The Flipkart Axis Bank Credit Card has long been the go-to choice for Flipkart and Myntra shoppers in India. 💳 It still delivers strong, unrestricted cashback on both platforms — but two changes in 2025 have quietly reduced the card’s overall value. Lounge access was removed, and the welcome voucher was cut in half for new cardholders.
Here is the complete, updated picture for anyone considering this card in 2026.
Quick Verdict
Rating: 3.9 ⭐ / 5
One-line summary: Still the strongest cashback card for dedicated Flipkart and Myntra shoppers — but recent benefit cuts mean it’s no longer the all-rounder it once was.
| At a Glance | Detail |
|---|---|
| Annual Fee | ₹500 + GST |
| Fee Waiver | ₹3.5L annual spend |
| Top Cashback | 7.5% on Myntra |
| Flipkart Cashback | 5% |
| Preferred Merchant Cashback | 4% (Swiggy, Uber, PVR, Cult.fit, Cleartrip, Tata 1mg) |
| Base Cashback | 1.5% on all other spends |
| Lounge Access | Removed — no longer available |
| Welcome Benefit | ₹250 Flipkart voucher (reduced from ₹500) |
| Best For | Regular Flipkart and Myntra shoppers |
| Network | Visa |
👉 Apply Now → Flipkart Axis Bank Credit Card
Also read: Best Cashback Credit Cards in India (2026)
Table of Contents
- Key Features & Fees
- How the Cashback Structure Actually Works
- What Changed in 2025 — Lounge Access & Welcome Benefit Cuts
- Pros
- Cons
- Who Should Apply
- Who Should Skip This Card
- How to Apply
- Final Verdict
Key Features & Fees
| Feature | Detail |
|---|---|
| Issuer | Axis Bank |
| Network | Visa |
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST |
| Annual Fee Waiver | ₹3.5 lakh annual spend (excludes utility, rent, wallet loads, govt transactions) |
| Cashback — Myntra | 7.5% — monthly cap ₹1,333, quarterly cap ₹4,000 |
| Cashback — Flipkart | 5% — monthly cap ₹1,333, quarterly cap ₹4,000 |
| Cashback — Cleartrip | 5% — same cap structure |
| Cashback — Preferred merchants (Swiggy, Uber, PVR, Cult.fit, Tata 1mg) | 4% |
| Cashback — All other spends | 1.5% |
| Cashback Credit | Direct statement credit, 3 days before next statement date |
| Welcome Benefit | ₹250 Flipkart voucher (first transaction within 30 days) + 50% off (up to ₹100) on first Swiggy order |
| Lounge Access | None — removed in recent update |
| Fuel Surcharge Waiver | 1% on ₹400–₹4,000 transactions (max ₹400/cycle) |
| Rental Transaction Fee | 1% surcharge (capped at ₹1,500/transaction) |
| Forex Markup | 3.5% |
| Min Income | ₹15,000/month (salaried) / ₹30,000/month (self-employed) |
| Min Age | 18–70 years |
How the Cashback Structure Actually Works
The Flipkart Axis card runs on a four-tier cashback structure, credited directly to your statement — no points conversion required.
7.5% tier — Myntra The highest fashion-specific cashback rate available on any credit card in India. Capped at ₹1,333/month, meaning maximum cashback requires roughly ₹17,770 in monthly Myntra spending.
5% tier — Flipkart and Cleartrip Unrestricted cashback on Flipkart purchases and Cleartrip travel bookings, with the same monthly cap structure.
4% tier — Preferred merchants Swiggy, Uber, PVR, Cult.fit, and Tata 1mg all qualify at 4% — extending the card’s value beyond just Flipkart’s own ecosystem.
1.5% tier — Everything else A genuinely solid uncapped base rate, higher than several competing cards’ baseline.
Important exclusions to know: Cashback does not apply to gift card purchases, gold or jewellery items, fuel spends, EMI conversions, wallet loading, cash advances, or rent payments. Since these exclusions are common across most cashback cards, they shouldn’t be a dealbreaker — but worth knowing before you assume every transaction qualifies.
“The 7.5% Myntra rate alone makes this card worth holding for anyone who shops fashion regularly — no other card in India comes close to that specific rate.” — Simplix Finance Desk
What Changed in 2025 — Lounge Access & Welcome Benefit Cuts
Two changes have reduced this card’s overall appeal compared to its earlier version — important to know before applying.
❌ Lounge access removed The card previously included 4 complimentary domestic lounge visits per year. This benefit has been removed entirely in the current version of the card. If lounge access matters to you, factor this into your decision — it’s no longer part of the package.
❌ Welcome voucher reduced Cardholders issued before 20th June 2025 received a ₹500 Flipkart voucher as a welcome benefit. New cardholders issued after that date now receive only ₹250 — effectively half the original value. Combined with the ₹500 joining fee, the welcome benefit alone no longer offsets the cost of the card.
These two changes mean the card’s value now rests almost entirely on its ongoing cashback rates — not its sign-up perks. For regular Flipkart and Myntra shoppers, the cashback alone still justifies the fee. For occasional shoppers relying on the welcome benefit and lounge access, the card is noticeably less attractive than before.
Pros
- 7.5% on Myntra — the highest fashion cashback rate on any credit card in India
- 5% on Flipkart with no merchant restrictions within the platform — broad coverage across categories
- 1.5% uncapped base rate — solid baseline even outside the partner ecosystem
- Direct statement credit — no points conversion, no redemption portal
- Accessible eligibility — ₹15,000/month income minimum is lower than several competing cashback cards
Cons
- Lounge access removed — a meaningful benefit cut from the card’s earlier version
- Welcome voucher halved — ₹250 instead of ₹500 for cards issued after June 2025
- Quarterly cashback cap of ₹4,000 — limits value for heavy Flipkart and Myntra shoppers
- 3.5% forex markup — not suitable for international transactions
- Several exclusions — gift cards, jewellery, fuel, rent, and wallet loads don’t earn cashback
- Faces competition from zero-fee alternatives — Amazon Pay ICICI and Flipkart SBI offer similar or better value in some cases
Who Should Apply
This card makes sense for anyone whose monthly spending genuinely includes ₹3,000–₹5,000 or more on Flipkart and Myntra combined. At that spend level, the cashback comfortably covers the ₹500 annual fee within the first few months, with everything beyond that as pure savings.
It also works well as a secondary card for Swiggy, Uber, or Cult.fit users who want the 4% preferred merchant rate alongside their primary spending card.
Who Should Skip This Card
If lounge access was a key reason you were considering this card, that benefit no longer exists — consider HDFC Millennia or AU Bank NOMO instead if lounge access matters to you. Similarly, if your Flipkart and Myntra spending is occasional rather than regular, the Amazon Pay ICICI’s zero annual fee may deliver better overall value despite the lower headline rate on non-Amazon platforms.
How to Apply
- Visit the official Axis Bank website (Link Given Below)
- Fill in personal and financial details
- Upload identity proof, address proof, and income proof
- Submit the application and complete verification
- Approval typically takes 3–7 working days
👉 Apply Now → Flipkart Axis Bank Credit Card
Final Verdict
The Flipkart Axis Bank Credit Card remains a strong choice specifically for dedicated Flipkart and Myntra shoppers — the 7.5% Myntra rate and 5% Flipkart rate are difficult to match elsewhere. However, the removal of lounge access and the halved welcome voucher mean this card has genuinely become less generous than it was a year ago.
If your spending aligns closely with Flipkart’s ecosystem, the ongoing cashback still makes the ₹500 fee worthwhile. If you were drawn to this card for its older perks, it’s worth comparing against Flipkart SBI or Amazon Pay ICICI before committing.
Also read: Amazon Pay ICICI Credit Card Review (2026) | SBI Cashback Credit Card Review (2026)
Follow Simplix on Instagram — @simplixmv — for weekly finance simplified.
