4AAxis BankFlipkart₹500/yr · IN

A pile of shiny gold coins — Photo: Anthony Aird / Unsplash

Cash Back · India

Flipkart Axis Bank Credit Card

4.5 / 5 editorial score

A co-branded cashback card that's a steal for Flipkart and Myntra shoppers. You get 7.5% back on Myntra and 5% on Flipkart and Cleartrip, each capped per statement quarter, 4% at preferred merchants such as Swiggy, and 1% everywhere else, for a ₹500 fee.

#4 of 8 · Cash Back · India #8 of 34 · All India cards

Annual fee₹500/yr

IssuerAxis Bank

NetworkMastercard

Welcome offer₹250 Flipkart voucher (cards issued after 20 June 2025)

Interest rate3.75% a month (55.55% a year), per…

Foreign fee3.5% markup on foreign currenc…

Who qualifiesGood

Why it ranks

5% on Flipkart and 7.5% on Myntra, within quarterly caps
Strong 4% rate on popular everyday partners
Low ₹500 annual fee
Fee waived on ₹3.5 lakh annual spend

What holds it back

Base 1% rate is just average
High forex markup for overseas spends
Best value tied to the Flipkart ecosystem

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Advertiser disclosure: we may be paid if you apply through our links. Ratings are editorial. Confirm today's terms on the issuer's site — offers change.

Our verdict

Why the Flipkart Axis Bank Credit Card ranks where it does

The Flipkart Axis Bank card is still worth having for Flipkart and Myntra shoppers, but it is no longer the uncapped card it once was. Myntra now earns 7.5% and Flipkart and Cleartrip 5%, each capped at ₹4,000 of cashback per statement quarter, which covers about ₹80,000 of Flipkart spend a quarter. Preferred merchants such as Swiggy, Uber and PVR earn an uncapped 4%, and other eligible spends 1%.

Two changes from June 2025 matter. The four free domestic lounge visits were withdrawn, and the welcome Flipkart voucher fell to ₹250 and applies only to cards issued with a joining fee. The joining fee is currently nil as a limited-period offer; the ₹500 annual fee from year two is waived only above ₹3.5 lakh of annual spend, with rent and wallet loads not counted.

So the fee is a real cost for moderate users. At 5%, ₹10,000 of Flipkart spend a year pays the ₹500 fee; beyond that the card is profit. People who buy mostly on Flipkart, Myntra and the preferred partners come out well ahead. Bill payers get little: utilities, telecom, education, insurance, fuel and rent earn nothing.

Good fit if

Regular Flipkart and Myntra shoppers
Frequent users of Swiggy, Uber, PVR and other preferred merchants
People happy with cashback credited to the statement

Skip it if

Anyone who wanted the card for lounge access, which ended in June 2025
Bill payers, as utilities and telecom earn no cashback

Worked example

Assume ₹6,000 a month on Flipkart, ₹2,000 on Myntra, ₹3,000 at preferred merchants and ₹10,000 of other eligible spends. Flipkart earns 5% (₹300), Myntra 7.5% (₹150), preferred merchants 4% (₹120) and the rest 1% (₹100): ₹670 a month, ₹8,040 a year, all well inside the quarterly caps. Annual spend of ₹2.52 lakh is below the ₹3.5 lakh waiver, so from year two the ₹500 fee plus GST applies, leaving about ₹7,540. Cashback is credited to the statement, so we count it at face value.

How it stacks up

The Amazon Pay ICICI card is the Amazon equivalent with no fee at all, making it the better pick for anyone who splits shopping evenly between the two platforms. The HDFC Millennia pays 5% across ten merchants including both Flipkart and Myntra, but caps that rate at 1,000 points a month. For a shopper who buys mainly on Flipkart and Myntra, the Axis card still earns more.