Front-load Myntra to pin the 7.5% cap
Myntra/Flipkart/Cleartrip share one ₹4,000 cashback cap per statement quarter. Routing ~₹53,000 of Myntra spend early fills the cap at 7.5% — any Flipkart or Cleartrip spend after that drops to 1%.
Mid-tier · Cashback
AXIS BANK · FLIPKART AXIS BANK CREDIT CARD
Flipkart Axis Bank Credit Card
ANNUAL FEE
₹500 waived at ₹4L spend
FIRST-YEAR NET VALUE
₹29,690 for a mid spender · travel
AXIS BANK Flipkart Axis Bank
Updated 17 Sep 2026 6 verified sources Data is current
01 ELIGIBILITY
Can I get this card?
Meet these thresholds and you're likely to be approved. Final call is Axis Bank's.
MONTHLY INCOME ₹0.3L+ Salaried or self-employed
CREDIT SCORE 720+ Good band
AGE 18 – 70 Primary or add-on applicant
RESIDENCY Indian PAN, Aadhaar + income proof
02 FIT
Is this card for me?
We've modeled this card's value for a default urban spender. Tweak the persona to see how it shifts — or personalize with your real spends.
DEFAULT PERSONA · MID SPENDER · TRAVEL
₹29,690 first-year net value · mid spender · travel
Category rewards ₹29,440
Welcome benefit· Welcome reward points ₹250
Annual fee − ₹500
Fee waiver (met)· Annual fee waiver on spends of ₹3.5 lakhs in the preceding card anniversary year ₹500
Net first-year value ₹29,690
03 EARN
What will I earn?
Base rate, accelerated categories, milestones, and what each reward point is actually worth when you redeem.
BASE REWARD RATE
≈ 1.00% back on eligible spends 1.0 pts per ₹150
NOT ELIGIBLE Fuel · rent · wallets · utility · government
ACCELERATED CATEGORIES Up to 7.5% back
7.5% cashback capped at ₹4,000 per statement quarter (product page 2026-09-17) · 7.5%
5% cashback capped at ₹4,000 per statement quarter per merchant (product page 2026-09-17) · 5.0%
5% cashback capped at ₹4,000 per statement quarter per merchant (product page 2026-09-17) · 5.0%
Unlimited 4% cashback on preferred merchants (product page 2026-09-17; list on the Axis page) · 4.0%
Everything else (base) · 1.0%
04 MAXIMIZE · YOUR EDGE
How do I extract every rupee?
Plays grounded in this card's specific levers. Updated each time Axis Bank tweaks the program.
Stack unlimited 4% on Uber, Swiggy, PVR, Cult
Preferred-merchant cashback (PVR, Uber, Swiggy, Cult) is uncapped at 4%. Move these four merchant rails off your 1% cards — on ₹15,000/month across them that is ₹7,200/year you otherwise leave behind.
Skip wallet, utility, telecom and rent swipes
Since 20-Jun-2025 these are category-excluded (not MCC-excluded), so even rewards-paying rails earn zero. Route rent, BBPS utilities, Paytm/Amazon wallet loads, and telecom bills to a different card before they eat into your ₹3.5L waiver clock.
Target ₹3.5L annual spend to zero the ₹590 fee
Annual fee waives at ₹3,50,000 in the card anniversary year. If you are already near ₹4,000/quarter at Myntra/Flipkart and ₹15k/month on preferreds, routing everyday 1% spend here closes the gap and frees ₹590 + GST.
Claim the ₹500 Flipkart voucher on fee variants only
The welcome ₹500 Flipkart voucher ships only on fee-paying cards — first-year-free variants get nothing per the Axis revision FAQ. If you are on the paying variant, redeem it on day one; it fully offsets the ₹500 base joining fee.
05 COSTS
What will I pay?
Fees, transaction charges, interest rates — all inclusive of taxes where noted.
FEES
Charges below are base amounts; GST applies where applicable.
Joining fee ₹500 · + 18% GST · one-time
Annual fee (year 2+) ₹500 · waived at ₹4L spend
Add-on cards Up to 3 free
TRANSACTION CHARGES
Foreign currency markup 3.5%
Finance charges (purchase) 3.49% per month · ~42% APR
Late payment ₹100 – ₹1,300 · based on outstanding
06 BENEFITS
What else comes with it?
Non-reward perks — lounges, dining, golf, insurance, concierge. Worth factoring into the total value, even when hard to price.
Welcome voucher
₹250 Welcome reward points.
Travel cover
Air accident cover, lost-card liability, emergency card replacement abroad.
07 FAQ
Common questions
The joining and annual fees are each ₹500 + 18% GST (₹590 all-in). Axis waives the next anniversary annual fee if you spend ₹3,50,000 in the preceding card year. That is roughly ₹29,200 a month — doable if Myntra, Flipkart and the 4% preferred merchants run through this card.
08 WHAT CHANGED
How Flipkart Axis Bank Credit Card has changed.
Last verified 17 Sep 2026.
- 17 Sep 2026 Welcome Flipkart voucher cut from ₹500 to ₹250 (paid cards only) with a Swiggy 50%-off welcome offer for all cards; caps recorded as ₹4,000 per statement quarter per merchant for Myntra, Flipkart and Cleartrip (the file had a combined cap); joining fee currently NIL as a limited period offer. Annual ₹500 + GST from year two, ₹3.5L waiver, unlimited 4% on preferred merchants, 1% base, no lounge access re-verified. Welcome value halves; the per-merchant caps raise the ceiling for heavy Flipkart plus Myntra spenders
- 20 Jun 2025 Major devaluation - removal of lounge access and introduction of quarterly cashback caps 4 complimentary domestic lounge visits discontinued, quarterly caps of ₹4,000 introduced for Flipkart and Cleartrip
- 20 Jun 2025 Myntra cashback enhancement from 1% to 7.5% Significant improvement for fashion shoppers, capped at ₹4,000 per quarter
- 20 Jun 2025 Exclusion methodology change from MCC to spend category Broader exclusions for utility, telecom, rent, and wallet transactions
HOW WE KEEP THIS CURRENT
Last verified 17 Sep 2026. Sources: Axis Bank Most Important Terms and Conditions (MITC) PDF, Axis Bank credit-card feature/benefit/charge revision FAQ PDF, Flipkart Axis Bank Credit Card product page, PerkPilot editorial — maximize_plays authored 2026-04-18 from card JSON levers, PerkPilot editorial — faq authored 2026-04-18 from card JSON levers, axis.bank.in. Next scheduled review: 17 Mar 2027.