Axis Bank has announced significant revisions to the terms and conditions for its popular AXIS BANK SUPERMONEY RuPay Credit Card, particularly concerning its cashback program. These changes are set to take effect from January 1, 2026.
Credit card users, especially those leveraging UPI payments, should be aware of these updates to maximize their benefits and understand the new computation structure. The key theme is the shift from a fixed monthly cap to a dynamic, linkage-based capping system for premium cashback.
Unlimited Potential: The End of the ₹500 Cashback Cap
One of the most user-friendly changes is the removal of the previous monthly ceiling:
Cashback Capping Removed: The existing capping of ₹500 per statement cycle will no longer be applicable. This opens the door for users with high monthly spending to potentially earn much more cashback overall.
Standard Cashback: Unlimited 1% on Most Spends
The standard cashback rate is now more straightforward and uncapped on non-premium transactions:
Unlimited 1% Cashback: You will earn an unlimited 1% cashback on all eligible UPI purchases (excluding those made through the super.money app) and non-UPI purchases.
The Big Change: New Capping for 3% super.money UPI Cashback
The most critical revision involves the premium 3% cashback earned via the super.money app for UPI purchases. This premium rate is now linked to your other spending.
The New Capping Rule:
3% Cashback Cap: The 3% Cashback on eligible UPI purchases via the super.money app is now capped at the total cashback earned from your other 1% UPI and non-UPI spends in the same statement month.
Understanding the Minimum Cashback Rule:
There is a specific condition where a lower cap applies:
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If the cashback earned from your standard 1% UPI (outside super.money) and non-UPI purchases is under ₹100,
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AND the uncapped 3% cashback from super.money UPI purchases exceeds ₹100,
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Then, the cashback on super.money UPI purchases will be capped at a maximum of ₹100.
New: Minimum Transaction Value
A crucial change for low-value spenders:
- No Cashback Below ₹100: All spends below ₹100 will no longer earn any cashback. Ensure your transactions meet this minimum threshold to qualify.