Flipkart Axis Bank Credit Card from Axis Bank

Flipkart Axis Bank Credit Card review

Axis Bank · Mastercard · cashback Official sources Checked 30 Oct 2026

At a glance

Annual fee: ₹500
Joining fee: ₹500
Fee waiver: ₹3,50,000 a year
Base return: 1% base
Point value: ₹1 per point
Domestic lounge: None found
International lounge: None found

Estimated net value a year

Profile	Net	% of spend
First card, light spender ₹15k a month	₹1,632	0.9%
Metro salaried ₹60k a month	₹9,402	1.3%
Family household ₹80k a month	₹10,224	1.1%
Frequent flyer ₹1.5L a month	₹24,876	1.4%
Online shopper ₹50k a month	₹10,200	1.7%
Rent-heavy ₹90k a month	₹6,780	0.6%

Fee maths: The ₹500 annual fee is waived at ₹3,50,000 a year of eligible spend, about ₹29,200 a month. Of our 6 profiles, 5 clear it; on first card, light spender you would pay the fee, which is 23% (₹2,132) of what that profile earns before the fee. On our 6 profiles it nets from ₹1,632 (first card, light spender) to ₹24,876 (frequent flyer), equal to 0.6% to 1.7% of spend across the profiles. Without a waiver, the metro salaried category mix earns back the fee from about ₹3,500 a month of total spend.

After fees and caps, best-case redemption. Use your own spend.

Our take: A good fit if Flipkart, Myntra or Swiggy are where your online money goes: 5% on Flipkart and Cleartrip (a ₹4,000 cashback cap per quarter for each), 7.5% on Myntra, 4% on Swiggy and 1% elsewhere. The ₹500 fee is waived only at ₹3.5 lakh a year. Utilities, fuel, rent and wallet loads are excluded, and Axis has already changed the terms: tolls and bridge or road fees were added to the exclusions from 28 August 2026 (gift cards were already excluded), and aggregators report that lounge access was removed in June 2025 (we found no Axis document confirming that). Read the current notice before applying.

From the card's terms: strengths

Capped category-wide rate: about 5% on Flipkart
Up to about 5% at partner merchants, subject to caps

Reward rates and caps

Spend category	Points per ₹100	Value per ₹100	Cap	Notes
Flipkart	5	₹5	₹4,000 a quarter	5% on Flipkart (app/site, excl. Flipkart Health), ₹4,000 cashback cap per statement quarter. Myntra earns 7.5% (separate ₹4,000 quarterly cap) - not modelled by a separate category; treat as upside.
Flights & hotels	5	₹5	₹4,000 a quarter	5% ONLY on Cleartrip (separate ₹4,000 quarterly cap per merchant). Other travel earns 1%.
Dining & food delivery	4	₹4	No cap found	4% only on Swiggy food delivery app (not Instamart/Genie) per official T&C 'preferred merchants'; uncapped. Other dining 1%.
Entertainment & OTT	4	₹4	No cap found	4% listed only for preferred merchants (PVR/FitPass per aggregators; preferred-merchant list PDF not retrievable). Other entertainment 1%.
Fuel, Bills & utilities, Rent	0	₹0	No cap found	Excluded MCCs: utilities, telecom, fuel, rent, insurance, education, government, wallets, jewellery, financial institutions.
Everything else, Amazon, Other online shopping, Groceries	1	₹1	No cap found	1% on all other eligible spends, uncapped. Min transaction ₹100; gift cards on Flipkart/Myntra, EMI, gold excluded.

Point value: Cashback credited to statement; 1 point = ₹1.

Excluded or reduced

Utilities
Telecom
Fuel
Rent
Insurance
Education
Government
Wallet loads
Jewellery/gold
Financial institutions
Gift cards on Flipkart/Myntra
EMI transactions
From 28 Aug 2026: bridge fees, road fees and tolls (official Axis notice); gift cards were already excluded and are now listed as a separate category

Other benefits

Welcome: Reported ₹250 Flipkart voucher + ₹100 Swiggy discount (aggregator; may be reduced).
Renewal: None
1% fuel surcharge waiver ₹400-4,000
Forex markup 3.5%
Smart Store bills/recharges earn 1% only

Eligibility

Aggregator: salaried ₹15,000+/month; self-employed above ₹30,000/month. not confirmed in an issuer document: check the application page

Reported rule changes

28 Aug 2026: Axis Bank: changes effective 28 August 2026 (tolls, DCC markup, lounges) official

Where it ranks

#4 in Best credit cards for Flipkart

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FAQ

What is the annual fee of the Flipkart Axis Bank Credit Card?

₹500 a year, waived at ₹3,50,000 annual spend. Fees exclude 18% GST.

How do Flipkart Axis Bank Credit Card rewards work?

1% base, up to 5% on Flipkart. Cashback credited to statement; 1 point = ₹1.

Does the Flipkart Axis Bank Credit Card give airport lounge access?

We did not find lounge access on this card in the sources we checked.

Who is the Flipkart Axis Bank Credit Card best suited to?

A good fit if Flipkart, Myntra or Swiggy are where your online money goes: 5% on Flipkart and Cleartrip (a ₹4,000 cashback cap per quarter for each), 7.5% on Myntra, 4% on Swiggy and 1% elsewhere. The ₹500 fee is waived only at ₹3.5 lakh a year. Utilities, fuel, rent and wallet loads are excluded, and Axis has already changed the terms: tolls and bridge or road fees were added to the exclusions from 28 August 2026 (gift cards were already excluded), and aggregators report that lounge access was removed in June 2025 (we found no Axis document confirming that). Read the current notice before applying. The ₹500 annual fee is waived at ₹3,50,000 a year of eligible spend, about ₹29,200 a month. Of our 6 profiles, 5 clear it; on first card, light spender you would pay the fee, which is 23% (₹2,132) of what that profile earns before the fee. On our 6 profiles it nets from ₹1,632 (first card, light spender) to ₹24,876 (frequent flyer), equal to 0.6% to 1.7% of spend across the profiles.