Axis Bank Cashback
EntryAxis Bank
Where it ranks · across all 71 cards
#13 Online shopping3.5%direct#8 Groceries3.5%direct#13 Food delivery3.5%direct
Devaluation history
- 2026-08-28 - 28 Aug 2026 generic wave applies (DCC→3.5%, late-fee slab, gift-card category). Travel spends - even online - earn 0.75% base, never the online tiers.
Reward rules
Base rate - everything not covered below
cashback
0.75%
effective
Online cashback, tiered 2% / 5% / 7% by monthly spend
cashback
3.50%
effective
cap ₹4,000/month
Slabs on net monthly online spend: 2% to ₹5k (max ₹100), 5% to ₹40k (max ₹1,750), 7% above (max ₹2,150); total cap ₹4,000/statement month. Travel MCCs earn 0.75% base even online. T&C update announced effective 28 Aug 2026 - re-verify.
Source: Axis Bank Cashback Credit Card T&C (PDF) · 2026-08-22
0.5% on utilities
cashback
0.50%
effective
cap ₹100/month
Utility MCCs 4816/4899/4900, capped ₹100 per statement.
Source: Axis Bank Cashback Credit Card T&C (PDF) · 2026-08-22
Earns nothing on
- ⊘ Fuel earns nothing (surcharge waiver only).
- ⊘ Rent earns nothing.
- ⊘ Wallet loads excluded.
- ⊘ EMI excluded.
- ⊘ Transportation & tolls (incl. cabs, MCC 4121) earn NO cashback under any category.4111412141314784bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Insurance MCCs excluded from cashback.63006381596060126051bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Educational-institution MCCs excluded from cashback.82118241824482498299bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ Jewellery, precious metals and watches excluded from cashback.59445094bank MCC list→ use HDFC Infinia Metal here (3.3%)
- ⊘ Government-institution MCCs excluded from cashback.9211922293119399940294058220bank MCC list→ use PVR INOX Kotak here (3.0%)