Flipkart Axis Bank Credit Card, Rewards and Benefits, Joining Fees Charges, Apply Online

Flipkart Axis Bank Credit Card: The co-branded offering by HDFC and Paytm, known as the HDFC Paytm Credit Card, is another prominent option in India’s credit card market. This card is tailored for users who frequently engage with Paytm’s diverse range of services, including bill payments, recharges, shopping, and more.

Similar to the Flipkart Axis Bank Credit Card, the HDFC Paytm Credit Card provides attractive cashback benefits. Users can earn cashback on various transactions, including those made on Paytm as well as other spending categories. The card also offers exclusive benefits such as discounts on movie tickets, dining, and shopping vouchers.

Moreover, the HDFC Paytm Credit Card provides users with access to Paytm First, a premium subscription service that offers additional benefits such as cashback on fuel transactions, priority customer support, and exclusive deals on Paytm Mall.

In terms of fees and charges, the HDFC Paytm Credit Card typically comes with an annual fee, which may be waived off based on spending criteria. Additionally, like most credit cards, it offers features such as zero lost card liability, EMI options, and contactless payments for added convenience and security.

To determine which card is more suitable for your needs, it’s essential to consider your spending habits and preferences. If you are a frequent shopper on Flipkart and prefer its ecosystem, the Flipkart Axis Bank Credit Card may be the better choice due to its specific benefits tailored towards Flipkart transactions. On the other hand, if you use Paytm extensively for various services and transactions, the HDFC Paytm Credit Card might offer better value with its cashback rewards and access to Paytm First benefits.

Fees	Joining Fee-Rs. 500+ GST Renewal Fee- Rs. 500+ GST
Best Suited For	Shopping
Reward Type	Reward Points
Welcome Benefits	Introductory Benefits Worth Rs. 600 on Card Issuance

Rewards and Benefits

Reward Rates

• Cardholders can earn 5% cashback on Flipkart purchases, 4% cashback on preferred partners such as Swiggy, Uber, PVR, and cult.fit, and 1% cashback on all other spends. This rewards program allows cardholders to maximize their savings on everyday and preferred purchases.

Reward Redemption

• Axis Bank provides a seamless reward redemption process, allowing cardholders to easily redeem their accrued rewards for a variety of options, including statement credits, gift cards, merchandise, and more.

Travel Benefits

• Cardholders can benefit from accelerated cashback of 4% on Uber rides, making travel more rewarding and cost-effective.

Lounge Access

• With this card, cardholders can enjoy the luxury of 1 free domestic airport lounge access every quarter, totaling 4 accesses per year. This feature enhances the travel experience by providing a comfortable and relaxing environment while waiting for flights.

Insurance and Protection

• Axis Bank provides comprehensive insurance benefits and zero liability protection, ensuring cardmembers are safeguarded against unauthorized transactions and providing peace of mind.

Fees & Charges

Exclusive Benefits of Axis Bank Credit Cards

Axis Bank offers an array of exclusive benefits for its credit card holders, including annual fee waivers, rewards programs, reduced fees and charges, and more. Here’s a detailed overview of the benefits:

Annual Fee Waiver

• The annual fee of Rs. 12,500 + Taxes can be waived off on spending Rs. 25 Lakhs in the preceding year. For Magnus Credit Card for Burgundy holders, the annual fee of Rs. 30,000 + Taxes is waived off on spending Rs. 30 Lakhs in the preceding year. 1

Reduced Fees & Charges

• Axis Bank offers reduced fees and charges, including an interest rate of 3%, a forex mark-up of 2%, no cash withdrawal charges, and a fuel surcharge waiver. 1

Rewards Program

• Cardholders can earn EDGE Reward Points for every INR 200 spent, with additional rewards for travel portal transactions. However, certain categories are not eligible for reward points.

Welcome Benefits

• The Flipkart Axis Bank Credit Card offers Rs. 600 worth of activation benefits. Additionally, cardholders can earn unlimited cashback on Flipkart and preferred merchant spends.

Annual Spends Waiver

• The annual fee is waived on spends of Rs. 3.5 lakhs.

Foreign Currency Markup

• A foreign currency transaction fee of 3.5% of the total amount is applicable.

Interest Rates

• The bank charges an interest rate of 3.6% per month (52.86% annually).

Fuel Surcharge

• Cardholders can enjoy a 1% fuel surcharge waiver on transactions between Rs. 400 & Rs. 4,000, capped at Rs. 400 per month.

Cash Advance Charges

• Axis Bank charges 2.5% (Min. Rs. 500) of the withdrawn amount as cash advance charges. 3

Add-on Card Fee

• The bank does not charge any add-on card fee.

In conclusion, Axis Bank’s credit cards offer a range of benefits, including fee waivers, rewards programs, reduced charges, and more, making them a valuable choice for individuals looking for comprehensive and rewarding financial solutions.

Product Details

• Embark on your financial journey with a host of exciting benefits and rewards from our exclusive card. Enjoy a warm welcome with gifts worth Rs. 600, setting the tone for a rewarding experience ahead.
• Shop with confidence and earn rewards on every purchase. Get 5% cashback on Flipkart, your go-to destination for all things shopping. Plus, enjoy 4% cashback on preferred partners such as Swiggy, Uber, PVR, TATA PLAY, and cult.fit, ensuring savings on your everyday essentials and indulgences. For all other retail spends, receive 1% cashback, with only a few exceptions, making every purchase count towards your rewards.
• Experience luxury and comfort while traveling with our complimentary airport lounge access. Indulge in four complimentary visits within India by simply spending Rs. 50,000 in the previous three months. Relax and unwind before your flight, enjoying the premium amenities and services offered at the lounge.
• Drive hassle-free with our fuel surcharge waiver across petrol pumps in India. Enjoy a 1% waiver on fuel surcharge for purchases worth Rs. 400 and Rs. 4,000, with a maximum waiver of Rs. 400 per statement cycle. Say goodbye to surcharge fees and enjoy savings every time you fuel up.

Pros/Cons

Pros:

The Flipkart Axis Bank Credit Card offers an impressive reward rate of 5% on all purchases made on Flipkart, a leading e-commerce platform. Additionally, cardholders can enjoy a favorable reward rate of 4% on transactions at partner merchants such as Swiggy, Uber, PVR, and cult.fit.
One advantageous feature of the Flipkart Axis Credit Card is its cashback rewards, which are directly adjusted against the card’s statement balance every month. Moreover, there is no upper limit on the amount of cashback that can be earned in a given month.

Cons:

While the Flipkart Axis Bank Credit Card is ideal for online shopping enthusiasts, especially for those who prefer using Flipkart for most purchases, it may not be the best choice for individuals who frequently shop offline at malls or small retail stores. This is because the card offers a cashback of only 1% on offline spends.
Another drawback of the Flipkart Axis Bank Credit Card is the absence of insurance benefits such as air accident cover or coverage against loss/delay of luggage. This may be a significant factor for individuals seeking comprehensive insurance coverage with their credit card.

Flipkart Axis Bank Credit Card Cashback

Cashback Rewards

• Earn an unlimited 5% cashback on all purchases made on Flipkart, making your online shopping experiences even more rewarding.
• Enjoy an unlimited 4% cashback on transactions with preferred partners, including Swiggy, Uber, Cleartrip, PVR, and cult.fit.
• Receive an unlimited 1.5% cashback on other eligible categories, ensuring that every spend earns you valuable rewards.

Airport Lounge Access

• Revel in the luxury of 4 complimentary lounge visits at select airport lounges within India per calendar year, adding comfort and relaxation to your travel experiences.

Fuel Surcharge Waiver

• Benefit from a 1% fuel surcharge waiver on fuel purchases at all fuel stations across India, with a maximum benefit of up to Rs. 400 per statement cycle. Please note that no cashback is earned on fuel transactions.

Dining Delights

• Indulge in delectable cuisines with the Axis Bank Dining Delights program, offering up to 15% off at over 10,000 partner restaurants across India with EasyDiner, ensuring delightful dining experiences.

Welcome Benefits

• Enjoy Rs. 600 worth of activation benefits on your Flipkart Axis Bank Credit Card, enhancing the value of your card from the very beginning.

Fee Structure

• Joining Fee: Rs. 500
• Annual Fee: Rs. 500 from the 2nd year onwards, with an annual fee waiver on spends greater than Rs. 3.5 lakhs.
• Finance Charges: 3.6% per month (52.86% per annum)
• Cash Withdrawal Fees: 2.5% (Min. Rs. 500) of the cash amount

Cashback Exclusions and Considerations

• Please note that cashback is not applicable to certain categories of transactions, including fuel spends, rental payments, insurance, utilities, and education payments. Additionally, purchases of gift cards on Flipkart or Myntra, transactions converted to EMI, wallet reloads, and payment of card fees or government services are not eligible for cashback.

Considerations for Card Application

Who Should Apply for the Flipkart Axis Bank Credit Card?

• This card is suitable for online shoppers who favor Flipkart and Myntra for their purchases, and who frequently utilize Swiggy and Uber for food delivery and transportation. It’s also beneficial for individuals satisfied with the available airport lounge access.

Other Options to Consider

• If you prefer Amazon over Flipkart for online shopping, or if you engage in significant offline shopping, you may want to explore alternative credit card options. Additionally, if you seek a card with more extensive insurance benefits or require additional airport lounge access, other cards may better suit your needs. 2

Similar Credit Cards

• The Flipkart Axis Bank Credit Card competes with other credit cards that offer high reward rates for transactions at specific online merchants. Some comparable cards include the Amazon Pay ICICI Bank Credit Card and Paytm HDFC Bank Credit Card. Each of these cards presents unique advantages and may better align with specific spending preferences.

Features	Flipkart Axis Bank Credit Card	Amazon Pay ICICI Credit Card	Paytm HDFC Bank Credit card
Reward Structure	Cashback- adjusted every month against the card’s statement balance	Cashback as Amazon Pay balance	Cashback- credited to Paytm wallet
Reward Rate With Partners	5% cashback on spends on Flipkart 4% cashback on spends at partner merchants, including Swiggy, Uber, PVR, and cult.fit.	5% cashback on Amazon India for Amazon Prime members and 3% cashback for non-prime members.	3% cashback on Paytm (Mall, Movies, and Mini apps). 2% cash back on all other Paytm spends.
Reward Rate On Other Spends	1%	1%	1%
Cashback Max Cap	No max capping applicable	No max capping applicable	No max capping applicable
Additional Benefits	4 complimentary domestic airport lounge access every year. Up to 20% off at partner restaurants under Axis Bank’s Dining Delights program.	Minimum 15% discount at partner restaurants under ICICI’s Culinary Treats Program.	Additional 1% cashback (up to Rs. 100) every month on spending a minimum of Rs. 10,000 in the month.
Membership Fee	Rs. 500 per annum, waived off on a minimum annual expenditure of Rs. 3.5 lakh	Nil	Rs. 49 per month, waived off on a monthly expenditure of a minimum of Rs. 5,000.