Flipkart Axis Bank Credit Card Review

Are you an avid online shopper, always on the lookout for the best deals and discounts? If so, then the Flipkart Axis Bank Credit Card might just be your perfect companion in the world of cashback rewards and exclusive benefits. As one of the top cashback credit cards in India, this co-branded card has been designed specifically for those who regularly shop online at Flipkart and Myntra, two of the country’s most popular e-commerce platforms.

Imagine earning a generous 5% cashback on every transaction you make on Flipkart and Myntra. Whether you’re purchasing the latest fashion trends, upgrading your electronic gadgets, or exploring a vast range of home essentials, this credit card ensures that you get rewarded for your shopping spree. But the perks don’t end there. The Flipkart Axis Bank Credit Card also extends its cashback benefits to other popular merchants like Swiggy, PVR, Uber, and more, giving you the freedom to earn rewards across a wide range of everyday expenses.

But it’s not just about cashback. This card offers a plethora of additional advantages tailored to enhance your overall experience. With attractive travel, dining, and fuel benefits, you can indulge in a world of savings and convenience. And for those who frequently find themselves at airports, this card offers the added luxury of complimentary access to domestic airport lounges, allowing you to relax and unwind before your journey.

Now, you might be wondering about the cost of availing these incredible perks. Well, the Flipkart Axis Bank Credit Card comes with an affordable annual fee of just Rs. 500, making it a budget-friendly option that doesn’t compromise on the rewards and benefits it offers. It’s the perfect blend of affordability and exclusivity, ensuring that you get the most out of your online shopping experiences.

But how does the Flipkart Axis Bank Credit Card compare to other popular options in the market, such as the ICICI Amazon Pay credit card? Stay tuned as we delve deeper into our comprehensive review, analyzing the features, rewards, and benefits of both cards. By the end, you’ll have all the information you need to make an informed decision and choose the credit card that best suits your lifestyle and preferences.

So, if you’re ready to unlock a world of rewards, savings, and privileges with your online shopping adventures, let’s dive into the Flipkart Axis Bank Credit Card and discover the fantastic benefits it has in store for you.

Features and Benefits

Welcome Benefits

• Upon card issuance, you will receive a welcome benefit worth Rs. 1,100, which adds value right from the start.
• Enjoy Rs. 500 worth of Flipkart vouchers to enhance your shopping experience on Flipkart, one of India’s leading e-commerce platforms.
• Make your first purchase using this card on Myntra and receive an enticing 15% cashback (up to Rs. 500), giving you instant savings on your favorite fashion and lifestyle items.
• As a bonus, new users on Swiggy can avail themselves of a 50% discount on their first purchase, with the maximum discount capped at Rs. 100.

Dining and Movie Benefits

• Indulge in delightful dining experiences with the Axis Bank’s dining Delights program, offering up to 20% off on dining bills at partner restaurants. Treat yourself to a wide range of cuisines while enjoying substantial savings.
• For movie enthusiasts, this card provides an accelerated cashback of 4% on PVR tickets. Enjoy the latest blockbusters while earning cashback on your cinematic adventures.

Travel Benefits

• Experience a touch of luxury with four complimentary lounge accesses every year at select airports within India. Relax and rejuvenate in comfortable airport lounges, away from the bustling crowds, before your flights.
• While international lounge access is not available with this card, you can still enjoy the convenience and comfort of lounges within India.
• Make your travel even more rewarding with an accelerated cashback of 4% on Uber rides, ensuring savings on your transportation expenses.

Fuel Surcharge Waiver

• Say goodbye to fuel surcharges with the Flipkart Axis Bank Credit Card. Enjoy a 1% fuel surcharge waiver at all fuel stations across India for transactions ranging between Rs. 400 and Rs. 4,000.
• With a maximum waiver of Rs. 400 per month, you can save significantly on your fuel expenses.

The Flipkart Axis Bank Credit Card offers a multitude of features and benefits designed to cater to your shopping, dining, movie, travel, and fuel needs. With welcome benefits, Flipkart vouchers, and cashback on Myntra and Swiggy, this card ensures a rewarding start. Indulge in discounted dining experiences and earn cashback on PVR tickets and Uber rides. Enjoy the convenience of complimentary airport lounge access within India and save on fuel surcharges. The Flipkart Axis Bank Credit Card is your gateway to a world of rewards and savings.

Fees and Charges of the Axis Bank Flipkart Credit Card

• Annual Fee: The Flipkart Axis Credit Card imposes an annual membership fee of Rs. 500 per annum. However, this fee is waived off if you have made annual spends of Rs. 2 lakhs or more in the previous year. It’s important to note that until 31st March 2022, the card is being offered as a lifetime free credit card, providing added value to cardholders.
• Interest Rate: The Axis Bank Flipkart Credit Card attracts an interest rate of 3.6% per month or 52.86% annually. It is crucial to manage your credit card payments responsibly to avoid incurring high interest charges.
• Cash Advance Fee: If you make a cash withdrawal using your Flipkart Axis Credit Card, a cash advance fee will be applicable. This fee amounts to 2.5% of the transacted amount or a minimum fee of Rs. 500, whichever is higher. It is advisable to limit cash withdrawals on your credit card due to the associated fees and higher interest rates for such transactions.
• Foreign Currency Mark-up: For any foreign currency transactions made using the Axis Bank Flipkart Credit Card, a forex mark-up fee of 3.5% of the transaction amount is applicable. This fee covers the conversion and processing charges incurred during international transactions. It’s important to consider this fee if you frequently use your credit card for overseas purchases.
• Card Replacement Fee: In the unfortunate event of misplacing or losing your Axis Flipkart Credit Card, the good news is that no card replacement fee is charged for issuing a fresh credit card. Axis Bank understands the need for a seamless replacement process and ensures that you can quickly resume using your credit card without any additional charges.

Understanding the fees and charges associated with the Axis Bank Flipkart Credit Card is essential for responsible card usage. By being aware of these details, you can make informed decisions and effectively manage your finances while maximizing the benefits and rewards offered by the card.

Credit Limit of Flipkart Axis Bank Card

• The credit limit of the Flipkart Axis Bank Credit Card is determined based on the individual cardholder’s credit score and income.
• For applicants with a good credit score, the credit limit is typically set at around two to three times their monthly income.
• As an entry-level card provided by Axis Bank, the base credit limit for the Flipkart Axis Bank Credit Card is set at Rs. 25,000.
• However, depending on the applicant’s creditworthiness and financial profile, the credit limit can be extended up to Rs. 5 lakhs.

Advantages of Flipkart Axis Bank Credit Card

• High Reward Rate on Flipkart/Myntra and other Partner Merchants: The Flipkart Axis Bank Credit Card stands out with its impressive 5% reward rate on all purchases made on the Flipkart and Myntra e-commerce platforms. Additionally, cardholders can enjoy a generous 4% reward rate on transactions made with partner merchants such as Swiggy, Uber, PVR, and cure.fit. This allows you to earn significant cashback on your favorite online shopping, food delivery, entertainment, and wellness services.
• Decent Reward Rate on other Partner Merchants: In addition to the attractive reward rates on Flipkart and partner merchants, this credit card offers a decent reward rate of 1.5% on all other purchases. This rate is comparatively higher than what most entry-level credit cards provide, allowing you to earn rewards on a wide range of spending categories.
• Unlimited Cashback: One of the notable advantages of the Flipkart Axis Bank Credit Card is the convenience of unlimited cashback. The cashback earned through this card is directly adjusted against the card’s statement balance every month. Moreover, there is no upper limit on the amount of cashback that can be earned within a given month, providing you with the opportunity to accumulate significant savings.
• Airport Lounge Access: While most basic or low annual fee credit cards do not offer complimentary airport lounge access, the Flipkart Axis Bank Credit Card distinguishes itself by providing four complimentary domestic airport lounge access to cardholders. This feature allows you to enjoy a moment of relaxation and comfort before your flights, enhancing your overall travel experience.

Drawbacks of Flipkart Axis Bank Credit Card

• Not Ideal for Offline Shopping: While the Flipkart Axis Bank Credit Card excels in providing benefits for online shopping, particularly on Flipkart and its partner merchants, it may not be the optimal choice for those who frequently shop offline at malls or small retail stores. The cashback rate on offline spends is limited to just 1.5%, which is comparatively lower than the rewards offered for online transactions.
• Lack of Insurance Cover: One notable drawback of the Flipkart Axis Bank Credit Card is the absence of insurance benefits. Unlike some other credit cards that provide insurance coverage such as air accident cover or protection against loss or delay of luggage, this card does not offer such insurance benefits. It’s important to consider this aspect if you prioritize having insurance coverage as part of your credit card perks.

Who Should Apply for this card?

Considering the advantages and drawbacks of the Axis Bank Flipkart Credit Card, here are some factors to help you determine if this card is suitable for you:

• You are a frequent online shopper who prefers Flipkart as your go-to e-commerce platform for most of your purchases.
• You frequently use Swiggy for ordering food and rely on Uber for taxi services or car rentals.
• Four annual airport lounge access at domestic airports meet your travel needs and preferences.
• You should consider a better alternative if:
• You prefer Amazon or other e-commerce websites over Flipkart for online shopping. In such cases, the Amazon Pay ICICI Bank Credit Card might be a more suitable choice, offering benefits aligned with your preferred online shopping platform.
• You are primarily an offline shopper. While the Flipkart Axis Bank Credit Card provides attractive reward rates for select online merchants, the reward rate for offline transactions is relatively lower at 1.5%.
• Four airport lounge access per year are insufficient for your travel requirements, or if you seek a credit card that provides railway lounge access.
• You desire a credit card with complimentary insurance benefits, such as coverage for air accidents, or protection against the loss or delay of luggage.

Eligibility Criteria

The eligibility criteria for the Flipkart Axis Bank Credit Card are as follows:

• Age: Applicants must be at least 18 years old.
• Salaried Employees: Salaried individuals must have a minimum monthly income of Rs. 15,000.
• Self-Employed Individuals: Self-employed individuals must have a minimum monthly income of Rs. 30,000.

These criteria serve as a general guideline to determine if you meet the minimum requirements for the Flipkart Axis Bank Credit Card. Meeting the eligibility criteria does not guarantee approval, as the final decision is subject to the bank’s assessment of your application and other factors.

How to Apply for Flipkart Axis Bank Credit Card?

If you are interested in applying for the Flipkart Axis Bank Credit Card, you can easily do so through the online application process. Here’s a step-by-step guide:

• Click on the Apply Now button located at the top of the page to begin the application process.
• Navigate to the Explore Products menu and select the Cards option.
• Choose Credit Cards from the available options and then select Explore More.
• Locate the Flipkart Axis Bank Credit Card and click on Apply Now to proceed.
• Provide all the necessary details as requested in the application form.
• Upload all the required documents to support your application.
• Review the information provided and ensure its accuracy before submitting the application.

Documents Required 

To ensure a smooth processing of your application for the Flipkart Axis Bank Credit Card, you will need to submit the following documents:

• Identity Proof: Submit any one of the following documents as proof of your identity: Aadhar card, Voter card, PAN card, or any other valid identification document.
• Address Proof: Provide a document that serves as proof of your residential address. Acceptable address proofs include Aadhar card, Voter card, driving license, utility bills (electricity bill, water bill, etc.), or any other document that clearly displays your address.
• Proof of Income: Include a proof of your income to support your application. This can be in the form of recent salary slips or an audited Income Tax Return (ITR) acknowledgment.

Also read:

AXIS BANK SHARE PRICE TARGET 2023, 2024, 2025 to 2030

Am I eligible for an Axis Credit Card?

How to check Axis balance| Axis Bank balance check number

Activate Axis Bank Debit Card for International Transactions

FAQs

How can I check my Flipkart Axis Bank Credit Card statement and make payments?

You can easily access your credit card statement and make payments through the Axis Bank mobile app or the net banking portal.

Can I convert my purchases into EMI with this credit card?

Yes, the Flipkart Axis Bank Credit Card offers the option to convert eligible purchases into easy monthly installments (EMIs) with attractive interest rates.

Is there a limit to the cashback that I can earn with this credit card?

No, 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.

Can I avail of any insurance benefits with this credit card?

No, the Flipkart Axis Bank Credit Card does not offer any insurance benefits such as air accident cover or coverage against loss/delay of luggage.

What is the credit limit for the Flipkart Axis Bank Credit Card?

The credit limit for the Flipkart Axis Bank Credit Card varies based on factors like your credit score and income. The base credit limit for this card is Rs. 25,000 and can go up to Rs. 5 lakhs.

Conclusion

The Flipkart Axis Bank Credit Card proves to be a lucrative choice for avid online shoppers, especially those who frequently use the Flipkart platform. With its impressive rewards on Flipkart and partner merchant purchases, such as Swiggy, Uber, and PVR, this card offers substantial value and cashback benefits. Additionally, the inclusion of complimentary domestic lounge access and dining privileges through Axis Bank’s Dining Delights program enhances the overall appeal of this credit card.

While the Amazon Pay ICICI Bank Credit Card presents itself as a formidable competitor, the Flipkart Axis Bank Credit Card outshines it with a wider range of benefits and rewards. However, the ultimate decision between the two cards depends on individual preferences and needs.

Before finalizing a choice, it is essential to thoroughly evaluate the features, benefits, and limitations of each card, considering factors like preferred e-commerce platforms and additional perks. Conducting thorough research and comparing the benefits will help potential cardholders make an informed decision.

Overall, the Flipkart Axis Bank Credit Card stands as a rewarding financial tool for online shoppers, providing a seamless shopping experience with enticing rewards and exclusive privileges.

Author: Vedanti KiranVedanti is a female finance writer, currently pursuing her studies at Hansraj College. She has a passion for writing and travelling, and her articles on the stock market, finance, investment, and cryptocurrency are well-researched and informative. With her unique perspective on the world of finance, Vedanti is a go-to source for those seeking insights into the world of finance.