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Flipkart Axis Bank Credit Card Review
- 5% unlimited cashback on Flipkart and Cleartrip (capped ₹4K/quarter per merchant)
- 7.5% cashback on Myntra (capped ₹4K/quarter)
- 4% unlimited cashback on Preferred Merchants (Swiggy, Uber, PVR, Cult.fit)
- 1% on all other eligible retail
- ₹500 fee waivable on ₹3.5L annual spend
- Welcome ₹250 Flipkart + ₹100 Swiggy vouchers
- 15% dining discount via Axis Dining Delights (10,000+ restaurants)
- Lounge access DISCONTINUED June 2025 — previously 4 domestic/year
- Myntra 7.5% now capped at ₹4,000/quarter (introduced post devaluation)
- 1% transaction fees (Axis-wide, since Dec 2024 / Mar 2023): Rent (always 1%), Education via 3rd-party apps, Wallet load >₹10K/cycle, Fuel >₹50K/cycle, Utility >₹25K/cycle, Gaming >₹10K/cycle, plus 1.5% DCC on INR international txns
- ₹3.5L fee waiver threshold excludes rent and wallet loads
- 3.5% forex markup
- No dining accelerator beyond Dining Delights (just 1% base)
Fees & charges
| Item | Charge |
|---|---|
| Joining fee | ₹NIL (Limited-period offer per Axis official; first year free) |
| Renewal fee | ₹500 + GST — waived on ₹3.5L annual spend (rent/wallet excluded) |
| Finance charge | 3.75% p.m. (55.55% p.a.) |
| Cash advance | 2.5% (min ₹500) |
| Forex markup | 3.5% |
| Late payment | Up to ₹1,300 |
| Rent transaction fee (since 5 Mar 2023) | 1% per rental transaction |
| DCC markup (since 5 Mar 2023) | 1.5% on INR-denominated international txns |
| Education (3rd-party apps, since 20 Dec 2024) | 1% per education payment |
| Utility >₹25K/cycle (since 20 Dec 2024) | 1% on cumulative utility spends above ₹25K/cycle |
| Wallet load >₹10K/cycle (since 20 Dec 2024) | 1% on cumulative wallet loads above ₹10K/cycle |
| Fuel >₹50K/cycle (since 20 Dec 2024) | 1% on cumulative fuel spends above ₹50K/cycle |
| Online gaming >₹10K/cycle (since 20 Dec 2024) | 1% on cumulative gaming spends above ₹10K/cycle |
Eligibility & documents
Age
18-70 years
Minimum income
Net monthly ₹15,000+ (~₹1.8L/year) — very accessible
Employment
Salaried or self-employed; Indian resident
Recommended CIBIL
720+
Typical credit limit
₹25,000 – ₹3 lakh at issuance
Documents
PAN, Aadhaar, salary slip + bank statement OR ITR, address proof
Rewards structure
Cashback structure (post June 2025 devaluation):
- 7.5% on Myntra — capped ₹4,000 per statement quarter
- 5% on Flipkart + Cleartrip — capped ₹4,000 per statement quarter per merchant (so ₹4K on Flipkart + ₹4K on Cleartrip separately)
- 4% on Preferred Merchants — Swiggy, Uber, PVR, Cult.fit (unlimited, no cap)
- 1% on other eligible retail (unlimited)
Cashback credited directly to the credit card statement — no separate redemption.
Exclusions (excluded from fee waiver threshold AND typically from cashback): Rent payments, wallet loads, fuel, insurance, EMI conversions, government payments.
Welcome benefits & milestones
Welcome benefits: ₹250 Flipkart voucher on first transaction within 30 days of issuance (only paid-fee variant; first-year-free cards NOT eligible) + 50% off up to ₹100 on first Swiggy order with code AXISFKNEW (all variants eligible). Combined ~₹350 in welcome value per Axis official.
Annual fee waiver: Spend ₹3,50,000 in anniversary year → next year’s ₹500 fee waived. Note: Rent and wallet load transactions are EXCLUDED from this threshold.
Key benefits
- Up to 15% discount (max ₹500 per visit) at 10,000+ restaurants via Axis Dining Delights
- 1% fuel surcharge waiver on ₹400-₹4,000 (cap ₹400/month)
- Free add-on cards for family
- EMI conversion on transactions ₹2,500+
- Lounge access no longer available (discontinued June 2025)
Usage terms & fine print
Lounge access
Not available. Lounge access was discontinued in June 2025. For lounges at similar fee, consider Axis ACE (4 domestic/year conditional on ₹50K quarterly spend).
Fuel surcharge waiver
1% fuel surcharge waiver on ₹400-₹4,000 transactions, cap ₹400/month. Fuel doesn’t earn cashback.
Interest-free period
Interest-free credit up to 50 days. Minimum payment 5% or ₹250.
EMI conversion
EMI on transactions ₹2,500+. Tenures 3-24 months. Interest 0.99-1.5% p.m. Processing fee 1%.
Digital wallets & UPI
Apple Pay, Google Pay, Samsung Pay supported. Visa tap-to-pay. No direct UPI linking (Visa, not RuPay).
Insurance cover
Lost card liability, basic purchase protection
Compared with alternatives
HDFC Millennia (₹1K) →
Broader partner set: 5% on 6 brands (Amazon, Flipkart, Swiggy, Zomato, Uber, Sony/TataCliq). More versatile but higher fee.
HDFC Swiggy (₹500) →
Same fee. 10% Swiggy vs Flipkart’s 4%. Pick Swiggy for food delivery, Flipkart for shopping.
Kotak Myntra (₹500) →
Different issuer, similar fee. 7.5% Myntra unlimited (vs Flipkart’s ₹4K/qtr cap on Myntra). Kotak wins for heavy Myntra shoppers.
Amex SmartEarn (₹495) (comparison coming soon)
Similar fee. 10× on Amazon/Uber/BigBasket. Amex acceptance narrower.
Who the Flipkart Axis Bank is for
Regular Flipkart + Myntra shoppers doing ₹15K+/month combined on these platforms. With the 2026 structure, you can earn up to ₹16K/year on Flipkart (₹4K×4) + ₹16K/year on Myntra (₹4K×4) + 4% on Swiggy/Uber = ₹8-12K on that cluster. Combined annual cashback can reach ₹30K+ for active users.
Not the right card if: you primarily want travel benefits (lounge access was discontinued) or you don’t shop on Flipkart/Myntra. Consider Axis ACE for utility-focus, HDFC Swiggy for food-delivery, or Amex Platinum Travel for travel.
How to apply & how to cancel
Apply: Apply via flipkart.com/axis-credit-card or axisbank.com/flipkart-axis. Instant eligibility via Flipkart app. Paperless KYC. Approval 3-5 days; delivery 7-10 days.
Cancel: Call Axis helpline (1860 419 5555). Clear dues. Cashback already credited retained.
Final verdict
Flipkart Axis remains the go-to card for Flipkart/Myntra loyalists, but the June 2025 changes (lounge discontinuation, transaction fees, Myntra capping) have reduced its versatility. Still excellent at its core shopping use-case — just no longer the all-rounder it once was. Pair with Axis ACE or HDFC Swiggy for non-shopping spends.
Frequently asked questions
What changed in June 2025?
Three major changes: (1) Lounge access discontinued (was 4 domestic/year). (2) Transaction-specific fees introduced. (3) Myntra 7.5% capping added at ₹4,000/quarter (previously less-capped or uncapped).
Are rent payments excluded from the fee waiver?
Yes — rent payments AND wallet load transactions are excluded from the ₹3.5L annual spend threshold for fee waiver. Only regular retail counts.
Is the 4% on Preferred Merchants uncapped?
Preferred Merchant category (Swiggy, Uber, PVR, Cult.fit) earns 4% unlimited — no cap mentioned. Check current T&C as Axis has periodically revised.
Does Flipkart Axis work on Flipkart Plus?
Yes — Flipkart Plus memberships and subscriptions purchased on Flipkart earn the 5% cashback.
Can I get the welcome voucher without paying the fee?
No — paid-fee variant is required. Pre-approved LTF variants (sometimes offered) don’t get the welcome voucher.
How does the 7.5% on Myntra work with the cap?
Earn 7.5% on Myntra transactions up to ₹4,000 cashback per statement quarter. That’s equivalent to ~₹53,333 Myntra spend per quarter earning full 7.5% before the cap kicks in.
Can I upgrade from Flipkart Axis to another Axis card?
Yes — Axis allows upgrade to Select, Magnus, Atlas (if still open). Tenure carries over.
Is Flipkart Axis available as a lifetime-free variant?
Axis occasionally offers Flipkart Axis as a welcome promo at ₹0 joining fee (paid renewal waived on spend). Check current offer during application.
Data current as of April 2026. Credit card fees, rewards and benefits are revised periodically by issuers. Always confirm current terms with the issuer before applying.