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Flipkart Axis Bank Credit Card is a co-branded shopping credit card that offers unlimited cashback on various transactions. It is a product of the partnership between Flipkart, India’s leading e-commerce platform, and Axis Bank, one of the largest private sector banks in the country. The card comes with several benefits, such as welcome vouchers, airport lounge access, fuel surcharge waiver, and dining delights.
Is Flipkart Axis Bank Credit Card good?
| Aspect | Pros | Cons | Conclusion |
|---|---|---|---|
| Cashback | • Up to 5% cashback on Flipkart and Myntra | • Lower cashback (1.5%) on non-partner platforms | Good for frequent Flipkart and Myntra users, average for others |
| Rewards | • Flipkart Axis Bank Reward Points can be redeemed for statement credit, gift vouchers, or other rewards | • Limited redemption options | Decent, but not the most versatile rewards program |
| Annual Fee | • ₹500 + taxes | • Fee waived if annual spends exceed ₹3,50,000 | Reasonable, especially with the fee waiver option |
| Eligibility | • Open to salaried individuals, self-employed professionals, and NRIs | • Minimum income requirement of ₹15,000 per month | Accessible to a wide range of individuals |
| Benefits | • Complimentary domestic lounge access | • Limited additional benefits | Average in terms of additional perks |
| Overall | • Good cashback rates for Flipkart and Myntra shoppers | • Limited benefits and average reward program | Suitable for frequent Flipkart and Myntra users but not ideal for everyone |
Now you can evaluate that the Flipkart Axis Bank Credit Card is good for you or not. For know more information about this card you can read the information given below.
Flipkart Axis Bank Credit Card Cashback Rate
| Platform | Cashback |
|---|---|
| Flipkart | 5% |
| Myntra | 5% |
| Flipkart Health and Flight & Hotel payments on Flipkart | 1.5% |
| Preferred Merchants (Cleartrip, cult.fit, PVR, Swiggy, TATA PLAY, Uber) | 4% |
| All Other Merchants | 1.5% |
One of the main features of the Flipkart Axis Bank Credit Card is its cashback scheme. The card offers 5% cashback on Flipkart and Myntra, 4% cashback on preferred merchants, and 1.5% cashback on all other categories. The preferred merchants include Uber, PVR, Cure.fit, Goibibo, MakeMyTrip, and UrbanClap. The cashback is credited to the card account every month and can be used to pay the outstanding balance or make purchases on Flipkart and Myntra.
The cashback rate of the Flipkart Axis Bank Credit Card is higher than most of the other similar cards in the market. For instance, the Amazon Pay ICICI Bank Credit Card offers 5% cashback on Amazon for Prime members and 3% for non-Prime members, 2% cashback on partner merchants, and 1% cashback on all other categories.
Flipkart Axis Bank Annual Fee
| Joining Fee | Annual Fee | Annual Fee Waiver |
|---|---|---|
| ₹500 + taxes | ₹500 + taxes | Yes, if annual spends are greater than ₹3,50,000 |
Another factor to consider when choosing a credit card is its annual fee. The annual fee is the amount that you have to pay every year to keep using the card. The Flipkart Axis Bank Credit Card charges an annual fee of Rs. 500, which is waived if the annual spending exceeds Rs. 3.5 lakhs.
The annual fee of the Flipkart Axis Bank Credit Card is comparable to some of the other similar cards in the market. For example, the Amazon Pay ICICI Bank Credit Card does not charge any annual fee at all. The HDFC MoneyBack Credit Card charges an annual fee of Rs. 500, which is waived if the annual spending exceeds Rs. 50,000. The SBI SimplyCLICK Credit Card charges an annual fee of Rs. 499, which is waived if the annual spending exceeds Rs. 1 lakh.
Flipkart Axis Bank Eligibility
The third criterion to evaluate a credit card is its eligibility criteria. The eligibility criteria are the requirements that you have to meet to apply for and get approved for the card.
| Category | Minimum Age | Minimum Income | Residential Status |
|---|---|---|---|
| Salaried Individuals | 21 years | ₹15,000 per month | Resident of India |
| Self-Employed Professionals | 21 years | As per income tax returns | Resident of India |
| Non-Resident Indians (NRIs) | 18 years | Not applicable | Indian citizen with valid NRI account |
Additional Eligibility Criteria:
- Good credit score (Generally above 750)
- Valid PAN card
- Proof of residence
- Identity proof
- Latest salary slip/Form 16/IT return copy (for salaried individuals)
- Business registration documents and income tax returns (for self-employed professionals)
- Passport and NRI account details (for NRIs)
Flipkart Axis Bank Customer Reviews
The fourth and final criterion to assess a credit card is its customer reviews. The customer reviews are the feedback and opinions that the existing or previous users of the card have shared on various platforms, such as Flipkart, BankBazaar, and MouthShut. The customer reviews can give you an insight into the pros and cons of the card from the perspective of real users.
The Flipkart Axis Bank Credit Card has received mixed feedback from customers on various platforms. Some of the common themes of positive reviews are:
- The application process is easy and fast.
- The approval is quick and hassle-free.
- The cashback rate is good and attractive.
- The card delivery is prompt and timely.
Some of the common themes of negative reviews are:
- The card delivery is delayed and slow.
- The card has hidden charges and fees. ( But I have not seen any hidden charges in my own personal use)
Is Flipkart Axis Bank Credit Card Good for Students?
To answer this question, we need to consider the eligibility criteria, the annual fee, and the spending habits of students. Therefore, whether Flipkart Axis Bank Credit Card is good for students or not depends on their individual situation and preferences.
Flipkart Axis Bank Credit Card is good for students if they can meet the eligibility criteria, afford the annual fee, and shop frequently on Flipkart and Myntra, or other preferred merchants. However, if they cannot meet the eligibility criteria, pay the annual fee, or shop rarely on Flipkart Myntra, or other preferred merchants, then they may not get much value from the card.
Also Read: The Top 5 Financial Mistakes to Avoid in Your 20s and 30s
Conclusion
Is Flipkart Axis Bank credit card good? Based on our evaluation of the four criteria: cashback rate, annual fee, eligibility, and customer reviews, we can say that the Flipkart Axis Bank Credit Card is a good choice for people who:
- Shop frequently on Flipkart and Myntra or other preferred merchants.
- Spend more than Rs. 2 lakh in a year on their credit card.
- Have a good credit score and income level.
- Do not mind paying GST on their annual fee or dealing with technical issues or customer service problems.
Ultimately, the decision of choosing a credit card is yours to make. You should compare different cards based on your needs and preferences and select the one that offers you the best value and benefits.
We hope this article has helped you understand more about the Flipkart Axis Bank Credit Card and its features. If you have any questions or comments, please feel free to share them with us. Thank you for reading! 😊
Frequently Asked Questions
How can I apply for a Flipkart Axis Bank Credit Card?
You can apply for Flipkart Axis Bank Credit Card online or offline. To apply online, you can visit the official website of Axis Bank or Flipkart and fill out the application form with your personal and professional details. You will also need to upload some documents, such as identity proof, address proof, income proof, etc. To apply offline, you can visit the nearest branch of Axis Bank or call their customer care number and request the card.
How can I contact customer care of Flipkart Axis Bank Credit Card?
You can contact the customer care of Flipkart Axis Bank Credit Card by calling their toll-free number 1860-419-5555 or 1860-500-5555.
How can I cancel my Flipkart Axis Bank Credit Card?
You can cancel your Flipkart Axis Bank Credit Card by following these steps:
- Call the Axis Bank customer care number 1860-419-5555 or 1860-500-5555 and request card cancellation.
- Confirm your card details and reason for cancellation.
- Pay any outstanding balance or dues on your card account.
- Cut your card diagonally into two pieces and dispose of it safely.
How can I increase my credit limit on Flipkart Axis Bank Credit Card?
You can increase your credit limit on Flipkart Axis Bank Credit Card by following these steps:
- Call the Axis Bank customer care number 1860-419-5555 or 1860-500-5555 and request for credit limit enhancement.
- Provide your card details and income proof documents such as salary slip, bank statement, IT return, etc.
- Wait for the bank to verify your documents and eligibility criteria.
- Get an approval or rejection message from the bank within a few days.
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