Axis Bank
Flipkart
A staple for e-commerce loyalists, the Flipkart Axis card offers a high 5% cashback on Flipkart and 7.5% on Myntra.
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Data last updated 27 May 2026.
At a Glance
Annual Fee
₹500
Joining Fee
₹500
Fee Waiver
Spend ₹3,50,000 annually
Lounge Access
See details
Forex Markup
3.5%
Effective Yield
1% – 7.5%
Our Take
A staple for e-commerce loyalists, the Flipkart Axis card offers a high 5% cashback on Flipkart and 7.5% on Myntra. However, the 2026 "Triple-Cap" now restricts earnings to ₹4,000 per quarter for each brand. With the total removal of lounge access, it has transitioned from a versatile travel-shopping hybrid into a strictly "niche" shopping tool.The 2026 revision fundamentally changes how high-spenders view this card. While the 4% unlimited cashback on preferred partners like Swiggy and Uber remains its strongest feature, the new ₹4,000 quarterly cap on Flipkart, Myntra, and Cleartrip significantly limits the return on big-ticket purchases like electronics. Furthermore, the complete discontinuation of lounge access—previously a major entry-level draw—makes it less competitive than zero-fee rivals. With a relatively high ₹3.5 lakh annual fee waiver and a reduced ₹250 welcome voucher, the card now serves best as a secondary tool specifically for small-to-mid-size monthly shopping hauls.
Pros
- High-Yield Myntra Rewards: Offers a market-leading 7.5% cashback on Myntra. For fashion-conscious shoppers, this is currently the highest direct cashback rate available on any co-branded card in India for the platform.
- Solid Flipkart & Cleartrip Value: Provides a consistent 5% cashback on Flipkart and Cleartrip bookings. Since these are high-ticket categories, the 'direct-to-statement' cashback model offers a cleaner experience than reward points or platform-locked credits.
- Unlimited 4% Partner Cashback: Maintains an unlimited 4% cashback rate on 'Preferred Merchants' including Swiggy, Uber, PVR, and cult.fit. This is a rare 'uncapped' benefit in 2026, making it a powerful daily-use card for urban services.
- Transparent Statement Credit: Eliminates the complexity of 'reward portals' or 'points expiry.' Every rupee of cashback earned is automatically credited directly to your credit card statement, effectively lowering your bill every month with zero effort.
- High 1.5% Unlimited Base Rate: While most entry-level cards have dropped their base rates to 0.5% or 1%, this card still offers 1.5% cashback on almost all other eligible online and offline spends, providing better-than-average value for non-category swipes.
Cons
- Permanent Withdrawal of Lounge Access: As of mid-2025, Axis has completely discontinued complimentary domestic airport lounge access for this card. This removes a core 'travel' reason to hold the card, especially when compared to competitors like the HDFC Millennia.
- New 2026 Quarterly Cashback Caps: The 7.5% (Myntra) and 5% (Flipkart/Cleartrip) rates are now subject to a strict cap of ₹4,000 per merchant per statement quarter. This effectively limits the benefit for high-spenders during major festive sales like 'Big Billion Days.'
- Stiff Annual Fee Waiver Threshold: The waiver requirement has been set at ₹3.5 Lakhs annually. For an entry-level card with a ₹500 fee, this spend-to-waiver ratio is quite high, especially given the increased competition from 'Lifetime Free' (LTF) cards.
- Extensive Category Exclusions: In line with Axis Bank's 2026 unified policy, no cashback is earned on Utilities, Insurance, Rent, Fuel, Government services, and Wallet loads. These categories also no longer count toward the ₹3.5 Lakh annual fee waiver milestone.
- No Rewards on EMI Transactions: Spending converted into Merchant EMIs or post-facto EMIs is ineligible for any cashback. This is a major drawback for users who rely on the card to finance high-value electronics or furniture purchases from Flipkart.
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| Myntra Spends (Accelerated) | 7.5% Cashback | 7.50% | ₹4,000 per statement quarter |
| Flipkart & Cleartrip | 5% Cashback | 5.00% | ₹4,000 per statement quarter (Each) |
| Preferred Merchants (4% Cashback) | 4% Cashback | 4.00% | No Upper Cap |
| Other Retail & Online Spends | 1% Cashback | 1.50% | No Upper Cap |
| Excluded Categories | No Cashback | 0.0% | — |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹3.5 Lakh | Fee Waiver0 pts | ₹500 + GST Savings | Annual fee waived if previous year's spends exceed ₹3.5 Lakhs (Excludes Rent/Wallet). |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Statement Credit (Direct) | ₹1.00 per ₹1 Cashback1:1 Ratio | Best Value (Auto-credited within 3 days of your next statement generation) |
What You Need to Know
Lounge Removal
Effective June 2025, all complimentary domestic lounge access was discontinued.
Impact: This card now offers ZERO travel perks; ignore legacy marketing stating otherwise.
The 'Quarterly Cap' Trap
The 5% and 7.5% rates are now capped at ₹4,000 per quarter.
Impact: For big-ticket items like iPhones or appliances, your effective yield may drop below 2%.
Myntra Devaluation Check
While the rate is 7.5%, many items on Myntra now carry a 'Platform Fee' that eats into this.
Impact: Net savings might be closer to 6% after factoring in platform fees.
No Bill-Pay Rewards
Utilities, Insurance, and Education are strictly excluded from earning cashback.
Impact: Avoid using this card for monthly home bills; use Axis ACE or Airtel instead.
Essential Fine Print
Reward Exclusions
No Cashback Categories: Fuel, wallet loads, gift card purchases on Flipkart/Myntra, EMI transactions, gold purchases, rental payments, government services, insurance, utilities, and educational services.
Welcome Offer
Flipkart Joining Voucher
Flipkart voucher worth ₹250 on making the first transaction using your Flipkart Axis Bank Credit Card within 30 days of card issuance.
New Swiggy User Discount
Get 50% off upto ₹100 on Swiggy food orders for first time Swiggy users. Use code "AXISFKNEW"
Travel Benefits
Cleartrip Discounts
5% cashback on flight and hotel bookings through Cleartrip.
Wednesday Delight
Instant savings up to 15% on flights and hotels via Goibibo and MakeMyTri
Dining Benefits
Wednesday Delight
10% off on orders via Swiggy
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹500 |
| Annual / Renewal Fee | ₹500 |
| Fee Waiver Threshold | Spend ₹3,50,000 annually |
| Forex Markup | 3.5% |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Age
Age between 18-70 years
Income
Must have a steady, verifiable income.
Credit Score
A minimum CIBIL score of 736 is required.
Ready to apply for Flipkart?
Annual fee: ₹500 · Waived on ₹3,50,000 spend
Annual fee
₹500
1% – 7.5% yield