Axis BankFlipkart
Mastercard
Axis Bank · Mastercard
Flipkart
Joining ₹500 · Annual ₹500 · Waived on ₹3.5L annual spend excluding rent & wallet loads
Fee break-even: ≈₹50,000/yr through this card at its base rate. Below that, the fee eats the rewards.
Earns Statement cashback. Auto-credited against the next statement. No redemption step or fee
Verified 7 Aug 2026Forex markup3.5%
GolfNone
ConciergeNone
Fuel surcharge1% on ₹400 to ₹4,000 transactions, max ₹400/month
International loungeNone
EMI₹299 plus GST below ₹50,000, ₹599 plus GST at ₹50,000 and above processing fee · A converted purchase stops earning rewards · The fee is charged on every conversion and is not refunded if you cancel or pre close, so on a no cost EMI deal it is the one thing you genuinely pay. Tenures run 3 to 24 months. · Purchases converted to EMI earn nothing
Domestic loungeNone. Complimentary domestic lounge access removed Jun 2025
Return by category
| Category | Return | Notes |
|---|---|---|
| Online spend | 1% | 5% is Flipkart-only, not all online. Other online spends earn the base 1% |
| Amazon | 1% | Uses its online rate |
| Flipkart | 5% | ₹4,000 cashback/quarter on Flipkart (≈₹80,000 spend). Myntra earns 7.5% with its own separate ₹4,000/quarter cap · 5% is Flipkart-only, not all online. Other online spends earn the base 1% |
| Subscriptions & OTT | 1% | Uses its online rate |
| Offline spend | 1% | Base rate |
| UPI spending | 0% | Visa, Mastercard and Amex credit cards can't be linked to UPI. RuPay is the only network NPCI allows for credit-on-UPI. |
| Dining | 1% | Swiggy (incl. Instamart) as preferred partner. Restaurants elsewhere earn 1% |
| Swiggy | 4% | Swiggy (incl. Instamart) as preferred partner. Restaurants elsewhere earn 1% |
| Zomato | 1% | Uses its dining rate |
| Groceries | 1% | Base rate |
| Quick commerce | 1% | Base rate |
| Swiggy Instamart | 4% | Swiggy (incl. Instamart) as preferred partner. Restaurants elsewhere earn 1% |
| Blinkit | 1% | Base rate |
| BigBasket | 1% | Base rate |
| Movies & shows | 1% | The 4% is PVR only, on direct PVR bookings. Other cinemas and ticketing sites earn the 1% base. |
| BookMyShow | 1% | Uses its movies rate |
| PVR INOX | 4% | 4% on direct PVR bookings, as one of the card's preferred partners. |
| Fuel | 0% | No cashback (surcharge waiver instead) |
| Travel (general) | 1% | The 5% is Cleartrip only. Every other travel booking earns the 1% base. |
| Flights | 1% | Uses its travel rate |
| Hotels | 1% | Uses its travel rate |
| MakeMyTrip | 1% | Uses its travel rate |
| IRCTC rail | 1% | Uses its travel rate |
| International | −2.5% | 1% reward − 3.5% forex markup |
| Utilities & bills | 0% | No cashback |
| Rent | 0% | No cashback, plus a 1% rent surcharge capped ₹1,500/transaction |
| Education fees | 0% | No cashback |
| Insurance premiums | 0% | No cashback |
| Government & tax | 0% | No cashback |
| Wallet loads | 0% | No cashback on wallet loads |
| Anything else | 1% | Base rate |
| Jewellery | 0% | Gold/jewellery purchases excluded |
Rates are the card's own published rates, before any spend profile. Add this card inMy cards to rank it against the rest of your wallet.
Also worth knowing
- Welcome: ₹250 Flipkart voucher + ₹100 Swiggy voucher
- EazyDiner 15% off up to ₹500
- Myntra 7.5% is the quiet star (own ₹4,000/quarter cap)
- Preferred fitness partner in flux. Sources disagree (cult.fit vs FitPass)
Other exclusions
- Flipkart/Myntra gift card purchases earn nothing
- Purchases converted to EMI earn nothing
Sources
Every figure above comes from the issuer's own pages and documents. Last verified 7 Aug 2026.