How I Earned Rs.2500 Cashback with Axis Bank Priority Debit Card

By | March 1, 2017

All of us are searching hard to find the best credit card with higher reward rate through points or as direct cash back. But we’re missing out some unbelievable offers that are available even on debit cards. Once such card is axis bank’s priority debit card that can easily save you 10% of your spends made online. Let’s dive into the details.

Cashback Offer details on Axis Bank Priority Debit Card:

Priority Customers spending Rs. 20,000 or more, online, in a quarter on their Priority Debit Card (only online spends) will get to choose from one of the below mentioned rewards, every quarter:

  1. 10% Cash back capped at Rs 2500 / quarter (or)
  2. Option to convert above cash back to equivalent eDGE loyalty points

Quarter” is defined as below:

  1. “1st January to 31st March”
  2. “1st April to 30th June”
  3. “1st July to 30th September”
  4. “1st October to 31st December”

So basically you need to spend Rs.25,000 online in a span of 3 months to avail a maximum cashback of Rs. 2500, considering 4 quarters in a year, that’s about Rs.10,000 in savings just for using a DEBIT card.

It’s a perfect fit for most of the families who spend about 1Lakh on the card, on quick research I just realized most of my friends are fitting in to this category and they can save 10k very easily. But the downside is the minimum balance that you need to maintain to avail this card.

Redemption:

Once you’ve done the purchase, wait for a week or two and then you can claim the offer by clicking the offer page which pops up at the bottom of the screen once you login to the net banking a/c. Its a 2 click process and you get the funds on your linked savings a/c instantly as below.

How to get Axis Bank Priority debit card:

  • Open priority savings ac with 2 Lakh balance
  • You need to maintain AQB of 2 Lakh to keep this card free.
  • If you’re upgrading your ac from regular savings ac to priority, ask them to issue priority debit card post account upgrade.

My account upgrade was a big headache and as it fell under the demonetization days, it went worse. It took them about 2 months to upgrade my ac, but if your planetary positions are good, you may get it done in a week or two. It’s relatively easy to open a new priority ac on other hand.

So from the array of debit cards, this is the BEST DEBIT CARD you can ever have in the cashback perspective and next comes the HDFC debit card that gives you 1% cash back on both online/offline spends upto Rs.750 a month.

  • Cardexpert Rating: 5/5 

Do you use this axis bank priority debit card? Share your views in comments below.

103 thoughts on “How I Earned Rs.2500 Cashback with Axis Bank Priority Debit Card

  1. Captain Bishuddha Bharatiya

    4 days ago I opened a priority account with Axis Bank. Thanks a lot for this amazing information. As always bank representative has not informed me about this offer.
    I want Axis credit card so i have opened this account.
    Should I apply for credit card immediately or should I wait for 6 months ?
    My annual income is Rs. 3.27 lakhs any my CIBIL is 783.

    Reply
    1. Siddharth Post author

      Do some txns for them to enable the CC offer automatically. If its new a/c, yes you need to wait for 6 months to get the card based on txn.
      You can also get based on ITR.

      Reply
  2. Kapil Khurana

    Well Sid, there is one more cashback debit card in your kitty. The IndusInd signature one. You earn Rs. 1500 on spending Rs. 62,500; which is equivalent to 2.4%. You can get this every month (18k benefit annually)

    The condition is that 62,500 or more needs to be spent in one single transaction as they have tiered reward structure.

    And now the best part – you don’t even need to do this spending to earn Rs. 1500 every month. Just pay your any credit card bill using Indus net banking, and choose to pay using your debit card instead of bank account on Indus banking page. Done!

    IndusInd bank will treat payment as spends on its debit card and will offer you reward points.

    Reply
    1. Siddharth Post author

      Yes, i’m availing this every month for about an year.
      But never know it can be used for credit card bill pay. Anyways i don’t have Indusind CC. Will look into this though.
      Thanks for the info 🙂

      Reply
      1. Kapil Khurana

        You don’t need IndusInd cc necessarily. Any cc bill (hdfc / stanC/ kotak etc) paid using indusnet, will do good. BillDesk facilitates this. Once you are asked to login to Indus net banking, make sure you pay using the debit card instead of bank account.

        Reply
        1. Siddharth Post author

          That’s pretty much awesome trick then!
          Will be useful for many. Will make a separate article on that sometime 🙂

          Reply
          1. Abhishek Roy

            I don’t know if it will work. IndusInd specifically mentions that such transactions by debit card under the netbanking section won’t qualify for IndusMoney Points. Can anyone confirm this?

          2. Rohit

            This does not work on indusind debit card. Although the bill pay banner says it will be treated as a debit card spend, sadly it does not qualify to get reward points 🙁

  3. Captain Bishuddha Bharatiya

    I was thinking of adding money from this card to paytm and than from paytm to bank. I have to do this in multiples of Rs. 5 thousand. Hope it will be considered as online transaction. So I will get cashback in March right ?
    I can also add my family members to my Priority account and they will also get priority debit card for free. I can get cashback from their accounts also.

    Reply
    1. Siddharth Post author

      Yes, technically you will get. Yes, you can add family members as well and get cards for them too.

      Reply
    2. Mouli

      Hi,
      Have you got the cashback for using it in Paytm ?

      Reply
    3. sathish

      Hi Captain,

      When you are retrieving the money from paytm to bank, are you axis priority account to deposit the money, else I think paytm might charge of 2% of txn amount

      Reply
      1. Captain Bishuddha Bharatiya

        You can load money into payzapp and than you can transfer it to any bank account instantly. This way an AXIS bank priority account holder can easily qualify for online spends and can get 10% cashback quaterly.

        Reply
  4. Naraju

    Can any one suggest Best Debit card or Credit card which offers maximum rewards and I should be able to convert that rewards into Cash directly and maintain less minimum balance in case of savings account like up to 50k average balance. Like similar to HDFC debit card (I am using it right now) which offers 1% cashback irrespective of type of transaction.

    Thanks for your valuable information.

    Reply
  5. Harmeet Gulati

    Hi Sid, I just came across to your website and I am loving it.

    Just to analyse this offer further, Axis Bank wants you to maintain 2 lac rupees AQB which means that you will be only getting a 4% ROI on the 2 lac locked account. If I compare it to tax free ROI in the market, we are losing 3-4% as an opportunity cost. This equals anywhere between 1500 to 2000 INR per quarter. So, net net, I am only saving 500 to 1000 rupees from this deal per quarter.

    Now the question is that is it worth maintaining a new account for 2000 to 4000 / year?

    Reply
    1. Siddharth Post author

      Its not for you if you have this perspective, yes you’re right, you can get better returns on other investments 🙂

      Reply
  6. thomas

    Terms & Conditions

    please note that in terms and cond.. it says no rewards for debit under netbanking, please elaborate how if we pay cc bills using debit card we can get rewards

    The below Terms & Conditions will need to be applicable for the rewards payout

    Transactions made on merchant categories – Mutual Funds, insurance and payment to government will not earn these additional Indus Money points.
    These points will be capped to a maximum per month limit of 2000 points for Platinum Cards and 3000 points for Signature Cards.
    All other IndusMoney Terms and conditions of Platinum Card apply.
    Transactions done via Debit Card under the NetBanking section will not be eligible for IndusMoney points.

    Reply
    1. Kapil Khurana

      Yes you are right Thomas. Debit card used for payment via net banking didn’t give me the points. It was actually a parallel transaction which did.

      Sorry for the confusion.

      Thanks for clarifying.

      Reply
      1. Anil

        what were those parallel transations? If you can throw some light

        Reply
        1. Kapil Khurana

          @Anil – it was Muthoot gold loan repayment using debit card.

          Just wondering most of the app based banks allow native account funding via debit cards of other banks. Is that funding treated as transaction, and gets reward points/cashbacks? Can someone testify a use case?

          Reply
    2. Anil

      how soon we come to whether we earned points or not on particular transactons on Indusind debit card?
      can we track points on netbanking?

      Reply
      1. Kapil Khurana

        Usually it takes 3-4 working days from the transaction date to credit the points. Once credited, you can immediately request redemption which takes another 2-3 days to reflect as money credit. So total lead time is typically a week.

        Reply
  7. urluck

    This Priority debit card from Axis bank also allows you a free domestic airport Longue access every quarter.

    Reply
    1. Siddharth Post author

      Most HDFC debit cards has it, like Easyshop Platinum

      Reply
  8. Vinay

    I am thinking of shifting my salary account to Axis as ICICI is not providing any great benefits. Can priority banking or debit card be provided to salary account holders?

    Also, can you send me the link for IndusInd debit card which gives INR 1500 cashback per month. I have IndusInd account, just need to request for the debit card.

    Reply
    1. Balaji

      Yes , you can get axis priority debit card for salary account. I have one.

      Reply
  9. Ankit Malhotra

    Is this Visa or MasterCard. Visa has drastically reduced lounges compared to MasterCard.

    Reply
      1. Arvind

        Thank you. There are multiple priority holders in my family but I only learned of this from to your blog. Unfortunately the RMs seems to be only interested in selling MFs/Insurance and never seems to pass on any useful info.

        Please continue the good work.

        Reply
  10. Ankit Malhotra

    I logged into my NetBanking and despite using the card to top up my PayTM/Amazon for INR 20000, seemingly the offer has not been applied. I guess I will have to go through their useless customer care.

    Reply
      1. Rohit

        Oh okay, thanks Siddharth. Last quarter when I used this trick the qualifying spends were recorded in a day. This quarter it’s been more than 1 week so was wondering what happened to my free money 🙂

        Reply
  11. Mouli

    Siddarth,

    Thanks for the article

    If I add money in any mobile wallet through the debit card, will that also be considered for the cashback ?
    If I add money for Mutual fund purchase through the debit card, will that also be considered for the cashback ?

    Thanks,
    Mouli

    Reply
      1. Anil

        mutual funds?? Are you sure??

        And what about Indusind Debit card >> how soon we come to whether we earned points or not on particular transactons on Indusind debit card?
        can we track points on netbanking?

        Reply
        1. Siddharth Post author

          Highly depends on which payment gateway/mode you use to pay.
          yes, you can track the points.

          Reply
  12. Mouli

    Siddarth,

    Is it in one transaction we need to do more than 20000 or multiple transaction adding to 20000

    Reply
      1. Mouli

        Siddharth,

        I got the 2500 cashback.I am holding this card for 2 years but was not aware of this offer
        Thanks for your information.your portal is really helpful .Keep up the good work
        They mentioned this offer is valid till Sep 2017.From when this offer is active.
        If I open Family account and use family members debit card , are they also eligible for this cashback ?

        Thanks,
        Mouli

        Reply
        1. Siddharth Post author

          Yes, should be on all cards. No idea from when its active.

          Reply
  13. Anil

    I filled form for axis priority account & Executive told AQB non maintenance won’t attract any penal charges.
    1. Will this impact 2500 Cashback accrual also?
    2. Does mutual fund transactions qualify for axis cashback?

    Ps: HDFC has put conditions for 1% Cashback, now only on specified transactions & merchants

    Reply
  14. thomas

    aqb non maintainance will not attract any penal charge but they have written in small print that account may be shifted to simple savings and if shifted by them , card fees will be billed.

    Reply
  15. Captain Bishuddha Bharatiya

    It looks like the party is over. From 23rd July 2017 I cannot see this cashback offer in net banking. Has anyone noted it ? Anyways I have made more than Rs. 50,000 so far and all thanks to Siddharth. Thanks buddy.

    Reply
    1. Siddharth Post author

      50k? Wow! great Man. Its my pleasure.
      Yes, it seems to be down now.

      Reply
      1. Captain Bishuddha Bharatiya

        I made a mistake. It will not be July but June.
        I have four Priority accounts and they gave cashback lots of time in a quarter. Infact I got cashback 4 times in the month of June alone. I think its a mistake from their end.
        Has anyone got multiple cashback in the same month ?

        Reply
        1. Adi. H

          Seems like the box is gone. I called Axis Bank and they said offer is still active.

          But I cannot see the box anymore.

          Can anyone of you confirm with your Relationship Manager about it?

          P.S.: My relationship manager is on vacation.

          Reply
    2. Mouli

      Now they are taking it back. I got mail from Axis as I have claimed the 2500 cashback twice in last quarter because of bug in their software. Now they have found it and mailed me .Not sure how they are going to adjust the extra cashback that they gave

      Reply
  16. Adi. H

    Hey. I am not seeing this offer anymore in my Priority Internet Banking. Can you see that still?

    Reply
    1. Sambhav Sharma

      I don’t see it either anymore.. It’s a shame if they took it off without any notice and before the month ends.

      Reply
    2. Sandy

      Even I am not seeing the same from last Friday onwards. Maybe offer stopped.

      Reply
      1. Adi. H

        Axis Bank is clearly can’t keep up their offers. Again, Rs. 500+Tax Card from ICICI Bank (talking about Coral Card) is more beneficial as compared to Axis Bank’s 2 Lac + Average Monthly Balance Account.

        Clearly, Axis Bank is loosing the battle in providing better deals to customer for the value they provide.

        2500 Was a good offer.

        Reply
  17. Captain Bishuddha Bharatiya

    This offer is gone from last 5 days . I last used it on 22nd June. Very sad to see its over now.

    Reply
  18. Adi. H

    Hi Siddharth, Can you confirm if the 2500 Rs cashback offer is still there or gone?/

    Thanks

    Reply
    1. Sandy

      The offer is still on but there is some bug in the system hence it is down for maintainance . This is the official update given by the RM desk.

      Reply
      1. Adi. H.

        How can we claim the cashback? Please let me know.
        Even if I use it, How do I know or where I shall claim the reward? As the option is not coming in the dashboard or anywhere.

        Reply
  19. thomas

    Do u think we can continue spending and hope that it will be calculated and added when the offer comes back online

    Reply
    1. Siddharth Post author

      I’ve no idea as Axis Customer support too is clueless on this.

      Reply
  20. thomas

    hope in sight. logged in to axis netbanking a message came priority offer estimated to be back on 15 august

    Reply
  21. Rohit

    I checked Axis internet banking and it says that 10% cashback offer redemption is temporarily out of service and is expected to be functional by 15th August.

    Reply
  22. KUMAR

    NOW IT SAYS 10% BACK BY 15 AUG. THE LINK WILL BE BACK AFTER 15 AUG

    Reply
  23. narendra

    everytime i use to redeem 1000 points for 200rs recharge.So its 1000:200 which means actually u have to get 2720 rupess but they have given only 2500.
    i think its better to redeem as prepaid recharges time to time to get more value/.

    Reply
  24. Sagar

    If I am unable to maintain the balance of Rs 2 lakh in this account and thus if my account gets downgraded, will I still be able to retain the Priority debit card? Will I still continue to earn the cashback on the same? What are the charges levied for the Priority Debit Card for such downgraded savings account ( from Priority Account)?

    Reply
  25. Anil

    June Statement emailer had mention :
    Travel in comfort with Complimentary Access to over 28 Airport Lounges across India*
    Make your movie going experience special, with a 25% discount on movies booked on BookMyShow*
    Enjoy a 15% discount across our partner restaurants when you celebrate*
    Your online spends is more rewarding with a 10% cashback,* and much more

    July statement says :
    Make sure to upgrade your Debit Card to the Priority Platinum Debit Card through Internet Banking or Mobile Banking, to enjoy
    Complimentary Airport Lounge Access*
    25% Discounts on movies*
    Minimum 15% Discount across our partner restaurants* and more

    So no mention of that offer though link shared in email is same & do mention about 10% in PDF but that’s dated
    So looks this quarter onwards no points earning, only redemption for last quarter may open on 15th August

    Reply
  26. Mouli

    Hi,

    Still the link is not enabled, though its mentioned that link will be up by August 15th
    Anyone got the cashback ?

    Reply
  27. Captain Bishuddha Bharatiya

    Ho Siddharth it has been a long time since you opened a priority ac. with AXIS Bank. Have you applied for a credit card yet ? Have you got automatic offer ?
    My priority account is also in its sixth month and I have not got any automatic offer to apply for credit card. What to do ?

    Reply
    1. Siddharth Post author

      They’re issuing Privilege card for free to priority A/c Holders since past 2 months. You don’t need t wait, just apply with IT docs.

      Reply
  28. Mouli

    Checked with the customer care, they said the redemption link will be enabled by this month end only !

    Reply
  29. Captain Bishuddha Bharatiya

    I opened my account on 24th Feb. 2017 and the branch credit card guy applied my credit card ( through ITR ) on March. Though he was 100% sure of my card approval but my card was denied.
    Now it has been only 5 months when I last applied. So do you think I should apply again right now throgh ITR ( 4.01 lakhs annual income ) or should I wait for automatic offer to trigger just to be on the safe. My sole purpose of opening the priority account was to get a credit card. I am very nevous now but I trust your judgement 100 %. What do you suggest ?

    Reply
    1. Siddharth Post author

      6 Months cooling period is good. Rejected for privilege or some other card? They might expect high ITR.

      Reply
  30. Captain Bishuddha Bharatiya

    I don’t recall the name but it was surely not Privilege card. Infact it was a basic card. I am still waiting for you answer . Should I wait for automatic offer or should I apply through ITR after 6 months of cooling period ?

    Reply
    1. Siddharth Post author

      Hard to answer in single line.
      CIBIL
      Active A/c’s
      utilization %
      Secured loan mix
      Too many parameters there.

      But 4L ITR on basic card afer 6 months cooling period is good to go.

      Reply
  31. Adi. H

    Hey Siddarth, How to apply for the Privilege Card?

    I click on the Apply Now Button and it open contact form.

    How did you apply?

    Thanks

    Reply
  32. Mouli

    Now they updated like 10% cashback redemption will be up only by September 30th. Pathetic Service by Axis Bank

    Reply
    1. Siddharth Post author

      I noticed too. looks like Axis backend team is not so good at solving a simple glitch.

      Reply
  33. Adi. H.

    Hey. Are you receiving transaction alerts in your email box (specifically email) for Axis Bank Savings Account?

    Thanks

    Reply
    1. Mouli

      I am not seeing any update on this still the same error message . Temporarily out of service and Estimated to be back by September 3oth

      Reply
      1. Vinay Singal

        Where you can see this option? I am not able see this on the app.

        Reply
  34. Captain Bishuddha Bharatiya

    This offer is back. Now wallet transactions are excluded from transaction.

    Reply
    1. RKS

      How does one claim redemption for the April-June quarter?
      Redemptions are supposed to be claimed within the following quarter (i.e. July-September), but the redemption widget was not available for a single day during July-September!
      Amazing!!

      Reply
      1. Mouli

        Its there in the bottom of the window with small fonts saying previous quarter or last quarter. Click that link and you can redeem for the previous quarter. It worked for me

        Reply
        1. RKS

          Previous quarter is July-September 2017.
          I am asking about the April-June quarter, which could not be claimed within the July-September quarter because the widget was not working at all for even one day from about 23rd June to 24th October.
          Customer Service replied that a SMS was sent to all eligible users last week, but I did not get it. They haven’t responded after that. Anyone get the message?

          Reply
  35. Thomas

    lets please post all included/excluded transactions. as of now I got bookmyshow and uber as eligible for cashback

    Reply
    1. balaji

      Luckily amazon pay wallet loading is considered as online shopping and getting counted.

      Reply
  36. Thomas

    Hi i got an sms saying i am eligible for cashback april- june quarter. It mentioned 2 options sms back cashback or redeem points, will update if cashback falls in account. fingers crossed.

    Reply
    1. balaji

      I too got the same message on nov 1. Till now the cashback is not credited. I have escalated it and today they say, I will get that in 5 working days.

      Reply
    2. balaji

      I have got the Apr-Jun i.e.,Q1 cashback yesterday. They didn’t consider wallet fillings in this .

      Reply
    3. RKS

      Finally got the cashback for April-June quarter!
      Wallet transactions on Mobikwik were excluded, though amount was not large so it didn’t matter.
      Had no Paytm transactions during the period.

      Reply
  37. Mohit

    So basically you need to spend Rs.25,000 online in a span of 4 months to avail a maximum cashback of Rs. 2500, considering 4 quarters in a year, that’s about Rs.10,000 in savings just for using a DEBIT card.

    Sir it should be
    So basically you need to spend Rs.25,000 online in a span of 3 months instead of 4 months

    Reply

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