Flipkart Axis Bank Credit Card Review
The Flipkart Axis Bank Credit Card is the obvious cashback card for anyone whose online shopping leans on Flipkart and Myntra. It pays a strong 5% on Flipkart and 7.5% on Myntra, 4% on a useful set of partner apps, and 1% on everything else — as automatic statement credit. In 2026 it went through a notable devaluation: complimentary lounge access was dropped and quarterly caps were added to the headline categories. It’s still excellent for Flipkart-first shoppers, but the value is now more capped than it used to be. Here’s the in-depth, numbers-first review.
- 5% on Flipkart & Cleartrip and 7.5% on Myntra — top rates for those platforms
- 4% on Swiggy, Uber, PVR and cult.fit — uncapped
- 1% on other eligible spends, automatic statement credit
- Low ₹500 fee, waived at ₹3.5 lakh annual spend
- ₹250 Flipkart welcome voucher
- Easy eligibility (18–70, resident)
- 2026 devaluation removed complimentary airport lounge access
- 5%/7.5% are now capped at ₹4,000 per quarter per merchant
- Long exclusion list — utilities, telecom, fuel, rent, wallet, insurance, gold, education, government
- Higher ₹3.5 lakh waiver threshold than some rivals
- ~3.5% forex markup — not for international use
- Value collapses if you don’t shop Flipkart/Myntra
Fees & charges
| Item | Charge |
|---|---|
| Joining fee | ₹500 + GST |
| Annual (renewal) fee | ₹500 + GST — waived on ₹3.5 lakh annual spend (excl. rent/wallet) |
| Welcome benefit | ₹250 Flipkart voucher on first transaction |
| Forex markup | ~3.5% |
| Cash advance fee | 2.5% (min ₹500) |
| Fuel surcharge waiver | 1% on ₹400–₹4,000 (max ₹400/month) |
Eligibility & documents
Age
18 to 70 years
Residency
Resident Indian; salaried or self-employed
Recommended CIBIL
~720+ improves approval odds
Network
Visa
Credit limit
Set by Axis based on profile
Documents
PAN, Aadhaar, income proof, address proof
Cashback structure — the real math
Cashback is automatic statement credit. The tiers (post-2026 revision):
- Myntra (7.5%): capped at ₹4,000 cashback per statement quarter.
- Flipkart & Cleartrip (5%): capped at ₹4,000 per quarter, per merchant.
- Preferred partners (4%): Swiggy, Uber, PVR, cult.fit — unlimited.
- Everything else eligible (1%): unlimited.
- Excluded: utilities, telecom, fuel, rent, wallet loads, insurance, gold/jewellery/watches, education, government, financial institutions.
The ₹4,000/quarter cap on Flipkart means the 5% maxes out at ₹80,000 of Flipkart spend per quarter — generous for most, but worth knowing during big sales. The 7.5% on Myntra (also ₹4,000/quarter) is one of the highest fashion-shopping rates available. Beyond the caps, those categories drop to 1%.
Worked scenarios — what you’d actually earn
| Profile | Flipkart/Myntra | Partners + other | Approx. yearly |
|---|---|---|---|
| Light shopper | ₹4,000/mo Flipkart → ₹200 | ₹10,000 → ~₹150 | ~₹4,200 |
| Typical shopper | ₹10,000/mo Flipkart+Myntra → ₹600 | ₹15,000 → ~₹300 | ~₹10,800 |
| Heavy (sale season) | at quarterly caps → ₹8,000/qtr | ₹25,000/mo → ~₹400+ | ~₹17,000+ |
Even a light Flipkart shopper clears the ₹500 fee several times over. Heavy users should time big Flipkart/Myntra purchases to spread across quarters so they don’t waste spend above the ₹4,000/quarter caps.
How to maximise it
- Route all Flipkart, Myntra and Cleartrip spend here for the 5–7.5% — that’s the card’s core.
- Spread big-sale purchases across quarters to stay under the ₹4,000/quarter caps.
- Use it for Swiggy/Uber/PVR/cult.fit at 4% (uncapped).
- Don’t use it for the excluded categories (utilities, fuel, rent, insurance) — they earn nothing.
- Pair it with a flat card (for offline/bills) and an Amazon card if you shop both marketplaces.
Key benefits
- Best-in-class rates for Flipkart and Myntra shoppers
- 4% uncapped on a genuinely useful partner set (Swiggy/Uber/PVR/cult.fit)
- Statement-credit cashback — no points to redeem
- Low, easily-waived ₹500 fee + ₹250 welcome voucher
- 1% fuel-surcharge waiver
Usage terms & fine print
Lounge
Removed in 2026 — no complimentary airport lounge access.
Category caps
5% Flipkart/Cleartrip & 7.5% Myntra each capped ₹4,000/quarter.
Exclusions
Utilities, telecom, fuel, rent, wallet, insurance, gold, education, government.
Forex
~3.5% markup.
Fee waiver
₹500 waived at ₹3.5 lakh spend (excl. rent/wallet).
Cashback form
Auto statement credit.
Compared with alternatives
| Card | Best rate | Fee | Edge |
|---|---|---|---|
| Flipkart Axis | 5% Flipkart / 7.5% Myntra | ₹500 | Flipkart + Myntra + partners |
| Amazon Pay ICICI | 5% Amazon (Prime) | Lifetime free | Amazon + low forex |
| Cashback SBI | 5% all online | ₹999 (waivable) | Any online merchant |
| Axis ACE | 1.5% flat / 5% bills | ₹499 | Offline + bills + lounge |
Match the card to your marketplace: Flipkart/Myntra shoppers want this; Amazon shoppers want Amazon Pay ICICI; and for 5% across all online stores, Cashback SBI is the broader option. Many people hold the relevant co-brand card plus a flat base card.
Who this card is for
- Best fit: regular Flipkart and Myntra shoppers who want the highest cashback on those platforms.
- Best fit: users of Swiggy/Uber/PVR/cult.fit who’ll capture the uncapped 4%.
- Skip if: you shop mostly on Amazon, want lounge access (now removed), or spend heavily on excluded categories.
How to apply & how to cancel
Apply: via axisbank.com, the Axis app, or Flipkart; existing customers often see pre-approved offers. Eligibility is among the more accessible Axis cards.
Cancel: call Axis customer care or request closure after clearing dues. Cashback is statement credit, so there’s nothing to redeem before closing.
Final verdict
The Flipkart Axis Bank Credit Card remains the go-to cashback card for Flipkart and Myntra shoppers, with strong 5–7.5% rates and a useful 4% partner set, all at a low waivable fee. The 2026 devaluation — losing lounge access and adding ₹4,000/quarter caps — has clipped its wings, but for someone whose online spend genuinely centres on Flipkart/Myntra, it’s still one of the most rewarding cards you can hold. Pair it with an Amazon card and a flat base card and you’ve got most of Indian online retail covered cheaply. If Flipkart isn’t your store, look elsewhere.
Frequently asked questions
What cashback does the Flipkart Axis card give?
5% on Flipkart & Cleartrip and 7.5% on Myntra (each capped ₹4,000/quarter per merchant), 4% on Swiggy/Uber/PVR/cult.fit (unlimited), and 1% on other eligible spends — as statement credit.
Does it still have lounge access?
No — complimentary airport lounge access was removed in the 2026 revision.
What is the annual fee and waiver?
₹500 + GST joining and renewal, with the renewal waived on ₹3.5 lakh annual spend (excluding rent and wallet loads).
What are the caps?
The 5% (Flipkart/Cleartrip) and 7.5% (Myntra) categories are each capped at ₹4,000 cashback per statement quarter, per merchant. The 4% partners and 1% base are uncapped.
What’s excluded from cashback?
Utilities, telecom, fuel, rent, wallet loads, insurance, gold/jewellery, education, government and financial-institution transactions.
Flipkart Axis or Amazon Pay ICICI?
Match it to where you shop — this card for Flipkart/Myntra, Amazon Pay ICICI for Amazon. Many people hold both.
Is it good for international use?
No — the ~3.5% forex markup makes it expensive abroad.
Data current as of June 2026 and cross-checked against Axis Bank’s official page and independent aggregators. Cashback rates, caps and benefits change periodically — always confirm current terms on axisbank.com before applying.