diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0a61996..2605f0a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,12 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [unreleased]
 
+## [5.0.1] - 2024-05-24
+
+### Fixes
+
+- Fix a possible refresh loop in the axios interceptor
+
 ## [5.0.0] - 2024-05-08
 
 ### Breaking changes
diff --git a/lib/build/axios.js b/lib/build/axios.js
index 599cee4..e7c0061 100644
--- a/lib/build/axios.js
+++ b/lib/build/axios.js
@@ -448,6 +448,7 @@ function setAuthorizationHeaderIfRequired(requestConfig) {
                 requestConfig.headers = Object.assign(Object.assign({}, requestConfig.headers), {
                     Authorization: `Bearer ${accessToken}`
                 });
+                requestConfig.__supertokensAddedAuthHeader = true;
             }
         } else {
             logDebugMessage("setAuthorizationHeaderIfRequired: token for header based auth not found");
@@ -460,7 +461,7 @@ function removeAuthHeaderIfMatchesLocalToken(config) {
         const refreshToken = yield getTokenForHeaderAuth("refresh");
         const authHeader = config.headers.Authorization || config.headers.authorization;
         if (accessToken !== undefined && refreshToken !== undefined) {
-            if (authHeader === `Bearer ${accessToken}`) {
+            if (authHeader === `Bearer ${accessToken}` || "__supertokensAddedAuthHeader" in config) {
                 // We are ignoring the Authorization header set by the user in this case, because it would cause issues
                 // If we do not ignore this, then this header would be used even if the request is being retried after a refresh, even though it contains an outdated access token.
                 // This causes an infinite refresh loop.
diff --git a/lib/build/version.d.ts b/lib/build/version.d.ts
index e434343..5cd1c3d 100644
--- a/lib/build/version.d.ts
+++ b/lib/build/version.d.ts
@@ -1,2 +1,2 @@
-export declare const package_version = "5.0.0";
+export declare const package_version = "5.0.1";
 export declare const supported_fdi: string[];
diff --git a/lib/build/version.js b/lib/build/version.js
index 390c7f9..b105ec6 100644
--- a/lib/build/version.js
+++ b/lib/build/version.js
@@ -12,5 +12,5 @@
  * License for the specific language governing permissions and limitations
  * under the License.
  */
-export const package_version = "5.0.0";
+export const package_version = "5.0.1";
 export const supported_fdi = ["1.16", "1.17", "1.18", "1.19"];
diff --git a/lib/ts/axios.ts b/lib/ts/axios.ts
index 6fa9f1f..0f8492c 100644
--- a/lib/ts/axios.ts
+++ b/lib/ts/axios.ts
@@ -498,6 +498,7 @@ async function setAuthorizationHeaderIfRequired(requestConfig: AxiosRequestConfi
                 ...requestConfig.headers,
                 Authorization: `Bearer ${accessToken}`
             };
+            (requestConfig as any).__supertokensAddedAuthHeader = true;
         }
     } else {
         logDebugMessage("setAuthorizationHeaderIfRequired: token for header based auth not found");
@@ -510,7 +511,7 @@ async function removeAuthHeaderIfMatchesLocalToken(config: AxiosRequestConfig) {
     const authHeader = config.headers!.Authorization || config.headers!.authorization;
 
     if (accessToken !== undefined && refreshToken !== undefined) {
-        if (authHeader === `Bearer ${accessToken}`) {
+        if (authHeader === `Bearer ${accessToken}` || "__supertokensAddedAuthHeader" in config) {
             // We are ignoring the Authorization header set by the user in this case, because it would cause issues
             // If we do not ignore this, then this header would be used even if the request is being retried after a refresh, even though it contains an outdated access token.
             // This causes an infinite refresh loop.
diff --git a/lib/ts/version.ts b/lib/ts/version.ts
index f23310f..4088e18 100644
--- a/lib/ts/version.ts
+++ b/lib/ts/version.ts
@@ -12,6 +12,6 @@
  * License for the specific language governing permissions and limitations
  * under the License.
  */
-export const package_version = "5.0.0";
+export const package_version = "5.0.1";
 
 export const supported_fdi = ["1.16", "1.17", "1.18", "1.19"];
diff --git a/package-lock.json b/package-lock.json
index 2d36a4a..b1cc1fd 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "supertokens-react-native",
-  "version": "5.0.0",
+  "version": "5.0.1",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "supertokens-react-native",
-      "version": "5.0.0",
+      "version": "5.0.1",
       "license": "Apache 2.0",
       "dependencies": {
         "base-64": "^1.0.0",
@@ -18970,4 +18970,4 @@
       "dev": true
     }
   }
-}
\ No newline at end of file
+}
diff --git a/package.json b/package.json
index 9d2e799..b83e979 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "supertokens-react-native",
-  "version": "5.0.0",
+  "version": "5.0.1",
   "description": "React Native SDK for SuperTokens",
   "main": "index.js",
   "scripts": {