Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card is among the most popular shopping credit cards in India. Here are the features and benefits of this card:

Welcome Benefits

Flipkart Axis Bank Credit Card has a very generous welcome package amounting to a total of Rs. 2,900. Against the joining fee of Rs. 500, this stands as a great value back for the user. The welcome/activation benefit includes:

• Flipkart vouchers worth Rs. 500 on making the first transaction within 30 days
• 15-month subscription for Gaana.com at just Rs. 399 (otherwise available for Rs. 1,299)
• Rs. 500 off on domestic hotel booking through Goibibo
• Rs. 500 off on domestic hotel booking through MakeMyTrip
• 15% cashback on Myntra up to Rs. 500

Other similar cards such as ICICI Amazon Pay Credit Card and Paytm SBI Card come with welcome benefits but not as generous as the Flipkart card.

Suggested Read: Best Credit Cards for Online Shopping

Cashback

Flipkart Axis Bank Credit Card offers cashback in the following manner:

The flat cashback rate on Flipkart is quite generous as compared to other cards in the market. Also, unlike Amazon Pay ICICI Card where cashback is credited in the form of Amazon Pay Balance, the Flipkart card has kept it simple with a direct statement credit model. Whatever cashback you earn will be directly credited to your credit card account thus taking away the hassle of reward/cashback conversion.

An Illustration to understand cashback earning on the Flipkart Credit Card

Let us assume that you spend Rs.50,000 in a billing cycle. The break-up of his spending is as follows:

• Flipkart: Rs.10,000
• MakeMyTrip: Rs.5,000
• Other spends: Rs.35,000 (including an EMI of Rs.10,000)

Since EMI transactions are ineligible for cashback, the EMI transaction worth Rs.10,000 will be excluded in cashback calculation. To view other transactions that are ineligible for cashback, click here.

Total spendings eligible for cashback: Rs.10,000 + Rs.5,000 + Rs.25,000 = Rs.40,000

Now, cashback calculation for the same billing cycle would be:

• 5% of Rs.10,000 (Flipkart) = Rs.500
• 4% of Rs.5,000 (MakeMyTrip) = Rs.200
• 2% of Rs.25,000 = Rs.375

Total cashback credit to the customer’s credit card = Rs. 1,075

Other Benefits

Apart from the cashback and co-branded welcome benefits, you can also avail the following benefits on Flipkart Axis Bank Credit Card:

• 4 complimentary domestic lounge visits every year (valid till 31st March)
• 1% fuel surcharge waiver for transactions worth Rs. 400 to Rs. 4,000 (maximum waiver of Rs. 500 in a month)
• Up to 20% discount at 4,000+ partner restaurants including KFC, TGIF, Berco’s, etc.

Flipkart Axis Bank Credit Card is among the many co-branded cards launched with e-commerce platforms, over the last 2-3 years. Let us see how this card stands against two other popular cards:

Flipkart Axis Bank Credit Card is best suited to the needs of those who often shop online, especially with Flipkart, Myntra and other partner merchants. So, if you are loyal to these websites, you must get the card. However, if you are not sure whether you will be able to make the most of its benefits, here are a few points to help you make a choice:

• Flipkart, much like Amazon, deals in a wide range of items from large appliances and gadgets to books, apparel and groceries and on all of these you will get 5% cashback
• Myntra is quite a popular platform for the fashion needs of men, women and children, which again offers 5% cashback
• For travel, you have two options- MakeMyTrip and Goibibo, both in the 4% cashback slab
• Miscellaneous needs like movies (PVR), cabs(Uber) and health (cure.fit) etc. are also covered under the 4% cashback slab
• You will not get any cashback on fuel transactions and there is no fuel benefit apart from general fuel surcharge waiver

Since Flipkart Axis Bank Credit Card is an entry-level card, the minimum income requirement is likely to range between Rs. 25,000 and Rs. 35,000. However, you will get to know the actual income criteria at the time of application. The age bracket is 18 to 70 years.

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In addition to this, you are also required to submit documents such as identity proof, address proof and income proof. Any of the following documents can be accepted-

Axis Bank Flipkart Credit Card is not available on Paisabazaar’s Platform. If you wish to apply for this card, you can send an online application through Axis Bank’s website or by visiting the nearest Axis Bank branch. Click here to locate a branch near you.

Flipkart often partners with SBI to provide exclusive offers to Flipkart customers on the popular categories. You can find SBI card offers on Flipkart easily at Flipkart’s official website or app.

Also if you feel like Flipkart Axis Card does not satisfy your needs, you can have a look at- SBI SimplyClick Credit Card.

*Offers updated from time to time

Will I get cashback on fuel transactions?

No, fuel transactions are not eligible for the cashback. Here are some more transaction types which are not eligible for the cashback:

• Purchase of gift cards on Flipkart, Myntra, 2Gud.com
• EMI transactions
• Purchases converted to EMI post facto
• Wallet loading transactions
• Purchase of gold items
• Cash advances
• Payment of outstanding balances
• Payment of card fees and other card charges

Do I get any reward points on Axis Bank Flipkart Credit Card?

No. The card offers direct cashback for all transactions. The accumulated cashback will be directly credited in the statement.

Where can I avail the fuel surcharge waiver?

You can avail the fuel surcharge waiver at any petrol pump across India. The maximum waiver amount, however, has been capped at Rs. 500 per month. Also, the fuel transaction must be between Rs. 400 to Rs. 4,000. An amount above or below it will not be eligible for surcharge waiver.

What is foreign exchange markup fee?

Every time you make payment in a foreign currency, a foreign exchange markup fee is charged on the amount. For Flipkart Axis Bank Credit Cards, this rate is 3.50%. 

Can I withdraw cash from an ATM using this credit card?

Yes. You can withdraw cash up to the cash limit provided to you. However, a cash withdrawal fee will be charged at the rate of 2.5% of the amount withdrawn or Rs. 500, whichever is higher.

How long will it take for my application to be processed?

After you have applied for the card and submitted all the necessary documents, it may take up to 21 working days for the bank to issue the card to you.