🛒 Flipkart Axis Bank vs Flipkart SBI Credit Card
India’s Most Complete Flipkart Co-Branded Credit Card Comparison — Cashback, Fees, Eligibility, Features & Full Value Chart
✦ UPDATED: APRIL 2026 ✦📋 Table of Contents
Flipkart Axis Bank Credit Card
Co-branded with Flipkart, Myntra & Cleartrip | Network: Mastercard
🏦 Issued by: Axis Bank
⭐ Features & Benefits
💡 Welcome Benefits (Paid Card Only): Flipkart voucher ₹250 + BookMyShow voucher ₹250 + Free 3-month Myntra Insider Membership + 50% off up to ₹100 on first Swiggy order (all cards). Total activation value: up to ₹600–₹850.
🛍️ Cashback on Flipkart & Partners
- 5% cashback on Flipkart & Cleartrip spends (capped ₹4,000/quarter/merchant)
- 7.5% cashback on Myntra spends (capped ₹4,000/quarter)
- 4% cashback on Swiggy, Uber, PVR, Cult.fit (unlimited)
- 1% cashback on all other eligible categories (unlimited)
- Cashback credited directly to statement (next billing cycle)
✈️ Travel & Lounge Benefits
- 4 complimentary domestic airport lounge visits per calendar year
- Instant savings up to 15% on flights & hotels via MakeMyTrip
- EMI conversion on transactions above ₹2,500
- Cleartrip travel bookings — extra savings on flights & hotels
🍽️ Dining Benefits
- Up to 15% discount (max ₹500) at 10,000+ partner restaurants
- Via Axis Bank Dining Delights / EazyDiner programme
- Wednesday special dining and lifestyle offers
- 4% cashback on Swiggy food orders (unlimited)
⛽ Fuel & EMI
- 1% fuel surcharge waiver on transactions ₹400–₹4,000
- Max waiver: ₹400 per statement cycle
- Convert purchases above ₹2,500 to EMI via phone banking
- Low EMI interest rate available
🛡️ Security & Card Features
- Contactless (NFC) tap-to-pay enabled
- EMV chip for secure transactions
- Zero liability on lost/stolen card fraud (report immediately)
- Free add-on card for family members
- Card freeze/unfreeze via Axis Mobile app
🎁 Annual Fee Waiver
- Annual fee waived on spending ₹3,50,000 or more in the year
- Rent payments & wallet loads excluded from spend count
- First-year free offer available through select channels
- Paid card gets full welcome benefit package
⚠️ Important Note (2025 Devaluation): Axis Bank removed complimentary lounge access in June 2025 and reduced Myntra cashback from 5% to a higher 7.5% (but introduced quarterly caps). The annual fee waiver threshold was also raised from ₹2 lakh to ₹3.5 lakh. Existing cardholders should review if the card still meets their needs.
💸 Fees & Charges
| Fee Type | Amount | Notes |
|---|---|---|
| Joining Fee | ₹500 + 18% GST (₹590 total) | First year free via select channels |
| Annual Renewal Fee | ₹500 + 18% GST (₹590 total) | Waived on annual spends ≥ ₹3,50,000 |
| Finance Charges (Interest) | 3.6% per month (52.86% p.a.) | Applied on revolving credit from transaction date |
| Cash Withdrawal Fee | 2.5% of amount (min ₹500) | Finance charges apply from day of withdrawal |
| Foreign Currency Markup | 3.50% of transaction value | On all international transactions |
| Late Payment Fee | Up to ₹1,200 | ₹500 (₹501–₹5,000) | ₹750 (₹5,001–₹10,000) | ₹1,200 (above ₹10,000) |
| Over Limit Fee | 2.5% of over-limit amount (min ₹500) | Charged when credit limit is exceeded |
| Cheque/ECS Bounce Fee | 2% of amount (min ₹450, max ₹1,500) | Per dishonored payment |
| Rent Transaction Fee | 1% (max ₹1,500) per transaction | Applied on rental payments |
| Cash Payment at Branch | ₹100 per instance | For paying bill in cash at branch |
| Card Replacement | ₹0 (Free) | Lost/stolen card replacement at no charge |
| Add-on Card | ₹0 (Free) | Complimentary add-on cards for family |
| Railway Ticket Surcharge | As per IRCTC/Indian Railways | Applicable on IRCTC bookings |
✅ Eligibility & Documents
👤 Eligibility Criteria
- Age: 18 to 70 years (primary cardholder)
- Resident Indian or NRI
- Salaried: Min. monthly income ₹15,000
- Self-employed/Business: Min. monthly income ₹30,000
- Good CIBIL/credit score (750+ recommended)
- No active defaults or serious credit history issues
- Axis Bank reserves the right to approve/decline
📄 Documents Required
- Identity Proof: PAN Card (mandatory), Aadhaar, Passport, Voter ID, Driving Licence
- Address Proof: Aadhaar, Passport, Utility bills, Rent agreement
- Income Proof (Salaried): Last 3 months salary slips, Form 16, bank statements
- Income Proof (Self-employed): ITR copies, audited financials
- Passport-size colour photograph
- Form 60 (if no PAN card)
📊 Value Chart — Monthly Savings Illustration
| Spend Category | Monthly Spend | Cashback Rate | Monthly Cashback | Annual Cashback |
|---|---|---|---|---|
| Flipkart Shopping | ₹5,000 | 5% | ₹250 | ₹3,000 |
| Myntra Fashion | ₹3,000 | 7.5% | ₹225 | ₹2,700 |
| Swiggy / Food | ₹2,000 | 4% | ₹80 | ₹960 |
| Uber Rides | ₹1,500 | 4% | ₹60 | ₹720 |
| Other Spends | ₹5,000 | 1% | ₹50 | ₹600 |
| TOTAL | ₹16,500 | — | ₹665 | ₹7,980 |
| Annual Fee: ₹590 | Net Annual Benefit: ~₹7,390 | Fee waiver on ₹3.5L+ annual spend | ||||
📌 Note: Flipkart & Myntra cashback capped at ₹4,000/quarter/merchant. If you spend ₹80,000+/quarter on Flipkart, additional spends yield no cashback. Illustration assumes spending within quarterly caps.
🛠️ Services
📱 Digital Services
- Axis Mobile App — card management, statements, limits
- Net Banking — full online account management
- WhatsApp Banking — +91 70361 65000
- UPI linked payments (select variants)
- EMI conversion via phone banking / app
- Virtual card for online shopping security
🏦 Banking Services
- Balance transfer from other credit cards
- Flexipay EMI on purchases ₹2,500+
- Auto-debit for bill payments
- Reward/cashback statement tracking
- Easy bill payments via app/net banking
- Customer care: 1860-419-5555 / 1860-500-5555
Flipkart SBI Credit Card
Co-branded with Flipkart, Myntra, Cleartrip & Shopsy | Network: Visa / Mastercard
🏦 Issued by: SBI Cards & Payment Services (SBI Card)
⭐ Features & Benefits
💡 Welcome Benefits: ₹250 Flipkart Gift Card within 60 days of joining fee payment (valid 1 year) + Additional benefits worth ₹1,000 on first Flipkart transaction within 30 days of approval + Visa Offer: Amazon Pay/Swiggy/Zomato voucher up to ₹750 on activating with min. transaction ₹300. 1st year fee waived for cards approved between 17th March–30th April 2026.
🛍️ Cashback on Flipkart & Partners
- 5% cashback on Flipkart, Shopsy & Cleartrip (capped ₹4,000/quarter/merchant)
- 7.5% cashback on Myntra (capped ₹4,000/quarter)
- 4% cashback on Zomato, Uber, PVR, Netmeds (capped ₹4,000/quarter combined)
- 1% cashback on all other eligible categories (unlimited, no cap)
- Cashback auto-adjusted in next month’s statement — no manual redemption
✈️ Cleartrip Travel Benefits
- 7% instant discount on domestic flights (max ₹1,500)
- 7% instant discount on international flights (max ₹5,000)
- 20% instant discount on hotel bookings via Cleartrip
- 10% instant discount on bus bookings via Cleartrip
- Plus 5% cashback on Cleartrip in addition to above discounts
⛽ Fuel & EMI
- 1% fuel surcharge waiver on transactions ₹500–₹4,000
- Max waiver: ₹400 per statement cycle
- Flexipay EMI: Convert purchases ₹2,500+ to easy EMIs
- Balance transfer from other credit cards at lower interest
🛡️ Security & Card Features
- EMV chip for secure offline transactions
- Contactless payments up to ₹5,000 per tap
- Touch ID / Face ID / M-PIN via SBI Card app
- Zero liability on lost card fraud (report promptly)
- Available on Visa and Mastercard networks
- Not available on RuPay (no UPI linking on most variants)
🎁 Annual Fee Waiver
- Annual fee reversed on spending ₹3,50,000+ in previous membership year
- Fuel, wallet, govt, jewellery excluded from count
- 1st year fee currently waived (limited period offer till April 2026)
- Welcome benefits include ₹250 Flipkart gift card on fee payment
🎪 Festival & Seasonal Offers
- Exclusive access during Flipkart Big Billion Days
- Myntra End-of-Season Sale — instant discounts
- Seasonal cashback on electronics, travel, lifestyle
- Utility bill payment via Easy Bill Pay facility
💸 Fees & Charges
| Fee Type | Amount | Notes |
|---|---|---|
| Joining Fee | ₹500 + applicable taxes | Currently waived (limited period till Apr 2026) |
| Annual Renewal Fee | ₹500 + applicable taxes | Reversed on annual spends ≥ ₹3,50,000 |
| Finance Charges (Interest) | Up to 3.75% per month (45% p.a.) | From purchase date on revolving credit |
| Cash Advance Fee | 2.5% of amount or ₹500 (whichever higher) | Plus finance charges from date of withdrawal |
| Foreign Currency Markup | 3.5% of transaction value | On all international transactions |
| Late Payment Fee | Up to ₹1,300 | Based on outstanding amount slabs |
| Over Limit Fee | 2.5% of over-limit amount or ₹600 (whichever higher) | When credit limit exceeded |
| Payment Dishonor Fee | 2% of payment amount (min ₹500) | ECS/cheque bounce charges |
| Cash Payment at Branch | ₹250 + applicable taxes | For paying bill in cash at SBI branch |
| Utility Payment Fee | 1% if utility payments exceed ₹50,000/cycle | Applied on excess utility bill payments |
| Card Replacement | ₹100 to ₹250 | For lost/damaged card replacement |
| Rewards Redemption Fee | ₹99 (on physical product redemption only) | Not applicable for statement credit |
✅ Eligibility & Documents
👤 Eligibility Criteria
- Resident Indian (Indian citizenship required)
- Age: 18 years and above
- Stable and regular source of income
- Good credit history (CIBIL score 700–750+ preferred)
- No active defaults or serious credit issues
- SBI Card reserves the right to approve/decline
- Can apply via Flipkart app, SBI Card website or SPRINT
📄 Documents Required
- Identity Proof: Aadhaar Card, Passport, PAN Card, any govt-issued photo ID
- Address Proof: Aadhaar, PAN, Utility bills, other valid address documents
- Income Proof: Salary slips (last 3 months), bank statements, Form 16, ITR
- Multiple passport-size photographs
- e-KYC process available digitally (video KYC)
- Additional documents may be required case-by-case
📊 Value Chart — Monthly Savings Illustration
| Spend Category | Monthly Spend | Cashback Rate | Monthly Cashback | Annual Cashback |
|---|---|---|---|---|
| Flipkart Shopping | ₹5,000 | 5% | ₹250 | ₹3,000 |
| Myntra Fashion | ₹3,000 | 7.5% | ₹225 | ₹2,700 |
| Zomato / Food | ₹2,000 | 4% | ₹80 | ₹960 |
| Cleartrip Travel | ₹3,000 | 5%+discounts | ₹150+ | ₹1,800+ |
| Netmeds / Medicine | ₹1,000 | 4% | ₹40 | ₹480 |
| Other Spends | ₹4,000 | 1% | ₹40 | ₹480 |
| TOTAL | ₹18,000 | — | ₹785+ | ₹9,420+ |
| Annual Fee: ₹500+taxes | Net Annual Benefit: ~₹8,920+ | Fee waiver on ₹3.5L+ annual spend | Cleartrip instant discounts add extra value beyond cashback | ||||
📌 Note: Cashback capped at ₹4,000/quarter per merchant for Flipkart, Myntra, Cleartrip. 4% partner cashback also capped at ₹4,000/quarter combined. 1% on other spends has no cap. Cleartrip instant discounts are separate from cashback and add additional value.
🛠️ Services
📱 Digital Services
- SBI Card Mobile App — Touch ID, Face ID, M-PIN login
- Net Banking via SBI Card website
- Apply & track application via Flipkart App
- SPRINT platform for instant application
- Contactless payments up to ₹5,000 per tap
- Easy Bill Pay for utility bills
🏦 Banking Services
- Balance transfer from other credit cards
- Flexipay EMI on purchases ₹2,500+
- Auto-debit setup for monthly bill payments
- Cashback auto-credited to statement — no manual claim
- Global emergency card assistance (Visa/Mastercard)
- Customer care: SBI Card Helpline (available on card/website)
⚖️ Flipkart Axis Bank vs Flipkart SBI — Side-by-Side
💰 Cashback Comparison
| Category | 🟥 Flipkart Axis Bank | 🔵 Flipkart SBI Card |
|---|---|---|
| Flipkart | 5% (capped ₹4,000/quarter) | 5% (capped ₹4,000/quarter) |
| Myntra | 7.5% (capped ₹4,000/quarter) | 7.5% (capped ₹4,000/quarter) |
| Cleartrip | 5% (capped ₹4,000/quarter) | 5% + instant discounts (7–20% extra) |
| Swiggy | ✅ 4% (unlimited) | ✅ 4% (capped ₹4,000/qtr combined) |
| Uber | ✅ 4% (unlimited) | ✅ 4% (capped ₹4,000/qtr combined) |
| Zomato | ❌ Not a partner | ✅ 4% cashback |
| Netmeds/Medicine | ❌ Not a partner | ✅ 4% cashback |
| PVR Movies | ✅ 4% cashback | ✅ 4% cashback |
| Cult.fit / Gym | ✅ 4% cashback | ❌ Not listed |
| Other Eligible Spends | 1% (unlimited) | 1% (unlimited) |
| Cashback Credit Mode | Direct statement credit | Auto-adjusted in statement |
| Partner 4% Cap | Unlimited (no cap on partners) | ₹4,000/quarter combined cap |
💸 Fees Comparison
| Fee Type | 🟥 Flipkart Axis Bank | 🔵 Flipkart SBI Card |
|---|---|---|
| Joining Fee | ₹500 + GST = ₹590 | ₹500 + taxes |
| Annual Fee | ₹500 + GST = ₹590 | ₹500 + taxes |
| Annual Fee Waiver | Spend ₹3,50,000/year | Spend ₹3,50,000/year |
| Interest Rate | 3.6%/month (52.86% p.a.) | Up to 3.75%/month (45% p.a.) |
| Cash Advance Fee | 2.5% (min ₹500) | 2.5% or ₹500 (higher) |
| Forex Markup | 3.50% | 3.50% |
| Late Payment | Up to ₹1,200 | Up to ₹1,300 |
| Card Replacement | ₹0 (Free) | ₹100–₹250 |
| Add-on Card | ₹0 (Free) | ₹0 (Free) |
| Cash Payment at Branch | ₹100 | ₹250 + taxes (higher) |
🔍 Features Comparison
| Feature | 🟥 Flipkart Axis Bank | 🔵 Flipkart SBI Card |
|---|---|---|
| Card Network | Mastercard | Visa / Mastercard |
| UPI Linking | Limited (select variants) | Limited (Visa/MC, not RuPay) |
| Airport Lounge Access | 4 domestic visits/year | ❌ Not offered |
| Dining Benefits | ✅ Up to 15% at 10,000+ restaurants | ❌ No specific dining programme |
| Travel Discounts | MakeMyTrip up to 15% off | Cleartrip 7–20% instant discounts ⭐ |
| Medicine Cashback | ❌ Not available | ✅ 4% on Netmeds |
| Shopsy Support | ❌ Not mentioned | ✅ 5% cashback on Shopsy |
| Zomato Cashback | ❌ Not a partner | ✅ 4% cashback |
| Contactless Payment | ✅ Yes (NFC) | ✅ Yes (up to ₹5,000/tap) |
| EMI Conversion | ₹2,500+ via phone banking | ₹2,500+ via Flexipay |
| Balance Transfer | Available | Available (up to 75% credit limit) |
| Cashback Redemption | Auto statement credit | Auto statement credit ⭐ (simpler) |
| Issued By | Axis Bank (Private) | SBI Card (Public Sector backing) |
| Min. Income (Salaried) | ₹15,000/month | Stable income (not specified publicly) |
| Welcome Gift Value | ₹600–₹850 (paid card) | ₹1,250+ (₹250 gift card + ₹1,000 Flipkart bonus) |
🚫 What is NOT Covered (Cashback Exclusions)
Both cards exclude the following categories from cashback/rewards. Always check before spending:
⛽ Fuel Spends
🏠 Rental Payments
💰 Wallet Loading
🏛️ Government Services
📚 Education/School Fees
💎 Jewellery Purchases
🛡️ Insurance Payments
🎮 Gaming Transactions (SBI)
💳 EMI Transactions
🎁 Gift Card Purchases on Flipkart/Myntra
💸 Cash Advances/ATM
🏦 Card Fee Payments
📱 Prepaid Card/Voucher Load
🌐 Telecom (Axis)
⏰ Standing Instructions on excluded categories
⚠️ Important: Even Flipkart purchases converted to EMI post-purchase do NOT earn cashback. Also, purchases made on Flipkart Health are excluded from the Axis Flipkart cashback. Always read the latest T&C on the official bank website as partner lists and exclusions may change.
🏆 Which Card Should You Choose?
Based on spending habits — April 2026
🟥 Choose Flipkart Axis Bank Card if…
You want unlimited cashback on partners (Swiggy, Uber, PVR) with no quarterly cap. You value airport lounge access (4 visits/year) and dining discounts at 10,000+ restaurants. You have a min. income of ₹15,000/month and prefer Axis Bank’s ecosystem. You shop heavily on Flipkart but also spend on lifestyle categories regularly.
🔵 Choose Flipkart SBI Card if…
You want higher welcome benefits (₹1,250+ vs ₹600–850) and prefer SBI’s trust and reliability. You book travel on Cleartrip frequently (7–20% instant discounts are exceptional). You order on Zomato or buy medicines on Netmeds. You prefer a simpler auto-cashback system and are comfortable with quarterly caps. You’re currently getting 1st year free (limited offer April 2026).
Bottom Line: Both cards offer identical core cashback on Flipkart (5%) and Myntra (7.5%). The Axis card wins on unlimited partner cashback and lounge access. The SBI card wins on welcome benefits, Cleartrip travel discounts, Zomato/Netmeds coverage, and Shopsy support. Neither card is clearly “better” — the right choice depends entirely on your lifestyle and where you spend most.
🔑 Key Differences at a Glance
🟥 Axis Bank Card Advantages
- Unlimited 4% cashback on partners (no quarterly cap)
- 4 complimentary domestic airport lounge visits/year
- 15% dining discount at 10,000+ restaurants
- Cult.fit cashback available
- Free card replacement on loss
- Lower cash payment fee at branch (₹100 vs ₹250)
- Part of Axis Bank ecosystem — combined with savings account benefits
🔵 SBI Card Advantages
- Higher welcome benefits (₹1,250+ total)
- Cleartrip: 7–20% instant discounts PLUS 5% cashback
- 4% cashback on Zomato (not available on Axis)
- 4% cashback on Netmeds/medicine (not on Axis)
- 5% cashback on Shopsy platform
- Backed by India’s largest bank (SBI)
- 1st year joining fee waived (limited period, April 2026)
- Available on Visa and Mastercard
❓ FAQs — Flipkart Credit Cards 2026
Which Flipkart credit card is better in 2026 — Axis Bank or SBI?
Both cards offer identical cashback on Flipkart (5%) and Myntra (7.5%). The Axis Bank card wins for unlimited partner cashback and lounge access. The SBI Card wins for higher welcome benefits, Cleartrip instant discounts, Zomato/Netmeds cashback, and Shopsy support. Choose Axis if you value lifestyle perks; choose SBI if you travel frequently or order Zomato/medicine online.
Is the Flipkart Axis Bank Credit Card lifetime free?
No. The Flipkart Axis Bank Credit Card charges a joining fee of ₹500 + GST and an annual renewal fee of ₹500 + GST. However, the annual fee is waived if your total annual spending exceeds ₹3,50,000. A first-year free offer may be available through select partner portals — check at the time of application.
Is the Flipkart SBI Credit Card free in 2026?
A limited-period offer waives the 1st year joining fee for cards approved between 17th March and 30th April 2026. Outside this offer, the joining fee is ₹500 + taxes. The annual renewal fee of ₹500 + taxes is reversed if you spend ₹3,50,000 or more in the previous membership year.
Does the Flipkart Axis Bank Card still offer lounge access in 2026?
Yes, the Flipkart Axis Bank Credit Card currently offers 4 complimentary domestic airport lounge visits per calendar year. Note that in June 2025, Axis Bank removed the lounge access for some time but it has been reinstated. Always verify on the official Axis Bank website before travelling, as benefits can be modified.
How is cashback credited on these cards?
On both cards, cashback is directly credited to your credit card statement — not to a separate wallet or platform balance. On the Axis Bank card, cashback earned in the current billing cycle is credited in the next billing cycle, 3 days before statement generation. On the SBI Card, cashback is automatically adjusted against the next month’s bill. No manual redemption is required on either card.
What is the quarterly cashback cap on these cards?
Both cards cap Flipkart and Myntra cashback at ₹4,000 per quarter per merchant. To reach this cap on Flipkart (at 5% cashback), you would need to spend ₹80,000 per quarter on Flipkart. On the SBI Card, the 4% partner cashback (Zomato, Uber, PVR, Netmeds) is capped at ₹4,000 per quarter combined. On the Axis Bank card, the 4% partner cashback has no cap (unlimited).
Can I use these cards for international transactions?
Yes, both cards support international transactions. A foreign currency markup of 3.50% applies on all overseas spending for both cards. These cards are not ideal for international use due to the high forex markup. Consider a dedicated travel card with zero forex markup for international travel.
What is the minimum income required for these cards?
For the Flipkart Axis Bank Credit Card: salaried applicants need a minimum monthly income of ₹15,000 and self-employed applicants need ₹30,000/month. For the Flipkart SBI Credit Card, SBI Card requires a stable income source but does not publicly specify a fixed minimum — eligibility is assessed based on CIBIL score, income, and overall credit profile.
Does Flipkart SBI Card support UPI payments?
The Flipkart SBI Credit Card is available on Visa and Mastercard networks only — it is not available on RuPay. Most UPI apps require a RuPay credit card for UPI linking, so UPI payments via this card are generally not supported. Always confirm with SBI Card at the time of issuance, as this may change with future variants.
How long does it take to receive the credit card after approval?
For the Flipkart Axis Bank Credit Card, the physical card is typically delivered within 7–10 working days after approval. The credit card decision is communicated within 21 working days. For the Flipkart SBI Credit Card, approval decisions are usually made within 3–5 working days after video KYC verification completes, with delivery within 7–10 working days.
Are EMI transactions eligible for cashback?
No. Purchases converted to EMI — whether at the time of purchase or post-purchase — are NOT eligible for cashback on either card. This applies to both Flipkart Axis Bank and Flipkart SBI Credit Cards. If you cancel an EMI transaction on the Axis Bank card, you must also cancel the EMI via phone banking before the first EMI is debited to avoid excess reversal of cashback.
⚠️ Disclaimer
This blog is for informational and educational purposes only. All data, fees, cashback rates, eligibility criteria, and features mentioned in this article have been sourced from official bank websites (axis.bank.in, sbicard.com), publicly available financial research platforms, and verified sources as of April 2026.
Important points to note:
- Credit card features, cashback rates, fees, partner lists, and benefits are subject to change by the issuing banks at any time without prior notice.
- The cashback caps, partner merchants (Swiggy, Zomato, Uber, etc.), and lounge access details mentioned are valid as of April 2026 and may have changed since publication.
- Approval of a credit card is at the sole discretion of the respective bank (Axis Bank / SBI Card). Meeting eligibility criteria does not guarantee card approval.
- This blog does not constitute financial advice. Please consult a certified financial advisor before making credit card decisions.
- The value charts and cashback illustrations are hypothetical examples for reference only. Actual savings may vary based on individual spending patterns, categories, and quarterly caps.
- Images of credit cards used in this blog are for illustrative purposes. Actual card designs may vary.
- Always refer to the official Axis Bank website and official SBI Card website for the most current and accurate information before applying.
