Shopping online has become an integral part of modern life, especially in India, where Flipkart reigns supreme. For avid Flipkart shoppers, the Flipkart Axis Bank Credit Card emerges as an enticing proposition, offering a host of benefits tailored to enhance your online shopping experience. This blog post will guide you through the ins and outs of this co-branded card, exploring its advantages, disadvantages, application process, and frequently asked questions to help you make an informed decision.
Table of Contents
Benefits
The Flipkart Axis Bank Credit Card comes loaded with a variety of perks designed to attract frequent online shoppers. Let’s break down the most significant advantages:
Lucrative Cashback
This card stands out with its generous cashback rewards. You get an unlimited 5% cashback on every purchase made on Flipkart, Myntra, and 2GUD. Considering the popularity of these platforms, this benefit alone can lead to significant savings.
Furthermore, the card extends its rewards to other popular platforms, offering up to 4% cashback on partners like Swiggy, CureFit, Uber, and PVR. These widely-used services cover food delivery, fitness, transportation, and entertainment, making this cashback incredibly valuable.
Even beyond these specific partners, the card provides a 1.5% cashback on all other transactions, ensuring you earn rewards on every purchase.
A key advantage of this card is that the cashback is directly credited to your card account, eliminating the complexities of reward points and making it readily available for your next purchase.
Welcome Offers
Getting started with the Flipkart Axis Bank Credit Card is made sweeter with attractive welcome benefits worth up to ₹1100. Upon your first purchase, you’ll receive a ₹500 Flipkart voucher, providing instant gratification and encouraging you to make the most of your new card.
For a limited time, Flipkart is also offering an extra ₹500 voucher, bringing the total welcome benefits up to ₹1000! This is a fantastic opportunity to maximize your savings.
Moreover, the card also includes enticing discounts for Myntra and Swiggy, expanding your savings across various popular platforms.
Airport Lounge Access
Frequent flyers will appreciate the benefit of free domestic airport lounge access. The Flipkart Axis Bank Credit Card provides one complimentary access per quarter, allowing you to relax and enjoy comfort before your flights.
To be eligible for this benefit, you’ll need to spend ₹50,000 on the card during the previous quarter.
This lounge access is applicable at major airports across India, including Bangalore, Chennai, Mumbai, Kolkata, and Hyderabad, making it a valuable perk for domestic travelers.
Fuel Surcharge Waiver
While limited in scope, the card offers a 1% fuel surcharge waiver on fuel transactions up to ₹400 per month. This benefit can provide some relief from rising fuel prices, though it’s capped at a maximum waiver of ₹400 per month.
Other Perks
Beyond the core benefits, the Flipkart Axis Bank Credit Card includes a few additional perks to enhance your overall experience:
- Dining Delights: Access Axis Bank’s Dining Delights program, which offers discounts at a wide range of partner restaurants across India.
- EMI Conversion: Convert your transactions above ₹2500 into easy monthly installments (EMIs), making large purchases more manageable.
Drawbacks
While the Flipkart Axis Bank Credit Card boasts several benefits, it’s essential to be aware of its drawbacks before applying. Here’s a breakdown of the card’s limitations:
Annual Fee
The card carries an annual fee of ₹500, a common practice for credit cards with rewarding features. However, this fee is waived only if you spend over ₹2 lakh annually. This spending threshold might be challenging for some users, making the annual fee a potential concern.
Cashback Exclusions
It’s crucial to be aware of the categories that are not eligible for cashback. The exclusions include fuel purchases, gift card purchases, EMI transactions, wallet reloads, gold purchases, cash advances, payment of outstanding balances, card fees, and payments for government services.
These exclusions can significantly impact the overall cashback you earn, especially if your spending habits involve these categories.
Limited Lounge Access
The free airport lounge access benefit is restricted to domestic airports in India. This limitation might disappoint frequent international travelers as they won’t be able to enjoy this perk at airports outside India.
No Milestone Benefits
Unlike some credit cards that offer extra rewards for reaching specific spending targets, the Flipkart Axis Bank Credit Card lacks milestone benefits. This absence might be a drawback for those who enjoy additional perks for high spending.
Delayed Cashback Credit
While cashback is credited directly to your card account, it’s important to note that this happens in the subsequent billing cycle. This delay means it could take up to two months for your earned cashback to reflect in your account.
Application Process
Applying for the Flipkart Axis Bank Credit Card is a straightforward process, primarily conducted online. Here’s a step-by-step guide:
Online Application
You can easily apply for the card through the Flipkart app or website. Navigate to the credit card section and initiate the application process.
You’ll be required to provide personal and financial information, including your name, address, PAN card details, income proof, and employment details.
Eligibility Criteria
To be eligible for the Flipkart Axis Bank Credit Card, you must meet the following criteria:
- Be at least 18 years old.
- Possess a good credit history and a healthy Flipkart purchase history.
A consistent and positive track record on Flipkart can increase your chances of approval.
Approval Process
Once you’ve submitted your application, you’ll receive an application number, indicating that your request is being processed. Here’s what you can expect during the approval process:
Application Number
Receiving an application number confirms that your application has been successfully submitted and is under review. It doesn’t guarantee approval but indicates that your application hasn’t been instantly rejected.
Verification Methods
The bank will verify your information through various methods. You might receive a phone call for physical KYC (Know Your Customer) or a link for video KYC, allowing you to complete the verification remotely.
Approval Time
The approval time can vary depending on the complexity of your application and the chosen verification method. It usually takes up to a week or more for the bank to make a decision.
Tips for Faster Approval
To expedite the approval process, consider these tips:
- Provide your Income Tax Return (ITR) as income proof.
- If you are an existing Axis Bank customer, your application might be processed faster due to existing records.
FAQ Section
Is the Flipkart Axis Bank Credit Card only for Flipkart purchases?
No, you can use this card anywhere credit cards are accepted, both online and offline, at shops, restaurants, and more. It’s not limited to Flipkart purchases.
How can I track my earned cashback?
You can track your earned cashback through two methods:
- Monthly Credit Card Statement: Your statement will detail the cashback earned during the billing cycle.
- Flipkart App: Access the credit card section within the Flipkart app to view your accumulated cashback.
What is the process for generating my PIN?
To generate your PIN, visit the Axis Bank website. Look for the “Generate Credit Card PIN” section, where you’ll be guided through the process.
Can I transfer my Flipkart Axis Bank Credit Card to someone else?
No, transferring credit card ownership is not allowed. The card is issued to a specific individual based on their creditworthiness and cannot be transferred to another person.
Conclusion
The Flipkart Axis Bank Credit Card is a compelling choice for frequent Flipkart shoppers, offering attractive cashback rewards, welcome benefits, and airport lounge access. However, it’s crucial to weigh the drawbacks, such as the annual fee, cashback exclusions, and limited lounge access, before making a decision.
By understanding the benefits, drawbacks, application process, and FAQs, you can determine if this card aligns with your spending habits and lifestyle.