Flipkart Axis Bank Credit Card
A ₹500/year cashback card with 9+ partner merchants. We break down whether the 1% return rate justifies the ₹500 annual fee.
Axis Bank
A ₹500/year cashback card with 9+ partner merchants. We break down whether the 1% return rate justifies the ₹500 annual fee.
Fee waiver requires ₹3,50,000 annual spend (₹29,167/month) on eligible retail. Most issuers exclude cash, rent, wallet reload, and fuel from the waiver-eligible total.
9 spending categories earn zero rewards (including utility_bills, fuel).
The Flipkart Axis Bank Credit Card is Axis Bank's ₹500-a-year cashback credit card with about 1% base rewards on everyday spend. Best for myntra shoppers and ₹4-6l annual spenders.
Quick Decision
Reward earnings only, at the everyday spend mix: milestone vouchers and lounge value are tracked separately in the sections below. 9 categories (utility bills, fuel, jewellery, etc., see Excluded list) earn 0% and are NOT in this range.
Casual users hit the lower end; engaged users hit the upper end.
See full analysisPros & Cons
A balanced look at what this card does well and where it falls short.
- Fee waived on ₹3.5L annual spend
- 7.5% on Myntra
- No monthly reward cap
- Welcome bonus worth ₹200
- Fuel transactions excluded from rewards
- Rent payments excluded from rewards
- 9 spending categories excluded
- High forex markup: 3.5%
- No lounge access
Our editorial take on this card
What works
Myntra is the headline: 7.5% cashback up to Rs 4,000/quarter, above the Amazon Pay ICICI card's 5% Amazon ceiling for fashion-heavy spenders. Flipkart and Cleartrip both pay 5% (capped Rs 4,000/quarter each). Three independent Rs 4K quarterly caps mean a disciplined shopper can extract Rs 12,000/quarter or Rs 48,000/year across the three brands alone. Swiggy food delivery and Cult.fit sit at 4% with no quarterly cap, so heavy food-delivery users keep stacking. The Rs 250 Flipkart welcome voucher on first transaction within 30 days is small but real. Annual fee of Rs 500 is the lowest in the co-brand category. The Swiggy HDFC card charges the same Rs 500 but only rewards one brand at 10%, while the Cashback SBI Card charges Rs 999. Fee is fully waived at Rs 3.5L annual spend, comfortably reachable for households running rent (offline), groceries, and online shopping through the card.
Watch the Rs 4,000/quarter cap per preferred brand: once you hit it for a brand in a quarter, every additional rupee spent there earns only 1%. Ten categories earn ZERO cashback: rent, fuel, utilities, telecom, insurance, wallet loads, education, government, financial services, and jewellery, so the rent cheque and the petrol bill earn you nothing on this card. Amazon, Amazon Pay, and Uber are NOT preferred merchants. They earn the base 1%, not 4%. The card has no airport lounge access, no air-accident insurance, no dining programme, a Classic-tier cobrand stripped to cashback alone. Forex markup is 3.5%, standard but high vs. the Amazon Pay ICICI card's 1.99%, and international transactions earn only the 1% base rate. The Rs 500 fee waiver kicks in only at Rs 3.5L annual spend; lower spenders pay the fee outright.
Bottom line
If your online spend is dominated by Myntra and Flipkart, this is a strong co-brand pick at Rs 500/year. But read the quarterly cap line carefully: Rs 4,000 per preferred brand per quarter is real, and the 1% rate on Amazon, Uber, and offline spend means this is a niche card, not an everyday card. Pair it with a flat-cashback or travel card for the spend it ignores.
Independent analysis from public card terms, no paid placements or ratings.
Welcome Bonus
VerifiedOne-time bonus for new cardholders
₹250 Flipkart voucher on first transaction within 30 days
So what does this card actually earn?
Partner Cashback Rates
Myntra
7.5%
Cleartrip
5%
Flipkart
5%
Swiggy
4%
Cultfit
4%
Amazon
1%
Amazon Prime
1%
Uber
1%
Amazon Pay
1%
Partner Rewards
Earn bonus rates at these merchants
| Merchant | Reward | Type |
|---|---|---|
| Myntra | 7.5% | Cashback |
| Cleartrip | 5% | Cashback |
| Flipkart | 5% | Cashback |
| Swiggy | 4% | Cashback |
| Cult.fit | 4% | Cashback |
| Amazon | 1% | Cashback |
| Amazon Prime | 1% | Cashback |
| Uber | 1% | Cashback |
| Amazon Pay (Payment Method) | 1% | Cashback |
Excluded Categories
9 categories earn no rewards on this card
⚠ Do not use for Electricity, Water, Gas, Internet, DTH, Mobile Recharge, Fuel / Petrol / Diesel / CNG, Gold / Jewellery and 6 more. You earn 0 rewards on these spends. Use a different card or pay direct.
This card works best for myntra and cleartrip. Spends in those categories still earn at the headline rate.
Who Is This Card For?
Online-shopping households spending Rs 18,000+/month split across Myntra, Flipkart, Cleartrip and Swiggy. Best as a dedicated shopping card alongside a separate travel/lounge card. Salaried professionals with predictable e-commerce habits who can max the three Rs 4K caps each quarter.
Primarily-Amazon shoppers (Amazon earns only 1% here. Pick the Amazon Pay ICICI Bank Credit Card instead). Travellers who want lounge access (this card has none. At a similar fee point, the HDFC Bank Diners Club Privilege gives 8 domestic + 8 international lounges for Rs 1,180 joining + Rs 0 annual). Heavy Swiggy users (the Swiggy HDFC Bank Credit Card pays 10% on Swiggy vs this card's 4%, same Rs 500 fee).
How It Compares
Side-by-side with similar cards in our database.
| Feature | This card | Airtel Axis Bank | Axis Bank ACE |
|---|---|---|---|
| Annual fee | ₹500 | ₹500 | ₹499 |
| Reward ratecash-equivalent · accelerated | 1.00%up to 7.50% on partners | 1.00%no accelerator | 1.50%no accelerator |
| Network | Visa | Visa | Visa |
| Acceptance | Universal | Universal | Universal |
| Eligibility | Applicable | Applicable | Applicable |
Methodology: reward rates shown at cash-equivalent redemption (statement credit / direct cashback): the most conservative tier every cardholder can realize. Travel-transfer or partner-merchant routing can be materially higher; see each card's full review for upside scenarios.
Fees & Charges
Complete breakdown of all fees associated with this card.
Value Verdict
Eligible spend · no routingEstimated annual value at ₹50,000/month spend with base earn on eligible retail (after assumed 25% in excluded categories).
✓ Fee waived above ₹29,167/month, so all ₹4,500 is net value
First year bonus: +₹200 welcome value (not included above)
Reward earnings only: ~₹4,500/year on generic spend, or ₹7,425/year if you route ~₹3,750/month (~10% of eligible spend) through MYNTRA (7.5% partner rate). Partner premium: +₹2,925/year.
Assumptions used in this estimate▸
- • Reward earnings shown at the conservative redemption tier.
- • Assumes 25% of your spend lands in 9 excluded categories (fuel, rent, etc.) that earn ₹0: eligible spend used in the math above is ₹37,500/month.
Eligibility
Requirements you need to meet to apply for this card.
Data verified against Axis Bank official website · Last verified: 2026-05-09 · Terms & Conditions (MITC)
WhichWise does not accept payment for card placement or ratings. Fees, rates, and benefits may change. Always confirm with the issuer before applying.
Verified from the source
Key facts below are quoted verbatim from Axis Bank's own pages and documents, not paraphrased.
- Joining fee
“Joining fee ₹NIL (Limited period offer)”
Verified quote from axis.bank.in (issuer website) · fetched 2026-04-30 - Annual fee
“Annual Fee 2nd year Onwards: ₹500”
Verified quote from axis.bank.in (issuer website) · fetched 2026-04-30 - Annual fee waiver
“Annual fee waived off on annual spends greater than ₹3,50,000.”
Verified quote from axis.bank.in (issuer website) · fetched 2026-04-30 - Reward type
“Cashback Terms & Conditions – FLIPKART AXIS BANK Credit Card”
Verified quote from axis.bank.in (issuer brochure) · fetched 2026-04-28 - Base reward rate
“Earn unlimited 1% cashback on other eligible categories*”
Verified quote from axis.bank.in (issuer website) · fetched 2026-04-30 - Monthly rewards cap
“Flipkart* 5% INR 4000 per statement quarter”
Confirmed absent on axis.bank.in (issuer brochure) · fetched 2026-04-30 - Welcome bonus
“Flipkart Gift Vouchers will be sent to the registered mobile number within 30 days of the first transaction on the credit card.”
Verified quote from axis.bank.in (issuer brochure) · fetched 2026-04-28 - Forex markup
“Foreign currency transaction fee 3.5% of the transaction value”
Verified quote from axis.bank.in (issuer website) · fetched 2026-04-30
Interested in Flipkart Axis Bank?
Check the official page for the latest terms before applying.