Introduction

Flipkart is one of India’s most popular marketplaces, along with Amazon. Many people visit Flipkart regularly for various shopping needs like groceries, fashion, electronics, travel bookings, etc. What if you could enjoy a 5% cashback on these purchases? The Flipkart Axis Bank Credit Card provides you with that and a lot more. In this article, we will understand the features and benefits of this card and whether you should get it.

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Overview Table

Feature	Details
Card type	Rewards credit card
Reward range	1% to 7.5% cashback
Joining fee	Rs. 500 + Taxes
Welcome bonus	Rs. 250 Flipkart voucher and 50% discount (up to Rs. 100) on Swiggy 1st order
Renewal fee	Rs. 500 + Taxes
Renewal benefit	NA
Best for	Regular Flipkart purchases, fashion purchases from Myntra, travel bookings on Cleartrip, etc.
USP	Up to 7.5% cashback on Flipkart, Myntra, and Cleartrip, low annual fee, annual fee reversal on spending Rs. 3.5 lakhs, etc.

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Fees & Benefits

As part of the welcome benefits, the cardholder gets:

The card’s joining fee is Rs. 500 + Taxes.

1. A Rs. 250 Flipkart voucher on doing the first transaction with the card within 30 days of issuance. The voucher code will be sent through SMS to the registered mobile number within 30 days of doing the first transaction.
2. A 50% discount (up to Rs. 100) on 1^st Swiggy order using the code ‘AXISFKNEW’. The offer is for new Swiggy customers, and the minimum order value must be Rs. 129.

The card’s annual renewal fee is Rs. 500 + Taxes.

The annual renewal fee is waived on spending Rs. 3,50,000 or more in the previous year. Rent payment and wallet load transactions will not be eligible for spends counted towards availing the annual fee waiver.

Rewards Structure

The Flipkart Axis Bank Credit Card provides cashback in the 1% to 7.5% range on various merchants as follows.

Merchant	Cashback rate	Maximum cashback capping
Myntra	7.5%	Rs. 4,000 per statement quarter
Flipkart	5.0%	Rs. 4,000 per statement quarter
Cleartrip	5.0%	Rs. 4,000 per statement quarter
Cult.fit, PVR, Uber, Swiggy	4.0%	Unlimited
All other merchants and categories, subject to exclusions	1.0%	Unlimited

A statement quarter will depend on the statement date. Suppose the statement date is the 5^th of the month. In this case, the statement quarters will be as follows: 

1st quarter	6th March to 5th June
2nd quarter	6th June to 5th September
3rd quarter	6th September to 5th December
4th quarter	6th December to 5th March

The cashback on the merchants mentioned above is subject to the following.

1. Any transaction of less than Rs. 100 will not earn cashback.
2. On the Swiggy App, only food delivery transactions will earn accelerated cashback. Instamart, Genie, etc., transactions are not eligible for accelerated cashback.
3. The Flipkart cashback excludes Flipkart Health purchases.
4. Purchase of gift cards on Myntra and Flipkart will not earn cashback.

Cashback earned in the current billing cycle will be credited in the next billing cycle, 3 days prior to the statement generation date. Suppose the statement date is 15^th February. The cashback earned in the February month cycle (16^th January to 15^th February) will be credited on 12^th March. The cashback will be directly credited to the credit card statement.

Exclusions

The following categories/transactions will not earn any cashback.

1. Utility bill payments
2. Fuel
3. Jewellery
4. Clock, watch, and silverware stores
5. Insurance premium payments
6. Financial institutions
7. Rent payments
8. Wallet load transactions
9. Education services
10. Government services
11. EMI transactions
12. Transactions converted into EMIs after the purchase

Apart from the above excluded categories, the cardholder must note the following fees.

1. For rent payments, a transaction fee of 1% of the transaction amount will be applicable.
2. For wallet loads, a fee of 1% of the transaction amount will be applicable for cumulative spends of Rs. 10,000 or more per statement cycle.
3. For fuel spends, a fee of 1% of the transaction amount will be applicable for cumulative spends of Rs. 50,000 or more per statement cycle.
4. For education-related payments, a fee of 1% of the transaction amount will be applicable for payments made through third-party apps. There will be no fee for education-related payments made directly on the school/college website/App/POS machine.
5. For utility bill payments, a fee of 1% of the transaction amount will be applicable for cumulative spends of Rs. 25,000 or more per statement cycle.
6. For online skill-based gaming platforms, a fee of 1% of the transaction amount will be applicable for cumulative spends of Rs. 10,000 or more per statement cycle.

Additional Features

Some other features of the Flipkart Axis Bank Credit Card include the following.

1. Fuel surcharge waiver

The 1% surcharge for fuel purchases is waived at all fuel stations across India. The waiver applies to transactions between Rs. 400 and Rs. 4,000. The maximum waiver that can be earned in a statement cycle is Rs. 400.

2. Dining delights

The cardholder can get a 15% on dining using the Flipkart Axis Bank Credit Card. The cardholder must book a dining table at their favourite restaurant using the EazyDiner App. The bill must be paid through PayEazy using the Flipkart Axis Bank Credit Card to avail the 15% discount up to Rs. 500.

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How to Apply

To apply for the Flipkart Axis Bank Credit Card, the individual must be a resident of India and aged between 18 and 70 years. You can apply for the card through the Axis Bank website/App or the Flipkart App.

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Optimal Use

The Flipkart Axis Bank Credit Card has a separate capping of Rs. 4,000 cashback per statement quarter for Myntra, Flipkart, and Cleartrip. So, for merchants like Flipkart and Cleartrip, you can optimise the card usage with a quarterly usage for transactions of Rs. 80,000. With a spend of Rs. 80,000, you will max out the 5% cashback of Rs. 4,000. So, you can plan your usage accordingly to optimise your benefit.

For Myntra, a quarterly usage of Rs. 53,333 will give you the maximum cashback of Rs. 4,000 at the rate of 7.5%.

Expert Verdict/Conclusion

The Flipkart Axis Bank Credit Card is a good card for people who transact frequently with the Flipkart group companies. These include Flipkart marketplace, Myntra, and Cleartrip. So, if you transact frequently with these companies, you must consider the Flipkart Axis Bank Credit Card. The 7.5% cashback on Myntra and 5% cashback on Flipkart and Cleartrip is rewarding. Also, a separate quarterly statement limit of Rs. 4,000 cashback for each company is decent. The annual fee of Rs. 500 is okay with the annual cashbacks that can be enjoyed.