When it comes to online shopping in India, Flipkart and Amazon are the two platforms that dominate consumers’ carts and wishlists. To reward loyal shoppers, both marketplaces have partnered with leading banks to offer co-branded credit cards such as the Flipkart Axis Bank Credit Card, Flipkart SBI Credit Card, and the Amazon Pay ICICI Bank Credit Card.
These three cards offer cashback to their users. If you are someone who shops online regularly, a cashback credit card can be a simple way to save money on your everyday purchases. Among the many options available today, these cards are popular choices, well-suited for frequent online shoppers, and offer attractive cashback on purchases.
Though the three of them offer cashback to their users, they are quite different in terms of use. While Flipkart SBI and Flipkart Axis are beneficial for people who shop mostly from Flipkart, on the other hand, Amazon Pay is for users who constantly use Amazon and its partners.
So, which one offers better value for your spending habits? In this comparison, we’ll take a closer look at their cashback rates, fees, features, and overall benefits to help you make an informed choice.
In Terms of Fees and Welcome Benefits
When comparing cashback credit cards, fees and welcome benefits are often the first things prospective cardholders look at. While both Flipkart cards charge an annual fee of ₹500 + GST, the Amazon Pay ICICI Bank Credit Card takes the lead with its lifetime-free membership.
Not only that, when it comes to welcome benefits, the Flipkart Axis offers Flipkart vouchers that are worth up to ₹250 and a Swiggy Discount of ₹100, while Flipkart SBI offers Flipkart gift cards that are worth ₹250. However, Amazon Pay stands out in this category as well, as the card offers cashback and discounts worth up to ₹2,500, including a complimentary EazyDiner membership.
| Card | Joining Fee | Annual Fee | Welcome Benefits |
| Flipkart Axis Bank Credit Card | ₹500 + GST | ₹500 + GST | ₹250 Flipkart Voucher + ₹100 Swiggy Discount |
| Flipkart SBI Credit Card | ₹500 + GST | ₹500 + GST | Flipkart Gift Card Worth ₹250 |
| Amazon Pay ICICI Bank Credit Card | Lifetime Free | Lifetime Free | Cashback and Discount Worth Up to ₹2,500 Plus a One-Month EazyDiner Membership |
In Terms of Cashback
The cashback structure is where the real battle between the three cards begins. While the cards are for online shoppers, the value you get largely depends on where you spend the most.
The Flipkart Axis Bank Credit Card and Flipkart SBI Credit Card offer remarkably similar cashback structures, which makes both cards a good option for frequent Flipkart shoppers. Both the cards let you earn 5% cashback on eligible Flipkart purchases, 7.5% cashback on Myntra spends, and 5% cashback on Cleartrip bookings with a quarterly cashback cap of ₹4,000. However, the partner brands differ between the two cards. The Flipkart Axis Bank Credit Card offers 4% cashback on Swiggy, Uber, PVR, and cult.fit, while the Flipkart SBI Credit Card provides 4% cashback on Zomato, Uber, Netmeds, and PVR. For all other eligible online and offline transactions, both cards earn 1% cashback.
The Amazon Pay ICICI Bank Credit Card, on the other hand, is for people who constantly shop through Amazon. Amazon Prime members earn 5% cashback on purchases made through Amazon India, while non-Prime members receive 3% cashback on their orders. The card also offers 2% cashback on transactions made through Amazon Pay at over 100 partner merchants and 1% cashback on all other eligible spends.
| Cashback Category | Flipkart Axis Bank Credit Card | Flipkart SBI Credit Card | Amazon Pay ICICI Bank Credit Card |
| Platform Cashback | 5% Cashback on Flipkart Purchases, Capped at ₹4,000 Per Quarter | 5% Cashback on Flipkart Purchases, Capped at ₹4,000 Per Quarter | 5% Cashback on Amazon Purchases for Prime Members; 3% for Non-Prime Members |
| Shopping Cashback | 7.5% Cashback on Myntra Purchases, Capped at ₹4,000 Per Quarter | 7.5% Cashback on Myntra Purchases, Capped at ₹4,000 Per Quarter | N/A |
| Travel Cashback | 5% Cashback on Cleartrip Bookings, Capped at ₹4,000 Per Quarter | 5% Cashback on Cleartrip Bookings, Capped at ₹4,000 Per Quarter | N/A |
| Partner Merchant Cashback | 4% Cashback on Swiggy, Uber, PVR, and cult.fit | 4% Cashback on Zomato, Uber, Netmeds, and PVR | 2% Cashback on Amazon Pay Transactions at 100+ Partner Merchants |
| Other Spends | 1% Cashback on All Other Online and Offline Transactions | 1% Cashback on All Other Eligible Transactions | 1% Cashback on All Other Eligible Transactions |
Exclusion
Cashback is not applicable to the following categories:
| Flipkart Axis | Flipkart SBI | Amazon Pay ICICI |
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Which Card Should You Choose?
If we had to choose just one card among the three, the Amazon Pay ICICI Bank Credit Card would be the strongest overall option for most users. While the Flipkart Axis and Flipkart SBI cards offer cashback for users who constantly shop from Flipkart, they come with joining and annual fees of ₹500 + GST.
The Amazon Pay ICICI Bank Credit Card, on the other hand, is completely lifetime free. There are no joining fees, no annual fees, and no renewal charges to worry about. It also offers better welcome benefits, including cashback and discounts worth up to ₹2,500. For Amazon Prime members, the card provides 5% cashback on Amazon purchases, making it highly rewarding for regular Amazon shoppers.
What truly makes this card stand out is its simplicity. There are no complicated spending targets to justify the annual fee, and every cashback earned translates into real savings. If you are looking for a credit card that offers strong rewards, low maintenance, and long-term value, the Amazon Pay ICICI Bank Credit Card is the easiest recommendation among the three.
Though Amazon Pay offers better value in most of the categories, before applying for any card, take a moment to look at your monthly spending habits. The card that matches your shopping preference will benefit and reward you the most.