Flipkart Axis Bank Credit Card Review: Myntra 7.5%, Capped Cashback

The Flipkart Axis Bank Credit Card pays 7.5% cashback on Myntra and 5% on Flipkart and Cleartrip, each capped at ₹4,000 per statement quarter, plus 4% at Swiggy, Uber and a few partners. The ₹500 fee plus GST is waived only on ₹3,50,000 of yearly spends, and there are no lounge visits. It suits regular Flipkart and Myntra shoppers, not people wanting one card for everything.

By Ramesh Kulkarni · Content Writer Updated 5 November 2026 Reviewed by BankCreds Financial Experts

Key facts

Joining fee: ₹500 + GST
Annual fee: ₹500 + GST. Annual fee (2nd year onward) waived on spends of INR 3,50,000 in the preceding card anniversary year; rent and wallet loads (Key Fact Sheet: also gift cards) do not count; spends counted by posting date.
Base reward: 1% cashback on other eligible spends, no cap (about 1% value)
Best category: Myntra: about 7.5% value
Lounge: Domestic: None (4 complimentary domestic lounge visits discontinued from 20 June 2025) International: None
Forex markup: 3.5% of the amount
Network: Not stated by the bank

Apply on Axis Bank's site

Opens the bank's own page for this card. Approval and the credit limit are the bank's decision.

In short

A simple, rewarding cashback card if Flipkart and Myntra take a big share of your spending, but its caps, exclusions and 3.5% forex fee make it a weak all-rounder.

Best for

Regular Myntra and Flipkart shoppers who stay under the ₹4,000 quarterly caps
Swiggy and Uber users who want an uncapped 4% back
People who prefer cashback on the statement to points

Skip it if

Most of your card spend is bills, rent, fuel or insurance, which earn nothing
You want lounge access or a low forex fee for travel

Highlights

Fee ₹500 plus GST, waived on ₹3,50,000 yearly spend
7.5% Myntra, 5% Flipkart and Cleartrip, ₹4,000 cap per quarter each
4% uncapped at Swiggy, Uber, PVR and Fitpass
No lounge visits since 20 June 2025

What the Flipkart Axis card is and who it suits

The Flipkart Axis Bank Credit Card is Axis Bank's cashback card with Flipkart, and its higher rates works on three brands of the group: Flipkart, Myntra and Cleartrip. Cashback goes straight to your statement, one rupee for one rupee. The card is active and open for applications. People who gets most from it already buy on Flipkart or Myntra every month and also use Swiggy or Uber, while someone paying mostly bills, rent and fuel earns almost nothing.

The three things that matter most

Quarterly caps. Myntra at 7.5%, Flipkart at 5% and Cleartrip at 5% are each capped at ₹4,000 per statement quarter, and every merchant have its own cap.
A waiver that needs real spending. The ₹500 annual fee goes only on ₹3,50,000 of spends in the previous card year.
No travel extras. Lounge visits stopped from 20 June 2025, and foreign currency spends cost 3.5% more.

What changed from 2024 to 2026

Axis revised the card three time since December 2024. On 20 December 2024 interest went to 3.75% a month from 3.6%, with new 1% fees on big utility, wallet, fuel and gaming spends. On 20 June 2025 Myntra rose to 7.5% from 1%, Flipkart and Cleartrip got the ₹4,000 cap, lounge visits ended and the welcome voucher fell from ₹500 to ₹250. From 28 August 2026 the currency conversion markup is 3.5%, up from 1.5%, with a new ₹1,300 late fee slab.

Fees and charges on the Flipkart Axis card

The joining fee is ₹500 and the annual fee from the second year is ₹500, with GST extra. At 18% GST that is ₹500 plus ₹90, so ₹590 each time. The Key Fact Sheet says the joining fee does not apply if you was given a lifetime-free card or a different fee on the application form. Add-on cards are free.

Will a normal spender get the fee waived?

The waiver needs ₹3,50,000 of spends in the preceding card anniversary year, which is ₹3,50,000 divided by 12, about ₹29,167 a month. Rent and wallet loads don't count, the Key Fact Sheet leaves out gift cards also, and spends count by posting date. At ₹15,000 a month for 12 months you reach ₹1,80,000, barely half, so for most users the ₹590 renewal is just the cost price of the card.

Interest, late fees and cash

Interest on a carried balance is 3.75% a month, or 55.55% a year. The late fee depends on the total due, from nil up to ₹500 of dues to ₹1,300 above ₹50,000. Cash withdrawals cost 2.5%, minimum ₹500, with interest from the same day.

Rent: 1% of each rent payment, plus GST.
Utility bills: 1% once a cycle's utility payments reaches ₹25,000.
Wallet loads and online gaming: 1% each from ₹10,000 a cycle; fuel 1% from ₹50,000; education through third-party apps 1%.
Foreign currency spends and rupee payments abroad: 3.5% each; cash bill payment at a branch: ₹175.

Flipkart Axis: fees and charges

Joining fee	₹500 + GST
Annual or renewal fee	₹500 + GST
Annual fee waiver	Annual fee (2nd year onward) waived on spends of INR 3,50,000 in the preceding card anniversary year; rent and wallet loads (Key Fact Sheet: also gift cards) do not count; spends counted by posting date.
Add-on card fee	Nil
GST	Charged on top of the fees and charges listed
In the bank’s words	Joining fee INR 500; annual fee INR 500 from the 2nd year, waived on INR 3,50,000 annual spends; add-on cards free; GST extra. Key Fact Sheet marks the joining fee with an asterisk: not applicable if a lifetime-free or different fee was given on the application form.
Interest on unpaid balances	Up to 3.75% a month (55.55% a year)
Late payment fee	Nil if total payment due is up to INR 500; INR 500 for INR 501 to 5,000; INR 750 for INR 5,001 to 10,000; INR 1,200 for INR 10,001 to 50,000; INR 1,300 if greater than INR 50,000; additional INR 100 if Minimum Amount Due is missed for two consecutive cycles, every cycle until MAD is cleared (MITC; INR 1,300 slab effective 28 Aug 2026)
Cash withdrawal	2.5% of the amount (minimum INR 500); interest at 3.75% per month from the date of withdrawal
Over-limit fee	2.5% of the over-limit amount, minimum INR 500
Forex markup	3.5% of the amount
Other fees	Rent transactions: 1% of each rent transaction (MCC 6513), plus GST Education payments via third-party apps: 1% per transaction (direct payments on the institution's website or POS exempt) Utilities: 1% on cumulative spends of INR 25,000 or more per statement cycle Wallet loads: 1% on cumulative spends of INR 10,000 or more per statement cycle Fuel: 1% on cumulative spends of INR 50,000 or more per statement cycle Online skill-based gaming: 1% on cumulative spends of INR 10,000 or more per statement cycle Foreign currency transaction fee: 3.5% of transaction value Dynamic currency conversion markup: 3.5% (INR transactions at overseas locations or with merchants registered abroad) Cash payment at branch: INR 175 per payment Cheque return / auto-debit reversal / SI or NACH failure: 2% of payment amount, minimum INR 500

How the cashback works

Myntra pays 7.5%, Flipkart's website and app 5% (not Flipkart Health) and Cleartrip 5%, each capped at ₹4,000 per statement quarter. Preferred partners pay 4% with no cap; right now these is Swiggy food delivery, Uber, PVR, Fitpass and Stoga by Fitpass, and Axis can change the list. Other eligible spends earn 1%, uncapped.

Filling the Myntra cap needs ₹4,000 divided by 7.5%, about ₹53,333 in a statement quarter; the Flipkart cap needs ₹4,000 divided by 5%, or ₹80,000. Most families never comes near that outside a sale month.

A transaction below ₹100 earn nothing, and cashback is rounded down per transaction.
Excluded: utilities, telecom, fuel, rent, wallet loads, insurance, education, government, gold, gift cards, EMI and cash; tolls too from 28 August 2026.
Cashback is credited 3 days before the next statement. No expiry is stated, but it is lost if the card is cancelled, converted or goes into default.

The welcome gift is a ₹250 Flipkart voucher for a first transaction within 30 days, only where joining fee was paid. No milestone benefits are there. The card page lists a 1% fuel surcharge waiver on ₹400 to ₹4,000, up to ₹400 a cycle, but the MITC list does not name this card, so check with Axis.

Example 1: light spender, ₹8,000 a month

₹3,000 on Flipkart at 5% is ₹150, ₹1,500 on Swiggy at 4% is ₹60 and ₹3,500 elsewhere at 1% is ₹35. That's ₹245 a month, or ₹2,940 a year. ₹8,000 times 12 is ₹96,000, so the fee stays: ₹2,940 minus ₹590 leaves ₹2,350.

Example 2: typical spender, ₹28,000 a month

₹8,000 on Flipkart gives ₹400, ₹3,000 on Myntra at 7.5% gives ₹225, ₹4,000 on Swiggy and Uber gives ₹160, ₹10,000 elsewhere gives ₹100 and ₹3,000 of bills gives zero. That is ₹885 a month, ₹10,620 a year. ₹28,000 times 12 is ₹3,36,000, short of the waiver by ₹14,000, so after ₹590 you net ₹10,030.

Example 3: heavy spender, ₹60,000 a month

This person put ₹35,000 a month on Flipkart, ₹6,000 on Myntra, ₹4,000 on Cleartrip, ₹5,000 on partners and ₹10,000 elsewhere. Times three for a quarter: Flipkart ₹1,05,000 at 5% would be ₹5,250 but the cap holds it at ₹4,000, Myntra ₹18,000 gives ₹1,350, Cleartrip ₹12,000 and partners ₹15,000 give ₹600 each, and ₹30,000 at 1% gives ₹300. That is ₹6,850 a quarter, ₹27,400 a year. ₹60,000 times 12 is ₹7,20,000, so the fee is waived from year two. We counted nothing on Flipkart spend over the cap, since the terms don't say it earns 1%.

Spender	Monthly spend	Yearly cashback	Fee that year	Net gain
Light	₹8,000	₹2,940	₹590	₹2,350
Typical	₹28,000	₹10,620	₹590	₹10,030
Heavy	₹60,000	₹27,400	Waived from year two	₹27,400

Flipkart Axis: higher-reward categories

Category	Rate	Cap
Myntra	7.5% cashback, about 7.5% value	INR 4,000 per statement quarter, ₹4,000, statement quarter
Flipkart (website and app, excluding Flipkart Health)	5% cashback, about 5% value	INR 4,000 per statement quarter, ₹4,000, statement quarter
Cleartrip	5% cashback, about 5% value	INR 4,000 per statement quarter, ₹4,000, statement quarter
Preferred merchants: Swiggy (food delivery only), Uber, PVR, Fitpass, Stoga by Fitpass (list subject to change)	4% cashback, about 4% value	Unlimited

Flipkart Axis: how rewards work

Earned as	cashback
Base rate	1% cashback on other eligible spends, no cap. About 1% value back
Minimum spend rules	Cashback not applicable on transactions below INR 100; cashback rounded down per transaction; credited 3 days before the next statement date.
No rewards on	Utility services Telecom Fuel Jewellery, clock, watch and silverware stores Gold in any form Insurance Financial institutions / cash advances Rent Wallet loads Education Government services Gift cards on Flipkart and Myntra EMI transactions and purchases converted to EMI Payment of outstanding balance, card fees and charges
Lower rewards on	None published
Value of a point	Statement credit (cashback): Cashback credited directly to the card statement (INR 1 = INR 1).
Redemption fee	None (card page: reward redemption fee 'No')
Expiry	No expiry stated; unused cashback is forfeited on card cancellation, conversion to another Axis card, default (MAD unpaid by due date) or breach of the cardmember agreement. Quarterly cashback surplus kept for EMI/refund adjustments is written off at the end of the following quarter.
Welcome benefits	Flipkart voucher worth INR 250 on the first transaction within 30 days of issuance (paid cards only; not for first-year-free cards) 50% off up to INR 100 on Swiggy food orders for first-time Swiggy users (code AXISFKNEW), all cards
Milestone benefits	None published
Lounge access	Domestic: None (4 complimentary domestic lounge visits discontinued from 20 June 2025) International: None
Fuel surcharge waiver	1% fuel surcharge waiver at all fuel stations in India on transactions of INR 400 to INR 4,000; maximum INR 400 per statement cycle; GST on surcharge not refunded; no cashback on fuel (card page)
Insurance cover	Not published by the bank

Eligibility, documents and how to apply

The main cardholder must be 18 to 70 years old and a resident of India. Axis publishes no income requirement for this card; its general listing mention a minimum income of ₹15,000 a month and calls such criteria indicative.

Keep a PAN card copy or Form 60, income proof (latest payslip, Form 16 or income tax return) and address proof such as a driving licence or electricity bill. Apply on Axis's website form: choose the card, give your mobile number and PAN or date of birth, see the offer and verify by OTP. The Axis Mobile app and branches also take applications.

What Axis looks at

Under the RBI's 2025 card Directions the bank have to judge your credit risk itself, from your independent financial means, and set the limit after counting limits you hold with other lenders. Credit history matters; Experian scores run from 300 to 900, and above 750 is generally seen as good. You get a one-page Key Fact Statement with the application, and if Axis reject it, it must give the specific reasons in writing.

Approval is Axis's decision alone. For help once you hold the card, see our Axis Bank customer care page.

Flipkart Axis: eligibility and documents

Age (salaried)	18 to 70 years
Age (self-employed)	18 to 70 years
Income (salaried)	Not stated on the card page
Income (self-employed)	Not stated on the card page
Other conditions	Resident of India. Axis general criteria: minimum income INR 15,000 per month.
Documents	PAN card photocopy or Form 60 Income proof: latest payslip, Form 16 or IT return Residence proof: driving licence, electricity bill or landline telephone bill
How to apply	Online through the Axis Bank website application form (choose the card, enter mobile number and PAN or date of birth, check eligibility and offers, verify by OTP), through the Axis Mobile app, or at an Axis Bank branch. FD-backed 'Easy' cards are applied for online by booking an FD (Video KYC for non-customers). Some co-brand cards are applied for through the partner's app (Airtel Thanks app for Airtel Axis; Google Pay for Google Pay Flex; Fibe; Scapia).
Card customer care	1800 4030 / 1800 8911 (toll free; Retail Phone Banking)

These are the bank's published conditions. Meeting them does not guarantee a card: approval and the credit limit are the bank's decision.

Flipkart Axis against other shopping cashback cards

The CASHBACK SBI Card costs ₹999 plus GST and is reversed on ₹2,00,000 of annual spends, a lower bar than ₹3,50,000 here. It pays 5% on online spends with no merchant restriction, capped at ₹2,000 per statement cycle, and 1% offline up to another ₹2,000. It suits a person who shop on many sites every month.

The Amazon Pay ICICI Bank card has no joining or annual fee. It gives 5% on Amazon for Prime members, 3% for others, 2% at Amazon Pay partner merchants and 1% elsewhere with no cap stated, and its forex markup is 1.99% against 3.5% here. But it is invite only and needs monthly income of ₹30,000.

The Standard Chartered Smart card costs ₹499 plus GST, first year waived for new SC customers, renewal reversed at ₹1,20,000. Online spends earn 2% up to ₹1,000 a cycle and offline 1% up to ₹500. None of the four cards gives lounge visits, and only Amazon Pay ICICI has a lower forex markup.

Which one to pick

Take Flipkart Axis if Flipkart and Myntra is your main stores. Amazon Pay ICICI fits a Prime household with the invite, the SBI card fits spending spread over many sites, and SC Smart fit a lighter spender. See more in our credit card comparison, the Axis Bank card lineup and the credit cards hub.

Flipkart Axis against similar cards

Term	Flipkart Axis Bank Credit Card This card	CASHBACK SBI Card	Amazon Pay ICICI Bank Credit Card	Smart Credit Card
Bank	Axis Bank	SBI Card	ICICI Bank	Standard Chartered
Joining fee	₹500 + GST	₹999 + GST	Nil	₹499 + GST
Annual fee and waiver	₹500 + GST. Annual fee (2nd year onward) waived on spends of INR 3,50,000 in the preceding card anniversary year; rent and wallet loads (Key Fact Sheet: also gift cards) do not count; spends counted by posting date.	₹999 + GST. Renewal Fee is reversed if annual spends for last year >= Rs. 2,00,000.	Nil	₹499 + GST. Renewal fee reversed for spends of Rs 1,20,000 or more in the preceding year. First-year fee of Rs 499 + GST waived as a special offer for new SC credit card customers.
Base reward	1% cashback on other eligible spends, no cap (about 1% value)	1% cashback on offline (POS at merchant outlets) spends, max Rs (about 1% value)	1% Reward Points on all purchases on non-Amazon platforms (about 1% value)	1% cashback on other (offline) spends, up to Rs 500 per statement cycle (about 1% value)
Best category	Myntra: about 7.5% value	Online spends: about 5% value	Amazon.in purchases, Amazon Prime members: about 5% value	Online spends: about 2% value
Lounges	Domestic: None (4 complimentary domestic lounge visits discontinued from 20 June 2025) International: None	Domestic: None listed on card page International: None listed on card page	Domestic: None stated on card page International: None stated on card page	Domestic: None listed International: None listed
Forex markup	3.5% of the amount	3.5% of the amount	1.99% of the amount	3.5% of the amount
Network	Not stated by the bank	Visa	Visa	Visa
Published minimum income	Not stated on the card page	Stable income; SBI Card says the specific minimum varies by card and does not...	₹30,000 a month	Stable monthly income (no figure published)
Status	Taking applications	Taking applications	Taking applications	Taking applications

Frequently asked questions

What is the annual fee on the Flipkart Axis Bank card and how is it waived?

The joining fee is ₹500 and the annual fee from the second year is ₹500, both plus GST. Axis waives the annual fee if you spent ₹3,50,000 in the preceding card anniversary year. Rent and wallet loads do not count, and the Key Fact Sheet also excludes gift cards.

How much is Flipkart Axis cashback worth?

Cashback is credited to your statement at full value, so ₹1 of cashback cuts your bill by ₹1, with no redemption fee. You earn 7.5% on Myntra, 5% on Flipkart and Cleartrip with a ₹4,000 cap per statement quarter each, 4% uncapped at partners such as Swiggy and Uber, and 1% elsewhere.

Who is eligible for the Flipkart Axis Bank Credit Card?

The primary cardholder must be 18 to 70 years old and a resident of India. Axis publishes no income figure for this card; its general listing gives ₹15,000 a month as the minimum income for its cards and calls that indicative. Approval is the bank's decision.

Does the Flipkart Axis card give lounge access or low forex charges?

No on both counts. The four complimentary domestic lounge visits were discontinued from 20 June 2025, and there is no international lounge benefit. Foreign currency spends carry a 3.5% fee, and since 28 August 2026 rupee payments abroad or to merchants registered abroad carry a 3.5% conversion markup, plus GST.

What changed on the Flipkart Axis card in 2025?

From 20 June 2025 Myntra cashback rose to 7.5% from 1% with a ₹4,000 cap per statement quarter, while Flipkart and Cleartrip stayed at 5% but each got the same quarterly cap. Axis also ended the four domestic lounge visits and cut the welcome voucher from ₹500 to ₹250 for new cards.

Is the ₹4,000 cashback cap shared between Flipkart, Myntra and Cleartrip?

No. Each of the three merchants has its own cap of ₹4,000 per statement quarter, so you could earn up to ₹4,000 on each in the same quarter. The quarter follows your statement date, not the calendar. The 4% partner cashback and the 1% base cashback have no cap at all.

Sources

Axis Bank: Most Important Terms and Conditions (MITC), PDF dated 8 October 2026; Key Fact Sheet (schedule of charges), last updated 8 October 2026; Cashback Terms & Conditions - FLIPKART AXIS BANK Credit Card; Revision of FLIPKART AXIS BANK Credit Card Terms and Conditions (effective 20 June 2025); Flipkart Axis Bank Credit Card page; Preferred Partners for Flipkart Axis Bank Credit Card (image PDF: Fitpass, Stoga by Fitpass, PVR, Swiggy, Uber); Axis Bank Contact Us; Axis Bank credit card listing page; Axis Bank Magnus Credit Card page
Business Today: New rules for Axis Bank credit cards valid from December 20

Last verified: 5 November 2026

Written by Ramesh Kulkarni, reviewed by BankCreds Financial Experts

BankCreds does not sell cards or take applications. Fees and rewards change; the bank's own terms on the day you apply are what count, and approval is the bank's decision.