o
For 10 % cashback on spends on utility bill payments such as gas, electricity, etc., via
Airtel Thanks App, the capping is Rs.250 per month.
o
For 10% cashback on Preferred merchants is capped at Rs.500 per month (combined
for all merchants).
o
For 1% cashback on other spends there is no limit
If a Cardholder's Airtel Axis Bank credit card is terminated at any time for any reason, whether
by the primary Cardholder or the Bank, the primary Cardholder will forthwith be disqualified
from earning the Cash backs and all unused Cash backs then accrued shall automatically be
forfeited immediately after voluntary or involuntary cancellation of the Airtel Axis Bank Credit
Card.
Any remaining Cash back including Cashbacks pending credit into the account of the
Cardholder shall immediately cease to be valid upon the occurrence of the following:
The cancellation of the Airtel Axis Bank credit card; or
The conversion of the Airtel Axis Bank Credit Card to any other Axis Bank credit card
In the event of a default i.e. if the Minimum Amount Due is not paid by the Payment Due
Date or
Breach of any clause of the Card Member Agreement
And no refund, extension or compensation shall be given by Axis Bank even if the card
member’s membership is reinstated.
The Credit Card is issued for personal expenses and purposes only. The Cardholder must not
use the Credit Card to purchase anything for resale, for commercial or business purposes. The
Credit Card should be used only for lawful, bona fide personal purposes and must not be used
for any money laundering, anti-social or speculative activities or must not be exploited
commercially in business (e.g. for working capital purposes).
If the Credit Card is found to be used for prohibited, restricted, commercial purposes or any
purposes as mentioned above, Axis Bank may, at its sole discretion, exercise its right to cancel
the concerned Credit Card and additional/add-on cards thereof and withhold/cancel the
Cashback earned, without any notice to the Cardholder. Axis Bank may enquire with you over
phone or through any other means of formal communication and seek details, information,
proofs, etc., about the Credit Card transactions, pattern of usage, etc. Non- satisfactory
responses or no responses from the Cardholder may lead to blocking/closure of the Credit Card
by Axis Bank.
Use of the Card at Merchant Establishment will be limited by the credit limit assigned to each
Card Account by the Bank.
The Bank may, at any time without prior notice, or stating any reason whatsoever, refuse
authorization for a Charge at a Merchant Establishment, and / or restrict or defer the Card
member’s ability to use the Card and / or suspend or cancel the Card. The Bank through the
ATM, Merchant Establishment, by itself may repossess / retain the Credit Card, if it reasonably