Flipkart Axis Bank Credit Card Review (2025 Update) – Features, Benefits & Changes

The Flipkart Axis Bank Credit Card has been one of the most popular co-branded shopping cards in India, especially for those who shop frequently on Flipkart, Myntra, and Cleartrip. Recently, however, the card underwent some major changes effective 20th June 2025, including the removal of unlimited cashback and lounge benefits. Let’s break down the details, updates, and whether this card is still worth keeping.

Limited Period Offer – First Year Free

Currently, the Flipkart Axis Bank Credit Card is available First Year Free under a limited-time offer. This means you won’t pay the joining fee in the first year if you apply during this offer period.

Recent Updates (Effective 20th June 2025)

Here are the most important changes you must know:

• ❌ Unlimited 5% Cashback removed – Now quarterly cashback limits are introduced.

• Myntra Cashback – Increased to 7.5% (from 1%), capped at ₹4,000/quarter.

• Flipkart & Cleartrip Cashback – Remains at 5%, capped at ₹4,000 per merchant per quarter.

• Cashback Crediting – Cashback will now be credited 3 days before your next statement date.

• ❌ Lounge Access removed – Earlier 4 free domestic visits per year were available.

• Welcome Voucher Reduced – ₹250 voucher (down from ₹500) for cards issued after June 20, 2025.

1. Welcome & Activation Benefits

When you activate the Flipkart Axis Bank Credit Card, you unlock ₹350 worth of welcome benefits:

• ₹250 Flipkart voucher (only for paid cards with joining fee; first-year-free cards are not eligible)

• ₹100 Swiggy credit (50% off up to ₹100 for first-time Swiggy users; available for all cards)

2. Cashback Benefits

The biggest attraction of this card is the cashback structure, though it has now been capped.

• 7.5% Cashback on Myntra spends, capped at ₹4,000/quarter

• 5% Cashback on Flipkart & Cleartrip, capped at ₹4,000 per quarter per merchant

• 4% Unlimited Cashback on Preferred Merchants:

  • Cult.Fit

  • PVR

  • Swiggy

  • Uber

• 1% Unlimited Cashback on all other eligible categories

• Cashback directly reflects in your credit card statement

Axis Credit Card Apply Link - Click Here

3. ⛽ Fuel Surcharge Waiver

• 1% waiver on fuel surcharge at all Indian fuel stations

• Valid for transactions between ₹400 – ₹4,000

• Max waiver of ₹400 per statement cycle

• Note: No cashback on fuel spends, and GST on surcharge is non-refundable

4. Dining Delights

• Get 15% off (up to ₹500) at 10,000+ partner restaurants

• Available via Axis Bank’s Dining Delights program on EasyDiner

5. Fees & Charges

6. Exclusions – No Cashback / Fee Waiver

The Flipkart Axis Bank Credit Card does not offer cashback on the following:

• Utilities & Telecom

• Education & Rent Payments

• Wallet Loads & Govt Services

• Insurance & Fuel Transactions

• Gold/Jewellery Purchases & Financial Services

• Cash Advances & Loan Repayments

For annual fee waiver, Rent & Wallet loads are also excluded.

✅ Final Verdict

The Flipkart Axis Bank Credit Card was once a true game-changer with unlimited cashback, but the June 2025 changes have restricted its value.

• If you shop frequently on Flipkart, Myntra, and Cleartrip, the capped cashback can still save you good money.

• However, the removal of unlimited cashback and lounge benefits is a major setback.

• For high spenders, the annual fee waiver condition of ₹3.5 lakh spends may feel steep.

Overall, it’s still a decent shopping credit card for Flipkart/Myntra loyalists, but no longer as rewarding for general usage as it once was.