Flipkart SBI Card vs Flipkart Axis Bank Card: Whose Caps Pay More?

The Flipkart SBI Card and the Flipkart Axis Bank Credit Card share a ₹500 fee, a ₹3.5 lakh waiver and the same 7.5% on Myntra, 5% on Flipkart and Cleartrip and 1% elsewhere, so the issuer's small print decides. Axis gives each of the three stores its own ₹4,000 cap per statement quarter and pays an uncapped 4% on Swiggy food orders, while SBI Card does not say whether its ₹4,000 quarterly limit is shared, pays 4% at Zomato instead and still pays 1% on utility bills.

By Anjali Bhargawa · Content Writer Updated 5 November 2026 Reviewed by BankCreds Financial Experts

In short

Flipkart Axis Bank is the safer pick for heavy Flipkart and Myntra shoppers because its caps are clearly separate, while Flipkart SBI Card suits lighter shoppers who order on Zomato and pay utility bills on the card.

Best for

Flipkart Axis Bank: shoppers whose Flipkart, Myntra and Cleartrip cashback can pass ₹4,000 a quarter
Flipkart Axis Bank: Swiggy food delivery users, at 4% with no cap
Flipkart SBI Card: Zomato and Netmeds users, and people who put electricity and phone bills on the card

Skip it if

You want lounge access, which neither card offers now
You spend abroad, since both charge a 3.5% forex markup
Your yearly spend is well under ₹3.5 lakh, so the fee is never waived

Highlights

Same fee: ₹500 plus GST on both, waived at ₹3.5 lakh of yearly spends
Same rates: 7.5% Myntra, 5% Flipkart and Cleartrip, 4% partners, 1% elsewhere
Axis: a separate ₹4,000 cap per statement quarter for each of Myntra, Flipkart and Cleartrip
SBI Card: ₹4,000 quarterly limit, not stated whether shared or per category
Partners: Axis has Swiggy, Fitpass and PVR; SBI Card has Zomato, Netmeds and PVR; both have Uber

Side by side

Every term from the banks' own pages, last verified 5 November 2026.
Term	Flipkart SBI Card	Flipkart Axis Bank Credit Card
Bank	SBI Card	Axis Bank
Joining fee	₹500 + GST	₹500 + GST
Annual fee and waiver	₹500 + GST. Renewal Fee is reversed if annual spends for last year >= Rs. 3,50,000	₹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% Unlimited Cashback on all other eligible spends (about 1% value)	1% cashback on other eligible spends, no cap (about 1% value)
Best category	Myntra: about 7.5% value	Myntra: about 7.5% value
Lounges	Domestic: None listed International: None listed	Domestic: None (4 complimentary domestic lounge visits discontinued from 20 June 2025) International: None
Forex markup	3.5% of the amount	3.5% of the amount
Network	Visa, Mastercard	Not stated by the bank
Published minimum income	Stable income; SBI Card says the specific minimum varies by card and does not...	Not stated on the card page
Status	Taking applications	Taking applications
Add-on card fee	Nil	Nil
Earned as	Cashback (auto-credited to card account)	cashback
Higher-reward categories	Myntra: 7.5% Cashback, about 7.5% value (Quarterly Cashback Limit of 4,000, ₹4,000, calendar quarter) Flipkart: 5% Cashback, about 5% value (Quarterly Cashback Limit of 4,000, ₹4,000, calendar quarter) Cleartrip: 5% Cashback, about 5% value (Quarterly Cashback Limit of 4,000, ₹4,000, calendar quarter) 4 preferred merchants: Netmeds, PVR, Uber, Zomato: 4% Cashback, about 4% value (Quarterly Cashback Limit of 4,000, ₹4,000, calendar quarter)	Myntra: 7.5% cashback, about 7.5% value (INR 4,000 per statement quarter, ₹4,000, statement quarter) Flipkart: 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, Uber, PVR, Fitpass, Stoga by Fitpass: 4% cashback, about 4% value (Unlimited)
No rewards on	Fuel (MCC 5172, 5541, 5542, 5983) Wallet load, gift or prepaid card load, voucher purchase Rent (MCC 6513, 7349) Government transactions Education (MCC 5111, 5192, 5942, 5943, 5947, 8211, 8220, 8241, 8244, 8249, 8299, 8351) Jewellery (MCC 5051, 5094, 5944, 7631) Insurance Gaming EMI spends (merchant EMI, Flexipay) Standing Instructions / Fetch and Pay on SBI Card platforms Cash advance, balance transfer, Encash, ATM withdrawals, payment of outstanding, card fees and charges Disputed transactions	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
Value of a point	Auto-credit to card account: All cashback earned will be auto credited to the Cardholder's account within 15 days after the statement cycle	Statement credit (cashback): Cashback credited directly to the card statement (INR 1 = INR 1).
Redemption fee	Not applicable (cashback is auto-credited)	None (card page: reward redemption fee 'No')
Expiry	Not stated	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 e-Gift Voucher of Rs. 250 within 60 days of fee realisation (1-year expiry) Rs. 1,000 additional benefit on the first transaction on Flipkart (separate T&C, not read)	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	Renewal fee reversed on annual spends of Rs. 3.5 lakh	None published
Fuel surcharge waiver	1% waiver on every transaction between Rs. 500 and Rs. 4,000 at all petrol pumps in India; max Rs. 400 per statement cycle	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	None listed	Not published by the bank
Interest on unpaid balances	Up to 3.75% a month (45% a year)	Up to 3.75% a month (55.55% a year)
Late payment fee	Nil up to Rs.100; Rs.100 (Rs.100-500); Rs.500 (Rs.500-1,000); Rs.750 (Rs.1,000-10,000); Rs.950 (Rs.10,000-25,000); Rs.1,100 (Rs.25,000-50,000); Rs.1,300 (above Rs.50,000) of outstanding amount due; plus Rs.100 additional if MAD is missed two consecutive cycles (continues each cycle until MAD is cleared). Taxes extra.	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 transaction amount, minimum Rs.500, at domestic and international ATMs; finance charges from the date of withdrawal (no free credit period); max Rs.15,000 cash per day at ATMs (MCC 6011), within cash limit.	2.5% of the amount (minimum INR 500); interest at 3.75% per month from the date of withdrawal
Age (salaried)	21 years or above (minimum). Maximum age stated as 60 years in one place and 70 years in another on SBI Card's listing page	18 to 70 years
Income (salaried)	Stable income; SBI Card says the specific minimum varies by card and does not publish it for this card	Not stated on the card page
Income (self-employed)	Stable income; minimum not published for this card	Not stated on the card page
Documents	PAN card (for digital KYC) Copy of Aadhaar card with first 8 digits masked, or any valid government address proof (for digital KYC) Income documents such as salary slip or income tax return may be required, depending on card eligibility and SBI Card policy	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
Last verified	5 November 2026	5 November 2026

Two Flipkart cards from two different banks

Flipkart lends its name to two credit cards. Axis Bank issues one and SBI Card issues the other, and the headline offer on both are almost word for word the same: 7.5% back on Myntra, 5% on Flipkart and Cleartrip, 4% at a few partners, 1% on the rest, for ₹500 plus GST a year. Read the terms of each bank, though, and the two cards behave quite different.

Under RBI's co-brand rules the bank, not Flipkart, issues the card, decides on your application, sets the charges and has to pay the advertised cashback on time. So the questions worth asking is about the bank's terms: how the caps work, which partners count, what's excluded and what the bank charges when things go wrong.

Who each card is for

Flipkart Axis Bank: heavy Flipkart and Myntra shoppers who might cross ₹4,000 of cashback in a quarter, and Swiggy users, since Swiggy food delivery earn 4% with no cap. Axis's published age range, 18 to 70, is also the wider one.
Flipkart SBI Card: lighter shoppers who order on Zomato, buy medicines on Netmeds and want utility bills to earn 1%. SBI's card runs on Visa or Mastercard, which Axis's page doesn't state for its own card.

The verdict in two sentences

For anyone whose cashback on the three stores can pass ₹4,000 a quarter, which takes about ₹26,667 a month of Flipkart orders at 5% (₹4,000 divided by 3, then by 5%), the Axis card is the safer choice, because its caps are written as separate for Myntra, Flipkart and Cleartrip. For a lighter shopper the two return nearly the same, and the SBI card can edge ahead on Zomato orders and bills.

Both are active. Axis reshaped its card on 20 June 2025 and again on 28 August 2026, and SBI's 12% Cleartrip launch offer ended on 30 June 2026. Our separate reviews of the Flipkart SBI Card and the Flipkart Axis Bank card go deeper on each.

Same fee, different charges around it

Charge	Flipkart SBI Card	Flipkart Axis Bank
Joining and annual fee	₹500 plus GST	₹500 plus GST
Waiver	Renewal reversed if last year's spends reach ₹3,50,000	Year-two fee onwards waived on ₹3,50,000; rent, wallet loads and gift cards not counted
Add-on cards	Nil	Free
Interest	3.75% a month (shown as 45% a year)	3.75% a month (shown as 55.55% a year)
Late fee on ₹3,000 due	₹750	₹500
Late fee on ₹20,000 due	₹950	₹1,200
Rent	₹199 plus taxes a payment	1% of each payment
Utilities	1% above ₹50,000 a billing cycle	1% from ₹25,000 a statement cycle
Wallet loads	1% on any load above ₹1,000	1% from ₹10,000 a statement cycle
Cash payment at a branch	₹250	₹175
Forex markup	3.5%	3.5%

The fee and the waiver

Both cost ₹590 a year with 18% GST (₹500 plus ₹90), and both drop the renewal at ₹3.5 lakh of yearly spends, about ₹29,167 a month (₹3.5 lakh divided by 12). That's a high bar for a ₹500 card. Axis spells out that rent, wallet loads and gift cards don't count toward it and that spends are counted by posting date. SBI's terms just say annual spends. Both banks sometime run first-year-free offers, and on Axis such cards miss the ₹250 welcome voucher.

Interest and late fees

The monthly interest is the same 3.75%. Axis quote it as 55.55% a year and SBI Card as 45%, but what you pay each month is identical. Late fees differ by bill size. Axis charges nothing on dues up to ₹500 and ₹500 on dues up to ₹5,000, so it's gentler on small bills: ₹500 against SBI's ₹750 on a ₹3,000 outstanding. On bigger dues it turn harsher, ₹1,200 against ₹950 on ₹20,000. Both add ₹100 a cycle once the minimum is missed twice in a row.

The newer fees

Rent comes out level at ₹20,000 (₹199 against ₹200) and favours SBI above that: ₹40,000 of rent costs ₹199 plus taxes on SBI's card and ₹400 on Axis's. Axis charges 1% on utility bills from ₹25,000 a cycle and on wallet loads from ₹10,000, and SBI Card from ₹50,000 and above ₹1,000 respectively. Fuel above ₹50,000 a cycle attracts 1% on Axis already and on SBI from 1 December 2026.

Same rates, different caps and partners

Where you spend	Flipkart SBI Card	Flipkart Axis Bank
Myntra	7.5%	7.5%, own ₹4,000 cap a statement quarter
Flipkart	5%	5%, own ₹4,000 cap a statement quarter (not Flipkart Health)
Cleartrip	5%	5%, own ₹4,000 cap a statement quarter
4% partners	Netmeds, PVR, Uber, Zomato	Swiggy food delivery, Uber, PVR, Fitpass, Stoga by Fitpass, no cap
Quarterly limit on the above	₹4,000 a calendar quarter, shared or per category not stated	Per merchant, as shown
Everything else eligible	1%, no cap	1%, no cap
Utility and telecom bills	Not on the exclusion list	Excluded

The cap question

This is the difference which matter most between the two. Axis writes that Myntra, Flipkart and Cleartrip each have a ₹4,000 cap per statement quarter, so up to ₹12,000 of cashback a quarter is possible on the three, and its 4% partners are unlimited. SBI's terms repeat "Quarterly Cashback Limit of 4,000" on every accelerated row, Flipkart, Myntra, Cleartrip and the 4% partners, without saying whether that's one limit for all of them or one each. If it is shared, a heavy shopper will be losing a lot of money from it. Until SBI Card clarify it, plan for the worse case.

Exclusions and timing

Both pay nothing on fuel, rent, wallet loads, gift cards, government, education, jewellery, insurance and EMI purchases. Axis also excludes utility bills, telecom and gold, and since 28 August 2026 tolls. SBI's exclusion list doesn't name utilities, so bills paid on the card elsewhere looks to earn the 1% base, though bills paid by standing instruction or Fetch and Pay on SBI Card's own platforms earn nothing. Axis pays no cashback under ₹100 a transaction.

Cashback lands as statement credit on both. Axis credits it 3 days before your next statement, SBI Card within 15 days after the statement cycle, though one line in its terms says two working days.

Three budgets on both cards

Budget and card	Cashback a quarter	Cashback a year	Renewal fee
₹15,000 a month, Flipkart SBI	₹1,500	₹6,000	₹590 paid
₹15,000 a month, Flipkart Axis	₹1,440	₹5,760	₹590 paid
₹40,000 a month, Flipkart SBI	₹5,430 (₹4,270 if shared)	₹21,720 (₹17,080 if shared)	Reversed
₹40,000 a month, Flipkart Axis	₹5,520	₹22,080	Waived
₹70,000 a month, Flipkart SBI	₹9,535 (₹4,360 if shared)	₹38,140 (₹17,440 if shared)	Reversed
₹70,000 a month, Flipkart Axis	₹9,595	₹38,380	Waived

₹15,000 a month: Flipkart ₹4,000, Myntra ₹2,000, Zomato ₹1,000, Swiggy ₹1,000, Uber ₹1,000, electricity and mobile ₹2,000, other ₹4,000. Both earn ₹200 on Flipkart, ₹150 on Myntra, ₹40 on Uber and ₹40 on other spends. SBI adds ₹40 on Zomato at 4%, ₹10 on Swiggy and ₹20 on bills, so ₹500 a month. Axis adds ₹40 on Swiggy at 4% and ₹10 on Zomato and nothing on bills, so ₹480. A ₹1.8 lakh year misses the ₹3.5 lakh waiver on both.

₹40,000 a month: Flipkart ₹15,000, Myntra ₹8,000, Cleartrip ₹5,000, Swiggy ₹3,000, Zomato ₹1,000, Uber ₹2,000, bills ₹3,000, other ₹3,000. On SBI, the capped rows give ₹750, ₹600, ₹250, ₹40 and ₹80, which is ₹1,720 a month or ₹5,160 a quarter, and the 1% spends add ₹90 a month, ₹270 a quarter. Read per category, nothing hits ₹4,000, so ₹5,430 a quarter. Read as shared, the ₹5,160 stop at ₹4,000, giving ₹4,270. Axis gives ₹750, ₹600 and ₹250 on the three stores, ₹120 on Swiggy, ₹80 on Uber, ₹10 on Zomato and ₹30 on other spends, ₹1,840 a month, ₹5,520 a quarter.

₹70,000 a month: Flipkart ₹30,000, Myntra ₹15,000, Cleartrip ₹8,000, Swiggy ₹4,000, Zomato ₹2,000, Uber ₹3,000, bills ₹4,000, other ₹4,000. Flipkart's 5% is ₹4,500 a quarter, so it hit the ₹4,000 cap on both cards. Axis then adds ₹3,375 on Myntra, ₹1,200 on Cleartrip and ₹1,020 from Swiggy, Uber, Zomato and other spends: ₹9,595. SBI read per category adds ₹3,375, ₹1,200, ₹600 at 4% and ₹360 at 1%: ₹9,535. Read as shared, SBI stops at ₹4,000 plus ₹360, less than half.

Published rules side by side

Rule	Flipkart SBI Card	Flipkart Axis Bank
Age	21 or above, maximum given as 60 and as 70; self-employed above 25 online	18 to 70
Income	Not published	Not stated for this card; Axis's general criteria say ₹15,000 a month
Residence	An area SBI Card services	Resident of India
Credit score	Preferably 750 to 900	Not published
Documents	PAN, masked Aadhaar or other address proof, income papers if asked	PAN or Form 60, payslip, Form 16 or ITR, and residence proof
Network	Visa or Mastercard	Not stated

How the two banks differ

Axis is more open on the age. Its card page takes primary cardholders from 18 to 70, so someone of 18 to 20 with an income can apply, which SBI Card's rules don't allow. SBI Card starts at 21, gives its maximum as 60 in one place and 70 in another on the same page, and wants self-employed online applicants to be above 25.

On income, neither bank publish a figure for its Flipkart card. Axis's general criteria mention ₹15,000 a month. SBI Card says income must be stable and the minimum varies by card, and its card finder files this one under less than ₹50,000 a month, which is a browsing filter only. Axis lists the papers more exact: PAN or Form 60, a payslip, Form 16 or ITR, and a driving licence, electricity bill or landline bill for address.

Applying

Axis's online form asks for your mobile number and PAN or date of birth, checks eligibility and verifies by OTP; you can also apply in the Axis Mobile app or a branch. SBI Card takes applications on its website, through its ILA chatbot, by phone or at an SBI branch. Either bank must assess your own income and existing limits, as RBI rules require, and tell you in writing why if it rejects you. For help mid-application, call Axis Bank customer care or SBI Card customer care.

Pros and cons

Pros

Flipkart Axis Bank gives Myntra, Flipkart and Cleartrip a separate ₹4,000 cap each per statement quarter
Flipkart Axis Bank pays 4% on Swiggy food delivery, Uber and PVR with no cap
Flipkart Axis Bank accepts applicants from 18 to 70
Flipkart SBI Card pays 4% at Zomato and Netmeds, and its exclusion list does not name utility bills
Flipkart SBI Card's rent fee is a flat ₹199 plus taxes a payment

Cons

Flipkart SBI Card does not say whether its ₹4,000 quarterly limit is shared across stores
Flipkart Axis Bank excludes utility and telecom bills, gold and, since 28 August 2026, tolls
Both need ₹3.5 lakh of yearly spends to waive the ₹500 plus GST fee
Neither card has lounge access or insurance, and both charge 3.5% forex
Flipkart Axis Bank's late fee is ₹1,200 on dues between ₹10,001 and ₹50,000

Frequently asked questions

Are the Flipkart SBI Card and the Flipkart Axis Bank card the same?

No. Both carry Flipkart's name and the same headline rates, 7.5% on Myntra, 5% on Flipkart and Cleartrip and 1% elsewhere, but SBI Card and Axis Bank issue them under their own terms. The banks differ on how the ₹4,000 quarterly caps work, which partners earn 4%, what is excluded and what they charge.

What is the fee on each Flipkart card and how is it waived?

Both charge ₹500 plus GST, or ₹590 a year, and both waive the renewal at ₹3.5 lakh of yearly spends. Axis says rent, wallet loads and gift cards do not count toward that ₹3.5 lakh. SBI Card reverses the renewal fee when the previous year's spends reach ₹3,50,000.

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

On the Axis card, no: Myntra, Flipkart and Cleartrip each have their own ₹4,000 cap per statement quarter, and the 4% partners have none. On the SBI card the terms show a ₹4,000 quarterly limit on each accelerated row but do not say whether it is one shared limit or one per category.

Who can apply for each Flipkart credit card?

Axis accepts primary cardholders aged 18 to 70 who live in India, and its general criteria mention ₹15,000 of monthly income. SBI Card asks for applicants of 21 or above, with a stable income and a credit score preferably between 750 and 900, and publishes no minimum income. Approval is each bank's decision.

What changed on the two Flipkart cards recently?

Axis raised Myntra to 7.5% with a ₹4,000 quarterly cap, capped Flipkart and Cleartrip and ended lounge visits on 20 June 2025. On 28 August 2026 it raised its currency conversion fee to 3.5% and stopped cashback on tolls. SBI Card's 12% Cleartrip launch offer ended on 30 June 2026, leaving Cleartrip at 5%.

Which Flipkart card is better for Swiggy or Zomato orders?

For Swiggy, the Axis card: Swiggy food delivery is one of its 4% partners, with no cap. For Zomato, the SBI card: Zomato is one of its 4% partners, inside the ₹4,000 quarterly limit. Each card pays only 1% on the other app. Both banks say their partner lists can change.

Sources

SBI Cards and Payment Services Ltd: Most Important Terms & Conditions (PDF 'MITC- Common-30OCT26', Ver FY 27, 16); Flipkart SBI Card T&C booklet (11. Card Cashback); Flipkart SBI Card T&C booklet; Terms and Conditions for Flipkart SBI Credit Card - Cleartrip offer; Flipkart SBI Card product page (page content served from SBI Card's card data file)
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)
Business Today: New rules for Axis Bank credit cards valid from December 20

Last verified: 5 November 2026

Written by Anjali Bhargawa, 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.