Cardfare / What changed / Airtel Axis ties cashback caps to base spend, drops Swiggy and lounges
Airtel Axis ties cashback caps to base spend, drops Swiggy and lounges
The 25% Airtel cap is now twice the 1% base cashback earned that month, and the 10% utility cap equals the base cashback, replacing fixed ₹250 caps. The 10% cashback on Swiggy, Zomato and BigBasket became 10% value-back (max ₹200 per partner) on Zomato, Blinkit and District, and the 4 domestic lounge visits were removed.
Cards affected
Source
10% cashback benefit on Swiggy, Zomato, and BigBasket has been replaced with a 10% value back on Zomato, Blinkit, and District Movies
Axis Bank – Airtel card T&C revision
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UpcomingUpdateAxis Bank· from 15 November 2026
Axis complimentary memberships renew only with your consent
Complimentary memberships on Magnus, Magnus for Burgundy, Reserve, SELECT and other premium Axis cards will renew only after explicit cardholder consent. Axis says renewal details and consent options will be shared near the renewal date.
Cards: AXIS BANK MAGNUS Credit Card, Axis Bank Reserve Credit Card, Axis Bank Select Credit Card
Source: Axis Bank – Reserve T&C revision
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UpcomingCutAxis Bank· from 1 November 2026
Axis movie offers need ₹25,000 spend in the previous 3 months
The District buy-one-get-one on SELECT, Privilege and MY ZONE, and the NEO BookMyShow discount, will require ₹25,000 of settled spend in the previous 3 months. New cards are exempt for the issuance month and the next 3 months.
Cards: Axis Bank Select Credit Card, AXIS BANK PRIVILEGE Credit Card
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UpcomingCutAxis Bank· from 1 October 2026
Axis SELECT milestone no longer counts non-reward spends
The ₹3 lakh annual spend that unlocks 6 extra international lounge visits, 6 golf rounds and Priority Pass renewal on SELECT will no longer count insurance, rent, fuel, education, utilities and telecom, wallet, gold/jewellery, government or gift card spends.
Cards: Axis Bank Select Credit Card
Source: Axis Bank – SELECT T&C revision
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CutAxis Bank· since 28 August 2026
Axis stops rewards on tolls and moves gift cards to their own excluded category
Bridge, road and toll payments no longer earn rewards. Gift card purchases remain excluded from rewards and fee-waiver spend and now sit in a separate 'Gift card' category instead of 'Wallet'.
Cards: Axis Bank Select Credit Card, AXIS BANK PRIVILEGE Credit Card, AXIS BANK MAGNUS Credit Card, Axis Bank Reserve Credit Card
Source: Business Standard