The Flipkart Axis Bank Credit Card is a co-branded credit card offered by Axis Bank in partnership with Flipkart, designed to provide users with substantial cashback and benefits, especially for purchases made on Flipkart and its partner merchants.
Flipkart Axis Bank Card Features & Benefits
The Flipkart Axis Bank Credit Card offers a range of features and benefits designed to provide value to cardholders across various spending categories. The card's features are particularly beneficial for frequent online shoppers, especially those who regularly use Flipkart and its partner services.
The unlimited cashback structure allows high-volume spenders to maximize their rewards without caps. However, it's important to note that the benefits and terms may change over time, so cardholders should regularly review the current offers and conditions to make the most of their card.
Cashback Rewards
- 5% unlimited cashback on Flipkart and Cleartrip purchases.
- 4% unlimited cashback on preferred merchants like Swiggy, Uber, PVR, and Cult.fit.
- 1% unlimited cashback on all other spends.
Welcome Benefits
- Rs. 500 worth Flipkart voucher on first transaction within 30 days of card issuance.
- 50% instant discount up to Rs. 100 on first Swiggy order (use code "AXISFKNEW").
- Rs. 250 Gift Voucher on making at least 1 transaction within first 37 days (for select card variants).
- Rs. 600 worth of activation benefits.
Travel Benefits
- Complimentary airport lounge access (4 visits per year).
- 5% cashback on Cleartrip bookings.
Other Discounts
- Up to 15% discount at partner restaurants.
- 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000.
- Flexible EMI options available for large purchases
- Annual fee of Rs. 500 waived on spends of Rs. 2 lakh or more in the previous year.
- Eligible customers may receive instant approval and a digital card for immediate use.
- Manage your account, track spends, and redeem rewards through the Axis Bank mobile app.
Flipkart Axis Bank Card Value Chart
The Flipkart Axis Bank Credit Card offers a range of benefits and rewards that can provide significant value to cardholders. The following table illustrates the potential annual benefits based on typical spending patterns.
| Category |
Annual Spends (Rs.) | Cashback/Benefits (Rs.) |
|---|---|---|
| Flipkart & Cleartrip Spends (5% cashback) | 90,000 | 4,500 |
| Preferred Merchant Spends (4% cashback) | 35,000 | 1,400 |
| Other Spends (1% cashback) | 180,000 | 1,800 |
| Fuel Surcharge Waiver | 18,000 | 180 |
| Dining Discounts | 40,000 | 6,000 |
| Welcome Benefits | - | 600 |
| Airport Lounge Access (4 visits) | - | 4,000 |
| Annual Fee Waiver | - | 500 |
| Total | 363,000 | 19,580 |
This value chart demonstrates that with annual spends of Rs. 363,000, a cardholder could potentially earn benefits worth Rs. 19,580, representing a return of approximately 5% on total spending. It's important to note that actual benefits may vary based on individual spending patterns and usage of card features.
Flipkart Axis Bank Card Fees & Charges
The Flipkart Axis Bank Credit Card comes with various fees and charges that cardholders should be aware of. Here's a breakdown of the key fees and charges associated with this credit card.
| Fee/Charge Type | Amount |
|---|---|
| Joining Fee | Rs. 500 + applicable taxes |
| Annual Fee | Rs. 500 + applicable taxes |
| Interest Rate (per month) | 3.60% |
| Cash Advance Fee | 2.5% of the amount withdrawn (minimum Rs. 500) |
| Late Payment Fee | Rs. 100 for balance up to Rs. 500 Rs.600 for balance between Rs. 500-5000 Rs.800 for balance between Rs. 5000-10,000 Rs. 1000 for balance above Rs. 10,000 |
| Over Limit Fee | 2.5% of the over-limit amount (minimum Rs. 500) |
| Foreign Currency Transaction Fee | 3.5% of the transaction amount |
| Card Replacement | Fee Rs. 100 |
It's important to note that the annual fee is waived if the cardholder spends Rs. 2 lakh or more in the previous year. Additionally, the interest rate of 3.60% per month translates to an annual percentage rate (APR) of approximately 43.2%, which is applied on cash advances and revolving credit balances.
Cardholders should be aware that late payment fees and interest charges can accumulate quickly, so it's advisable to pay the full statement balance by the due date to avoid these additional costs. The foreign currency transaction fee is applicable on all transactions made in currencies other than Indian Rupees, including online purchases from international merchants.
For cash advances, in addition to the cash advance fee, interest is charged from the date of withdrawal until the amount is fully repaid. There is no interest-free period for cash advances.
These fees and charges are subject to change, and cardholders should refer to the most recent terms and conditions or contact Axis Bank for the most up-to-date information.
Eligibility & Documentation
The Flipkart Axis Bank Credit Card has specific eligibility criteria and documentation requirements for applicants. Here's an overview of the key requirements:
- Age: 18-70 years old
- Citizenship: Indian resident
- Minimum annual income of Rs. 3 lakhs
- Salaried or self-employed individuals
- Credit Score typically 700 or above
- Proof of Identity (any one): PAN card, Aadhaar card, valid passport, or voter ID.
- Proof of Address (any one): Aadhaar card, utility bill, rental agreement, or passport
- Income Proof latest 3 months' salary slips and bank statements or latest ITR with computation of income and bank statements for 6 months
- Photograph: Recent passport-sized photograph
Applicants should note that meeting the eligibility criteria does not guarantee approval, as the final decision is subject to the bank's discretion and credit assessment.
How to Apply Flipkart Axis Bank Card
To apply for the Flipkart Axis Bank Credit Card, follow these steps:
- Visit the Axis Bank website or download the Axis Bank mobile app.
- Navigate to the credit card section and select the Flipkart Axis Bank Credit Card.
- Click on the "Apply Now" button to start your application.
- Fill out the online application form with your personal details, employment information, and income details.
- Upload the required documents, including proof of identity, address proof, income proof, and a recent photograph.
- Review your application for accuracy and submit it.
- Complete any additional verification steps if requested, such as an online assessment or phone interview.
- Wait for the bank to process your application and communicate their decision.
Remember to have your necessary documents ready before starting the application process. The bank will review your application and credit history to determine your eligibility. If approved, you'll receive further instructions on activating your new credit card.
Card Review and Analysis
The Flipkart Axis Bank Credit Card has received mixed reviews from users, with many praising its cashback benefits while others note some drawbacks. The card offers attractive rewards, including 5% unlimited cashback on Flipkart and Cleartrip purchases, 4% on preferred merchants like Swiggy and Uber, and 1% on other spends. However, some users have reported issues with customer service and unexpected charges.
Pros of the card include its generous cashback structure, especially for frequent Flipkart shoppers, and additional perks like airport lounge access and fuel surcharge waivers. The card also provides welcome benefits and the potential for annual fee waivers based on spending.
On the downside, the card has undergone devaluations, reducing cashback on Myntra purchases from 5% to 1% and implementing a minimum spend requirement for lounge access. Some users have also complained about difficulties in redeeming rewards or resolving issues with customer support.
Overall, the Flipkart Axis Bank Credit Card can provide significant value for those who frequently shop on Flipkart and use partner services. However, potential applicants should carefully consider their spending habits and be aware of the terms and conditions before applying
Flipkart Axis Bank Card Review
- Rewards and Benefits5.0
- Fees & Interest Rates5.0
- Eligibility & Requirementsts5.0
- User Experience5.0
- Overall Rating & Recommendation5.0
