Axis Bank’s entry-level credit card offerings are some of the best in the market. Neo, MyZone, Ace, and Flipkart Axis Bank are some great cards with their rewards and benefits. While Ace is the all-rounder cashback credit card, the Flipkart Axis Bank credit card is worth a look as well. Especially, if someone shops from Flipkart. Here is a review of the Flipkart Axis Bank credit card.
Overview
| Segment | Entry-Level |
| Type | Cashback |
| Variants | Visa and Mastercard |
| Annual Fee | Rs 500+GST |
| Cashback | 1.5% to 5% |
| Best Suited For | Shopping |
Fees and Charges
Flipkart Axis Bank credit card comes with a joining/annual fee of Rs 500 plus GST. The welcome benefits include a Flipkart GV of Rs 500 and 15% cashback up to Rs 500 on Myntra. From the 2nd year onwards, the annual fees are waived on spends of Rs 2 Lakhs.
| Joining Fee | Rs 500+GST |
| Welcome Benefit | – Rs 500 Flipkart Gift Voucher – 15% cashback up to Rs. 500 on the first Myntra transaction using this card |
| Annual Fee | Rs 500+GST |
| Annual Fee Waiver | Spend Rs 2 Lakhs in a membership year |
Cashback
Flipkart Axis Bank credit card gives rewards in the form of cashback. The earned cashback in a statement period is automatically credited to the next statement. There is no max cap on any of the cashback categories. This is in line with what Amazon Pay ICICI Bank credit card offers as well.
But, unlike the Amazon Pay card we get direct cashback over here. Cashback is always better than reward points that get added as a gift card. The 1.5% cashback on other spends make this card suitable for offline spends as well. None of the categories have an upper cap on the cashback.
| Category | Cashback |
|---|---|
| Flipkart | 5% |
| Myntra | 5% |
| Bill Payments, Travel, and Add Money | 1.5% for transacting through Smart Store – Bills and Recharges |
| Spends at Cleartrip, Swiggy, Uber, PVR, Cure.fit, and Tata Play | 4% |
| Other Spends | 1.5% |
Excluded Transactions for Cashback
Below transactions will not get any cashback on the Flipkart Axis Bank credit card:
- Fuel Spends
- Gift Card purchases on Flipkart, Myntra
- EMI transactions or purchases converted to EMI
- Wallet loading transactions
- Jewelry Purchases
- Rent Payments
Fuel Surcharge Waiver
The Flipkart Axis Bank credit card provides a 1% surcharge waiver for fuel purchases. The transaction amount needs to be between Rs 400 and Rs 4000. The maximum surcharge waiver is Rs 400 per statement.
Airport Lounge Access
Flipkart Axis Bank credit card offers 4 complimentary domestic lounge visits in India per calendar year. So, if you are an occasional domestic traveler this card can help you with lounge access. The list of participating lounges is limited to a few cities – Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune. The details are available over here.
There is no international airport lounge access on the Flipkart Axis Bank credit card.
Pros and Cons
Pros
- 5% cashback for Flipkart/Myntra purchases with no cap
- Minimum 1.5% cashback for transactions
- Airport Lounge Access in major cities
Cons
- No cashback for wallet and fuel spends
- Limited lounge access valid only for metro cities
Flipkart Axis Bank vs Amazon Pay ICICI Bank credit card
The Flipkart Axis Bank credit card is a notch above the Amazon Pay ICICI Bank credit card:
- Cashback vs Rewards – The Flipkart Axis Bank card gives cash back. This is always preferable as that is adjusted against the statement outstanding. For Amazon Pay card, it gets added to the Amazon Pay balance which needs to be used for the next purchases.
- At Least 1.5% Cashback – Flipkart Axis card gives at least 1.5% cashback compared to 1% on the Amazon Pay ICICI credit card.
- Lounge Access – Flipkart Axis card is the only one to offer complimentary lounge access.
Also, see – Flipkart Axis Bank vs Amazon Pay ICICI credit card
Final Thoughts
Flipkart Axis Bank credit card is a good option for someone who prefers direct cashback. If you use Flipkart for shopping, the 5% unlimited cashback can provide great savings. Add in the least 1.5% cashback and this can be an everyday credit card that can be used for all transactions. Axis Bank allows multiple credit cards for one account, so you can hold other Axis credit cards as well.
SBI Cashback is another alternative for getting 5% cashback on online shopping. It works everywhere including Flipkart.
Flipkart Axis Bank Credit Card
How do i know the partner restaurants that are eligible for cashbacks with this card ? If i buy something of 16k worth and convert it into EMI , merchant gives me no cost emi, will AXIS still charges me 15% interest ?
FK card now offers 1.5% cashback for EMI also
I still see the exclusion on the website at https://www.axisbank.com/docs/default-source/default-document-library/cashback-tncs—final.pdf
Did you recently receive cashback for an EMI transaction?
Hey Manas, LTF offer is over now. You can update this article.
Hey. Yes, I tweeted yesterday but did not get time to update the article. Removed reference to LTF offer from relevant articles. Thanks!
Minimum transaction amount for fuel surcharge waiver is 400₹. Please modify the article. I learnt it the hard way.
Also, GSTs are not reversed. This is a subtle T&C. You can add this too if you want.
Thanks! I have fixed it now. The Axis Flipkart card product page mentions the same as well.
Is there any clause on insurance purchase in terms of cashback from this card ?
No cashback exclusion clause for insurance transactions in the case of Flipkart Axis Bank credit card. Do check this link for the cashback T&C for the card and keep it for reference in case of any issue. Also, try to pay directly using the card instead of using any wallet gateway like Paytm/Mobikwik. Payments through wallet gateways mostly don’t get cashback as they are tagged as wallet transactions.