Flipkart Launches a co-branded credit card with AxisBank

By | July 11, 2019

After Amazon, Paytm & Ola Cabs, here comes another co-branded credit card in the market from Flipkart on Mastercard platform, to be issued by Axisbank. While Flipkart already has Axis Buzz credit card, which is basically a Flipkart credit card, it never got that popular.

So it looks like Flipkart decided to come up with another variant with features in line with the new trend in industry for entry-level cards: Flat cashback %

  • Joining/Annual Fee: Rs.500 (annual fee waived on 2L spend)
  • Welcome benefits: Rs.500 Flipkart Voucher & more
During Launch of Flipkart Credit Card (Image: Moneycontrol)

Benefits at Glance

  • 5% Cashback on Flipkart, Myntra, and 2GUD spends
  • 4% Cashback on MakeMyTrip, Goibibo, Uber, PVR, Curefit, and UrbanClap spends
  • 1.5% Unlimited Cashback elsewhere
  • Domestic Airport Lounge Access: 4/Yr

While these are the details known so far, I’ll keep you updated when I get to know more.

So just like all other co-branded credit cards that were recently launched, this too is an entry-level credit card with a light mix of premium credit card benefits, as it also gives you domestic airport lounge access which is Mastercard’s USP.

How to Apply?

The bank is planning to allow only select users to apply for now but we can expect it to be open for all in coming weeks.

Multiple Cards: Axisbank usually issues upto 2 credit cards per person, but I’m unsure if they can issue 2 co-branded credit cards as most of us hold one of their Vistara co-branded credit cards.

Bottomline

Overall its a decent card and infact Flipkart’s credit card wins over the rest with its lounge access benefit, but again comes with Rs.500 joining fee, which is OKAY as you anyway get the equivalent Flipkart voucher as welcome benefit.

Anyway, its good to see some rewarding credit cards from Axisbank too, which is known for their history of poorly rewarding cards, except those with Vistara.

What’s your take on the new Flipkart credit card by Axisbank? Feel free to share your thoughts in the comments below.

Source: CNBC/Uniindia

Author: Siddharth

I love Credit Cards! Minting reward points and cashback for years. Now exploring Airmiles & Hotel loyalty programs. Obsessed with aviation, airport lounges and luxury travel at affordable cost.

31 thoughts on “Flipkart Launches a co-branded credit card with AxisBank

  1. Prashant Gupta

    Looks a good card and a rival for amazon pay card. But amazon pay i think wins in terms of payment made to partners and bill paymet where one gets 2%….T
    his cards 4% cashback on mmt,UC,Uber etc are very attractive for an entry level card…

    Reply
  2. Praveen Katiyar

    Overall a nice proposition. Apart from partner offers, other gud thing is cashback.
    1.5% default cashback is gud enuf for entry level card.

    Reply
  3. Vinod Kannan

    On SBI Elite card, you get 1.75% Cashback only when u spend 10 Lakhs. When u see the Cumulative Cashback potential of this card, it beats SBI Elite Hands down. Also this is much better than all other wallet cards. This offers a flat 1.5% cashback which is much better than Amazon Pay which offers only 1% Cashback elsewhere. Also this offers Free Lounge access. U can always have the Annual fee waived by spending 2 lakhs easily.

    Reply
  4. Ankit Malhotra

    The 4% on MMT handsomely beats the ICICI MMT card. The card will be revised shortly. 4% on Uber and CureFit and the 1.5% generic cashback makes it a very lucrative daily driver card. I suspect this will be revised very very soon once the user base is pulled in.

    Reply
  5. Vinod Kannan

    Have to see how flipkart proceeds with the card acquisition. It was very smooth in case of Amazon Pay since everything was online and Pre-approved. If that is also the case with Flipkart, then this card will be a superhit.

    Reply
  6. Captain Bishuddha Bharatiya

    Default reward rate of 1.5% is way more than Regalia and many other bank’s premium cards. It’s a really big advantage . I would love to get hands on.

    Reply
  7. Dr.Hardik Patel

    Is there any cap on cashback like upto this and this?

    Reply
    1. ravi

      Unlimited cashback. That’s what AXIS bank website mentions. But the cashback will be as Flipkart cash. Can be used only on Flipkart website

      Reply
    2. Raghu

      No. It’s unlimited cashback to CC statement (before the next statement cycle though)

      Reply
  8. Points Addict

    If we leaveout lounge access and Foreign Currency markup, this is more or less competing with YFE, isn’t it?

    Reply
  9. Vinod Kannan

    @Hardik Patel… Nope… The Cashback is Unlimited, Both Regular and Accelerated ones.

    Reply
  10. DareDevil

    The competition is getting better out of the start ups. 0.5% to 1% and now 1.5%.
    Great going !!
    Waiting for a start up like Brex in India.

    Reply
  11. Shikhar Makkar

    The card is now live on axis bank website and is open to everyone for application. Looking at the T&Cs, ICICI Amazon Pay card seems to be a better proposition. No cashback for wallet loading, fuel spends, purchase of gold items, EMI transactions and purchase of gift cards 🙁

    Reply
  12. Habeeb

    Today morning I have noticed a banner on Flipkart Android & ios app to register for this card. It says “Launching Flipkart Axis Bank Credit Card. Get Flat 5% Cashback* | No Upper Limit. Register Now”.
    The next step asks name, email, phone number and a ‘Notify Me’ buttom.
    After this step there is a message Like “Success Thank you for showing your interest in Flipkart Axis Bank Credit Card. YOU WILL BE NOTIFIED SOON!!”.
    After registration the banner disappeared.
    Anybody else registered? is This option available to all users?

    Reply
  13. Ratnesh kumar

    Now show your interest badge, for this card is available on flipkart app.
    After clicking prefilled detail like name ,email,mobile coming and once clicking submit message pop up saying we will notify you soon…

    Reply
  14. craditfreaks

    One can show the interest for the card on Flipkart application page by providing email and mobile number.

    Reply
  15. Raghu

    All this really brings up the question – How many cards is it ok for a person hold? I spend around 7-8 lakhs per annum on credit cards.
    I hold the following already:
    1. Citi Rewards (from 2010) (Limit ~1L)
    2. HDFC Regalia (from 2013) (Limit ~6.5L)
    3. SBI Prime (from Jan 2019) (Limit ~1.7L)
    4. Amazon Pay ICICI CC (from July 2019) (Limit ~5L)

    Reply
    1. Praveen Katiyar

      Haahaa.. Nice thought..
      I can say hold as many card as you can manage ‘sanely’.. after a point u began to notice that you are not able fulfill the min. spends needed for fee waiver that’s when you need to take a pause and re-strategize.. with LTF this becomes simple.. or i can say that if u can justify the annual fee with benefits hold the card else think again..

      Reply
  16. ARR

    Hi all,
    Flipkart is inviting registrations for this card through its app.

    Reply
    1. Shivi

      @ Bhoi Bhai:

      Axis is a Bank, Flipkart is a site – Neither is a credit card.

      Reply
  17. ANIL RAJ I S

    Good card and super rewards program. But I prefer amazon pay Icici credit card as I generated card instantly and got Rs 500 cash back instantly.

    I have Flipkart plus membership but I think I don’t get this card as Axis Bank directly provide this card.

    Reply
  18. Amanpreet Bindra

    The axis bank website is showing the card but no option to apply. Registered via FK app though. Due to past bad experience with Axis, had kept axis out of my list for credit card options, but this one looks like a good deal.

    Reply
  19. praveen

    Applied for this card using my existing axis buzz card from Flipkart app and the new card is instantly generated … Felt good untill I realized they have actually swapped my buzz card with this new card !!!

    Reply
  20. Nihar

    With this card launch Flipkart has devalued its own Flipkart Plus program, earlier Hotstar prime was available for 50 plus coins . Now they have spiked it to 750 supercoins (not 500) .

    Reply
    1. Raghu

      Yeah. that’s sad. Flipkart has one of the worst and most complicated loyalty programs ever. it just sucks.

      Reply
  21. Sharathkumar Anbu

    I just had a word with flipkart customer care regarding the application. I was told that application is open only for members who already have axis bank buzz credit card. They will get banner in the app / website to apply for the credit card.

    For others, it will be opened later it seems.

    Reply
    1. Praveen

      For buzz card holders, it’s instant conversion from buzz to the new card on Flipkart app… It’s takes only a couple of minutes…

      Reply
      1. Teja

        I have buzz card .. can u please explain the process how to change to the new card

        Reply

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