Flipkart Axis Bank Credit Card

Overview

The Flipkart Axis Bank Credit Card is one of the most widely issued cashback cards in India, and it is easy to see why. For anyone who shops on Flipkart and Myntra with any regularity, it turns routine online spending into a steady stream of cashback, all for a modest ₹500 fee. New cards are now issued on the Visa network, and cashback is credited directly to the card, so there are no points to track or convert.

Rewards and earning

The headline rate is 5% cashback on Flipkart, along with 7.5% on Myntra and 5% on Cleartrip travel bookings. Do note that each of these three accelerated categories is capped at ₹4,000 of cashback per statement quarter, so the top rate is not unlimited. A set of preferred merchants, including Swiggy food delivery, Uber, PVR and cult.fit, earns 4% cashback with no cap, and everything else earns a flat 1%. Cashback is credited to the card automatically, so there is nothing to redeem. Several categories are left out entirely, including rent, wallet loads, fuel, utilities, telecom, insurance and jewellery, so the real world return depends on how much of your spending sits inside the Flipkart group.

Fees

The joining fee is ₹500 plus GST and the annual fee is the same ₹500 plus GST, waived if you spend ₹3.5 lakh or more in a year (rent and wallet loads do not count towards that figure). New cardholders on the fee-bearing card get a ₹250 Flipkart voucher on their first transaction within 30 days, plus a Swiggy welcome offer of 50% off up to ₹100 on the first order. The forex markup is 3.5%, so this is not the card to carry abroad, and finance charges run up to about 3.75% per month (roughly 55.55% per year) if you revolve a balance.

Eligibility

Axis Bank issues the card to salaried and self-employed Indian residents, typically aged 18 to 70, with a steady income and a healthy credit score (750 and above helps). Existing Axis and Flipkart customers are frequently pre-approved, and approved applicants can usually start transacting quickly once the card is issued.

Who it is for

This is a near-default pick for online shoppers whose spending leans towards Flipkart and Myntra. The 4% on Swiggy and Uber adds up for people living in the metros, though the ₹4,000 per quarter cap on Flipkart, Myntra and Cleartrip means very heavy shoppers will top out on the accelerated rate. It works best as the dedicated shopping card in a two-card setup, leaving utility bills and other categories to a card like the Axis ACE.

Verdict

For its price, the Flipkart Axis Bank Credit Card remains one of the best value cashback cards in the country. The rewards are meaningful only if you actually shop within the Flipkart group, the accelerated categories now carry a quarterly cap, and the 1% base rate is ordinary, so treat it as a specialist rather than an all-rounder. If Flipkart and Myntra are where your money goes, this card still earns its place in your wallet.