Flipkart Axis Bank Credit Card- Great for Flipkart Loyalists

Flipkart Axis Bank Credit Card has a decent welcome package amounting to a total of Rs. 600. Against the joining fee of Rs. 500, this stands as a good value back for the user. The welcome/activation benefit includes:

• Flipkart voucher worth Rs. 500 on making the first transaction within 30 days from card issuance
• 50% discount up to Rs. 100 on the first transaction for new Swiggy customers using code “AXISFKNEW“

Other shopping cards such as HDFC Millennia and SBI SimplyCLICK also offer welcome benefits but unlike Flipkart Axis their welcome benefit value simply matches their joining fee. Besides, considering that the benefit is associated to everyday brands, it is more practical and useful for the users.

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

• Unlimited 5% cashback on Flipkart and Cleartrip spends
• Unlimited 4% cashback on preferred merchants (cult.fit, PVR, Swiggy, Uber)*
• Unlimited 1% cashback on transactions apart from Flipkart & preferred merchants

*These preferred partners are subject to change from time to time.

The revised flat cashback rate (post devaluation) on Flipkart is still quite decent in this fee range. Also, unlike the 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. Additionally, the unlimited cashback on preferred merchants extends the card benefits beyond shopping to other lifestyle categories, like travel, health, movies, and food delivery.

The only drawback with the cashback structure however is that, even while targeting the everyday needs of users via brands like Flipkart, the card somehow misses offering benefits on daily spends, like bill payments and wallet reloads, which the competitor Amazon ICICI covers.

Note: Cashback is not applicable on payments made towards Government services, fuel spends, purchase of gift cards on Flipkart and Myntra, EMI transactions, purchases converted to EMI post-facto, wallet loading transactions, cash advances, rental payments, purchase of jewellery, insurance services, utilities, educational services, payment of outstanding balances, payment of card fees and other card charges.

Flipkart Axis Credit Card Value Back

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

• Flipkart: Rs. 10,000
• Swiggy & PVR: 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 from cashback calculation.

Total spends 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 (Swiggy & PVR) = Rs. 200
• 1% of Rs. 25,000 = Rs. 250

Total cashback credit to the customer’s credit card = Rs. 950

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

• 1 complimentary domestic lounge visit every quarter (Max. 4 in a year) on spending min. Rs. 50,000 during the previous quarter. (In case of a newly issued card, the minimum spend criteria is waived for the month of issuance followed by the next 3 months)
• 1% fuel surcharge waiver for transactions worth Rs. 400 to Rs. 4,000 (Maximum waiver of Rs. 400 in a month)
• Up to 20% discount at 4,000+ partner restaurants

Targeting both cashback and shopping categories, Flipkart Axis Bank credit card specifically fulfills the needs of Flipkart loyalists. However, unlike most co-branded cards it offers extended benefits to other partner brands as well like Uber, PVR, Swiggy, and cult.fit. Since Cleartrip has also been added to the 5% cashback category with Flipkart, this card becomes a good choice for travel bookings too. Via these brand associations, along with the lounge access benefit, the card targets multiple all-round needs of users around shopping, travel, health and entertainment. However, it lacks significantly in offering benefits on one of the major everyday categories, utility bill payments.

As per your needs you can figure out if you will be able to maximize the card benefits. Some pros and cons of this card are: