Terms & Conditions – Flipkart Axis Bank Credit Card Cashback Proposition

Definitions: For the Flipkart 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.

• Cashback shall not be eligible for following spends/transactions on the card:

o Fuel Spends

o Purchase of gift cards on Flipkart, Myntra, 2Gud.com

o EMI transactions

o Purchases converted to EMI post facto

o Wallet loading transactions

o Purchase of gold items

o Cash advances

o Payment of outstanding balances

o Payment of card fees and other card charges

• 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.

• 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

• 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

• There is no limit on earnings of cashback on the credit card.

• If a Cardholder's Flipkart 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 Flipkart Axis Bank Credit Card.

• Any remaining Cash back including Cash backs pending credit into the account of the Cardholder shall immediately cease to be valid upon the occurrence of the following:

• The cancellation of the Flipkart Axis Bank credit card; or
• The conversion of the Flipkart 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.

• 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 with 30 days 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.