Flipkart Axis Bank Credit Card: 7.5% Cashback, Fees & Benefits

The Flipkart Axis Bank Credit Card is a cashback credit card designed for people who regularly shop on Flipkart and Myntra. It also offers cashback on Cleartrip and selected preferred merchants.

The card currently offers 7.5% cashback on eligible Myntra spends, 5% cashback on Flipkart and Cleartrip, 4% cashback on eligible preferred merchants, and 1% cashback on other eligible categories. Cashback is credited directly to the credit-card statement, subject to applicable terms and limits.

Axis Bank currently shows a ₹0 joining fee under a limited-period offer. From the second year, the annual fee is ₹500, which can be waived when eligible annual spending exceeds ₹3.5 lakh.

Flipkart Axis Bank Credit Card Highlights

Cashback caps, exclusions and other terms apply.

7.5% Cashback on Myntra

The biggest attraction of the card is the 7.5% cashback on eligible Myntra purchases.

For example, a ₹10,000 eligible Myntra purchase can earn ₹750 cashback. A ₹20,000 purchase can earn ₹1,500 cashback.

However, Myntra cashback is currently capped at ₹4,000 per statement quarter. Therefore, the 7.5% rate should not be considered unlimited.

This benefit can be particularly useful for customers who regularly purchase clothing, footwear, accessories and other products from Myntra.

5% Cashback on Flipkart

Eligible Flipkart transactions earn 5% cashback, subject to a maximum cashback of ₹4,000 per statement quarter.

For example:

• ₹5,000 spend = ₹250 cashback
• ₹10,000 spend = ₹500 cashback
• ₹20,000 spend = ₹1,000 cashback

For frequent Flipkart shoppers, this can provide useful savings on electronics, smartphones, appliances, fashion and other eligible purchases.

5% Cashback on Cleartrip

The card also offers 5% cashback on eligible Cleartrip spending.

This can be useful for customers who regularly book flights, hotels and other eligible travel services through Cleartrip.

The cashback is subject to the applicable quarterly limit and transaction terms.

4% Cashback on Preferred Merchants

Eligible spending at Axis Bank's Preferred Merchants can earn 4% cashback.

The participating merchants can change, so customers should check the latest list before calculating their expected cashback.

This benefit can add considerable value when a large portion of your regular spending falls within the eligible merchant category.

1% Cashback on Other Eligible Spending

The card also provides 1% cashback on other eligible transactions.

However, cashback does not apply to every type of transaction. Current Axis Bank terms exclude several categories, including certain utility, telecom, fuel, insurance, financial, rental, wallet-load, education and government transactions.

Therefore, it is important to check the latest cashback terms before estimating your total annual rewards.

Fees and Annual Fee Waiver

Axis Bank currently lists a ₹0 joining fee under a limited-period offer.

From the second year, the annual fee is ₹500. This fee can be waived when eligible annual spending exceeds ₹3.5 lakh.

Rent and wallet-load transactions do not count towards the annual spending requirement for the fee waiver.

A first-year-free or ₹0 joining-fee offer should not be confused with a lifetime-free credit card.

Welcome and Other Benefits

The card currently offers ₹350 worth of activation benefits, subject to the applicable conditions.

Axis Bank also lists a ₹250 Flipkart voucher for eligible cardholders who make their first transaction within 30 days of card issuance. However, this voucher is not available on First Year-Free cards.

The card also provides access to selected Wednesday Delight offers, including discounts on participating travel, food and lifestyle merchants.

Fuel Surcharge Waiver

Cardholders can receive a 1% fuel surcharge waiver on eligible fuel transactions. The current benefit applies to eligible transactions between ₹400 and ₹4,000, with a maximum benefit of ₹400 per statement cycle. Fuel transactions do not earn cashback under the card's cashback program.

Eligibility

Axis Bank currently lists the basic eligibility requirements as:

• Applicant should be between 18 and 70 years old
• Applicant should be a resident of India

Approval is subject to Axis Bank's internal eligibility and credit assessment.

Applicants may be asked to provide documents such as PAN/Form 60, income proof and address proof.

Who Should Get This Card?

The Flipkart Axis Bank Credit Card may be a good option if you:

• Frequently shop on Flipkart
• Regularly purchase products from Myntra
• Use Cleartrip for travel bookings
• Spend with eligible Preferred Merchants
• Pay your credit-card bill in full every month

It may be less suitable if most of your spending falls into excluded categories or you rarely use Flipkart and Myntra.

RatingOK Expert Verdict

The Flipkart Axis Bank Credit Card is primarily a cashback card for regular Flipkart and Myntra users.

Its 7.5% Myntra cashback and 5% Flipkart cashback are the biggest attractions, while Cleartrip and Preferred Merchant benefits make the card useful beyond shopping.

However, cashback caps and excluded transactions should be considered before applying. The ₹500 second-year annual fee is also important if you do not expect to spend enough to qualify for the fee waiver.

RatingOK Verdict: A good cashback credit card for frequent Flipkart and Myntra shoppers who pay their bills on time and can make enough eligible spending to justify keeping the card.

Bottom Line

The Flipkart Axis Bank Credit Card can offer strong value when your regular spending matches its higher cashback categories. With 7.5% cashback on eligible Myntra spends, 5% on Flipkart and Cleartrip, and 4% on Preferred Merchants, it is particularly attractive to frequent online shoppers.

Before applying, check the latest cashback caps, exclusions, joining-fee offer and second-year annual fee on the official Axis Bank website.