Flipkart Axis Bank Credit Card: Features, Benefits, and Detailed Review

The Flipkart Axis Bank Credit Card is a co-branded offering by Axis Bank in partnership with Flipkart. Tailored for frequent online shoppers, this card provides a range of cashback offers, rewards, and other perks. Here’s a detailed breakdown of its features, benefits, and terms.

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Flipkart Axis Bank Credit Card Fee Structure

• Joining Fee: ₹500 + GST
• Annual Fee: ₹500 + GST
• Addon Card Joining/Annual Fee: NIL

Welcome Benefits

• ₹600 Worth of Benefits:
  Receive welcome benefits worth ₹600 on making transactions of at least ₹100.

• ₹500 Flipkart Voucher:

  • Make a transaction within the first 30 days of issuance to receive a ₹500 Flipkart voucher via email.
  • The voucher cannot be redeemed for cash or credit.

• 50% Discount on Swiggy:

  • Enjoy 50% instant discount (up to ₹100) on your first Swiggy order.
  • Minimum cart value of ₹129 required.
  • Use code “AXISFKNEW” during checkout in the “Apply Coupon” section.

Cashback Program

The card’s cashback system is a highlight, offering:

• 5% Unlimited Cashback on Flipkart and Cleartrip transactions.
• 4% Unlimited Cashback on selected merchants (e.g., cult.fit, PVR, Swiggy, Uber). Note: Merchant list may change over time.
• 1% Unlimited Cashback on all other transactions (excluding specific categories).

Exclusions From Cashback

Cashback is not applicable for transactions related to:

• Fuel, rent payments, insurance, utilities, and education.
• Flipkart/Myntra gift cards, gold purchases, EMI-converted spends, wallet reloads, card fees, and government services.

Additional Notes:

• Cashback applies only to transactions above ₹100.
• Cashback is adjusted monthly against the card statement balance.

Additional Features

1. Fuel Surcharge Waiver

• 1% waiver across all fuel stations in India for transactions between ₹400 to ₹4,000.
• Maximum waiver capped at ₹400 per month.
• Note: GST on fuel surcharge is non-refundable.

2. Airport Lounge Access

• 4 complimentary domestic lounge visits per year with a spend condition of ₹50,000 in the previous three calendar months.
  • Newly issued cards get an initial waiver on the spend criteria for the first four months.
  • Click here for the Lounge List.

3. Dining & Partnerships

• 20% instant discount at select restaurants via Axis Bank Dining Delights.
• Other exclusive offers and discounts through Axis Bank's partnerships.

Fee Structure

• Annual Fee: ₹500 (waived on annual spends exceeding ₹3.5 lakh).
• Rent and wallet load transactions are not counted toward the fee waiver.

Flipkart Axis Devaluation Timeline

April 2024 Changes

September 2023 Changes

Eligibility Criteria

• The primary cardholder must be at least 18 years old.
• Income and credit score requirements as per Axis Bank policies.

MCCs Excluded From Cashback:

Pros and Cons

Pros:

• High cashback on Flipkart and Cleartrip spends.
• Decent welcome benefits.
• Complimentary lounge access for frequent travelers.

Cons:

• Low cashback on non-accelerated categories.
• A long list of exclusions from the rewards program.
• High spend requirement for the annual fee waiver.

Conclusion

The Flipkart Axis Bank Credit Card is ideal for regular Flipkart shoppers who value cashback and additional benefits like lounge access and dining discounts. However, if your spending leans toward offline shopping or transactions outside Flipkart’s ecosystem, this card might not be the best fit. Keep the devaluations and exclusions in mind while evaluating its worth.