Axis Bank has rolled out a new promotion for their Visa Credit Card holders, which is going to offer them a small reward for swiping their foreign exchange transactions on their Axis Bank credit card.

Axis Bank Visa Credit Cards offer INR 2023 Cashback.

Axis Bank, along with the Visa network, has rolled out a new promotion on May 18, 2023, where foreign exchange spending made on the Axis Bank Credit Cards will receive an INR 2023 Cashback when a total of INR 1,70,000 spend is made in Foreign currency on the Axis Bank Credit Card between May 18 and August 18, 2023.

The offer is valid only on point-of-sale transactions made during foreign travel at international merchant outlets and not e-commerce transactions. Also, the offer applies only to cardholders who receive official communication from Axis Bank. Also, gamification is involved here, with only the first 2400 qualifying cardholders getting the one-time cashback on their international credit card spends.

The important T&C of the promotion are as under:

• Only the customers who receive official communication from Axis Bank via SMS, Email, or Mobile App notification will be eligible for the offer.
• The offer period is from 18th May 2023 to 18th August 2023.
• The cashback offer is available only on foreign currency spends made on point-of-sale terminals outside of India. Cash transactions are not eligible for cashback.
• Only the first 2400 Qualifying Promotion Cardholders will receive the one-time cashback of Rs. 2023.
• All transactions must be made using the Promotion Card, that is, eligible Axis Bank Visa credit cards.
• ATM cash withdrawals, E-Commerce transactions, etc., made with the Promotion Cards are not eligible for the cashback offer.
• Incomplete, rejected, invalid, fraudulent, and disputed transactions are not eligible for the offer.
• Transactions done with both the Primary and Add-On cards are eligible, but the cashback is credited just once on the Primary credit card, as mentioned in the offer communication.
• The cashback is credited to the eligible card account within 90 days of the offer period expiry.
• The offer does not apply to Corporate credit cards and is only valid for existing Axis Bank Visa credit cardholders.

You can read all the detailed T&Cs here.

If you have not heard from Axis Bank, do not worry since they are still rolling out the promotion details to everyone. I got a message just a couple of days ago. However, this is not a promotion which I would specifically chase since there is no confirmed way if someone will receive the cashback or not. Also, the cashback does not even make it good for the full amount paid as Forex charges to the bank.

Conclusion

Axis Bank Credit Cards is offering INR 2023 cashback to the first 2400 people who spend at least INR 1,70,000 on their Axis Bank Credit Cards in an international currency by swiping or tapping their card. The promotion is valid from May 18 to August 18, 2023.

What do you think of the Axis Bank Visa Credit Cards International Spend Cashback offer?

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