Axis Bank has already collaborated significantly with Flipkart and its subsidiaries. The Flipkart Axis Credit Card is considered one of the best cashback credit cards in the country. Recently, Axis Bank also partnered with Flipkart’s super.money to introduce the Axis SuperMoney RuPay Credit Card. Now, Axis Bank has launched another unique debit card offering in partnership with Flipkart.
Axis and Flipkart have introduced a new co-branded debit card, the first of its kind for an e-commerce giant. This debit card offers 5% cash back, similar to the benefits provided by its co-branded credit card.
Features of Flipkart Axis Debit Card
The all-new Flipkart Axis Debit Card is exclusively available to new and existing customers of the Axis Advantage Savings Account.
- Earn up to ₹750 cashback on Flipkart spends (minimum spend of ₹3,500 in a calendar month). Cashback will be credited within 90 days from the last day of the month in which the purchase was made. The cashback will be deposited into the customer’s Axis Bank Savings Account.
- Enjoy a 15% discount at over 10,000 partner restaurants in India. You can receive a discount of up to ₹500 per month.
- This debit card comes with a joining and annual charge of ₹500.
- There is no airport lounge access offered with this debit card.
- The transaction limits are higher, with a daily cash withdrawal limit of ₹50,000 and a daily purchase limit of ₹5,00,000.
- The insurance coverage offered includes Personal Accident Insurance with a coverage amount of ₹5,00,000, Air Accident Cover of ₹1,00,00,000, and Purchase Protection Cover of up to ₹50,000.
No Cashback shall be provided for the following transactions.
- Utility Services
- Fuel
- Jewellery
- Insurance Services/ Financial Institutions
- Charities
- Rental Payments
- Wallet Load Transactions
- Educational Services
- Government Services
- Transport
- Cash Withdrawals
Bottom Line
The new Flipkart Axis Debit Card is a must-have for those with the Axis Advantage Savings Account. Although it is worth mentioning that the Flipkart Axis Bank Credit Card is far more rewarding, those who prefer debit cards over credit should opt for this card, as they can receive up to ₹750 cashback each month on their Flipkart purchases.
It is also worth mentioning that the cashback feature of this card will only be available after making spends of ₹3,500 per month.
2 comments
Abhishek Chatterjee
They also launched Axis bank Flipkart Cobranded UPI, which is offering 5% cashback
Just like a debit card is payment network/payment mode,
Similarly, UPI is also payment network/payment mode.
Debit card is being highlighted as the “Co-branded Axis Flipkart DC”
But the co-branded partnership is not limited to the debit card network/payment mode — there is a co-branded partnership on the UPI network/payment mode as well.
That’s exactly why 5% cashback is also being offered on the UPI payment mode.
Still not getting it?
Okay, think of it like this — if UPI existed in a physical card form, what would you call it then?
Answer – “Axis Bank has launched Flipkart Cobranded UPI Card, offering 5% cashback on Flipkart purchases” or what would be the title of this article? – ‘Axis Bank Launches All-New Flipkart Axis UPI Card – Up to 5% Cashback’
You would use that wording, right?
Just because UPI doesn’t exist in a physical form, the mind is struggling to process that this is also an “Axis Bank Flipkart Co-branded UPI” partnership, which is offering a 5% cashback. 😀😀
Last thing, you don’t even need this debit card to avail the 5% cashback offer. You can get the full 5% cashback offer even by using UPI.
Kartik Kanwar
Nice