Axis Bank · Visa

Flipkart Axis Bank

Statement cashback for Flipkart, Myntra and Cleartrip, with separate quarterly merchant caps and a current first-year-free offer.

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Flipkart Axis Bank original issuer card artwork

Myntra

7.5%; ₹4,000 per statement quarter

Flipkart / Cleartrip

5%; separate ₹4,000 quarterly cap each

Everyday

4% preferred merchants / 1% other eligible

Renewal

₹500 + GST; waiver above ₹3.5 lakh

Joining: ₹0 limited offer
Renewal: ₹500 + GST
Cashback: Direct statement credit

Shopping & travel

7.5% cashback on Myntra, capped at ₹4,000 per statement quarter. Flipkart and Cleartrip each earn 5%, with a separate ₹4,000 quarterly cap per merchant.

Preferred merchants

4% on current preferred merchants; 1% on other eligible purchases, without a stated cashback cap. Eligible merchant identifiers determine the accelerated rate.

Fees & exclusions

Current offer: no joining fee and first year free through 31 October 2026, subject to accepted offer. Renewal ₹500 + GST; waived on annual spend greater than ₹3.5 lakh.

Flipkart Axis Bank: fees & key facts

Flipkart Axis Bank credit card fees and key facts
Fees	Current issuer offer: nil joining fee / first year free through 31 October 2026; confirm at application. Renewal ₹500 + applicable taxes. Standard paid-card acquisition terms may differ.
Annual waiver	Annual eligible spend must be greater than ₹3,50,000. Rent and wallet loads do not count; posting dates determine qualification.
Cashback & caps	Myntra 7.5%, capped ₹4,000/statement quarter; Flipkart 5% and Cleartrip 5%, each with its own ₹4,000 quarterly cap. Current preferred merchants 4%; other eligible merchants 1%.
Credit & channels	Cashback is credited to the card statement. Merchant IDs matter; Swiggy food delivery alone qualifies for that preferred rate, not Instamart/Genie. Check the linked current preferred-merchant list.
Welcome	₹250 Flipkart voucher requires a paid joining-fee card and first transaction within 30 days; first-year-free cards are ineligible. Swiggy 50% off up to ₹100 welcome offer is subject to issuer activation terms.
Exclusions	No cashback on fuel, utilities/telecom, jewellery/precious metals, insurance, financial institutions, rent, wallets, education, government, EMI, fees or cash. Flipkart/Myntra gift-card purchases are excluded.
Forex & surcharge	Forex markup 3.5% + GST. Fuel surcharge waiver 1% on ₹400–₹4,000 purchases, maximum ₹400/statement cycle; surcharge GST is not refunded. Fuel has no cashback.

Public issuer terms checked 15 October 2026.

Checked public issuer product and linked terms on 15 October 2026. No signed-in application, real reward credit or redemption transaction was performed. Accepted offer, merchant coding and current account-specific terms apply.

Flipkart Axis current product and acquisition offer Flipkart cashback terms and excluded MCCs Current preferred merchants

Who should get it

Best for shoppers who use the three named partners and stay within each merchant’s quarterly cap. A statement quarter is not a monthly allowance.

The current first-year-free offer affects welcome eligibility: the ₹250 Flipkart voucher is reserved for paid joining-fee cards. No lounge access is promised.

Reward exclusions

Transactions that do not earn Cashback / rewards

Eligibility follows the merchant category code and transaction data received by the issuer, so the merchant name alone may not determine whether a transaction earns rewards.

Fuel, utilities, telecom, jewellery/precious metals and insurance
Financial institutions, rent, wallets, education and government
EMI and EMI conversions, cash, fees and card charges
Gift cards purchased on Flipkart or Myntra

Accelerated cashback uses merchant IDs. Quarterly merchant caps are separate. Fuel surcharge waiver does not make fuel reward-eligible.

Checked 15 October 2026Flipkart Axis current product and acquisition offer Flipkart cashback terms and excluded MCCs Current preferred merchants

Flipkart Axis Bank FAQs

Are Flipkart cashback rewards unlimited?

No. Flipkart, Cleartrip and Myntra each have a ₹4,000 statement-quarter cap. The 4% preferred and 1% eligible base buckets are listed as unlimited.

Is the card lifetime free?

No. The current limited offer waives joining/first-year fees. Renewal is ₹500 plus GST unless eligible annual spending exceeds ₹3.5 lakh.

Do first-year-free cards get the ₹250 Flipkart voucher?

No. The product page restricts that voucher to cards with a paid joining fee. Check your accepted acquisition offer.

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