Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card – Key Highlights

Flipkart Axis Bank Credit Card Cashback

• 5% cashback on Flipkart.
• 4% cashback on preferred partners, including Swiggy, Uber, PVR and cult.fit.
• 1.5% cashback on all other online and offline spends.
• Spends on Flipkart Smart Store (‘Bills and Recharges’ section) will earn you a cashback of 1.5% only (same as applicable to all other transactions).

Exclusions on Cashback

There is no cashback on the following categories –

• Fuel spends
• Rental payments
• Insurance, utilities, and education payments
• Gift card purchases on Flipkart, Myntra, 2Gud.com
• Purchases converted to EMI
• Wallet uploads
• Purchase of gold items
• Cash advances
• Payment of the card’s outstanding balance and payment of card fees and other charges

Flipkart Axis Bank Credit Card Features and Benefits

Welcome Benefits

• Welcome benefit worth Rs. 1,100 on the issuance of the card.
• Rs. 500 worth Flipkart vouchers.
• 15% cashback (up to Rs. 500) on your first purchase using this card on Myntra.
• 50% discount on your first purchase for new to Swiggy (maximum discount capped at Rs. 100).

Dining Movie Benefits

• Dining benefit under the Axis Bank’s dining Delights program that gives you up to 20% off on dining bills at partner restaurants.
• Accelerated cashback (4%) on PVR tickets.

Travel Benefits

• 4 lounge access every year at select airports within India.
• You don’t get any international lounge access with this card.
• Accelerated cashback (4%) on Uber rides.

Fuel Surcharge Waiver

• Get 1% fuel surcharge waived at all fuel stations across India for transactions between Rs. 400 and Rs. 4,000.
• Maximum waiver for this card is Rs. 400 per month.
• You don’t earn any cashback on fuel purchases.

Axis Bank Flipkart Updated Terms and Conditions to Come in Effect from 12th August 2023

Axis Bank has announced the following updates and changes to the terms and conditions of the Axis Bank Flipkart credit card that will come into effect from 12th August 2023 –

Changes in the Cashback earned on Myntra and on hotel and flight payments on Flipkart

All spends made on Myntra, and on flight and hotel payments on Flipkart are eligible for unlimited 1.5% cashback.

Government services payments excluded from Cashback Eligibility

• All spends made towards government services are not eligible for cashback
• Cashback is not eligible on purchase of Myntra and Flipkart gift cards, fuel spends, purchases converted to EMI later, EMI transactions, wallet reloads, cash withdrawals, jewelry purchase, rent payments, utilities, insurance services, educational services, payment of card fees and other charges

Updated Eligibility Conditions for the Annual Fee Waiver

• The annual fee of the card will be waived off on spends of Rs. 3.5 Lakhs or more in the year.
• Wallet reloads and rental payments are not considered towards counting the annual fee waiver.
• The annual fee waiver clause is not applicable on cardholders who got the credit card lifetime free

Axis Bank Flipkart Credit Card Fees and Charges

• Annual Fee: Flipkart Axis Credit Card changes an annual membership fee of Rs. 500 per annum which is waived off on annual spends of Rs. 2 lacs or more in the previous year (the card is being offered as a lifetime free credit card till 31st March 2022).
• Interest Rate: The interest rate applicable on the Axis Bank Flipkart Credit Card is 3.6% per month or 52.86% annually.
• Cash Advance Fee: A cash withdrawal fee of 2.5% of the transacted amount (or a minimum fee of Rs. 500) is charged on cash withdrawals using Flipkart Axis Credit Card.
• Foreign Currency Mark-up: A forex mark-up fee of 3.5% of the transaction amount is applicable on all foreign currency transactions made with Axis Bank Flipkart Credit Card.
• Card Replacement Fee: No card replacement fee is charged for issuing a fresh credit card in case you have misplaced/lost your existing Axis Flipkart Credit Card.

Credit Limit of Flipkart Axis Bank Card

The credit limit of a credit card is different for every cardholder depending upon their credit score and income. If an applicant has a good credit score, their credit limit is usually two to three times their monthly income. Since Axis Bank Flipkart Credit Card is an entry-level card offered by the bank, the base credit limit of the card is Rs. 25,000 and can go up to Rs. 5 lacs.

Advantages of Flipkart Axis Bank Credit Card

• High Reward Rate on Flipkart/Myntra and other Partner Merchants: Flipkart Axis Bank Credit Card offers a very good reward rate of 5% on all spends on the e-commerce website Flipkart. Apart from Flipkart, you also get a good reward rate of 4% on spends at partner merchants, including popular names like Swiggy, Uber, PVR and cult.fit.
• Decent Reward Rate on other Partner Merchants: This Credit Card also offers a decent (at least not very low) reward rate of 1.5% on all other purchases with the card, which is higher than what most other credit cards in the entry-level segment offer.
• Unlimited Cashback: Another advantage of the Flipkart Axis Bank Credit Card is that the card rewards you with cashback which is directly adjusted against the card’s statement balance every month. Also, there is no upper limit on the amount of cashback that can be earned on the Flipkart Axis Bank Credit Card in a given month.
• Airport Lounge Access: Most basic or low annual fee credit cards do not offer free airport lounge access to the cardholders, however, you do get 4 complimentary domestic airport lounge access with Axis Bank Flipkart Credit Card.

Drawbacks of Flipkart Axis Bank Credit Card

• Not a Great Credit Card for Offline Shopping: Flipkart Axis Bank Credit Card is definitely one of the best credit cards as far as online shopping is concerned, particularly if you prefer Flipkart for most of your purchases. You also get a cashback of 4% on online food delivery via Swiggy and on Uber rides. However, if you are someone who loves shopping offline at shopping malls or other small retail stores, Flipkart Axis Card might not be the best pick for you as you get a cashback of just 1.5% on offline spends.
• No Insurance Cover: Flipkart Axis Bank Credit Card does not offer any insurance benefits like air accident cover or cover against loss/delay of luggage.

Who Should Apply for Flipkart Axis Bank Credit Card?

Based on the advantages and drawbacks of the Axis Bank Flipkart Credit Card-

You should apply for Flipkart Axis Bank Credit Card if-

• You are someone who regularly shops online and prefers Flipkart over Amazon for most purchases.
• You use Swiggy for ordering food and Uber for hailing a taxicab or renting a car.
• 4 lounge access per annum at domestic airports are enough for you.

You should consider a better option if-

• You prefer Amazon (or any other e-commerce website) over Flipkart for online shopping. If Amazon is the e-commerce portal of your preference, you should rather go for Amazon Pay ICICI Bank Credit Card.
• You are more of an offline shopper- Flipkart Axis Bank Credit Card although offers a high reward rate of 5% or 4% at select online merchants, the reward rate applicable on all offline transactions is just 1.5%.
• 4 airport lounge access per annum are not enough for you or you want a credit card with railway lounge access.
• You want a credit card that offers complimentary insurance benefits to the cardholder.

Credit Cards Similar to Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card, as you know is an online shopping credit card best suited for online shoppers who rely on Flipkart and Myntra for their online shopping needs. There are many other credit cards currently available in the market that offer a higher reward rate on spends at a particular online merchant. Some of such credit cards that offer a neck-to-neck competition the Axis Bank Flipkart Credit Card include the Amazon Pay ICICI Bank Credit Card and Paytm HDFC Bank Credit Card. The following table gives a pointwise comparison between the Flipkart Axis Bank Credit Card, Amazon Pay ICICI Credit Card and Paytm HDFC Credit Card-

Flipkart Axis Bank Credit Card Eligibility Criteria

How to Apply for Flipkart Axis Bank Credit Card

You can apply for the Flipkart Axis Bank Credit Card online. All you have to do is-

• Click on the Apply Now button on the top of the page
• Under the Explore Products menu, click on Cards
• Click on Credit Cards and choose Explore More
• Click on Flipkart Axis Bank Credit Card and then click Apply Now
• Enter all the necessary details and upload all the documents required to submit the application.

Documents Required

In order for your application to be processed, you will need to submit a few documents including-

• An identity proof (Aadhar card, Voter card, PAN card, etc.).
• An address proof (Aadhar card, Voter card, driving license, utility bills, etc.).
• A proof of income (salary slips or an audited ITR acknowledgment).

How to Check Axis Bank Flipkart Credit Card Application Status?

Once you have applied for the Axis Bank Flipkart Credit Card, the bank usually takes 10 to 15 days to process your application. To track your credit application anytime post submission of the application along with the required documents-

• Visit Axis Bank’s credit cards application tracking page.
• You can track your credit card application either using your Application ID or with your mobile number/PAN.
• Select your desired method of application tracking, enter the captcha and click/tap on Submit.
• You will now be able to view the status of your credit card application on the page that opens.

Axis Bank Flipkart Credit Card Login/Internet Banking

You can take full control of your Flipkart Axis Credit Card by registering your card for internet banking. To register your new Flipkart Axis Card or to login to your existing account-

• Visit Axis Bank’s internet banking portal.
• If you are already an Axis Bank customer simply log in with your credentials.
• If you are not an existing Axis Bank customer, select First time user? Register option.
• Register for Axis Bank internet banking with your Flipkart Axis Bank Credit Card.

Flipkart Axis Bank Credit Card PIN Generation

You can generate your Flipkart Axis Bank Credit Card’s PIN online via internet banking or through Axis Bank’s mobile app. Alternatively, you can also dial Axis Bank’s customer care number or generate the PIN at any of Axis Bank’s ATMs.

Axis Bank Flipkart Credit Card Customer Care

Axis Bank has great customer services for its credit card customers. If you have an Axis Bank Card and you need any assistance regarding it, or to report the loss of your card, you can dial Axis Bank’s customer care numbers- 18605005555/18604195555. These numbers are available 24×7.

If you want to block your Flipkart Axis Bank Credit Card, you can easily do it yourself by sending an SMS- BLOCK <your 16-digit credit card number> to 5676782 even without dialing the bank’s customer care number.

Flipkart Axis Bank Credit Card Review

The Axis Bank Flipkart credit card gives you very good returns if you love to shop online, and Flipkart is the e-commerce platform of your choice. Apart from Flipkart, you also get fairly good rewards (4%) with preferred merchants, including popular names like Swiggy, Uber and PVR. Despite being an entry-level card, it offers 4 complimentary domestic lounge access and dining benefits under the Axis Bank’s Dining Delights program.

The only competitor of this card in the market is the Amazon Pay ICICI Bank credit card, which has a zero membership fee but offers fewer additional benefits. Now, if you’re a digital shopaholic, you can not go wrong with either of the two. You can even sign up for both, or if you have to choose between the two, you must evaluate your needs- whether you need complimentary lounge visits and how important the additional cashback benefit you get with other merchants is.

Before you make a choice, you should have comprehensive information about the benefits each of the two cards offers. 

What do you think of this co-branded credit card? Which one would you pick between the two? Please let us know in the comments below.