This is a good card for those who use Flipkart extensively for shopping as it gives you unlimited cashback of 5% on every Flipkart purchase. This credit card is a co-branded card jointly issued by Flipkart and Axis Bank.
Card type: Cashback
Key Features:
- 5% Unlimited Cashback: You get 5% cashback on all categories when you shop online from Flipkart and Myntra.
- 4% Cashback: You get 4% cashback on partner brands including MakeMyTrip, Goibibo, Uber, PVR, and Curefit.
- 1.5% Cashback: You get 1.5% cashback on all platforms except Partner Brands.
- No Cost EMI: You can buy any item from Flipkart or any other platform in easy installments.
- Welcome Offer: You are given a Flipkart voucher worth Rs 500. first transaction When you complete.
- Complimentary Lounge Access: You get the benefit of a complimentary domestic airport lounge 4 times a year and once every 3 months.
- Fuel Surcharge Waiver: You get the benefit of a 1% fuel surcharge on petrol purchases ranging from Rs 400 to Rs 4000 in a month.
Additional Points:
- Cashback Accumulation and Redemption: Cashback earned is credited to your card statement and can be redeemed automatically for statement adjustments.
- No Reward Caps: There are no limitations on the amount of cashback you can earn on Flipkart, Myntra, and 2Gud purchases. However, a maximum cashback of Rs. 2,500 per month applies to partner merchants and other categories.
- Reward Points Expiry: The cashback earned remains valid for three years from the date it is credited to your statement.
Eligibility:
- Minimum age: 18 years for Flipkart Axis Bank Credit Card
- Indian resident with a valid PAN card
- Good credit score (typically above 750)
How to Apply:
- Apply online through the Flipkart website or the Axis Bank website.
- You have to submit all your required documents like PAN Card, Aadhar Card, and Income Proof.
- Await verification and approval from Axis Bank.
Fees:
- Late Payment Fee: Up to Rs. 1,000 or 2.5% of the outstanding amount.
- Annual Interest Rate: 13.99% – 24.99%
- Foreign Currency Markup: 3.50%.
- Balance Transfer Fee: 2.5% of the amount transferred (minimum Rs. 500).
- Cash Advance Fee: Rs. 250 or 2.5% of the amount withdrawn, whichever is higher.
- Joining Fee: 499+Applicable Taxex
- Renewal Fee
- Rs. 499 (If you spend more than Rs 350000 in the last year then your annual expenses will be waived off.)
Pros and Cons:
Pros
- High cashback rates: You get 5% cashback on Flipkart and Myntra purchases, and 4% cashback on partner merchants like Swiggy, Uber, and PVR.
- No upper limit on cashback: The more you spend on Flipkart and Myntra, the more cashback you will get.
- Relatively low annual fee: Your annual fee is waived if you spend Rs 3,50,000 in a year.
Cons
- Low cashback on non-partner purchases: Apart from partner brands, you get 1.5% cashback on all other brands.
- No cashback on fuel and wallets: You do not get any rewards for adding money to your wallet and purchasing fuel.
- Limited lounge access: The benefit of complimentary airport lounge access is available only in certain metro cities.
- Not ideal for offline shopping: This card is a good card for those who do online shopping on Flipkart.
Please Read Our other credit card reviews
Conclusion:
If you do a lot of shopping on Flipkart then this card is a good option for you because it provides you 5% cashback on Flipkart shopping.
Disclaimer
We have collected all the information about this card through the Internet and the Axis Bank website. If there is any change in the card fees, rewards, or anything else then Credbanking will not take any responsibility for this.
