Everything You Need to Know About the Flipkart Axis Bank Credit Card
Introduction
The Flipkart Axis Bank Credit Card is a popular co-branded credit card designed for online shoppers, particularly those who frequently shop on Flipkart, Myntra, and partner platforms like Cleartrip. Launched as a partnership between Axis Bank and Flipkart, this card offers attractive cashback rates and perks tailored for e-commerce and lifestyle spends. However, recent updates effective June 20, 2025, have introduced changes such as cashback caps and the discontinuation of lounge access, sparking some discussion among users. This blog provides a comprehensive guide to the card’s features, benefits, fees, and application process, helping you decide if it’s the right fit for you.
Key Points:
- Offers up to 7.5% cashback on Myntra and 5% on Flipkart and Cleartrip, all capped at Rs. 4,000 per statement quarter.
- Ideal for frequent online shoppers, with benefits like dining discounts and fuel waivers.
- Joining fee of Rs. 500; annual fee of Rs. 500 (waivable on high spends).
- Lounge access discontinued as of June 20, 2025, causing some user dissatisfaction.
Overview of the Flipkart Axis Bank Credit Card
The Flipkart Axis Bank Credit Card is tailored for consumers who prioritize cashback on online shopping and partner merchant transactions. It competes in the cashback credit card segment by offering high returns on Flipkart, Myntra, and Cleartrip, alongside perks like dining discounts and fuel surcharge waivers. While the recent changes have introduced some limitations, it remains a compelling choice for e-commerce enthusiasts.
Detailed Features and Benefits
As of June 20, 2025, the card’s updated features include:
Cashback Structure
- 5% Cashback on Flipkart and Cleartrip spends, capped at Rs. 4,000 per statement quarter for each merchant (previously unlimited).
- 7.5% Cashback on Myntra spends, also capped at Rs. 4,000 per statement quarter, an enhancement from the earlier 1% rate.
- 4% Cashback on preferred merchants like Swiggy, Uber, PVR, Curefit, and Tata Play, with no cap specified.
- 1% Cashback on other eligible categories, such as general online and offline purchases.
- Exclusions: No cashback on fuel, gift card purchases on Flipkart/Myntra/2Gud.com, EMI conversions, wallet uploads, gold items, cash advances, or card fees.
Other Perks
- Fuel Surcharge Waiver: 1% waiver on fuel purchases between Rs. 400 and Rs. 4,000, capped at Rs. 400 per billing cycle. GST is non-refunded, and no cashback applies.
- Dining Delights: 15% discount up to Rs. 500 at over 10,000 partner restaurants via EasyDiner.
- EMI Conversion: Purchases above Rs. 1,500 can be converted into EMIs, with cancellations possible before the first EMI debit.
- Wednesday Delight Offers: Special discounts on Wednesdays, including up to 15% off on flights and hotels via Goibibo/Makemytrip, 10% off on Swiggy and Amazon Fresh, and 10% off up to Rs. 1,000 on Tira.
- Welcome Benefits: Rs. 600 worth of benefits upon activation, including Rs. 500 Flipkart vouchers on the first transaction and a 50% discount up to Rs. 100 on the first Swiggy order (code: AXISFKNEW).
Note: Airport lounge access (4 complimentary visits per year) was discontinued as of June 20, 2025, impacting frequent travelers.
Estimated Annual Benefits
To illustrate the card’s value, consider an annual spend of Rs. 3,63,000 across various categories. Here’s the updated breakdown, factoring in recent changes:
| Category | Assumed Spend (Rs.) | Benefit (Rs.) |
|---|---|---|
| Flipkart Spends | 90,000 | 4,500 (5% cashback, subject to cap) |
| Myntra Spends | 30,000 | 2,250 (7.5% cashback, subject to cap) |
| Preferred Merchant Spends | 35,000 | 1,400 (4% cashback) |
| Other Eligible Spends | 1,80,000 | 1,800 (1% cashback) |
| Fuel Spends | 18,000 | 180 (fuel waiver) |
| Dining Spends | 40,000 | 500 cashback + 6,000 discount |
| Lounge Visits | - | 0 (discontinued) |
| Annual Fee Waiver | - | 500 (if spends > 3,50,000) |
| Total Annual Benefits | - | 16,130 |
This results in a total benefit of approximately Rs. 16,130, or about 4.4% of annual spends, adjusted for the discontinuation of lounge access and new cashback caps.
Fees and Charges
The card’s fee structure, updated as of December 20, 2024, includes:
| Fee Type | Amount (Rs.) |
|---|---|
| Joining Fee | 500 |
| Annual Fee (from 2nd year) | 500 (waived on spends > 3,50,000) |
| Add-on Card Joining/Annual Fee | Nil |
| Card Replacement Fee | Nil |
| Cash Payment Fee | 175 |
| Finance Charges | 3.75% per month (55.55% per annum) |
| Cash Withdrawal Fees | 2.5% (min. 500) of cash amount |
| Late Payment Fees | Nil (<500 1="" 500="" 750="">10,000), +100 for 2 consecutive missed MAD cycles |
| Over Limit Penalty | 2.5% (min. 500) of over limit amount |
| Cheque Return Fee | 2% (min. 500) of payment amount |
| Foreign Currency Transaction Fee | 3.5% of transaction value |
| Rent Transaction Fee | 1% |
| Dynamic Currency Conversion Markup | 1.5% |
| Transaction Fees (Education, Utility, Wallet Load, Fuel, Gaming) | 1% on cumulative spends above thresholds |
These fees are subject to applicable taxes, and users should be cautious of charges for late payments and foreign transactions. Recent updates include an increased cash payment fee (Rs. 175 from Rs. 100) and finance charges (3.75% from 3.6%).
Eligibility and Application Process
To apply, you must meet the following criteria:
- Age: 18 to 70 years.
- Residency: Resident or Non-Resident Indian.
- Documents: PAN/Form 60, proof of income, and residence proof.
The application process is paperless and can be completed online via the Axis Bank website or platforms like Paisabazaar. Upon approval, the card can be used immediately, with welcome benefits activated after the first transaction.
Comparative Analysis
Compared to other Axis Bank cards, the Flipkart Axis Bank Credit Card excels for online shoppers due to its high cashback rates on Flipkart, Myntra, and partner merchants. However, it may not suit users prioritizing travel rewards, where cards like the Axis Bank Atlas Credit Card may be better. The nominal fees and waiver options enhance its appeal, despite recent devaluations like the lounge access removal.
Conclusion
The Flipkart Axis Bank Credit Card, with updates effective June 20, 2025, remains a strong choice for frequent Flipkart, Myntra, and Cleartrip users, offering up to 7.5% cashback on Myntra and 5% on Flipkart/Cleartrip, albeit with new caps. The discontinuation of lounge access is a drawback, but dining discounts and fuel waivers add value. Review the updated fee structure and spending thresholds to maximize benefits. For more details, visit the Axis Bank website or check the terms and conditions.