about Myntra
so game over for nps and advance tax payments ?
I have doubt Is flipkart axis card debit annual fee and reverse it . If achieve 2 lakh milestone or won't debit charges if u achieve 2 lakhs .
Because they don't debited any charges for me in 13th statement
No entry in statement.
My star health insurance renewal due on Feb 16th, if I use fm axis now I will get 1.5 percent cb right ? And someone please suggest any card which gives more than 1.5 percent on star health insurance as it is not available on Amazon
Other than shoping.. where wr can use fk axis for cb?
And can i get some famous app and mcc code.. likr snapay bajaj areonpay etc..
You should follow the tricks posted by the famous money rotator :
https://www.desidime.com/users/676025...ts
Now usage of axis cc on flipkart website is chargeable with DCC mark up fee plus gst as flipkart is not registered in India ..it is Singapore company 
If we pay advance Tax on income tax site via Flipkart Axis credit card, then how much Cashback 1.5% or nothing?
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Once again nice move by Axis bank 👍🏼
Hope! Axis ace card will get same restriction.