Skip to main content

Flipkart Axis Bank Credit Card Review

If you are a frequent online shopper, you might have come across the Flipkart Axis Bank Credit Card. This is a co-branded credit card that offers attractive rewards and benefits on online shopping, especially on Flipkart and its partner websites. But is it worth applying for? In this blog post, we will review the features, benefits, fees and charges of the Flipkart Axis Bank Credit Card and help you decide if it suits your needs and preferences.


Features of Flipkart Axis Bank Credit Card


- The Flipkart Axis Bank Credit Card is a Visa Signature card that comes with a contactless payment feature. You can simply tap your card at any NFC-enabled terminal to make payments without entering your PIN or signing a receipt.

- The card offers 5% cashback on Flipkart, Myntra and 2GUD purchases, 4% cashback on preferred merchants (such as Uber, Swiggy, PVR, etc.) and 1.5% cashback on all other spends. The cashback is credited to your card account every month and can be used to pay your outstanding balance or make purchases on Flipkart and its partner websites.

- The card also offers welcome benefits worth Rs. 3,300, which include Rs. 500 worth of Flipkart vouchers, Rs. 500 worth of Myntra vouchers, Rs. 1,500 worth of MakeMyTrip vouchers and Rs. 800 worth of Gaana Plus subscription for 6 months.

- The card also offers complimentary airport lounge access (up to 4 times per year), fuel surcharge waiver (up to Rs. 500 per month), no-cost EMI facility on Flipkart purchases and discounts on dining, entertainment and travel.


Fees and Charges of Flipkart Axis Bank Credit Card


- The Flipkart Axis Bank Credit Card has an annual fee of Rs. 500, which is waived off if you spend more than Rs. 2 lakh in a year.

- The interest rate on the card is 3.4% per month or 49.36% per annum, which is on the higher side compared to other cards in the market.

- The card also charges a late payment fee of Rs. 100 to Rs. 700 depending on the outstanding balance, an over-limit fee of 3% of the over-limit amount (subject to a minimum of Rs. 500) and a cash advance fee of 2.5% of the amount withdrawn (subject to a minimum of Rs. 250).


Pros and Cons of Flipkart Axis Bank Credit Card


Pros:


- High cashback rate on online shopping

- Welcome benefits worth Rs. 3,300

- Complimentary airport lounge access

- Fuel surcharge waiver

- No-cost EMI facility


Cons:


- High annual fee

- High interest rate

- High fees and charges

- Limited offline benefits


Conclusion


The Flipkart Axis Bank Credit Card is a good option for online shoppers who frequently shop on Flipkart and its partner websites. The card offers high cashback rate, welcome benefits and complimentary airport lounge access. However, the card also has some drawbacks such as high annual fee, high interest rate and high fees and charges. Moreover, the card does not offer much offline benefits such as reward points or cashback on other categories of spending. Therefore, you should compare the card with other options in the market and choose the one that best suits your spending pattern and lifestyle.

Labels:

Comments

Post a Comment

Popular posts from this blog

Book Summary of What I Learned About Investing from Darwin by Pulak Prasad

In this book, Pulak Prasad, a successful investor and entrepreneur, shares his insights on how to apply the principles of evolutionary biology to investing. He argues that investors can learn a lot from Darwin's theory of natural selection, which explains how organisms adapt to changing environments and survive or go extinct. Prasad draws parallels between the biological and financial worlds, and shows how investors can use Darwin's concepts to analyze companies, markets, and trends. He also provides practical advice on how to develop an evolutionary mindset, which he defines as "the ability to constantly observe, learn, and adapt to changing circumstances". Some of the key takeaways from the book are: - Investing is not about predicting the future, but about understanding the present and adapting to it. Prasad advises investors to focus on the facts and evidence, rather than on opinions and forecasts. He also warns against falling prey to cognitive biases, such as co...
Post a Comment
Read more

Ge T&D India Ltd - Company Analysis

Ge T&D India Ltd is a leading provider of power transmission and distribution solutions in India and abroad. The company is a part of the global GE Grid Solutions business, which offers products, services and software for the management and optimization of electricity grids. The company has a strong presence in India, with four manufacturing facilities, two engineering centers and a nationwide network of sales and service offices. The company offers a wide range of products and solutions for various segments of the power sector, such as generation, transmission, distribution, renewables, railways, industries and smart cities. Some of the key products and solutions offered by the company are: - Gas-insulated switchgear (GIS) and air-insulated switchgear (AIS) for high-voltage applications - Power transformers and reactors for voltage regulation and reactive power compensation - Circuit breakers and disconnectors for protection and switching - Substation automation systems and digita...
Post a Comment
Read more