Exclusive Guide: Decoding the Flipkart Axis Bank Credit Card "Quarter" Confusion
Confused about the new ₹4,000 cashback limit on the Flipkart Axis Bank Credit Card? Understand how the "Statement Quarter" actually works and stop losing your 5% cashback.
Effective from June 20, 2025, the Flipkart Axis Bank Credit Card has introduced a capping on its most popular categories. While users are busy calculating their 5% and 7.5% cashback, a major confusion has surfaced: What exactly is a "Quarter"?
⚠️ The Biggest Misconception:
Many users think the quarter follows the Calendar Year (Jan-Mar) or Financial Year (Apr-Jun). Both are WRONG. This card works on a "Statement Quarter" basis.
The "Statement Quarter" Logic
Your cashback limit of ₹4,000 is calculated based on your Statement Generation Date. This means your quarter start and end dates are unique to your billing cycle.
Example: If your Statement Date is the 15th of every month
Pro Savings Hack 💡
To ensure you don't lose out on any cashback, always check your statement date in the Axis Bank App. If you plan a big purchase on Flipkart or Myntra, make sure you haven't already exhausted your ₹4,000 limit within that specific 90-day cycle of your billing dates.
Quick Summary of Limits:
- Flipkart (5%): Capped at ₹4,000 per Statement Quarter.
- Myntra (7.5%): Capped at ₹4,000 per Statement Quarter.
- Cleartrip (5%): Capped at ₹4,000 per Statement Quarter.
- Swiggy/Uber/PVR/Cultfit (4%): Unlimited Cashback.
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