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Bank Offer Extra5% Cashback* on Axis Bank / HSBC Bank / Canara Bank Debit Cards only.

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Terms & Conditions – Axis Bank Credit Card Cashback Proposition

Definitions: For the Axis Bank Credit Card, the following terms shall, unless the context otherwise admits, shall have the following meanings:

* Cashback shall mean money awarded in the customer’s credit card account under the cashback scheme.

* Preferred Merchants shall include certain merchants on which the cashback earnings shall be 4%. These merchants can change at the bank’s discretion.

* The cashbacks will be processed according to the following table:

Spends on                             
                  Cashback

Mediaddy & Mediaddy entities*                 5%

Preferred Merchants**                                4%

All other merchants                                      1.5%

* Valid on the website as well as mobile application of Mediaddy.Com

** Preferred merchants and their respective offers are subject to change from time to time without any prior notice. Please click on the following link to see the updated list of merchants and their respective offers: {URL}

* Cashback shall not be eligible for following spends/transactions on the card. 

* Fuel Spends.

* Cash Advances. 

* EMI Transactions.

* Purchase of Gold Items.

* Wallet Loading Transactions.

* Payment of outstanding Balances.

* Purchase of Gift cards on Mediaddy.

* Purchases converted to EMI Post Facto.

* Payment of card fees and Other Card Charges.

                                For eg. If the customer spends Rs. 50,000 in a billing cycle with the following break up of spends. 

* Mediaddy: Rs. 10,000 | Preferred Merchants: Rs. 5,000 | Other spends: Rs. 35,000

* Out of these “Other spends”, Rs. 10,000 was an EMI purchase.

* Thus, the total spends eligible for cashback would only be Rs. 10,000 + Rs. 5,000 + Rs. 35,000 – Rs. 10,000 (EMI transaction) = Rs. 40,000.

* The cashback for the billing cycle in example would be calculated as follows:

5% of Rs. 10,000 = Rs. 500

4% of Rs. 5,000 = Rs. 200

1.5% of Rs. 25,000 = Rs. 375

Thus, the total cashback for the example would be Rs. 500+200+375 = Rs. 1,075

* Non-customer initiated payment/credit such as Merchant refund/cashback/charge reversals etc. received into the credit card account will not be considered as a payment towards the outstanding of the card. However, such credits will be considered to compute the subsequent month’s dues.

* Cashback earned for the purchases during the current billing cycle will be credited in the next billing cycle 3 days prior to the statement generation date i.e. if the statement date is 15th March, cashback earned in the Feb month cycle (16th Jan-15th Feb) will be credited on 12th March.

* Cashback earned will be computed based on spends during the statement period minus any returns or refunds during the same period.

* In case the purchase/ transaction is returned/ cancelled/ reversed post statement generation date, cashback toward such transactions will be debited on the date of such purchase/ transaction reversal. 

                Statement Period: 16th of a month to 15th of the next month.

Cashback Credit 

* Purchase on Flipkart on 10th Jan - Rs 1000 - Dr.

* Cashback earned in the Jan cycle with statement date of 15th Jan - Rs 50.

* Cashback credited 3 days prior to next statement date i.e. on 12th Feb - Rs 50 - Cr.

- In case of conversion of a transaction to EMI at a later date, cashback earned on such transaction will be reversed during the same billing cycle as EMI conversion.

* There is Maximum Rs- 1500.00 earnings of cashback on the credit card.
* The cashbacks earned/reversed during a billing cycle will be visible in the monthly credit card billing statement.
* In case the customer reverses a transaction, the corresponding cashback earned on the transaction will also be reversed and in case the customer has an outstanding balance on credit card in the form of reversed cashback, the same will be treated as an ordinary outstanding balance and the customer will be liable to pay for such outstanding amount, failing which the said amount will attract the fees & charges as per the schedule of charges defined in the Most Important Terms and Conditions. 

* Nothing contained in the cashback proposition shall be construed as a binding obligation on Axis Bank or any participating Merchant Partner to continue the Cashback Scheme after the Scheme Termination Date or to substitute the Cashback Scheme by a new or similar scheme.

* The bank may temporarily prohibit any customer from earning cashback or using any features of the program. 

* The terms and conditions mentioned in the document can be revised or terminated at any time without prior notice.

* The cashback shall not be applicable if the Card has been withdrawn or cancelled or is liable to be cancelled or the account of the Card member is a delinquent Account.

* Axis Bank’s computation of the Cashback shall be final, conclusive and binding on a Card member and will not be liable to be disputed or questioned.

* The terms contained in this document shall be in addition to and not in derogation of the Most Important Terms and Conditions document.

* The cashback proposition is made available at the pleasure of Axis Bank and Axis Bank expressly reserves the right at any time and with notice to Card members, to add to and/or alter, modify, change or vary all or any of these Terms and Conditions or to replace wholly or in part, the Cashback Scheme by another scheme, or to withdraw it altogether.

* Without prejudice to anything contained in the Terms and Conditions, all disputes, if any, arising out of or in connection with or as a result of the Rewards Scheme or otherwise relating hereto shall be subject to the exclusive jurisdiction of the competent courts / tribunals at Mumbai.

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