Looking for a credit card that will give you the best rewards when shopping on Flipkart? Then check out our review of the Flipkart Axis Bank Credit Cardong>!
This card offers great benefits and perks, making it the perfect choice for frequent Flipkart shoppers. Read on to find out more about this credit card and see if it’s right for you!
Flipkart’s new co-branded credit card is a great way to save money on your favorite shopping sites! It has an unlimited 5% cashback when buying from Flipkart, Myntra and 2GUD which can be automatically sent as statements credit.
But what about other purchases? You’ll still get 1% default percentage point for all others – so this means you could save up even more by using one of these cards at the right time!
This article goes over everything we know so far about how they work together plus gives insight into whether or not our readers should apply for this credit card.
Table of Contents
- Welcome benefits
- Regular Benefits
- Additional Benefits
- Pros and cons
- Best Alternative of Flipkart Axis Bank Credit Card
- Eligibility Criteria
- How to Apply for ?
- Bottom-line: Is flipkart axis credit card good?
Flipkart axis bank credit card charges
|Annual Fee||Rs.495+GST( Waived off on spending Rs. 40K in previous Year)|
|Add-on card joining fee||Nil|
|Foreign currency transaction fee||3.5% of the transaction value|
|Cash payment fee||Rs.100|
|Finance charges||3.4% per month (49.36% per annum)|
|Cash withdrawal fees||2.5% (Min. Rs.500) of the cash amount|
|Late payment fees||Max.Rs.1,000|
|Over limit penalty||2.5% of the over limit amount (Min Rs.500)|
The annual fee will be waived off if your annual spending is more than Rs.2,00,000 in the previous year. This is also an entry-level credit. At the same level, Citi Bank Paytm First Credit Card has Rs.500 annual fees but waived off only on annual spending of Rs.1,00,000 in the previous year and Amazon Pay ICICI Bank credit card have no Annual and Joining Fees.
Axis bank flipkart credit card Welcome Benefits
Axis Bank offer lot of Welcome Benefits for new member of Axis Bank Card. Below are the some of benefits of new member.
# 1. Rs.500 Flipkart Voucher
You will get Flipkart Voucher worth Rs.500 as welcome benefits, however you need to fulfill certain condition like, you should make at least one transaction within 30d days of card issuance. You will not be eligible for voucher, if you are not liable to pay Joining Fee. The Gift voucher cab be redeemed online against Sellers listed on www.flipkart.com.
# 2. 15 months Gaana plus at a discounted price
You will get access to 15 Months Gaana Plus (MRP Rs.599, @ Rs.399. You can save Rs.200 for the same. You need to apply the coupon code: “DISFKAXISCARD” to avail the offer. However, if you already a member of Gaana Plus, then offer no worth.
# 3. 15% cashback at Myntra
You will get flat 15% cashback up to Rs.500 on all styles on Myntra on first ever transaction using Flipkart Axis Bank Credit Card within 30 days of card issuance.
# 4. 20% of Plum Goodness
You can have instant discount up to Rs.500 on Plum Goodness. The offer is valid until 25th October 2021.
From the above welcome benefits, its is evident that Axis bank fully compensate the joining fees.
Flipkart Axis Bank Credit Card Benefits
Flipkart Axis Bank Credit Card offers unlimited cashback that is credited to card account before statement generation. The cashback rate is based on partner merchants and is summarized below:
# 1. 5% cashback on Flipkart, Myntra and 2GUD
You will get 5% unlimited cashback on Flipkart, Myntra and 2GUD if you use Axis bank Flipkart credit card for transaction. This cashback is valid on website as well as mobile application of Flipkart, Myntra, 2Gud.com if transaction amount is more than Rs.100. Cashback is not given on transactions less than Rs.100.
# 2. 4% Cashback on Preferred Merchant
You can get unlimited 4% Cashback on Preferred Merchant purchases. List of Preferred Merchant changes constantly, you will be provided updated merchant on mail, however you should always check Preferred Merchant on Axis Bank website. Here is the current list of Flipkart axis bank credit card preferred merchants.
# 3. 1.5% on All other merchants
and finally you can have 1.5% Unlimited cash back on All other merchants, however, Cashback shall not be eligible for following spends on this card.
- Fuel Spends
- Purchase of gift cards on Flipkart, Myntra, 2Gud.com
- EMI transactions
- Purchases converted to EMI post facto
- Wallet loading transactions
- Purchase of gold items
- Cash advances
- Payment of outstanding balances
- Payment of card fees and other card charges
Here are the additional perks, you will get along with regulars rewards.
Lounge Access Benefits
You will get 4 complimentary Domestic Lounge access per year using Mastercard Program for Primary cardholder. This benefits can not be used by other family member and friends
Normally Lounge Access Benefits are not provided on Enter level credit card, however I should appreciate that Flipkart offer lounge access. This is one of the benefits that are not available on other credit card in this segment.
Fuel surcharge waiver
1% Fuel surcharge waiver, however, you transaction amount should be between Rs.400 to Rs.4000.
- 20% off at restaurants participating in the Dining Delights program
- Convert purchases over Rs. 2,000 to EMI
Pros and Cons of Flipkart Axis Bank Credit Card
- Default 1.5% cashback on all other spends which is best in the segment.
- 4 complementary Domestic Airport Lounge access per year, which is not available in another entry-level card
- No Cost EMI available on all Flipkart spends.
- Superior and transparent Rewards Systems
- Waiver of Annual Fees is not good. you need to spend at least Rs. 2,00,000/- in the year, which is not good compared to another entry-level card.
- You can not apply for this credit card directly with Axis Bank.
Best Alternative of Flipkart Axis Bank Credit Card
The only best alternative of Flipkart Axis Bank Credit Card can be Amazon Pay ICICI bank Credit card. Both are co-branded, entry level cards and provide accelerative cashback on shopping on their respective portals( Flipkart and Amazon). let’s compare the two card that will help you decide best credit card for shopping experience.
Flipkart axis bank credit card vs Amazon pay icici credit card
|Types||Flipkart Axis Bank Credit Card||Amazon Pay ICICI bank Credit card|
|Welcome Benefits||Rs.500 Flipkart Gift voucher||(A).Rs. 500 Amazon Pay gift card for prime members
(B).Rs. 400 Amazon Pay gift card for non-prime members
|Accelerated Cashback||(A). 5% cashback on Flipkart, Myntra and 2GUD
(B). 4% Cashback on Preferred Merchant
|(A).5% for Prime members and
(B) 3% for Non-prime members on Amazon Shopping.
(C). 2% cashback Amazon Pay at partner merchants
||Statement Credit||Amazon Pay Balance|
|Airport Lounge Access||4 domestic airport lounge access per year||None|
|Dining Benefits||20% discount at partner restaurants||15% discount at partner restaurants|
From the above comparison, its clear that Filpkart Axis Bank Credit Card best over Amazon Pay ICICI Bank Credit Card due to higher regular cashback and airport lounge access.
Flipkart Axis Bank Credit Card Eligibility
The eligibility criteria for this credit card is very normal as another entry-level credit card. If you have a prior relationship with Axis Bank then, getting this credit card is very easy, You need to just call customer care and request to upgrade to this credit card. However basic eligibility criteria this credit card is below.
- Your age should be between 18 to 65 years
- Salaried person– Your monthly income should be greater than Rs. 25K per month
- Self Employed – You ITR income should be greater than Rs. 50K per month.
How to apply for Flipkart axis bank credit card
The application process is straightforward, you need to login to Flipkart account and fill some necessary details like Personal Details, professional Details, Contact Details, etc. and submit the form.
Axis Bank agent will pay a visit to your office or home and collect the digital copy of PAN card, Address proof, and Income Proof-like Salary Slip, Income Tax return.
Flipkart axis bank credit card application status can be check-in Flipkart website or Axis bank website using the combination of PAN no and Application no.
Flipkart axis bank credit card limit is quite good if this is your first credit card with Axis bank otherwise Credit limit would the same as your previous Axis Bank credit card.
Flipkart axis bank credit card limit
Axis Bank decide credit card limit on the basis of Credit History, Credit worthiness, Your CIBIL Score, Bank balance in saving account, Annual Income etc. Normally the starting credit limit of Flipkart axis bank credit card is Rs.25,000 to Rs.5,00,000. If your CIBIL score is above 780 and you earn good amount of income, then your credit limit will be above Rs.1,00,000.
You can also apply credit card on the basis of other bank credit card. Your other bank credit limit should be at least 75K and should be at least one year old. They will ask for one month statement to verify that.
How to increase Flipkart axis bank credit card limit
You can increase credit limit by (a). Regular use and payment of credit card (b). By informing promotion and salary increase to the bank (c). By optimizing Credit utilization ratio (d). By Closing pending loan and unused credit card.
By above method, you credit card limit will certainly increase.
Bottom-line : Is flipkart axis credit card good ?
Flipkart Axis Bank Credit Card Review 2022- The Best Credit card for Flipkart shopping.
So, is the Flipkart Axis Credit Card good? In a word, yes. The approval process is much easier than for other entry-level cards, and you can earn 5% cashback on all Flipkart purchases. Plus, there are no restrictions on where you can use your card. If you’re looking for an easy way to start building your credit history or want to save money on your Flipkart shopping, this card is a great option.
You can also check the best Lounge access benefits credit card. I would highly recommend this credit card for beginners.
Have you applied for the Flipkart Axis Credit Card? Let us know what you think in the comments below.