Flipkart Axis Bank Credit Card: 7.5% cashback on Myntra, 5% on Flipkart, 15% dining discounts, and no lounge access post-June 2025. Compare its rewards with peers. Ideal for Flipkart shoppers seeking savings! Learn more at Axis Bank or Flipkart.
The Flipkart Axis Bank Credit Card, a co-branded offering from Axis Bank and Flipkart, is tailored for online shoppers, particularly those loyal to Flipkart and its partner merchants. Launched in July 2019, this entry-level card provides unlimited cashback on transactions, credited directly to the cardholder’s statement, making it a hassle-free option for frequent e-commerce users. With additional perks like airport lounge access and dining discounts, it appeals to young professionals and urban consumers. Below is a detailed overview of its features, rewards, benefits, fees, charges, pros, and cons, based on the latest information from Axis Bank, Flipkart, and other reliable sources.
Overview
The Flipkart Axis Bank Credit Card is a cashback-focused credit card operating on the Visa or Mastercard platform, designed for seamless online and offline purchases. It offers accelerated cashback on Flipkart, Cleartrip, and preferred partner merchants like Swiggy, Uber, and PVR, alongside modest rewards on other spends. The card supports contactless payments for transactions up to ₹5,000 without a PIN, EMI conversion for purchases above ₹2,500, and UPI-linked payments. It’s ideal for Flipkart enthusiasts but also caters to lifestyle spends like dining and travel. The card requires a nominal joining fee and is available to Indian residents with stable incomes, subject to Axis Bank’s approval.
Eligibility Criteria
- Age: 18–70 years for primary cardholders.
- Nationality: Indian resident or non-resident Indian.
- Income: Minimum monthly income of ₹25,000 (salaried) or annual ITR of ₹4,00,000 (self-employed).
- Credit Score: A CIBIL score of 700+ is recommended.
- Documents: PAN card, Aadhaar card, address proof (e.g., utility bill, passport), income proof (salary slips, bank statements, or ITR), and a recent photograph.
- Note: Axis Bank reserves the right to approve or reject applications based on internal criteria.
Application Process
- Visit the Axis Bank website (www.axisbank.com), Flipkart app/website (www.flipkart.com), or authorized partners like Paisabazaar.
- Navigate to “Credit Cards” and select “Flipkart Axis Bank Credit Card.”
- Click “Apply Now,” fill out the online form, and upload KYC documents.
- Complete video KYC or in-person verification.
- Track application status via Axis Bank’s portal or customer care (1860-419-5555 or 1860-500-5555). Card delivery takes 7–10 business days post-approval.
Rewards and Benefits
The card offers unlimited cashback credited directly to the cardholder’s statement three days before the next billing cycle, with no redemption fees or expiry. A minimum transaction of ₹100 is required for cashback eligibility. Key rewards and benefits include:
- Cashback Rewards:
- 5% Cashback on Flipkart and Cleartrip: Unlimited cashback on all Flipkart (excluding Flipkart Health) and Cleartrip transactions, including flights and hotels.
- 4% Cashback on Preferred Merchants: Applies to Swiggy, Uber, PVR, Cure.fit, and select partners (previously included Tata Play and Myntra, now at 1% since February 2024 and earlier devaluations).
- 1% Cashback on Other Spends: Covers all eligible online and offline transactions, reduced from 1.5% post-devaluation.
- Exclusions: No cashback on fuel, gift card purchases (Flipkart, Myntra), EMI transactions, post-facto EMI conversions, wallet loads, jewelry, gold, cash advances, rent payments, insurance, utilities, education, government services, or card fees/outstanding balances.
- Tracking: Cashback details are available in the monthly statement, Flipkart app (“My Accounts” > “Flipkart Axis Bank Credit Card”), or order summary (“Reward Summary”).
- Welcome and Activation Benefits:
- ₹500 Flipkart voucher on the first transaction within 30 days.
- ₹600 worth of activation benefits, including discounts on Swiggy and other partners (subject to terms). Total welcome benefits up to ₹1,100.
- Airport Lounge Access:
- 4 complimentary domestic lounge visits per year at select airports, subject to ₹50,000 minimum spend in the previous 3 months. No international lounge access.
- Fuel Surcharge Waiver:
- 1% waiver on fuel transactions between ₹400 and ₹4,000 at any fuel station in India, capped at ₹400 per statement cycle.
- Dining Discounts:
- Up to 15% off (capped at ₹500) at over 10,000 partner restaurants via Axis Bank’s Dining Delights program with EazyDiner.
- Travel Discounts:
- Up to 15% off on flights and hotels via Goibibo and MakeMyTrip.
- Flat 10% discount (up to ₹1,000) on Tira purchases.
- EMI Conversion:
- Convert purchases above ₹2,500 into EMIs via phone banking (1800-103-5577). EMI cancellations require contacting Axis Bank to avoid excess cashback reversals.
- Swiggy Offers:
- 50% instant discount (up to ₹100) on the first Swiggy order with code “AXISFKNEW.”
- 30% instant discount (up to ₹150) on Swiggy orders (minimum ₹200) monthly.
- Contactless Payments:
- NFC-enabled for tap-to-pay transactions, ensuring speed and security at PoS terminals.
Fees and Charges
The card has a low fee structure with a spend-based waiver, but additional charges apply for specific transactions. Key fees and charges include:
- Joining Fee: ₹500 + GST.
- Annual/Renewal Fee: ₹500 + GST, waived if annual spends exceed ₹3,50,000 in the previous year (previously ₹2,00,000).
- Finance Charges: 3.6% per month (52.86% APR).
- Cash Advance Fee: 2.5% of the withdrawn amount (minimum ₹500).
- Foreign Currency Markup Fee: 3.5% + GST (approximately 4.13%).
- Late Payment Charges:
- ₹0 for dues up to ₹300.
- ₹100 for dues between ₹301 and ₹500.
- ₹500 for dues between ₹501 and ₹1,000.
- ₹750 for dues between ₹1,001 and ₹10,000.
- ₹900 for dues between ₹10,001 and ₹25,000.
- ₹1,000 for dues between ₹25,001 and ₹50,000.
- ₹1,200 for dues above ₹50,000.
- Overlimit Penalty: 2.5% of the over-limit amount (minimum ₹500).
- Cheque Return/Auto-Debit Reversal Fee: 2% of the amount (minimum ₹450, maximum ₹1,500).
- Cash Payment Fee: ₹100 per payment at Axis Bank branches/ATMs.
- Card Replacement Fee: ₹100–₹250.
- Other Charges: GST (18%) applies on all fees and charges as per government regulations.
Pros
- High Cashback on Flipkart/Cleartrip: 5% unlimited cashback on Flipkart and Cleartrip is among the highest for e-commerce, ideal for frequent shoppers.
- Direct Statement Credit: Cashback is credited automatically to the statement, simplifying rewards compared to Amazon Pay ICICI’s wallet-based system.
- No Cashback Cap: Unlimited earning potential on Flipkart, Cleartrip, and partner merchants maximizes savings for high spenders.
- Lounge Access: 4 complimentary domestic lounge visits per year (with ₹50,000 quarterly spend) is rare for an entry-level card.
- Welcome Benefits: Up to ₹1,100 in vouchers and discounts (Flipkart, Swiggy) recover the joining fee.
- Dining and Travel Perks: 15% off at restaurants and discounts on Goibibo/MakeMyTrip enhance lifestyle benefits.
- Low Joining Fee: ₹500 is affordable, with a ₹3,50,000 spend-based annual fee waiver achievable for moderate spenders.
- Occasional LTF Offers: Lifetime-free (LTF) promotions are sometimes available, increasing value.
- Versatile Use: Accepted globally for online/offline purchases and ATM withdrawals, with UPI compatibility.
Cons
- Devalued Cashback: Reduced from 1.5% to 1% on non-preferred spends and Myntra (previously 5%), limiting rewards for offline or diverse spenders.
- High Fee Waiver Threshold: ₹3,50,000 annual spend for fee waiver (up from ₹2,00,000) is steep for an entry-level card.
- Cashback Exclusions: No rewards on fuel, EMI, rent, insurance, utilities, gift cards, or government services restrict earning potential.
- No International Lounge Access: Domestic-only lounge access is less appealing for international travelers.
- Customer Service Issues: Users report inconsistent cashback crediting (e.g., Flipkart purchases marked as “other debits” at 1%) and unresponsive support.
- High Interest Rates: 52.86% APR and 2.5% cash advance fee make carrying balances or cash withdrawals costly.
- Limited Partner Merchants: 4% cashback is restricted to select brands, reducing flexibility compared to SBI Cashback (5% on all online spends).
- Spend-Based Lounge Access: ₹50,000 quarterly spend requirement for lounge access may be challenging for low spenders.
- Reported Transparency Issues: Some users cite unclear cashback terms and denied rewards, impacting trust in Axis Bank’s processes.
Comparison of the Flipkart Axis Bank Credit Card with its Peers
Below is a comparison table of the Flipkart Axis Bank Credit Card with its peers in the entry-level, cashback-oriented credit card segment in India, tailored for online shoppers and millennials. The peers selected are Amazon Pay ICICI Bank Credit Card, HDFC Bank Millennia Credit Card, and SBI SimplyCLICK Credit Card, as they are popular co-branded or lifestyle cards competing in the same category. The table compares key features such as fees, rewards, benefits, and eligibility to help you choose the best card for your needs. The data incorporates recent updates, including changes to the Flipkart Axis Bank Credit Card.
| Feature | Flipkart Axis Bank Credit Card | Amazon Pay ICICI Bank Credit Card | HDFC Bank Millennia Credit Card | SBI SimplyCLICK Credit Card |
| Annual Fee | ₹500 + GST (waived on spending ₹3.5 lakh annually) | Lifetime Free (No joining or annual fee) | ₹1,000 + GST (waived on spending ₹1,00,000 annually) | ₹499 + GST (waived on spending ₹1,00,000 annually) |
| Welcome Benefits | ₹600 worth benefits: ₹500 Flipkart voucher on first transaction within 30 days; 50% off (up to ₹100) on first Swiggy order (code AXISFKNEW) | 3-month Amazon Prime membership; Up to ₹2,000 cashback on select categories (e.g., recharges, bills) | ₹1,000 gift voucher on spending ₹30,000 within 90 days | ₹500 Amazon voucher on spending ₹5,000 within 90 days |
| Reward Points/Cashback | 7.5% cashback on Myntra, 5% on Flipkart, Cleartrip (₹4,000/quarter cap each); 4% on preferred partners (Swiggy, Uber, PVR, cult.fit); 1% on other spends | 5% cashback on Amazon.in (Prime members); 3% (non-Prime); 2% on Amazon Pay partners; 1% on other spends; No cap | 5% cashback on Amazon, Flipkart, BigBasket, Swiggy; 1% on other spends; Points expire after 2 years | 10X points on Amazon, BookMyShow; 5X on other online spends; 1X on offline; Points expire after 2 years |
| Reward Redemption | Cashback credited to statement; 1 point = ₹1; No expiry mentioned | Cashback as Amazon Pay balance (1 point = ₹1); Auto-credited within 2 days of billing cycle; 3-year expiry | 1 CashPoint = ₹1 (statement credit), ₹0.30 (flights/hotels), ₹0.25 (products); ₹50 + GST for cash, ₹99 + GST for others | 1 RP = ₹0.25; Redeem via SBI Card portal or app |
| Travel Benefits | No lounge access from June 20, 2025 | None | 8 domestic lounge visits/year (max 2/quarter, on ₹1,00,000 quarterly spend) | None |
| Fuel Surcharge Waiver | 1% waiver (up to ₹400/month) on transactions between ₹400–₹4,000 | 1% waiver (up to ₹400/month) on transactions between ₹400–₹4,000 | 1% waiver (up to ₹250/month) on transactions between ₹400–₹5,000 | 1% waiver (up to ₹100/month) on transactions between ₹500–₹3,000 |
| Movie/Dining Discounts | 15% off (up to ₹500) at 10,000+ restaurants via Axis Bank Dining Delights | 15% off at 2,500+ restaurants via ICICI Culinary Treats (min ₹1,500 bill) | 5% cashback on Swiggy; Up to 20% off at partner restaurants via Swiggy Dineout | 10X points on BookMyShow; No specific dining offers |
| Interest Rate (APR) | 52.86% p.a. (3.6% per month) | 42% p.a. (3.5% per month) | 43.2% p.a. (3.6% per month) | 42% p.a. (3.5% per month) |
| Cash Withdrawal | 2.5% fee (min ₹500) + 3.6% monthly interest from transaction date | 2.5% fee (min ₹300) + 3.5% monthly interest from transaction date | 2.5% fee (min ₹500) + 3.6% monthly interest from transaction date | 2.5% fee (min ₹500) + 3.5% monthly interest from transaction date |
| Other Benefits | 15% off on Goibibo, MakeMyTrip, Tira; EMI conversion for spends > ₹2,500 | 1-month EazyDiner membership; Contactless payments; No rewards on fuel, EMI, or select digital purchases | ₹1,000 gift vouchers on ₹1,00,000 quarterly spends; Zero lost card liability | ₹2,000 voucher on ₹1,00,000 annual online spends |
| Eligibility | Min. income: ₹25,000/month; Age: 18–70; Good credit score (750+) | Min. income: ₹25,000/month (ICICI customers), ₹35,000 (others); Age: 21–60; Good credit score | Min. income: ₹35,000/month (salaried); Age: 21–60; Good credit score | Min. income: ₹20,000/month; Age: 21–60; Good credit score |
| Foreign Currency Markup Fee | 3.5% + GST | 3.5% + GST | 2% + GST | 3.5% + GST |
Final Thought
The Flipkart Axis Bank Credit Card is a compelling option for frequent Flipkart and Cleartrip shoppers, offering 5% unlimited cashback and direct statement credits that simplify rewards. Its lounge access, dining discounts, and welcome benefits add value for lifestyle-focused users, while the ₹500 joining fee is offset by vouchers. However, recent devaluations (1% on non-preferred spends, Myntra at 1%), a high ₹3,50,000 fee waiver threshold, and multiple cashback exclusions limit its appeal for offline or diverse spenders. Compared to competitors like the Amazon Pay ICICI Bank Credit Card (lifetime-free, 5% on Amazon for Prime members) or SBI Cashback Credit Card (5% on all online spends), it’s less versatile but excels for Flipkart loyalists. To maximize benefits, focus on Flipkart, Cleartrip, and partner merchant spends, aim for ₹3,50,000 annual spends for fee waivers, and set autopay to avoid high interest (52.86% APR). Verify terms on the Axis Bank (www.axisbank.com) or Flipkart (www.flipkart.com) websites and contact customer care (1860-419-5555) for queries.
With over 15 years of experience in Banking, investment banking, personal finance, or financial planning, Dkush has a knack for breaking down complex financial concepts into actionable, easy-to-understand advice. A MBA finance and a lifelong learner, Dkush is committed to helping readers achieve financial independence through smart budgeting, investing, and wealth-building strategies, Follow Dailyfinancial.in for practical tips and a roadmap to financial success!
