M16S / Axis Bank / Flipkart Axis Bank Credit Card
entry · cashback, shopping, cobrand
Flipkart Axis Bank Credit Card
The Flipkart Axis Bank Credit Card costs Rs 500 a year, waived if you spend Rs 3,50,000 in a year. Its base return is 1% (1% cashback on other eligible spend, uncapped). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's own documents on 12 Oct 2026.
- Annual fee
- Rs 500+ GST
- Fee waived at
- Rs 3,50,000annual spend
- Base return
- 1%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- Axis Bank stops rewards on bridge fees, road fees and tolls, August 2026
From 28 Aug 2026 spends on bridge fees, road fees and tolls earn no rewards or cashback on these Axis Bank cards. Gift card purchases move to their own spend category and still earn nothing. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank sets a Rs 1,300 late fee on dues of Rs 50,000 and above, August 2026
From 28 Aug 2026 the late payment fee is INR 1,300 for outstanding balances of INR 50,000 and above. Below INR 50,000 the fee is unchanged. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank raises the foreign currency markup from 1.5% to 3.5%, August 2026
From 28 Aug 2026 the dynamic currency conversion markup rises to 3.5% from 1.5% on these Axis Bank cards. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank ends Flipkart card lounge access and halves welcome voucher, June 2025
From 20 Jun 2025 the 4 complimentary domestic lounge visits end. The welcome Flipkart voucher falls from INR 500 to INR 250 for cards issued after 20 Jun 2025. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank Flipkart card lifts Myntra to 7.5% and caps cashback, June 2025
From 20 Jun 2025 Myntra earns 7.5% cashback, up from 1%, capped at INR 4,000 a statement quarter. Flipkart and Cleartrip stay at 5%, each capped at INR 4,000 a statement quarter. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank adds 1% fees on wallet, fuel, utility, education and gaming, Dec 2024
The MITC lists a 1% fee applicable from 20 Dec 2024 on wallet loads from INR 10,000, fuel from INR 50,000, utilities from INR 25,000 and online skill-based gaming from INR 10,000 per statement cycle, and on third-party app education payments. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank ties Flipkart card lounge access to Rs 50,000 spend, May 2024
From 1 May 2024 FLIPKART AXIS BANK lounge access needs INR 50,000 of spends in the previous 3 months. New cards are exempt for the issue month and the next 3 months. Source: Axis Bank, campaign.axisbank.com, read 28 Oct 2026
- Axis Bank sets Flipkart card base cashback at 1% from April 2024
From 20 Apr 2024 transactions other than Flipkart, preferred merchants and excluded categories earn a base cashback of 1% on the FLIPKART AXIS BANK card. Source: Axis Bank, campaign.axisbank.com, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 500 |
|---|---|
| Annual fee | Rs 500 |
| Annual spend that waives the fee | Rs 3,50,000 |
| Fee notes | Issuer fee table: joining fee nil (limited period offer); annual fee Rs 500 from year 2, waived on annual spend above Rs 3.5 lakh. Rent (MCC 6513) and wallet loads (MCC 6540) do not count; spend is counted by posting date, so meet the threshold 3 working days before the card anniversary. |
Rewards
| Welcome benefit | Rs 350 of activation benefits: Flipkart voucher worth Rs 250 on first transaction within 30 days (paid cards only, not on first-year-free cards) and 50% off up to Rs 100 on Swiggy food orders for first-time Swiggy users (all cards). |
|---|---|
| Reward currency | Cashback |
| Base earn | 1% cashback on other eligible spend, uncapped |
| Base return | 1% |
| Point value | Cashback credited to statement 3 days before statement date |
| Accelerated earn | 7.5% on Myntra; 5% on Flipkart and Cleartrip; unlimited 4% on preferred merchants (issuer list linked from page; T&C: Swiggy food delivery, Uber, PVR, cult.fit-type partners) |
| Caps | Myntra capped at Rs 4,000 cashback per statement quarter; Flipkart and Cleartrip Rs 4,000 per statement quarter per merchant; 4% and 1% tiers uncapped. Transactions under Rs 100 earn nothing. |
| Spends that earn nothing | Utilities, telecom, fuel, jewellery/gold, insurance, financial institutions, rent, wallet loads, education, government, gift cards on Flipkart/Myntra, EMI, cash |
| Points expiry | Not applicable |
| Milestone benefits | None |
| Reward notes | base_return_pct = 1% base cashback (issuer page). No reward redemption fee. Flipkart's own T&C page still shows the older 1.5% base; the Axis page and T&C PDF are treated as current. |
Travel and perks
| Domestic lounge | None (ended 20 Jun 2025) |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on Rs 400-4,000 fuel transactions, cap Rs 400 per statement cycle (issuer page) |
| Other freebies | Dining Delights restaurant discounts; Wednesday offers; EMI offers on Flipkart |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Nil up to Rs 500 due; Rs 500 (501-5,000); Rs 750 (5,001-10,000); Rs 1,200 (10,001-50,000); Rs 1,300 above 50,000; plus Rs 100 per cycle if minimum due is missed two cycles running |
| Cash advance fee | 2.5% of amount, min Rs 500 |
| Eligibility | Age 18-70; resident of India. No income figure published. |
| Fine-print notes | Before the 2026-10-12 page read: cashback rules from Axis T&C PDF. Flipkart Health is excluded from the 5% tier; only Swiggy food delivery (not Instamart/Genie) earns 4%. Product page read 2026-10-12 confirms cashback tiers and caps, annual fee and waiver, 3.5% forex and 3.75% interest. The card is a multi-cobrand arrangement of Flipkart, Myntra and Cleartrip. Conflicts resolved from issuer page read 2026-10-12: eligibility: old (cardinsider) 'salaried Rs 15,000 a month, self-employed Rs 30,000 a month' -> issuer page gives only age 18-70 and Indian residency | joining_fee: catalog keeps the Rs 500 standard fee; issuer page currently shows joining fee nil as a limited period offer |
Questions
- What is the annual fee of the Flipkart Axis Bank Credit Card?
- Rs 500 a year, before GST. It is waived if you spend Rs 3,50,000 in a year.
- Does the Flipkart Axis Bank Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Flipkart Axis Bank Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Flipkart Axis Bank Credit Card?
- Utilities, telecom, fuel, jewellery/gold, insurance, financial institutions, rent, wallet loads, education, government, gift cards on Flipkart/Myntra, EMI, cash