Introduction

Flipkart Axis Bank Credit Card is the best credit card. A cashback bonus of 5% is available to cardholders of the Flipkart Axis Bank Credit Card for purchases made at either Flipkart or Myntra. Cashback for 4% is provided on preferred partners such as Swiggy, Uber, PVR, and cure. Fit. This offer is being made available by Flipkart.com. 1.5% cashback will be given on all other purchases, whether made online or in-store.

Purchases of petrol, gift cards on Flipkart, Myntra, or 2Gud.com, purchases converted to EMI, wallet uploads, purchases of gold items, cash advances, payment of the card’s outstanding balances, and payment of card fees and other card charges do not qualify for cashback. You will only be eligible to get cashback of 1.5% on purchases made in the Flipkart Smart Store.

Feature

A Welcome incentive with a value of Rs. 1,100 is available to cardholders of the Flipkart Axis Bank Credit Card upon the occasion of the card’s issuance. Customers who pay using a Flipkart Axis Bank Credit Card are eligible for a concession equal to Rs. 399 off the price of a Gaana Plus subscription that is valid for 15 months. Customers who use their Flipkart Axis Bank Credit Cards receive Flipkart coupons for 500 Indian Rupees.

The Flipkart Axis Bank Credit Card will reward you 15%, up to a maximum of Rs. 500, on your first purchase made with this card on Myntra. This reward will apply only to the first transaction made with the card. When you use your Flipkart Axis Bank Credit Card to make your first purchase with Swiggy, you will receive a discount equal to fifty percent of the purchase price (maximum discount capped at Rs. 100).

Because it is determined by aspects such as the cardholder’s income and credit score, the credit card’s credit limit may differ for each cardholder. Suppose an applicant has a credit score that is considered to be satisfactory by the lender. In that case, the applicant’s credit limit will often be established at a level two to three times higher than their regular income. The Axis Bank Flipkart Credit Card has a minimum credit limit of 25,000 rupees and a maximum credit limit of 500,000. This is because the card is an entry-level offering from the bank.

Fees and Charges

Annual Fee: There is currently a membership cost of Rs. 500 per year associated with the Flipkart Axis Credit Card; however, this fee is waived if the cardholder has spent a total of Rs. 2 lacs or more in the calendar year preceding enrolling for the card (the card is being offered as a lifetime free credit card till 31st March 2022).

Interest Rate: The interest rate on the Axis Bank Flipkart Credit Card is 3.4% each month, which equals 49.36% per year. Cash Advance Fee: When making cash withdrawals using your Flipkart Axis Credit Card, you will be subject to a cash withdrawal fee equal to 2.5% of the total amount transacted, with a minimum fee of Rs. 500.

Foreign Currency Markup: When using an Axis Bank Flipkart Credit Card for any foreign currency purchase, you will be subject to a forex markup fee equal to 3.5% of the total amount of the transaction. Card Replacement Fee: If you have misplaced or lost your existing Axis Flipkart Credit Card, you will be subject to a fee of one hundred rupees (Rs.) for the issuance of a new credit card.

Pros of Flipkart card Flipkart Axis Bank Credit Card

High Reward Rate on Flipkart/Myntra and other Partner Merchants: The Flipkart Axis Bank Credit Card offers a unique reward rate of 5% on all spends made on the e-commerce website Flipkart and its sister concern Myntra. This is in addition to the high reward rate offered by other partner merchants. Aside from purchasing Flipkart and Myntra, you also earn a friendly reward rate of 4% on spending at partner merchants. These partner merchants include well-known companies such as Swiggy, Uber, PVR, and cure. Fit, among others.

This credit card also gives a respectable (or at least not very low) reward rate on all other purchases made with the card, which is 1.5%, which is greater than the reward rates offered by the majority of other credit cards in the entry-level market sector. Unlimited Cashback: Another perk you get with the Flipkart Axis Bank Credit Card is that you are rewarded with cashback, which is instantly adjusted against the card’s statement balance every month.

This perk is available to cardholders regardless of how much they spend. Additionally, no maximum cap is placed on the amount of cashback that may be collected through the use of the Flipkart Axis Bank Credit Card throughout a single calendar month. Access to Airport Lounges: Although the vast majority of credit cards with basic features or low annual fees do not provide complimentary access to airport lounges, the Axis Bank Flipkart Credit Card does provide cardholders with four complimentary passes to domestic airport lounges.

Cons of Flipkart Axis Bank Credit Card

Not a Great Credit Card for Offline Shopping: The Flipkart Axis Bank Credit Card is definitely one of the best credit cards for online shopping, especially if you prefer Flipkart for most of your purchases. This is especially true if you have a large number of items that you want to buy. In addition, you receive a reward of 4% if you use Uber or Swiggy to order online meal delivery.

On the other hand, if you prefer to shop offline at shopping malls or other small retail establishments, the Flipkart Axis Card might not be the most outstanding choice because the cashback rate on offline purchases is only 1.5%. No Insurance Coverage: The Flipkart Axis Bank Credit Card does not provide any insurance coverage, such as protection against loss or delay of luggage or coverage in the event of an air disaster.

Conclusion

If you enjoy shopping online and use Flipkart as your go-to e-commerce website, the Axis bank Flipkart credit card might earn you tremendous rewards on your transactions. You may also get reasonably good rewards (up to 4%) with favored merchants such as Swiggy, Uber, and PVR in addition to Flipkart. Flipkart is one of the many other retailers that are recommended. Even though it is an entry-level card, it comes with four free passes to use in domestic lounges and dining privileges through the Axis bank Dining Delights program.

The Amazon Pay ICICI Bank credit card is the only other card now available on the market that can be regarded as a potential rival to this one. The membership price for this card is waived. However, it does not provide access to nearly as many additional perks as other cards do. If you spend a significant amount of time shopping online, you can’t go wrong with either of these two choices. You can even sign up for both of them.

However, if you are forced to choose one over the other, you should carefully consider your requirements, such as whether or not you require complimentary lounge visits and how important it is to receive additional cashback benefits from other retailers. You can even sign up for both of them at the same time. Before making a choice between the two options available to you, it is in your best interest to have all of the pertinent information pertaining to the benefits supplied by each of the two cards at your disposal.